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86-- 100658
<br />This form is used in connection
<br />MORTGAGE with mortgages insured uss the
<br />one. to four- family Twovision, of
<br />the National Housing Act.
<br />THIS MORTGAGE, made and executed this 7th day of February A.D.
<br />19 86 .byandbetween George J. Hassel and Waunetta L. Hassel, husband and wife,
<br />of the County of Hall and State of Nebraska. party of the first part, hereinafter called
<br />the Mortgagor, and
<br />Norwest Bank Nebraska, National Association,
<br />a corporation organized and existing under the laws of United States of America
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said ;Mortgagor, for and in consideratica of the sum of Fifty Thousand Eight Hundred
<br />1• by the
<br />Fifty & no /100 - - - - - - - - - - - Dollars (5 50 850.00 paid
<br />Bar-
<br />hereby has Granted and Sold an y these presents does Grant. Bar-
<br />gagee, the receipt of which is acknowledged.
<br />Sell, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following - described
<br />gain,
<br />real estate, situated in the County of Hall and State
<br />of Nebraska. to wit:
<br />Lot One (1) of Scheel's Subdivision, being a part of the Southeast Quarter of the
<br />Southwest Quarter (SEti SWI4) of Section Thirty Two (32), Township Eleven (11) North,
<br />Range Nine (9), West of the 6th F. M., Hall County, Nebraska.
<br />The Riders to the Mortgage attached hereto and executed of even date herewith are
<br />incorporated herein and the covenants and agreements of the rider shall amend and
<br />supplement the covenants and agreements to this mortgage.
<br />THIS IS A PURCHASE MONEY MORTGAGE.
<br />of the Sixth Principal Meridian, containing in all City Lot acres according to Govern-
<br />ment survey:
<br />TO HAVE AND TO HOLD the premises above described. with all the appurtenances 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 assigns. forever. The Mortgagor represents to. and covenants with, the Mortga-
<br />gee, that the Mortgagor has good right to sell and convey said premises: that they are free from encumbrance: and that the
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever. and the said Mortgagor here-
<br />by relinquishes all rights of homestead, and all martial rights, either in law or in equity, and all other contingent interests of the
<br />Mortgagor in and to the above- described premises, the intention being to convey hereby an absolute title, in fee ample. includ-
<br />ing all rights of homestead. and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions. to wil!
<br />The Mortgagor agrees to pay to the Mortgagee. or order. the principal suns of Fifty Thousand Eight Hundred
<br />Fifty &no /100 - - - - - - - - - - - - - - - Dollarsis 50,850.00 i.
<br />with interest from date at the rate of Ten & one -half per centunl ( 10.5 ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall he payable at the office of Norwest Bank Nebraska,
<br />National Association or at such other place as the holder of
<br />m jrp
<br />the note may designate in writing. i Wmy t�1I�a�1A toff of Four Hundred Sixty Five & 14/100 - - - -
<br />Dollars l5 465.14 ), commencing on the first day of
<br />- - - - - _ _ _
<br />- 19 86, and on the first day of each month thereafter until the principal and in-
<br />1-
<br />terest are fulfyppa tT except that the final payment of principal and interest. if not sooner paid. shall be due and
<br />payable on the first day of March, 2016 all according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said !Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this :Mortgage, agree.:
<br />1. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to one or more monthly payments on the principal that are next due on the note. on the first day of any month
<br />prior to maturity: Provided. however, That written notice of an intention to exercise such privilege is given at least thirty 00)
<br />days prior to prepayment.
<br />Pff
<br />2. That, together with, and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />Mortgagee, the first day of each month until the said note is fully paid. the
<br />note secured hereby, the Mortgagor will pay to the on
<br />L
<br />following sums:
<br />n
<br />(a) Amount sufficient to provide the holder hereof with funds to pay the next mortgage iusar;ulce plentimrl if fills
<br />instrument and file nine secured hereby are insured. of a IllUnthiv chalge (in hilt Ill a nwrri(q a inuirantx'tiro'-
<br />ntiunt) if they are field by the Secretary of Housing and Urban Developnlenf. d, follows,
<br />Ili It and so lone as s;ud note of even date and fill, uul:urlrn! 1C Ih UIQd of .nr .rin,mcd ufl,iel file In-
<br />VIA011, t,i the Naiwital Housing Act, an .1111111alf III !ht. Il:o1.1 <.'! !Its_ 11•tfdil :'.I1:
<br />STATE OF Nf BRASKA
<br />iirr +..x_.•s G 1 Alt C3M. W..•. _•., MAt fi.- iese�l L'nt -I Sr.t4lttly F ...,.. , - ...
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