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This form is used in connec-
<br />~t tion wi£h rriortgages insured
<br />~~il~'iT1~~~ under the one- to four-family
<br />provisions of the National
<br />HotLaittyt Act.
<br />$I- t~U571~
<br />THIS MORTGAGE, made and executed this 9th day of t)etober ,A.D.
<br />f9 81 , by sad between Extrt 3. Cl auaen and Theresa M. Clausen, hasbartd and wife
<br />of the County of Ha22 .and State of Nebraska, party of the first part, hereinafter called
<br />Nte Mortgagor. attd Sl1F'~tltgt M)RTG71t>E, INC.
<br />a corporation organized and existing under the laws of Nebraska
<br />party of the second part. hereinafter ca0rd the Mortgagee.
<br />WfTNESSETH: That the said Mnrtgagar. for and in ccrosideratirsn of the sum of Thirty six thousand and
<br />igoj100 tktliars iS 36, 000.00 ), paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Orant, Bar-
<br />gain. Sc11. Convey attd Confirm unto the Mortgagee. its successors and assigns, forever, the folbwing-described
<br />rest estate, situated in the County of (tall ,and State
<br />of Nebraska. to wir.
<br />Lot Three { 3) . Block Pour { d) , Colonial Estates Second SU bdivi Sion, an Addition
<br />to the City of Grand Island, Gall County, Nebraska
<br />of the 5+xth Rittcipat Meridirn, a+nWimng in all
<br />meet survey:
<br />acres according to Goveen-
<br />TO HAVE ANfa TO ttt)l.D itte premises atxrve described, with a0 the appurtenanm thtreuntu belonging, and including
<br />aft heatitrg, phrmbing and Fightn fixtures atut equipment now or hereafter attached to or used in connection with said real estate
<br />utrto fyl++rtgagee. atxt to itt .u~ce{~r< and assigns. forever. 'i-he Mrxt£or represents tu, and Covenants with, the Mnrtga-
<br />gee, that the Me+stgagetr has good right let sell and amvey wid premises; that they are free from encumMraneG; and that the
<br />M++rtoagnr will wamiat at++1 defend the same aptittst the lawful claims of aH perst~rns wht+msoever, and the said Mortgagor here
<br />by r~hex ail ruts of inrstestead, artd ail rttartisl rights, either to law or in etiutty, 3tnd ail .r#her conringent interests rtf the
<br />q, to tl` i utA>oe-.f~M:ti~i pttmi;;rs, rite intent~n twang tc+ ~vnvey hcrzbl; an absoCutz lifts, in t+;e tiimpte, inCtud~
<br />its ail rights of {€stead, asKl other rights slot interests as afttte~:aid.
<br />t~(?V if)E'fy AI.VY aYC. sad these crre±+ents arc executed end delivers.: utwa the fr+Iluwittt_t conditkms, to wit;'
<br />The Mortgagor agrees to pay to the Mortgage-, ur order. the principal sum of Thirty six thousand and
<br />Ne/10 tlullarstS 36,tltltl.00 t,
<br />with intereu froze( date ai the rat! ut SBVCrlteet! 6 One-ha.lf per centum ( 1? , 50 `~) per annum on
<br />the unpad brae u~il paid. The said principal and interest shall be payable at the office of
<br />IBC.
<br />Std ~' Grand Island, Nebraska . or at such other place as the holder of
<br />the note may desigtwte in Mrittng, in monthly installments of P'iv~e htmdred twenty seven and 88/100------
<br />i]ttitars IS 529 gy i, commenting on the first dap of
<br />p~~qr .1981 ,and tin flrc first day u[ each month tlxreaftrr uttti3 the: principnl and in-
<br />teract are fully p+ad. except that the final payment of principal and interest, if nut sooner paid, shat) be due amt
<br />payable on the Ctrst day of Novtataber 2 033. ;all according m the terms of a certain pr+amia-
<br />sory rwrte of even date herewith txecuted by the said Mortgagor
<br />1'he Mve in order tnc+re fusty to protect the security of this: Mortgage, agrees:
<br />Thst ~ wit! pay the ittskbaatt+ess, a>* hereittbcfcxe provided, lrtivikge is reserved to pay the debt in whole, or in an
<br />artt+wni tgtraf to+u-t ur m+ue monthly payarents on the principal that arc next due tin rite torte. on the Ctrs( day of any month
<br />prior to maturity: Pe+>rt~+f, however, That written tttxise +af an intentian to exercise such privikgt is given rt least thirty t3t))
<br />days ttrnx tvprepaymrnt.
<br />:. Th+s, t[t~{her witb, Aral in addition to, the monthly p+tYtntnts of pritxipui and interest payable under the terms tit the
<br />(testa ucorcd hereby, the Mwtiprgor wifi pay tci the Mrtrtga~ee. on the first day of each month +mu1 the will note is fu0y paid. the
<br />fultowi+q~ sum+:
<br />{at Atttanint stfits~ertt tsa provide the hddtr bareaf with funds to pay the mxt rrwrtg~e insuran.:e premium tf this
<br />ututurttcat and the trots secured hetebgr are trtaured, of a rtx>yrtftly chasipr /in ftero nJ'a rravt insr:rrutce pre-
<br />mairtrnl if they arc held try the ~reu+ry ol'tfousing and Lirt+an t>eretoprrtrrtt, a3 fellows
<br />tf) ff +~ fstt g as said more of flue iflatrur+}Ct+t ire mr+lred cx eta retrtwrad umter tits prig
<br />u of the '.'.atsvnat l~tx Act. as tsrrtrntnt sufftClent to accumut>te to dw hands of the ttcdde+ txte
<br />waf+aA w .+t A a+aa+s+ wa,ch n+n k,s ,+wa u.,s,+ .uuu+s n +nt+wa„r.+ S"T.#T is l?E` ~tg;ItRA3ilA
<br />+t£tt)•8Z+43aA ($'181
<br />
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