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<br />MORTGAGE
<br />T
<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 />06137350
<br />,THIS MORTGAGE, made and executed this 31st day of January ,A.D.
<br />14 83 ,by andbetweea Walter G. Soyren~Qn and Laura J. Sorenson, husband and wife
<br />Hall "r
<br />of [he County of ,and State of Nebraska; party of the firstpart, hereinafterealled
<br />the Mortgagor, and ,
<br />COIRIERCIAL FEDERAL SAVINGS ti LOAN ASSOCIATION
<br />a corporation organized and existing under the laws of Nebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />W ITNESSETH: That the said Mortgagor, for and in consideration of the sum of TWENTY EIGHT TAOUS-AND
<br />FIVE HUNDRED and 00/ 100 Dollars ($ 28 , 500.00. ); paid bythe Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted snd Sold and by these presents does Grant, Bar-
<br />gain, Sell. Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the foibwirrgtiesctibed
<br />real estate, situated in the County of 11a11 ,and-State
<br />of Nebraska, to wit: 401 South Alexandria, Cairo, Nebraska 68824
<br />Lots Eleven (11} and Twelve (12), Block Seventeen (17), in
<br />the Original Town of Cairo, Hall County, Nebraska.
<br />TO HAVE AND TO HOLD the premises abure described, with all the appunenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter rttached to or used in connection with said real-estate
<br />unto the Mortgagee, and to its 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 premise+: that [hey are free from encumbrance; and that the
<br />Mort~gor will warrant and defend the same against the [awful claims of sit persons whomsoever; and the said Mortgagor beer
<br />by relinquishes all rights of homestead, and all martial rights, either in law or in equity, and sit other contingent interests of the
<br />Mortgagor in and [o the above-0escribed premises, the intention being ar convey hereby snabsolute title, in fee simple, includ-
<br />ing all rights of homestead, and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the. following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or nrder, the principal sum of TWENTY EIGHT THOUSAND
<br />FIVE HUNDRED and 00/100 Ikrllarsf$ 28,500.00 ~'
<br />with interest from date at the rate uh d (1 //1M per eentum ( 12.000 ~~') Per annum tin
<br />the unpaid balance until paid. The said~~~~al ~~din[e~~tsT §tlall be payable at the office of
<br />Coma~~rcial Federal Savings fi Loan Association
<br />the note ma deli af~ttl-wm~Ptt~~~ ' . err at such other place as ifie holder of
<br />y gn mstallmentsof TWO H[7NDRED NINETY T 7/ t~
<br />Dcitlara i5 ~FtFAnrc~g o~11Re first day of
<br />p t9 , an~R~ tf~e7first day of each month dterzatter until the principal and in-
<br />terest are fully-~~t~, except that the final payrt~it of principal and interest, if nut sooner paid, shall be due and
<br />payable onthe first day of 2013 ~ all according w the terms of a certain promis-
<br />sorynote of even date herewith executi~t! said Mortgagor.
<br />The !clortgagur in order more fully io protect the security of this 61ungage, agree,.
<br />1. T`tat he wiU pay_the indebtedness, as hereinbefore provided. Privilege is reserved to ptty the deb[ in whole, or in an
<br />amuuat equal-to one or more tnonihty payments on the principal that are next due on the note, tin the first day of any month
<br />prior to maturity: Provided, however. That written notice of an imentiun to e rercise ,uch privilege i, given a[ leas[ thirty (301
<br />days prior to prepayment.
<br />:. That, together with: and in additian to, the monthly payments of principal and interest payable under the terns, of the
<br />crate secured hereby, ttte tsiortgagor will pay to the Riortgagee, on the first day of each month until the sai2t nose is ftrliy paid, the
<br />folbwing Burns:
<br />fa) Amountsuff~ieat to pruvrde tha holder hareof with tunds,tu pay the next nuutgage trtsurau,e p+wmum ri this
<br />tnatrumertt-sad tha Hula ser,:urad-hetcby ate imurad, nr a monthly c:hatge (in Lieu nj a mortgage a+suruace per
<br />tnitxmj if they are bald by the 5c~tetary of Hrutsutg and Urban Devefupnte_nt. as i,>Eiows:
<br />(1) if aru! xa long as xasd note ,af even date and thrs r!I8 t; le,gyrit arc ci~~•u;ea ,•: ,,:~ ~r,r~„+rd under the pnr
<br />Futons of the, Natwnal liuuung Act, an rxmnunt sutficu-rt to aceurmuutr :n et;~ ~:.rrnla uI the 1+uidat wtc
<br />4T;1Tk; tlf•" NF:BI`tA.~'KA
<br />r4varcer rHA2 t43h1 which miy W uaW 4nr~t /uFa'ti` ,s axtwwettat
<br />rnrta-aataat,+ls~mt
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