|
31-02-0555 - Thsa form is toed in couese-
<br />- 1t~-tL 77fr~~Ir~s/v /~s r - Lion with tswrtgages ittattttwd.
<br />ppn ar~ +~ 1rIQtA'i IT~IAE tt~ the our tss fotat-fatly
<br />E3EJ°"" ~ ~ Y e3 r7 ~ +8 Xet.- the: Natiienal: -
<br />THIS MORTGAGE, made attd executed this 15th ~,y ~ August ,A,p,
<br />19 80 ,byardbetwxa R. S. Prabhu and.Hairini Prabhu, Husband attd Wife -
<br />ofthe County of Hall , arsd Stott of Nebraska, party of the lien put. Ite:eiattftedralkd
<br />the Mortgagor. and
<br />Mortgage Plus incorporated
<br />a corporationorgattimdartdexistit~uoderthehawsof the-United States of Ataerica
<br />party of the second part, bereinaher called the Mortgagee,
<br />W/TNESSETH: That the said Mortgagor, for and in consideration of the sum of Fifty Eight Thousand Five
<br />Hundred and 00/100ths------------'----------------0Wlars ($ 58.500.00 ), paid by the Mort-
<br />, gag~x, the receipt of. which is hereby acknowledged, bas Granted and Sold and by these presents does Gram, Bar-
<br />gain, Sell, Convey a~ Cottfsrm unto the Mortgagee, its successors and assigns, forever, the fogowittgdeseribed
<br />real estate, situated m the Courtly of Hall ,and Stott
<br />bi Rf~aska, f6 vrir:
<br />Lot Forty Three (43), Le Heights Fourth (4th) Subdivision, Hall County, Nebraska.
<br />also known and ntimhered as: 2119 Viking Road, Grand Island, NE 68801
<br />of the Sixth Principal Meridian. containing in all city property acres according to Gnvem-
<br />rbeaf snYVey:
<br />TO HAVE AND TO HOLD the premises above described, with ail the appwtenances thereunto belonging 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 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 that the
<br />Mortgagor witl warrant and defend the same against the lawful claims of all persons whomsoever, and the said Mortgagor here-
<br />by rehnquishesall rights of homestead, and all martial rights, either in taw or in equity, and all other contingent interests of the
<br />Mortgagor in and [o the aboveiiescribed premises, the intention being to convey hereby an absolute title, in fee simple, indud-
<br />ittgall 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 egrets to pay to dre Mortgagee, or order, the principal sum of Fifty Eight Thousand Five Hundred
<br />and 00/l0~ths---------------------Dollars ($ 58, 500.00 1. with interest from
<br />date et the rate o Eleven and one half per centum ( 11.50 sad per annum on
<br />the unpaid balance unW paid. The said principal and interest shall be payable at the 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 at Five Hundred Seventy Nine and 74/100ths
<br />____.._________________________Dollars ($ 574 74 Lcommending on the first day of
<br />October . 19 gp, and on the first day of tack month thereafter until the principal and in-
<br />terest are fully paid, except that the finat payment of principal and interest, ii not sooner paid, shall he due and
<br />payable an iht brat day of September, 2010 ; atI according to the terms of a cer!ain promis-
<br />sory note of even date htrewith executed by the said Mortgagor.
<br />The Mortgagor in order mots fully to protect the security of this Mortgage, agrees:
<br />t. 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 mooihly payments on the principal that are next due on the note, on the first day of any month
<br />prior to maturity: Pravakd, however, That written notice of an intention to exercise such privilege is given at Ira>t thirty 130)
<br />days prior to prepayment.
<br />2. Thal, together with, and in addition to, the monthly payments of principal and interest payable carder the terms of the
<br />nett secured hereby, efte Mortgagor will pay to the Mortgagee, on the fast day of each month until the said note is fully paid, the
<br />following sums:
<br />(a) Amount sufficient to provide the balder hereof with funds to pay the next mortgage insurance premium if tl»s
<br />instrurteertt and the note acured hereby era insured, or a monthly charge {;n lieu oja nrrrrgq¢e irrsurustcr trre-
<br />mivm; if tltmv arm hmld by the S.°tretary of i~fausing and Urban Development, as follows:
<br />(I) If and 30 long as sold note of raven date and this inslrumettt art insuured or are rcinsutcd under the pn~-
<br />visions of the National Noosing Act, an amount sufficient to accumulate in the hands of the holder one
<br />Previous €diteons ere Odsotem tiTA'I'ElIF' NEKRASK,\
<br />rMN-i9a3ht i1G):}
<br />
|