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<br />This farm is used in canrtac-
<br />/^+ tion with mortgages insured
<br />~''~'~" AwJ~ under the onre- tm four-fatuity
<br />provisions of the, National
<br />`~ oua"rttg Act,
<br />TTHIS MORTGAGE.. made and executed this 2 2nd day of August •A•D•
<br />l97`~ ,by and between EUGENE E. MORRIS AND NANCY J. MORRIS
<br />HUSBAND AND WIFE
<br />of the County of HALL ,and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and ,
<br />WESTERN SECURITIES t:OiKPANY
<br />a corporation organized and existing under the laws of NEBRASKA
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESS NTH: That the said Mortgagor, for and in consideration of the sum of T h i r t y Seven Thous ad
<br />Six Hundred and i1o/100 Dollazs(S 37600.00 ),Pa~bY~Mort-
<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 Confvm unto the Mortgagee, its successors and assigns, forever, the following•described
<br />real estate, situated in the County of HALL ,and State
<br />of Netuaska, sc wit:
<br />LOT NINETEEN (14), WEST BEL AIR FIFTH ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA;
<br />of the Sixth Principal Meridian, containing in all
<br />mentsurvey:
<br />acres according to Govern-
<br />Tc~ HAVE AND TO HOLD the premises shave described, with alt the appurtenances tixreunto beian,$ZSt$ and iruiuaing
<br />all heating, plumbing and tigittin$ fixtures and t:quipment taw or hereafter attached to or used in cannectian with said real estate
<br />s --
<br />nntr~rii~ i#grigagez, ann tr+ ti-- Sus~ssor~ aria ass°g-ns, forever. The kcart~agc~i-isprssents ta, artd ct?xsrtants }vtth, the ido~~a-
<br />that the Mortgagor has good right to seat and convey said premises; that tier=y are free from ettc-umbranc-e, and that the
<br />Mortgagor wilt warrant ar.d defend the saate a~inst ing lawful claims of all persons whomsoever; at:d the said Afortgagar here-
<br />by relinquishes all ri~'its of h~iesttad, and alt martial rights. either in law or in equity. seed all other ~~,,t intsra of IhB
<br />htort&attar in tend to the shave-described premises, the intentan being to convey hereby att_ahsolute title, in fee simple. inchut-
<br />trt$ all tights of homestead, and other rights and interests as aforesaid.
<br />PROV1DEb ,~LWAI'S, and these proscnts are executed and delivered upon the fallowing conditions, to wit:
<br />The Mortgagor agrees ut pay to the Mortgagee, or order, the principal sum of T Ix i r ty Seven Thousand
<br />Six Ffundrsd and i1gJ100 Uoltars(S ~7h0p n ), withintcrestfrom
<br />date at the rate of T ~~N pt'r Ca~ttum ( I 0 ~ 00 ~o) prr annum an
<br />the unpaid balance until paid. The said principal and interest shall be payable at the otTtce of
<br />'WESTERN SECURITIES COMPANY
<br />°q OMAN~ NEBggpSK ,or at such otherptaceastheholderof
<br />the Hate may designate to wntitt'g, in monthly m~alAm tSts oiT hr ~ H pd r e d T h i r tic
<br />pp Y S ~tndlt~bd ~ first day of
<br />OC T 0 B $ R , t5~ 9 , snd on t~ tfrsl ~ay of e_a4h month thereafter until the principal and in•
<br />tercet are fully paid, except that iht final payment of principal and interest_ if not sooner paid, shall be due and
<br />payable on the first r4ty oi'S EP TEMB ER 2 0 0 4 ;ail according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />The Mort~or in ardor mare fatty to protect t-tte ~curity of this Motro~~*, a~nr'ees:
<br />1. That he will pay the indehtednesa, as hercinbeforc proved. Privilege is tYServed to pay the debt in whole, or in an
<br />amount equal to aria or morn monthly payments on the principal that arc nrxt due an the Hate, on the first day of any rnanth
<br />pttior to maturity: ,Provided, ftowever, That written notice of an intention to exercise such privilege is given at kart thirty (3U)
<br />days prior to prepayment,
<br />_,- 3. That, together with, and in addition to, the monthly payments nt principal and interest payable antler the terms of the
<br />note secured hereby; the Mortgagor will pay to the Mortgagee, on the ftrsl day of each month until the sail! note is fully paid, the
<br />following sums:
<br />(a) Amount sufftcicnt to provide the holder hereof wiUt funds to pay the next mortgage insurance premium if this
<br />instrument and the Hate secured hereby aro insured, or a monthly charge (Pn lieu of a mortgage irtsurMrnce pre-
<br />miamJ if they are hehl by the Sa.~retary of Housing and Urban Development, as follows:
<br />(1) If and sa long as sell note of even date and this instrument are insured or are reinsured ender the pro•
<br />visions of the National Houstntt Act, an amount sufficient to aceumelate in the hands of the holder one
<br />Prevloue Edlriom ere OWoteta STATE UP NEBRASKA
<br />FHA-2143M i10-77)
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