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<br />83;:""005227.
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<br />'2", ~
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<br />MORTGAGE
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<br />This' form is -used in connection
<br />with mortgages insured "ncS~ .'th,
<br />one.,_ to four...f8'!'ily: p~~Jtlo".' of
<br />the National 'Housing Aet,~.
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<br />THIS MORTGAGE, made and execuled this 29th. tlayof September
<br />1983 ;byandbetween Patrick K. Farritor and Betty M. Farritor; HusbandandWlfe
<br />oft~ Counly of Ha 11 , and State of Nebraska;l'arty ofthli'firslpart.htr~inafler called
<br />the Mbttgagor, and The First National Bank of Grand Island, GrilOdIsland-, Nebraska: .
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<br />a corporal ion organized and existing under lhe laws of Nebraska
<br />party of the second part, hereinafler called lhe Mortgagee.
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<br />WITNESSETH: That the said Mortgagor. for and ill e"nsider:llion of the .\IJln of Thi rty Six Thousand
<br />Six Hundred Fiftvand NO/100--------------------- f)ollars($ 36,650.00.,. l.paidbytheMort-
<br />gagee~ (he- receipt of \\"Ihich IS hereby acknowledged, h;IS Gr<.ll'llcd and Sold and by these presents- does Grant!_ Bar.
<br />gain. Self, Convey and Confirm unto the Mortgngee, its SllC'ce,'\sors and ilsslgns. "forever. 'the foJlowing.d,escribed
<br />real estale, ,ilo"led in lhe C"unlY ,,[ Ha 11. and Stale
<br />of Nebr3ska. to wit:
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<br />LOT TWO (2), BLOCK TWENTY NINE (29)
<br />IN CHARLES WASMER'S ADDITION TO THE
<br />CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
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<br />of the Sixth Principal Maidian, (\llltaining in ~ll
<br />ment survey:
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<br />TO HAVE ANDTO HOLD tht: prcmi'i.t:'> ,I"''..'',\- tit:::'i.:nhed. \\.ith .Ill the arpUrlcnances !hCrCunlO belDnging and including
<br />aU heating. plmnhlog ,till! jightinf;. fl\turc":' <lud t:'4uiplllI.'n! 11,1\\ <If h",:It.:;d"IC! ;1l1al hl,.'d I\~ 111 u'a~d Hll.."tJnnection with s-aid real es.tate
<br />linto the Mortg.lgc:e. and to tt\ "ucct:'s.~(tn. and iili...it.tn~. L,fl'\Tr lhJ.:" Morlgagor n.'prcscnts tu. Hml covenantx with. the Mortga..
<br />~ce. that the !\:h\rtga~or h.l" 'g\\\lJ rtght tu <.C'!l aOll (tlll\-T} ~.lkl Plt,;llll"i..'''. lh.:l th..:1' ~u~ ff":~ {Him clKumbrance: and lhallhe
<br />Mongugor will wan.tnt and defend the ~;Imc- a~:Jin...t the b\l, ful cbirn.~ oi .:11 pd~Hn" v.;h~l.m..ue-v<,'r: <i1H.llhc_ said Mortgagor herc-
<br />hy r~linqui-she5 It It ng.hb of "tJOles1eat.!, dfl-d aU maru.d l'l!;.hls. ~'llhct In 1;1'.\ ilf In eqUIty, anJ iil! other !;onttngenl interests of the
<br />Mo-rtg1lg-of in and 10 the abon~-dc')cribed pretnl'q:,>. tht.' inh'ntlon bt~ing lp ({In"'('\' herehy an absolule lille. in fee simple, includ-
<br />ing aU fights of home\lt::ad. ~nd uther ri~ht~ and inh:rc~!:" :..1'\ ;1l'lH:';lid,
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<br />;a:rts according to Govern-
