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<br />- This form is used in connec-
<br />tion with mortgages insured
<br />T MORTGAGE under the one- to four-family
<br />provisions of the National
<br />830 ~y O ty ~ S~ Housing Act.
<br />V ! 7 06137229
<br />TFI1S'MORTCrAGE,madeandexecutedthis 10th day of February A.D.
<br />19 g~,hyandbetweeri Ronald L. Schierling and Doris A. Schierling, husband and wife
<br />of 2fre County of Hall ,and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor:-and
<br />COMt~RCIAL FEDERAL SAVINGS & LOAN ASSOCIATION '
<br />a corporation organized and existing under the laws of Nebraska
<br />party of the second part. hereinafter carted the Mortgagee,
<br />WITNESSETH: That the said Mottgagor, for and in consideration of the sum of THIRTY FIVE THOUSAND
<br />and 00/100 Dollars t5 35, 000.00 ~, paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sofd and by these presents does Grant, Baz-
<br />gain. Sell, ,Convey and Confirm unto the Mortgagee, its succeswrs and assigns, forever, the following-described
<br />real estate, situated in the County of Hall ,and-State
<br />of Nebraska, towir. 1217 West 5th, Grand Island, Nebraska 68801
<br />Fractional Lot Four (4) in Fractional Block Five (5) in the
<br />Bonnie Brae Addition and its complement, to-wit: Fractional
<br />Lot Four (4) in Fractional Block Twenty-two (22) in
<br />Wa313ch"s Addition, both being additions to the city of
<br />Grand Island, Hall Countq, Nebraska.
<br />of, aC~~~~~~~f1t=X
<br />m~XX
<br />TO HAVE AND TO HOLD the premises above described, with ail the appurtenances thereunto belonging and including
<br />all heating, p{umbing and fighting fixtures and equipment now ur hereafter attached to ur used in connection with said real estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The i{art~ngor represents tu, and covenants with, the Mortga-
<br />gee, that the Mortgagor has good right to set! and cam~ey said premises; that they are free From encumbrance; and [hat the
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever; and the said Mortgagor hete-
<br />by relinquishes nit rights of homestead, and all martial rights. either in law or in equity, and all other contingent interests of the
<br />Aortgagor in and to the above-described premises- the intention being to convey hereby an absolute [irk, in fee simple, inctud-
<br />ingall 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 />anTjte Mofl2ayw agrees to pay to the Mortgagee, ur order, the principal sum of THIRTY FIVE THOUSAND
<br />a 00/1D0 Duilarsl5 35,000.00 ~•
<br />with interest from date at the rate uC TWELVE and 00/100 pet centum ( 12.000 `~) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of
<br />Comt~rcial Federal Savings 5 Loan Association
<br />in Omaha, " Nebraska , ur at such other place as the holder of
<br />the note may designate in writing, m monthly installments of THREE HUNDRED SIXTY and 15/100
<br />Ik>tiazs t$ 360. ~ 5 ), commencing on the first day of
<br />[crest are foil April , 19 ggtnd on the rst day of each mitnth thereafter until the principal and in-
<br />ypaid, except that the final payment of principal and interest, if nut sooner paid, shall be due and
<br />payahk on the-first day of }Parch , 2013 :alt according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said Mungagor.
<br />The Morigagut in order more fully to protect the security of this Mottgage, agrees:
<br />!" That h4 wit[ pay the intlpbtedness, as hereinbefwe provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to one or more monthly payments on the principal that are nett due on the pate, an the first day of any month
<br />prior to ttt;ztru+ty, Rovided. however, That written ootire iif an intention to exercise such privilege is given at least thirty (30}
<br />~dgytpricieto prepay+aent.
<br />2: T§s$, tagc[hec with: and in addition ta, the monthly payments of principal and interest payable under ttte terms of the
<br />,data ttecstrcd hereby. [tie Mort~sgor vrillpay to the Mortgagee, on the fits[ day of each month until the saiD note is fogy paid, the
<br />~+iitg
<br />(a) Amount sufitcieat to,grovide rho holder hareuf with funds to pay Ute next mottgage insurance premmnt if this
<br />instrttrnvat and_ Ma note. a~ucad hateby ue irtwred, or a monthly charge (in-lieu of a marr~e inaumrete pre-
<br />nistrzrJ if [hay us haW by the Secretuy of Housing and Urban tkveloptsmnt, as follows:
<br />{i) If autd so long as acid note of even darn and this tnstruutent are insured nt arc tetnsuted under tht pro-
<br />paiaria cif: the NaiAfittt9i tiuuxiny Act, an amcwni sufC"w-rent to accumulate in the hands of the holder one
<br />~. attAat+daa w+a~f nuv p« u+aq u~t,t fuutrty w •x6avz+W tiT,•iTS OF NEBI2AStCA
<br />}ttata~wrtaat,r ig-tgt
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