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<br />~'C~...» '~3 i1Mfi~, 3 L:Ti3'~ rarckr tna ~c~n~- tc~ four farrati, 1(
<br />proviatons ~rur t.ae ~aliana~
<br />1Harashrsq Act,
<br />(UdI°~"f~ DE;FE3'~lE2ED INTEREST AND '~1"3C;RE.ASS'HG A;1'Jl'~TRL'SN INSTA;€.'S.1HEIj"dTS')
<br />THiS MORTGAt'sE, made and ere=trted this 2nd day of August ,A.D.
<br />39 ?g ,by and between Rick W. Garcia and Connie K. Garcia, husband and wife
<br />of the County of Ha 12 ,and State of Nebraska, party of the first part, hereinafter called
<br />theMortgagor,;:nd Mortgage Plus Incorporated ,
<br />a corporation organized and existing under the laws of the United States of America
<br />party at the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Thirty Five Thousand Fight
<br />Hundred and 00/100ths ---------------- Doltars(S 35,800.00 ).PaidbytheMort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Soid and by these presents does Csrant, Bar-
<br />gain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following-described
<br />rest estate, situated in the County of Hall ,and State
<br />of Nebraska, to wit:
<br />Lot Twelve {12), in Bernhard Voss First Subdivision, being apart
<br />of Lot One (1), Voss Subdivision, located in the Southwest Quarter
<br />(S47'~) of Section Eleven (11), Township Eleven (11) North, Range
<br />Nine (9), ;hest of the 6th P.M., Kall County, Nebraska.
<br />also known as: 206 Voss Raad, Grand Island,Nebraska.
<br />{deferral of interest may increase the principle baiaice to $3?,??8.Q6)
<br />of the Sixth Principal Meridian, containing in sit city property acres according toGovern-
<br />mentsurvey:
<br />TO HA~1E AND TO HOLD the premises above described, with all tfie aoaurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment uow or hereafter attach-ed to or used in connection with said rent estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants with, the Mortga-
<br />. that t~ `Sortgago: has ~~d right to sell and c - v said premises; that they are free from an"rmb~un;e; a..d that the
<br />Mor3ggnr wil! warrant and defetxt the same against the lawful claims of all persons whta.;.saever; and the said Marts.,gor hkare-
<br />gy rehnquisses ail rights of ttamestead, and all martial rights, either in taw or in equity, and sit other contitevent interests of the
<br />t~.,.y ~ na t~ lye ~tw..,p~,t.. >;a~d iM ErtanL;•,n t;e:n•, ••, •..,.. •- Rr° ,. absolute tit ~, : f,~ si°~-a- •.":,~-
<br />praet:.ses. .,. ~...~^^ve.. .=bya^ ,,..;
<br />irg all rights of fiomestead, artd 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 pprincippaE sum of Thirty Five ThOUSdrid Eight
<br />datlr~~~upf~vfan(~ 00/100ths ----- Daltars(535,800.00 ), with interest from
<br />en per centum ( 10.00 fir) per annum an
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of Mortgage Plus Incorporated
<br />in Englewood, Colorado , or at such other piece as the holder of
<br />the note may designate in writing, in monthly installments of {according to Schedule A attached to Said
<br />note)-----------------° warstS___---_-----_°-------).commending on the first day of
<br />October • l9? 9 . and on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except that the final payment of rincipat and interest, if not sooner paid, shall be due and
<br />payabis on the first day of September 2 ~ 0 9 ;all according to the terms of a certain promis-
<br />sory note of euen date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fatty to protect the security of this Mortgage, agrees:
<br />L That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to one or mo._ stonihfy p ymants on t3~ principal ttsat are next due on tt~ Hate, an thrt first day of any month
<br />prior to maturity; Provided, however, That written notice of an intention to exercise such privilege is given at least thirty (30)
<br />days prior to prepayment.
<br />2. That, together with, and in addition to; the manthiy payments of principal and interest payabls under the terms of the
<br />Hale sectued harelip, tht Mortgagorwill pev tothe-Mortgagee, on the first day of each month until the sai8 note is fatty paid, the
<br />following sums:
<br />-, {a) Amount aufftcient to provide tho holder hereof with funds to pay the next mortgage insurance premium if this
<br />instrument and the note secured hereby are insured, or a monthly charge (in lieu of a mortgage insumnce pre-
<br />- mturrt) if they are held by the Secrotary of Housing and Urban Ocvelopmrnt, as follows:
<br />{I} If and w IOAR as said-note of evert date and this instrument are insured a are reinsured under the oro-
<br />visions of the National Housing Act, an amount sufficient to accumulate in the hands of the holder one
<br />Previous Editiorrc ere Obsolete STA!'E ~l' 1Vi;f~lZASriA
<br />FHA-Z1G3M (1077)
<br />
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