|
86', 407367
<br />MORTGAGE This form is used in connection
<br />with mortgages insured under the
<br />one- to four - family provisions of
<br />321 - 1128911 -203 the National Housing Act.
<br />THIS MORTGAGE, made and executed this 23rd day of December A.D.
<br />19 86 by and between Janelle V. Knudsen
<br />of the County of Hall and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor; and
<br />Occidental /Nebraska Federal Savings Sank
<br />a corporation organized and existin? under the haws 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 of Forty Two Thousand
<br />_______ __ Dollars ($ q n ), paid by the
<br />Thirty give and n /. 00------------------ --iQGtSe�Ti g
<br />Mortgagee, the rtxenpt of wnic� is hereby acknowledged, has Granted and Sold and by these pre rant, Bargain,
<br />Sell, Convey and Confirm unto the Mortgagee. its successors and assigns, forever, the following- described real estate, situated
<br />in the County of Hall and State
<br />of Nebraska, to wit-.
<br />Lot Twenty —Four (24), Western Heights Third Subdivision, Hall County, Nebraska.
<br />of the Sixth Principal Meridian, containing in all acres according to
<br />Government survey:
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and
<br />including all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with
<br />said real estate unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants
<br />with, the Mortgagee, that the Mortgagor has good right to sell and convey said premises; that they are free from
<br />encumbrance; and that the Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever:
<br />and the said Mortgagor hereby relinquishes all rights of homestead, and all martial rights, either in law or in equity, and all
<br />other contingent interests of the Mortgagor in and to the above - described premises, the intention being to co.tvey hereby an
<br />absolute title, in fee simple, including 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 rt Tt+o Thousand Thirty
<br />Five and no/ 100-------------------------------------------- f]�flarsy(S 42035.00 h
<br />with interest from date at the rate of ven and o C halg per centum( T. 50(js)per annum on
<br />the unpaid balance until paid. The said princip2m interest shad be payable at the office of
<br />in Qceidental /Nebraska Federal Savings Bank • or at such other place as the holder of
<br />the note may designate ft me jM4nstalltttents of
<br />'6• Two Hundred Ninety Three and 92/lOQ -----
<br />--------------------------------------- Dollars (S 29qq 9? ), commencing on the first day of
<br />. 19 VW re o the first day of each month thereafter until the principal and
<br />except interest/Igbleiigid, expt that the final payment of pal and interest, if not sooner paid, shall be due and payable on
<br />the first day of January , 2017 all according to the terms of a certain promissory
<br />now of even date herewith executed by the said Mortgagor.
<br />The Mottgttgor in order more fully to protect the wurity of this Mortgage, agrees:
<br />1. That he will pay the ind0tedness, as herembefore provided. PRIVILEGE IS RESERVED TO PAY THE. DI IT
<br />IN WHOLE OR IN PART, ON ANY INSTALLMENT DUE DATE_
<br />'., That, together with, and in aikf tiam to. the monthly payments of principal and interest payable under the term, W
<br />the not€ wQwvd hvirby, the Martgagror will pay to the Mortgagee, on the first day of each month umii the raid note i, tall,
<br />paid, the foMswing sums:
<br />
|