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�{ �8T�4 -1,20 86— 102$53 This form is used in connee- tion with mortgages insured MORTGAGEunder the Date w four - family provisions of the National Housirgr Act. THIS MORTGAGE. made and executed this 16th day of May A.D. 14 86 ,by and between Randall J. Phipps and go�rnott�hyy gE�.� PehiQps, ht sb�and and yrife, of the County of Hall 'acid State of lYebraskdit5. party the firsts part, ihe�eht after called the Mortgagor, and FIRST FEDFRAL SAVINGS AND LOAN ASSOCIATION OF LINCOLN a corporation organized and existing under the laws of The United States of America party of the second part. hereinafter called the Mortgagee. WITNESSETH: That the said Mortgagor, for and inconsideration of the sum of Forty Five Thousand and no/100 Dollars IS 45000.00 ), paid by the Mort- gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar- pin, Sell. Convey and Confirm unto the Mortgagee. its successors and assigns, forever, the following4escribed real estaw situated in the County of Hall and State of Nebraska. to wit: Lot 10, West Heights Second Addition to Grand Island, Hall County, Nebraska. of the Sixth Principal Meridian. containing in all city property acres according to Govern- ment surycy TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including all heating. 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 ail 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 executcd and delivered upon the following conditions, to wit: The !Mortgagor agrees to pay to the Mortgagee, of order, the principal sum of Forty Five Thousand and no /100 Dollars tS 45000.00 1. with interest from date at the rate of Ten per centum ( 10.000 % ) per annum on the unpaid balance until paid. The said principal and interest shall he payable at the office of First Federal Savings and Loan Association of Lincoln to Lincoln, Nebraska or at such other place as the holder of the note may designate in writing, in monthly installments of v ur Hundred Thirty Four and. 70/100 Dollars 1[p 4111? / to 1. commencing on the first day of July 19 "band .m the first day of each month thereafter until the principal and in- terest are fully paid. cxccpt that the fine p + of principal and interest, if not sooner paid, shall be due and paynbk on the first day of June *� all according to the terms of a certain peomis- iorynote of even date herewith executed by the said Mortgagor. 'rhe Mortgagor in order more fully to protect the security of this Mortgage. agrees: F - Ristite-wiiFVortAe-iMebeedram. , n 40b-lit a! alererin-an anwwwbe�trai Maw -- *ot► t-due OteynMa-mthe- fincd*yef atrr+eeMh pr+or�r eFta,rintenhewieexere e-ii It fwd+tkgeiryeetr : t lent thirty Om ,Ma•pworte pillmi tt, Privilege is reserved to pay the debt, in whole or in part, on any installment due date. That, together wills. 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 Mortgagec. on the first day of each month until the said note is fully paid, the following sums tei__ III ic III suphemis ro•}xwdii -0w -terpay-dors ex mist tgugeinaeremecPiet nnrtFNnr _«ts+nwatsatssrti eteaesweiew /irtrN}awsaM irNuN#v w 4w o.- ---- wew�wlrIMwere � --- --- -- -- - --- -- - iF a sold eoreote+asrdeit 410 dthn srtaervrr+enrate -inso ed ttre.esesuredender 12 v r - - - - - - -- --- vsaterrree N 114.0 Aef- awtw+erewt- it I weal -W dter Winds wFNteheMrrInc n.....o gTATEOFNEBRASKA .nlo 02143M to. rill