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l-- 102519
<br />1 SHIN Of Nebnake Mortgage
<br />321 - 1178765 -748
<br />This inade and execute[ this 1 st day of may
<br />19 87 and between IA{RRELL L. PENAS and PAMELA L. PENAS,
<br />WIFE
<br />of the County of HALL and State of Nebraska, patty of the first part, hereinafter called
<br />the Mortgagor, and SUPfRIOR �,IGE, INC. P.O. BOX "S"
<br />GRAND LA
<br />a Corporation organized and existing under the laws of THE STATE OF NEBRASKA
<br />Party of the second part, hereinafter called the Mortgagee,
<br />*16W OOl- Thin the wid Mortgagor, for and in consideration of the sum of Thirty Eight Thousand, Nine
<br />Hundred Fifty and No1100tha----------------------- -- ---- ----- -- - - -- Dollars (S 38,950.00 ), paid by the Mort-
<br />gape, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bargain, Sell, Convey
<br />and Confirm unto the Mortgagee, its successors and assigns, forever, the following -described real estate, situated in the County of
<br />HALL , and State of Nebraska, to wit:
<br />LOT NINE (9), IN BLOCK TEN (10), IN ROLLINS ADDITION TO THE CITY OF GRAND ISLAND, HALL COtNITY, NERBASKA.
<br />of the Stith Prindllai Meridian. containing in all
<br />acres according to Government survey:
<br />TO Um and To NOW the P vmisea above described, with all the appurtenances thereunto belonging and including all heating,
<br />Plumbing and lighting futures and equipment now or hereafter attached to or used in connection with said real estate unto the Mort-
<br />pgate, sad to its suootssors and assigns, forever. Tie Mortgagor represents to. and covenants with, the Mortgagee, that the Mort-
<br />gagor hall good right to un and convey said premises; that they are free from encumbrance; and that the Mortgagor will warrant and
<br />defend the some against the lawful calms of all persons whomsoever; and the said Mortgagor hereby relinquishes all rights of
<br />homed, and all marital rights, either in law or in equity, NO all other contingent interests Of the Mortgagor in and to the above -
<br />dsswibed Praoaw, the intention being to convey hereby an absolute title, in fee simple, including all rights of homestead, and other
<br />rights and interests as aforesaid.
<br />!nulled Always, and these presents are executed and delivered upon the following conditions, to wit:
<br />The MOrtpgor agrees to pay the Mortgagee, or order, the principal sum of Thirty Eight Thousand, Mina Hundred Fifty
<br />and tat/ 100ths------------------------------------------------------- Dollars (S 38,950.00 ),
<br />with interest from due at the rate of Eight and one half per centum ( 8.500 9e) per annum on the
<br />unpaid balance until pail. The said principal and interest shall be payable at the office of SUPFR I OR MORTGAGE, INC.
<br />P.O. BOX "S"
<br />in GRAND ISLAND, HE 68802 or at such other place as the holder of the note
<br />may designate in writing, in monthly installments of Two Hundred Ninety -Nine and 49/100ths--------------
<br />------------------ 299.49 '-----------
<br />Dollars (S ). commencing on the first day of June
<br />19 87 , and on the fuss day of each month thereafter until the principal and interest are fully paid, except that the final payment of
<br />principal and interest. if not sooner paid, shall be due and payable on the first day of May
<br />2017 ; di y
<br />alOpD('ding to the terms of a certain promissory note of even date herewith aerated by the said Mortgagor.
<br />This toe" is uud In Connlon with mortgages Insured under the ones- to four -family programs of the National Housing Act which pro -
<br />vMe for Wkidic sAOet sot
<br />gsge insurance Premium payene to
<br />Previous Editions Aare Obsolete ^- -' "UD- 921431A (346 Edition)
<br />IA rco qn, .1.a.1
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