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MORTGAGE v"th ort is in connection
<br />srvGtA mortgages insured undw the
<br />one- to four - family provisions of
<br />the National Housing Act.
<br />}- 866 �.
<br />THIS MORTGAGE, made and executed this 16TH dot of JUNE A.D.
<br />19 86 , by and between "JOHN A. JONES AND D. ANNE JONES HUSM0 AND WIFE
<br />of the County of, and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and. NX)MST BANK NEBRASKA, NATIONAL ASSOCIATION
<br />a corporation organized and existing under the laws of The United States Of Amer" ca
<br />party of the` second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of TVTg'NTY ONE THOLISANO FOUR
<br />HUNDRED NO 00 /100 llars (S 21,400. 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 />FRACTIONAL LOT SIX (6) IN FRACTIONAL BLOCK EIGHT (8) IN ASHTON PLACE AN
<br />ADDITION TO THE CITY 4 GRAND ISLAPO, PALL OOLWY NE1 MS'KA AND FRACHOPTAL
<br />LOT TWO (2), IN FRACTIONAL BLOCK ONE (1) IN PARKAILL SUBDI'(JISION, AN
<br />ADDITION 7O THE CITY OF GRAND ISLAND, WL COUNTY, NEBRASKA.
<br />THIS IS A PURCHASE MONEY MDRTGAGE.
<br />THE RIDER TO THE MOF?GAGE ATTAaffM HERETO AND M.CUTED OF EVEN DATE HEREWITH
<br />IS INCORPORATED HEREIN AND THE CX7VE'NIANTS AND AGPEE'PENrS OF "- :P— RIDER SHALL
<br />A.MENO AM SUPPLEMENT TfF COVEWIFS AND AC- RFEMnT_TIS OF THIS MOIRI!GAGE.
<br />of the Sixth Principal Meridian, containing in all city lot 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 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 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 Mortga or ag�ge t ay to the Mortgagee, or order. the principal suns of Th'ENTY ONE THOUSAND FCNiR
<br />HUNDRED i VU 88 --- Dolars (5 21, 400.00
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<br />with interest from date at the rate of NINE AND 500/1000 per centuln ( 9.500 rr,) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of NORWEST BAN_
<br />NEBRASKA, NATIONAL ASSOCIATION
<br />in GRANS) ISLAND, NE t la holder of
<br />the note may designate in writing, in monthly installments of 44V0 �� Aq d j
<br />~Dollars ($ 223.47 ), commencing on the first day of
<br />AUGUST .19 8i5md on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except that the final payment of rincipal and in egg t, if not sooner paid, shall he due and
<br />payable on the first day of AI �U�!1 according to the terms of a 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 />L. That he will pay the indebtedness, as hereinbefore 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 (30)
<br />days prior to prepayment.
<br />i
<br />2. 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 saifl note is fully paid, the
<br />following sums:
<br />(a) Amount sufficient to provide file holder hereof with funds ui pay the next mortgage insurance premium if this
<br />instrument and file note secured hereby are insured, ui a monthly charge (rn Ircu of a mortgage insurance pre-
<br />mium) if they arc field by the Secretary of Housing and Urban Development, as follows:
<br />(1) If and so long as said it of even date and this instrument are insured or are reinsured under the pro-
<br />visions of the National Housing Act, an amount sufficient to accumulate in the hands of the holder one
<br />STATE OF NEBRASKA
<br />ll, 20 t471 1St 79i
<br />Replaces FHA•2143M, Which May Be 11siW Until Supt >IV n Exhausted (74 ("f l9 -92 170 of al)
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