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<br />MORTGAGE Wit" corm is used in CUnnertthe
<br />with mortgages insured under the
<br />one- to four - (amity provisions of
<br />1 the to Housing Act.
<br />THIS MORTGAGE, made and executed this 19th day of March A.D.
<br />19 86 ,hyandbetween Gerald L. Lammers and Rita K. Lammers, husband and wife, and
<br />Laverne R. Lammers and Shirley 1. Lammers, husband and wife
<br />of the County of Hall and State of Nebraska, party of the first part. hereinafter called
<br />the Mortgagor, and
<br />Norwest Bark Nebraska, National Association
<br />a corporation organized and existing under the laws of The United States of America
<br />party of the second part, hereinafter called the Mortgagee.
<br />WITNESSETH: That the said Mortgagor. for and in consideration of the sun: of Sixty —nine Thousand Seven
<br />Hundred Fifty and :o /100------------------- - - - - -- Dollars (569 750.00 )• paid by the Mort-
<br />gagee. the receipt of which is hereby acknowledged, has Granted and Sold and ;y. these presents does Grant. Bar-
<br />gain, Sell, Convey and Confirm unto the Mortgagee. its successors and assigns, forever, the following - described
<br />real estate, situated in the County of Hall and State
<br />of Nebraska, to wit:
<br />The Westerly Thirty —six Feet (W361) of Lot Five (5), in Block Fourteen (14),
<br />Lambert's Addition and the Easterly Forty Feet (E401) of the Southerly One
<br />Hundred Thirty —two Feet (5132') of vacated Superior Street between 5th and
<br />6th Street to the City of Grand Island, Hall County, Nebraska.
<br />The rider to the mortgage attached 'hereto and executed of even date herewith
<br />is incorporated herein and the covenants and agreements of the rider shall
<br />amend and supplement the covenants and agreements to this mortgage.
<br />of the Sixth Principal Meridian, containing in all city lots
<br />ment survev:
<br />acres according to Got, err-
<br />TO HAVE. AND TO HOLD the premises above described. with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures alld equipment now or hereafter attached to or used in connection with said real estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents Ill. and covenants with, the Moriga-
<br />gee, that the Mortgagor has good right to sell and convey said premises: that they are free from encumbrance; and that the
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever: and the said Mortgagor here-
<br />by relinquishes all rights of homestead, and all martial rights, either in law or in equity. and ail other contingent interests of the
<br />Mortgagor in and to the above- described premises. the intention being to convoy hereby an absolute title. in fee simple. includ-
<br />ing all rights of homestead. and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these present% are executed and delivered upon the following conditions, to t it:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Sixty —nine Thousand Seven
<br />Hundred Fifty and no/ 100------------------------ Dollars(S69,750.uG !•
<br />with interest from date at the rate of Ten Pei centun! ( A0. GO 1 per annual on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of Norwest Bank Nebraska,
<br />National Association
<br />in Omaha Nebra ka. or at such other place as the holder of
<br />the note may designate in writing. in fronts installments of Six Hundred Twelve and 11/100--------- - - --
<br />----------------------------- Dollars i$ 612.11 i, commencing on the first day of
<br />May , 19 86, and (in the firs) lot, of each month thereafter until the principal and in-
<br />terbst are fully paid, except that the final payment of principal and interest, if not sooner paid. shall he due and
<br />payable on the first day of April, 2016 :all according to the terms of a certain promk-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this 3lorigage. agrccv
<br />I. 'Chat he will pay the indebtedness, as hereinbefore provided. Privilege is rescrved to pay the debt in whoic, or in an
<br />amount equal to one or more monthly payments on the principal th:d are ncxt due on the note. nn the first dal of ant, month
<br />prior to maturity: Provided, however. "Chat written notice of :m intention ac excrci,c licit privilege is ;riven al least thirty 1301
<br />days prior to prepayment.
<br />2. -Chat. together with, and in additiem to. the monthly payrlte•nts of principal and interest payable• under the terms of the
<br />not scoured hereby. the Mortgagor will pap to the Mortgatlee, on the fin! day of each nunvh until the s :nd note 1, fulh paid. the
<br />following sums:
<br />(ai Aimmot sulficicnt let pr :,vide the }uoWcr heleuf "fill !olds ! ' prep the ,.rXl nnofoill:r also ,mrr Inennnm It !hi,
<br />ur,tn,mcnt dad the flo!t. soured lielchv _oe' irau!ed. M e ! ;04)ll!k Jlxk.c r w 114it , .. rfie cr mvmdn. r ;'r, .
<br />mholl) it Ihea .rte held by fhe se,.l.1a!v ,d lfnu',lny! and i ;hx, llrc.luluin'nt, ,n hillnw��
<br />(if 1! and -ill• J, Sao-! ul t e-',:r date 3.1., 'ill. , n± _ :n", 1
<br />in -, ,) 'u111 11, , 111 ... 1 'i :. ,I'•... .I,.. ..�_
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