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<br />MORTGAGE
<br />r
<br />$3-'TIC~O'72'~
<br />This fi orm is used in conrtec-
<br />tion with mortgages insured
<br />under the one to four-family
<br />provisions of the * National
<br />Housing Act.
<br />06137415
<br />TH1SMt)RTCsAGE.madeandexecutedihis 15th day of Fabttaaty ,A.D.
<br />I4-$3° ;bvattdbetween' Douglas D. Axfotd and Cieo Etna G. Axford, husband -and wife
<br />and Charles E. Baasch and Janice K. 8aasch, husband and wife.
<br />of the Gountyof 'Ball ,and State of Nebraska, party of the first part, hereinafter called
<br />the Mattgagot-,and . ,
<br />GOlQtERCIAL FLDRRAL SAVINGS & LOAN ASSOCIATION
<br />a eorpaiation organized and existing under the taws of Nebraska
<br />partyuf thasecand part, hereinafter caned the Mnrtgagee.
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of FORTY FOUR THOUSAND
<br />and,-00/100 Dollars tr 44,QOfl.00 ~, paid by the Mort-
<br />gagee;-. the rectipt of which is hereby acknowledged, has Granted and Sold and by these presents- does Grant; `Sar-
<br />gain, Se11, Convey- and C:anhrm untn the Mortgagee, its successors and assigns, forever, the fotbwing-dest:ritted
<br />real estate, situated in the County of Hall ,and State
<br />of Nebraska, to wit: 268 Sassth Kimball, Grand Island, Nebraska 68801
<br />L.ot fihirteen (13), in Black Two (2), of Axt and Hagge"s
<br />Addition to the Citq of Grand Island, Hall County, Nebraska.
<br />TO HA\`E ANO `fl} HGI_D the premrse abase described, wt±h a3t the appurtenances [hereunto belonging and including
<br />all heating. plumbing and lighting fixtwes ~+nJ rkuipment now r,r hrreafttr attached to ar used in rnnnection with said real estate
<br />unto eht Mortt;aget, and to its successors and assitms, tnrever fhe Mortgagor represents to, and covenants with, the Mortga-
<br />gee, that the Mortgagor has good right ur sell aad convey said premises: that they are free from encumbrance; and that the
<br />Mortgagor Witt warrant and defend the same against the lawful itaims of ;d} persons whomsoever: and the said Martgagorhere-
<br />by rtlirxtuishes all righK of homestead- and ail martial rights, either in 3au~ or inequity, and all other contingent interests of the
<br />Mortgagor in and to the ttbovcdescribed premisas, the rn[entic:n Being tv convey hereby an absolute title, in fee simple, includ-
<br />inga3krighis of homestead, and utlttr rt$3tts and interest, a. aforesaid.
<br />f RO\'[DED;ILWAYS, and thrux {+rr.rnt.: re ese~utcd and deh4rred upon the faltawing~arrditions, to wit:
<br />'The Mortgagor agrees to pay to the htartgat~e. or order. the pritntpal sum of FORTY FOUR THOUSAND
<br />and 00/i00 txltarx tS 44,000.00
<br />with interest from date at Uit rate otTWELVE and 00/ 100 per centunt ( 12.000 ~~,) per annum on
<br />the unpaid balaMr umil paid. 'fhe said prinxipal and interest shall be payable at the office of
<br />Cosnetcial Federal Savings b Loan Asaociatian
<br />in. Osaha, Nebraska or at such a g s the holder of
<br />the note may desigrtate in writing, in monthly instalimenri al FOUR HUNDRED FIFT~C TWO an~~6~~
<br />t)olhtrs i5 452.76 1, commencing on the first day of
<br />retest art full April `~? 83, a fu an the Sts[ day of cactt utoteth thereafter until the principal and in-
<br />y pant, except that ttrz final Ikzyntent ~~. prir[:ipai and imerest, if not sooner paid, shall be due and
<br />payable on :ht first day of :Hatch, 2013 ; .dl according to the terms of acertain promis-
<br />wry nateof even date herewith extcuttd by tfic acid Motgagor.
<br />The M~gagar in order titan fatty to pntttct the security of tttis. Mortgage, agrees;
<br />[. Thin htwiff pay thin ittdt3.ttrdness. as herein3tefure pravide,d. f'rivikge is reserved to pay the deb[ in whole, or in an
<br />amount squat tt+ane or more rauutldy pa>nttnts on rht principal that are next due an the Hate, an the first day of any month
<br />prior ttt ntat~ity. ir#artided, ut4avery That written mui>.~ ref an intention w extrcise such prtvdege is given at least thirty f3U)
<br />days prior to,prepaymtat~
<br />7. That. faget(Stt s*ith, attd in add~titm tu, the atonthly paymenu of pnncipa3 and interest payable umitr tht terms of the
<br />trots steurtvd hereby, iht Mortgagor u==131 pay w the Mortgagee. ~ on the flr~si day of esch month untl the sai21 Hate is fatly paid,. the
<br />fotiovtittg bums;
<br />is3 ,truount sttt3s, tp ptrwnde lftt ttcttxttr boreal wtth tuttds tr+ pay the next tnort~gt in3nrarieP prtnuum if this
<br />instrtutptat seat the rwta xcunn;t hareby are insnrad, of a nwuN[ly sharer Fin fietr uJ°e rnvrtg~gc~ irtwrnrtce prr-
<br />rniurrt~ tf they sethekt sty the Secretary of llouvngand lhhsn ltevt3apnattt, ax tirllcsws:
<br />€it. tf xu #ong~ Held rme of tzs~t dart and tltia 4trakruet9artt are m±;ured to ate rettrsared atufct r# ~- pta-
<br />vtstana[ of r#te `+tat%rtttst tfttusbtR Act, an attuautit xutfi.^xent sir sccutnuiate in tht hands of thtlr~z;r. ~ rate
<br />~~ eta w.;t t a-'tat >,rt,~ts Bear. tn+ wes~.+ner; riarw+v .a;attitwctsv ~t"f` IITF, t}F ti F:HRA$H.tl
<br />.. .. ~_., 4",~ r+t5i1a32143iwt t8-T31
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