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-' 005690
<br />MORTGAGE
<br />This tort ,g ins to connection
<br />with mortgages insured under the
<br />one- to four-farnily
<br />•me Rider to the: Mortgage attached hereto aad exwuted of even date the National Housing Act. provisions of
<br />haitawith is incocpf=tled herein and the caiiiena ats and agseements of VE
<br />Rider shall adend and spplment the covvestants and agreements of this Mortgage.-
<br />THIS Ii1MTGAGE, made'and executed this 15th day of November A.D.
<br />19,S5 , by attd between Patrick S. Iionergan and Nancy R. Ltxlergaa, each in tuts and her own
<br />d she'CtwtKy � each other, and State of Nebraska, party of the first part. hereinafter called
<br />the tllarimm and The Equitable Building and Loan Association, 113 -115 North Locust St.,,
<br />Grand is lamd, Nebsaaka
<br />a corporation organized and existing under the laws of the State of Nebraska
<br />party of the second put. hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and inconsideration of the sum of Forty Six Titousa nd Seven
<br />Hundred 'ilea and no/100 cellars (S 46,'710.00 ). paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant. 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 />The East Twelve and Fifty Seven Hundredths (12.57) feet of
<br />Lot Twelve (12) and the West Fifty Eight and Eighty Six
<br />Hundredths (58.86) feet of Lot Eleven (11) West
<br />Spelts— Schultz Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />Of the Sixth Principal 'Meridian, containing in all -- acres according to Guvern-
<br />meni survey:
<br />TO HAVE AND TO HOLD the premises above described. with alt the appuncnances thereunto belonging and including
<br />all heating. plumhing and fighting fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br />unto the !Mortgagee. and to ds 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 ur in equity. and all Other contingent interests of the
<br />Mortgagor in and to the above- described premises. the intention being to coni," hereby an absolute title. in fee simple, includ-
<br />ing all rights of homestead. and other rights and interests as aforesaid.
<br />'
<br />rya=
<br />PROVIDED Al. W AYS, and these presents iere excculed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee. or order. the principal mum of Forty Six Thousand Seven HurxU d
<br />Ten and nta/100------- -- ---- - 114lar, is 46, 710.00 1•
<br />with interest from date at the rate of Eleven and One -Half per centuri ( 1A ► Per:mnum on
<br />the unpaid balance until paid. Tile said principal and interest shall he payable at the office of ', a FgAtable BUi Idirq
<br />and LOrn �t�anci %wad, Nebraska or at such other place as ;he holder of
<br />the stole may designate to writing, in monthly installments of F p�3t Hundred Sixty TWO and 57/100
<br />lx,llart 462.57
<br />is i. Commencing on the first day tit
<br />December . 1985 , and On the first day of each month thereafter until the principal and in-
<br />terem are fully paid, except that the final payment of principal and mterc•.t. it not sonnet vivid, shall he due and
<br />payable or the firs' day of Novieff6er, 2015 all according to the Icons of a certain promis-
<br />uwy note of even date berewilh executed by the said Mortgagor.
<br />The Mortgaq oa in order more fully ti +protect the security of this Mortgage, agree,
<br />1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, nr in an
<br />amueat equal to line ct more monthly payments on the principal that are next due on the note. on the first day of any month
<br />prior to maturity: Rovided, IkOIevcr., That written notice o; an intention it, exercise such pi I%ilege is given at kart thirty t Zttl
<br />da• s prior ta) prepayment.
<br />2. "That. toltttbet with. and in addition lo. the monthly pavnlenls of principal and inicre,t pay ahk under the lcrnnm tit the
<br />tulle secured hereby, the MIlligagor will pay to the Mortgagee, nn the first day of each month unit] the swill nole r, fully paid, the
<br />fe,tkrwing sums:
<br />vat Arrrcaunt suffkknl to piowWe file Illikki heleof with funds lee pay the next nimisiage insurance ptcnuunl if tiers
<br />inxtrunwill end the olds lecuied herchy, are Orsuled, m a moth], Charge l m lrru Of a mnflVakl' ut.v41`4011r 110'V
<br />moans! it ihey arc held by 'live Se, iviaty <,t Ifuuaarig and I limn DevelopitTant, an tlIHuws
<br />tli if awed w tint as rata nalw all $vcn dale .tnd Ihia, n, lan,l -su uc ,o a e:1 .v mt, l3 d "I the
<br />-I lht9 Veiional lJokisvip Ael, Ill null it. 'ell: t;. 4" U!!I1dl.ttc m li:c k.tlri, of 0", ttciclec . +tit'
<br />CTATa: Ur Nt9nAtiKA
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