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31-O1-OI25 ~ This form is used in connec-
<br />~ggg~~r~ tion with mortgages insured
<br />~ili~ 1'~AG~j under the one- to four-family
<br />provisions of the National
<br />Housing Act.
<br />79-U Cl 4 ~ $ 5
<br />THIS MORTGAGE, made and executed this 2 7th day of June ,A.D.
<br />l9 79 .by and between Thomas Lee McCleery and Sandra M.MCCleery, husband and wife
<br />of the County of Hall ,and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and Mortgage Plus Incorporated ,
<br />a corporation organized and existing under the laws of the.United States of America
<br />patty of the second part, hereirafter called the Mortgagee,
<br />WITNESSETd: That the said Mortgagor, for and in consideration of the sum of Thirty Two Thousand Two
<br />Hundred. and 00/100ths ------------------ Dollars (S 32 , 2 00.00 ), paid by the Mort-
<br />` gagce, the receipt of which is hereby acknowledged, has Granted and Sold. and by these presents does. Grant, Baz-
<br />gain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the fallowing-described
<br />real estate, situated in the County of Ha 11 ,and State
<br />of Nebraska. to wit:
<br />The West One Hundred (100} Feet of the North Sixty-Six (66) Feet
<br />of Block Six (6) of Pleasant Home Subdivision of Part of the East
<br />Half of the Southeast Quarter (E'~SE~a) of Section Twenty-one (21},
<br />in Township Eleven (11) North, Range Nine (9) West of the Sixth
<br />P.M., Hall Cottnty, Nebraska.
<br />also known and numbered as: 423 West Oxnard, Grand Island,Nebraska.
<br />of the Sixth Principal Meridian, containing in all city property acres according to Govern-
<br />ment survey:
<br />TOHAVE AND 1'O HOLD'the premises above described, with all the appurtenances thereunto belonging and including
<br />ail heating, plumbing and lighting fixwres and equipment now or hereafter attached [o or aced 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 aze free from encumbrance; and that the
<br />Mortgagor will warrant sad defend the same against the lawful claims of all persons whomsoever; and the said Mortgagor here-
<br />by rtfinquislxs all sights of hotnestead, and all martial rights, tither in law or inequity, and ail othtr contingent interests of the
<br />Mortgagor in and to the above-described premises, the intention being to convey hereby an absolute title, in ftt simple, includ-
<br />ingall rights of homesttad, and other rights and interests as aforesaid.
<br />PROVI^vED ALWAYS, and these presents aze executed and delivered upon the following conditions, to wit:
<br />The Mortgagor a ees to pay to the Mortgagte; or order, the principal sum of Thirty Two Thousand Two Hundred
<br />and OO~OOths --------- DollarsiS 32,200.00 }, with interest from
<br />date at the rate of Ten per cenwm ( 10.00 `Ycl per annum on
<br />the unpaid balaect until paid. The said principal and interest shaA be payable at the office of Mortgage P1uS IACOrpOrated
<br />~ Englewood, Colorado or at such other pI e s tly~h ide of
<br />thenctemaydessgnateinwriting,inmonthlyittstallmrntsof Two Hundred Ninety Two and '~Oflf~btrlis ----
<br />Dollars (3 2 92.7 0 }, commending on the fast day of
<br />August , ISP 9 ,and on the first day of each month thereafter until the principal and in-
<br />taest are fully paid, except tftat the final payment off ncipat and interest, if not sooner paid, shall be due and
<br />payable on the first day of July 2 0 (~~ ;all according to the terms of a certain promis-
<br />sory txite of turn date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />1. That he wiU 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 are next due on the note, on Ute first day of any month
<br />prior to maturity: Provided, howevtr, That writttn notice of an intention to exercise such privilege is given at least thirty (30}
<br />days prior to prepayment.
<br />2. -That, togelher with, and in addition to, the monthly payments of principal and interest payable under [he terms of the
<br />ante sixatred heteby, the Mortgagor will pay to the Mortgagee, on the lust day of each month until the lain note is fully paid, the
<br />folowing sums:
<br />(a} Amount suffteknt to provide the holdtr hereof with furitls to pay the next mortgage insurance premium if this
<br />instrument turd the torte secured hereby art insured, or a monthly chazge (fn lieu oJa mortgage #nsurnrrce ,ere-
<br />tnirtmJ if they are-held by the Secretary of dousing and Urban Development, as follows:
<br />(f} }f and so long as said note of even date and this instrument are insured or are reinsured under the pro-
<br />visions of the Natlonal dousing Act, an amount sufficient to accumulate in the hands of Ule holder one
<br />Previous Edifio~m ors-Oaoiata gTATE OF NEBnAS :A
<br />FHA-2943M Ile-77)
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