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<br />~'~~~~
<br />Tlsi- frrrzn is usEud ir. *°rnrz~-
<br />tir3n w°ith rrstrrL~a~eae insured
<br />trnsder the oa+~- tr> fcuur-fa¢raily
<br />provisions trf the Ttiationat i
<br />flUrfBtrt{t Afit. i
<br />TfiiS'hfpl2'!'GAGE. made and txecured this 9th day of October ,A.D.
<br />!9 gl ; by and tsetwcea (5ttt J, Clausen and Theresa M. Clausen, husband and wife
<br />of the County of 112
<br />the Mortgagor, and St19'FRIdR tfi12TGPd,Tir INC.
<br />araf State of Nebraska, party of the first part, hereinafter called
<br />a corp+eration organized and existing under the tarns of
<br />party of the secatM part. hereinafter called the Mortgagee.
<br />Nebraska
<br />WiTNE.SSETH: That the seal Mortgagor, for and in consideration of the sum of ~ thousand aril
<br />aon0pw-..--...-- Do!iars (S~r 00~. ~~ ?. paid by the M~t-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presenas does Grant, 8ar-
<br />gaia; Sell: Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following-0-0~ ~
<br />real estate, situated in the County of yell
<br />of Nebraska, to wit:
<br />IOt- Two (2), Block Four E4), Colonial Estates Second Sltbdivision, an
<br />Addition to the City of Grand Island, Hall Cotmty, Nebraska
<br />of the Sixth principal Meridian, containing in all
<br />trxnt suevey:
<br />acres according to Govern-
<br />7'!1 !•iAVE ARID TG Hf3LD the prenises above described, with alt the appurtenartces thereunto belanging_and.includitrg
<br />mat, p!arnbing and lighting fixtures and z:stzripment now or hereafter attached to or used in connection with said real estate
<br />unto the Morg;agef, and to itssuccessors and assigns, forever. The Arortyragur represents to, and covenants with, the Mortga-
<br />gee, that the Mortgagor has good right to sell and c=,~,vey said premises: [hat they are free from encumbrance; and-that the
<br />lortgagor viii warrant and defend the same against "sue== ;=wfut claims of o ! pecsnns whoms=giver:and the said !~fortgzagor here-
<br />t±nr relinquishes alt rights of ~,n'izstead. and alt marti:a s~ is.:ithtr €n !::w or in erluity. and all other contingent interests of the
<br />Mcs€fr in and.to itt~above-de'sc:;~be~J Premises, the inteati~ut izeing to cue-vcy hereby art absuiutc tit:, in f~ si:rp:e, in ~it:d=
<br />__l~~ of noz;.~-+t~d,-~,:ot!~; ri_''ts anc: i^ :~r~ stu 4 afore.:.i=±.
<br />WtpV [Al:D ALWAYS, and these presents are executed and delivered upon the followittgconditions, to wit:
<br />The Mortgagor agrees to pay w the Mortgagee. or order. the principal sum of Thirty six thousand and
<br />-~~~~! [krUars(5 36,000,00 t•
<br />No/100-------------
<br />with interest from date at rho rate of Se°enteen ate one-half per centum ( 17 .50 s7~) per annum on
<br />tht unpaid balat~e utuii paid. i'he said principal and interest shall be payable at the office of
<br />St1P~It~ FtO~ r INC.
<br />to Grand Island Nebraska . ur at such other place as the holder of
<br />tFie uute tray designate in ~:titing, is monthly insta!lnzcnts of Five htntdred twenty seven and 88/100-----
<br />Dollars(~ 527 8~ !, commencing on the first day of
<br />Dectt~ber , 19 81 and on first day a[ each month thereafter until the principal and in-
<br />terest are fully paid, exeept that the fine! payment v€ principal and interest, if not sooner paid, shall be due and
<br />payable on the first day of November 2011 ;alt according to the terms of a certain promis-
<br />sory iwupoE evendate herewith executed by the said Mortgagor.
<br />The;MUrtgagor in order more lolly to protect rite security of this Mortgage, agrees:
<br />1. Tit hs wil!_nay t!ts indebtcduess. as hereinbefvre provided. privi~egess reserved to pay the debt in whole, or in an
<br />amount ettua! to,one or morn mtrnlhly paytrtents on the principal that are next due on the note, tan the first day of any month
<br />bs_tnaturity. Pr~tfdeti,_ hov.~ycr. That written ttatice of an intention to exercise such privilege is given at least thuty (30l
<br />days griru to gt'ya~ut.
<br />2. Thrt, tolscther with,. atrf in addition to, the, mnnihly payme_ats of_principa! and enterest payable under the terms at the
<br />as~urcd he reLk; Ehe hd€zrtot will pay to the Mortgagee, on the first day of each month until the sai21 note is Ailly paid, the
<br />Eolliowitsg, stuns:
<br />la) Amount ntffnaent to provide the hufder herz:ut wittz Fumis to pry the next mortgage insurance premium ii this
<br />ittsirr+ttsunt and the ncrte toured hereby are insured, or a nttantlr{y cizarge /in lien r?~n meurgage insurgrtcr lrre-
<br />mitrrrrl tf they are halt! by rite ~tetary of E(ouxirtg and lJrban Ck+~elcrpntent, as fvllorvs:
<br />f.. ,f~.t ~ !k ~ nc~±A or rtv~ dam A ~itis utstrurrrent are irtsur~d w are reinwred under the pro.
<br />. vi~.rt~ of the t't;unr+tta! 1#au3i>rg Act, an asnriitnt sutfzctent to accutnulute uz the hands el the hvldez vne
<br />rn ~-~ tnaaa ..~rati +azas+ ~a ~ar+ z,nra razwty •r a.r~mvae~t aTAT,'•' t.#' > hif#KASKA
<br />~~ rtuc+-n?iaaM i9~74}
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