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<br />02-26-48580 This form is used in connec-
<br />} lion with mortgages insured
<br />~} ~~yy ~ MORTGAGE under the one- to four-family
<br />8J<~~~~'3c~'-= provisions of the National
<br />Housing Act.
<br />'ffflS hfOR3'GAGE, made and executed this 25th day of January ,A.D.
<br />1§ $3 ,bysndbetwetn Larrq I3: Keown and Marcia A, Keown; husband-and wife-
<br />ofthe L'irunty of Hah ,and State of Nebraska, party of the first pazt, hereirrefter called
<br />theMoiYgagorand 'The Richard Gi11 Company ,
<br />a corporatiorrorganized and existing under the laws of the state of Texas ,
<br />party of theseeond part, hereinafter called the Mortgagee,
<br />WITNESSETN: That the said Mortgagar, for-and inconsideration of the sum of Thirty Eight Thousand and
<br />OOJ100ths---------------- ---_---------- Dollars (S 3$,000.00 ),paidbytheMort-
<br />aagee; the -receipt of which- is hereby acknowledged, has Granted and Sold and by these presents door Grath, Bar-
<br />gain: Sett: Convey-and Confirm -unto the Mortgagee, its successors and assigns, forever, the following-described
<br />teat estate, situated in the County of Hail ,and State
<br />of Nebraska, to wit:
<br />Lot Four (4) Block One Hundred Twenty Four {124) Union Pacific Railway
<br />Companprs Second Addition to the City of Grand Island, Hall Gottnty,
<br />Nebraska.
<br />Property Address: 323 w. 8th St.
<br />Grand Island, NE. 68801
<br />of the Sixth Principal Meridian, containing in at1 city property
<br />mentsurvey:
<br />acres according to Govern-
<br />TO HAVE AND TO HQLD the premises above described, with alt the appurtenances thereunto belonging and including
<br />a!1 heating, plumbing and lighting fixtures and equipment now or hereafter attached to ur used in connection with said real estate
<br />unto the Mortgagee, and to its succeswrs and assigns, forever. The Mortgagor represents to, and covenants with, the Mortga-
<br />gee, that the Mortgagor has goad right to sell and convey said premises; that they are free from encumbrance; and that the
<br />Mortgagor-wilt warrant atx! defend the same against the lawful claims of a!t persons whomsoever; and the said Mortgagor here-
<br />by relioyuishes all rights of homestead, and all mtutial rights, either in law or in equity, and all other contitrgent interests of the
<br />Mortgagor in and to the above-described premises. the inteniitm bung to convey hereby an absolute title, in fee simple, in~lud-
<br />iug al4 rights of homestead, and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed taxi delivered upon the fallowing conditions, ro wit:
<br />The Mortgagor agrees to pay to the Mtartgagee, ur order, the principal sum of Thirty Eight Thousand and
<br />OOJl00ths-------~-------------------- ----(kittarst5 38,000.00 t,
<br />with interest From dale at the rate of Twelve per ~~entum { 12.00 46}per annum on
<br />the unpaid balance anti! paid. The said primipal amt interest shall be payable at the office of The Richard G311
<br />CotttpaAy in Sea Antonio, Texas , or xt such other pplace as the holder of
<br />the note may designate is writing; in monthly installments of Three Hundred Ninety and 87(100ths----
<br />..,..,...,. ~.4,.._._.. _w __ dollars t5 340.87 ). commencing on the first day of
<br />terest ate full March ' 19 83 ° and on the first day of each month thereafter unfit the principal and in-
<br />y paid, except that the final payment of prim:ipat and interest, if not sooner paid, shall be due and
<br />payable on the first day of February, 2013 ;all according to the terms of acertain promis-
<br />soty mate o(evtn daft htrewith executed by the said Mortgagor.
<br />Tht: Mortgttgtu is order tirore fully to pratrct the security of ibis Mortgage, agrees:
<br />i. Tdaf he w~ fesy ilta-ittdebiedttess, as htrtinbefore provided, l'tivilege is reserved to pay the debt in whole, or in an
<br />atAOUnt tigttaf to oae or more tnontldy payments un the principal that are next due on tht note, on the first day of any month
<br />priauto root~ity; l3tisids:d, however, That written notice of an intention to exercise such privilege is given at leas! thirty t30)
<br />days Poor to prtpaytRegf.
<br />2. Thy, tq{pthoc with, and in addition to, the monthly payments of prim:ipal and interest payable under the tams of the
<br />ttttJe ~ctirediateby: iheMortRy$or will pay to the Mwtgagcec, utt the firs) day of each month until the saitl note is fully paid, the
<br />faf~wx~sums;
<br />(tt) Nnttttwtt wf}tt~ttt tar provado the.holder liateuf with furx4s to pay the next mortgage insurtmea pr$mium d'this
<br />tnaatut»nt and ter ttott? a~nttad hereby are irtttt~ rar a nxutthly c~itarge (fn lice rxj a rmxt~yt inarrunet ftre-
<br />ttti~r f tf ~ftey era' held by the Secretary of dousing ttnd Urban DrveloPrrtent, as follows:
<br />[2) if r sw ten$ ire raid its crf evpt aaie amt tjtis irtttruire~r:`c ate ;.,r:tre:f r~ ere rainsuraf un•.'.,r the,..e>-
<br />icit of t1t~ tNtttional fda€tuittlk Ant, an etntatt tt aufl3~rnt to ax.-i untulatt rn the ftattds c>i the budder cme
<br />rr4A-2tt rted, earn ~ uo4a w4+PtY it a~iwtsi«a :s'P`ATk t}F N. E;FRI?.4SIlri
<br />- ttUn~92t41M l$-r8i
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