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31-02-0183 '~~~~~''I This form is used in connec-
<br />y~r~~t A~^t tion with mortgages insured
<br />®It~ l l.7tYlI~ under the one- to four-family
<br />pravisiona of the National
<br />Housing Aot.
<br />7./~'- VVVl~1
<br />THIS MORTGAGE, made and executed this 10th day of August ,A.D.
<br />l9 7g ,by and between Edward M. Ryan, a single person
<br />of the County r, Ha I 1 ,and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and Mortgage Plus Incorporated
<br />acorporationorganizedandexistingunderthelawsof 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 For ~y Two Thousand Five
<br />Hundred and 00/100ths ----------------- Dollars (S 42,500.00 ), paid bythtMort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Sar-
<br />gain> Sell, Convey and Confirm unto the Mortgagte, its successors and assigns, forever, the tollowing-0escribed
<br />rca{ estate, situated in the County of Hall ,and SEate
<br />of Nebraska, to wit:
<br />The South Sixty Six Feet (566') of the West Half (W~) of Lot Three
<br />(3), in William Frank Addition to the City of Grand Island, Hall
<br />Cotmty, Nebraska
<br />also known as: 1119 and 1123 S. Eddy, Grand Island, Nebraska 68801
<br />of the Sixth 1?incipal Meridian, containing in alt City property acres according toCiovern-
<br />cm<ntsurday:
<br />TO I-IAVi AND TO Fft~LD the premises about described, with atT the appurtenances thereunto belongitrg and including
<br />alT Treating, plumbing and lighting fixtures and equipment now or hereafter attached to or uaed in cvntrection with said rcaT estate
<br />^tu tF~ tdart~ge°, R~ to i!e e~u,~axsnrc and 838ianx. f!?revtr. The Meri~agt?r reprt5ents to, dad ~4verLRts with= the M!?!'tg3•
<br />gem, that the Mortgagor has good right to sill and cetnvty said premixes; that they art free from eacumbranee, aad that the
<br />Mort~gor wilt warrant attd dstend the same against else :awful etaims of ati persons whomsoever; and the said ~fortgagtrr here=
<br />by rtliaauishes all rights of homestead, and a}I martial rights, either in law or in equity, and all other contingent interests of the
<br />Mor~gor in and to fire above-described premises, the intention hang to convey hereby an absolute title. in tae simple, inchtd-
<br />ing ail rights of homestead, and other rights and interests as aforesaid.
<br />PROVIDED ALW AYS, and these prestntx are ezecuted and delivered upon the following conditions, to wit:
<br />T1rt Mortgagor agrees to pay to the Mortgagee, er order, the principal sum of Forty Two Thousand Five
<br />gundred a d 00/100ths ------- Dollars (542, 500.00 }, withintertsttrom
<br />date at the rate n~ Ten per eentum ( 10.0 0 ~}per annum an
<br />the unpaid balance until paid. The said principal and interest shalt be payable at the office of Mortgage Plus Incorporated
<br />in Englewood , Colorado , or at such other place a the border of
<br />the note maydesignattinwriting,inmoathlyinstallmentsof Three Hundred Eighty Six and 33/100ths -
<br />Dollars ((S 38 6. 3 3 }, commending on the first day of
<br />October , 19 7 ~ 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 principal and inttrtst, if not soainee paid, shall he due and
<br />payable on trio first day of Septerti bee 2 0 0 ~+ : alt a~eording to the terms of acertain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />1. gnat he will paY the iudabtedness, as hereial~for% provided. €ii-vilege i~ re~er`ca' fu pay thv ds"`nt in fvnHi c, ~,r in aS
<br />amount equal to one or more monthly payments ort the principal that art next due nn the note, on the first day of any month
<br />prior to matwity: 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 monthly payments of principal and interest payable under the terms of the
<br />Hatt seemed hereby, the Mortgggor will pry to the Mortgagee, on the first day of each month until the said Holt is fully paid, the
<br />foltowitrg sums:
<br />(a) Amount suF[lcient to provide the holder hereof with funds to pay the next mortgage insurance premium if this
<br />- instrument and the Holt secured hereby gee insured, or a monthly charge (in lieu of a mertgage insumnce pre-
<br />- mium) if they art held by the Secretary ofliousingand Urban Development, as follows:
<br />(i) If and so long as said note of evert date and this instrument are insured or are reinsured under the pro-
<br />visions of the National Housing Act, an amount suffieiettE to accumulate in the hands of the holder one
<br />STATE OF N1ve~TtASi:A
<br />Previous Editions are pb+olete FHA -Z 2 43M (10-77
<br />
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