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<br />MORTGAGE i This tor- ;s used rAnnect on
<br />w I mortgages insured under the
<br />one- to lour -family provisions of
<br />the to Housing Act.
<br />86-- 102508
<br />THIS MORTGAGE, made and executed this 15th day of May ,a.1).
<br />19 86 .byaridbetween David A. Jakob and Jean A. Jakob, 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 />Norwes*_ Bank 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 />R9TNFSSF.TH: That the said Mortgagor, for and in consideration of :he slim of Thirty —nine thousand and
<br />no/ 100ths------------------------------------- .J)ollars t5 3' OAO.00 I. paid by the Mort-
<br />gagee. the receipt of which is hereby acknowledged. has Granted and Sold and t ese presents does Grant. Bar-
<br />gain, Sell. Convey and Confirm unto the Mortgagee. it, sacce,utrs and assigns. forever. the following - described
<br />real estate. situated in the County of Hall and State
<br />of Nebraska, to wit:
<br />Lot Three (3), in Block Four (4), in Meves First Addition to the City of Crand Island,
<br />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, containing in ;ci city lot aae, according to Govern -
<br />mentsurvev:
<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 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 right,. either in lim or in equity, and all other contingent interests of the
<br />Mortgagor in and to the above- deserihed 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 ;ts aforesaid.
<br />PROVIDED ALWAYS. and these presents are executed and delivered upon the following conditions, in wit:
<br />The Mortgagor agrees to pay to the Mortgagee- or order. the principal sum of Thirty —nine thousand and
<br />no/ 100ths-------------------------------------- I)olLint5 39,000.00
<br />with interest from date at the rate ui Ten pet renulm ( 10 s 1 per annum un
<br />the unpaid balance until paid. The said principal and intere,t ,hall he payable at the office of Norwest Bank 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 in,tallment of Three hundred forty —two and 25 /100ths - - --
<br />----------------------------- 4)ollars fs 342.25 ), connnencute on the first day of
<br />July . 14 86 and on the first cly a of each month thereafter until the principal ;ind in-
<br />terest are fully paid, except that the final payment of principal and interest. if not sooner paid, ,hall he due and
<br />payable on the first day of June 2016 ;;dl according ro the term, . of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to prolecl the ,ectjrily of Ihi, Mortg;tge. ;tgree5:
<br />I. That he will pay the indciucdne,s, as hereinheforc provided. Privilege is reseraed to pay the dehl in whole, of in an
<br />amount equal to one or ,pore monthly payments on the principal that are next due on the note, un the lust Jac of any month
<br />prior to maturity: Provided, houeyer. •That written notice of in intention to exercise such privilege is given at least thirty i 301
<br />days prior to prepayment.
<br />?. that, together with, and in addition lo, the monthh payment of principal and interest payable under the term, of the
<br />note secured hereby. the Mortgagor will pay to the Mortgagee, ,it the first day of each month until the aiii note i, fully paid, the
<br />following
<br />(al Amount sutfocnl tt, the htdd ;r lPte,lt with Lund: !„ pat :hs next nutrtf tge msutanee ptennum it this
<br />:nst nuncnl mil the n t. seeun•d hr.tcby drr tnstuisL ,: .t moo rtly ch -r c :ur iWit 01 a m017.Cac! tn,x rrtm r 11r,.
<br />nmuxl it they sic he•id i" the. Srxrettry r,t Ilousut".un! l than Ikyckqunrnt, a. ftdlow,. �39°
<br />'n1
<br />ll II .tnd w Ihatt:.I, "!A Hutt ,I ('ycn dab and thu uuuutnent err utsuted on an• ivalmi e.l under the 1)... '-
<br />ritinon, ,t th. ssainol:ai \;t :tn annnnu .uth.i�ttt :,, tt.,., ^.t.aetc ;n �h:, Inn,;.,,. ?I . !, l!et ,t:•.
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<br />SfA;i ill - .'VIHn ASIA
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