|
MORTGAGE This form is uud in condor "n
<br />with mortpipw'Inrund 4rtdar lhr'
<br />86— x.05473 the to truil oust Provisions Or
<br />the �tta,Nt Housing /lets
<br />THIS MORTGAGE, made and executed this 29th day of SEPTEMBER A.D. ,
<br />19 86 , by and between LARRY L. ANDERSON AND ROXIE S. ANDERSON, HUSBAND AND WIFE
<br />of the countyof HALL and State of Nebraska, party of the first part, her..irwfter called
<br />the Mortgagor, and
<br />NORWEST BANK NEBRASKA. NATIONAL ASSOCIATION
<br />a corporation organized and existing under the laws of THE UNITED STATES OF AMERICA
<br />party of the second part. hereinafter cL!led the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of FIFTY THOUSAND ONE HUNDRED
<br />FIFTY AND 00/ 100ths------------------ --- --- f)ollars ($ 50.150.00 ), paid by the Mort-
<br />gagee, the receipt of which is hereby ackrouledgea, 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 HALL and State
<br />of Nebraska, to wit:
<br />LOT SEVEN (7), ROSS HEIGHTS SECOND SUBDIVISION, IN HALL COUNTY, NEBRASKA-
<br />THE RIDERS TO THE MORTGAGE ATTACHED HERETO AND EXECUTED OF EVEN DATE HEREWITH
<br />ARE INCORPORATED HEREIN AND THE COVENANTS AND AGREEMENTS OF THE RIDERS SHALL AMEND
<br />AND SUPPLEMENT THE COVENANTS AND AGREEMENTS TO THIS MORTGAGE.
<br />THIS IS A PURCHASE MONEY MORTGAGE.
<br />of the Sixth Principal Meridian, ;:ontatmng in all city lot acres according to Govern-
<br />ment survev:
<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 convev 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 —ind other rights and interests as aforesaid.
<br />PROVIDED At WAYS. and these presents are executed and delivered upon the follow mg conditions, to wit
<br />The Mortgagor agrees to pay to the Mortgagee. or order. the principal sum of FIFTY THOUSAND ONE HUNDRED
<br />FIFTY AND 00/ 100ths ---------------------- 411,41arstc 50,150.00 t
<br />with interest ftom date at the rate of TEN AND 00 /1000 - - - - -- -per centum ( 10.000 ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall he payable at the office of NORWEST BANK NEBRASKA,
<br />NATIONAL ASSpp Ip
<br />to G ILAND, NEBRASKA , ur at such other place as the holder of
<br />the note may designate in x ming. in monthly installments of FOUR HUNDRED FORTY AND 11 / 100THS-----------
<br />--------------------- Dollars (,.k 440. 1I 1, commencing on the first day of
<br />NOVEMBER . 19 86 , and on the first dap of each month thereafter until the principal and in-
<br />terest are fully paid, except that the final payment of principal end interest. if not sooner paid. %hail be due and
<br />payable on the first day of OCTOBER 2016 all according to the terms of a certain pronI
<br />sore note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor m order more fully to protect the security of thk Mortgage. agree%
<br />i. that he will pa) the indehtednrs%. as hcremheforc provided Rt%ilegc is reserved to pa;, the debt in whole, of to an
<br />amount equal to one or mire monthiv payments on the principal that are nett due on the note. on the fiat day of any month
<br />prior to maturity. Provided, however. That written notice of an intention to exercise such prixtlege is given at least tttuIN (it))
<br />days prior to prepayment
<br />2 That, together with, and in addition to, the monthly payments of principal and mieresi payable under the terms of the
<br />rk)te secured hereby, the Mortgagor will pay to the %lortgagce, on the first day of each month unid the %aitl note t% fulh pai& the
<br />following sums
<br />(a) Amount xutticie•nt 1,, p ,,,ide the holder lie« of with funds ; , pay he nest m.atcagc utsuiam, p,cou.uu it Ihn
<br />101%J Ffr)Cni and the ncnc secured hert•h% are insured. ,rf a '111011% ;ha!ea• vin hru of a nu,rrta.e' rnsurlri. fir(.
<br />,murfi f it they aa, held by the SCttr baby ,:,f Housmk and ('than Ih-Vfit�pflwrlt .1: ""!lows'
<br />iii if and s,, inng .% %aal mite of even date .ald this tmtnlmew .l(c in,mol „i am dw J. ,
<br />.tswnx ;,f flic `'alwnal lb .1sing Art an a1714MM sutb:itrnl <<, i...rtllalut 1 . r r'r .I•...i ?h - _ I
<br />' Sr Alr (1r NrnRANkA
<br />rNq P-,e, P PIA 7 1JM Wl° _r %n #6 trw SkPfl �,1n••: �u+rif.�y ,+ r: •h. «,es t!ni a , .< �
<br />
|