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r 53283-1-20 MORTGAGE This form is used in connec~ tion with mortgages insured under the one- to four.family provisions of the National Housing Act. 83- OlJ2747 .... THIS MORTGAGE. made and executed this 1st day of June ,A.D. 19 83 ,by and between Timothy R. Stueben and Susan M. Stueben, husband and wife, jointly and each in their own right of the County of Hall ,,,and State.af NebrJlska, 8artILof the.first part, hereinafter called the Mortgagor, and FIRST FEDERAL SAVINGS AND JAJAN AS:; CTAnON~' -LINCvLN , a corporation organized and existing under the laws of The United States of America party of the second part. hereinafter called the Mortgagee. . WITNESSETH' That the said Mortgagor. for and in consideration of the sum of Forty Eight Thousand Six Hundred F~fty and OOllOU Dollars ($ 48650.00 ),paidbytheMort- gagee, the receipt of which is hereby acknowledged. has Granted and Sold and by these presents does Gtant, Bar. gain, Sell. Convey and Confirm unto the Mortgagee. its successors and assigns, forever, the following-described real estate, situated in the County of Hall . and State of Nebraska. to wit: The Central \\est Forty four feet (44') of the Southeast Quarter of the Southeast Quarter (SE%SE%), Section Eight (8), Township Eleven (11) North, Range Nine (9) \\est of the 6th P.M., and which is !lOre particularly described as follows: Ccmrencing at a point forty four feet south of the northwest corner of a tract COltllOnly known as "Huston's Reserve", and !lOre particularly described in Deed recorded in l3cx:>k 86, Page 237, records of Hall Cbunty, Nebraska, the sarre being a part of the Southeast Quarter of the Southeast Quarter of Section Eight (8) in Township Eleven (11) North, Range Nine (9) \\est of the 6th P.M., and running thence south along the west line of said tract a distance of Forty four feet, thence east at right angles and parallel with the south line of said tract a distance of (he Hundred 'Ihirty Eight and one half feet; thence North at right angles and parallel with the west line of said tract, a distance of forty four feet; thence west at right angles a distance of (he Hundred Thirty Eight and one half feet to place of beginning, the sane being a rectangular tract with a frontage on Huston Street and a depth of (he Hundred 'Ihirty Eight and one half feet, all in Grand Island, Hall County, Nebraska. of the Sixth Principal Meridian. containing in all ment survey: TO HAVE AND TO HOLD the premises above JescribeJ, with all the appurtenances thereunto belonging and including all heatingl plumbing and lighting fixtures and equipmenl now ,)f her~after attacheJ to or used in c.:onnection with said real estate unto the Mortgagee, and to its successors and assign~. forever. The ~-1ortgagor represents to, and covenants with, the Mortga- gee. that the Mortgagor has good right to sell and convey said premises: that they arc free from encumbrance; and that the Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever: and the said Mortg'dgor here- by relinquishes all rights of homesteaJ, anJ all marlial rights. either in law or in equity, and all other contingent interests of the Mortgagor in and to the above-described premises, the intention being to convey hereby an absolute title, in fee simple, includ, 109 all rights of homestead. anJ other rights .1Ild illlerests as aforesaid. city property acres according to Govern- PROVIDED ALW A YS. and these presents are executed anJ delivered upon the following conditions, to wit: The Mortgagor agrees 10 pay to the Mortgagee. or order, the principal sum of Forty Eight Thousand six Hundred Fifty and 00/100 Dollars ($ 48650.00 ), with interest from date al the rate of Eleven and one half per centum ( the unpaid balance until paid. The said principal and interest shall be payable at the office of and Loan Association of Lincoln in Lincoln, Nebraska . or at such other place a, the holder of the note may designate in writing, io monthly installments of Four Hundred Eighty Two and 12/100 Dollars (S 482.12 ), conunendng on the first day of Augus t . 19 8~ anJ 00 the lirst day of each month thereafter until the principal and in- terest are fully paid. except that the final payment of principal and interest, if not sooner paid. shall be due and payable on the first day of Ju ly , 2013 : all according to the terms of a certain promis- sory note of even date herewith executed by the said Mortgagor. ' 11. 500 %) per annum on First Federal Savings The Mortgagor in order more fully to protect the security of this Mortgage. agrees: I. That he willpay the indebtedness, as hereinbefore provided, Privilege is reserved to pay the debt in whole, or in an a~ount equalm one or more monthly payments on the principal that arc next due on the note, on the first day of any month prior to. matunty:Previ<led, however, That wriUen notice of an intention to exercise such privilege is given at least thirty (30) day, prior toprepaymenl. 2. That, together with, andin addition to, the monthly payments of principal and in teres/payable under the terms of the note secured hereby, lhe Mortgagor will pay to the Mortg'dgee. on the first day of each month until the saiB note is fully paid. the following sums: (aJ Amoun.isnJlieient to provide the holder hereof witJ, funds to pay the next mortgage insurance prcnllum if this iustrUme"t and the note. secured hereby are. insuted. or a monthly ch31ge (iI/lieu of. mortgage insurance pre- mium) if lIWY arc held by the Sendary of Ilousing and Urban Development, as follows OJ If and ,1\0 iung as said note of 4.~c.u -d<lte and this instrument arc insured of arc H:insUlcd undel the prt1- visiO{lj of tbe National- Uoming. Act. an amount .suffic-jcrit to aCC:UlHulate in [he hands. of the hulder ~JHt. ~1'ICet- ~-t1~,;n4~ wb.id1- 11~ be '')M'l'd "mil >'.mply Ii iflO;h~t~ STATE OF NI>UUASKA HU04/2143M 197111 I,