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<br />This form is used in connec-
<br />tion with rn see insured
<br />under the one- e to m four-family
<br />provisions of the National
<br />Housing Act.
<br />86- 20269,
<br />THIS MORTGAGE, trade and executed this 23rd day of May A.D.
<br />19 86 , by and between Douglas W. Sass and Te i L. Sass hub d cad rife,
<br />Hall ntly anr>' eac�tn heir own right.,
<br />of the County of and State of Nebraska. party d the first part, hereinafter called
<br />the Mortgagor, and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN
<br />a corporation organized and existing under the laws of The United States of America
<br />party of the second parr. hereinafter called the Mortgagee,
<br />WITNESSFTH: That the said Mon{ tagor. for and in consideration of the sum of Fifty Ftve Thousand and no /100
<br />Dollars (S 55000.00 ), paid by the Mort -
<br />ppe, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar -
<br />pin. Sell. Convey and Confirm unto the Mortgagee. its successors and assigns, forever, the following-described
<br />real estate, situated to the County of Hall and State
<br />of Nebraska. to wit:
<br />Lot One (1), Block Two (2), in Colonial Estates
<br />Subdivision, Gity of Grand Island, Nall. County,
<br />Nebraska
<br />of the Sixth Principal Meridian, containing in all city property 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 beating. 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 Mortp-
<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 311 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 Five Thousand and no /100
<br />Dollars 1$ 55000.00
<br />with interest from date at the rate ol Nine and one half per centum { 9,500 `b) per annumoa
<br />the unpaid balance until paid. The %dirt principal and interest shall be payable at the office of
<br />and Loan Association of Lincoln First Federal Savings
<br />to Lin oln Ne' � or at such other place as the holder of
<br />the note may designate in wring, tdmont�islallments of Hundred Sixty T 100
<br />Collars tS 4 ��.t5 o . carerCg on the first day of
<br />July 19 65 and on the first day of each month thereafter until the principal and in-
<br />terest xe fully paid, except that the final payment of principal and interest. if not sooner paid, shall be due and
<br />payable on the first day of June . X0if) all according to the terms of a certain promis-
<br />wry note of even date lierewilh executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />l- 'Rot4K --% •9ar•ihc i Webledviess. arhereiribefore provided- Pri,rile, es- reserved -ttr p"- the,det t-i* whefr,- aria*rr
<br />a4M m-+ 11106r016101 eYo0oft- >rathefA leips#wFre•nert -doe ell a -91e en -the- first-day et-enlsnenth
<br />10"Of - rtrlwiyt PMtridsf # ewer! r�Aat+ wirlaw •weticeeFasiMen lie tttaexerei such privil eisp"rat-katthitt7t�l
<br />reryc}risato�trelteyrntewt. Privilege fa reserved to pay the debt, in whole or in
<br />part, on any installment due date.
<br />That, together with, and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />note secured hereby. the Mortgagor will pay to the Mortgagee, on the first day of each month until the saia note is fully paid, the
<br />following sums:
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<br />691 «e iawoedrw liwreF*awrw+gurrwmwarter-gro-
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<br />----------- the Nola rW FHetrwYg- Aet•itt we ro► tin ireiierane
<br />�K!ssa r M 4 : ! • A war „cP .ror dx �.s.i .�r!r ,..war •o +.nw�t.n STATE OP NEBRAS A
<br />W002143M t* 191 iE
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