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<br />31-02-0533 y This form is used in cortnec-
<br />1 lion with tnorcgages irtsured
<br />Mil l ~A~L{' urtder the one- to four-fanaly
<br />provisions of the Natioral
<br />Housing Act.
<br />3l4E3
<br />THIS MORTGAGE, made sad executed this 22nd ' " day of July ,A.D.
<br />I9 BO ,by ~adbt[ween Michael J_ osberg and Susanne I. Osberg, husband and wife
<br />of-the County of Hall ,and State of Nebraska, party of the first part; hereinafter called-
<br />- - _ the.Mortgagor, and Mortgage- Plus Incorporated -
<br />a corpamtion organized and existing under the laws of the United States of America
<br />party of the second part, hereinafter called the Mortgagee,
<br />aid 00/lElOt}ts That [he said Mortgagor, for and in consideration of the sum of Fifty Thousand Five Hundred Fifty
<br />~7- '-'-----'-- -- Dollars ($ 50 , 550.00 ), paid by the Irfort-
<br />gattee, th¢ receipt of which is hereby acknowledged, has Granted and Sotd and by these, presents does Grant, Bar-
<br />gain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following-0escribed
<br />real-estate, situated in the County of Hall ,and State
<br />of.Nebmska, to wit:
<br />Lot Eighteen {18), in Block Two (2), of Normandy Estates, an Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />also known as: 1608 Windsor Place, Grand Island,NE 68801
<br />of :he Sixth Principal h4eridian, containing in all county property acres according [o Govern-
<br />mept survey:
<br />TO HAVE AND TO HOLD Ehe premises above described, with all the appurtenances thereunto belonging and including
<br />all-heating, plumbins and lighting fixiure5 and equipment now or hereafter attached to ur used in canneceion with said real 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 sell and convey said premises; that they are free from encumbrance: and that the
<br />Mortgagor will warrant and defend the same against [he lawful claims of all persons whomsoever: and the said Mortgagor here-
<br />by relinquishes aU rights of homestead, and ell martial rights, either in law or in equity, and all other contingent interests of the
<br />Mortgagor in and to the above-described premises, the in[endon being to convey hereby an absolute title, in fee simple, includ-
<br />ingall rights of homestead, and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Monggaaggor agrees to payto the Mortgagee, ar order, the principal sum of Fifty Thousand Five Hundred Fifty
<br />and 00/100ths --------•---------- Dollars ($ 50, 550.00
<br />),with interest from
<br />date at the rate of Eleven and one half per centum ( 11.50 °fo) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of Mortgage Plus Incorporated
<br />~ Englewood, Colorado or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Five Hundred and 95/100ths ----•--
<br />Doliars ($ 500.95 ), commending on the fits[ day u[
<br />September , 19 gpand 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 interest, if nut sooner paid, shall be due and
<br />payable gn the first day of August 207 0 : all acwrding to the terms of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more tally to protect the security of this Mortgage, agrees:
<br />I. That he will pay the indebtedness, as hereinbefure provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to one ar more-monthly payments on the principal [ha[ are next due nn the note, on [he first day of any month
<br />prior to maturity: Provided, however, That written notice of an intention to exercise such privilege is given at least thirty (3U)
<br />days prior to prepayment.
<br />2. That, together witfi, 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 the Mortgagee, on the first day of each month until the sai8 note is fully paid, the
<br />following sums:
<br />{aj Amount suf[icien[ to provide the holder hereof with funds to pay the next mortgage insurance premium if this
<br />insuutnent and the note secured hereby are insured, or a monthly charge tin lieu Dj a rnwtggge insurance pre-
<br />etiYaot) ifthey are held by the Seereeary of Housing and urban Development, as follows:
<br />{!j If-and sa long ss said rocs of even dste end this instrument ase insured or are reinsured under the pru-
<br />vistons of the. National Housing Act, an amount sufficient to accumulate in the hands of the holder one
<br />STATE OF NEBRASKA
<br />Previous Editions ere Obsolete F H q-~ t 43M 110-r71
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