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<br />PRO\' iDEO AL\\'A YS. ,UJt.l thes\.' prt:..~ah iJl'l: t:\c,,:uh:d .l!ld \Jdl'd.:n:\l Hp-UlJ ihe fl,iH;.)~lOg ;":~HiuitjOfh. to wit:
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<br />The Mortqagor n9rees to pay to the- MortJJi:\llCQ, or on.Jt.~r, lhe principal sum of Thirty Six
<br />Thousand Six Hundred Fifty and NO/'OO---- Dollars ($ 36,650.00 l. with
<br />1.nterest-from date- at the rate of 10.36 pl~r centum ( 10.30 \) pe_r annum
<br />on the u.npaid balance until 9-29-83 . and th~reafter at the rate of Ten and Three-Quarters
<br />per centum { 10.75 1.) per annum on the unpaid bal<'1nce unt.il pa.id. 1',he said principal and
<br />lntunt shaU be payable at the offlce of The First National Bank of Grand Island in
<br />Grand Island Nebraska , or at "och other place as the holder of the note may
<br />deaiqnatein wrltin", in monthly installmellt" of Three Hundred Twenty Nine and 79{100
<br />____._____OOl1ars ($ 3:>9.79 ), c".....ncinq On the first day of November , ,
<br />l~ 83, and on the Hut Jay of "ach !\\Onth thereafter until September 1, '986>d Three
<br />H ndr~dFort Oge anq ~11100-- Dollars ($ 341.61 ) commencing on the first day of
<br />Hctober l" 198" .. and on the f:i.rst db}' of each month thereafter until the principal
<br />and in-t_eres.t .are_ fully paid, except that t.he final parrnent of principal and interest, if
<br />not sooner paid, shall be due and payable on the first day of October, 2013 , I
<br />all _a_ccordinq to "th-e terms- of a car'tain prom.issory note of' even date h~rewith executed by
<br />tile. aaidMortgagor.
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<br />TheJ4o.rJ&~}f inor-der In\.[t: full)' 10 p.futecl the ~-e~urtly ul thl:\ Mmtg.lg.c. agice...:
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<br />L lbat he _wul.pay ~he tndeb-tctlneSl. 013 hcreinbdore P-HJ\'WcJ. PriVilege i... re~a\icd tu pa;' the debt in whole, or in an
<br />alp_9'_un! e-qu.~l-_h}: one fir inure,1oombl)' pJymems- \.'ill the principal th~~l arc- Oc\l ,(hi': on the noll:.-. ,Hi the first day of an\' month
<br />p-tlor: tu maturity: Pn'i.'kie-d. -h('J-WC\-(~f. Th_at written notice llf an inh:HilOn 10 I.'Mif,:ise ':\ui.'h pri\iikgt" j" given at least thirty (30)
<br />day. Wi", l"....epaym>:nt,
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<br />_~. -_Tb~h t~thtr_,_wi~~. ..lnU ,in additioo_-to., the nwntl1iy p.aymcnb of princip,,\l ~nd intJ::re!\t jYdyahle under the terms of the
<br />""Ie .I!l.~W:""b<:r,~l>'y,.lh. M"t!$illl!!lwi!.l.p~y '0 the Morll''lle., on thel.int ,b". .,f eacb monlh o"tii Ih. ,aill oot. i, [oily paid. lhe
<br />fQ\ll)",jlt&~Ul!Jl\:
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<br />(a) ~mt~U~~J wffid~~,t}Q _prQ-yi&e the hnt~c{ h-~J~of- 'With f!Juds ~o _p-.lt lh~ n.;:xt .t!HJftgage ~nSUtaUft prcutiutn_ if thiS
<br />i~,~_f~U~Ht _~~,_}he _J)~l~ :set<1Jf~dh(reby ar~ in~urcd. vI a IJtvnthl:r- charge 1m !it'u oj it mortgag-t' mwrance pn'.
<br />mli!,lfJj,if Jh~y, _i;n~ !u~1~:b){ dw. ~~tetat)' .r"lr HOU$1flg iintJ _fJrh-aI,1 l):;!v"hjl-Hn~IH. ~s li,!lt)w:L
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<br />Vl'~~'_Ht dt..:;, N-aUtiH4! UO-V$:iOj!; /'<.:-1. an_ "Hlt.\UfH ~UHlt'-i"''$H H~ ;aoH;jtd~H~ in t:hi!: MHl:..b of tlfi.' huldef Of~t
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