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nd 102176
<br />MORTGAGE ;
<br />This ' °.m is used in connection
<br />,v:th mortgages insured under the
<br />one- to tour - family provisions of
<br />the National Housing Act. t
<br />r J
<br />THIS MORTGAGE, made and executers this 1 st day of May A.1).
<br />19 86 . by and between JAMES E. BURKS and SHAUNA L. BURKS, HUSBAND AND WIFE
<br />of the County of HALL and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor,and Superior Mortgage Inc.
<br />P.O. BOX 2008
<br />Grand Island, NE 68802
<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 />WIT'NESSF.TH: That the said Mortgagor, for anti in consideration of the sum of Fort N' jlfttousand, Six
<br />Hundred and No/ 100ths-------- -------------- ----------- - ----- Dollars IS �S,�iB�•b0 ). paid by Mort -
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does (1prant, Bar-
<br />gain. Sell, Convey and Confirm unit) 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 />LOT TWELVE (12), IN SCHEELS SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />L
<br />of the Sixth Principal 'Meridian, containing in ail
<br />ntent survey:
<br />acres according to Govern-
<br />TO HAVE AN[) 'F0 HOLD the premises above described. with all the appurtenances Ihereuntu helonging and including
<br />all heading, piurnhing 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. l'he Mortgagor represents to. and covenants with, the Mortga-
<br />gee, that the k1origagor 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 htwful claims of all persons whomsoever- and the said Nforigagor 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 - deserihed premises. the intention heing to convey herehv an ahsolute title. in fee simple, includ-
<br />ing all rights of homestead. and other rights and interests as aforesaid.
<br />PROV IDEI) ALWAYS. and these presents are executed and defiveied upon the following conditions, n, w it:
<br />71tc Morigagor agrees to pay to the Mortgagee, or order. the principal sum of Forty Nine Thousand, Six
<br />Hundred and No/ 100ths------ --------- ----------------- ----- Dullards 49,600.00
<br />with interest from date at the rate of Ten psi ccntum 1 10.000 ) perannunt on
<br />the unpaid balance until paid. llic said principal and interest shall be pavahle at the office of Superior Mortgage, Inc.
<br />P.O. SOX 2008
<br />in Grand Island, NE 68802 fir al such other place as the holder of
<br />the note may designate in writing, in monthly installments of Four Hundred Thirty-Five and 28/100ths -----------
<br />------------------------------------- Ih,llars IS 435.28 I. conunencutg on the first day of
<br />June . 19 86 ,and stn the first day of each month c•
<br />th Ireafter until the principal and in-
<br />terest are fully paid, except that the final payment of principal and interest. if not �ooncr paid, shall he due• and
<br />payable stn the first day of May, 2016 iall according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />'fhe 'viortgagor in order more fully to protect the security of this :Mortgage, agrce�.
<br />I. "that he will pay the indebtedness, as hercinbefore provided. i'riUlliiEib MY 4WXKMXt7- XOXX)UA%AMUXt>W(AMXAXXIIMXX
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<br />tX 'tPriv is reserved'e debt, in whole or in part, on any Installment
<br />due date."
<br />.:. Eh,tt, together with, ,fit n at lion tu. the mnn r a of imrrrst
<br />payments prmeq;al and p,iy.thk under lire trrnts of the
<br />hrrrhy, the Mollytagor •n;tt p.tv k, the Mtnigagee. on the Iln1 doy of east niontb until file s.dii floic Is fulh paid. the
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