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86-- -. 101553
<br />MORTGAGE This :ore is used in eOrtc,er. the -�
<br />� with monpgeR.,nxured antler she j
<br />I nne- za rt — family prow-00m; of
<br />"2be Ascher tt, the Mcrtgage attached hereto area executed of even date sing act.
<br />he frith is iw,=pQmted 1amwin arA the owernatts and agremants of
<br />the Rider shall maitid and scppJ rent the taunts and agreements of this Moxtgage."
<br />THIS MM. TGAGE, made and cttecuted this 29th day of March A.D.
<br />19 a6 .byaWbetween Xavin D. Lahowetz and Shanda L. Lahowetz, each ist his and her sawn right
<br />r twrat Comte eaeti ' , and State of Nebraska. party of the 3'<it7 3 hart, hereinafter called
<br />1* J1-118310r, and .7he Bquitable Buiildi.ng and Ltan Association, .113 -115 North lA cazstL. St.,
<br />Graaad Island, Nebraska
<br />a corporation organized and existing under the Jaws of the State of Nebraska
<br />party of the seecnApart, hereinafter called the Mortgagee,
<br />WITNESSETH That the said Mortgagor, for and in consideration of the sum of Eight �otsand Three
<br />Hundred Fifty and no/1 Doltars is 38,35D .00g ).paid by the Mort -
<br />px}tee, the receipt of which is hereby acknowledged, has Granted and Sold and bt• these presents does Grant, Bar-
<br />on, Sell. Ccinvey 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 Seven (7), in Block One (1), in Island Acres Nether Two (2),
<br />City of Grand Island, Hall County, Nebraska.
<br />of the Sixth Principal Meridian. containing in all
<br />ment survey:
<br />acres according to Govern-
<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 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 co%enantswith, 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 all other contingent interests of The
<br />Mortgagor inandto the above-described premises, the intention being to conrcy hereby an absolute title, in fee simple. includ-
<br />ing all Tights 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 su m of Thirty Eight Thousand Three
<br />Hundred Fifty and 1x/100 Doliars (Is 38,350.00 1
<br />with interest from date at the rate of Nine and Om —Half pCt cerium ( 9 , ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of The Equitable Btlildittg
<br />and IAan Association
<br />in Gratxd I$land Nebraska or at such other place as the holder of
<br />the [tote may designate m wetting, in monthly installments of Three: Huttdl.ed Twenty Two and 47/100 —
<br />Dollars (5322.47 I. commencing on the first day of
<br />April , 19 $6, and on the first day of each month thereafter until the principal and in-
<br />terest 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 March, 2016. all according to the terms of a certain pro [tote of even date herewith executed by the said Mortgagor-
<br />The Mortgagor in order more fully to protect the securit} of this Mortgage. agrees:
<br />I. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved io pay the debt in whole, or in an
<br />amount equal to one of mote monthly payments on the principal that are next due on the note, on the first day (if anv month
<br />prior to maturity: Provided. however. That written notice of an intention to exercise such privilege is given at least thirty ('1tl)
<br />days prior to prepayment.
<br />?. That, icipethm with, and in addition to. the monthly payments of principal and interest pa} ahlc tinder the term. of life
<br />note secured hereby, the Mortfagcrt will pay to the Mortgagoc, on the lust day of each month until the said note is full paid, the
<br />fofktwing sums:
<br />(a) Amount sufficicin to provide the holder berod with funds to pay the next mortgage insutau"e picmtunl ti this
<br />tnrtruntent and the note secured herehV arc insured, u; a monthly chalvc On u hrsRtranrr.hrr-
<br />nriumJ ti they arc held by the Scottary of Housing and (Irhan L'tevclopnien: : iuilows
<br />U1 If anti .o sou[', as satcl even date and rho;
<br />v��nnin �� the tialurnal Houste;f_ �t'!, an anrcnnu sulflcrnt ! ,tr_....u: . , ;hr .. � ,i;1c� .,
<br />� Slats �,1 ht itttaSh�
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