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MORTGAGE Th'` is u ns
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<br />THtS MORTGAGE, made and executed this 24th day of June ,A
<br />19 x866 iby and between Chris J. Lengfe ]der and Cheryl A. Lengfelder, each in his and he
<br />of the ( oun y t of eat:li otl>fer,tdad State of Nebraska, party of the first pan, hereinafter cal
<br />the Mortgagor.and The'Dquitabie Building and Loan Association, 113 -115 North Locust''8
<br />Grand Inland, 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 />D.
<br />r
<br />led
<br />t.,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Forty Two Thousand Five
<br />Hundred and no /100 Dollars (S?�,500.00 ),paid by the Mort-
<br />gages, the receipt of which is hereby acknowledged. has Granted and Sold and y these presents does Grant. Bar-
<br />gain, Sell. Convey and Confirm unto the Mortgagee, its successors and assigns. forever. the following- described
<br />real estate. situated in the County of Hall and State
<br />of Nebraska, to wit:
<br />Lot Twenty Two (22), Western Heights Third
<br />Subdivision, Hall County, Nebraska.
<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 couaey 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 com ey 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 pa, to the Mortgagee, or order, the principal sum of Fort, TW Thousand Five Hunzired
<br />and no/100-- ---- -- _ Dollars (S 42 500.00 I
<br />with interest from date at the rate of Nine and One Half per centum ( A ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of The Equitable Building
<br />and loan ASSCcCCI ,'U or at such other lace as the holder of
<br />to Grarri �s often, Nebraska place "'
<br />the note may designate in writing, in monthly installments of Three Hundred Fifty Seven and 37/10-__
<br />w
<br />-- Dollars (S 357.37 ), commencing on t e first day of
<br />July , 1986 . 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 be due and
<br />payable on the first day of June, 2016 all according to the terms of a certain promis-
<br />sory note of even dattv herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage. agrees:
<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 130)
<br />day, prior to prepayment.
<br />2. That, together with. and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />ot
<br />ne secured hereby, the Mortgagor will pay to the Mortgagee, on the first day of each month until the said note is fully paid, the
<br />following sums:
<br />(a) Amount sufficient to ,provide the holder hereof with funds to pay the next mortgage insurance preuuum it this
<br />instfunrent and the note secured hetehy are insured• or a nionthiy charge fin Iron ut -a n,,riggec i,rsarance pr,-
<br />inh n) if they are held by the Secretary of Housing and t.lrhan lkrelopmeus. as f.ilows
<br />(1) If and so long as said nine of even dale and this rnstuuntem a,c nrsured „r air rentsl'wd under the plo
<br />t emoiK of the National Housing oat. an amount sollioent ;ire hjrt1k ,,: +hc holder ,
<br />ssarf, O3 NrnRASKA
<br />Fei.taeQ9 ffl n- At 43 M. Nto v�h Me; tae I„?sed Ufrt,t SuvtNS
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