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31-r~2-a0{3~ ' T'b'ia forns i$ used in eorusae-
<br />~j.~r~ ,y,r~+ tioa a~itlt mortgages ir{aurt,d
<br />.~V~ l ~l'#V>Cr rnrdez the oat- ;tn tGUr-*ty
<br />I pt•osniiom of the Natioa~al
<br />?9~ I ~ A~
<br />Ut)25i~~
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<br />THIS MORTGAGE. made sad exectned t)us 1st day of ~Y ,A.D.
<br />19 79 ,byatdbetwcen P.onald W. Bunde and Diane L. Bunde, husband and wife
<br />of the County of Hall ,sad State of Iebraska, party of the first part, hareinafter called
<br />the Morig~or, atr! Mortgage Plus Incorporated ,
<br />acorporathmorganizedam/existingunderthelawaof the United States of America
<br />party of the second part. hareirutfter called the Mortgagee,
<br />WfI'NESSETH: That the said Mortgagor, for and inconsideration of the sum of Forty Three Thousand Three Hundred
<br />and 00/100ths -------------------------------- Do11a-s {S 43 , 300.00 ), paid by the Mart-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold a~ by these presents does Grant, Bar-
<br />' gain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the followit~-0escn'bed
<br />real estate, situated in the County of Hall ,and State
<br />of Nebraska, to wit:
<br />Lot Three (3), Block Twenty-Five {25), in Packer and Bafr's Second Addition to the
<br />City of Grand Island, Hall County, Nebraska.
<br />of the Sixth Principe! Meridian, containing in all city property
<br />meet survey:
<br />saes according to Govern-
<br />TO HAVE AND 1'O HOLD the premises above described, with atl the appurtenances thereunto belonging and including
<br />afi heatirM, plumbing and lighting fiirtnres and equipment now or 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 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 all persons whomsoever, and t~ said Mortgagor here-
<br />by rthes-all rights of homestead,-and alt martial rights, either in taw or in equity, and aI) other contingent interests of the
<br />Mortgagor iq and to the abovz-described premises, the intention being to convey hereby an absolure title, in fee simple, includ-
<br />iii altrights of-homestead, and other rights and interests as aforesaid.
<br />PRO4IDED ALWAYS, and these presents aze 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 Three Thousand Three
<br />Hundred ant 00/100ths - ____ Dollars (3 43 , 300.00 ),with interest from
<br />date atthe rate o Ten per centum ( 10, 00 %) per annum on
<br />the unpaid balance unn7 paid. The said principal and interest sha8 be payable at the office of Mortgage Plus Incorporated
<br />in Englewood, Colorado , or at such other place as the holder of
<br />the note may designate in wnhng, in monthly installments of Three Hundred Eighty and 17/100ths ------
<br />Dollars ($ 380 17 ). commending on the first day of
<br />June , 19 79 , anri'on the first day of each month thereafter until the principal and in-
<br />terest are fufly paid, excepf that the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on the first-day of May 2009 ;all according to the terms of a certain promis-
<br />sory torte of even date herewith execuud by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />1. That he vriU pay the-indebtedness, as hereinbefore 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 aze next due on the note, on the first day of any month
<br />prir>r ur maturely: Provided;- trowever, That written notice of an intention to exercise such privilege is given at least thirty (30)
<br />days prior to prepayment:
<br />2. That, to~ettier with, and 'sn addition to, the monthly payments'of prutcipal and interest payable under the terms of the
<br />Wort secured hereby, the Mortgagor wil! pay to the Mortgagee, on .the fast day of each month until the sai21 note is fully paid, the
<br />foNOsring_sums: .,
<br />{a) Amount sufficient. to provide the holder hereof yrith funds to gay- the next mortgage insurance premium if this
<br />instrument and the Wort secured hereby art iitatsred, or a monthly dtazge fin lieu of a mortgage insumnce pre-
<br />mium) if they are held. by the Secmtary of Housing and :Urban Development, as follows:
<br />(1) if and so long ~ said note of evm dots and u,isumtrutrert are inrarzd or are reirsnred :;riser :,fix pro-
<br />visions of the I~lativrtal Hottsing Act, an amount sufficient to zccumulate in the hands of the holder one
<br />P~{~ ~ ~ ~i~ STATE OF NEBRASKA
<br />fHA-?143M {r Q.771
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