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<br />MORTGAGE
<br />51476-1-20
<br />This form is used in connec-
<br />tion with mortgages insured
<br />under the one- to four-family
<br />provisions of the National
<br />Housing Act.
<br />~' ~~'.
<br />TH[5 MGRTGAGE, made and executed this 26t11~ ay of January ,A.D.
<br />19 $3 ,byandbetween James Scatt Zana and Reba Gail Stafford Zana, husband and wife,
<br />joinCly and each in thei own riggt
<br />of the Cuun#y of Fla! l ,and State of Nebraska, party of the~irst part, hereinafter called
<br />the Mortgagor, and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN ,
<br />acurparationorganizedandexistingunderthelawsof The lfn%ted States o€ America
<br />party of the second part, hereinafter carted the Mortgagee,
<br />WLTNESSETH: That the said Mortgagor-for and in consideration of the sum of Forty Six Thousand Six Hundred and .
<br />00/100 Doitars ($ 46600.00. ), paidbythe Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, $ar-
<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 />let seven (7) in Block One (1) in Ctamis subdivisi-an,
<br />an Addition to the city of Grand Island, Hall eotatty,
<br />Nebraska.
<br />of the Sixth Principal~teridian.amtaininginait city property acresaceordingtoGovern-
<br />mentst:rvev:
<br />TO HAVE :AND Tt) }1t:iLt) the premise. abovr described, with ail the appurtenances thereunto belonging and including
<br />alt heating, plumbing and fighting fixtures and equipment now nr hzreafter attaehed r. or used in wnnection with said rent estate
<br />unto the hortgagee, and to its successors and assigns, forever. 'rhe Mortgagor represents ta. and zovenants with, the M~rtga-
<br />gee, fiat the Mortgagar has gaod right to sett and c.:rvey said premises; that they are free from eneum6rance; and that the
<br />Mortgagor will warrant and defend the same against the lawful claim. of all persons whomsoever: and the said Mortgagor here-
<br />by relinquishes alt rights of homestead, and alt martini rrghts, either m law er in ryuity, and all other conringent interests of the
<br />tortgagor in and to the abave-described premises, ihr itention being to zonvey hereby an absolute title, in fee simple, includ-
<br />ingal) rights of homestead, and other rights and interests as afaresaid_
<br />PROVIDED:ILN`AYS. and these presents are executed and delivered upon [he folluwingconditions, to wit:
<br />'Che Mongagur agrees to p<ry [o the Mortgagee, or order, the principal sum of Forty Six Thousand Six Hundred and
<br />00!100 EkrltanlS 46600.00 ),
<br />.eith interest from date xt the rate of Twelve per centum ( 12.000 ~,}per annum on
<br />the unpaid balance until paid.'1'ite said principal and interest shall he payable at the office of First Federal Savings
<br />and Loan Association of Lincoln
<br />in Lingo ln, Nebraska . or at such other place as the holder of
<br />thenate:vaydesignateinwriting,inmunthlyinstatimentsuf :our Hundred Seventy ;line and 511100
<br />lbllars t3 4179, 51 {, eomtnencing on the first day of
<br />March 19 33 and on the first day of each month thereafter until the principsi and in-
<br />terest are fatly paid. exe:ept that the final payment of primipal and interest, if not sooner paid, shall be due and
<br />payable un the first day of February , 2013 all according to the terms of a certain promis-
<br />sorg-rrote of evendaie herewith executed by the said Mortgagor.
<br />The;vfurtgagor in order more fully to protect the security of this Mortgage. agrees:
<br />i• That he wtiH tray the indsbtedness, as hercinbrfore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount ecit#al tocttre ur more mun#hiy payments un thr principal that are neat due on the note, on the first day of any month
<br />praar to tnaturity: frruvidad, hawrver, That written rtuttce of an invention to exercise such privilege is given at least thirty t3(1)
<br />days prior W prepayment.
<br />- T2tat, tether xvith. ~rtd in addition to, the martthly payments of principal and interest payable under the terms of the
<br />note secured herelty. tfte Mnrtgagor wilt pay to the Mtxtgagee, on the first day of each month until the saiU Hate is fully paid, the
<br />follotairtyt sttras:
<br />(al Atttount•~arffteitrnt in-ptvvida the holdox hetunf with futrds tc~ pay the next ntnrtgage insuranrr pretnittnt if this
<br />instrument s~ the note sacutenl heroby are fn~trcd, or a monthly charge tin tirsr of a rrtrrr{egrre inscrrrutce fvr
<br />ntitrr+#/ if they are ttald 6y the Sccatary of Ilottsfng attd urban [~vefuptttent, as 1"c>ilows:
<br />11) ff znd ttx lctrgt as ,taut titre taf cvrn date and th~r instrument ate insured err are reinsured under tfrn pnr-
<br />vivastts rsl Ilse ;#a#iurttd-Housing Aet. an atirrnsnt wif'scient ttr accumulate rn the hands ul the holder one
<br />mss xrt a.Y t+t3at wh+tt! n,w se r+..x# u*rta a~+npty +..,~t,~stas 4TATF i1F \i?f#t1A.5IwAA
<br />woo-set aatn is-mt
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