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<br />52563-1-20
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<br />MORTGAGE
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<br />This form is used in connec-
<br />tion with mortgages insured
<br />under the one- to four-family
<br />provisions of the National
<br />Housing Act.
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<br />83-002658
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<br />THIS MORTGAGE, made and executed this 27th day of May ,A.D,
<br />19 83 ,by and between Cecil L. Rawlings and ;Pajllela T. Rawliny;, husJ>and am. wife,
<br />J01ntly andeacb 1n tbe1r own r1ght,
<br />of the County of HalSlT ERAL SAVINGS AND LO.and S.tffJ:8l:t>lihraf{a'8artl o~5f~tpart, hereinafter called
<br />the Morlgagor. and FIR FED AN :; I TI ~ l' ! ,
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<br />a corporation organized and existing under the laws of The United States of America
<br />party oflhe second part. hereinafler called Ihe Mortgagee,
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<br />. WITNESSETH,/'rTlllltthe said Mortgagor, for and in consideration of the sum of FZKf5'o EJ~ht Thousand One Hundred
<br />F1 fty and 00, Ou Dollars ($ . ), 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 />gain, Sell. Convey and Confirm unto the Mortgagee, ils successors and assigns, forever. the following-descrihed
<br />real estale, situated in the County of Ha 11 . and State
<br />of Nebra~ka. to WIt:
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<br />lot Ten (10), Island Acres Nuntler Six (6), a replat of
<br />lots Nineteen (19) and 'l'rJenty (20) Island Acres, City
<br />of Grand Island, Hall COlmty, Nebraska.
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<br />uf the Sixth Principal Meru.llan. \""\mtaining in nIl
<br />me.nl ~Uf\-~ey:
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<br />ci ty property
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<br />acres according to Govern-
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<br />TO HA VE AND TO HOLD the prell"'.' .,bme de,"II",J. ",ith alllhe appurtenance, thereunto belonging and induding
<br />aH heating., plumhing nnu fighting ti'tllr-r:~ J:nJ {~qlllpfllcnt no\\ ill hereafter attu'l.'hed tn or U\cJ in ~onncction ,-,,'ith-sait.l real estate
<br />unto the MOflg..lgee, and 10 ih "U(~~:'l-~or~ ~lnd a~signs, (\)fC\r-Cf The MOrlgagtJf represents to, and cov~nants with, the Mortga~
<br />gee_, that the Mortgagor hu, g\x)d fight hJ "dl and Cl\tlVt'Y "'-:tl"i prcfnj-st':~; that they arc free from encumbrance; and that the
<br />Mortgagor wilt warrant and defenti the ,.Hne ..lg~ima the lawful i.'iait'l1~ t~f all person~ WholllsH-:ver; and the said Mortgagor here.
<br />by rdinquishc\ all ris-fib l)i homestead. .1nd all martial nghl~. either in la\\ or in ('t.fUilY, and all other (:'vntingcO( interests of the
<br />Mortgagor in .:u14 to th-: ubove-dcsl.:ribtJ. pf.t.'miscs, the IUt~ntion being to ..:oo\'e)' hereby an absolute litle. in fee simple. includ~
<br />ingaH ri:ghh of hom~ste,*-hj, anJ other right... .UlU inll':lc~t, d'S afoft'::-'<.1iJ:.
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<br />PROVIDED :\L\\1A YS, and thest:" pn"~l'nt\ iH(' ~\t\,;ut~d {IIH.! delivercd upon (he followinj#: ~onditiolls. to wit
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<br />. The Mortlla!lll{'IIP"~' Ie> pay 10 the Mortgagee. 01 (lfJer. Ihe principal sum of Forty Eight Thousand One Hundred
<br />F1fty anC I1U/1UU (lolla" is 48150.00 t.
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<br />with illterest from Jale al Ihe rate 01 Twelve P'" centum ( 12.000 %) I1"r annqm on
<br />the unpaid balance ulllil p;,id, The saidprinc,pal and inlerest shllU be payable at the office of First Federal Sav1ngs
<br />and Loan Association of Lincoln
<br />in Lincoln. Nebraska ,or at such other place 'ts the holder of
<br />the n,lle nmy ,l<signate in wriling., in monthly in,laUmenb "f Four Hundred Ninety Five and 46/100
<br />DoUa" 1$ 4 9 5.46 ). c'omlllcncing on the filSt day of
<br />Ju 1y . 19 83. and on the tiTSt day of each monlh Ihereafler until the principal and in,
<br />terest are fully paid. except Ihat the final paYQleDt of principal and inlerest. if nol sooner paid. shall he Jue ,md
<br />payable on!he finl day of June , ZUIJ ; aU according to the terms of a certilln promis,
<br />sor, note 01 esen date herewith executed by the said Mortgagor,
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<br />The M,'rtgagor in order more fully to prolect the security 01 Ihis Mortgage. agrees:
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<br />L 'I/Ial he wiJl pay the inJe!:>tedne". as hereinbefore pro,.ided. PrisIlege is rescneJ 10 pay the Jebt m whole, or ill an
<br />amounloqlu.lll\one or more monthly payment, on the principilllhat are neXI due on the nole, on the first day of any month
<br />prior lomalurlty; Pnwjded, however. Thai wrillen wtlee of an intention to esercise such privilege" given allea,t thirty (JOt
<br />day's prior io prePaymenl,
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<br />2, That, t<lgether with, andin addition to. the m(.nthly payments of principal and interesl payable under the terms of Ihe
<br />n,1tt securtd he'r"by.the Mortgagor will pay 10 tbe Mortgagee, on lhe.lirst day of each nlt'nth untillhe saillMle h fully paid, the
<br />Mk,willlil S\lms: '
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<br />(a) Am(,"nt sumeie<<t to plvvide Ihe holder heleof with lunds to P'Y the ncxt mortgage Insurance premIUm If thIS
<br />insHu.tnenl 'and the- m_)t.~ <re-cured hereby are in-SUfCd~ Of a monthly charg-e {in lit~U 0/ (J. mortgage in.suranct' Ph."
<br />n;ium/iftlley arc !wId by the Sene!ar}' '.>1' llo\1~ing and Urban Dcvd"I"'I<'lll, as [,.Uow>:
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<br />0) If and !o- long ~!) SilJd Ji(tt~ uf -e-Vt'"O date and this mMrurtlCut :-ne- lnSUfi,."~J l!l are r-emsu-ft.'t! Undi.'f the pIU
<br />vl!jon~_ of thiJ! National J-(-tJusiug- Act. an amot1ot ~-ufncknt to 3l.:(tHlHda-te in the hdIH.h. of th(; nvhJer \:qH.>
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<br />J.~olI\t!ld" PW.A,}143M l;!'Ith~ft l1'l8V ~ uMd umt! $utlPty i1l ~iI{h.Rf$r..rl
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<br />sT,\n;Of Nt:llRASKA
<br />"tJO.9<143M !ll19!
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