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<br />83:'-0027,98
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<br />M0RTGAGE
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<br />This form is used in connection
<br />with mortgages. insured under the
<br />one-- to four.family provisions of
<br />the National Housing Act.
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<br />Tl:IISt.{()RTGAGE. made-and executed this 2nd day of June ,A;D.
<br />19,83', . by and between Donald J. Williams and Margaret A. Williams, husband and wife
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<br />of the County of flaIl ,and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and
<br />COMMERCIAL FEDERAL SAVINGS, & LOAN ASSOCIATION
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<br />a corporation organized and existing under the laws of Nehraska
<br />party'ofthe second part. hereinafter called the Mortgagee,
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<br />WITNESSETH: That the said Mortllagor. for and in consideration of the sum of THIRTY THREE THOUSAND
<br />ONE HUNDRED FIFTY and 001100 Dollars($ 33,150.00, ),paidbytheMort-
<br />gllgee. the, receipt of which is hereby acknowledged. has Granted and Sold and by these presents does Grant. gar-
<br />gain. Sell,Convey and Confirm unto the Mortgagee, its successors and assigns. forever, the following-described
<br />real estate. situated in the County of Hall .. ,and State
<br />of Nebraska. to wit: 211 South Lincoln, Grand Island, Nebraska 68801
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<br />Southerly Forty Eight (48) Feet and Three (3) inches of Lot
<br />Four (4) Block One Hundred Twenty Five (125) in Koenig
<br />& Wiebe's Addition to the City of Grand Island, Hall
<br />County, Nebraska.
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<br />TO HA VEAND TO HOLD the premises ab~,," described. 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 with. the Mortga-
<br />gee, that the Mortgagor has good right to 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 homestead. and aJl martiaJ 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 to convey hereby an absolute title. in fee simple. indud-
<br />ing all rights of homestead. and other rights and interests as aforesaid.
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<br />PROVIDED AL WAYS. and these presents are executed and delivered upon the following conditions. to wit:
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<br />The Mortgagor agrees to pay to the Mortgagee. or order, the principal sum of THIRTY UlREE TIIOUSAND
<br />ONE HUNDRED FIFTY and. 00/100 Dollars($ 33,150.00
<br />
<br />l.
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<br />with interest from date auhe rale oELEVEN and 50/100 per centUH1 ( 11.500 '/0) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of
<br />Co~ercial Federal Savings & Loan Association
<br />in Omaha, Nebraska or at such other JlIAC~ liS the holder of
<br />the note maydesign!lte in writing, in monthly iostallments of SIX HUNDRED SEVENTY TWO and 9"lUU
<br />Dollars ($ 672.95 ), commencing on the first day of
<br />August .1983 ,and on the first day of each month thereafter until the principal and in,
<br />terest are fuIly paid, except Ihat the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on t\le first day of July, 201:l ; all according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
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<br />The.M0I1gaggr in order morefuIly to protect the security of this Mortgage. agrees:
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<br />I. Th~lhewill pay tbe indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equallooneor,more monlhlypayments on the principal that are next due on the note. on the first day of any montb
<br />prior tomatl't:ity:Provided; however. That written notice of an intention to exercise such privilege is given at least thirty (30)
<br />dayspriono prepaYOlent.
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<br />2, T/lilh tOllethel,with, and in,addition to. the monthly payments of principal and interest payable under the terms of the
<br />l1oteseCUIed\l"rel>y,tlJeM.ortl!'!gorwill pay 10. the Mortgagee. on the first day of each month until the saRI note is fully paid. the
<br />foi19wing,f\l}l)S:
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<br />(a)
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<br />Arnountsoffici~1l1 toproyide thehoJder .Ilereof with funds to pay the next mortgage illsu.rancc plemium if this
<br />instrumelltang the npte5ecured hereby arc insured. or a monthly charge (in lieu of a martgage insurance prc,
<br />mium)if the~; a(eheld by theSeeretary of Housi!lg and Urban Development. as follows:
<br />
<br />(I)
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<br />If '31-!d. s-o)qJl8,. as. sa:i.d, 110te of eve~ .d.ait; .aQd t.his. instrument arc insured or arc reinsured 1.I0del the PIt).
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<br />Vi"iO!l$ of the NaUo/lalllousing ACI, all amount sufficient to accumulate in the hand; of the holder one
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<br />STATE Of NEBRASKA
<br />HUD.9214JM ill-791
<br />{2'4 ern 200. HiOl
<br />
<br />~ FHA-2143M... Wh,i,h May 84, u.Cf'd Until SuPJ;;i'l ~15 E~rn.v$tlfd
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