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<br />I
<br />
<br />or
<br />
<br />MORTGAGE
<br />
<br />This form is used in connec-
<br />tion with mortgages insured
<br />under the one- to four-family
<br />provisions of thec,National
<br />HousingAct,
<br />
<br />
<br />83-001392'
<br />
<br />0613IJSo6
<br />
<br />THIS MORTGAGE,made and executed this 24 th
<br />1~;83' ,by'andbetween Kenneth P.Sebl~ager
<br />
<br />oHhe Conntyof ,"Hall
<br />tlleMQTtgagor,'and
<br />COMMEltCIAL'FEDERAL SAVINGS
<br />
<br />day of Marcb ;A;'J),
<br />and Nancy Jo Scbleiger, husba.nQ an!tWi1:eu
<br />
<br />,and State of Nebraska, patty of thefiritpart,beteinaffei'ciilICd
<br />
<br />& LOAN ASSOCIATION
<br />
<br />
<br />
<br />aoorporation organized and existing under tbe laws of Nebraska
<br />patty of the second part ,hereinafrer called rhe Mortgagee,
<br />
<br />WITNESSETH: That the said Mortgagor; fo, and in considel"dtion of the sum of SIXTY THOUSAND
<br />and 00/100 , Dollars($ 60,000.00 . ,),paidb)'the1do.~t-
<br />gagee~ the reeeiPt of which is hereby acknowledged, has Granted and Sold and by these presents does"Grant, 'Biir.
<br />gain.' Sell, Convey and Confirm unlo the Morlgagee, irs successors and assigns, forever, tlte' following..deSCrilied'
<br />realestste, situated in the Counly of Hall ,andState
<br />of Nebraska;towir 3006 Colorado, Grand Island, Nebraska 68801
<br />
<br />
<br />Lot Nine (9), Ross HeigbtS Seconds Subdivision, inRall
<br />County, Nebraska.
<br />
<br />.JA..:t;,...;,...;....t"".;l!iu~
<br />~:
<br />
<br />TO HAVE AND TO HOLD lhepremise, above described, wilh alllhe appurlenances tbcreuntobeloogingandincluding
<br />all heating, plumbing and lighling fisturesand equipmenl now or hereailu altached 10 or used in connection withsaidmalClltale
<br />unto the Mortgagee, and 10 its successors and assigns, forever. "fhc Mortgagor represenls 10, and covenants with. the M~
<br />gee, IJmt the Mortgagor has good right 10 sell and convey said premises; lhat they are free from encumbrance; and that the
<br />Mongagorwill warmnl and defend the SlIme against the lawful claims of all persons whomsoever, and the said Mill1gagOrbere-
<br />byrelinquisbes all rights of homestead, and all martial righls, either in law or ineqnity, and an other contingent inlc:restsof the
<br />Monl!ll&Ot in and ,I<> the above-de.cribed premises, the intention being 10 convey' hereby an absolute title, inree simple, inc:Iud-
<br />m"all ritltlsofhomestead. and olher righlS and inleresls as aforewd.
<br />
<br />AY'1Iif:-V'-~~~5~
<br />
<br />PROVIDED AI_WA YS, and these pr.-cn!> <I<C execuled and delivered upon the following conditions, 10 wit:
<br />
<br />The Mortgagor agrees m pay 10 the Mort!lagee, or order, the principal sum of SIXTY THOUSAND
<br />and 00/100 [lollars($ 60,000.00
<br />
<br />),
<br />
<br />with interesl from dale 8t the rale ol!-wJU.n and 00/l00 per centum ( 12.000 %) per annum on
<br />the unpaid bitlallC<! until paid, The ,aid punerpal aiidintere't shall be payable at the office of
<br />C~ereialFederal Savings & Loan Association
<br />11I'Qaaha' Nebraska ,or al'iUchotherplaee as the holder of
<br />the oote may designate III wrl!tng,m moothTy in,lallments of SIX IIDNDRED SEVENTEEN and 40/100
<br />Dullars ($ 617 41l ), commencing on lhe 6rsI day of
<br />May", ' 1983 ' ana un lll<:lirsl day of each munlhlhereafteruntillhe principal and in-
<br />terest are fully p:;iu, ..cepl thai the Iinal paymenl l'f principal and inlerest, if nol sooner paid, .hall be due and
<br />payable t)Q the first aay "r, ADEiL, 20U ; all according to the term. of a certain prnmis-
<br />sory note of e>'en dale herewtlh neculeifbv ~ ,"ud Ml'flgllltOr,
<br />
<br />The ~ in Ord<<more fully 10 prolecl the security of Ihi. Morlgage, agrees:
<br />
<br />~, Tliat bl>will pay the in<lebro.d"""'s, as he,einbefore provided. Privilege is reserved to pay lhe debl in whole, or in an
<br />aml>Unl~lo~,OJmorelllOnlhlypaymenl.onlhe principallhal are ""'1 due on the n<lte, on the filSl day of any monlb
<br />prior l<.> Ill_I}': ,~\lided" hctwe"cr, That Wrillen notice ,'f an inlenlJon 10 uerci.. such privilege is given at leasl thirty (30)
<br />a.ys prior to.illeptiYl1lCDl,
<br />
<br />iIi-:.
<br />
<br />:.t 1'bat,I~ '*itll, and in addi"on, 10, the l'loothly payments ..r principal and illtCfeSIPilyallle under the lerms of the
<br />~"_~l'lOt"l>Y,lhe MOftIll8Or will pay 10 tlJe Morlgagee, ''"the firsl day of eaclt month Ulltil,lhe sailS note is fullY paid. the
<br />f~1lII $VIlis;
<br />
<br />ta) AmOlltlt Mlf~11O 1't<~lhtJlOkkr "",wi' willl 'fumlt 10 fIllY tlte n..xl murtllll8" lnsur_ ptt'mium if this
<br />ItWI_Ill!ldt" DOlle ~uled betcOy lite i~rect m a t'nt>fllhly cltugt> (I" /iN"!" mar~ imu_ pn-
<br />miMJn)tf m., _ _by the Sttte\1itY of HQi;'Si1Illll8d lima.. o.,Wl<lpll>etll, "'" foll~;
<br />
<br />\Ii K1IlI4 M 1t'I<<lll1l$I1lid fKltt orev.... date alld t!tit inltnttlllml a", imutc<lol arc r..nw",d Ulider th.' pm,
<br />...iIioM "fthe N.lt\tlmd .~int! Al:I,311 ';IlKlUllt!ttf~1 (l) """umtllllle 11\ the Itllllds nr tlte holik, ooe
<br />
<br />~ j!".".)l.~lM -wt;I<<~ ~ U. 'iAII<d -U.t"tt~ .ut~v i-' 1l:';:(l\~~~
<br />
<br />h'TAr'..J}I ~KA
<br />flf4,1"'4WtiHIlI
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