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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 />" Housing Act.
<br />`- ~3""~ U U ~ ~ ~ ~. 06137790
<br />E
<br />€-
<br />THPS MORTGAGE, made and executed this 23rd day of February ,A.D.
<br />19$3'- ,hyandbetweem Michael D'. Jack and-Jodi K. Jack, husband and-wife
<br />ofthb County of Hall ,and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and
<br />CQMbffiRCIAL FEDERAL SAVINGS & LOAN ASSOCIATION
<br />a corporation organi2ed-and existing under the laws of Nebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: Thatthe said Mortgagor, for and in consideration of the sum of FIFTY FIVE THOUSAND
<br />and 00/100 Dollars iS SS , 000.00 ), paid by the Mort-
<br />gagee, the- receipt of which is hereby acknowledged, has Granted and Soid and by these presents does Grant, Bar-
<br />gain.- Sell,- Canvey and Confirm unto the Mortgagee, its successors and assigns, forever, the folbwing-described
<br />real estate, situated in the County of Hall , andState
<br />of Nebraska, to wit: 2307 Riverside Drive, Grand Island, Nebraska 68801
<br />The South Fifteen Feet (S15') of Lot Three (3) and all of Lot Four (4),
<br />in Re-Snbdivision of Block Four (4), in Second Addition to Holcomb's
<br />Highway Horses Subdivision, a subdivision of apart of the Northeast
<br />Quarter of the Northeast Quarter (NEI/4NE1/4) and a part of Lot Four
<br />(4), Mainland, in Section Twenty-eight (28), Township Eleven (11) North,
<br />Range Nine (9) West of the 6th P.M. in Aall County, Nebraska.
<br />TO HAVE AND TO HOLD the premises above 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 real estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants with, [he Mortga-
<br />gee, that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance; and that the
<br />Mortgagor wilt warrant and defend [he same agaimt the lawful claims of ail persons whomsoever; and the said Mortgagor here-
<br />by relinquishes all rights i~f homestead, and all martial rights, wither in law or in equity, and ati other contingent interests of the
<br />Mortgagor in and to the above-described premises, the intention being to convey hereby an absolute title, in fee simple, includ-
<br />ingall rights of homestead, and other rights and interests as aforesaid.
<br />PR0V1llED AI. WAYS, and these presents are executed and delivered upim the foliowingconditians, to wil:
<br />"fhe Mortgagor agrees to pay to the Mortgagee, ur ordu. the principal sum of FIFTY FIVE THOUSAND
<br />and 00/100 1k~tlarslS 55,000.00
<br />with interest front date at the rate o~ t~~g r,~ QO`} ~ par centum ( 12.000 yO) per annum on
<br />the unpaid balantt until paid, The sal ~ teal ~rtU-in er s s all be payable ai the otTice of
<br />Cotat~ rrte~~i~~a~~l~~Federal Savirtgs lr Loan Association . or at such other place as the holder of
<br />the note may designatemwfttingNPn~ installments of FIVE HUNDRED SIXTY FI and 95 10
<br />fkillars tS ~commen~g on~he first day of
<br />pp Aril . 1F 83 . an~~t~ ~irst day of each nwnth thereafter until the principal and in-
<br />terest are tally-paid, except [hat the final payment of principal and interest, i[ nu[ sooner paid, shall be due and
<br />payable on the first day of March , 2013 : afl according to the terms of a certain promis-
<br />sorynote of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in ardor more fully to protect the security of this Mortgage, agrees:
<br />t. Thai he will pay the indebtedness, as hereinbefore 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 next duo on the note, on the first day of any month
<br />prier to mortally: Provided, huweoer, That written notice of on intention to exercise such privilege is given at Least thirty la0)
<br />days prior tq prepayment-
<br />?. That, together wish, and in addition to, the atonthiy payments of principal and interest payable under the terms of the
<br />note secured heraby, the Mortgagor will pay to the Mortgagee, on the first day of each month until the said note is fully paid, the
<br />[otbwing sumx:
<br />(a) Amuuut suft3cient w tuitvkle the holder. hatraf with lauds to pay the next mortgage tnsurattce pramtwt ii this
<br />utsUUmaui and the Hula secured hereby are insured, or a manUdy charge fin lieu u>'rr rruutgage inarrwrr:e We-
<br />rrrirrrrr) if they era held by the Secretary of Hausirtg and Urban i)evelapntant, as follows:
<br />tt) If and so Iwtg as said note of evert date and this instrument era htsured or arc tcursurad mtder tt;r pro-
<br />vuiarts of the Nations( Housing A4t, an arnuunt sufficient to aciurnulate to the hands of iha hol,f.; itttc
<br />Rplyee, rt+~-2tiJM waw.4 vnsy he uu~a unto surKSiy :c ~ah,ruftan3 ='TA~~SfIA
<br />f9 791
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