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86- 102071
<br />MORTGAGE This forrt is used in connection
<br />with mortgages insured under the
<br />"The Rider to the attached hereto and uxecated of even date one- at fnal H"cwsin provisions of
<br />Mog't+9� the National Housing Act.
<br />with is incorporated herein and the covenants and agreements of
<br />bertiMite Rider shall amend and supplement the covenants and agreements of this
<br />THIS MORTGAGE. made and executed this 28th day of April A.D.
<br />19 86 , by and between K. Shawn Meyers and Linda K. Meyers, each in his and her own right
<br />{ a wn goe of M� other, and State of Nebraska. party of the first part, hereinafter called
<br />the Mortgagor, and The Equit ible Building and Loan Association, 113 -115 North Locust St•.,
<br />Grand Island, Nebraska
<br />a corporation organized and existing under the laws of the State of Nebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sus„ of Thirty Four Thousand
<br />Hundred and m /100— ----- Dollars 1534,600.00 ' ). paid by Zioort-
<br />gagee, the receipt of which 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 />The Northerly Fifty Once and Three Tenths (51.3) feet of
<br />the Westerly One Hundred Forty Eight and Five Tenths
<br />(148.5) feet of Lot Five (5) in Vantinle's Subdivision
<br />to the City of Grand Island, Hall County,Nebraska.
<br />of the Sixth Principal Meridian, containing in all ------ - - - --- acres according to Govern-
<br />ment survey:
<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 covenants with, the Mortga-
<br />gee, that the Aortgagor 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 alt martial rights, either in law or in equity, and all other contingent interests of the
<br />Mortgagor in and to the above- descrit-4J premises, the intention being to convey hereby an absolute title, in fee simple, includ-
<br />ing all rights of homestead, and other right, 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 Thirty Four Thousand Six
<br />Hundred and nq/100-- ------ ------------ -Dottan t5 34, 600.00 ),
<br />with interest from date at the rate of Nine and One—Half per oestlum ( 9� `-, ) per annum on
<br />the unpaid balance until paid. The said principal and interest shat[ be payable at the oflice of The Equitable Building
<br />and Luau Assp�' t'
<br />m Csrand island Nebraska or at such other place as the holder of
<br />the note may designate in writing, in monhy installments of TWO Hundred Nienty and 93/100--------- - ---
<br />------------- Dollars (S 290.93 ). commencing on the first day of
<br />M3y 19 86, and an the first day of each month thereafter until the principal and in-
<br />terest are fully patd, except that the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on the first day of April 2016. all :according to the terms of a certain prontis-
<br />sory tulle of even date herewith executed 6y the said Mortgagor.
<br />The Morigagor in order more fully it) protect the security of this Mortgage. agrees:
<br />L That he will pay the indebtedness, as hereirbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount 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 too maturity: Provided. however, That written notice of an intention to exercise such pi io ilege is given at le;ul 111111v ( tt()
<br />Jays prior to prepayment.
<br />L 1ha1, together wilts. and in addition the monthly payments of principal and interest p,ryablc under the terns of the
<br />note sc, ured hcrehy. the Mortgagor will pay to file k1ortgagec, on the first Jay of euch month until the s:ritl note 1s full% paid, the
<br />fothow 1ng %ams:
<br />iaf Amount sulticient to p mvidc the. holder 11et"ot Willi uut'is t, pay the next ol'olvi e ms,san:, prcuinuu n uhl,
<br />rnsttunWill and the uute wooled hochy aw timired. w .i ,uunthh du.u,ic im ,r prcurrnd, tIr,'
<br />rmunij it rltey .oe held ti.. the Secretauy ;,t [Inu;in;t aril I it,<ui I>r•vrL +pn;rot. ,r. I. llrnc; -
<br />EI} Ft -. ;•�r�a, a, .ara m,te � t cotrn .tat,: 1 t,tr ;rrini �,rni :, - ..�.�� .I , -a'v .'ni,�r,•.�I � girt t!,r I�.
<br />r,nal II,„t�u�y. A:: t. an d ; 1 1 , . i , , , t . s 1" x.71 a . . 11 1 A n ; i a . i.L• „! i 1 ,•:I,tri III
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