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<br />This lorm 11 us.ed Ifl c;m~::.:'::'1
<br />
<br />with mort:;Ja!)CS m1ured under thp.
<br />one- 10. lour.farn. ilV proviSIons of 1
<br />Ihe NatIonal Hou~in9' Act. .-.l
<br />
<br />MORTGAGE
<br />83-\10-5426
<br />
<br />r
<br />
<br />rillS MORT(;A(iE. made and <<eeuled .his 10th dayor October
<br />"1 83 . by and helween David J. Pillard and Susan R. Pillard
<br />
<br />.AD
<br />
<br />of the Coun~y of
<br />rhe Mortg~lgor. and
<br />
<br />Hall . :lOd Stare of Nehraska, pari}" of the flr~l part, hereinafter caIled
<br />Commercial National Bank and Trust Company
<br />
<br />a cMpMarion organiud and exiqing under the laws of Nebraska
<br />party tlf the second part, hereimtfter called the Mortgagee.
<br />
<br />WITNESSETH: Thai (he said MOrlgagor. for and in con'\iderJti4JIl of the "tUnl of Forty one thousand and
<br />00/100-------------------------------------- Dollars ($ 41,000.00 l. paid by .he MOrl-
<br />gdgce, the rn'eipl of which is hert~hy acknowledged, has Gr<1nled and Sold anJ hy these presents does Grant. Bar-
<br />~win. 5ell. Convey and Confirm unto Ihe MorlE:<.Igce. lis 5ucces<;on clOd assigm. forever. the (ollowing-descrihcd
<br />ft'al c~talc. sitlJ;tled in the County of Hall , and State
<br />Ilf ~ehrasb, tn WIt:
<br />
<br />Lot Six (6) and the North Eight feet (8') of Lot Seven (7)
<br />Block Twelve (12) in West Park Addition to the City of
<br />Grand Island, Hall County, Nebraska
<br />
<br />llf lhe Sl\lh Principal ~JcoriJl;ln, com:lJning in all
<br />mcnl _'illr\'ey:
<br />
<br />Jeres according [0 Govern.
<br />
<br />TO HAVE .-\:-.iD TO HOLD lht: prc-miscs ap~.,... It-escrihed. \I.i!h :ill the ;lppllrlcnalll'C'i thereunto belonging llnd including
<br />~lll heating. rlumhngan,j lighting fi'-:turcs ,tnJ equipment no\\, i.1r helt:a{tcr ~\lf:\;.:hC"d 10 or u:-.cu in connection wilh 'laid real eslale
<br />lInhl {he MUrlg.tgec. and 10 it'i sUcces.'iors and &lssign~. forn-('r. The ~1\'rlg;,\~\\r n:rr;..'scnts 10. ;lnd covenanls with, the Mortga-
<br />~ce. fhal tlIl" M()rtr~gor has ~ood right to sell ~H1d convey said rrcmi...e..; lhat they are free fJ()[1l encumbr.lnce; and that the
<br />~'hlrtg:l.gor \\till \\I.lrranl ;/Od Jdcnd th~ same again'" the lawful (!allll,> u{ ;d! rl...nnn.... Wnl;1l1,>\)Cvcr; and the ';litl Mnrtg3gor hC'fc-
<br />by relinquishes ;ill right~ 1)[ home~ltad. and all mJnial right\. citha lil 1.1\\ ,\r In l'quily. and all other c0nl;ngcnl interests of the
<br />~1ortgag(lr in and tn the Jl'lll\'e-Jescrihed premises, the inlefl!il\rl bt:mg ttl Ct'I1\"C\ ht~rt'!l'r 3:1 ~lb\()luIC wk. in fee- simple, includ-
<br />ing JIJ ri~htli of hOH1c..tead. ;mu other right'i :\nJ intcrnl~ ;1\ Jf\HC'~;sid
<br />
<br />PRO\'IDED At. \\':\ YS. and these presents ilre ('xccu:eJ and dejivi.'rcu UpllH loe fnlhlxing. <:\;.lllltion~, fo WI!:
<br />
<br />The Mortgaqol agrees to pay tv the Mortgaqee, or or-del-, the principal sum of Forty-
<br />one thousand and 00/100--------------------, DollnrR 1$ 4l,OOO.po ). with
