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<br />31-02-0088 Phis form is used in eonnec-
<br /> tion with tnortgnges insured
<br />M®~T~~G~j
<br />Il under the one- to four-family
<br /> provisions of the National
<br /> Housing Act.
<br />79--~,1t~ 42g5
<br />THIS MORTGAGE, made and executed this 3rd day of July X.~ 5' ~ ,A.D.
<br />19 79 ,byatMbetween Garlan LEE Schoenrock Jr. dn3 Kathryn J. Schoenrock, husband and
<br />:Fn
<br />of the County of Hall "~
<br />the Mortgagor, and
<br />and State of Nebraska, party of the first part, hereinafter called
<br />Mortgage Plus Incorporated
<br />acorparationarganizedandexistingunderthelawsof the United States of America
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, far attd in consiaeration of the sum of Thirty Four Thousand S iX
<br />Hundred and 00/100ths ----------------- Dollars (S 34,600.00 ),paidbytheMort-
<br />'gagee, the receipt of which is hereby acknowledged, has Granted and Soid and by these presents does Gran[, Bar-
<br />gain, Sell, Convey and 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 />The Northerly Forty-Nine and Two Tenths (49.2) Feet of Fractional
<br />Lot Eight ($) in Fractional Block One Hundred One (101), in Icoeniq
<br />and Wiebe's Addition and its complement to-wit: Fractional Lot
<br />~:ight (23), in FraGtioi-Yai iSio~:k irre Huridred vrxe (ivi) i" nailr^,ad
<br />Addition both being Additions to the City of Grand Island, Hall
<br />County, Nehrasica.
<br />also known and numbered as:, 214 S. Elm, Grand Island, Nebraska. 68801
<br />oftbeSixihPtiacipalMeridian,contaittinginall City property actesaccordingtoGovern-
<br />mMt survey:
<br />TO HAVE AND TO HOLD the gmmises above described. with all the appurtenances thereunto belonging and including
<br />a0 heating, phimbiag and tigPttittg fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br />tnttot2ie Idortga~e, and to'tts successors and assigns, forever. The Mortgagor represents to, and covenants with, the Mortga-
<br />gx, that the Mortgagor has good right [o seR and caavep said premises; that they are free from encumbrance; and that the
<br />Mortgagor wilt warrant and defend the same against the lawful claims of alt persons whomsoever; and the said Mortgagor here-
<br />!~ r_~~ri~~s afi rights of htunestead, and all martial rtghu, either in law or in equity, attd aD other contingent interests of the
<br />Mor~tgar in and to the abavr-descrihed premises, the intention being to convey hereby an absolute tftle, in fee simple, in-.lud-
<br />ittgslt rights of hoatestead, and other rights and intetests az aforesaid.
<br />PROVIDED ALtiI'AYS, and these ?resents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee. w order, the principal sum of Thirty Four Thousand Six AttndrEd
<br />and ooj100ths J><illarstS34,600.00 ), with interest from
<br />date ~ the rate of Ten per centum ( 10.00 s'r) per annum on
<br />the ttttpaid bahaee utNil paid. The said principal a~ interest shall be payable at tht office of Mortgage Plus Incorporated
<br />Englewood, Colarado
<br />or at such other la a ~5xh t er,of
<br />the awe may designate m writing. in manthly ittstallaicnts of Three Hundred 1~'ourtEEn ait~ S1/ ~~~tns
<br />Dollars ~ 314 .51 ), commending on the first day of
<br />August 1977 , aadon i~ first day of each month thereafter until the principal and in-
<br />terest are fuDy pzdd, ex t that the filial mwt of principal and interest, if not sooner paid. shall Jx due and
<br />payable on the first day of ~uly Z 0~ 4 ;nit according to the terms of a cettain promis-
<br />sa:y ao€e of evra date hercwth executed by the said Morfgsgar.
<br />The Mtrtgagor is order more fuAY so prated t1g ucurity of this Martgage, agrees:
<br />1. Tha[ Ile will {tsy the iadebtedtuss, as heteiabefare provided. Privilege is reserved to pay the debt in whole, or in an
<br />araotmt aqual to one ar name mwttbiy payments w[ the principal that are text due an the onto, an the firs[ day of any month
<br />prinrr to tasttuAy, PmvideA, Iwwevcr, Thai vri[ten notice of an intention to exucise such privilege is given at least thirty tom?
<br />days prix 18 ptepayaient.
<br />2 That, togethtx wit#i, and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />ntwe ae hveby, the JSlattgagor wdl pay to elm Mortgagee, ~ the fast day of each month until [Ix sai5 note is fully paid, [he
<br />following aunts:
<br />{ti) Aaiouat stifCicient Yo provide die hcd&r hereof with funds to pay the nzxt mortgage insurance premium if this
<br />ittsintmevt and the note aeeured hereby are inwred, or a monthly cltatge fin Lieu oja mortgage intumnce pre-
<br />tttfnrn/ if Htey are held by tlr-' Secretary of Hass~tg and Urban Development, as follows:
<br />(f) if std so ]ong u aid note of evm date and thu instrument are insured ar are reinsured under the pro-
<br />visforis of the National Housing Act, ae amount sufficient to accumulate in the hands of the holder one
<br />STATE OF NEBRASfiA
<br />Previpn EeLtians N*t~i'le FHA-2143M 110-J7)
<br />
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