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<br />Phis form is used in connee-
<br />tion with mortgages insured
<br />MORTGAGE under the one- to four-family
<br />provisions of the National
<br />~,~--S3U~5~'~ HousingAet.
<br />THiS M(3RT`GAGE, made and executed this 2nd daq of February ,A.D.
<br />t9 B~ ,by and between Steven R. Grams and.-Nancy A. Gratns, husband and wife
<br />of the Cotinry"of Hall ,and State of Nebraska, parry of the' first part, hereinafter called
<br />the Mongegor:and " Cottmmexcial National Bank . & Trust Company ; , .Grand Islatid, Nebraska
<br />acorporation orgariizedand existing under the laws of the State• of Nebraska ~ ,
<br />party bf the second parr hereinafter caite`d the Mortgagee,
<br />W[TNESSETH: That the said Mortgagor: for and in consideration of the sum of Forty Six thousand' Six,
<br />Hundred and IdoI100------------------------------ Caltars ($ 46; 600.00 ), Paid by the Mon-
<br />gageez ttie receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar-
<br />gain,-Belt, Convey and Confirm -unto the Mortgagee, its successors and assigns, forever, th8 following-described
<br />t~eaf estate, situated in [he County of -Hall ,and State
<br />of Nebraska, to wit:
<br />The East Seventy One and Forty Two Htmdredths Feet E71.42' of Lot Seven (7)
<br />in West Spelts Schultz Addition to the City of Grand Island Hall County,
<br />Nebraska.
<br />I'll tf,AV E ANC TG NOLC the premises atxtve deuritsed, witty al! the appurtenances thereumo belonging and including
<br />all heating, plumbingand {ightingfixture,und equipment now or hereatter attached to or used in connection with said real estate
<br />unto the Mortgagee, and to its successors and assigns, forever. "[lte Mortgagor represents to, and covenants with, ttte Motiga-
<br />gee, that the Aortgagor has gaud right tic sell and amvey said premises; that they are free from encumbrance; and that-the
<br />Mortgagor wilt warrant and defend the same against the lawful claims of all persons whomsoeverand the said Mortgagor here-
<br />by relinquishes alt rights of homestead, and alt martial rights, either in law or in equity, and all other contingent interests of the
<br />Mortgagor in and to the alwve-described premises, the intention being to convey heretsy an abiofute title, in fee simple, includ-
<br />ingallrights of homestead, and other rights and interests as aforesaid.
<br />PROVICEC ALWAYS, and these presents are rxecuted and delivered upon the following conditions, W wit:
<br />.The Mortgagor agues to pay to the !4longagee, ur order, the principal sum of Forty six thousand six bun-
<br />dyed, and Not 100--°--^-°-----------^--°°-----Collars (S 46 x 600.00 ),
<br />with interest from date at the rate o; Thirteen and 1251100---- ~r ~entum ( 13.125 Y) per annum on
<br />the unpaid balance until paid. Tire said principal and interest shall be payable at the office of Catittaereial National Bank
<br />& Trust" Co. in Grand Island, Nebraska , or xt such other place as the holder of
<br />the note map designate in writing, in monthly installments of Five Hundred Twenty and 06/100------------
<br />_____.,,.____^__~______,~_____ Cotlars (~ 520.06 ), commencingon the first day of
<br />taarch , !4 B3, and on the first day ut each month thereafter until the principal and in-
<br />terest are fully paid, cxeept that the final payment of primcipal and interest, if oat sooner paid, shad be due and
<br />payable on the tint day of February , 201~3r}} accordingto the termx of a certain prnmis-
<br />sorynote eleven date herewith executed by the said Mortgagor.
<br />'the 'dtirtgagot in wder nrurc fatly to protect the iecurity of this Mortgage, agrees:
<br />of the Sixth Rincipal Meridian, containing in art
<br />meat survey:
<br />acres accordingto Govern-
<br />i. "fttat-tic"wilt-pay theitidebiedness. as hereiithefpre provided. Privilege is reserved to pay the debt in whore, or in an
<br />amount er(ual,tti cme air mwe monthly payments entire principal that art next due on the note, on the Cyst day of any month
<br />prior to maturity; ic'ravided, however, l~tiat written notice of an intention to exercise such privilege is given at least thirty fi0)
<br />days prior fuprepayment.
<br />2. 'that, urgether with, and in udditwn tu, the monthly payments,vf pntteipal and interest payable under the terms o£ the
<br />ruxe sacwred Ittrctfy, the 3lartgagor wiltpay m the \icutgagee, un the first day of each mapth until the saifl note is fully paid, the
<br />fol3pittifgt ~uni4: - -
<br />(al Antount~ strfficieni ter prs±vidrt tlto bolder Irerenf with furxfs to pay the nr_+tt mortgage Insurance prenuum if this
<br />rnstrurtmtt ars4 the irate cured haratry are insured, car a monthly eharye tin Idea of a rnrrrt~e irtsumnce pre•
<br />m#ytrt 3: tf rliey ,~tre field tsy "tote -Seetet~ry c,f' flouslrt}t and l,trlaan fk.velirpinent, as follows: -
<br />
<br />ttl tP artd sF, ttxtg as soul rtaste`. i>1 rvrtr tiara and tfus instrurrnat art; msuced or art rernsured under the pr?-
<br />v6iions-of the 14aNceral tf~ntsirtg Act,-anrg:msttint satffint to ae~umulate in the hands v£~ tha htrltler rate
<br />rtiPtat n t cs ~,r'tt:r~twn.tw +nYS Sew u.M3 extrtFt sury.2Y a nXt. r~tEe3sA(€
<br />`77'ATE4Jf' Nf~ittitA.'iKA,
<br />rtt3U~n?rd3M t~~191
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