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31-02-0~4$ 7'}da form is used in canrtee-
<br />- loon wi8}t mortgages in4nred
<br />MORTGAGE t the ane~ to f~-~.
<br />provisiotas ~ -t:he- fssrtianai -
<br />gQ- (1~43b7 ~"_
<br />THIS MORTGAGE, made arrd executed this 15th ~ day of August ,AD:
<br />t9 80 .by andtxiween Roger G: Karcher arrd"Beverly J. Keleher,"Httsbartd. and. Wife -
<br />of the-County of Hall . and State-of Nebraska, party of the first part; hazctaafter caged:-.
<br />[he Mortgagor; and - ,
<br />Mortgage Plus Incorporated
<br />a corporation orgsniud and existing under the taws of the tTnited States of America
<br />party of the second part, hereirrafter called the Mortgagee, - _
<br />WtTNESSETH: That the said Mortgagor, for and in consideration of the sum of Forty Two Thousand Five Hundred.
<br />and 00/lOOths----------------------------------- Dollars ($ 42 500.00 - A Pad by the Mort -
<br />gagce, the receipt of which is hereby acknowledged, has Granted.and. Sold and by t~tesc presents-does Grant,: Bee--
<br />gain; Self, Convey and Cortftrm unto the Mortgagee, its successors and assigns, forever, the followingdeseribed
<br />real estate, situated in the County of Hall , aad$tate
<br />of Nebraska. ta;.°ii: - - -
<br />All. of Lot Five (5), in Block Two (2) in Westerhoff's First Subdivision in the~City
<br />of Grand Island, Hall Cotmty, Nebraska, except t-he Westerly Sixty Five (65') Feet
<br />thereof.
<br />also known and nt>mbered as: 1820 N. Hancock, Grand Island, NE- 68801
<br />of the Sixth Principal Meridian, containing in all city property acres according io Govern-
<br />.ment stuvey:
<br />TO HAVE AND TO HOLD the premises above described. with all the appurtenances Ihereunw beWnging and indudmg
<br />all heating, plurnbingand lighting fixtures and equipment now or hereafter attached to or used in connection with sail real estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenanU with. the Mortga-
<br />gee, that the Mortgagor has good right to sell and convey said premises; that They are free from encumbrance; and that the
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever, and the said Afortgagar here-
<br />by relinquishes all rights of homestead, and all martial rights, either in law or inequity, and all other contingent interests of the
<br />Mortgagor in and to the above-described premises, the invention tieing to convey hereby an absolute title, in fee simple, includ-
<br />ittgall rights o[ homestead, and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
<br />The hfongagor agrees to pay to the Mortgagee, or order, the principal sum of Forty Two Thousand r^ive Hundred
<br />ar? 00/100ths----------------------Dollars ($ 42, 500.00 1. with interest from
<br />date at the rate of Eleven and one half per ccntum ( 11. SO `~F 1 per ;mown on
<br />the unpaid balance until 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 us the holder of
<br />the mote may designate in writing, in monthly installments of Four Hundred Twenty One and 18/iCUths
<br />Dollars l$ 42 g 1, commending on the first day of
<br />October . 14 80 . and on the first day of each month thereafter until the principal and in-
<br />temst are fully paid. except that the final payment of principal and interest, if nut vooner paid, <hall he due and
<br />paya~-en the frrst day of September 2010 ~, al! according !o the terms cf a certain pr,mis-
<br />sory note nteven date herewith executed by the said Mortgagor.
<br />'['he Mortgpgor in odor more fully io protect the security of this Mortgage, agrees:
<br />1. That rte wit: pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to one or morn monthly payments on the principal that ore next due on [he nrxe, on the first day of any on>ntfi
<br />prior to maturity: Provided, however, That written notice of an intention to exercise such privilege is given tit least thirty (illl
<br />days prior [o preRaYmert[.
<br />2. That, together with, and in addition to, rho monthly payments of principal and interest payable under the terms tit the
<br />note secured hereby, the Mortgagor will pay to the Mortgagee, tin the fiat day of each month until the said note is fully paid, the
<br />tollowittgsums:
<br />(a) Amount sufficient to provide the holder hereof with lands to pay the next mortgage insurance prenuwn if this
<br />instrument and the note secured hereby are insured, or a ition[hly charge /in Lieu of v mnrtgvge rnsurancr prr-
<br />mium/ if they are held by the Secretary of Housing and Urban Development, as lollows:
<br />(1} if and so tong as said note of even date and this instrument are insured or are rainsYtred coda: the pro
<br />visions of the National dousing Act, an amount sufficient ro accumulate in the hands of the holder one
<br />f:17'ti (1F NEBRASKA
<br />Previous Etlltions ere Obsolete r Hw - a r aeon i t c- i r r
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