<br />interes.t trom date at the rate of Ten and 30/100-- per centum 10.30 1) per llnnl~m
<br />on the unpaid balance until 11/1/86 .. and therea.fter at the rate of Ten and 75/100---
<br />per centum { 10.75 \} per annum on the unpaid balallce until paid. The said principal and
<br />interest shall be payable at the office of Conunercial National Bank & Trust Companyin
<br />Grand Island, NE r or at such other place as the holder of the note may
<br />deaignatc in writing_ in monthly installments of Three hWldred sixty-eight and 93/100-
<br />---------o011ar9 ($ 368.93 ), commencing on the first day of December
<br />1983, and on the first day of each month thereafter until November 1, 1~86 and Three
<br />hW1dred eighty-two and 16/100-Dollars ($ 382.16 ) commencing on the Hut day of
<br />November, 1986 ... and on the first day of each month thereafter until the principal
<br />and interest are tully paid, except thAt the final payment of principal anu interest, if
<br />not sooner paid. shall be due and payable on the first day of November I 2013
<br />all according to the terms of a certain promissory note of even date herewith executed by
<br />tho said MortgAgor.
<br />
<br />The Mortgagor in mtltr more fully to prOI~,;t the securily uf lhis MOrlg&lge. a~rees
<br />
<br />L That he will pay Ih~ indcote:Jness. as h~reinbef(lre provided.. Privilege i... reserveu 10 pay lhe debt in whole. or in an
<br />ammHlI tqual [0 one or more monthly payments on the princip~lllha( are next Jue \'0 the flute. on the tirst day of any momh
<br />prior to filf.lturity: ProvjJ~d, h~)U'('\-'a, That written notice of;tn llllcnlion In c\cfL"ise s.uch pri\lilc~e i.. ~ivcn .11 Ica<;,l thilly DO}
<br />Jaj'\ prin( to prepayment.
<br />
<br />~. Thill. togtlhc-r Wilh, and in audition 10. the nwnthly p;lym(:nt~ of principal anu interc"it payahle under the Itrms of the
<br />lli'h: secured h('r(b~'. the ~1ortgag(lr will P:lj" lu the MUrlg~lgCC, on the fir,t day of CJch month until the sail! note is fully paid. the
<br />follt1wing sum!.:
<br />
<br />b) Amount sl.lflidc-nt {o pW'Vidc the holder !I("fcul" \~ith funds 10 :)~IY the ncxt 1lI0rlgagC insuran<.:.c premium If thIS
<br />IlIsttUmenl awl the llOle' s('CtHCU herd'!, Jrc insufl'd. (11 J Ill:mlldy rhargc ! In liell {If II mort}.:cgc insurance pre
<br />miLl1n) if the}' :J.TC held oy Ihe Seoctary of UousJng anti Ulhall Dl'velopmrnl. as folhl"'.s.
<br />
<br />(I) If and ];(1 In-llg as SJ,jd Hot.e of eveH dat~ and Ill1$. !nsllurncnt ;1It.' inslJlcJ. 01 ;.uc n:HlsuICU undt'f the pru.
<br />visions of Ih....' National :lousing Act, an J11l01;nt .suffkil':J! hI accumulate in lhe h';HH.h ,,Jf the hulder one
<br />
<br />:thrf!tt y.nrl tiOrll tt\@ d!\tl'J hc!e~)tj
<br />:)~ ;!l()r;.h:t tx~m :u,~ fit:JH p.s~r:I'j~nt d4t~!
<br />'t hf; :I!i ':_,~, I"-~:r_', "l ,:
<br />
<br />I~f' ,:". ,,~ r ,Il'. .~;.l}M< '0'1', .-', M,J. 0,-. \..);."'1 Un~,j ::-:~pn;'f ,I I: ""''-l\ '_'.-;l
<br />
<br />STAlE or N[.U.RASKA
<br />t\iL ;.i;'/l1M;9 1~1
<br />'4, ,T!' .-'IJC 1 ~~;")j
<br />
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