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<br />02-26-4633`
<br />MflI~TGAGE
<br />This form is used in connec-
<br />tion with mortgages insured
<br />under the one- to four-family
<br />provisions of the National 1
<br />Hausin~ Act. JI
<br />82° ti0~'779
<br />THIS MORTGAGE, made and executed this 31s*_ day of August ,A.D.
<br />19 82 ,byattdbetwcen DENNIS L. OTT ANll LYNDA I,. OTT, EiUSBAND :AND WIFE,
<br />of the County of Hall ,and State of Nebraska. Dart} of the fiFSt part, he[tinafttr called
<br />the Mortgagor. and
<br />THE RICHARD GILL COMPANY
<br />a corporation organized and existing under tMs laws of the State of Texas
<br />party of the second part. hereinafter called the Mortgagee.
<br />W [TNESSETH: That the said-Mortgagor, for and in cons~eiationo[ the sum of r ORTY-SECTEN THOUSAND AND
<br />NO/100------------°___---- --,-_~--_-----w_------dollars (5 47 , 000.00 --- ), Paid by the bfort-
<br />gagee, the receipt of whech is hereby acknowledged.>has Granted and Sold and by these presents does Gmnl, Bar-
<br />gain, Sell. Convey and Confirm unto the Mortgagee, ns ;ticcessars and assigns, forever, the following-dtscribed
<br />real estate, situated in the County of HALL ,and State
<br />of Nebraska, to wit:
<br />THE NORTHERLX"THIRTY-SEt7EN (N37'} FEET. OF LOT FIFTEEN (i5? AND THE
<br />5013THERLY FORTY FEET (540'3 OF LJT FOIIRTEEN (1~'1, WOLEE'S SLIBFiIVISION,
<br />CITY OF' GRAND ISLAWD, HALL COUNTY, NEBRASKA.
<br />of the Sixth Rinstiprl MerMian. rpntainittginaN city. property .:cres according to Govern-
<br />ment survey:
<br />TO HAVH AND TA.HOLD the,ptemises;above desci•ilxd: with all the appurtcnunees thereumo belonging snd including
<br />all heating, plumbing and lighdngfixturesand equipment rww ur herea(ler attached to or used in ConnecUUn v:i[h card teal estate
<br />unto the MOit~ee, and~fo its successors and assi~s. forever. fhe ktortgagnr « presents m, and covenants with, tho-Mo~tga-
<br />Qee, that the Mat~or has liu0d right rA sell and convey said premises, that they are free from encumbrance; and that Lhe
<br />Mort~or will warrrnt and defend the same against ±he lawful claims of ell perwns whomsoever; and the sa,dMOrtgagor here-
<br />by relinquishes ail rights of homestead, and all martial rights, either in law ur in equity, and alt other contingeltfintorest> of the
<br />Morty~ur in and io the above~escribed premises. the intention being to convey hereby an at±w(ute utk, in fee simple. includ-
<br />ingall rights of humexte.d, and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the fo{lowingconditiun~, town:
<br />The Mtxt~ur agrees to pay to the Mortgagee. rx order, the principal sum at rFORTY-SEVEN '£iiOUSAND AND
<br />------ (k>IlusiS 47,040.00 ------------:---~-), with+nierext from
<br />NO/100-----------------------
<br />er centum i 14, 0. `%~J per annum on
<br />date a[ the rite of FO(TRTEEN P
<br />¢he u,+paid Lwian:t until paid. The said principal and interest shall be payebk at the office of TFLE RICfLARD GILL COMPANY
<br />in San Antonio, Texas 78292 .or at such otherptaceasthchalcten,f
<br />the twic may dtsignate in writing, to monthly insta[lmcnts of rr4-g HUNDRED r IFTY-.;IX AND. B9/ICU- --------
<br />___-___-_____________________[bllarsi5556_85 ------------------),cummendtngonthsttrsidaybf
<br />Oetobe , 19 82, end on the first day o(ee~t, aon:h thereafterurtii the principal and in
<br />terest are Fully pai3. except that the fit>:,f naymcnt of principal :rnd interest, if sOl sooner p.rid, <h~li he due and
<br />payable on the nrst day of September, 2012 :all accordingYothc terms of a certain promis-.,
<br />spry note o(even d'rtc hcrcwi;h executed by the said Mortgagor.
<br />The V4urt~gor in order more fully to protect the security of this Martga~e. agrees
<br />
<br />1. That be will pay the irxicbtednes, as heretnbefore provtdea_ f'rtvtlegr, a rescrceu u~ pa}- me ego[ m wnotc, yr m an
<br />amount egos; to one or moro monthly payments or. the poncipat that arc next due on the note, or t;ae fist daj of and momla
<br />prior in rtafurity: Provided. however, That written notice o{ an intentior, !o ezer ise such f•ri.~iiege is given :~t Ieao-t thirtti t30i
<br />days pricy to prepayment.
<br />?hat, together with an.'. ir_ a.{d N,un m, t}x rottthl} r~'r'meats of princips? »rd inter t ~a }•abic t.nder the rn~ ~~f tlic
<br />note soured hcrehy, the ?tic+rigugor viili pay to the llbrtgagte_ urt the fiat da~: o: each mcntn rntii tite s„i:' aoR~ i~ lolly ,,.ud, the
<br />following sums:. -
<br />(al :Vrtcz,t t su'.Tv_ten, to prct-,do the holutr her?,:f with Eunu. :pay rn. rrx; m t g, @<~ ins c;..r. t' :r=it.•~~ ii tlu,.
<br />, .~
<br />. ~ _rrviru.ncr=t :n¢i lac n,sc sc~l.rca lteratrp are ut,x.r.;.,:jr :+ _v,his- ..ta.Y,. ~z~r ;<v, r-~'> 7 .,tizcr~ 6+, ~ ..,,. ,
<br />nt1~i ~ .; 'he} nr~ ne3d h~~ u c Se~+eiary ~.:f H<i,esin ._...1 t;tt ~.- f3ev~!c t, ..,,'_ as ,.lour,
<br />t
<br />fi; it ~~~~ s ,:~nr :; ~ :, ,mte ~.. ~nn c!at _., ,tos ,. -..._~.z¢ a .,ts:ar 1 -- ~ . _. -..: i~ ?,e > -
<br />ti"E ; i l t)i-'.'ti ra3ttAi3h'.
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