|
~ This form is used in eonnec-
<br />~e ~-t tion with mortgagees insured
<br />3'll~~T~iTAiT~ undnr the. ono- to four-family
<br />proviaiona of the Natioita3
<br />Houaentr Aet-
<br />81-~ uU5906
<br />THIS MORTGAfiE, nwde and executed this 27th day of 19otemher ,A.D.
<br />19 gl , by and be:[ween Joseph Maria Sanchez acid Ventura Sanchez, husband and wife
<br />of the County of Hall ,and State of Nebraska. parry of the first part, hereinafter called
<br />the Mortgagor, and SV: S+tI032 MORTGAt~, INC.
<br />a corporation organized and existing order the taws of NeSrataka
<br />party of the second Pert, hereirafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgage, ,for and inconsideration of the sum of Ninety thousand nine hundred
<br />fift -and No 100 Dollars t3 90,950.00 ).paidbythcMort-
<br />gagec tare receipt of wfiich is hereby acktwwledged, has Grented and Sold and by those presents does Grant, @w-
<br />gain, Se(1, Convey artd Confirm unto the Mortgagee, its successors and assigns, forever, the following-dtscribed
<br />real estates situated in the County of Hell ,and State
<br />of Nebraska, to w it:
<br />Lot Trot (10) in Block Twenty NLne (29) in Packer and Barr's Second Addition
<br />to the City of Grand Island, Ifa11 County, Nebraska
<br />of the Sixth Principal Meridian, conwining in all acres according to Govcrn-
<br />mentsurvey:
<br />TO HAVE AND TO HOLD the premises above described, with a0 the appurtenances thereunto belonging and including
<br />sit lceating. Plumbing and fighting fixtures artd equipment now or hereatier attached to or aced in connection with said mat estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents ta, and covenants with, the Mortga-
<br />gee, that the Mortgagor tress goad right to sell and convoy said premises; that they are fret from ettcumtxatxe: and that the
<br />Mortgagor will warrant and defet~ the same against the lawful claims of ail persons whtmtsoevcr; atui ttte said Mort~gor here-
<br />6p raHtiquishes al) rights of homeasead, and all ntariial rights, eitfiEr in taw flr in equity, and all other contirtgtsnt intctcata of the
<br />Mortgagtu in aml to ilx abuv€-described prsmis~s, the intention being to convey hereby an absotuu titl4, in fee simple. inciud-
<br />ie~ at[ri~res of fiomes[ead, and ot:,er right3 and interests as aforesaid.
<br />PROVIDiU ALWAYS, and those presents are executed artd delivered upon the following cortd)tioas, to wit:
<br />__ - - -
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of t,>inety thousand nine hitrtdred
<br />fifty attd Noj1G0 DallarslS 40,950,00 1•
<br />with intercat Pram date at the rate of Fifteen and one-half Par ceatum ~ 15, 50 %) per annum on
<br />the unpaid tmlattce anti! paid. Tire said prnncipal and interest shall be payable at the ttfice of
<br />lsIIPIQiIEBI~DRT6iiGSr Il1C.
<br />en G t~,,a~ , tx al such outer place as the hddet of
<br />the note. mpy tiesilg~eatn tp~6Z~7ti'ditUfly ~~ of Otte thousand one httndre ~ ahtyans~x~azt~y of
<br />ASj10 _ _ 1 1g6.4fi ) c° sting
<br />Saatary , 19 82 , anJ on the first day of each month thereafter until the principal anti in-
<br />terest are fully paid, except that the final payment of principal and internal, if nest stwtter paid, shall be due and
<br />payable on tine first day of Det:etdser 2 011 ;all according W the terms of a certain promis-
<br />sory mote of even date herewith txecuted by the said Mortgagor.
<br />The Mortgagor in order morn, fatly to pebtect the security d this Mortgage, agrees:
<br />l • That he wilt pay the indeWedrress. as bueiabefare provided. Privilege is rcservcd to pay the debt in whole, or in an
<br />amnuntei~iuti to ooe ar inure monthly payenenls an the principal that arc text due an the twit, on the firs! day of any month
<br />prior to matarir;: Provitt¢d, httwevcr, Ttws written tatiice of an intention to exucise suctr privile~ is given at least thirty l101
<br />days prtar tP prcpaymant.
<br />?. That, together weth, artd in addifiwr to, the mtttethly payments of principal and interest payable under the terms of the
<br />nuts aecrued`hereby, the Mtxttayor w1N pay to the Mortgagee, an the Brat day ~t each month until the saitl emote is fuAy paid, the
<br />fatktwtag sums:
<br />(a) Amount aufhsient to provide flues haltkr hereof with funds to pay the next mortgage Inwtance premium if thin
<br />instsuntent and tht notes secured hereby are itrwred, or a rntutthly cFtargr /i+r lice oja errorrasge irts+rmece pm
<br />nttumJ if they are held by the Sttrctary of Htwsing and Urban Development, as fdlowa:
<br />(t) if cad str !ate w said emote of even date and this instrument amsnaured ur arc mittsured outer the pro-
<br />- v#-d:,as flr tl~ I :tional Wit; wr :ntrwtst sD:fftcrnt to acste ut the hat>!ls of the hdder exte
<br />?-__ r t~ A~3t~bt was, •.,av t.e wee ~,.sa .~wv ~ e^tr.~.ttan i3'rATF QF ~iF,BitAB(f,A
<br />ettttT~3tA~! t~79t
<br />
|