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31-02-0506 ) This form is used in eonnec-
<br />~+ ~tr tion with mortgages inatned
<br />®~r! ~~ITLj ureter the one to fora famEly
<br />provisions of the National
<br />qq{~ ~~~~~~~~--tt,,ee~gQQ~+ l3ottairtgAct.
<br />011® WS~t~I~
<br />THfS MORTGAGE, made and executed this 28th day of J~-5r ,A.D.
<br />19 80 , byand between Marilyn L. Hayes and James W. Hayes, wife and httsband
<br />of the County of Hall ,and State of Nebraska, party of the fast part, hereinafter called
<br />tht Mortgagor, and Mortgage Plus incorporated ,
<br />a corparatian organized and existing under the laws of the United States of America
<br />party of the second part, hereinafttr calltd the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Twenty One Thousand One Hundred
<br />-Fifty and OOJ100ths ------------------------- Dollazs ($ 21,150.00 ), Paid by the Mort-
<br />gages, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Baz-
<br />y~io, Sell, Convey and Confirm auto the Mortgagee, its successors and assigns, forever, the following~escribed
<br />reef estate, situated in the County of Hall ,and State
<br />of Nebraska, to wit:
<br />Lot Fight (8}., in iilock Fourteen (14), in Wallichs Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />also-known as: 1312 West 6th, Grand Island, NE 68801
<br />of the Sixth Principal Meridian, containing in all county property acres according to Govarn-
<br />mentsurvey:
<br />TO HAVE AND TO HOLD the premises above described, with all the anpurtenaaces thereunto bal.- 7ging and including
<br />ail-besting, plumbing and fighting fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br />unto the ~4ortgagee, 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 [hat the
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever: and the said Mortgagor 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 [heabove-described premises, the intention being to convey hereby an absolute title, in fee simple, indud-
<br />ingall rights of homestead, and other rights and interests as aforesaid.
<br />AROVIDED ALWAYS, and these presents aze executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of `~`enty One Thousand One Hundred Fifty
<br />and OOf100ths ---------------- Dollars ($ 21,150.00
<br />),with interest from
<br />date at the rate of Eleven and one half per cenium { 11.50 ^'.) per annum on
<br />its unpaid balance until paid. The said princtipal and interest shall be payable a[ the omce of Mortgage Plus Incorporated
<br />in Englewood, Colorado
<br />. or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Rtvo Hundred Nine and 60 j100ths ----------
<br />Dollars ($ 209.60 t, commending on the first day of
<br />September , 1980 , and on the firs[ day of each month [hereafter until the principal and in-
<br />ttrest aze fully paid, except that the final payment of principal and interest, it not sooner paid, shall be due and
<br />payable on the first day of August 2010 ;all according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />The Mangagor in ceder mare EuIly to protect the security of this Mortgage, agrees:
<br />f. That he wilfpay the indtbiedness, as hereinbefore provided. Privilege is reserved [o pay the debt in whole, or in an
<br />amount equal [o one or more monthly payments on the principal that are next due on the note, an the first day of any month
<br />prior to maturity: Provided, however, That written notice of an intention to exeecise such privilege is given at least thirty (3t))
<br />days prior to prepayment.
<br />2. That., tagether with; and in addition to, the monthly payments'of principal and interest payable under the terms of the
<br />note secured hereby, the Mortgagor wHl pay to the Mortgagee, on the first day of each month until the sui5 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 Ensured, or a monthly chazge (in lieu of a mortgage insurance pre-
<br />mium) if [hey are held by the Secretary of Housing and Urban Development, as follows:
<br />(1) If and so long as said note of even date and this instrument are insured or are reinsured under the pro-
<br />- visions of the NationalHousing Act, an amount sufficient to accumulate in the hands of [he holder one
<br />Previous Edltiom are Otreotete STATE OF NEBRASKA
<br />FHA-2143M 11a-]]I
<br />
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