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<br />This
<br />� �� � � Mth form is used re under the
<br />• with mottgages insured under the
<br />one- to four -farniiv Provisions of
<br />the National Housing Act.
<br />86-104131
<br />THIS MORTGAGE, made and executed this 24th Jay of July A.D.
<br />i9 86 , by and between Darwin R. Hahn and Cynthia S. Hahn, each in his and her own right
<br />} opouoeff each other
<br />oft nun o 1 ,` and State of Nebraska, party of the first pazt, hereinafter calved
<br />the Mortgagor, and The Ht;uitable 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 inconsideration of the Burn of Fifty Thousand Seven ,Huridred
<br />and no /100 -- ---- Dollars (y50,70D.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 fall and State
<br />of Nebraska, to wit:
<br />Lot Thirteen (13), LeHeights Fourth Subdivision
<br />Hall County, Nebraska.
<br />of the Sixth Principal Meridian, containing in ail - --___— acres according to Govern-
<br />ment survev:
<br />TO NAVE 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 ms tial 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 heing to con cy hereby an absolute title, in fee simple. includ-
<br />ing all rights of homestead, and other rights and interest, 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 stun of Fifty Thousand Seven Hundred
<br />and no/ 100------------------ ---------- DollarstS 500,700.00 i
<br />with interest from date at the rate of Nine anti One Half per anunti ( 9' ) per annum on
<br />the unpaid balance until paid. The said principal and interest shail he papahle at the office of The Equitable Building
<br />and Loan Association
<br />in Grand island Nebraska or at such other place as the holder of
<br />the note may designate in writing, in momSily installments of Four Hundred Twenty Six and 3l/l00 - - - --
<br />----- -- ____--- - - -�_ Dollars t5 426.31 1. co inner cingon the first dam of
<br />August . 19 S6, and on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except that five final pavinLnt of principal and interest. if not sooner paid. shall he due and
<br />payable on the first day of July, 2016 all according to the terms of a certain pronrs-
<br />sory note of even date herewith executed hp the swirl A4ortgagui _
<br />The Mortgagor in order more fill!% to protect the sacurit% of this %lortgage, agrees.
<br />1. 'ihet he will pay the indebtedness..i, hereinhefore pr�,crded Prisilege is rescrced i, pap the debt in whole, or in an
<br />amount equal to one or more monthh pop menu on the principal that are nest due on the note. on the first da} of way momh
<br />prior to maturity: Provider;, however. "that wrirlen n, lice ,.t an miention to r +.crcise such priviloce is eiven at bast ihirty i 10)
<br />days prior to prepayment.
<br />_ That, together with_ and in .,dditurn lo. the rno dilly paxmcnls of principal :end uteri pal ;,isle under the terms of the
<br />note secured herehp -. ?h c M.ntyagor will nae to ill, "I"I - fvaccc un the firsi d;o. „f r.!t:h month ;rn•ri ihr sai9 note h full i the
<br />i ollowntg mints:
<br />fa) Amouni nii 11.,!,iu ,_ . w„ . , I :,i;tf,egc in�di.en,c pretnuun- it thi>
<br />s.,. '!ic a a, - -n,u h." r,ure i. .. i7; '((t!t• cl ;airr ;m it,ri if r....
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