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I T 83- 002801 This form is used in connection with mortgages insured- under the one- to fourpfamily provisions of the National Housing Act. MORTGAGE 06139132 THIS MORTGAGE. made and executed this 2nd day of June ,A.D. 19 R3 , by and between Michael D. Engstrom and Alicia Bennett Engstrom, husband and wife ofthe County of Hall ,and State of Nebraska, party of the first part. hereinafter called the Mortgagor. and COMMERCIAL FEDERAL SAVINGS & LOAN ASSOCIATION a corporation organized and existing under the laws of Nebraska party of the second part, hereinafter called the Mortgagee, WITNESSETH: That the said Mortgagor, for and in consideration of the sum of FIFTY SIX THOUSAND TWO HUNDRED FIFTY aod 00/100 Dollars ($ 56,250.00 ). paid by the Mort- gagee, the receipt of which is hereby acknowledged. has Granted and Sold and by these presents does Grant. 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: 822 Driftwood Court, Grand Island, Nebraska 68801 Lot Forty One (41), Westwood Park Subdivision, Hall County, Nebraska. ~moo~ ~: X'Xlb'l>>X9OOtiRlOOOl.llJOOt TO HAVE AND TO HOLD the premises ab0..." described. with all the appurtenances thereunto belonging and including all heating, plumbing and lighting tlxtures and equipment now or hereafter attached to or used in connection with said real estate unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to. and covenants with. the Mortga- gee, that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance; and that the Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever: and the said Mortgagor here- by relinquishes all rights of homestead. and all martial 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- ing all rights of homestead, and other rights and interests as aforesaid. PROVIDED ALWA YS. and these presents are executed and delivered upon the following conditions, to wit: The Mortgagor agrees to pay to the Mortgagee. or order. the principal sum of FIFTY SIX THOUSAND TWO HUNDRED FIFTY and 00/100 Dollars($ 56,250.00 ). w.ith interest lrom date at the rate oELEVEN and 50/100 pel' centum ( 11.500 'Yo) pel' annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of Commercial Federal Savings & Loan Association in Omaha Nebraska . or at such other place as the holder of the note may designate in writlng. in monthly installments of FIVE HUNDli.t::: SEVEl>1TY TWO and 06/100 Dollars ($ 572.06 1. commencing on the first day of AuID's t . 1983 . and on the first 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 July 2008 ; all according to the terms of a certain promis-. sory note of even date herewith executed by lhe said Mortgagor. The ~ortgagor in order more fully to protect the security of this Mortgage, agrees: 1. That he win pay theindebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an amount.equal to one. or more monthly payments on the principal that are next due on the note, on the first day of any month prior to maturity: Provided. however. That written notice of an intention to exercise such privilege is given at least thirty (0) days prior to.prepayment. 2. That. together with, and in addition to, the monthly payments of principal and interest payable under the terms of the notesecurjO,d hereby, the Mor(gagor will pay to the Mortgagee. on the first day of each month until the saill note is fully paid. the following sums: (a) Amount sufficient to provide the holder hereof with funds to pay the next mortgage insurance premIUm if tl1l$ instrunwntand the note secured hereby are insured, or a monthly charge (in lieu of a mortgage insurance pre, miuml if they arc held by the Secretary of Housing and Urban Development, as follows, -OJ If aJld so long as said note of even date and this instrument are insulcu 01 31t" IdnsUft'tl l.lIlJt:1 the pro- visions of the Na1il>nal Housing Act. ,!O amount sufficient to accumulate III the iI.mds of lhe lH,ldfl om' RepiKft. fHA-2143M. Wh~t"J Mev a. lMd Utili! Supply IS E.c:ha\~u~d 51 A TE Of NE8RASKA !tl1[) 92H,-:!:f\l119 !9i ;14 (.~ n :)00 ! &;U;