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O� i V �V Thls form is used in under the
<br />with mortgages Insured under tof
<br />one- to four - faintly provisions of
<br />the National Housing Act.
<br />- 002484
<br />THIS MORTGAGE, made and executed this 221x1 day of May A.D.
<br />19 85 by and between Richard Lie Prue and Mary L. Price, each in his and her own right
<br />e nW09UftHg 1 other, and State of Nebraska, party of the first part, hereinafter called
<br />the Mortppr. The Equitable Building and Loan Association, 113 -115 North Locust St.,
<br />Graol Island, Nebraska
<br />a corporation organized and existing under the laws of State of Nebraska
<br />' party of the second Mart. hereinafter called the Mortgagee,
<br />i
<br />WITN&SSETH: That the said Mortgagor, for and"in consideration of the sum of Twenty Six Thousand Fuse
<br />Hundred and no/100 Dollars ( �6 50� 00 1. paid by the Mort-
<br />gag". the receipt of which is hereby aeknowlcdged, has Granted and Sold an dy t ese presents does Grant, Bar-
<br />Shin, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following- described
<br />real estate, situated in the County of Ha 11 and State
<br />of Nebraska, to wit:
<br />Lot Eight (8) in Block Sixty —three (63) in WI- eler & Bennett's
<br />addition to the City of grand Island, Hall County, Nebraska.
<br />of the Sixth Principal Meridian, containing, in all a.:res according to Govern -
<br />rascnt survcs:
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbingand lighting fixture~ anti equipment now or hereafter attached to or used in connection with said real estate
<br />untothe Mortgagee. and to its successors and assigns, forever. The Mortgagor represents Ill, and covenants with, the Mort)ta-
<br />gce, that the Mortgagor has good right to .ell 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 rehrufstishes all rights of homestead, and all martial rights. either in law ar 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, and other rights and interests as aforesaid.
<br />PROVIDED .Al.W AYS, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay hs the Mortgagee, or order. the principal slant of Twenty Six Thousand Five Hundred
<br />and no /100— i)"lars t5 1,
<br />26,500.00
<br />with interest from date at the rate ill '.Afelw and One —Half pet ,Callum t 1261 t per annum on
<br />the unpaid balance until paid. The said principal and interest shall he payable at the office of The Bquitab le Building
<br />and Li an Asscciatifxt
<br />in Grated Island Nebr iska or at such other place a% the holder of
<br />the taste may designate in writing, in monifily inua menu of TWO Hurri-Ittd Eighty Two and 83/100 ---- --
<br />--- Dollars 1$ 282,83 1, coimnenciny, on the first day of
<br />June • 11► 85, ;laid on the title day of each month thereafter until the principal and in-
<br />teresl are fully paid, except that the final payment of principal and Interest, if not %t-foricr paid, shall ire duc and
<br />payee on the first day of May , 2015 all according to the term% of a certain praunis-
<br />sary taste of cvcn date herewith executed by the said Mortgagor.
<br />The MWmigalger in order traffic fully to prolect the security of this Mortgage. aurccs:
<br />i. 'that he ai#t pay the indebledncss, as heretnbeforc provided. 1'rivilege is reservcd to pay the debt in which., or 111 an
<br />anta,mist equal to one or traffic monthly payment«, on the principal Thal are nem due on the note, on the lust (tits of any month
<br />fritr to maturity: f'rovitfird. Iaawever. That written notice of an intention to excrci%e such pritilege is given at least thirty 1 ill)
<br />dayti praar to prepayment.
<br />a
<br />d TTf, together With, :+nd in «asedeti<+s, to, the nannthly )+;as'rncnts alt principal and interrar ) +ayat.le tinder the terrn> of flat-
<br />me vecfated licareby, the Mamigagor will pat ao the Mortgagee, nn the first day of each month lintll the said note I, fully raid. the
<br />folltwing sum %:
<br />gal Ata "Ill. iiatlKleall lit tuovtde lire h,Ader lleteof Willi hinds I,, pay fife 110x1 Inurtgaaye Lrfsulanrr tvcnusun it IIII,
<br />atsit"Ifeent 44141 the n „I.0 ~Rimed liefvhy art` IlfsalC'.fl. -Ir :f Ii it,llllik, 'Ilalpw !to flt'L( r,I iJ 7'!/,7lAt#, a' iti,vilfan", ;`3f, rfradiff)i li fifty d+e held Iry 11w 1W.lcwl'y ul ld,114511ap road k;'>hau Ili vralnt,ruent, as ala4htws. ,
<br />I l) If anal ;oTIV 'i, "aid note „f Cvrlt dale sal i t)tax fHlr' *wli,'ni ;nr 1:11 u; r,7 , I ate •rlan,irr :i nnd,'l the' f'l,,.
<br />- vrsa,ur& Eel tltc, fai It mNlelrf LCI. Ail amnunt u? h, will t„ �I, :, 41110111E M Ou 11,allcl ^. ,'1 h, I A dvl ,yl,
<br />StAll tit nitnnANKA
<br />rte. reta.�a Q eat 14,00 Mr, ivtanp 4fa- y.i t<�n,l
<br />
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