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<br />~~ ~~~~~~
<br />33-~~2-O",~i3
<br />"~iOl~TGAd~E
<br />- ~ f~~ ~s ~ ~,~ ~,-
<br />tiion will; aaurtgagea ittt:mred
<br />uzaler tine a~rne- ~ four-fancily
<br />proviaiorss of the !tistional
<br />Sousing AeY.
<br />THIS MORTGAGE. made aai exeactsd this 2bthdaY of April ,A.D.
<br />19 79 , by and between Derutis D. and Kimberly G. Nelson, httsbartd artd wife
<br />of the County ~ Sall ,acrd State of Nebraska, Party of the first part, hereinafur pfied
<br />the Moor, acid ~ Plas Ittocrporated ,
<br />a c~poration organized and existirsg u~r the taws of t}te [Tnited States of Attt~ica
<br />party of the second part. hereinafter called the Mortgagee;
<br />W[TNESSETH: That the said Mortgagor, for and in consideration of the sum of Forty Trap 2llovsartd Serjplt Htstdred
<br />Fifty and 00/100ths --- --- Dollar (S 42 750.00 ),1~ by the Mort-
<br />. gagte, the receipt of which is hereby acknowledged, has Granted and Sold aad b'y these presents does Grant, Bar-
<br />gain, Sell, Convey aad Confirm unto the Mortgagee, its successors and assigns, forever, the following-described
<br />real estate, situated in the County of Hall ,and State
<br />of Nebraska, to wit:
<br />Lot t~ (1) , Black t]ze (1; Waggenes Sttbdivisicn to tl~ City Of t~arrl Island, Hall
<br />Cottrtty, Nebraska.
<br />of the Sixth Principal Meridian, conmining in a31 City propexty acres according to Govem-
<br />mentsurvey:
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter attached to m used in connection with said real estate
<br />unto the' Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and coveemnts with, the Mortga-
<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 same against the lawful claims of alt persons whomsoever; arcd the said Mortgagor here-
<br />by relingssishes a!l rights of homestead, and all martial rights, either in taw or in equity, and ail other contttt~nt intec~esis ~ t~
<br />Mortgagor in and to the above-0escribed premises, the intention-being to convey hereby an absolute title, in fee simp~, includ-_
<br />ing at1 rights of homestead: andother rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Forty Trap Ti'tottsatxi SeVPSt Httttcired
<br />Fifty attd 00y100t1•ts - -- Dollars (S42 , 750.00 ).with interest from
<br />date at the rate of ~~~~ per centum ( 10.00 %a) per annum on
<br />the unpaid balance unuTpazd. The said principal and interest shalt be payable at the office of INOrtgage plus Inonrporated
<br />in Ealgletapod, Colorado , or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of R11tee hittldx'2d SeVertty_five and 35/100ths-
<br />Dollars (S 375.35 ), commending on the first day of
<br />,7» , 1979 ,and on the first day of 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, shalt bt due and
<br />payable on the first day of AAap 2009 ;all according to the terms of a certain promis-
<br />sory rwte of even date herewith executed by cite said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />1. -That to will gay _the indebtedness, as hereinbefac provided. Yriviiege is ttserved to pay the debt is whole, or in an
<br />"; amount equal to one or more monthly payments on the principal that are next brie on the note, on the first day of any month
<br />~- -prior to maturity: Provided, however, That written cmtice ut an intention to exercise such privilege is given at Least thirty (3(1)
<br />'°* days prio[to prepayment,
<br />'` 2. -That, together wiRh, aad in addition to.the monthly payments'of grirtcipal and interest payable under the terms of the
<br />note securtd hereby, the Mortgagor will nay to t$e Mortgagee, on the first day of each month until the sai3 note is fully paid, [he
<br />- ~~ toifowitcgsums:
<br />{a) Amount sufficient to provide the holder hereof with funds to pay the next mortgage insurance premium if this
<br />insUuttractt and the note:seeured hereby are irtsttred, or a monthly charge ,/fn lieu of a morrggge insurance pre-
<br />- 7nftrm}tf they are held by the Seerctary of Sousing and Urban Development, as follows:
<br />{I) If and,so long as said notestf even date and this instrurrcent are insured ar are reinsured under the pro-
<br />viaiorts of the National,Ifouafnc Act, an amount sufficient to accumulate in the hands of the holder one
<br />aravious EditioM ere Obrolete STATE OF NEBRASKA
<br />FHA-~743M Ira-771
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