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This form is used in connec-
<br />31°04-0122 tion with mortgages insured
<br />~o~T'~~G"'~j' under the one- to four-family
<br />provisions of the National
<br />Igo. U ~ 3 ~ 4 5 xauaing act.
<br />( WITH DEE`ERRED INTEREST AND INCREASING MONTHLY INSTALLMENTS)
<br />THIS MORTGAGE, made and executed this 18th day of June ,A.D.
<br />19 79,byaitdbetwan Richard L. Amenell and Joyce M. Amenell, Husband and Wife
<br />of the County of Hall ,and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, at:d
<br />MORTGAGE PLUS INCCRPORATED
<br />a corporation organiud and existing under the laws of the United States of America ,
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Sixty Thousand and
<br />no~l00t>zs-------------------- - ------ --Dollars (S 6d0, 000.00 ), Paid by the Mort-
<br />,, gaga, receipt of which is hereby acknowledged, has vranted and Sold and by these presents does Grant, Bar•
<br />gain, Sell, Convey and Confirm: unto the Mortgagee, ies successors and assigns, forever, the following-0escribed
<br />real estate, situated in the County of Hall ,and State
<br />of Nebraska, to wit:
<br />Lot Nine (9) in Sack Voss Horse Country club Second Subdivision,
<br />being a tract of land comprising a part of the Southwest quarter
<br />(SW';) of Section Two (2), Township Eleven (11) North, Range Ten
<br />f10) Wast of the 6th P. M. in Hall County, Nebraska.
<br />Also known and numbered as:
<br />4308 Saddlehorse Court - Grand Island, Nebraska 68801
<br />(deferral of interest tray increase the principle balance to $63,315.85)
<br />of the Sixth Principal Meridian, containing in alt City Property acres according to Govern-
<br />mentsttrvey:
<br />70-HAVE AND TO HOLD the premises above described, with all fne appurtenances thereunto uelonging and including
<br />all in'ating, plumbiagund lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br />unto the?dorfgtigee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants with, the Mortga-
<br />gee,.tharthe Mortgagor has good right to sell aml convey said premises; that they aze free from encumbrance; and that the
<br />TAortgagor wit! warrant and defend the same against the lawful claims of ail persons whomsoever; and the said Mortgagor here-
<br />by relittgttishes all-rights of homestead, and all mortis{ rights, either in law or in equity, and alt other contingent imerests of the
<br />Mortgagor in and to the about-described premises, the intention being to convey hereby an absolute title, in fee simple, includ-
<br />ing att rights o£ homestead, and other 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 Sixty Thousand and
<br />~~~~s__-___-__ Dolma (S 60 , 000.00 ), with interest from
<br />date - T-n -------- per centum t p , 0 °o) per annum on
<br />the unpaid balance until ~. The sat4 principal and interest shall bs payable at the office of
<br />PfC1RTGAGE PLUS INCORPORATED
<br />~ Englewood , Colorado or at such other place as the holder of
<br />the note may designate in wrung, m monthly installments of (according to Schedule A attached to said note)
<br />-----_~~----~-------------IDoilazs (S _---------------------- )• commending on [he first day of
<br />August , i9 ~9 ,and on the fast day of tack month thereafter until the principal and in-
<br />terest art fatly paid, except that the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable oq the first day of ,ju1y 2pp9 ;all according to the terms of a certain promis-
<br />st>iy mate of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the scctuity of this Mortgage, agrees:
<br />I. Tdat he wt~l pay the indebiedtteas, as hereinlxfore provided. Privilege is reserved to pay the debt in whole, or in an
<br />~.„amount equal to Otte oc more monthly payments on the Principe! that are next due on the note, on the first day of any month
<br />`prior to maturity: Irrovded, however, ThaC written notice of an intention to exercise such privilege is given at least thirty (3p)
<br />days Pno~ to prepayment.
<br />.. , 2. That, togtther with, and io addition to, the monthly payments of principal and interest payable under the terms of the
<br />. note seemed htxcby, ilia irtatgagor cw-ll pay to the Mortgagee, on the first day of tech month until the will note is fully paid, the
<br />ralkisvi~:
<br />(aj Amount suffieiettt to provide the holder hereof with funds to pay the next mortgage insurance premium if this
<br />iasttiimestt aad-tile note:sowed hereby are insured, ar a monthly charge (tn flea oja morrggge insurance pre-
<br />tnfurn) if they-hit hold°by die.Snt:retary of Hottsing aad Urban Development, as follows:
<br />([) If and so long u said. note of even date and this instrument are insured or are reinsured under the pro-
<br />visions of the National Housing Act; an amount sufficient to accumulate in the hands of the holder one
<br />STATE Ot+ N;uSI:ASMA
<br />WCVIOUt Editions am Ohaolste FHA-Z T S3M (t 0-T 7
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