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86.- 10155o
<br />MORTGAGE This form n ,5 u� in under it*
<br />with 4noitgsges irrwrect under the
<br />one- to -fm
<br />four nity provisions of
<br />d®r to the , Mortgage attached hereto Will WWCUted of even date the NW4onat Hoi4sing Act.
<br />is Inac mrated ,herein and the 4acx+erjants and agreewertts of
<br />er Shall a merd and sWplment the ca elaants and agreements of
<br />iS W)RTGAGF- made an ,executed tins 31st day of March A.D.
<br />19'86 , by and between Richard F. Weaver and Ar enia R. Weaver, each in his and her own
<br />t y 4 aides each other, and State of Nebraska, party of the first part, hereinafter called
<br />'be •etid •The Equitable Building and Loan Association, 113 -115 North Locwt St.,
<br />Grawd Island, Nebraska
<br />a corporation organized aced existing under the laws of the State of Nebraska
<br />party of the second part, hereinafter caged the Mortgagee.
<br />WfTN£SSETH: That the said Mortgagor, for and in consideration of the sum of Fifty One Tbousar)d N'
<br />Hundred and moll w— - - Dollars 6 51,9Q0.00 ), paid by the Mort-
<br />gtigee, the receipt of w hick is hereby acknowledged, has Granted and Sold and by 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 />Lot Six (6) in Ross- Theasneyer Subdivision, in the
<br />City of Grand Island, Hall County, Nebraska.
<br />A the Sixth Principal Meridian. containing in all _ acres according to Gov'ern -
<br />nentsurvev: -
<br />TO HAVE AND TO HOLD the premises above described. with ail the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and 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 to, and covenants with, the Mortga-
<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 all other contingent interests of the
<br />Mortgagor in and to the above- described premises, the intention being to convey 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 presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order. the principal sum of Fifty One Thousand Nine
<br />iiUndred and no /100 DollarsiS 51,900.00
<br />with interest from date at the rate of Nine and One half per centuiti ( 9� 4? ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of The Equitable Building
<br />and Loan Association
<br />in Grand Island Nebraska or at such other place as the holder of
<br />.he note may designate in writing. in monthly installments of Four Hundred Thirty Six and 40/100
<br />Dollars 1$ 436.40 ). commencing on the first day of
<br />April . 19 86, and on the first day of each month thereafter until the principal and in-
<br />terest are fully pad. except that the final payment of principal and interest, if not sooner paid, shall he due and
<br />nayable on the first day of March 1 2016 Al according to the terms of a certain promis-
<br />vey note of even date herewith a xecuted by the said Mortgagor
<br />The Mortgagor iii order more fully to protect the security of this Mortgage. agrees:
<br />1. That he will pay the indebtedness, as hereiiihefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />unount equal to one or more monthly payments on the principal that are next due on the note, on the first day of any month
<br />prior to maturity: Provided, however. That written notice of an intention to a cercise such privilege is given at least thirty 0301
<br />Jays prior to prepayment.
<br />Z. That. together with. and in addition to. the monthly payments of principal and interest payable undet the terms of the
<br />Wore secured hereby
<br />onitsrwing st+tna: , the Mortgagor will pay x4 the Mortgagee. on the first day of each month until the saizl note is fully paid, the
<br />(a) Attiount sufficient to provide the hcddci hereof with hinds tit pay tilt: next mortgage insuran,r ptcnuum rf tills
<br />itistrunient alid the note secuied hciehy are msuied, ui a nr,mlikIy charee "of lie -i4 nt a worlgggc inaur¢ncr r,n..
<br />ftnufni if they arc held try the Seiretaiy nl liousurg and 0'11 art th velop:iknt, as !allows
<br />01i it rod `,4i long a.S said filtic of ev'eu date amJ I1111. ,nsnunn'n1 r ,o -.ter J . ;uc *cis ai.:,d un.9ct tits i';,
<br />,iakstts of Ow NJtionai 11,nistng A,: 1. eir arru=uttt 4.ut!irt,• =+t 1 i :u. ^,ula.,: =a Ih'. t, Iirsdr! uRC
<br />%I Alf of NEBRASKA
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