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103463
<br />MORTGAGE
<br />This s form is used in connection
<br />with mortgage" insured under the
<br />one- to tour - family provisions of
<br />the National Housing Act.
<br />THIS MORTGAGE. made and executed this 27th day of Junt: A.D.
<br />19 p8�b��,pbyyandbetween John F. Merrienhall, a single person, aryl Kathy S. Wrage, a single
<br />of tie 'eC tunty of Hall , and State of Nebraska. party of the first part, hereinafter called
<br />the Mortgagor, and The Equitable Building and loan Association, 113 -115 North Locust St.-,
<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 />WITNESSETH: That the said Mortgagor, for and in consideration of the sum o! Fifty S1X Tho arl� aiXl
<br />no /100 -- ---- -� Dollars IS 5( 0 0.00 pat by toe Mort-
<br />gagee. the receipt of which is hereby acknowledged, has Granted and Srld anef b these presents does Grant. Har.
<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 Fifty Four (54) LeHeights Fourth Subdivision, a tract
<br />of land comprising a part of the East Half of the Northwest
<br />Quarter (EriNW�) of Section Eleven (11), Township Eleven (11)
<br />North, Range Ten (10) West of the 6th P.M., Hall County,
<br />Nebraska.
<br />of the Sixth Principal Meridian. containing in all
<br />Intent survey:
<br />acres accordinait) Gosern-
<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 Fifty Six Thousand ant no /100
<br />- --- --- ----- - - - - -- Dollars (S 56, 000.00 !.
<br />with interest from date at the rate of Nine and One Half Per centuni ( 9� 'ii I per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of The Equitable table Building
<br />and Loan AsepoCc' '
<br />in raM fso and, Nebraska or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Four Hundred Seventy and 88/100---------
<br />-------- — Dollars iS 470.88 1, commencing on the first day of
<br />July , 1986 , 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 : all 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 hereinbefore provided. Privilege is reserved to pav the debt in whole, or in an
<br />amount equal to one or more monthly payments on the principal that are next clue 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 gicen at least thirty (',fit
<br />days prior to prepayment.
<br />2. That. together with, and in addition to, the monthly payments of principal and interest payable under the team of the
<br />note secured hereby, the Mortgagor will pay to the Mortgagee, on the titsl day of each month until the saiil note is full% paid, the
<br />following sums:
<br />(a) Amount sufficient to provide the holder hereof with funds to pay the next mortgage Insurance picmunn !( Ihts
<br />instrument and the note secured hereby are insured, of a tnonth]y charge im twu of a mo r, {qcr' ntstrr,-rrr,
<br />rnirun) it they are held by the Sci :relary of Ilousing and Urhan Development, as lollous
<br />(I) If and so lung as said note nt even date and thus mstinmeut .:w msut, I - ::c .,,1,c0 the p-
<br />�rst„ns of ^.all, National (lousing Act, a❑ amour! sulticirn: tr. t,' aims ?:u I'T tho han,l, of 'h� ! ,:61.:
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