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I
<br />79-~t~tt32~1
<br />~~ 31-02-0062
<br />MORTGAGE
<br />'`"~i This farm is used in connec-
<br />tion with mortgages insured
<br />under the one- to four-family
<br />provisions of the National
<br />Housing Act.
<br />TH[S MORTGAGE, made and executed this 24th -day of rtap ,A.D.
<br />14 79 ,by and between Stanley E. Fernau & Leah L. Fernau, husband and wife
<br />of fire County of Hall ,and State of Nebraska, party of the first part, hereinafter called
<br />tht Mortgagor, and Mortgage Plus Incorporated
<br />a corporation organized and existing under the taws of the United States of America
<br />party of ibe second part, hereinafter tatted the Mortgagee,
<br />WITNF:SSETH: That the said Mortgagor, for and in consideration of the sum of Thirty -One Thousand Three Aundred
<br />and -Fifty and 00 j100ths--------------------------° Dollars ($ 31, 350.00 ), Paid by the Mort-
<br />; gages, the receipt of which is hucby acktrowtedgtd, has Granted and Sotd and by these presents does Grant, Bar-
<br />gain, SeU, Convey and Confirm unto tht Mortgagee, its successors and assigns, forever, the following-0escribed
<br />real estate, situated in the County of Aal l ,and State
<br />of Nebraska, m wit:
<br />Lots numbered Seventeen {17) and Eighteen (18), all in Block Five (5) of the
<br />t>ziginal t7wrr of Cairo, :call County, Nebraska.
<br />of the Sirth princQat tiferidian, containing in alt city property acres according to Covern-
<br />ment smvey_
<br />Tfl HAVE AND TO HOLD'tbe pttmiscs above described, with all tree appurtenances thereunto beelongirtg and including
<br />afl 6. ! and 6gitting tixhttts and equipment now or ttueafter attached to or used in cannectioa with said real estate
<br />the ~.-and to its sucrtssoss and assigns. fottvu. The Mortgagor represents to. and cOVtnant5 with. the MatYga-
<br />oea, t#t the M has gaol right to sell and convey said prtmists: that they art free from eneumbrancc; std that thee
<br />Afoctprgor rn'fi wattaert and dcfesd the sasst against the Lawful ctaims of all persons whomsoever; and the said Mortgagor bere-
<br />bytelingdahes aH tights of horestead, acrd aA ttrartia) rights, athtr in law or in equity. atsd aIl other contingent interests of the
<br />~ ~ to the above•describtd premises, tht intention being to convey hereby an absatute tick, in fte simple, includ-
<br />~ a$ r~ig#tts ~ homestead, and other tights a~ interests as aforesaid.
<br />PRGVIDED ALWAYS, and these presents art executed and delivered upon the following conditions, to wit:
<br />Tht Mcetgagor agrees to pay nt the AtortgAgee, or order, the pnmcipa[ sum of Thirty tie Thousand Three Hundred
<br />a~ Izif O(1j1O0ths-------------.1,lalkrs (S 31, 350.40 ). with inttrest from
<br />dtue at tbt t~&~ per ceatum i 1O, 00 `~) Pte annum on
<br />the mrQegl lataea ttntit paid~e said prittc>pml and intertsi shall be payable at the ofl'iet of Mortgage Plus Sna7rparated
<br />is 8nglewood , t]olorado , or at such other place as tht holder of
<br />the note nnydesignate ~ writi+tg,tn e+~ly ntstallmeata of Two Hundred Eighty-Four and 97/10Oths----
<br />r~_~_ D~ (S 284.97 ). commending oa [he first day of
<br />kitty , 29 79 , acrd an ibe first day of cash month thereafter until the principal and in-
<br />tatst stt fu6y ~, except that the final paymem of principal and interest, if not sooner paid, shalt be due and
<br />payable on the iirat day of Jutte 2004 , : aU aceotding to the arms of a certain promis-
<br />stay note of even dart herewith txceuttd by the said Mortgsgor-
<br />Tlie htartyaBor in order etott iufly to protect the sECrtriry ~ this Maflgage. ageecs:
<br />!- "!~ he sdt pay the irsdebiedne3s, as berrinla<iatt provided. Priv"tkgc is ttserved to pay the debt in whale, or in an
<br />arttourri egnai io one or"sort manffily paya4ents om dtc principal that arc next due on the note. on the first day of any month
<br />prior m tritY: iPiot(ided, hmrcvtr, That wtitttn notice of an irtttntion to extrciac such privilege is given at least thirty (30)
<br />days Prirtr w pa~tpayaatst.
<br />?. ThM, toytatber a+iEhh, and ie addition to, tau mo4thlY paytnenis of principal and intueu payable undo the arms of the
<br />ttu~ add !; the'fdottgagsx wt'(1 pay ~ , oa the first day ~ Loeb month anal the sail[ note is futtY Paid, the
<br />ftra~iis:
<br />(a) Atiicputt suf>':~ent u+ process the hotdm hereof kilt-fords to pay the next mortgage insuraaa premium if this
<br />instrument -and the rttlts aaettrtd hereby art irturred, or a monthly dtargc /in iYeu oJa mo»gage rnsumnce pre-
<br />- redone j if tbty one Iteld`6y t#e Secretary of Hous§tg and Urban Developnxnt, as follows:
<br />;r) ~ ana ao t -err rata Hots of semt-[tats ana this tmtrutttent are insured or are reinsured under the ra-
<br />vitc~u of the NatIwwi Hauaing Aet, an amount sufficient to accumulate in the hands of the holder one
<br />STATE OF NEBRASKA
<br />Vrev)pq Ed)ti0ef ate CthMta~'.., -~~ FMA-2143M 170-77)
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