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' 31-04-0363
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<br />- This form is wed in connec-
<br />tion with mortgages iwtsod
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<br />~o,-dpi MO
<br />TGAGE undr'r the one- to four-family
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<br />t7V ~"' u 0 4 8 6 0
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<br />OO'~! provisions rat the National
<br />Aouaing Act
<br />THtS MORTGAGE. taadt and executed this 14th day o{ February ,A.D.
<br />19 80 , by and between Stephan A. Glade and Debra S. Glade, Husband and Wife
<br />of the Couny o[
<br />the Mortgagor. and Hall ,and State of Nebraska, party of the lust part, herciaafter called
<br />Mortgage Plus Incorporated
<br />a caaporation organired and existinguader the laws of the United States of America
<br />party o(the second part. hereieafter called the Mortgagee,
<br />WITNESSETH: Ttwt the said Mortpgor, for and in coaridention of the sum of Forty Seven Thousand Six Hundred
<br />Fifty and 00/100tha-------------------------------Dollars (S 47,6$0.00 ), paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, hen Granted and Sold aced by these prcaeitta dose Gran[, Bar-
<br />gain, Sell, Convey and Confirm unto the Haongagee, its successors aM aaaigna, forever, the fotlowi ~atsm
<br />real estate, situated in the County of 177
<br />of Nebraska, to wit:
<br />Lot Twenty (20) and the Westerly Eighteen (W18') feet of Lot Twenty-One (21), Block
<br />Ttro (2), Parkhill Subdivision, an Addition to the city of Graartd Islanti, Hall
<br />County, Nebraska.
<br />Also knovm and numbered as:
<br />2512 W. Anna, Grand Island, NE 68801
<br />of the Sisth I4tnctpal Meridian, containittg in ail Ci.fiy Property acres accardittg to Govern-
<br />ment survev:
<br />TO HAVE AND TO HOLD the premises about desrrilusl, with all the appurtenan4es thereunto helongittg and im:luding
<br />all hosting, plumbing and ligfiting fixtures attd equipmem raw ur htrtafter 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 covenants with, the Monga-
<br />tia, Mat the Mortgagor has good right to sett and convey +aid premises; that they arc fret /torn encumbrance; attd that the
<br />Mortgagor will warrant and delend the same against the lawful claims of all persons whomsoever: and the .aid Mortgagor here-
<br />by rolirtquiahes all ryhu of homestead, and dl menial rights, either in law or in equuy, and aN Mher contingent interests .>{ the
<br />Mortgagor fn and to the above-deat.•ribed premises, the intention being to convey hereby an absolute titk, in fee simpk, iachtd-
<br />ingall rig}ttx of homestead, and other rights and interests as aforesaiJ.
<br />PROVIDED ALWAYS, and these presents arc rxeeuted and delivered upon the foll~wingconditinns. town
<br />The Mortgagor agrees ro ~y a the Mortgagee. tx Iwdar, the prircipd stem of Forty Seven ThtYUaand Slx Htindrsd and
<br />Fifty and 00/100tha---------------- Ibtlarr tS 47, 650.00 1. with interest from
<br />date at the rate of 1W per centum l 12.00 ~1
<br />the urq+aid balance until prid. 71rc saM pnncipel and interest shall bt payable at U[t uAlce of Mortgages Plus Inmzporated
<br />to @xglevaosxl, tblozado x at sw:h other place as the border n}
<br />the nWe may desigtute to writing, is monthly iasfaltmrntrat (according ro schedule A attachrxf co paid
<br />note ---------__-....-__~__~- IS _-__--_-°----- nding on the thst day of
<br />w, comme
<br />zil I9 _, andmrtM iirat d-Y rat each month therta}ter anal the principal and tm
<br />trroat am fully Pttid, except chat the final psYmem uT`~ (ithtt7pai and mterext. if nW caner pail, +Rall he Jue and
<br />payable on the Ma day of [4tsrch, 7010 all atcotdittg w eha terms id a csrratn ptomn-
<br />tary tttnr of even dart herewith executed by rht said Mungagnr,
<br />The Mratgagor in order mare fully to protect the secarity o(this Mortgage, agrees:
<br />I. That he will pay the iodebtedaens, as herembefore provided. Privilege is retrsrved w pay the deM in whole, ur in an
<br />amouot equal to one ur mote moatMy yytrxats on the principal That are next dot on the mne, tm the first day of any month
<br />Pt'KK to maturity: Pwvided, txrwever, That written ratio of an iotentiun to rxarctse stWt pl'ivlkge is givra ut least thnty I10;
<br />days prior to prepayment.
<br />'_. That, together with, and in addition to, the monthly payments of principal and interest payahk under the terms u} the
<br />note ser:ured hereby, the Mortgrgor will pay to the Mortgagee, nn the fuse day of each month untd the sai0 note is fully paid, the
<br />followtrg soma:
<br />' (a) Amount auftictmt to provide the holler hereof with funds to pry the next mortgage insurance prcrtuum if thts
<br />inatrunrant ate the note smeared hereby xrc inwred, ur a rrttmthly charge lot Ifeu n) o marrggRe inavrrwer prr-
<br />ripr:m) if they are held by the Seeraury oC Hauaing and Urban tbvelopttxnt. as follows:
<br />(t) IC sod so long as seed rams of overt date and thta mattuttxnt ors inwred ex art rtinaurcd under the pro
<br />visions of the National Hottaing Act, an amount sufficient to aa:cumulste in the hands of the holder one
<br />PraWOUt Editwm are pbwlan .l`TATE OF V F.BHAyR:\
<br />rH4--ata]M It O~)rl
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