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<br />I
<br />
<br />Corrected Copy
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<br />This form i1 used in connection
<br />wilh mortgages in~ur(>d under- Ih~
<br />one- 10 lour.tamily provisions 01
<br />Ihe National Housing Act~
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<br />1 .
<br />i
<br />
<br />qflhc-CouMy uf
<br />Ihe M ort~lgor. and
<br />
<br />nlls MORTGA(;E. made :md e,ecllled Ihis 31st day 01 August
<br />I~ 83. hyandbelween Mark W. Liess and Mary G. Liess
<br />
<br />
<br />Ha 11 , . and Slate 01 Neoraska. parly 01 the firslparl;hereinallerc~lIed'
<br />Commercial NJtional Bank & Trust ,Company
<br />
<br />;A;n.
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<br />
<br />MORTGAGE
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<br />83..... 005314
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<br />OJ corpllrarilln organ-iu-d ~lOd exi"'iling under the raws or Nebraska
<br />party 01 Ihe second parI. hereinaller called Ihe f'!orlgagee.
<br />
<br />WITNESSETH: Thallhe said Mortgagor. for and in consideralion 01 Ihe sum 01 Forty-eight Thousand and no/l00"-
<br />-----~-------------------------'------------------_Do"ars ($ 48,000.00 1. paidbYlhe Morl'
<br />gagee-. the reL:cipt of 'which is heretly acknowledged. has Gr:mled and Sfild and by these presents-does, Gr:ant~; Biir-
<br />~:Iin. Sell. Convey and Confirm unlo the (Mortgagee. ill' successors and assigns. (orc-ver. the (ollowing;.de!'crihed
<br />real eSlalc. situaled in-Ihe Counly or Ha lil ~ and-Stale'
<br />(l( Nehras]{a. 10 wil:
<br />
<br />Lot seventeen (17), Block one (1), in Island Acres #2, being a replat
<br />of Lots 1, 2, 3, 5, 6 and 7" Island Acres Subdivision, Hall County, Nebraska
<br />
<br />or the Sixth Principal Meridian. containing in aU
<br />menl survey:
<br />
<br />acres according to Govcrn~
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<br />TO HAVE AND TO HOLD Ihe premisesl.be';" described. wilh alllhe appurtcnances thcreunlO belonging and including
<br />:tll heating~ plumbing and lighting fixtures and c9uipmenl now or hereafter attached to or used in connection with said real estate
<br />unto (he Mortgagee. and to its successors and assigns~ rorev~r. The Mortgagor represents to. and covenants with. ahe Mortga-
<br />gee. Ih.llhe Mortgagor has good right 10 sell and convey said premises: Ihal they are Irce Irom encumbmnce; and Ihat the
<br />MOrlgagor will warrana and defend the same agp.insl the lawful claims of all pcrson~ whomsoever: and the said Mortgagor here~
<br />by relinquishes all_rights of homestead. and alllmartial rights. either in l:lW or in equity. and all other conlingent interests of the
<br />.Mortgagor in and to the above..tJescribeu premi~es. lhe intention being to convey herebY-:Jo absolute title~ in fee simple. includ.
<br />ing.1I righls of homeslead. and olher righls and intereSls a, af",<<aid.
<br />
<br />PROVIDED AL\V A YS. anu these presents .:ire executeJ and Jclivcrcu upon lhe- r(}lIowingcondilion~~ to wit:
<br />
<br />The Mortgaqor agrees to pay to the Mortgagee, or order, the principal sum of Forty-Eight
<br />Thousand and no/100--------------------------0011nr5 ($ 48,000.00 I. with
<br />interest tram date a.t the _rate of ten point three per centum { 10~3 \} per annum
<br />on the unpaid balance until 8/1/86 . and thereafter at the rate of ten and ~eventy-fiKijndre~~h~:-
<br />per centum (10.75 'I per annum on the unpaid balance until paid. The said prlncipal and
<br />interest shall be payable at the o;tfice of Commercial National Bank & Trust Co. in
<br />Grand Island, NE ! , or at such other _place as th~ holder of thll !,!ote may
<br />designate in writing. in monthly installments of Four Hundred Thuty One and 'itlOO------
<br />----------Oo11ars ($ 431. 91 l. commencing on the first day of October .
<br />19 83. and on the tirst day of each month thereafter until August 1, 1 ~ and Four Hundred
<br />Forty Seven and 39/100-------- ,Dollars ($ 447.39 ) commencing on toe first day of
<br />September, 1986 ... and on the first day of each month thereafter until the principal
<br />and intere.t are fully paid, except that the final payment of principal and intera.t. if
<br />not sooner paldp shall be,due and payable on the first day of September, 2013 ,
<br />all accordin9 to the tern:8 of a certain promissory note of even date herewith executed by
<br />t~e sa~d Kortg4qQr.
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<br />The Mortgagor in order more lully 10 prole~llhe securily 01 Ihi, Mortgage, .grce>:
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<br />I. That he will pay the indebtedness, as- hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amounl equal 10 one or more monlhly paymen\s on Ihe principallhal are lIeXl due on the nOle. on Ihe firsl day of any monlh
<br />prior _to,maturity: -Prov;tkd. h()"'t\-'cr~ That .written notice of-an intention lO exercise such privilc~e is. !!i\'cn at least1hirty DO}
<br />d.ys prior 10 prepayment. '
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<br />2. That.logether wilh. and in addilion 10. Ihe monlhly pay men Is 01 principal and inlere.'1 payahle under Ihe lerms 01 the
<br />nl)lesecured hereby, lhe Mortgagor will pay 10 lJIe MOrlgagee. on Ihe first day 01 cach monlh unlillhe s.iU nole is lully paid.lhe
<br />following sums: '
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<br />(a) Amount sulfidenl 10 provide Ihe holdcl hereol wilh fUllds \0 pay Ihc nexl mortgage insurance premium if Ihis
<br />inSlf~ment -and__lhe Dnte secured hereby arc insured, ur a monthly charge (in licu of a mortgage' insurance pre-
<br />mlufn}iflhey arc held by Ihe Seerelary of !lousing and Urhan Developmcnl, as follows:
<br />
<br />(I) If and $0 long ,as said nole, of even dale and Ihis instrument arc insured or arc !Cinsured under Ihe pro.
<br />visions of .Ihe National Housing Act. an amoun! sufficient to aceumul.le in Ihe hands of the holder one
<br />
<br />. {t.h~.~;y.~r.-, h:Q_m, t.he,date hft(e.o!) 1
<br />(35 ,taQn,;..h., [(om _t.he tint pa~'M,l;)nt _date)
<br />Ith_, .'1'~~ lfIQn.tb}
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<br />-Rfl)fa~~' Fi-f-A~'1~_3M,,Wh-ic_~_ Mav 8! wd' U"!il Svp41v _is '-)th1.lU~I~d
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<br />STA fE OF NEIll'IASKA
<br />HUD.92143M !O,791
<br />{'?4 ern 100.1 50}
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