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<br />THIS MORTGAGE, made and executed this 23rd dag of Suly ;A.p>: ' -
<br />i9 80 , by and between Craig B: Maly and Debra L. Maip husband and- wife-
<br />of the County of Hall ,and State of Nebraska, party of-the first part, hereittaftet'called
<br />the Mortgagar, and Mortgage Plus Incorporated -
<br />a corporation organized and existing under the laws of the United States of America
<br />party of the second part, hereinafter called the Mortgagee, - - -
<br />WTI'NESSETH: That the said Mortgagor, for and in consideration of the sum of Thirty Seven Thousand Nine
<br />Hundred and OOJl00ths --------------- -__ Dollars ($ 37r9~0:00 }+1~~bi`i~-Mort-
<br />,-gagee, the-receipt of which is hereby acknowledged, has Granted sod Sald.an y esepresents.does-Grrnt,:Bai-:-:,-.
<br />gain, Sell, Convey and Confvm unto the Mortgagee, its successors and- assigns, forever, the fotbwing-de§crilied
<br />real estate, situated in the County of Kall ,and Spate
<br />of Nebraska, to wit:
<br />Lot Four (4}, Fractional Block One Cl}, parkhill Subdivision, an Addition to theCity
<br />of Grand island, Hall County, Nebraska.
<br />also known as: 2507 West Louise, Grand Is1and,NE 68801
<br />of the Sixth Principal Meridian, containing in alt city property
<br />men[ survey:
<br />acres according to Govern-
<br />TO HAVE r'.ND TC HOLD the premises ubvve described, with aii the appurtenances thereunto beiongirg and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br />unto the Mortgagee, and to ils successors and assigns, forever. The Mortgagar 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 Mortgagar here-
<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 the above-described premises, [he intention being to convey hereby an absolute title, in fee simple, includ-
<br />ing all 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 Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Thirty Seven Thousand Nine Hundred
<br />and 00/100ths --------------- Dollars (5 37, 900.00 1, with interest fram
<br />date at [he rate of Ten, and o @ half per centum ( 10.50 4'e) per annum an
<br />the unpaid balance until paid. The said pnncrpal and interest shall be payable at [he office of Mortgage Plus Incorporated
<br />in Englewood, Colorado , or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Three Hundred Forty Six and 79/100ths -----
<br />Dollars ($ 346.79 1, commending on the first day of
<br />September , 19 80, and 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 not saoner paid, shall be due and
<br />payable on the first day of August 2010 ;all according to the teens of a certain promis-
<br />sary 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 will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to one or more monthly payments on fhe principal that are nexi due on the note, on the first day of nny month
<br />prior to maturity: Rovided, however, That written notice of an intention to exercise such privilege is given at least thirty (101
<br />days prior to pregayment.
<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 the Mortgagee, on the first day of each month until the saiit note is fully paid, the
<br />following sums:
<br />(a) Amount sufficient 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 monthly charge /in lieu of n nurrrgage iu arrar~cr pre-
<br />rniuml if they arc held by the Secretary of Housing and Urban Deve!ogment, as follows:
<br />(I} If and so long as said note of even date and this instrument are insured or are reinsured under the nor
<br />visions of the Natiana! Housing Act, an amount sufficient to accumulate in the hands of the holder onr
<br />Previous Edltbnz are Otrsotete STA'CE OF NEBRASKA
<br />~rra-zta3nn tta-nl
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