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1 MORTGAGE oneti monk; :pr u�r one- to ngoges four-ferndy arts ed u- was of the National Housing ;.ct. � 101583 THIS MORTGAGE. made and executed this 31st day of March A -D. 19 86 ,by and between Cecil B. Birchard and Joyce L. Birchard, Husband and Wife of the County of Hall , and State of Nebraska, party of the first part, hereinafter called theMortgagor,and FirsTier Mortgage Co. a corporation organized and existing under the laws of Nebraska party of the second part, hereinafter called the Mortgagee. WfTNESSETH: That the said Mortgagor. for and in consideration of the sum of Thirty Five Thousand Nine Hundred Fifty and no/ 100--------------------- - - - - -- Dollars (S 35,950.00 i, paid by the Mon - gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant. Bar- gain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following- described real estate, situated in the County of Hall and State of Nebraska, to wit: Lot Ten (10), Block Seventy —One (71), Wheeler and Bennett's Second Addition to the City of Grand island, Hall County, Nebraska. The Rider to the Mortgage attached hereto and executed of even date herewith is incorporated herein and the covenants and agreements of this rider shall amend and supplement the covenants and agreements of this mortgage. of the Sixth Principal Meridian. containing in all mentsurvey: acres according to Govern- TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including all beating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to. and covenants with, the Mortga- gee, that the Mortgagor has good right to sell and convey said premises: that they are free from encumbrance: and that the Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever: and the said Mortgagor here- by relinquishes all rights of homestead, and all martial rights. either in law or in equity, and all other contingent interests of the Mortgagor in and to the above - described premises, the intention being to convey hereby an absolute title, in fee simple, includ- ing all rights of homestead, and other rights and interests as aforesaid. PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit: The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Thirty Five Thousand Five Hundred Fifty and no /100----------------- -Dollarsis 35,950.00 1, with interest from date at the rate o1 Ten per centutn ( 10 ) per annum on the unpaid balance until paid. The said principal and interest shall he payable at the office of FirsTier Mortgage Co. in 8712 W. Dodge Road, Omaha, NE 68114-3494 or at such other place as the holder of the note may designate in writing, in monthly installments of T� ee Hundred Fifteen and 497100 ---------- IN)Ilars (s 315.4 ), commencing on the first day of May . 19 86 , and on the first day of each month thereafter until the principal and in- terest are fully paid, except that the final payment of principal and st, if not sooner paid, shall be due and payable on the first day of April AMC all according to the terms of a certain promis- sory note of even date herewith executed by the said Mortgagor. The Mortgagor in order more fully to protect the security of this Mortgage, agrees: I. That he will pay the indebtedness, as hereinbeforc p rovided, 16 xARiB�fitt XllbtoP01X 2. That, together with, and in addition to. the monthly payments of principal and interest payable under the terms of the note secured hereby, the Mortgagor will pay to the Mortgagee, on the first day of each month until the sail? note is fully paid, the following sums: (a) Amount sufficieni to provide the holder hereof witli titnds to pav the next mortgage insurance premluin if tills Instrument and the note secured hereby are insured. of a monthly charge lin lieu uj a nrrrrrgage insuraricc pre - ntturn) it they are heid by the Secretary of Housing and Urhar, 1>evelopmew. as follows. i11 If end so lung as said note of even date and this uistnrmeni are insured nt are reinsurcd ,:nde, ,he pro visions of the National housing .Act, an amount stif ficunt to accumulate m lire hams; u1 the lit,lder :r,c STATE Or NEBRASKA �'iPta: M 9.1517 H,n,ley'.ret*tA 1t A: ?40 ^tlnry stay 4kn• lisarl Ur�2,+ Butz{ +v „ F rt t_wuaU'.1 ., t �,. . ,,r.