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<br />86--* 102846
<br />MORTGAGE Th.s art it � , in conneceion {
<br />t w th mortgages inwred under the
<br />f ono- to iou•- family Provisions of
<br />tF
<br />!he Naltonal Housing Act.
<br />THIS MORTGAGE. made and executed this 30 th day of May A.D.
<br />19 96 , by and hetween
<br />REINERIO E. CORRALES AND SUSAN J. CORRALES, HUSBAND AM WIFE
<br />of the County of HALL and State of Nebraska, party of the first part, hereinafter called
<br />the Mvngiigor.and Superior Mortgage Inc.
<br />P.O. BOX 2006
<br />Grand Island, NE 68602
<br />a corporation organized and existing under the laws of the State of Nebraska
<br />party of the second part. hereinafter galled the Mortgagee.
<br />W ITk I:SSETH: That the said lortgagor, for and In consideration of the sttm of Thirty Four Thousand v n
<br />Hundred and No /t00ths---- --- ---- ------ ------ -- Dollars tS 3 §,700.00 ). paldleyV a Mort -
<br />gagee. the receipt of which is hereby acknowfedged, has Granted and Sold and by these presents does Grant. Bar-
<br />gain, Sell. Convey and Confirm unto the Mortgagee. its successors and assitms, forever. the following- described
<br />real estate, situated in the County of HALL and State
<br />of Nebraska. to wit:
<br />FRACTIONAL LOT TWO (2), IN FRACTIONAL BLOCK FIFTY -THREE (53) IN PACKER AND BARR'S SECOND ADDITION
<br />TO THE CITY OF GRAND ISLAM, AND ITS COMPLEMENT, TO-WIT: FRACTIONAL LOT TWO (2), IN FRACTIONAL BLOCK
<br />TWELVE (11), IN BAKER'S ADDITION TO THE C iTY OF GRAND ISLAM, HALL COUNTY, NEBRASKA.
<br />of the Sixth Principal Meridian, containing in air roes according to Govern -
<br />mentsurvev:
<br />TO HAVE AND I'O HOLD the premises above described, with all the ppurtenvue, thereunto belonging and including
<br />all heating. plumbingand 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 agaui t 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 of in equity. and all other contingent interests of the
<br />Mortgagor in and to the above - described premises, the intention heing to convey herehy 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 prerents arc exccuied and delixered upon the following conditions, to wiC
<br />The Mortgagor agrees to pay to the Mortgagee- or order, the principal sun: of
<br />Hundred and No/ 100ths------ ----- -------------------- - - - - -- Dollars 1!5 Thirt1k' % Thousand, Seven
<br />with interest boil date at the rate to Nine lei centurn i 9.000 's. 1 pet annum on
<br />the unpaid balance until paid. The .aid principal and interest shall be payable at the office of
<br />Superior Mortgage, Inc.
<br />P.O. Box 2008
<br />in Grand Island, ME 68802 , or aI such other place as the holder of
<br />he note may designate in writing, in monthly installments of Two Hundred Sevent Nine a d 9tt� rrn
<br />- - - -- Dollar, I'S 279.20 Seventy Nine - oirlTRc'A' %szi uric TuU'Tait of
<br />July • 19 86 • and on the first day of each month thereafter tmtii the principal and in-
<br />terest are fully paid. except that the tinal payment of principal and interesr if nor woner paid. shalt he due end
<br />payable on the tiro day of June, 2016 iall according to the terra. of a :errun promu-
<br />sory rote of even date herewith executed by the saA 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 hereinbefote provided. 7Q7Ot1IgNiflltXNtItlQHOIkRxlOSiltMletMlt )NtiRxillllikrxx7tx6extat:
<br />. fllUtk7ti7t�ldt9t IFltkl�'!t>fhff�cS�k k
<br />>lR396tMR�i8tAf18 D0l11 lfKliKlAOtRk�k�l�;
<br />"Privill"* Is reserved,to ply debt, in whole or in part, on any installment
<br />L due dates."
<br />2. That, together with, and iii a coon HS., the ivionfhlv payment of principal and interest payable under the terms of the
<br />note ccuted herehy. the Mortgagor will pat to the Mo tKagee, on the tint div of each month until the .ain riots• is fmly paid, the
<br />following sums:
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