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I This form is used in connec-
<br />"" V Q ~ O t7 a7 lion with mortgages insured
<br />MORTGAGE under the one- to four-family
<br />pr0VIS1nnS of the National
<br />Housing Aet.
<br />{F1ITfI ISSF'81ARED INTSRBST AND INeRBASING MONTHLY INSTALIMF.'TS)
<br />'~'EtfSbtORZ`GAGE, made and executed this 3rd day of June ,A.D.
<br />1St 8l-', , byaadbetwean .Kati S. Street .and. Susan L. Sweet, husband and wife
<br />of tree Couatyof Nail ,and State of Nebraska, party of the first part, hereirtatter called
<br />the Mort®egar, mtd Alartgage Plus Incorporated
<br />a corporatioh organized oral existing under the laws of the United States of Atoerioa
<br />party of the:sceond-part, hereinafterrattedthcMortgagee.
<br />WITNESSF.TH: That the said-Mortgagor, for and inconsideration of [rte sum of Thirty Thousand Three Htutdred
<br />and 00/100ths----------------------------Dollars t$ 30, 300.00 ). Paid by [he Mort-
<br />. gagee; the receipt o€-which is hereby acknowledged, has- Granted and Solo and by these presents does Grant, 8ar-
<br />gain, Seth Convey and Confirm unto She Mortgagee, its successors and assigns. forever, the following-described
<br />reef estate, situates in the County of Hall .and State
<br />of Nebraska, ta.vit:
<br />Lot Six (6) and the Northerly Twenty Four and Five
<br />Tenths Feet. (24.5') of Lot Eight (8), in Block One
<br />(I) i.rt College Addition to West Lawn, in the City
<br />of Grand Island, Ha11 County, Nebraska.
<br />Also Known As:
<br />2418 Borth Huston
<br />Grand Island, NE 68802
<br />BSFERIiAL ON INTEREST MAY INCREASE T1~ PRINCIPAL BALANCE TO $33,905.57
<br />at the Sixth Principal Meridian, containing in all city property acces according to Govern-
<br />rttent survey:
<br />'i'O HAVE AND TO HOL[? the premises above described, with af! the appurtenances thereunto belonging and including
<br />aLr heating, plumbing and fighting fixtures and equipment now or hereafter attached to er used in connection with said real estate
<br />tuHathe Mortgagee, and to its successors artd assigns. forever. The Mortgagor represents to- and covenants with, the hfottga-
<br />goe, that the Mortgagor has good right to sell and convey said premises: that they are tree from encumbrance; and that the
<br />Mortgagor wilt warrant artd defend the same against the (awful claims of all persons whamst~ver; and the said Mortgagor here-
<br />by relinquishes alt rights of homestead, and aft martial rights, either in law or in equitp, xmf all other contingent interests of the
<br />Mortgagor in and to the above-described premises, the intention bring to convey hereby an absolute title, in fee simple, inciud-
<br />ittgall rights of hrxnestead, and other rights and interests as aforesaid.
<br />PBOVIDEt) ALWAYS. and these presents ere executed and delivered upon the following conditions, to wic
<br />The Mortgagor agrees to pay to the Mortgagee, tx order, the principal sum of Thirty Thousand Three Htmdred
<br />and 00/1ElOths-------------°--°-----0vtlarstS 30,300.00 )
<br />with interest frotn date at the rate of sixteen per centum ( 16.00 '%r) per annum on
<br />the unpaid balance until paid. The said principal and interest stall be payable at the office of Mortgage Pltts Incorporated
<br />in Englewood, Colorado . or at such other place as the holder of
<br />the torte may designate in writing, in monthly instsltmenis vt (according to schedule "A" attached to said
<br />note)--------------Dollars (~-----°---------------_---). commending on the first day u{
<br />July , t9 81, and un [he first day of each month @.,;reafter until the principal and in-
<br />terest art fatly paid, except Ehai the final payment of principal and interest, iF oat sooner paid- shalt be due and
<br />payable on the Etter day of June 2011 :all acc:vrding to the terms of ascertain promis-
<br />sory rata of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage. afire°s:
<br />i. That he wdl pay [rte tttdet>tedness, as h.reinbe(ore provided. Privilege is resen~ed to pay the debt in whole, ur in an
<br />amottnt equal to one or tttore tns'nthly payments on the principal the( are nest due en the notz. un the tirsi day of any month
<br />prior to maturity; Provhled. however, Thaf written twtice of an invention tv exercise such privilege is given at least thirty t3!))
<br />days prior t0 pfepayment.
<br />2- That, together with, and in addition to, the monthly payments o[ pciruipal and interest payable ureter the terms of thr
<br />ause accrued ncrrhy, the Murtgagi:r well pay tv the Mortgagee, on the first day of catch month until the saiU note is tally p:eid. the
<br />following sums:
<br />(a) Arnuunt sufficient to prnvtdo the holder hereof with tutxts to pay the next mortgage insurance prenttum it this
<br />utstrutneni tad the txtte ucured hc[eby are insured., or a monthly chxrgr /in fiat Ut a trts,rtggge irrsururrce tx~-
<br />r+yrrtetJ ii tttey arc held by the Secretary of Hottsingaad tlrbsn fJeveitypmenr, as follows:
<br />(!) If attd ?a long ss sairi note cif evert dire ated this tnstrurnent are insured ~*x era seurarcx? ur,~le~ the r.+;•
<br />visions of the l+tatiana) Htwsing Act, stn arntrunt suf~tcient U~! accumaiatc in the htanels of the t!ttltlct ~>oe
<br />~T.-tTE t)t' ~ [;litt.lSN.i
<br />t2N!="1~at t~MA•1tt:FA4 Nwieip~ +rurt t» ors? unfit wtY~iY K ezt~rustM FtttC? td2tA3ta t9 ?it!
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