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MORTGAGE This tort is used in connection
<br />with mortgages insured under the
<br />one- to four - family provisions of
<br />the National Housing Act.
<br />$5--x08151
<br />THIS MORTGAGE, made and executed this 12th day of December A.A.
<br />1985 ,by and between James A. Kohtz and Julie A. Kohtz, husband and wife,
<br />of the County of Hall , and State of Nebraska. party of the first part, hereinafter called
<br />the Mortgagor, and Norwest Bank Nebraska, National Association,
<br />a corporation organized and existing under the laws of United States of America
<br />party of the second part, hereinafter called the Mortgagee.
<br />WiTNESSFTH: That the said Mortgagor, for and in consideration of the sum of Forty Four Thousand Four
<br />Hundred & no /100 — — — — — — — — — — — — — Dollars tai 44,400.00 i. paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant. Ilar-
<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 Eighteen (18), Freedom Acres Subdivision, Hall County, Nebraska.
<br />The Addendum to the Mortgage attached hereto is incorporated herein and the covenants
<br />and agreements of the Addendum shall amend and supplement the covenants and agreements
<br />of this Mortgage.
<br />The Riders to the Mortgage attached hereto and executed of even date herewith is
<br />incorporated herein and the covenants and agreements of the rider shall amend and
<br />supplement the covenants and agreements to this mortgage.
<br />THIS IS A PURCHASE MONEY MORTGAGE
<br />of the Sixth Principal Meridian, containing in all City Lot aeres arwrding to Govern-
<br />ment survey.
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtcnancc, 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 />unit) the Mortgagee, and to its successors and assigns, forever. 'the Mortgagor represents to, and covenants with. the Moliga-
<br />gee. that the Mortgagor has good right to sell and convey said premises: than they are free from encumbrance: and that the
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whomsnever: 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 In cun%c.� hereto an absolute title. in fee simple, includ-
<br />it* all rights of homestead. and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the follow ing conditions, to w Wit The Mortgagor agrees to pay w the Mortgagee, or order, the principal sum of Forty Four Thousand Four
<br />Hundred & no 1l00 - -- - - - - - - - - - - Dollars l$ 44,400.00
<br />with interest Ifom date at the rate •,,I Nine & 95/100 [let LVIIIIun t 9.95 1 per annum on
<br />the unpaid balance until paid. The said principal and interest shall he payable at tilt: oNice of Norwest Bank Nebraska,
<br />National Association
<br />In Omaha, Nebraska or at such other place its the holder of
<br />the note may designate in writing, in monthly installments of Four Hundred Twenty seven & no/100 - - -
<br />- - - - - -- - - - - - - - 1H01lars iq 427 .00 I, commencing on the first day (if
<br />Fipt�, u • 14 8fj and on the first day of each month thereafter until the principal and in-
<br />terest err TUgf except the the final p1I1 h Dt of princip<al and nncrest. if not +Honer paid, shall he due and
<br />payable t)n the tint day of �anuuary, Gu��
<br />, all according to the terms "f it certain promis-
<br />sory note of even date herewith executed by tlrc said Mortgagor.
<br />'The Mortgagor in order more fully 14) protect the secunty of this Mortgage, agree,
<br />1, 'Thai he will pay the indcbledness, :ts heicinhefoic provided. Privilege Is lVst•f%CLl la pay the deht In thole. or in an
<br />amount equal to line at, more monthly payments on the principal Ihill arc nevi due kill the lit tle. on the tint dat trf any month
<br />prix to maturity Prrwided, however. 'That writlen notice of an ntlerltlort to excfcise such prlvlcge 1, gi%en .11 le;,st Ihuty 1 tilt
<br />days prirtr III prepayment.
<br />That, together with. and In addition to, the monthly paytocnis tit prmc11,a1 ,11111 tnlcrcsl pa%ablc under file terms "i the
<br />note Secured hereby, thr Morigagtro will pav of the Mortgagee. on the first dot of each mnnllf 1111111 file ,alb Willie n 111M 1,:114 Iho
<br />follow mu suns:
<br />far) Amount suffit.etif to irufvule flue huldct here "I with Rusts t" pa Ihf n et 111'.11gagE, owillnl" 1111-nuurn 11 till,
<br />n,wtrufnelrr and the n "It, sei ured hereby ;rte ithillcd. "I 1111"nthly , hnipi m tale „!
<br />flifaanlII Ihev ear held Ili tilt, SK.'tvlaf� Id II"u.tinly and f rhal, 1lcveh�Ifn1 =. nl ,1�' "Ho'k•
<br />h It .uul Jell .Intl J, I„
<br />`. 11! c11 NI f1f;dSh :i
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