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101787 used MORTGAGE Mth form is s'09 r conrtection
<br />the
<br />with mortgages Imured urMar the
<br />one- to four- famity provisions of
<br />the Natioml Housing Art.
<br />THIS MORTGAGE. made aad executed this 11 th day of April A -D.
<br />1936 ,by mod between MICHAEL DAVID PETERSON and BETTY L. PETERSON, WBAND AND WIFE
<br />of the County of HALL
<br />the Morlpeor, and Superior Mortgage Inc.
<br />P.O. D001 2006
<br />Grand Island, NE 681102
<br />a corporation organized and existing under the laws of
<br />party of the second part, hereinafter called the Mortgagee,
<br />, and State of Nebraska. party of the first par!, hereinafter called
<br />the State of Nebraska
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Twenty Five Thousand, Seven
<br />Hundred and No /100ths--------------------------------------- Dollars (s 25,700.00 . ), 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 />gain, Sell. Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following- described
<br />rest estate. situated in the County of HALL and State
<br />of Nebraska. to wit:
<br />LOT ONE (1), IN BLOCK FIVE (5), KOEHLER PLACE IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />of the Sixth Principal Meridian, containing in all
<br />ment survev-
<br />acres according to Govern-
<br />TO HAVE AND TO HOLD the premises ttb r: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 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 Twenty Five Thousand, Seven
<br />Hundred and No/ 100ths------ ---- ------ ---- ---- ---- ----- ---- Dollars (S 25,700.00
<br />with interest trom date at the rate of Ten per centum l 10.000 `r ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall he payable at the office of Superior Mortgage, Inc.
<br />P.O. BOX 2008
<br />in Grand Island, HE 68802 or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of T Hundred Twenty-Five Five ��at,��1 s------ -- - - --
<br />--------- ------- °------ ------------ Dollars (s 225.i�C y �'¢omrttencttig on the first day of
<br />d l9 86 , and on the first day of each month thereafter until flit principal and in-
<br />ttrest are fully paid, except that the rrnnal payment of principal and interest. if not sooner paid, shall be due and
<br />payable on the first day of me hot 6 : all according to the terms of a certain promis-
<br />sory note of even date herewith execute�by t said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage. agrees:
<br />L Thin he will pay the indebtedness, as hereinbefore provided.
<br />- -- "Pow 1s reserved to debt, In wtai• or in part, on any inataltwent
<br />dire
<br />i7irn, tngctlter with, and in the ents of principal and interest payable under the terms of the
<br />note secured hereby. the MortgaWxr w' par to the Mortgagee, on the first day of each month until the said note is fully paid. the
<br />fowwittg gums:
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