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This form is used in connec-
<br />tion with mortgages `insured
<br />MORTGAGEunder the one- to four - family
<br />provisions of the r National
<br />Housing Aet.
<br />$6 1038+60
<br />and execoted this 7th dayof July A.D.
<br />I* W. 'Grammer,and Debbie S. Brainier, each in his acid her own right
<br />rT ° ' and State of Nebraska. party of the first patrt, hereinafter called
<br />FJquitab']e Btill di— and Loan Associaticti 113= 115 °North Locust At
<br />Grand Isla rt , ` Nebraska , • r
<br />s coip6ratfon organized and existing under the taws of the State of Nebraska
<br />parlyrN the second part, hereinafter called the Mortgagee
<br />WITNESSETH: Thai the said Mortgagor. for and in consideration of the sum of Forty One Thousand Five
<br />Hurdred and rlp/ ] (__ y g _Dollars (S 41, 500.00 I. paid by the Mort -
<br />gaaee. t receipt o w is is hereb • acknowledged. has Granted and Sold and by these presents does Grant, Bar-
<br />gain. Sell. Cimvev 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 Two (2) , Block One (1) Dickey Third
<br />Subdivision, in the City of Grand Island,
<br />Hall County, Nebraska.
<br />of the Sixth Principal Meridian. containing in all ---- acres according to Govern-
<br />mentsurvey:
<br />TO RAVE AND TO HOI.D 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 will '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 alt 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 convev hereby an absolute title, in fee simple, includ-
<br />ingail rights of homestead, acid other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents :rte c --caned and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees ts) pay to the ktorigagee. or order. the principal cum of Forty One Thousand Five Hurr1red
<br />and do /100- -------- Dollars is 41,500.00
<br />1.
<br />with interest from date at the late of Nine_ and One Half per centum ( g %)
<br />the unpaid balance until � per annum on
<br />pa paid. +:rid principal and interest shall tic payable at the office of The Equitable Building
<br />and Loan rAns�r°anjA• Fs°Pani Nebraska
<br />or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Three hundred Forty Eight and 96/100
<br />Dollars 44 348.96 ), commencing on the first day of
<br />August, , 19 86, and on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except that the fined payment of principal and interest, if not sooner paid, shall be due and
<br />payable on the first day of July, 2016 all according to the terms of a certain promis-
<br />sory note of even :date herewith executed bV the said Mortgagor
<br />The Mortgagor in circler more fully to protect the security of this Mortgage• agrees
<br />i. 'that he will pay the indebtedness, as heretnbefore provided Privilege is reserved to pay the debt in whole, or in an
<br />amount equitt to one or more monthly payments on the ptutcipal that are nesl due tin the note, m the first day of any month
<br />prior it, maturity ProVA&W, howeterr, That written notice ill an intention to exercise such privilege is g6en at least thirty (30)
<br />days prior to prepay meat.
<br />-" That. together A• h• sod in ;addition try, the monthly paymetts of principal and interest pavabk under the terms of the
<br />note wcored Hereby, the Morgagor will pay to the Mortgagee, on the fiat day of each month until the will note is fully paid, the
<br />foth?wrng %unit
<br />(a) aliment sutrkwill to ptatvrcie !hc tl(A ter heret>t *-Ol tends to pay thr nrxr crearteage in%mance prenuurn it this
<br />¢osrrurrieot and the note s cured heirtsy are invited nr a monthly chrit9C Irrt ttr°rr of u oro.tKWC rrtsraronrt pre
<br />mourn; if they Al,g^ ht)d by the S Ctcrary (sf llausmR and 4!rh4n ftrvrktl+rnent .ts i,dinw.
<br /><)s If at:d S,• hinR Sir slu i •,/ ?,yen d acid thin irrstturnrne .114' urenred „• 41, �-•W. t0 -moer ,hr pn.,
<br />T i a —trit t,t 6w Narrow") 11.4isMrQ Ari an amt,ant suill, will t" a ++uun We tr+ the hamtt> pit thr holclet ol"
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