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N€+(JIBTGA~G
<br />79--' ~,€
<br />This form is used fin connec-
<br />tion with mortgages insured
<br />under the one- to four-family
<br />provisions of the National
<br />Housing Act.
<br />THIS MORTGAGE, made and executed this Bth day of DECenber ,A.D.
<br />l4 74 . by and between Rayttand ill. Jorgensen and Diana L. Jorgenssn, httaband and xifa.
<br />of the County of Hsu ,and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and Commercial Federal Savings t Loan Asaocsation
<br />a corporation organized and existing under the laws of Nebraska
<br />party of the second part, hereinafter called [he Mortgagee,
<br />WITNESSF-TH: That the said Mortgagor, far and inconsideration of the sum of Th7.1 ty Three thotieand one htlAdt~ed
<br />and fifty dollars anti Nol100----------------------Dollars (St~33,150.00e# ). 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 unto the Mortgagee, its successors and assigns, forever, the following-described
<br />real estate, situated in the County of Hall ,and State
<br />of Nebraska, to wit:
<br />---The Sotrtherly Sixty-nix and Five Tenths (566.5) Feet of Lot Five (5 ), in Block
<br />Oae Hundred Form (104) in Koenig E Wiabera Addition to the City of 6ratxl Island,
<br />Hall County, Nebraska.---
<br />TG HA~`E AND TU HdLD the premises above described, wish aU the appurtenances tMreunta belonging and intruding
<br />ati Mating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in cannectian with said rent estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and t:pvenants with, the Mortg:t-
<br />gee, that the Mortgagor has good right to sett and convey said premises; that they are free from encumbrattce; and that the
<br />Mort - i?t warrant and dsfend rite same agxittst thetawful claims of nit person; whemsr~er; and the >aid ~tort~gor hi:ee•
<br />by relinquishes all rights of homestead, and all martial rights, either in law or in equity, and all other contingent interests of the
<br />Mortgagor in and to tM above~cfescribed premises, the intention being to convey hereby an absolute title, in feu simple: inciud-
<br />ingail rghts of homestead, and Uther rights and interestsas afare~aid.
<br />PRC?V1DED ALWAYS, and these presents are executed and delivered upon the tolluwingconditions. to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Thjlty Three thottaatsd cane huAdrtod
<br />~i ~t~~ c~11Hx's antti NoI100~-----_-~'llars (S **33,150.OO~t-Wae ), with imerest from
<br />a e a e r e n ~TCea ana one-half por centum ( 10.50 M } pzr annum on
<br />flue unpaid balance until paid.'I'he said princtpat and interest shall be payable at the office ofCottrr<vereial Federal Sariagi
<br />and Loan in Ottsaha, Nebraska , or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Three hundred sad thii~teon dollars anti
<br />2b/100-----------------,_.,_.._- !k Mars t5 ~313.2fie* ),commending on the best day of
<br />F~ , I9 ®0, and on the first day of each month thereafter until the principal and in-
<br />terest are fpaid, except that tM fiord payment of principal and interest, if oat sooner paid, sha{i be due and
<br />payable on the first day of J~u~.y 8005 ;all according ro the terms of a certain promis-
<br />sory note of even date herewrih executed by tM said Mortgagor.
<br />The Murtttagor in order more fully to protect the security of this Mortgage, agues:
<br />1. That he wiU pay the indebtedness, as hereinbefors provided. Privilege is ressrvetl to pity the debt in whole, or in art
<br />amount equal to one or more monthly payments on the principal that are next due un the note, on the first day of any month
<br />prior to maturity: Arovided, however, That written notice of an intention to exercise such privilege is given at feast thirty (3tl)
<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 />note secured hereby. the Mortgagor will pay to fist Mortgagee, on tM first day of each month unfit the lain nose is fully paid, the
<br />following sums:
<br />(a) Amount sufficient to provide the holder hereof with fonds to pay the next mortgage insurance premium if this
<br />instrument and- the Hate seeureditareby era insured, ar a monthly charge /in lieu of a rnortgage insurance pre-
<br />rniuml if they are held by the Seeretttry of Housutg anti Urban Development, as foftows:
<br />(rj If and so fang as said note of even date and this instrument are insured or are reinsured under the pro-
<br />visions. of the IvatiostsirdatislnR Acts err amount sufficient to accumulate in the hands of the holder one
<br />previous i~i(iitinESre t~,Wate STATE (?F :~EBRA9KA
<br />PHA-2143M (10-7 i 1
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