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31-02-11300 This farm is used in cnn~ttec- ifif
<br />taon with mortgages insured f
<br />~~~'~-~~r~t ~t~7der tits cone- to tour-,fam;ily
<br />rnv. ,
<br />tsto
<br />p ns of the Nstts"oval
<br />rryy I I^~ousirtg Act.
<br />THIS MORTGAGE, made and executed this 20th day of November A D
<br />t4 7g ,by and between Mark Chu and Ifatherine F. Chu, Husband and Wife
<br />of the County of Hall ,and State of Nebraska, party of fhe fast part, hereinafter called
<br />the Mortgagor, and
<br />MORTGAGE P71tJS IPICOR_oOR1iTED '
<br />a corporation organized and existing under the taws of the Onited States of America
<br />party of the second part, hereinafter called the Mortgage[;,
<br />and 00/1001ths SSETH: That the said Mortgagor, for and in consid_ration of the sam of Thirty Thousand Two Hundred Fifty
<br />---Doilars ($ 30, 25G . 00 ), paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar-
<br />gain, Sell, Convey and Confirm onto the Mortgagee, its successors and assigns, forever, the foltowittg-0escrilted
<br />real estate, situated in the County of Hail ,and State
<br />of Nebraska, to wit:
<br />The North Fifty-Two (N52') Feet and Eight (8) Inches of the West One-Half (W~) of
<br />BIock Two (2) in Pleasant Home Subdivision of Part of the East Half of the Southeast
<br />Quarter (E~5E~) of Section Eleven (11) North, Range Nine (9) West of the 6th P.M.,
<br />in Hall County, Nebraska.
<br />Also known and numbered as:
<br />321 W. Former Park Road, Grand Island, Nebraska- 68801
<br />of the Sixth Principal Meridian, containing in all City Property acres according to Govern-
<br />mentsurvey:
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto ttettinging and inctudittg_
<br />alt heating, plumbing and Lighting fixtures and equipment now or hereafter attached to or used in connection with said eeai estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants with, the Mortga-
<br />gu, that the Aortgagor has good right to sill and convey said premises= that they art free from encumbrance; and that the
<br />Mortgagor will warrant and defend the sam[ against the lawful claims of alt persons whomsoever; and the said lsizvt~gor liY€e-
<br />by i'€tingtttshes all rights of homestead, and all martial rights, tither is law or in equity, and all other condngtnt interests of the
<br />Mortgagor in and to thr above-d~s~i>xd premises, iht int€ution ~in~ to eanvey hereby an altsoiutr titit, in fe;= sititpit. inelud-
<br />ing ali rights of homestead, and other rights and interests as aforesaid.
<br />PR04'IDF.D ALWAYS, and chest presents are executed and delivered upon the following conditions, to wit:
<br />and Q,'1 Others agrees to pay to the Mortgagee, or order, the principal sum of Thirty Thousand Two Httndred Fifty
<br />dart at the rats of Eleven and One Half --iktllars ($ 30, 250.00 ), with interest from
<br />rim unpaid balance until paid. The said principal and interest shall be payable at the otfi a of 11MOrtgage Phts~incorpozated
<br />to Ertglewoad, Colorado , or at such ether place as the holder of
<br />the notr may designate in writing, in monthly installments of Three Hundred Seven and fi4/100ths-------____
<br />--'-- -- °- Dottars ($ 3 7 6 ). commending on the first day o[
<br />January - -- , 19 80 , and on the first da of each month thereafter until the rinci
<br />y p pal and in-
<br />ttrest art fully paid, excrpt that the final payment of principal and interest, if not sonnet paid, shalt be dot and
<br />payable on the first day of L~?ceackser, 2004 ;alt according io the terms of a certain 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 />i. That he-wilt pay the indebtedness, as htreinhtfore provided. Privilege is reserved to pay the debt in whale, yr in an
<br />.:amount-equal tonne os most mottthty payments on thr principal that are next due nn the not[, on the first day of any month
<br />prior to maturity: Provided, ftowtvtr, That written notice of an intention to exercise such privt7ege is given at least thirty {3t))
<br />- days prior to prtpaymtnt.
<br />2. That, together with, and in addition to, the monthly payments'of principal. and interest payable under the terms of the
<br />-note sce~tied hereby, the MortgagoF will pay to the Mortgagee, on the first day of each month until the sai8 note is fully paid, the
<br />following sums:
<br />{a) Amount sufficient to provide, fhe holder hereof with funds to pay the next mortgage Insurance premium if this
<br />instrument and der note secured hereby are insured, or a monthly charge (in lieu oja mortgage insurrcnce pre-
<br />rraiumJ ifthey are held by the Secretary of Housing and Urban Development, as follows:
<br />(I) If and so long as said note of even daft and this instrument art Iflstrred or are reinsured under the pro-
<br />visions of the National Housing Act, an amount suff`teitnt to accumulate; in the hands o€ the hotde: one
<br />Previous Editions are Obsolete STATE OF NEBRASKA
<br />FHA-2143M (t0-77}
<br />
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