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<br />This f� is used in connection
<br />with nos insured under the
<br />86 1J7�7 MORTGAGE oe to four -13m noisions
<br />of
<br />the Rider to the mortgage attached hereto and executed of even
<br />the National Hmsing• Act
<br />. 1
<br />m herewith is incorporated 3-tcerein and the covenants and agreements
<br />the Rider shall attend am supplanlent the covenants and agreements of this .Mortgage."
<br />THiS AtORTCl,4Gl=. made and evectuzd this i2tt1
<br />day of February .A.l).
<br />1986 byandhOixecrt Michael C. Gardner and Sandra A. Gardner, each in his and her awn
<br />r���� and as spot use of each other, and State (if Nebraska. party of the first part,' hereinafter called
<br />M tTAt County of Hall
<br />the Mortgagor. and The Equitable Building and Loan Association, 113 -115 North Ltt>st St. ;
<br />Grand Island, Nebraska
<br />a corporation organized and existing under the laws of State of Nebraska
<br />party of the second part, hereinafter called the Mortgagee.
<br />WITNESSETH: That the +aid Mortgagor. for and in considerati.,u of the sum of F�rty E' ht ThD paid by t e , ort-
<br />Hundrea and no /100---'— f)ollald a d by thesO�
<br />ttaeee. the receipt of which is hereby acknowledged. has Granted and Sold and by these presents does Grant, Bar-
<br />gain, Sell, Convey and Confirm unit) the Mortgagee. its successors and assigns, forever. the following drt3 to e
<br />real estate, situated in the County of Hall
<br />of Nebraska, to wit:
<br />Lot One (1) in Western Heights Second Subdivision, located
<br />in the Northeast Quarter of the Southwest Quarter (NE�SWU of Sect' -or.
<br />Eleven (11), Township Eleven (11) North, Range n
<br />of the 6th P.M., Hall County, Nebraska.
<br />of the Sixth Principal Meridian. coniainme in ill acre accordm_eto Govern- t
<br />pa. .
<br />mem survey.
<br />TO HAVE AND TO HOLD the pretnt s +bovc de rihed. with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment not) 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 \lortga-
<br />gee, that the A gee. and has good right to seh and convey said premises: that then are free from encumbrance: and that the y;
<br />Mortgagor will warrant and defend the same against the lax fill claims of all persons whomsoever. and the said Mortgagor here-
<br />by relinquishes all rights of homestead. and all martial rights. either in lax or in equip . and all other a ntingent interests of the
<br />'.Mortgagor in and to the above- descrihed premises. the intention tieing to con,ec hereh. an absolute title. in fee simple. includ-
<br />ing all rights of homestead. and other rights and interests as aforesaid. ,
<br />PROVIDED ALWAYS. and these presents are eccuted and delivered upon the fofioeving conditions. to u it:
<br />The Mortgagor agrees to pas to the Mortgagee. o- order. the principal sine of Forty Eight Thousand
<br />Ttlree Hundred and no /100 — _- - °1)`•II.,r• 1` 481,300.00
<br />with interest from date at the rate ol Ten and One —Half pei cenlurn ( JCI� ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall he pay able at the office of The Equitable Building
<br />and Loan Association , or at such other place as the holder of
<br />in Grand_ Island, Nebraska
<br />the note may designate in writing, in monthly installments of Four Hundred Forty One and 82 /100
<br />-- Dollars i5 441.82 1, commencutg on the first day of
<br />1986 19 86 and on the first da! of each month thereafter until the principal and in-
<br />terest are fully p-ao, e cc that the final payment of principal and interest. if not sooner paid. shall he due and
<br />s able on the first day of February •2016af according to the terms of a certain promis-
<br />e' a: "
<br />sory note of even date herewith executed hy, the said Mortgagor.
<br />The Alortgagor in order more full to protect the securit% of 1111, \mortgage. agrees.
<br />1. That he will pay the indehiedness. as heremhefore provided. Priiilege 1, reserved to pay the debt in whole, or in an
<br />amount equal! to one or more monthly payments on the principal that are nevi dui on the note. on the first day of any month
<br />prior le maturity: Pr w
<br />Provided. hoever. That written notice of an intention u, ciercisc such privilege is given at least thirty (3()
<br />days prior to prepayment.
<br />'_. That. together with, and in addition to, the niontrih p,,vment, of prm, :ip.ci and interest Pa%ahle under the terms of the
<br />mote secured herehv. the Mortgagor will pay io the \fort;taeee. „p the tir.+ Li:r, (if ea h month until the lain mile is full paid. the
<br />following sums:
<br />(a) .Amount sue €icieni to provide the V alder hrre ,r xiih !.ruo li.:: the ,., s� m.�-ry;�PC nsuraucc pi- rnuima i(tim
<br />m+truinem apd tiro mate ;e;,urcd trcrc t,•. an ms i,;ar, .. .. ;.,:•I. r -� 4 °u .. ,. >i ,•; -'acr rnn:ran<: urc-
<br />I�.,.,,; ,�.�:�U+•,...
<br />rniurn/ 11 the, are• held ^} th:' 1e, a ll,nnn
<br />+li f? and , i.rav m• s:ut :.r_ n ,. � . ,. .,
<br />,r rivu ,�f i�� tiatr,. r r •ins:,,,i,= y ._ ,_.
<br />...�: . , a a_ . ..1, r.. .
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