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<br />DOT`Y 02 26 39868 r This farm is used in connec•
<br />[ion with rnortgagea insured
<br />~,~~~"~~ "~l' under the one- Wfour-family
<br />grovisiona of the National
<br />Housing Act.
<br />~1-- ui~6037
<br />T1HiS MORTGAGE, made and executed this 7th day of December ,A.D.
<br />1981 , by and between Jtutior gay Doty an3 Lois A. Doty, husband ?^9 wife
<br />afthe County of Hall ,and State of Nebraska, party of trre first part, hereinafter called
<br />th_r Mortgagor, and The gichard Gill Company .
<br />a corporation organized and existing tn,Jer the laws of the United States of America
<br />party of the second part, hereinafter called the Mortgagee,
<br />WiTNESSETH: That the said Mortgagor, far and inconsideration of the sum of Thirty Two Thousand
<br />Fifty and tl0/100ths------------------------+~Ilars ($ 3y 050.00 ). Paid by the Mort-
<br />gagee, [he receept of which is hereby acknowledged, has Granted and Sold and bf these presents does Grant; Bar-
<br />gain, Sett, Convey 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,ta wit:
<br />Lot Eleven (11), in Hlack Six (6), in Koehler Place, an
<br />Addition to the City of Grand island, Hall County, Nebraska.
<br />ALSO KNOWN AS:
<br />315 S. Vine
<br />Grand Island, NE 68801
<br />of the Sixth Rincipal Meridian, containing in all city property
<br />ment survey:
<br />acres according to Govern-
<br />TO HAV E AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and eyuipment new or hereafter attached hr or used in connection with said real estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants with, rite Mtxtga-
<br />gee, that the Mortgagor has giwd right to sell and convey said premises; that they are free from encumbrance; att$ that the
<br />Mortgagor will warrnnl amt defend the same against the lawful claims of all parsons whomsoever: attd the aid Mcsrtgaaorttere-
<br />by relinyuishcs all rights of hantestend. and all martin) rights, rather in law or in equity, and all other crintmgent ~restrr of the
<br />!Aortgagor in oral irr th€ at~vs-d€srYi~d premiss-s, thr intention being to convey hnreL+y an t:+-aline title, in f~ , ~:ssd-
<br />ing atl rights yf homestead, and other rights and interests as aforesaid.
<br />pROI'1DbD A}.:bVAYS, aad these presents are executer# grid delivered open the{ottawitpg€ottditioss, t~ ~t°
<br />The Mortgagor agrees to pay to the Mortgagee, ur order, the principal sum of Thirty Tao Tlsouu=and
<br />Fifty and 00/100tha------------------- tkrllars IS 32, 050.00
<br />with interest from date at the rate o1` fifteen and one half per centum ( 15.50 S{,) pee annum on
<br />the unpaid balance until paid. The said principal attd interest shall tie payable at the office of Th9 Riehaa"d Gf 11 Cowpony
<br />m $an- ~tr-tpnio or at such other place as the holder of
<br />the note may designate m wnUng, m monthly installments of Four Hundred Eighteen and 25/100ths-------
<br />----------»--..-,----_--..Dollars ($ 418.25 ), commencing on the first day of
<br />Febr , 19 82 . and on the first day of each month thereafter until the principal and in-
<br />terest ace fully paid, except the final payment of principal and interest, if not sooner paid, shall tie due and
<br />payu!+!e on the first day of Jt~ntut~arzyy 20 2 ; all according to ehe terms of a certain pr~mis-
<br />sury [rate of even date herewith execdted by the said Mortgagor.
<br />'fho Mortgagor in order mare fully to protect the security of this Mortgage, agrees:
<br />I. "lltat he wilt pay Lire ittdebiedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount eyoal to one ar mare monthly paynents on the principal that are next due nn the tr,-zee, rut the First day oC any mantt:
<br />prior to mattuity: Provided, however, That written notice of an intention to exercise such privilege is given at least thirty (3U)
<br />days prior to prepayment,
<br />?. That, together with, artd in addition to, the monthly payments of principal and interest payable under the terms of the
<br />note xecwed hereby, the Mortgagor wiH pay to the Mortgagee, on the first day of each moot![ until rim saifl note is fully paid, the
<br />following sums:
<br />(a) Amount sufficient to provide ebe holder hereof" with funds to pay the next mortgage insurance: premium if'this
<br />instrument and the Hato secured hereby are insured, or a monthly charge lin lieu oj'a niurtgrWe insurwrce pre-
<br />rgftrnt) if they are held by the Secretxry of Housing and Urban [kvelopnant, as fullaws:
<br />f l) Ff and so I<utg as said nrue of even date and this itistrunietrt are snsured ur are reinsured wuier the pnr-
<br />vlsiorts of t#tr Naris+na! tiausittg Act. an atttcrunt sufli+:ient to accumulate in the hands of the herder uttc
<br />iieprecns FNA~3fa~:5ri wn;ca mar be used unt~r w7WY ~e e>fr+austal :i~'ATEt)F N7F$tt~`a'tiA
<br />FiiJ~ir.3rd tS^73S
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