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<br />Tt»s form is used in connec-
<br />tion with mortgages insured
<br />MORTGAGE under the one- to four-family
<br />8~',,,~po/~84~ provisions of the National
<br />VV v Housing Act.
<br />THIS MORTGAGE, made and executed this 16th day of February ,A.D.
<br />19 g3 .by andbetwcen Stanley K. Or Brien and Donnie T. O'Brien, husband and wife
<br />of-the County of Hall , ar+d State of Nebraska• party of the firstpart, hereinafter called
<br />1heMortgagor,and The United States National Bank of Omaha '
<br />acorporation oeganized and existing under the laws of the United States of Attterica
<br />party of the second pazt, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration M the sum of Twenty-four Thousa$~ FivMe Hundred
<br />~r,~ tt,, ~ Dollars ($ ), pat y the ort-
<br />gagee, 17te' ~~pi ~$T w rcFisTiereTiy acTcnowr3ger~Tias ~antea'and Suld at~by~4Rts~Oprtsents does. Granl Bar-
<br />grin, Sell, Convey and Confirm unto [he Mortgagee, its successors and assigns, forever, the following-described
<br />real estate, situated in the County of Hall ,and State
<br />of Nebraska, to wic
<br />The East Half (F.rg) of Lot One (1), in Block Seven (7), in Harm's Third Addition
<br />to the Citp of Grand Island, Hall County, Nebraska.
<br />of the Sixth Principal Meridian, containing in alt acres according toGOvern-
<br />mtntsurvey:
<br />TO HA<!E AND TO HOLD the premises shove Jescribed, with alt the appurtenances thereunto belonging and including
<br />alt heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br />unto the Mortgagee, and to its successors anJ assigm, forever. The Mortgagor represents to, and covenants with, the Mortga-
<br />gee, that [he Mortgagor has good right to sell and convey sail premises; that they are free from encumbrance; and [ha[ the
<br />Mortgagor will warrant and defend the same against the lawful Claims of a0 persons whomsoever, and [he said Mortgagor here-
<br />by relittquishea all rights o[ homestead, and all ntartinl rights, either to law ur inequity, and all other contirtgeat interests of the
<br />Mortgagor is and to the above-0escribeJ premises, the inttntiun bung to convey hereby an absolute tick, in fee simple, includ-
<br />ing aU rights ut homestead, and other rights and interests as aforesaiJ.
<br />PROVIDED ALWAYS, and these presents are executtd anJ delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Twenty-four Thousand Five
<br />Hundred and No/100tha---------------- DullurstS 24,500.00
<br />with interest from date at the rate of twelve Per centum ( 12.00 `~) per annum un
<br />the unpaid balance until paid, The said principal and interest shall be payable at the office of The United States
<br />National. Sank of Omaha
<br />'0 N r ska , or at such outer place as the holder of
<br />the note may desigmrte in writing, in monthly insta mints iiF ~ Hundred Fifty-two and of/100ths------
<br />~_~.r___ _ ~~e~__ Dollars (i 252.01 ), commencing on the first day of
<br />April . 19 83, and on the tint day of each month thereafter until the principal and in-
<br />terest arc fully paid, except that the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on the first day of March ~( 13 ;all according to the terms of a certain promis-
<br />sory note of even daft herewith executed by the said origagor.
<br />Tht Mortgagor in order more fatly to protect the security of this Mortgage, agrees:
<br />1. Thar ht will pay the itaiebtedntss, as Irereinlxfore provideJ, Privilege is reserved to pay the debt in whole, ur in an
<br />amount squat to one or more monthly paymeots on the principal that are next dot un the nuts, on tht first day of any munch
<br />prior [o maturity: Phrvidcd, ftowever, That written twticc of an inttntiun to exercise such privilege is given at least thirty (30)
<br />days prior to prepaymtat.
<br />:. That. togtthec with, and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />Hutt xtt:wred hereby, the Mortgagor wiH pay to the Mortgagee, an the first day ut each month until the sail! note is fully paid, the
<br />f+tpowiag sums;
<br />t;~) Mnoturt wfficicnt to provide the hutdtr hereof with funds to pay the next n+ortgage insurance premium tf this
<br />iafurwtwt fad iMr nou secured hartby art ttrsured, or a murttldy charge jin firw of a nxortgage insurcnee prr
<br />mtrun/ if ftrty art he4d by the Secretary of tlausing and tJrbart tltuiopnttnt. as fuitows:
<br />fll if and so loug as said note of even dirt and thrs urstrurrrrnt art insured ur are reinsure) under the pro
<br />vir~rrrs of the Natkarta! lirwsirta Act, as amount suffkietrt to accumulate its the hands of Ure Itulder arse
<br />ttefa+,c.c PHA.2#t~M wM1#ca M+r tx w.d wAra w[M+rr +• •xnpusrart S7"ATE f)F NF.BHA51-1
<br />NUD~ai'11~M (6~79t
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