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31-02-0659 This farm is used in connec-
<br />FREDERICK Y lion with mortgages insured
<br />MOIRTGAGE under the one- to four-family
<br /> provisions of the National
<br /> Hauling Aet.
<br /> 81-s) ~, 3'713
<br />'fZffS MORTGAGH, made and executed this 17th day of July ,A.D.
<br />19 81 ,byendbrtween Rosalie F. Frederick, an unmarried person
<br />of the County of Sall ,and State of Nebraska, party of Ehe firs[ part, hereinafter Gaited
<br />the Mortgagor. and Mortgage Plus Incorporated ,
<br />a corporation organized and existing under the laws of the United States of Attterica
<br />party of the second part, hereinafter called the Mortgagee.
<br />WITNESSETH: That the said Mortgagor, for and in consideration of tht sum of Thirty Eight Thousand Eight
<br />Sundred Fifty and, 00/100ths-------------------JJollars tS 38 , 850.00 ). Paid by the ivfort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, t3ar-
<br />gain. Sell. Canvey and Confirm unto the Mortgagee, its successors and assigns, forever,- the following-described
<br />real estate, situated in the County of Hall ,and State
<br />of Nebraska, to wit:
<br />lots Thirteen (13) and Fourteen (14) in Hlock Five (5), in
<br />The Original Town of Cairo, Hall County, Nebraska.
<br />Also Known As:
<br />211 Suez
<br />Cairo, NE 68824
<br />of the Sixth Principal Meridian, containing in all cour_ty property acres according [o Govern-
<br />mentsurvey:
<br />TO HAV E AND TO HOLD the premises above described, with all the sppurtenanees 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 assign;, forever. The Mortgagor represents to, and covenants with, the Mortga-
<br />gee, that the Mortgagor has goad right to se0 and convey said premises; that they are free from encumbrance; and that the
<br />Mortgagor will warrant artd defend the same against the lawful claims of alt persons whomsoever; and the said Mortgagor here-
<br />by relinquishes alt rights of homestead. and alt martial rights, either in law or inequity, and all other contingent interests of the
<br />Mortgagor in and to the above-describxd premisrs, the imenfion being to convey hereby an absolute title, infer simple, includ-
<br />ing all rights of homestead, and other rights and in[ereus as aforesaid.
<br />PROV IDED Af.W AYS, and these presents are executed and delivered upon [he following conditions, to wit:
<br />The Mortgagor agrees to pay to [he Mortgagee, or order, the principal sum of Thirty Eight Thousand Eight
<br />Hundred Fifty and 00/100ths-----------------Dotiars(S 38,850.00 ).
<br />with interest from date at the rate of fifteen and one half per centum ( 15• `-~ !yo) per annum an
<br />the unpaid balance until paid. The said principal and interest shall be payable at the otftce of N!ortgage Plus Incorporated
<br />in Englewood, Colorado , or at such other place as the holder of
<br />the torte may designate sn writing, in monthly installments of Five Hundred Six and 99/1QOths------------
<br />______________________________f)u@ors (S 506.99 h commencingon the first day of
<br />Se testber . t9 gl . and on the first day of each murith thereafter until the principal and in-
<br />terest aze fully paid, except that the final payment of principal and interest, if nut sooner paid, shall be due and
<br />payable on the first day of August 2011 ;all according to the terms of certain promis-
<br />sory note of even date herewith executed by t}n, said Mortgagor.
<br />The Aortgagor in order mote fully to protect the security of this Mortgage. agrees:
<br />1. That he will pay the indebtedness, as hereinbrfore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal [o one or more momhty payments un the principal that arc next due on the note, on the lust day of any month
<br />prior to maturity: Provided, however, That written notice of an intention to exercise such privilege is given at least thurty (30)
<br />days prior to prepayment.
<br />2. That, together with, and in addition ta, the monthly payments of principal and interest payable under the terms of the
<br />note secured hereby, the Mortgagor will pay to the Mortgagee, an the first day of each month anal fhe sai8 note is fully paid, the
<br />foGowirig sums:
<br />(a) Antauttt suftieirnt to provide the holder hereof with funds [u pay the next mortgage insurattct: prcntium ii this
<br />instrument artd tttr note secreted hereby are insured, ur a ntorritdy ckarge (in ficu oja rrtortgage insurance pre-
<br />mium J if they are held b}. the Secretary of Housing and lJrbar: Developrnrnt, as (ollow~s:
<br />(1) tf and sa tang as said Hate of even bate and this tustmrtrertt are insured or are reinsured uadrr the prts
<br />visions of the isiational Housing r4 , an amourtt suffic~ieut ro accsrrnulata hi tke hartdsaf tke holder one
<br />fZaArasss rtt.n-~ Y43ht wn,ch ,oav ke usbrr uni51 s~nPYY rc exR~ustaal tiTATE(?~' Nk M;RASl-A
<br />ttUO-52[43M f8.791
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