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MORTGAGE
<br />8~~~06~~
<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 />THFS MORTGAGE, made and executed this 10th day of Febrttary ,A.D.
<br />19 g3 ,by and between Milton F. Ehly and Diane C.Ehly, husband and wife
<br />ofihe County of Hall ,and State of Nebraska, party of the firs[ part, hereinafter called
<br />the Mortgagor, and The United States National Bank of Omaha
<br />a corporation organised and existing under the laws of the United States of America
<br />party of the second part, hereinafter caned the Mortgagee,
<br />WiTNESSETH: That the said Mortgagor, for and in consideration of the sum of Forty Thousand and No/1~Oths
<br />__________________________ _ _Rpliars (S 4p p0.00 >. Paid by the ore-
<br />gagee. the receipt of which is hereby acknowledged, has Granted and Sald and 6}t~6ese presents does Grant, Bar-
<br />gain; Sell, Convey and Confirm unto thr 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 />Fractional Lot Four (4), in Block One Hundred Sixteen (116), Railroad Addition to
<br />the City of Grand Island, Hall County, Nebraska and Fractional Lot Four (4) in
<br />Block One Hundred Sixteen (1I6} in Koenig and Wiebets Addition to theCity of Grand
<br />Island, Hall County, Nebraska excepting therefrom the Northerly Eighty-five and
<br />three tenths feet (N 85.3') thereof, according to the recorded plat thereof.
<br />of thr Sixth Principal Meridian, containing in all
<br />mentsurvey:
<br />acres according to Govern-
<br />TO HAVE AND TO HOLD the premises about described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said teal estate
<br />unto the Mortgagee, and to its wccessors and assigns, forever. The Mortgagex represents to, and covenants with, the Mortga-
<br />gee, that the Mortgagor has gaud right to sell and convey said premises; that they are free from encumbrance; and that the
<br />Mangagor will warrant and defend the same against the lawful claims of all persons whomsoever; and the said Mangagor here-
<br />by relinquishes aft rights uE homestead, and all martial rights, either in law ur in eyuity, and aU other contingent imerests of the
<br />Mortgagar in and to the above-described premises, the intention being to convey hereby an absolute title, in tee simple, includ-
<br />ing all rights of homestead, and other rights and interests as aforesaid.
<br />PROV IDED AL W AYS, and thew presents arr executed and delivered upon thr following wnditions, to wit:
<br />The Mortgagor agrees [o pay [o the Mortgagee, or order, the principal sum of Forty Thousand and No/100ths
<br />----------_,_ _-__-r..._-_------------__!]ttllars la 40, 000.00 h
<br />with interest from date at the rate aC Twelve per abntwn ( 12.00 90) per annum on
<br />the unpaid ba{ance until paid. The said principal and interest shall be payable at the office of The United States
<br />National Bank of Omaha
<br />m Rmaha, Nebraska . or at such other place as the holder of
<br />the note may designate in writing, in monthly instal menu of Four Hundred Eleven and 45/100ths----------
<br />~__-,~__~__,,,,____ _ DtoUars (S 477 77 5q ), commenting on the first day of
<br />A ri1 - • 19 $3, and onZllL ~i'st day of rash month thereafter until thr principal and in-
<br />terest arr fully paid, except th-~t tFte itnal papmem of principal and interest. if not sooner paid, shall be due and
<br />payable on the first day of March 2013 ;all according ro the terms of a certain promis-
<br />sory note of rven date herrwilh executed by the said Mangagor.
<br />The Mortgagor in order more fully to protect the settuity of this Mortgage, agrees:
<br />L That he wilt pay the indtbtrdness, as hertinbetore provided. Privilege is reserved to pay the debt in whole, ar in an
<br />amount equal to orre or more monthly payments on the principa That art next due on the Hatt, on the first day of any month
<br />prier to maturity: Provided, however, That written notice of an intention to exercise such privilege is given at least thirty f30!
<br />days prior to prepaymtnt.
<br />?. 'Thai, together with. and in addition ta, the monthly paymrnts of principal and interest payable under the terms of the
<br />note stcpred hereby, the Mortgagor will pay to the Mortgagee, on the first day of each moath anti! the will Holt is fully paid, the
<br />ta) A+nount suffir~nt #a provide the holder hrteof with titnds to pay tiro next mongagr msutance prrnuutu if this
<br />mserumtttt; anti Litt note rEwcuttd hereby ass insured, at a nwntttly charge tin flea of a nranggtfr insrttrncr t+rr"
<br />rrtita7ar) if they sit iirid by the Secretary of Housbtg and Urban Development, as follows:
<br />(1) if and so long as raid. nt,ct at turn data and this instrument art ttist+rrd ar axe reinsured umler the pro
<br />visit°trq ai thr Nata3rttd thrusittg Aft, an amtatnt suffietrtet to at;cumulata at the hinds oi' the ttultter amr
<br />tt»<tu.aax F is ~-? t+9M ,+,r,~re **sw De wey arses e+w n vxtrwrrcd 4TATF' Ot' N Ftiii:-S K .1
<br />t6UD=Si2ta;1M tr3~r41
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