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<br />lYi~~ 1 IT~iTl`i
<br />TATS MORTGAGE, made and executed this • r?ay of Duly
<br />"i Thia fotvn is treed in conaee- r
<br />Lion with mortgages ir~tnzd
<br />under the orse- W-fotur-tart~'iy-
<br />provisiorts- of the-..National
<br />Flrutsiitg Act.
<br />;AaT;
<br />t9 84 .by and between Aavid G. Varnor. iE and Kathryn £, irarrien husband and :rife.
<br />of the County of Nall ,and State of Nebraska, party of the first past, htreitsafter called.-.
<br />the Mortgagor, and Comtnercial :'ederal Savings and ~n Association
<br />a corporation organized-and existing under the laws ofs7ebraska
<br />party of the second part. hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Thirty eight thousand' six
<br />hundred and iso/I44--------------------------------.i)ollarsi5 38,004,40 ).pa~bY~M
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant;'$ar-
<br />-gain, Sefl, Convey and Confirm unto the Mortgagee, its successors and assigns. forever; the following-described:
<br />teat estate, situated in the County of Hall > and State
<br />of Nebraska, [o wit: - - -
<br />---Lot Seventeen (17}, ir_ Buhrman Subdivision, an addition to the City of Grard
<br />Island,: all County, ?iebraska.
<br />A4p+K~tvt#K~~~x9Q:(C4Xf4fS4~tl{~$)fY9?i '<3i'X~.4~tYK04~}f~9:k74X~74;?
<br />TO HAVE AND TO HOLll the premises above described, udth all die appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter attached io ar used in connection with said real estate
<br />urta the Mortgagee. and to its successors and assigns, forever. The ~iartgagar represents to, and covcnanis with, the ;dforiga-
<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 [he same against the lawful claims of all persons whomsoever. and [he said Mortgagor here-
<br />by retirtquishesall rights of homestead, and all martial rights, either in law or inequity, and all other contingent interests of the
<br />Mortgagor in artd to the above-described premises, the intention being to convey hereby an absolute title, in fee simple, includ-
<br />ing aILrights of homestead, and other rights and interests as aforesaiJ.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, [o wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of T'„ irty ei~`a thousand s ~ ~,;:ndred
<br />an~t Pio/14n__________ ____ _ __ Dotlars(5 ao,uvC.90 Lwithinteresifrom
<br />date at the rate of Eleven and one-half per centum ( 11. r 4.) per anmtm on
<br />the unpaid balance unlit paid. The said principal and interest shall be payable at the office of Corea:ercialT'ederal
<br />SavinP,s and Loan Association in Oraha, ',iebraska
<br />in , or at such other place as the holder of
<br />the Hate may designate in writing, in monthly installmenu of "'%¢•ee `.'unfired and e iStay ;.o:o coliarc. ~. ~~'~ _' 3,' _(!0
<br />_ __Skrlhtrs (5 gg; ~ ~ 1, commending on [he first~day of
<br />September 1 . 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 not sooner paid, shall he -due and
<br />payable on the first day of :".u~ust 1 ~ O1~aII according to the terms of a certain promis-
<br />sory Hate of even dare herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />L That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, nr in an
<br />amount equal to one or more monthly payments ort the principal that are Hex[ due on the mute, on the 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 130)
<br />days prior [o prepayment.
<br />?. 'That, together with, and in addition to the monthly payments of principal xnd interest payable under the teens of the
<br />note secured hereby, the Mortgagor wilt pay to the Mortgagee, on the first day of each month until the saiH note is (ally paid, the
<br />following sums:
<br />(a) Amount suftieien[ to provide the holder hereof with funds to pay the next nuxtgage insurance premntm;t thrs
<br />instmment and the note secured hereby are insured, or a munthty charge (in lien of a ntt+rtgrge irt.uoanrr prc~
<br />mium) if they are held by the Secretary of Housing and Urban Development, as follows.
<br />(I) If and co long us said rata aC even date and thrs instruntcnt arc msorcd ut are rcutsured under the p..+-
<br />visions at the National Hoasirg Act, an amaunt sutiteieni to aetnmulste m the hmrds of the holder ;n:e
<br />tiC,1TF:UF' SF.ARdSlta
<br />Prevwuf Eortinnr ere Obsolyte r F,A t+aarw no : n
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