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<br />T
<br />
<br />MORTGAGE
<br />
<br />This form is used in connee#
<br />tion with mortgages insured
<br />under the one- to four-family
<br />provisions of the' National
<br />Housing Act,
<br />
<br />83- 001035
<br />
<br />06138071
<br />
<br />THIS MORTGAGE, made and executed Ihis 2nd day of March
<br />19'83 ,by and between Howard Reier, Jr. and Kathleen A. Reier, husband and wife
<br />
<br />ohhe County of Hall , and Stale of Nebraska, party of the first part, hereinafter called
<br />Ibe Mortgagor; and
<br />COMMERCIAL FEDERAL SAVINGS & LOAN ASSOCIATION
<br />
<br />AD,
<br />
<br />a corporation organized andexisling under the laws of Nebraska
<br />party of tbe second pa'l, hereinafter called the Mortgagee,
<br />
<br />WITNESSETH: That the said Mortgagor, for and in consideration of Ihe sum of TWENTY NINE THOUSAND
<br />and 00/100 Dollars($ 29,000.00 ),paid by the Mort-
<br />gagee, ~ the, receIpt of which is hereby acknowledged. has Granted and Sold and by these presents does Grant. Bar-
<br />gain, Sell. Convey and Confirm unto the Mortgagee. its successors and assigns, forever, the following-<lescribed
<br />real estate; situated in the County of Hall ,and State
<br />of Nebraska, to wil: 104 West South Street, Grand Island, Nebraska 68801
<br />
<br />The South Half of the East Half (S 1/2 E 1/2) of Lot Five
<br />(5), of Vantine's Subdivision to the City of Grand Island,
<br />Hall County, Nebraska.
<br />
<br />
<br />~!(k1'):ftx
<br />
<br />TO HAVE AND TO HOLD the premises above describetl, 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 witb~ the Mortga-
<br />gee, that the Mortgagor has good right 10 sell and convey said premises: that they are free from encumbrance; and that the
<br />~Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever; and the said Mortgagor here-
<br />by relinquishes all rights of homeslead, and all martial rights, either in law or in equity, and all other contingent interests of the
<br />Mortgagor in, and to the above-described premises, the intention being 10 convey hereby an absolute title, in fee simple, includ-
<br />ing all rights of homestead, and other rights and interests as aforesaid,
<br />
<br />PROVIDED ALW A YS, and these presents are executed and delivered upon the lollowingconditions, to wit:
<br />
<br />The Mortgagor agrees 10 pay to the Mortgagee, or order. the principal sum of TWENTY NINE THOUSAND
<br />and 00/100 Dollars($ 29,000.00
<br />
<br />),
<br />
<br />with interest from dale at the rate of per centum ( 12.000 %) per annum on
<br />the unpaid balance until paid, The sai~1 ~t~Pe4:tsq.~1 be payable at the office of
<br />
<br />Co.rcial Federal Savings & Loan Association . orat such other place as the holder of
<br />
<br />lhe note maydesignat~lIg.tj~~.nslallmenlSol TWO HUNDRED NINETY EIGHT and .41/100
<br />Dollars ($ r. commencmg on !lie firsl day of
<br />, 19 .' an.AAlllh~first day of each lIlomh thereafter until the principal and in-
<br />terest are lully~d. except that the final paym~ of principal and interest. il not sooner paid, shall be due and
<br />payable on the first day of April 2013 ; all according to the terms of a certain promis-
<br />sory note of even date herewith executedoy the'said Mortgagor.
<br />
<br />The Mortgagor in order more fully 10 prolect the security of this Mortgage, agrees:
<br />
<br />L That he will pay Ihe indebtedness, liS hereinbefore provided, Privilege is reserved to pay the debt in whole, or in an
<br />amount equal. to one or more momhh- payments on Ihe principallhat are next due on Ihe note, on the first day of any month
<br />prior to maturity: Provided, lrowever, That written notice 01 an intention to exercise such privilege is given at least thirty (30)
<br />days prior tQ prepayment,
<br />
<br />2, 'That, together with. and in addition 10, Ihe monlhly payments of principal and interest payable under the terms of the
<br />note securetlhereby.the Mortgagor will pay to Ihe Mortgagee, on lhe firsl day oleach month until the saill note is fuUy paid, the
<br />followingsums:
<br />
<br />(a) Amount. suflic:ient to pwvide the holder hereof with funds 1<> pay Ihe next mortgage insurance ptemium If this
<br />instrument and the note secured hereby ale insured. 01 a monthly charge (in lieu of a mortgage insurance pre-
<br />mium) if they are held by the Secretary of Housing and Urban Developmen\, as follows:
<br />
<br />O} if.and so long as said note of even -date and this instrument are insur-ed or are reinsured under lhe< pro-
<br />visions of the National HOusing Act, an amount suffICient to accumutate in the hands of the hokk; one
<br />
<br />Repl-.. FHA'Z143M Vlfh<<:.f1 n~Y' ~ uji.OlU until SUJ)IJ'ly is.- (!xhau.tttd
<br />
<br />::'T,\TF;OF' NEBRASKA
<br />~tlii- (11-19)
<br />
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