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MORTGAGE %*th room " U,d ;r, eoniW the
<br />wtte+ ,nonpap.s mwraC una.r iM
<br />ono• to low-larnity orovisions of
<br />tna Na6onat Housing Act.
<br />86-100714
<br />THIS MORTGAGE, made and executed this 10th day of February A.D-
<br />19 86 . by and between Theodore C. MolCZyk and Jean Ann Molczyk, Husband and wife
<br />of the County of Hall , and State of Nebraska, party of the first put, hereinafter called
<br />the Mortgagor, and Superior Mortgage, Inc.
<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 />WiTNFSSETH: That the said Mortgagor. for and in consideration of the sum of Forty Two Thousand
<br />Five ggundred a d N� %JO�th�s Dollars IS 42,5p0,00 1. paid by the Mort-
<br />gagee, Inc receipt o whic is here y acknowledged, has Granted and Sold and by 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 />The East Fifty Five Feet (551) of Lot Two (2), in Husman's Subdivision , an
<br />Addition to the City of Grand Island, Hall County, Nebraska.
<br />of the Sixth Principal Meridian• containing in all
<br />meet survey:
<br />acres according to Govern-
<br />TO HAVE AND TO HOLD the premises abC:c 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 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 to 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 then presents are executed and delivered upon the following conditions. to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Forty Two Thousand Five
<br />Hundred and No /l00ths - - -- - - -- Dollar,( 5 42, 500.00 1.
<br />with interest tram date at the rate of Eight and one —half pet centum ( 8,5 7t ) per annum
<br />See Adjustable Rate Rider. on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of Superior mortgage, Inc.
<br />in Grand Island, NE 68802 , or at such other place as the holder of
<br />the note may designate to writing, in mon!hly installments of Three Hundred Twenty Six and 79 /100ths ----
<br />Dollars(S 326.79) See Adjustable Rate Rider. ,commencurtgon the first day of
<br />1 19 86, and on the first day of each month thereafter until the principal and in-
<br />terest are`Py 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 March 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 order more fully to protect the security of this Mortgage, agrees: —
<br />1. That he will pay the indebtedness• as hereinbefore provided.7$rliodKpx ilrR1 M&*XkKAIbUlENkMCK,'OCiMM
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<br />any:insrallment d e date." ���
<br />lnal, tcgetMr wnii, an0 m addmen to the +no entrot principal and interest payable under the terms of the
<br />note secured hereby. the Mortgagor w ,II pay to the Mortgagee, on the first day of each month until the said note is fully paid. the
<br />following sums'
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<br />STATE OF NEBRASKA
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