|
i This farm i,s used. in conn~ee-
<br />~' 31-02-0323 lion with r~rtgages insured
<br />~~~~~~R:I~ sunder the one- to four-farmty ~
<br />praviaions of the National
<br />~~••"" ~' HautingAct.
<br />THiS MORTGAGE, made and executed this 19th day of December ,A, D,
<br />19 7~,byandbetween James E. Thagard and Linda D. Thagar3,husband and wife
<br />of the County of Hall ,and State of Nebraska, party of the first part, hereinafter tailed
<br />the Mortgagor, and Mortgage Plus Incorporated ,
<br />a corporation organized and existing under the laws of the United States of America
<br />pai•#y of the second part, hereinafter cJled the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Twenty Eight Thousand One
<br />Hundred Fifty and 00/100ths ------------------ Dollars ($ 28,150.00 }, paid by the Mort-
<br />, gages, the receipt of which ~s hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar-
<br />gain. Self, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the fotlowittg-describer!
<br />real estate, situated in the County of Hall ,and State
<br />of Nebraska, to wit:
<br />Lot One (1), in Block One Hundred Forty-Six (146), in Union Pacific Railway Company's
<br />Second Addition to the City of Grand Island, Hall County, Nebraska,
<br />'also known as: 523 E. Division, Grand Island,NE 68801
<br />of the Sixth Principal Meridian, containing in all city property acrr_s according to Govern-
<br />ment survey:
<br />TQ HAVE AND TO Ht}LD the premises above described, with aft the appurtertanees thereunto belonging and including
<br />ail heating, plumbing and fighting fixtures and equipment now or hereafter attached to or used in connection with said was estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants with, the Mortga-
<br />gee, that the Mortgagor has good right to set! and convey said premises; that they are tree from encumbrance: and that the
<br />Mtirtor wilt warrant and defend the same against the lawful claims of alt persons whomsoever, and the said "!€+; tghger her-
<br />by relinquishes at3 rights of homestead, and alt martial rights, either in saw ar in equity, and aU ether contingent ittterosts of the
<br />Mtn#gdgor in ..nd to the abcive~ikserit~d premises, t3tt intention being to convey harebp an absotutt titer, in #ee sitttpie, ir~tud=
<br />ingalt rights of homestead, attd :.skier rights-and interests as aforesaid.
<br />PRQVIDED ALW AYS, 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 principal sum of Twenty Eight Thousand One Hundred
<br />Fifty and (~0/100ths -------------- Dottars ($ 28 150 , OO ). with interest from
<br />date at the rate o. Eleven and one half ` per centum ( 11.50 ~~) per annum on
<br />the unpaid balance unfit paid. The said principal and interest shat) be payable at the office of Mortgage Plus Incorporated
<br />in Englewood, Colorado or qt such other plaace as thr holder of
<br />the note may designate in writing, in monthly installments of T~ Hundred Eighty Sax and 4 100ths -------
<br />t~tfars ($ 286.29 ), commending on the first day of
<br />February , iS~0 ,and on the first day of each month thereafter unfit the principal and in-
<br />terest are fully paid. except that the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on the first day of January 2005 ;all according m the terms of a certain promis-
<br />sory note of even date htrewith executed by the said Mortgagor,
<br />The Mortgagor in txder more fully to protect the security of this Mortgagt, agues:
<br />!, That he will pay the indebtedness, as hereinbefare provided. Privilege is reserved to pay the debt in whale, or in an
<br />amount equal to ant or more monthly payments on the principal that are next due on the note, on the first day of any month
<br />prior to maWrity: Provided, however, That written notice of an intention to exercise such privilege is given at feast thirty {30)
<br />days prior to prepayment.
<br />2. That, together with, and im addition to, the monthly payments of principal and interest payable under the terms of the
<br />note secured hereby, the Mortgagor will pap to the Mortgagee, on the first day of each month unfit the sash note is fully paid, the
<br />fotlowtng sums:
<br />(a) Amount suffcient to provide the holder hereof with funds to pay the next mortgage insurance premium if this
<br />instrument and the note secured hereby are insured, or a mnnthty charge (in lieu of a mortgage insurance pre-
<br />mium) if they are held by the Secretary of Housing and iJrban Development, as follows:
<br />(!) If and so long as said note of even date and this instrument arc insured or are reinsured under the pre
<br />" r '"'_ visions of the National Housing Act, an amount sufficient to accumulate in the hands of the holder one
<br />Prevloua Editions are Obwleta STATE OF NEARASKA
<br />FNA-2143M t10-77)
<br />
|