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31-02-0561 This forest is rttred in crorur€c-
<br />tion with rmrtgages irtatn~ed
<br />M®RTGAGE nrdrs t~ a~ to fonr_fttmiiy
<br />previsions of the Tzstional
<br />ItorrtdngAet.
<br />80- 0~ X363
<br />THIS AtORTGAGE, made and executed this 15th day of August ,A.D.
<br />19 80. by and between Wayne Alan West and Cazol Rae West, Husband and Wife
<br />of [hs County of Hall ,and State of Nebraska, party of the f¢stpart; itereiaafpx cafkrf
<br />the Mortgagar, and Mortgage Plus Inc crcporated +
<br />a corporation organized and exisiittg under the laws of the United States of Ataeriea
<br />party of the xcond part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Fifty Eiqht Tkovsattd One- Htmdred
<br />Fifty attd 00/100ths-•-------- --Uollars{$ 58,150.00 ~ ),Datdbyt)teMort'
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Ban'-
<br />gain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns, foreveq the-follnwitrg-dsscn'fted
<br />real estate, situated in the County of Hall + ate State
<br />of Nebraska. to wit:
<br />Lot Five (5), Franzen Subdivision, a replat of Lot Twenty one {21) Island
<br />Acres, City of Grand Island, Hail County, Nebraska.
<br />also known and numbered as: 3003 W. 16th Street, Grand Island, NE 68801
<br />of ihr Sixth Principal Meridian, containing in all city property acres according to iiuvenr
<br />7r1 t1 Al't ri hiU i{l HbLD the premixes shore dcsc nhed, wttlt al the ^Ppurtenaners thereunto brionging and including
<br />all heating. ptumk+ing and lighting fixture. and equipment now nr hereafter attache) to or use) in amnrcunn with rest) real estate
<br />unto the Mortgagee, and m its successors and assign. forever. T'he Mortgagor represents to. and covensnts with, the Mortga-
<br />gee, that the Mortgagor has Foerd right br sell and convey rind premises; That They are tree from encumbrance: and that the
<br />Mortgagor wdl warrant and defend the same agnint the lawful drums of :JI persons whomsoever, and [he rest) Mortgagor herr-
<br />hy relinquishes all rights u( homestead.:md all martial nghts. either m laze or m rgwty, and ail other contingent interests tit the
<br />Mortgagor in and to the above-descntxd prcm++es, ihr uveotion bring to convey hereby an absolute title, m fee simple, melud-
<br />ingall rights of homestead, and other righo and interests as afores:uJ.
<br />PROVIDFU ALWAYS, end these presents ,zee executed and deln~ereJ upon the following condition. to wit
<br />~l'he Atortgagar agrees to pay ts. the Mortgagee. or order. the pnncip¢d Burn of Fifty Fight 'Phousand One f!undr ed
<br />Fif`y and OOj1COtts---------------Dollars t5 58, i5C. 00 ,. with utcercst from
<br />date at the rate of Eleven and one half per crnuun 1 11.50 'l t Per annum on
<br />the unpaid balance until pail. ~Che said principal and interest shall he p:+vable tit the office of Mortgage Plus I ncorporatcd
<br />in Englewood, Colorado . or ai such ocher place o, ihr hnldri tit
<br />the note may designate sit writing,mmonthly mstallmcros of Five Hundrt'<3 Seventy six and '7 /100ths--------
<br />____________________________ Ikrllars 1~ 576.27 1. commending on the lint das of
<br />October ~ Iy80 . and nn ihr fiat day of each month thcrraftcr until ihr pnnapal and m~
<br />serest are fully paid, except that ihr final payment of Principal and interest, d not wunet p;uJ. ,h:dl hr Iiur .Ind
<br />:sya!s!e c :the fir±t d' cf ->?pteatbzr '^14 ~!I €:_curdin;; a t!?r ._rm: ;±t a,_. _a! nruue;,
<br />racy Harr of even des±e~herrwith executed by the saxl Murtgugoi
<br />The Mortgagor in older more fully w protect the ~ecuntp of this Mortgage. agrees-.
<br />I. 'Chat he will pry the indebtedness, as hereint+e[ore provided, Privilege n reserve) to pxv the JeM m whole, or m an
<br />amount equal to one ur more monthly payments tin ihr principal that are next due on the Dote. on tt+c lint d;n of any mouth
<br />prior ro maturity: Provided. however, That written notice of an intention to e.xeretse such pnvilege is grvrn :u least [htny t 401
<br />days prior In prepayment.
<br />?. That, together with, and in addition to, the monthly payments of principal and interest payable under the terms of ihr
<br />note secured hereby, the Mortgagor will pay to the Mortgagee, tin the first day of each numb anal the resift note is fully pat). the
<br />following sums:
<br />(a) Amount 5uf(i~ient to provide the holder hereof with funds to pay (he next mortgage insurance prrtmum tl thu
<br />instrument and the note secured hereby are insured, or a monthly charge irn liezr q(o rr¢Irtgagr mstrranrr pn-
<br />rntunr) it they are held by the Secretary of Housing and Urban lkvelopment, as f olluws.
<br />tf) It and sit tong as setd note ur even date and ihss as[rument arc insured +,r aw minsurrd under the P.ru-
<br />vistons of the Nauunel iiousing Aer, an mnount sui ticrent m acaunul:rte m the I-land, of the holder one
<br />5T:4TF. flh NE[2RASh,t
<br />PrEV10Ub EdItI0nA ArC ObA0rBtE iNA )1A3M IIn )]1
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