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31-02-0568 MORTGAGE THIS MORTGAGE, made and executed tfiis 18th day of August I9 80 , by and between Atuirevr C_ Tenski a single person ,A.D- of the County of ~-1 ,and Stau of w asks, party of the first part, hereinafter called the Mortgagor, and Mortgage Phts Incorporated , a wrporation organized and existing under the laws of the United States o£ America parry of the second pan, hereinafur called the Mortg9gee, WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Thirty Five Thousand and 00/100tha Dollars (S 35 , 000.00 ~ },paid by the Mon- •- gaga, the receipt of which is hereby acknowledged. has Granted and Sold and by these presents does Grant, Bar- gain, Sell, Convey and Confirm unto the Mongagee, its successors and assigns, foreve4 the following-described real cacao, situaud -rn the County of Hall ,and State of Nebraska, to wit: The Northerly One Hundred Seventy Five and Four Tenths Feet (175.4') of Lot Twenty Seven (27) and the Northerly One Hundred Seventy Five and Four Tenths Feet (175.4') of the Westerly Three Feet (3') of Lot Twenty Six (26), In Geer Stbdivison of Lots Six (6) Seven (7) and Eight (8) of Garrett's Subdivision of part of the (Eti) o£ Section 9, Township 11. North, Range 9 West of the 6th P. M. in the City of Grand Island, Hall County, Nebraska. also known as: 2018 N. Illinois, Grand Tsland,NE 68801 of the Sixth Principal A9eridisn, containing in allcity property acres according to G~vern- ment survey: TO HAVE ANp TO HOf-D the premises above described, with all the appurtenances thereunto belonging and including alt heating, plumbing and lighting fixtures and equipment now or hereafter auachtd to or used in connection with said real esiau unto the Mortgagee, and to its successors and assigns, forever. "Che Mortgagor represents to, and covenants with, the Mortga- gee, that the Mortgagor has good right to sell and convey said premises; that they ore free from encumbranw; and that the Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever: and the said Mortgagor here- by relinquishes all rights of homestead, and alt martial rights, either in law or inequity, and all other contingent interests of the Mongagor in and to the above described premises, the intention being [o convey hereby an absolute title, in fee simple, includ- ingall rights of homestead, and other rights and interests as aforesaid. PROYTDED AI-WAYS, and these presents are executed and delivered upon the following conditions, w wit The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Thirty Five Thousand and 00/100ths Dollars' lS 35 ,000, 00 1, with interest from date at the rate of Eleven and one half per centum { 11. SO ' ~) per annum un the anpaid balance until paid. The said principal and interest shall he payable at the office of Mortgage Plus Incorporated in Englewood, Colorado , ur at such other place as the holder of the note may designate in writing, in monthly installments of Three Hundred Forty Six and 85/100ths --- Dollars (5346.85 t, commending un the brat day of October , 19 80 , and on the first day of each month thereafter until the principal and in- terest are fully paid, except that the final payment ut principal and interest, if nut sooner paid, shall hr due and payable on the first day of gepftatttib~r 220p10 :all according to the terms ut a cerudn promis- sory note of even date herewith a ecu e y the said Afortgagcr. The Mortgagor in order more fully to protect the security of this Aiortgage. agrees: 1- That he will pay the indtbtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an amount equal to one or more monthly payments on the principal that are next due un the note, on the first day of any nwnth prior to maturity: Provided, however, That written notice of an intention to exercise such privilege is given at least thirty 1101 days prior to prepayment. Z. Thai, together with, and in addition to, the momhly payments of principal and interest payable under the terms of the note secured hereby, the Mortgagor will pay io the Mortgagee, on the first day of each month until the sail! note is fatly paid, the following sums: (a) Amount sufficient to provide the holder hereof with funds ut pay the next mortgage insuratue premium if this iristntmen[ and the note secured hereby are insured, ur a monthly charge /in lieu oJ'a morrggge innrraace jne- miumJ if they are held by the Secretary of Housing and Urban Development, as follows: p} If and so long as said note of even date and this instrument are insured or are reinsured under the par visions of the Nations[ Housing Act, an amount suffcient to accumuiau in the hands of the holder one -- ~ TTria form is used in coanee- tion with mortgages insured tinder the one- to four-faetvly provisions of the National Aottsing Act. STATE OF NEBRASKA PfbVIWt EdltlOni efe ()triOtete FHA-2143M Ito-)>)