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<br />MORTGAGE
<br />This farm 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 />TFTfSMffRTGAGE;madeandexeetited-this- 2nd day of February ,A:D.
<br />l4 83 , by and bct}vean 8teuert R: Grams and Nancy A. Grams, husband and wife
<br />ofthe Cottntyof Ha11 ' ,and State of Nebraska, party of the first. part, hereinafter called
<br />the Mnrtgagor,'and "
<br />Cottimerei:al National. -Sank & Trust Co. ,
<br />a etrrp~ationDrgattized'and ezistiag under thi;iaws of Ne#araska ,
<br />pattY'of the second-part; hereinafter-called the-Mortgagee,
<br />~VTTNESSETHrTtiat the said Mortgagor: for and in consideration of the sum of Forty-Six Thousand- Six Hundred
<br />and-NaJ100------------------------°-------------.Dollars (S 46, 600.00 ), Paid by the Mort-
<br />gagee;--the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Barv
<br />gain; Sett, Convey and confirm- unto- the Mortgagee, its successors and assigns, forever, the following-described.
<br />rest estate; sitiuated in the County of Hall ,and-State
<br />of Nebraska, to wit:
<br />East Seventy One and Forty Tea Hundredths Feet (E71.42') o£ Lot. Seven (7)
<br />in West Spelts-Schultz Addition to the City of Grand Island, Hall County,
<br />Nebraska:
<br />of the Sixth PrincipaE Meridian, containing in all
<br />meat rurvey:
<br />acres acenrding to Govern-
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto betongittg •and indnding
<br />all heating~pitimbingand lightingfixtures surf equipment now or hereafter attached [o or used in connee lion with said real estate
<br />unto the Mi3itgagee, soil to its successors and assigns, forever. The Mortgagor represents to, and covenants with, the ?/fortga-
<br />gee, that the Mortgagor has good right fo sell and convey said premises; that they are free from encumbrance; and that the
<br />Mortgagor will warrant seat defend the same against the tawfut claims of alt persons whomsoever; and the said Mortgagor here-
<br />bysefinquishes aA rights of homestead, and aft martin( rights, either in taw or in equity, and all other contingent interests of the
<br />Moctgagorin audio-the above,deseribed premises, the intention being to convey hereby an absolute title, in fee simple, inctud-
<br />ingat{ rights of homestead, and ether rights and interests as aforesaid.
<br />PROV1IS8D ALWAYS, and these presents are executed and delivered upon the fo~lowingc~nditions, to wit:.
<br />The Mortgagor agrees to pay to the Mortgagee, or Dreier, the principal sum of Forty Six Thousand Six Hundred
<br />and;Nal100----------------,_.._______---___~--- Dollars t8 46.600.00 ),
<br />with mutest from data at the rate of Thirteen and 125j1000----pet ecotone ( 13.125 5"i.) per amrum c+n
<br />the unpaid balance until paid. The said principal and interest shall be payable at the atfice of Cotttmercial National .Bank
<br />and Trust Ciampany
<br />:n Grand Island, Nebraska , or at such other place as the holder of
<br />the awte rosy designau is writing, in ttwnUtty installmems of Five Hundred Twenty and 06/100--------------
<br />- - --- - ---, ---- ----------~-Dultars tS 520.06 t, cnm;nending un the Pint day of
<br />retest are full April .. , 19 83, and on [rte first day of each month thereafter untit the principal and in-
<br />y paid,-except that the.final payment of principal ;ind interest, if not. sonnet paid, shall be due and
<br />payabks~tlle-first dsg of March, 2013 :alt according to the terms of s certain prntnis-
<br />sory note of even data herewith executed by the said Mortgagor.
<br />7lte ;~ortg~gor Fn ordelr mote fu8y to protect the security of this Mortgdg::. agrees:
<br />1~ -That ha wifi pgy-the indebtadtress, as hereinbefote provided, t'riviiege is reserved to pay the debt in whore, nr in an
<br />amtnrnt eq.-af to-one a[ ntnra-montltl}r.paytttents on the principal that are next due on the note, on the first day of any month
<br />prior,to mxturit~ Prtsvidad; hoiverar, That written notice of an itriention to exercise such privilege is given ai least thirty t3t1i
<br />days pt'itfir to prepayment.
<br />2_ That, tugQCtlru with. and in addttittttro, the:;n}tnthiy payments of principal and interest pa}dbte utnier the terms of the
<br />note secured hereisy, tree Mnrt~agor willpay-to ihnAtottgtEguq, nn the 6rYt day of each month until ihr saiY note is fully paid, the
<br />foQowtitg sums:
<br />(a,~ rl.ruowd sufliciettt to~ro~tde #te ho?der-het~afwPUt fxtndi to pay the next mortgage Ensurattce tnentium if this
<br />itiEttitittent and the.note sacureil hereby ilrp ihaurexi, nr a manthiX, charge (r'n tttwi Uja nrcrLgr~r frrsttrurrce F»r,.
<br />rlJ i2 yep era held by the Secretary oC tic}tt3ittg 3ttd ifrban Devatttopittent; as fntlnws:
<br />~T ff and Kg long as sxrd note nt cunt dace seal Ehas ktstrumart€ are berated 4x are reuuutrct ortder the pai-
<br />vittatt+ of Ufa NaHonat itousutg Act, t<t7 arnount stif~Ietent to at'cumutafe in the harufs of ihr holder ;xtc
<br />BMA-~i#~tl.wkr+ct~ r+vy ttt wtis+anra suerwsr ++ta.#~.RUirrv
<br />- - f{t2t~$2ta.lM tt3-t"+~1
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