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<br />'1'hia farm is used in amr,ec-
<br />Lion with nwrtgages insured
<br />MORTGAGE under the one- to four-family
<br />provisions of the National
<br />82- n n A p q ~r Housing Act.
<br />V V `# O't U 06130968
<br />THIS Mf)RTGAGE, made and executed thisl2th day of November .A.D.
<br />l'$2 , by and betweenlferlin G. Breeden and Bonnie C. Breeden, husband and wife
<br />of the County of Hall ,and State of Nebraska, party of the first part, hereinafter calved
<br />the Mortgagor, and - _ -
<br />COMMERCIAL FEDERAL SAVINGS 6 LOAN ASSOCIATION
<br />a corporation organized and existing under the laws of Nehraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: Thal the said Mortgagor, for and in consideration of the sum ofFIFTY EIGHT THOUSAND
<br />and 00/100 Dollars ($ 58 000.00 ), Paid by the Mott-
<br />gagee, the receipt-of which is hereby acknowledged. has Granted and Sold and ~iy these presents does Gran[, Baz-
<br />gain, Sell. Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following-described
<br />real estate. situated in the County oflall .and State
<br />of Nebraska. towit:3559 Hillside Drive, Grand Island, Nebraska 68801
<br />Lot Nineteen X19), Westroads Estates Fourth Subdivision,
<br />Hall County, Nebraska.
<br />II XriX~tiisliEXlCbXX~n
<br />TO HAVE ANU TO HOLD the premises above described, with x11 the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures .md eyuipment now ur hereafter attached to or used in connection with said real estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants with, the Mor[ga-
<br />gez, that the Mortgagor has good right to .yell and convey said premises; that they are free from encumbrance: and that the
<br />Mortgagor will warrant and defend the same against the lawful claims oLfil persons whomsoever; and the said Mortgagor here-
<br />by relinquishes all rights of homestead, and all martial rights, either in law or in equity, and all other contingent interests of the
<br />Mortgagor in and W the above-described premises, the intention being to convey hereby an absolute title, in fee simple, includ-
<br />ing all righu ut homestead, and other rights and interests as aforesaid.
<br />PROVIDED.4LWAY'S, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Iviortgagee, or order, the principal sum o~IFTY EIGHT THOUSAND
<br />and 00/100 Dollars(Si8,000.00
<br />with interest front date at the rate'SWELVE and 50/100 per centwn ( 12.500 I) per annum on
<br />the unpaid balance until aid. 'fhe sat princi al and interest shall he pa able at the ottice of
<br />Cotamerciaf Federa~ Sav~ngs fi Loan Associyation
<br />itpmaha, Nebraska or at su-h o~}terplace as the holdet of
<br />the note may designate in writing, in monthly installments o~IX HUNDRED NINETEEN and `G4/l0U
<br />Dollars (S b19.44 ), commencing on the fast day of
<br />January , !~3 , and on the first day u[ each month thereafter until the principal and in-
<br />terest are fully paid, except that the final payment of principal and interest, if nut sooner paid, shall be due and
<br />payable on the first day of December, 2012 , ;all according to the terms of a certain promis-
<br />surynote of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees: -
<br />1. T'ha! he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equaE.EU one or more monthly payments un the principal that are next due un the. nuts, un the-first day of any month
<br />prior tv maturity: Provided, however. "fhat written notice of an intention to exeroise such privilege is given at least thirty (30)
<br />days prior to prepayment.
<br />^. That, together with, and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />ndte secured hereby, the Mortgagor will pay to the Mortgagee, un the First day of each month until the lain note is fully paid, the
<br />fvllgwittg sums:-
<br />{a) Antvunt suffieiem to provide dtu holder hereof wish funds t+, pay the nett uortgage i,=~ -~ premium if this
<br />instrument artd the note secutcd hereby are insured, ur a monthly charge ; in lieu uJ'a .,,, .-kr• insurance pre
<br />mPum) tf they arc held by the Secretary of Housing and ~lrkran Dnvelopn~ent, as follows
<br />EI) if and so tong as said note of even date and this instrurrtettt arc insured ur are mvtsured under the pttr
<br />t°sluns ut -the National housing Ar-t, ar, amount sufticictit to accunwiate in the hands of the haatder one
<br />Yt®p~ecrcs FMA.1!43M vris,cb maY lx uwd..:,c1 supyiY rs e.hauxta? tiTA'fEl)t' NF'.E31tASICA
<br />- HrJp~$If A3M !8-791
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