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<br />31-06-0452 ) This form is used in cotmec-
<br /> lion with mortgages irtotaed
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<br />M®R1"GAGE tinder the one- to tour-fondly
<br /> provisions of lefts PJt:t'.3onal
<br /> Ffonsfttg
<br />Act.
<br /> p
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<br />TtilS MLtgTGAGE, tttade ate executed this 16th day of March ,p,p,
<br />19 81 ,by and between Daryle L. Neighbors and Deborah A. Neighbors, husband and wife
<br />afk/a Darryle L. Neighbors
<br />of the County of Hall ,and State of Nebraska, party of the firer part. hereimfter called
<br />tiu; Mortgagor, and Martgage Plus Incorporated ,
<br />a corporation organized and existing under the lards of the United States of America
<br />Pa~Y of the second part, hereinafter called the Mortgagee,
<br />WITNESSETN: 'that the said Mortgagor, for and in consideration of the sum of Thirty Seven Thousand
<br />Six Hundred and 00/100ths---------------0ollazs (837 , 600.00 ). paid by the Mort-
<br />gagee. the receipt of which is hereby acknowledged, has Granted and Sotd and by these prtsenb dues Grant, Bmr-
<br />gain, Seli. Convey and Confirm unto the Mortgagee, its successors and assigns, forever, flu following-described
<br />real estate, situated in the County of Hall . ~ Smote
<br />of Nebraska, to wit:
<br />Part of 7r~t Twenty (20} of Geer Subdivision of Lots Six (6), Seven (7) and Eight
<br />(8} of Garrett's Subdivision of Part of *_he East Half (Eli) of Section Nine (4),
<br />in Township Eleven (11) North, Range Nine (9), West of the 6th P.M. Hall County,
<br />Nebraska, more particularly described as follows: Beginning at a point on the
<br />Southeast Corner of said Lot Twenty (20} thence running Westerly a distance of
<br />Sixty Six Feet {66'); thence running Northerly Parallel to the Easterly Boundary line
<br />of said Lot Twenty (20}, a distance of One Hundred Forty Two and Two Tenths Feet
<br />(142.2') to the Southerly Boundary line of 20th Street; thence running Easterly
<br />along and upon the Southerly Boundary line of 20th Street, a distance of Sixty
<br />Six Feet {66'); thence running Southerly along and upon the Easterly Boundary line
<br />of Lot Twenty (20) a distance of One Hundred Forty Two Feet (142') to the paint of
<br />Beginning, Excepting from said tract the Southerly Twenty--Five Feet {S25') thereof.
<br />Also Known As:
<br />547 East 20th
<br />Grand Island, NE 68801
<br />of tlx Sixth Principal Meridian, containing in all city property
<br />ment st:rvey:
<br />acres according to Govern-
<br />TO HAVE AND TO HOLD the premises above described, with ail the appurtenances thereunto belonging and including
<br />all heating, plumbing and Fighting fixtures acd equipment no:v ar hereafter attached to or used in connection with said real estate
<br />unto *.he 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 aze free from encumbrance; and that the
<br />Mortgagor will warrant and defend the same against [he lawful claims of all persons whomsoever, and the said Mortgagor htte-
<br />by relinquishes al) rights of homestead, and ail martial rights, either in law or in equity, and ail other contingent interests of the
<br />Mortgagor in and [o 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 exewud and detiaered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Thirty Seven Thousand Six
<br />Hundred and OOJ100ths----------Daltarst5 37,600.00 ), withinteresifmm
<br />date at the rate of fotirte n per centum [ 14.00 °Xi) per antnun on
<br />the unpaid balance until paid. said principal and interest shall be payable at the o8ice of Mortgage Phis Incorporated
<br />m Englewood, Colorado , or at such ether place as the holder of
<br />the Holt may designate in wn[utg, in monr_hty installments of Four Hundred Forty Five and 56/100ths------
<br />-----------------------0ollars i 5445.56 ). cammertdirtgan the feat day of
<br />yay , t9 81 ,and on the first day of each month !hereafter unhit the prinapai and in-
<br />terest are fatty patd, except that the 6na3 payment of principal and interest, if not sooner paid, shall Ito dye attd
<br />payable on the first day of April 2011 :all according to the terms of a pertain ptomiiF
<br />spry note of even date herewith executed by the said Mortgagor.
<br />Tits Mortgagor in order more fully to protest the security of this Martgage. agrees:
<br />1. That he wits pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the dtbt in whale, or in an
<br />amount equal to one or mare mantfily payments on the principal that are next due on the Hots, on the first day of any month
<br />prior to maturity: Ptovidtd, however. That written notice of an intention to exercise such privilege is given at leas[ thirty {3p)
<br />days prier to prepayment.
<br />'. -!hat, together with, and in addition to, the monthly payments of principal and interest payable under rite terms of rho
<br />oats seeured hereby, the Mortgagor wilt pay to the Mortgagee, on the first day of each month until the said note is fully paid, rho
<br />follawirtg sumx: ,
<br />(a) Atnouttt suft'uient to provide fire harder hereof wtth funds to pay the next mortgage insurance premium if thts
<br />instrument attd the Hots? tECUred heretsv rre insured, or a manthiy chazge ('irr tiro aJ s rn:,xrgogr insunrrtre f+m
<br />miuml it they are herd by the Secretary nt Hausirtg and (>sban C7evelapraertt, as falters.
<br />tlY tf artd rn tEmg ss smd nc8e at eben date and thu tnsnurnent are insured of are recnsured tntder the pro-
<br />nwanc of the ~tattonsl tfcrusing Act. an atnouat xufficfent rrt art°utnuiatc m the hands of the f!atdcr ,xtc
<br />PtM1Vra3at3 X34?,,tF:Y #yy C1GSyteea
<br />, r,a - frsane ,eu r1,
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