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<br /> This form, is used to connec-
<br />31-01-0098 tion with mortgages insured
<br />MORTGAGE under the one- to four-fatuity
<br />provisions of the National
<br /> Housing Aet.
<br />79- ~r~)4287
<br />THIS MORTGAGE, made and executed this 2nd day of July ,A.D.
<br />Iv 79 .by and between Raymond A. Price and Laura A, Price, husband and wife
<br />of the County of Hall ,and State of Nebraska, party of the first part, hereinafter called
<br />theMortgagar,and Z~:ortgage Plus Incorporated
<br />acorporationorganizedattdexistingunderthetawsof the United States of America
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That [he said Mortgagor, for and inconsideration of tht sum of Twenty TWO Thousand One
<br />Hundred Fifty and 00/100ths ---------- Dollars (S 22,150.00 ). paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by [hest presents does Gran[, Bar-
<br />gain, Sell, Convey and Confirm unto [he Mortgagee, its successors and assigns, forever, the following-described
<br />real estate, situated in the County of H311 .and State
<br />of Nebraska. To wit:
<br />Lot Three (3), Block Seventy Six (76), Wheeler and Bennett's Third
<br />Addition to the City of Grand Island, Hall County, Nebraska.
<br />Also known and numbered as: 213 East 15th, Grand Island, Nebraska. 68801
<br />of the Sixth F4i~ipal Meridian. containing in all city property acres according to Govern-
<br />tnent sunev:
<br />3'6 HAVE .4ND TO HOLD the premises above described, with all the appurtenances thereunto beiongiog and including
<br />ail ltesfatg, plumbing and li~tin$ fixtures and equipment now or hereafter attached to ar used in connection with said teat [state
<br />unto t1rc Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenant. with, the Martga-
<br />gee, that the Mortgagor has good right to sell artd convey said premises; that they are free Pram encumbrance; and that the
<br />Martgagtx wd! warrant and defend the sane sgainst tht'tata#ui claims of aif ptrsans wF,amsoever; and tht said Mortgagar here-
<br />by rr~tgtishes all rights of Itarnestead, and alt martial rights. either in law or in equity, and all other contingent interests of the
<br />~ bt a~ to *.he a!'QVe-~scnx-d prunises. *~ inxnEan bong to ca~tvey hereby an absolute title. in fst cimple> includ-
<br />~ aB rights of homestead, sad atlser tights and irturtsis as aforesaid.
<br />P920YIDED ALWAYS, and thex presenu are ezccvted and delivered upon the following conditions, to wit:
<br />T!~ Mtvtgagrx agrtes to pay to the M~xtgagee, er ardor. the pri~ipal sum of Twenty Two Thousand One
<br />H~~~red fifty and OOj100ths Doilarsi522,150.00 ?. withintertstfrom
<br />dare a~ tie raft ofFTEn Ixr renmm ( 10.0 0 "r } per annutc on
<br />the unpaid balance ur~ttl paid. Tbt said principal and intertsi sF.sll be payable at the aBtce of Mortgage Plus Ynoorporated
<br />in Englewood , Colorado , x at such ot:tcr plaee as the holder of
<br />thettotetnaydrsigitateinw[iting,stmanffilyinstal}meatsof 'f~to Hundred Thirteen and 97j100ths -----
<br />Dottars (~ 213.97 !, commending on the first day of
<br />August , 197 9 . and an the fiat day of each month thereafter until the principal and in-
<br />terest are ftt9y paid, exctpt chat the final ~avment of principal and interest, if not soarer paid, shah be due and
<br />psya6k on the first day of July 19 99 ; a{i according to the Itrms of a ccrsain promis-
<br />sory pate of even dale herewith exectncd by the said ><lortgagor.
<br />The Mortgagor in ardor more ftrliy to protect the security of this Mtxigage, sues:
<br />1. Thai ix vn7l pay the indebtedness, as hereiabefare prt+vided- I'rivitege is reserved to pay the debt in whole, or in an
<br />asaount ogee[ to one ar mot[ tnanthly ~ytcents on the pritic~al that are next due on the not[, on the first day of an}' month
<br />prig- to taaturity: i4ovid¢d, 5attccever,'i]tat writton notice of an intention to ex¢rcise such privikgt is given at kart thirty (3tit
<br />days prim to paepaymeat-
<br />2 Thar, together with, and itt addition tor. the monthly payments of principal and interest payable under the ttrms of the
<br />soft iwetaed hereby, the T/aatgagor tvt-H pay to the't4origagee, oo the first day of tech month until the saint note is fully paid, the
<br />folkswi>•g stuns:
<br />{a} Amrxtnt sufiid~t to ptovidt the kidder htreof with funds ro pay the next mongage insurance premium if this
<br />instrument and the trot¢ tta~ired ~ro~r ate insured, or a morithly charge (in lieu oJa mortgage inatmnce prc-
<br />mits~tJ if they are held by t#te Sttttetary of Housing and Urban Development, as fo}lows:
<br />(Ij IE and so tang as aid ntrte of twtn date and this insttvtnent art insured or are reinsured under the pro-
<br />visiaats of the National housing Act, an amount safFuient to accumulate in the hands of the holder on:
<br />STATE OF VE6RASICA
<br />?tWiOl9 E[rltlDaf art tAMOttlt - FMA-2543M tin-]])
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