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<br /> ptrcCE# SE /74 ...C G E-rhis rm is used in conoectivr m
<br /> with S inxunld tits
<br /> lour-four-fs emltly provismoWons of
<br /> MOO1 41E
<br /> ~ ,7`t't DIIG-ON-`SALE onst Ftommsirmp Ad.
<br /> ADDER"
<br /> THIS MORTGAGE, made and exec►-►; ; this 13th day of January
<br /> 1.9 84 . by ,end between Bryan J,: Setlik., a single person,
<br /> of the County of Hall and State of Nebraska. party of the first part. hereinafter called
<br /> the Mortgagor. and the Secretary of Housing and Urban Development, his successors or
<br /> assigns,
<br /> a.ca~po~+ii~w-erf~iaa~$s~r~+catrtirml;~►a~#er~~lawse~
<br /> party of the second part, hereinafter called the Mortgagee. hre W ITNESSETH: That the said Mortgagor, for and inconsideration of the sum of Thirty-two thousand Fy the ort-
<br /> Dollars(7~ 32,300.00
<br /> Hundred and
<br /> Sagce, the receipt of which 1s hereby acknowledged, ilas Granted and Sold and by these presents does Grant, Bar-
<br /> gain, Sell. Convey and Confirm unto the Mortgagce, its successors and assigns, forever, the following and State
<br /> real estate, situated in the County of Hall
<br /> of Nebraska, to wit:
<br /> Lot Thirteen (13), Jamson Subdivision, in the City of Grand Island,
<br /> Hall County, Nebraska.
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<br /> of the Sixth Principal Meridian- containing in all ,acres according to Govern-
<br /> ment survey:
<br /> TO HAVE AND TO HOLD the premises aba've described, with all the appurtenances thereunto belonging and including
<br /> all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br /> ur.to the htorlpgec. and to its successors and assigns, forever. The Mortgagor represents to, and ~;cvenants with, the Mortt;r+-
<br /> gee: that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance: and that the
<br /> Mortgagor will warrant and defend the sane against the lawful claims of all 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 to the :rbnve-described premises, the intention licingto convey hereby an absolute title, in fee simple, includ-
<br /> ing all rights of homestead. and other rights and interests as aforesaid.
<br /> PROV IDED ALWAYS, rind there presents arc executed and delivered upon the following conditions; to wit:
<br /> The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Thirty-two Thousand Three
<br /> Hundred and no/100 _IN"Ilars 32, 300. 00 1
<br /> ` with itverest from date at the rate of eight per centum ( 8) per annum on
<br /> the unpaW balance until paid. •rhe said principal and interest shall be payable at the office of the U.S. Dept, of
<br /> Housing and Urban Development
<br /> in Atlanta, Georgia . or at such other play •1s the holder of
<br /> the note may designate in writing, in monthly installments of Two Hundred Thirty-seven and . 02 J 100---•-----
<br /> ----------------4)oilars (S 237.02 commencing on the first day of
<br /> March , 19 84, and on the first dray of each month thereafter until the principal and in,
<br /> terest are fully paid, except that the final payment of principal and interest, if not sooner paid, shall be due and
<br /> payable on the first day of February, 1991; ; adl a~crording to the terms of a certain promi%-
<br /> sory note of even date herewith executed by the said Mortgagor. This mOr tf;age Is subject to the Addendum
<br /> whi atta,he here o and made a art kegoi.
<br /> 111e 1Gfortgagor in order more~ully to protect the . runty 01 t is Mortgage, agrees:
<br /> I- That he will pay the indebtedness, as hereinbcfore provided, Privilege is reserved to pay the debt in whole, or in an
<br /> amount equal to one or more monthly payments on the principal 'that are next due on the note,. on the first day of any month
<br /> prior to maturity: Provided, however. n.at written notice of an intention to exercise such privilege ix given at (cast thirty (30)
<br /> days prior to prepayment.
<br /> 2. That, together with, .xnd in addition to, the monthly payments of principal and interest payable under the terms of the
<br /> note secured hereby, the Mortgagor will pay to the Mortgagee; on the first day of each month until the will note is fully paid, the
<br /> ' fallowing sums:
<br /> (a) Amount sufficient to provide the holder hereof with funds to pay the next mortgage insurance prernhum if this
<br /> instrument and the note secured hereby are insured, or a monthly charge (in lieu nja nlnrrgage i►r.uara,tr(. pre-
<br /> miurn) if they are field by the Secretary of Housing and Urban Development, as follows:
<br /> (1) If and so long as said note of even datr and this ins!rutnent are insured or are reinsured under the pro-
<br /> visions of the National Housing Act, an amount sufficient to accumulate in the hands of ilic holder one
<br /> STATE OF NEBRASKA
<br /> HUO 92143M (9-19)
<br /> . - rr«. ..nom.,..,
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