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WITNESSETH: That the said Mon or. for and in of the surr; of
<br />Forty —Five Thousand Three Hundred and no /100 - - - - -- Dollars ($ 45,300. 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�escribed-
<br />real estate, situated in the County of Hall and State,.
<br />of Nebraska, to wit:
<br />Lot Three (3), Martin Subdivision, an Addition to the
<br />City of Grand Island, 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, 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 Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Forty —Five Thousand
<br />Three Hundred and no /100---------- ------ - - - - -- Dollars(S 45,300.00 )
<br />with interest from date at the rate of Nine and One —Half per cectutn ( 91 <) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of The Equitable Building
<br />and Loan Assinciation Grand Island, Nebraska or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Three Hundred Eighty and 914100 ----------
<br />__ --_ -- --------- ---- --- -- -- Dollars (S 3 , ). comtnenctng on the first day of
<br />.1986 , anooh& first day of each month thereafter until the principal and iu-
<br />terest are fully paid, except that the final payment of principal and interest, if not sooner paid, shall he due and
<br />payable on the first day of Juste, 2016 ; all 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 />1. 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 />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 said note is fully paid, the
<br />following sums:
<br />(a) Amount sufficient to provide the holder hereof with funds to pay the next mortgage insurance premium if this
<br />instrument and the note secured hereby are insured, or a monthly charge /br lieu of a mortgage insurance pre-
<br />ntium) if they are held by the Se nary of Housing and Urban Development, as follows.
<br />(t) if and so long as said note of even date and this instrument are insured of are lcinsmcd under the pnr
<br />visions of the National dousing Act, an amount sufficient to accull-1 rte in the hands of the holder one
<br />STATE OF NEBRASKA J -
<br />14Ut? ? >214Ai ig 7691
<br />Replace, F4A• 2143M. Which May Be Used Until Supply is Exhausle�d 1;'•1 i'r ri 03 1 ?1m c, xu
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