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- - This farm is used in eonnec-
<br />- - a~ D n tion with mortgages insured
<br />- - - - - - 1rl0A~V~G~ under the ane- to four-family
<br />- - - - - - - previsions of the Narional
<br />Housing Act.
<br />THIS MORTGAGE, made and executed this 31st- day of July ,A.D.
<br />14.80 ,by and between Randall"W. Stewart, an-tittmarried person
<br />oelhe County of Ha11 - - - ,and State of Nebraska, party of [he first part, hereinafter ca0ed
<br />the Mortgagor, and BI MORTGAGE COMPANY, INC.
<br />a corporation organized and existing under the laws of Iowa
<br />party df the second pazt, hereinafter called the Mortgagee.
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Thirty-Five Thousand One
<br />Hundred Fifty and No/ 100----»_-__-_____________~ollars (5 35 ,150.00 1, paid by the Mort-
<br />gagee, fhe receipt-of which is hereby-acknowledged, has Granted avd Sold and by these presents does Grant, Bar-
<br />gain, Sell, Convey and Confirm unto the Mortgagee, ,its successors and assigns, forever, the' following-described
<br />real estate, situated in 4he County of Hail .and State
<br />of lYehraska, to wit:
<br />Lot Six {6} in Block Eight (8) in Scarff's Addition to West
<br />Lawn, in the city of Grand Island, Hall County, Nebraska
<br />of [he Sixth Principal Meridian, containing in all acres according to Govern-
<br />mentsurvey:
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenanees thereunto belonging and including
<br />ati heating, plumbing and lighsing fixtures and eyuipment now or hereafiKr a«ached [u ur used in connection with said rest esta[r
<br />tutu the Mortgagee, and to its successors and a<cign, forever, The Martgsgur represents «,, and covenants with. [he 4furtga-
<br />gee, that the Mortgagor has gaod right to sell and convey said premises: that they are fret from encumbrances and that the
<br />Mortgagor wilt warrant and defend the ssme against the lawful claims- of ail persons whomsoever; and the .aid ~iartgagor htre-
<br />byrelinquishes 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, the intention being to canvey hereby an absolute title, in fee simple, includ-
<br />ittgallrights of homestead, and other rights and interests as afuresaid-
<br />PROVIDED ALWAYS. and these presents are executed and delivered upon the following conditions. to wit:
<br />The Mortgagor agrees «? pay to the Mortgagee, or order, the principal sum of Thirty-Five Thousand One
<br />Htmdred Fifty and No/100-------------------DotlarslS~ 35,150.00 I•
<br />with interest from date at the rate of Eleven and One-half per ctntum ( 11.50 ''~) per annum on
<br />the unpaid balance until paid. The said principal and interest shall he payable tit the ofTice of
<br />BI MORTGAGE COMPANY, INC.
<br />rn Omaha Nebrasl~~ . or at such other place a-s the holder of
<br />the note may designate to wntng, m moot y installments of Three Hundred Forty-Eight and 04/ 100-------
<br />___________________________ Dc?Ilars (.b" 348.04 !. commending on the tint day of
<br />3eptetnber . I9 80, and on the first day of each month thereafter umil the principal and in-
<br />terest are fully paid, except that the final payment of principal and interest, if not sooner paid. ,hall he due and
<br />payable nn the first day of August 2010 ;all according m the terms of a certain pr~mis-
<br />sory-ante of even date herewith executed by the said A4artgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees
<br />1. -That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the deM in whole, ur in ^n
<br />amount equafto one or more monthly payments an the principal that are neat due tin the note, on the tint 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 1301
<br />days prior to prepayment.
<br />_'. That, together with, and in addition w, the monthly payments of principal and interost payable under the terms of the
<br />note secured hereby, the Mortgagor will pay to the Murtglgee, on the first day of each month until the sai8 note is fully paid. the
<br />following slims:
<br />(a) Amount sufl3cient to provide the holder hereof with funds to pay the next mortgage insurance premium if this
<br />instrument-arid the note secured hereby are insured, or a monthly charge /fn flea of a mortgage insurance pm-
<br />meum/ if they are held by the Secretary of Housing and Urban Development, as follows:
<br />(I) 3i`--and so long as said note of even date and-this instrument are insured ar are reinsured under the pro-
<br />visions of the Nauonat Rousing Act, an amount sufficient to accumulate in the hands of the holder one
<br />.Replacsa FHA-2t43M Whi4h may be used unfit supply is e><hauztad STATE OF 'YEBRASIu1
<br />HUD-92143M 19-791
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