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CORRECTED COPY
<br />MORTGAGE
<br />~d,...
<br />8~ ---~'iCJQ456 83-:. C(G579'7
<br />i----
<br />Th;s loan is used in connect,on -
<br />wish morrgases insured under the
<br />one- to lour~iamity provisions of _
<br />the Nanonat ifousing get.
<br />{NtSM(1R"IY;AGE,madrmdexrcutedthis 28th il;ipof October ,A.D_
<br />i': 8~ .ry and het:::en Clarence Gregory Smith and Brenda Lee Smith, Husband and Wife
<br />u(the County of Hall .and State of Nebraska, party of the first part, hereinafter called
<br />iheMongagor.:end Commercial National Bank & Trust Company
<br />a corporation organized and exislingunder the laws of Nebraska
<br />party of the stcond part, hereinafter called the Mortgagee,
<br />Ayl"NF.SSFT{{: That the said P1origagor, for and inconsideration o! the sum of Thirty One Thousand Eight
<br />Hundred Twenty-Flue and nol100----------------- Dnllars(S 31,825.000 {. paid bythcMoih
<br />g:agct, the receipt of which i< herehy acknowledged, has granted and Sold and by tlcese-presents does-Grant.-Bar--
<br />gain, Sr{(. Com~ey and Confirm unto the Mortgagee, its succesxurs and assigns, Ibrc ver, the following-described -
<br />rcal estate, situated in the County of Ha 11 , - ,and State--
<br />i,f Nebraska, In wit:
<br />North one halF (N~} of the East one half (Es} of Lot P7ine i9}, in Vantines
<br />Subdivision, located on par[ of ti:e Northwest Quarter cf Section Twenty Two (22-)
<br />Township Eleven (il} North, Farge Nine (9) West of the 6th P.M., Grand Island,
<br />Hall County, Nebraska ~.
<br />This Fdortgage is being rerecorded to correct the final payment
<br />date of the first series of payments. {Mortgage dated t7etober 28,
<br />1983 and recorded on October 28, 1983, i)acument #83-00579, of the
<br />Register ~yf t)ceds retards o*" Stall Caaunty, Nebraska.
<br />of rho Sixth I'rmcipal Meridi,,a, ioatamnzg in a({
<br />ment survcp:
<br />acres accardingto Guvern-
<br />TQ f{A~'Fi AND I'O 11O!.D iha premises abn, dts~ri~ed, with al! the appurtrnances thrrcunto belonging and including
<br />:d( Mating, ptumMng and lighting tixnires and equipment nou or hcreaf ler:dtaehtd to or uszd in a,nneetinn with said real estate
<br />unto ihr Mortgagee, and w its cucctssnrs and assigns, forever. The Mongagnr rcpnsetns ht. and covenants wish, the Mortga-
<br />gee. that tht A{ongag;x has good right to stet and conc~ey said premises: that they err free (rum cnrumbr:mce: and that the
<br />Mortgagor wi{{ watrart xnd defend the same against the lawfu{ claims nt a!! persons whomuxvt:; and the said Mortgagor htr•
<br />hs rt!mquishrs al! rights of homesttad, and al! martial rights, either m taw nr m equity, and all othtr rnnnngcnt interests of the
<br />~lnrtgagor in and to the 32Kwt-drserihrd premises. thr intention being ts+ a+nrca herehy :m absolute title, in fee simple, includ-
<br />ing a{( r:ghh of homestead, and other rights and interuts as atnres:ud
<br />PRC)l'{DEb Ai.EeAYS, 2nd these presents are executed :end drSnered upt+n the folla.ring n+ndiuons. to wit:
<br />The Mortgagor agrees to pay Lo the Mort9agec, ar order, the p~~r incipal sum of Thirty One
<br />Thousand, Eight Hundred Twenty give rand not'10~o11nrs (S 31,82.',,00 {, with
<br />Sntereat tzom date at the rrg t^~, ot~ "ft<n e+nd three tenthAer centum ( 10,3 Z{ per annum
<br />on the unpaid balance anti!- ~ O; ~'+~ and ehercaf tee at the rate of Ten `ind seventy five hundreds
<br />per centum (10,',j 1) per annum on the unpeict balance until peid. The said principal end
<br />intezest shall be payable at Lhe office of Commercial NaCi.onal Bank & 'Crust Co. Sn
<br />Grand Island, Neta r+ska or at such other place as [ha holder of the note may
<br />deeignato in writing, in manthly Snstallraents of Twa hundred f:ightY Si.x and "36/100 -----
<br />------- nollara {S 286..35 ), cammencinq on(thrs ~ rat day of f)ecember
<br />19 83 , end on the first day of each month thereafter until ~G' r'-;'~1480 and Two Hundred
<br />i.netx: Six and 54100---------- dollars (S 296.5v ! romtaenclnq on the ft.rat day of
<br />November, 1y85 ••` and on the firm day of each month thereafter until the principal
<br />and interest are fully paid, except that the finel payment of principal and interest, if
<br />oat saar:ar paid, shall be due and payable an the fizst day of November, 2013 ,
<br />all according to the terms of a certain promissory note of even date herewith executed by
<br />the said Mortgagor.
<br />The Mortgagor is order molt ftr(iy to protect the securuy of this Alortgage. agrcrs~
<br />1. That ht wi{I pay rM indeMedness, as hercinbefure provided. Pnvi(ege a resenrd h+ pay the dtM in whole, er in an
<br />amount equal to one or more monlhty payments on the principal Shat are next dot on ti,t note. on the first day o{ any month
<br />prier to maturity: Provided. however. Thal wriurn notice of an mention to eatrcisr such privilege isgi.en at (cast thirty (30{
<br />days prior to prepayment,
<br />2. That, mgcther with. and in addinoh to, the month{y payments of principal and interest pal:at+le under teat arms of the
<br />n+,te cttured hereby, t{te tilorlgagor wi{1 pay to the Mortgagee, on the itrU day of each month until the von note is fully patd, the
<br />:o(kawing sums:
<br />irnru i. a.:.,. c.a .: i.r .. ~.:: 'ham {:::{.i.~ It~•v.,f ~_.tli i.~ pt~ _ ~?: !{}r i~xl _ n(rgtVt itt511t8ntC pt CiniUnt 1( thl3
<br />ttlrituntent att3 rhr note secured herehy` atr inmrcd, ur a nwnHr{y charge fro Situ irjs rrrartgagc insurmtce Pre•
<br />nriur+tj if tract' arc bald by the Sccrttsry~ of {lousing and-Urban (7tstk,pnteni, as foHaws:
<br />- {R 1f and so hmg az taid nuts, n( even data and itais tnstrurnent are insured or arc teursurrd undo the pnz-
<br />yisiont cif the Natiaul,nt 1{ousitsg Act, an smtNitu suffieitut to acctnnu!atr in lire hands of iht bolder cmc
<br />• tttar ae ys#r#. rrsrs the a#'CS hersof{ ,
<br />15 ar,a# 'raw the f:,r#t payrmsnc da tei
<br />•R• LRa :6;h aa:na Ar -
<br />'a'1:AiE (?r Nean A5KA
<br />- as! i:> `r: r a f to t3-'r9!
<br />t wra#...-.s r:.,~.~'#'M. lrr4,zh k3a4 rip 3;=+'! s. .:i `ecism3y -s [s'?;ausr~cl '-'i w",'rt ~ ,.~, t`.itT!
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