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L
<br />t�t�ioea'd�d 86- 103007 This form is used in connec-
<br />tion with mortgages insured
<br />86- •10345 MORTGAGE' under fix, one to four - family
<br />"The Rider to the Mtrtgage attached hereto and executed of even date provisions of the National
<br />her ewith is L-icorWrabed herein and the crntenants and agreements of Housing Act.
<br />the Rider shall apetd aid sttpplr„ tttentt the covenants and agreements of
<br />this Mortgage."
<br />THIS MORTGAGE. made and executed this 6th da of June A.D.
<br />is 86 , by and between John F. Bel l and Debra . Bel l
<br />of the County of Hall . and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor. and The Equitable Building and Loan Association, 113 -115 North Locust St.,
<br />Gram Island, Nebraska
<br />a corporation organized and existing under the laws of the State of Sebraska
<br />party of the second part, hereinafter called the Mortgagee -
<br />wITN ESSF;TH: That the said Mortgagor, for and inconsideration of the sung of Sixtyy Eight Thousand Seven
<br />Hundred and M/109— -- __��_�� ___ Dollars (S 68, 7D0.00 ), paid by the Mort-
<br />gagee. the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar -
<br />grin, Sell. Convey and ConfiTM 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 One (1), Block Four (4), Jenkinson's Subdivision, being a
<br />part of the South Half (S') of the East Half (E�) of the
<br />Southeast Quarter (SEA) of Section Two (2) , Township Eleven (11)
<br />North, Range Ten (10) west of the 6th P.M., Hall County,
<br />Nebraska, according to the recorded plat thereof
<br />of the Sixth Principal Meridian, containing in all --- - - ---- acres according to Govern-
<br />ment survey:
<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 />�x
<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 law 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 Stongagee. or order, the principal sum of Sixty Eight Thousand Seven
<br />Hundred and m /100------ _-- ° - - - -- --- Donars(S 68,700.00 1,
<br />with interest from date at the rate of Nine and One Half per centum ( 9� %) per annum on
<br />the unpaid balance until paid. The Naid principal and interest shall be payable at the office of The Equitable Building
<br />and Loan A- ssoco r 6aa�
<br />t slan3, Nebraska or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Five Htuxired Seventy Seven and 67/100- -
<br />---- --- -fk,llars (5 577.67 ), commencing on the first day of
<br />July i ) 86 , and on the first day (if 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 date herewith executed by the said Mortgagor.
<br />The Mortgagor in outer more fully to protect the security of this Mortgage, agrees:
<br />1. That he will pay the indebtedness, as herembefore 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, hoverer, That written notice of an intention to exercise such privilege is given at east thirty (30)
<br />days 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 />note secured hereby. the Mortgagor will pay to the Mortgagee. on the first day of each month until the saitl 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 premium ifthis
<br />instrument and the note secured hereby are insured, or a monthly charge (in lieu ofa mortgage insurance pre- tti
<br />nrnon) if they are held by the Secretary of dousing and urban Development, as follows: tip
<br />(1) It and so long as said note of even date and this rnstrumegr are insured or are reinsured under the pro-
<br />visions of the National Housing Act. an amount suf ticient to accumulate in the hands of the
<br />, holder done
<br />RY which mar he inu!eJ ,int�l su,.r•ly is exnausta(1 STATF UtX� I=.a�
<br />` iLl i / wr
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