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<br />05110 ----
<br />This term it used connection
<br />_
<br />MORTGAGE (1�
<br />AYlwll 1lit�ii
<br />re
<br />with mortgages insurod under the
<br />one• to four -unity provisions of
<br />_ ,he National Housing Act. -
<br />- -
<br />w. THIS MORTGAGE, made and executed this 5th day of September A�D•
<br />19 86.byandbetween Stanley L. Scheer and Laurie J. Scheer, Husband and Wife
<br />of the County of Hall and State of Nebraska. party of the first part, hereinafter called
<br />the Mortgagor, and FirsTier Mortgage Co.
<br />a corporation organized and existing under the laws of Nebraska
<br />patty of the recond part. hereinafter called the Mortgagee.
<br />4YITNESSETH_ That the said Mortgagor, for and in consideration of the sum of F'arty- Five - Thousand Five
<br />Hundred Fifty and no /100-- _�_.��_ __��:�� ogars(S 45.550.00 ).paidbytheMert-
<br />gage�e, the receipt of which is hereby acknowledged. has Csranted and Sold and by these presents does Grafts. Bar-
<br />pin, 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 Seven (7), in Jack Voss Subdivision, being a part of the West Half
<br />of the Southwest'Ouarter (W%SWh) of Section Two (7), in Township Eleven
<br />(11) North, Range Tea (10) !West of the 66h P.M., Hall County, Nebraska.
<br />The Rider to this wlbrtgage Attached hereto and executed of even date herewith is
<br />incorporated herein and the cotenants and agreements of this rider shall amend and
<br />supplement the covenants of this mortgage.
<br />fio
<br />at
<br />Of the Sixth Principal Meridian. containing in all acres according to Govern-
<br />ment survet:
<br />TO HAVE AND TO HOLD the premises above describctt, with all the appurtenances thereuntobelonging and including
<br />all heating, piumbing 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 �ucccssors and assigns, forever. The Mortgagor represents to, and covenants - with, the Monp-
<br />gee. that the Mortgagor has good right to sell and convey said premises-. that they am free from encumbrance; and that the
<br />Mortgagor will warrant and defend the same against the lawful claims of all +ersuns whomsoever; ancf the said Mortgagor here-
<br />by relinquishes ali fights of homestead. and all martial rights: either in law or in equity. and all other contingent interests tai the'
<br />t ;;
<br />Mortgagor in and to the above - described premises, the intention being to c_on%cy hereby_ an absolute title, in fee simple„ includ-
<br />ingall rights of homestead. and other fights and .interests as aforesaid-
<br />;.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay ro the Mortgagee, or order, the principal sum of Forty —Five .Thousand Five
<br />Hundred Fifty and no/ 100-------------------- Oallarsh 45,550.00
<br />with interest fiom dare at the rate of Kline and One —Half pef,'entum ( 9.5 `+ l per annum on
<br />the unpaid balance until paid. The said principal and interest shall he payable at the office of FirsT.ier Mortgage Co .
<br />in 8712 W. Dodge Rd., Omaha, NE 68114 -3494 tit at such other place as { older of
<br />the note may designate in writing. in monthly installments of Three Hundred Eighty Three and �I 100- -
<br />Dollars tS 383.0 i i; commencing on the first dad` of
<br />November 1 . 19 86. and on the first -day ofeach m onrh thereafter until the principal and in-
<br />[crest are fully paid,, except that the final payment of principal and interest. if not sooner paid. shall be due and
<br />payablc •an the first day of October 1 2016 : all according to the terms of a certain promis-
<br />sory mote of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage rgtces Is
<br />1, That he will pay the itafehic -mess, as here—. her—it ,....vim 1"f :s r'� ._.. r.? �rf,.� , ..�.,3
<br />t due + �Priv_lege is reserved to pay the debt, in whole Or In part, On anY
<br />a �o�yptlur witb,�it 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, (in the first day of each month until the saitl note is fully paid. the
<br />following surrs:
<br />(a) Amount sufficient to.ptuvidc the holder hefeol' with funds to pay file next lnorttyage insurance premium if tills
<br />instrument and the note secured bench)^ are insured, car a monthly e-hatge iirt first of a nnrrrgaee insurvitre Fire 1'
<br />atiturn) if they arc held by the Sarctary of Housing and Urban Devel p mom, as follows:
<br />(l) It and so long as said near- of even (late and this instru'nieut ate insnted in are ivinsurcal untlet the t)ns-,- ; -
<br />vistom ter rite Natonal Iloosnry Act, an amount suf6000 tut a.,umul;itr to the hanck st the hoidel oiw
<br />STAtt Of NEBRASKA -
<br />tririt n2143M rs 70t
<br />_ r4ML+*—,.y PHA-114,00, V4114:i, May iHa 5.h w:$ 7)rrt,s .`�tttit: dy it 1W .,..+,,
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