|
<br />r
<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 the National
<br />Housing Act,
<br />
<br />83__0015;8.
<br />
<br />THIS MORTGAGE: made and executed this 4th day of April ,A,D,
<br />1983 :byandbetween James Alan Ruzicka and Brenda Lea Ruzicka, husband and wife,
<br />oithe County of Hall j,'lhO'sMe .wweb~'i~, Jar;tlo~1IflfirWWart:hb\~ffilifter called
<br />the Mortgagor. and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN ,
<br />
<br />a corporation organized and existing underrhe laws of The United States of America
<br />party of the second part, hereinafter called the Mortgagee,
<br />
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Twenty Five Thousand and 00/100
<br />Dollars ($ 25000.00 ), paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by Ihese presents does, Grant, Bar-
<br />gain, . Sell, Convey and Confirm unto the Mortgagee, Its successors and aSSIgns, forever, the followmg-descnbed
<br />real estate, situated in the County"f Hall , and State
<br />of Nebraska. to wit:
<br />
<br />lot <Ale Hundred Fifty 1Wo (152) in Buenavista Subdivision,
<br />an Addition to the City of Grand Island, Hall County,
<br />l>ebraska.
<br />
<br />of the Sixth Prin(.~ipa' Meridian. containing in all
<br />ment survey:
<br />
<br />TO HA VE AND TO HOLD the premise, above described, ",ith all the appurtenances Ihereumo belonging and including
<br />all heating~ plumbing and fighting fix.lures and equipment no\\ t)f hereafter aHached to .)f used in connection with said real estate
<br />unto [he Mortgagee~ and to its success.ors. and assigns~ forever. The Mortgagl'r rt:"pres~nts to. and covenants with~ the Mortga.
<br />gee, thai the Mortgagor has good righlto sell and convey '>:lid premises: that they are free from encumbrance; and that the
<br />Mortgagor will warrant and defend lhe same against the lawful claims of all persons whomsoever; and the said Mortgagor here-
<br />by relinquishes all rights of homestead, and all martial rights, either in la\\ or in equIty, and all other contingent interests of the
<br />Mortgagor in and to the above-described premises, Ihe intention being 10 c,,"vey hereby an ahsolute title. in fee simple, includ-
<br />ing aU rights of homestead, and other rights .md inlerests as aforesaid.
<br />
<br />city property
<br />
<br />acres according to Govern-
<br />
<br />PROVIDED ALWA ,"S, and these presents are execuled .Ind ddiwred upon the following conditions, to wit:
<br />The Mongagor agrees 10 p.\'to lhe Mortgagee, or order.lhe princip,d sum of. Twenty Five Thousand
<br />Doll.." ($ 25000.00
<br />
<br />and 00/100
<br />},
<br />
<br />with interest from date at the rate o( rwel ve pel centulll (
<br />the unpaid balance unlil paid, The said principal and interest shaU be payable .1 the office of
<br />and Loan Association of Lincoln
<br />in Lincoln. Nebraska . or al such olher place as Ihe holder of
<br />the nOle may designate in writing, in monthly ilbtallmem. "f Two Hundred Sixtv Three and 50/100
<br />[)oll.rq$ 263.50 - l. commendng on the first day of
<br />May , 19 83, and on Ihe fi"t day of each month thereafler untillhe principal and in-
<br />lerest are fully paid. escepl thaI the final payment of principal and intereSl, if nol ,ooner paid, shall be, due and
<br />payable on the first day of Apri 1 , 2008 , : all accordtng 10 the lerms of a certam promlS,
<br />smy note of even date herewith e seculed by the said Mortgagor.
<br />
<br />12.000 %) per annum on
<br />First Federal Savings
<br />
<br />Tbe Mortgagor in order more fully to protecl the security of this Mortgage, agrees:
<br />
<br />1. That he will pay the indehlCdness. as hereinbefore provided, Privilege is reserved 10 pay the debt in whole, ,>r in an
<br />amuu"t equal to one or more munthly payments on the principallhat are r.ext due on the note. on the first day of any month
<br />prior to lIUItority: Proyided, however, That wrillen notke of an inlention 10 exercise such privilege i, given at least thirty (30)
<br />days prior 10 prepayment_
<br />
<br />2. ThaI. toae1bu with, and in addit....n IH, the m<>nthly payments of principal and inlere.l payable under the terms <>f the
<br />flUlesecurtll hereby, the Mortgagor will pay to the Mortgagee. on the first day of each month unlilthe sai~ Mte i, fUlly p..id, the
<br />followint ......s:
<br />
<br />fa, Anl<>UJ\t Wfliaentlo "IOVide the holde. hereof with fund. tu pay the oexllllorlgage inSUlance prenuum if lhis
<br />ill$Uu",eut and the OOIe seeured herehy are nuured, 01 a montilly <'ha'ge (in lift' oj U mortgage im:uruJI('. p"',
<br />1ItiUm) if Illey .It held by the See."tary uf llouung and lIrban Development, as fullows.
<br />
<br />(I) If and so long as wd ",lie of e'en dale and !hill IMtrumcot are mouled or ..e remsur<d unde> the pro'
<br />vlaiom l)f the Nali,maj lflllUing A>t, an am...."t sufficlentlo IlCcumul.te In Ihe hands of Ihe holdel "'''
<br />
<br />~ fKA.2I'\JM"~ mh 0< _ ...t~ ...""'. .. ."".....Ied
<br />~ J:-3
<br />
<br />~.,.ATEO.. Nlo:URASKA
<br />HUP,Y214JM 19,191
<br />
|