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MORTGAGE This room is used r curtder the
<br />with mortgages insured under the
<br />one- to four - family provisions of
<br />_ �] the National Housing Act.
<br />86-- 101556-
<br />1 THIS MORTGAGE, made and executed this 27th day of March A.D.
<br />1
<br />1986 by and between Gary M. Boring and Kathleen M. Boring, Husband and Wife
<br />pf the County of Hall , and State of Nebraska, party of the first part, hereinafter called
<br />the Mortpmgor. and FirsTier Mortgage Co.
<br />a corporation organized and existing under the laws of Nebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />WiTNESSETH: That the said Mortgagor, for and inconsideration of the sum of Forty Thousand Two Hundred
<br />and no /100----------- - ----- ------ -- ------ Dollars ($ 40,200.00 ). paid by the Mort -
<br />VVe• the receipt of which is hereby acknowledged. has Granted and Sold and by these presents does Grant, Bar-
<br />gain, Sefl, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following -described
<br />teal estate, situated in the County of Hall and State
<br />of Nebraska, to wit:
<br />Lot Thirty —eight (38), in Island Acres No. 7, a Subdivision of part of Fractional
<br />Section Seven (7); Part of the West Half of the West Half (W) of Section Eight
<br />(8); and part of Lot Twenty —four (24) Island Acres, all in Township Eleven (11) North,
<br />Range Nine (9) West o f the 6th P.M., in the City of Grand Island, Hall County, Nebraska.
<br />The Rider of the Mortgage attached hereto and executed of even date herewith is
<br />incorporated herein and the covenants and agreements of this rider shall amend
<br />and supplement the covenants and agreements of this mortgage.
<br />of the Sixth Principal Meridian, containing in all
<br />ment survey:
<br />acres according to Govern-
<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 taw 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 simple, 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 wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Forty Thousand. Two Hundred and
<br />no/ 100---------- ----------------------- --- --- Dollars l5 40,200.00 1.
<br />with interest from date at the rate of Ten and One —Half per cenruln ( 10 1/2 %t ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of FirsTier Mortgage Co.
<br />in 8712 W. Dodge Road, Omaha, NE 68114 -3494 or at such other place as the holder of
<br />the tote may designate in writing, in monthly installments of Three Hundred Sixty Seven and 73/100 -------
<br />Dollars ($ 367.73 ), commencing on the first day of
<br />May ' 19 S6 , and on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except that the final payment of principal and interest, if not sooner paid, shall he due and
<br />payable on the first day of April 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 Morig: g,tees: '
<br />1. That he will pay the indebtedness. as hereinbefore prop ided. 0z it tlF a ib dttlWGXI> iAK
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<br />2. That, together with, and in addition tn, lire monthly payments of principal and interest payable under the terms of the
<br />note secured hereby. the Mortgagor will pay to the Mortgagee, on the first day of each month until the said note is ful)v paid, the
<br />following cum %:
<br />(a) Amount sufficient to provide the holder hereof with tends to pay the next nwrigage insurance piemwrti it this
<br />tttstiument and the note secured Ilerel »' are insured, of i molilhly charge lin lira ('Ja nwrrgUdc ururranct, ore -
<br />eniurn) d they are field by the Secretary :A Housing and I1rhan lhvelopment, is follows.
<br />(1) It and su long is said note of even date and tlna instrument arc insured or :tic reursured umle; the pi--
<br />visions H the National Housing Act, an elnount sufficntnt io accunudate m the hinds O th, l..ddel ,Iw
<br />STAT -t. M NC HRASKA
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