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MORTGAGE 1t4 , # "W Undw on
<br />llt,ttt R70rtrgK ,Ae{rrad NIOer lrl!
<br />ORe- . fuzes Of
<br />the ftti0R1kw9W Act. .
<br />101
<br />THIS 3 MMAGE, made and executed teas 27th day of !parch A.D.
<br />d! 86 ,'prodbet ea Patrick 7.eo Fay and Deborah A. Pay, husband and !fife
<br />d the camty of Rail . and State of Nebraska, qty of the fir3t pm t, : wed
<br />*eMorfSw*ff'NidSUPer10C Nbrtgage, Inc.
<br />a cxtrporgu m organised and cxistarg underlie iaws of the State of Nebraska
<br />party of lire second part, hereinafter called the Mortgagee,
<br />WITNESS£TH: That the said Mortswor. for and inconsideration of the bum of Thirty—Eight Thousand
<br />Nine wed and Fifty and o//1j.00ths Doflus tS �3gg yr�� !, paid by the Mort -
<br />gatgee. de receipt of which k hereby acknowledged, has Granted and Sold anof v iMe p cents does Grant, Bar-
<br />gain, Self, Convey and Confirm onto the Mortgagee, its successors and assigns, forever, the fotlawuw- described
<br />real estate, situated in the County of gall and Stye
<br />of Nebraska, to wit:
<br />Lot Pbur (4), Block Eleven (11), Schimtter's Addition to the city of Grand Island,
<br />Bali County, Nebraska.
<br />of the Sixth Principal Meridian, containing in all acres according to Govern-
<br />ment survey:
<br />TO HAVE AND TO HOLD the premises ab ^r. � 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 MotYga-
<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 Mortgagee, or order, the principal sum of Thirty Eight Thousand
<br />!dine Hundred Fifty and No /100ths Dollars (S 38,950.00
<br />with interest trom date at the rate of Teti and One —half per cemum ( 10.5 `h ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of Superior Mortgage, Inc.
<br />to Grand Island, NE 68802 , or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Three Hundred Fifty Six and 29 /100ths-
<br />Dollars ($ 356.29 ). commencing on the first day of
<br />hlsy l . 19 86, and on the first day of each month thereafter until the principal and m-
<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 . pril 1,, 2016 :all according to the terms of a certain promis-
<br />wry 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 />I. That he will! pay the indebtedness. as hereinbefore txovided.$ia>innuffmae
<br />4 Tweet ere Pay the aeM, in whole or in part y
<br />icastai➢.ttt�t due delete." - ,ore an
<br />:. That, Metier waft. acid in ad rt n to,'t to nxrnt y 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 said note i full} paid. the
<br />is+finwing :.ms:
<br />STATE Of WHWASKA
<br />+4,st wi F"A 2,, 14:0A, MNt,.t'. M_ bw ihuxc9 L •7: +; S"Mj, a £•trw;m!aal
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