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MORTGAGE I This roan it used in connection
<br />S with mortgages insured under the t
<br />one- to tour - family provisions of
<br />1U2086 e Ne,ional Raising
<br />th Act.
<br />THIS M0RTGA6E. made and executed this 28th day of April A.D.
<br />19 86 .hyandbetween Larry D. Ficken and Lvnn K. Ficken, husband and wife
<br />of the County of Hall and State of Nebraska. party of the first part, hereinafter called
<br />the Mortgaix, and
<br />Norwest Bank Nebraska, National Association
<br />a corporation organized and existing tinder 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 sum of Forty—seven thousand once
<br />__ (hr:ian (5 f, paid by the � lort-
<br />hanee, 11. ec .no� 0�tl�s------ - - - - -- — — — - - -- -- 7 nn (�
<br />ogee, t receipt w, is +. hereby ackn +w9edged, has Granted and Sold and �y't�eTs�' i- esenis dues 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 Thirty One (31), in Island Acres No. 7, a Subdivision of part of Fractional Section
<br />Seven (7); part of the West Half of the West Half (Wl5 Wig) of Section Eight (8); and
<br />part of Lot Twenty -four (24), Island Acres, all in Township Eleven (11) North, Range
<br />Nine (9) West of the 6th P.M., in the City of Grand Island, Hall County, Nebraska.
<br />The rider to the mortgage attached hereto and executed of even date herewith is
<br />incorporated herein and the covenants and agreements of the rider shall amend and
<br />supplement the covenants and agreements to this mortgage.
<br />This is a Purchase Money Mortgage.
<br />of the Sixth Principal Meridian, conluining, in all city lots
<br />ment survev:
<br />acres according to Govern-
<br />TO HAVF. 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 A? its successors and assign%. forever. The Mortgagor represents to. and covenants with, the Mortga-
<br />gee, that the Mortgagor has good right to sell and convey said premises: th:ii they are free from encumbrance: and that the
<br />Mo,rigagor will warrant and defend the same against the law Ni claims of all pt•rsans a homsoever, and the said Mortgagor here-
<br />by relinquishes all rights of homestead, and all inarliat rights. either in law or in equity, and all tither contingent interests of the
<br />Mortgagor in and to the above- described premises. the inrention being n+ comcy hereby an ahsrdute title. in fee simple, includ-
<br />ing all rights of homestead. and other rights and interests as afores;+id.
<br />PROVIDED ADA -AYS. and these present; arc cxes:uted and delivered upon the following conditions, to wit
<br />The Mortgagor %glees it) pay to the Mortgagee• or order. the principal sum of Forty —seven thousand one
<br />hundred and no/ 100ths--------------------------- Zhdlarslti
<br />47,100.00 t'
<br />with interest from date at the rate of nine and one halt twi :enwill ( 9li "i ) perannumon
<br />the unpaid ba ance untilpaid. The said principal and interest shall he p acahir at the office of Norwest Hank Nebraska
<br />National Association
<br />in Omaha, Nebraska or at such other place as the holder of
<br />the note may designate in writing, in monthly instailntents of Three hundred ninety —six and 04 /100ths - --
<br />°-----'--"Dollars 15 396.04 1 . c o n inicucing on the first day of
<br />.tune 19 86 ,and on the first dax of each month thereafter until the principal and in-
<br />terest are fully paid, except that the final payment of principal and interest, it not sooner paid. shalt he due and
<br />payable on the first day of Mapp 2Q,16 all a Fording to the terms of a certain primtis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />fhc Morttwigor in order more fully in protect the security of this Mortgiige. agrees:
<br />V That he will pay the indebtedness, as hereinhefoic prodded. Privilege is iesefved to pat, Cite debt In whole. of in an
<br />amount equal rit one or more monthly payments on the principal that arc next due on the note. on the first day of any month
<br />prior lu maturity: Provided, ttohrecerr.'that written notice of nn intentitm to exercise such privilege is given at least thirty I± )i
<br />days prior to prepayment.
<br />-. f hat, together %Flit. tud in additiup, h+, the monthly p.iyinents of principal and nuc:c•r , oyahle under the terms of the
<br />none sccurrd hereby, the 4luttgagui will paY to [tic lfurtgabtee, on the fir•% •.lap of each mr•nth until the said note is fully paid. the
<br />ing sums:
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<br />rvnurn, !` +f c !a i i:'r the i+ • .'tnt4' ! Hnu',frlg dn.l l!:i•dt: (hvi lot'llw'll, v ;nAua •,
<br />ar the r
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