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85— 103121
<br />MORTGAGE This Corm is used in connection
<br />with mortgages insured under the
<br />one- to four-family provisions of
<br />e, the National Housing Act.
<br />z
<br />THIS MORTGAGE. made and executed ibis 12th . day of June A.D.
<br />19 86 .by.andibetween A.:Thomas- Mattke and Patricia A. Mattke, each in his and her own
<br />e o f s all f each other, and State of Nebraska, party of the first part, hereinafter called
<br />iheMortgagor,and The Equitable 'Building and Loan Association, 113 -115 North Locust Street,
<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 />W1T1•fESSETH`. That the said Mortgagor, for and inconsideration of the sum of Twenty —Six Thousand
<br />Four Hundred Fifty and no /100-------------- - - - - -- Dollars t5 26 ' 450.00 ). paid by the Mort-
<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 />Lot Three (3), in Block Eighteen (18), in Packer and
<br />Barr's Second Addition to the City of Grand Island,
<br />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, plumbingand lighting fixtures and::quipment 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 ' he 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 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 Twenty —Six Thousand
<br />Four Hundred Fifty and no/ 100------------- - - - - -- Dollars t5 26,450.00 1'
<br />with interest from date at the rate of Nine and One —Half pet centum ( 91 , per annum on
<br />the unpaid balance until paid. The said principal and interest shall he payable at the office of The Equitable Building
<br />and Loan Association Grand Island, Nebraska or at such other place as the holder of
<br />in the note may designate in writing, in monthly installments of o Hundred Twenty —Two and 41 /10(� — --
<br />--
<br />------------------------------ -Dollars (S 222. Y Lc onuncncmg nn he — first — day —
<br />of
<br />July , 19 86, 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 be due and
<br />payable on the first day of June, 2016 : au according to the terms of it certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />1. That he will pay the indebtedness, as hereinbeforc 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 to maturity: Provided. however, That written notice of an intention to exercise such privilege is given at least thirty t 301
<br />days prior to prepayment.
<br />2. That, together with, and in addition to, the monthly payments of principal and interest payable under the leans of the
<br />note secured hereby, the Mortgagor will pay to the Mortgagee, on the first clay of each month until the saiZ1 note is fully paid, the
<br />following sums:
<br />(a) Amount sufficient to provide the holder hereof with funds to pay the nexr mc?Itgage insulan.c pienuum it this
<br />instrument and the note secured hereby are insured, m a monthly charge (ht lieu of a nwrteace insuram v prc-
<br />» then/ it they are held by the S laty of llousing and Urban Drvelopnlc 11. as Inllmts
<br />(1) It and so lung as said note of even dale and ills tnstrum:m :n" 11110:",1 „I ,r,e :col wl d rmlcr lttc plo
<br />vistons .o the Nationa blousing Act. an amount >tttticrrnl W 3LCMIMIAC m :11" 11,011J. 0! !hr 11"Ide; •nc
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