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<br />,_
<br />This form is used in connec-
<br />tion with rtmrtgages insured
<br />MORTGAGE under the one- to four-fami]y
<br />-proro~sions of the National
<br />Housing Aet.
<br />80-= ~~ o
<br />THIS MORTGAGE,-made and executed this 31st' day of July ,A.D.
<br />i9 gpbyandbetween Thotrtas E. Rack and Mary C. Rock, husband and wife
<br />of the County of Hall .and State of Nebraska, party of the first par[, hereinafter caned
<br />the Mortgagor, and BI MORTGAGE COMPANY, INC.
<br />a corporation organized and existing under the laws of Iowa
<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 Thousand Seven Hundred
<br />and No/ 100------------------------------------13ellars (5 30, 700.00 ). paid by the Mort-
<br />gagee. the receipt of which is hereby acknowledgzd, has Granted and Sold and by [here presents does Grant. Bar-
<br />gain, Sell, Convey and Confirm unto the Mortgagee, its successors :md assigns. forever, the following-described
<br />real estate, situated in the County of Aall ,and State
<br />of Nebraska, to wit:
<br />Lot TWO (2) Cleveland Subd,ivisian, Ha11 County, Nebraska
<br />SCHEDULE A PLAN III
<br />$ 233.20 during the 1st note year
<br />$ 250.69 during the 2nd note year
<br />_
<br />S 269.49 d_rring the 3rd note year
<br />$ 289.70 during the 4th note year
<br />$ 311.43 during the 5th note year
<br />$ 334.78 during the 6th note year
<br /> and thereafter
<br />of the Sixth Principal Meridian. Containing in all acre+ aCCOrdmg to Go+ern-
<br />ment sun~ev:
<br />10 HAVE Ai `D TO HOI,.D the premises abo,°e tfcscnc~l, ++iih aRi Ifie ::p~pur4enances thereunto beiongiae and including
<br />all heating, plumping and lighting fixtures anal equipment now or hereafter attached to or used in connection with said real estate
<br />unto the A4ortgagee, and to its soccer: ors and sssigns. forever. The Mortgagor represents to. ;md - r enant - u -ih, the }i -~rtga-
<br />gee, That the Mortgagor has good right to seN and Canvey said pretniszs: that they arC free from encumhrnCC::md iha*, the
<br />Mortgagor will warrant and defend the same against the lawful claims of :dl persons whomsoever: and the c;tid Mortutcrr here-
<br />by relinquishes all rights of homestead. and all martial rights. either in Isw- or in eyuit~ ,and :dl other contingent interests of the
<br />Mortgagor in and to the above-described premises, the intention being to .unve+ henret+~ :m ahsolute title. in tee ample. incful-
<br />ingall rights of homestead. and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are axecuted and delivered upon the &,!luw ing Cundition+, to uit~
<br />The Mortgagor agrees to pay to the Mortgagee. or order, the principal sum of Thirty Thousand Seven Hundred
<br />and No/100------------------------°---------Dollars l5 30,700.00 1.
<br />with interest from date at the rate of Eleven and One-half per cennrm ( 11, SO °,~) prr annum on
<br />the unpaid balance until paid- The said principal and interest shatll be pnyahle at the office of
<br />BI MORTGAGE COMPANY, INC . , or at ouch other lace ;m thr holder of
<br />Omaha,.Nebr ka P
<br />the note may designate in wrung, m mont~ify msrdlments JfX according to Schedule A at taehed
<br />ffiIlB3fX?&C t, aummending on the first Jat ,~f
<br />Se tetttber , 1980 ,and tin the lirs[ day of each month thereafter until the principal and in-
<br />terest are (fully paid, except that [he tinul payment of principal and interest, if nut su„nor paid. .hall hr due and
<br />payable onrhefirstdayof Augrst'_O1C IlaccotthngtrrthetertTisoi,t.c-rtair, ,n,mis-
<br />sory note of eve.^. date herewith executed by the said Mortgagor. "Deferral of~ interest may increase tie
<br />principal balance to $32,935.9d'
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees
<br />I. That he will pay the indebtedness, as hereinhefore provided. Privilege is received to pay the debt in whole, ur m tin
<br />amount equal to one or more monthly payments tin the principal that ore next due on lre note, on the lire +4i+ of am month
<br />prior to maturity: Provided, however. That written notice of an intention m exercise ,uch privilege is given at least Chirp i zoi
<br />days prior to prepayment.
<br />'-. That, together with, and in addition to, the monthly payments of principal and interest pa}ahle under the term. tit the
<br />note secured hereby, the Mortgagor will pry to the Mortgagee, on the lust day of each month umil the +ai8 note i+ fitlh paid. the
<br />following sums:
<br />(a} Amount sufficient to provide the holder hereof with funds to pay the next mortgage insurance premmm rt thts
<br />instrument and the note secured hereby are insured, or a monthly Charge lip lieu uJa mortgage rn.nrrmrcr ~rre-
<br />miamj if they arc held by the Secretary of 13ousing and Urban Development. as follows:
<br />Q) IC ~d sa long as said Hate of aver, date and this instrument are insured or arc reinsured ^ude: the pu~-
<br />visions oC the National Housing Act, an amount sufficient to accumulate in the hands of the holder one
<br />fleptaees FHA-2743M which may be used until supply s exhauatetl tiT:1TE t IM' '~ EBR:5SE.5
<br />HUD92143h1 19791
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