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31-02-055b _~'."`") This form is tffied in +wnnee- :._
<br />. lion with- mortgages ittstscd:
<br />MORTGAGE ttttaer the one- is fota~-fantafy
<br />~Q-- V04628 provisimta ar ~-:oaf
<br />~tr~ng:ozt:
<br />THIS MORTGAGE; made and executed this 27th- ` day of August ;/sp;
<br />14 8Q , by and between Danny G. - McCray and Ella V. McCray httsliand and aife•- - - - _
<br />of the County of Ffal l ,and State of Nebraska, party of the fvstptut,:heceinaftes caged
<br />the-Mortgagor; and Mortgage Plus Incorporated - - - _
<br />a corporation organized and existing underthe laws of the United States of Att>erica
<br />party of the second patt, hereinafter called thzMortgagee, - - -
<br />WITNESSETH: That the said Mortgagor, for and in wnsideration of the sum of Thirty Eight Thous F'
<br />Httndred and 00/100ths - Dot1~ (Sgg~ 5 00 ~ )~~"'"?-~~# -
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold aod'tfy ihe'se presents does Granf; Bar-~~
<br />gain, Sell, Convey and Confnm unto [he Mortgagee, its successors and assigns, forever, the fogowing-0esedtied
<br />real estate, situated in the County of Hall ~ , a~~3tate
<br />of Nebraska, to wit:
<br />Lot One (1), in Fractional Block Eighteen (18}, in Ashton Place, an Addition to the City
<br />of Grand Island, Hall County, Nebraska.
<br />also known as: 2603 W. Charles, Grand Is1and,NE 68801
<br />of the Sixth Principal Meridian, containing in all city property acres according to Govern-
<br />ment sunev:
<br />T4 HAVE AND T4 HOLD thz przmiszs above described, with all the sppurtenances 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 arc free from encumbrtnce; and that the
<br />Mortgagor will warrant and defend the same against the law[ul claims of all persons whomsoever, and the said Mortgagor here-
<br />by relinquishes all rights of homestead, and all martial rights. either in law or in equity, and all other contingent interests of the
<br />Mortgagor in and to the above-0escribed premises, the intention being to convey hereby nn absolute title, in tee simple, includ-
<br />ing aIlrights of homestead, and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS. and these presents are executed and delivered upon the folbwing conditions, to wic
<br />The Mortgagor agrees to pay tr the Mortgagee, or order, the principal sum of Thirty Eight Thousa {i FivQ
<br />Hundred and 00/100ths [bllars (5 38, 500.00 ), wtt~i interest [rom
<br />date at the rate of Twelve per centum ( 2 00 ^H per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payahle at the office of hfortgage 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 of Three Hundred Ninety Six and 17/100ths ----
<br />Dollars (S 396.17 6 commending on the first day of
<br />October .1480 • and on the first day of each month [hereafter until the principal and in-
<br />teract are [ally paid, except that the final payment of principal rind interest, if not sooner paid, shall he clue and
<br />payable on Iho first day of Septeadaex 2010 :all according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />I. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay fhe debt in whole, ur in an
<br />amount equal to one or more monthly payments on the principal that arc next due un the note, on the first day of any month
<br />prior to maturay: Provided, however. That written notice of an intention to exercise such privilege is given at least thirty 1?01
<br />days prior to prepayment.
<br />2. That, together with, and in addition to, the monthly payments of principal and interest payablz under the teens of the
<br />note secured hereby, the Mortgagor will pay to the Mortgagee, on the first day of each month until the sai8 note is fully paid, the
<br />following sums:
<br />(a) Amount sufficient to provide the holder hereof with funds to pey the next mortgage insurance premium if this
<br />instrument and the nose secured hereby are insured, or a monNdy charge /in lieu of a nmrrRgge insurance pre-
<br />mium) if they arc held by the Secretary of Housing and Urban Development, as follows:
<br />(I) If and so long as said note of even date and this instrument are insured or are reinsured under tlrt pro-
<br />visions of the National idouaing Act, an amount sufficient tc aceutnulate in the hands of the holder one
<br />STATE OF'.VEBRASKA
<br />Previous Eeitione ere UWOleie FHA-7143M I1O-! )1
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