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85-= 002596
<br />MORTGAGE with form is used in under the
<br />with mortgages insured under the
<br />one- to four- f$ provisions of
<br />the Notional Housing Act.
<br />THIS MORTGAGE, made and executed this 30th day of May A.D.
<br />19 85 , by and between Lyle E. Johnson and Melia D. Johnson, each in his and her Oran right
<br />and an
<br />Of y I - --- , and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and The EkpAtable Building and Loan Association, 113 -115 North La-ust 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 sum of Fort TrttD Tho
<br />na/100 -- - — Dollars 6 42,0M 00 P1 c 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 Hall and State
<br />of Nebraska, to wit:
<br />Lot Ten (10), Roes- Theaweyer Subdivision, Hall
<br />County, Nebraska.
<br />of the Sixth Principal Meridian. containing in all acres according to Govern-
<br />ment servo:
<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 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 martial rights, either in law or in equity. aind 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 ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
<br />The M tgagtN agrees to pay to the Mortgagee, or order, the principa! sum o► Fort Two ThcuSand and tID/1 --------- ---- -- -- Dollars (S 42,000.00 ).
<br />with interest from date at the rate of Twelve and One -Half per 4:C11111111 ( 12h .` ) nee annum on
<br />the unpaid balance until paid, The said principal and interest shall he payable at the office of The Equitable Bui lding and
<br />Lash AsaoeiaUm
<br />m Grp Ia land or at such of her place a% the holder of
<br />the made may designate to wrung, to mont'hty msla men s of
<br />--------------------- - ----- fktllars (5 F
<br />448. 26 ;Wd Forty Ei ht arc1 .26 /l
<br />cotnrnencmg on
<br />rst o
<br />June . 1985 , and on the first day of each month thereafter until the principal and in-
<br />forest are fully paid, except that the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on the first day of May 2A15 all according to the terms of a certain promis-
<br />sory mate (if even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage. agree,:
<br />I. That he will pay the intlebtedne %s, as hereinbeforc provided. Privilege is reserved to pay the debt in whole, or in all
<br />annotint equal to title Or mote monthly payment% on the principal that are next due on the nave, on life first day Of an% month
<br />prior to maturity: Provided, however. That written notice of an intention to exercise such privilege is given at least lhiity f!(If
<br />Joys prior to prepayment.
<br />'chat. to [bet with, .4n d in addition lo, the monthly payments of principal and interest pa} ahle untici the terms of the
<br />mote w4vureid twirrhy, the Mortgagor gill pay to the Mortgagee, otf ahe first day of each month until the soil note is fully paid, the
<br />rolUmwing sums:
<br />lap Aamt,cuni sutfficlent to provide life holder hereof with funds to pay the next illmigatle Insurance prensmnt it llus
<br />itlstrun of and tote note secured hetchy are insured, or a monthly charge lrrt IRV -11 ,J nr,rrre r lnsttrrrnrT frrl°
<br />mium1 it they etc ileid by thr'ecretary 44 Ilmusng and I Irhan Pevelopoxvm ;is tulh>ws
<br />01 11 srt,l 4'' Ling, as mid mute ul :aen date anti 0114 lnsl;lrincor a+r 1mulr,l "I air lrntxulcd nrnhv the hnl
<br />viuon4 �-1 tict, Sit hliml Houstux Act, an amlumnl ,uttic:o,ni t,1 A- ,011llsiatr 111 1ifs• 1lancls,,I the I-hlet tale
<br />STArt Of NtnnASKA
<br />1V tT
<br />Fi?y;5#Afi,bR r ttA 714,1M, $$$•'c �4 t- atl U,qd S,kplP;, 1 1 .11
<br />
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