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This form is [used in rntumec-
<br />tion with mortgages insured
<br />MORTGAGE under the one- to four-family
<br />provisions of the National
<br />Sp- U G 4 73'7 Housing Att.
<br />THIS MORTGAGE, made and txecuted this '~ day of Septetaber ,A.D.
<br />i9 80 ,byattdbetween David E. Glaser and Dorothy A. Glaser, husband and wife.
<br />of the County of Hall ,and State of Nebraska, party of the first pan, hereinafter caned
<br />the Mortgagor, and Cotttmereial Federal Savings and Loan Association
<br />a corporation organized and existing under the laws of Nebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSE77I: That the said Mortgagor, for and in consideration of the sum of Twenty Nine thousand and
<br />No/100--------------------------------------- Dollars (S29 000, 00 D. Paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and ~Ty these presents does Grant, Bar-
<br />gain, Sefl, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the- following-described
<br />real estate; situated in the County of Haul ,and State
<br />of Nebraska, to wit:
<br />The Westerly One Half {W 1/2) of Lot Two (2) itt Block One 'riundred Thirty Five
<br />Cl3S) in Union Pacific Railway Cotapanyts Second Addition to the City of Grand Island
<br />£iall Cotmty, Ntabraska.
<br />n ~.4' f!'~:f#it#'N~~'fSt~t'::
<br />n'RS4~k1`R
<br />TG HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including
<br />all heatitt;, 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 wilt warrant and defend the same a&~inst the !awful claims o(all persons whomsoever; and the said Mortgagor here-
<br />by tehnquishes 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-described premises, the intention being to convey hereby an absolute title, in fee simple, includ-
<br />ingall 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 Mongagor agrees to pay to the Mortgagee, or order, the principal sum of Twenty Nine Thousand and
<br />No/100----------------------------Dollars tS :ttr29, 000.06>r>f ). with intnrest from
<br />date a[ the rate of Twelve per centum ( 12.00 ~~l per annum on
<br />ttt~ unpnid balance until paid. The said princtpal and interest shall be payable at the office of Cotttmercial Federal
<br />Savings g Loan Omaha, Nebraska , or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Two htmdred and ninety ei1= ht. and 41/100---
<br />____________________________ Ikdlars tS n*~98 41i<>t 1. commending un the first day u(
<br />November 1, , 19 80 , and nn the rst day of each month thereafter until the principal and in-
<br />terest art tulle paid. exctp[ that [he final payment of principal and interest, if not sooner quid, shall be due and
<br />payable on the first day of October 1, 2010 ;all according to the terms of a certain pr~mis-
<br />swy torte of even daft herewith executed by the said Mortgagor.
<br />Tht Mortgagor in order more fully to proteet the security of this Mortgage, agrees:
<br />t. That tle will pay the indebtedness, as hereinbefore provided. Privilege is reserve) to pay the debt in whole, or in an
<br />amount equal to one or more monthly payments on the principal that are next due un the not[, un thz first day of any month
<br />prior to matttrity: Provided, however, That written trotice of an intention to exercise such privilcgt is given at least thirty t 301
<br />days prior to prepayment.
<br />2. That, together with, and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />note scoured hereby, the Mortgagor will pay to the Mortgage[, on the first day of each month until the lain note is fully paid, the
<br />following sums:
<br />(a) Amount sufficient to provide the holder hereof with funds to pay the next mortgage insurance premium if this
<br />iustrument and the not[ secured hereby art insured, or a monthly charge (in liar o/a mortgage in,ntmnce Pre-
<br />mium/ i[they art held by the Secretary of Housing and Urban f3evetopment, as follows:
<br />{f) If and so long as said nnte of evm date and this instrument are insured or are reinsured under the pru-
<br />visions of the National Housing Act, an amount sufficient to accumulate in the hands of the holder one
<br />STA'fF.O£ NEBRASKA
<br />PrtViow Editions aru Obsolete FHA-214aM I IO~TT)
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