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<br />'MORTGAGE Ti norm :r s ins in Cd nnCeth
<br />w,th morryagei insured under The
<br />MORTGAGE one- i.: tour - family provisions of
<br />tj the National HS si, Act.
<br />f02
<br />THiS MORTGAGE. made and executed this 31st day' of May " .D
<br />19 86 . by and hetween Michel A. Palu and Valerie K. Palu, Husband and Wife
<br />of the Countvof Hall and State of Nebraska. part} of the first part. hereinafter called
<br />the Mortgagor. and Superior Mortgage, Inc.
<br />a corporation organized avid existing under the laws of the State of Nebraska
<br />party of the second part. hereinafter called the 'Mortgagee.
<br />WiTV FSSFTH: That the ,aid %foTtgagor. for and in consideration of the sum of Forty One Thousand
<br />Three Hundred Fifty and No /100ths _ Dollars rj 4�, 30.00 )• paid by the Mort-
<br />gagee. the receipt of which i, hereby acknowledged, has Granted and Sold ,nd }' I ese presents c°, -rs Grant, Har-
<br />gam. Sell. Convey and Confirm unto the Mortgagee, its succcs <ors and ssagn,, fire :er, the fofluwing- dexState
<br />real estate. situated in the Count} of Hall and State
<br />of Nebraska, to wit'
<br />Lot One (1) in Sunset Fifth Subdivision , being a part of the North Half of
<br />the Northeast Quarter (N'NE;) or Section Eleven(ll), Township Eleven (11)
<br />North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska.
<br />of tilt Sixth Principal Meridian, containing in a!i afire, according to Get %ern-
<br />nicm ,ur%ey:
<br />I f) Ill AV U AND I Hf1LD the pictni --, ::h.we de,crthecf. ,% :th all the ::ppnrtenanccs theremntu belonginn and including
<br />all heating. piumhing and lighting fixtures and equipment now or here:dter anached to of used in connection with said real estate
<br />unto the Morigacee. and to its successor, and .i„igns, foreser The Mortgagor represent, to. and cotenants with, the Mortga-
<br />gee. that the Mortgagor has eax+d right to se!t and onteg aid premise,: that they err free from eneutrhrance: and that the
<br />Mintgagm exul warrant and defend the .:tine again,t the lawful claims of all persons whom,oe-, er. and the said Mortgagor here -
<br />hp relinquishes all rights of homestead. and A! niani:d rights, either in law or in equity. and ail other contingent interest, of the
<br />Mortgagor in and to the ihote- de,crit ed premises. the :mention tieing to coney hereby ;in ah,olule title. in fee simple. includ-
<br />ing all rights of homestead. and other right, and interest, is afine,aid.
<br />PROVIDED At \VAN S. and ihcse pre,ent, are executed ;md delkered i:pon the hollowing conditions. to w il:
<br />The Mortgagor agree, r0 pay to the Morigagee. or order, the principal sum of Forty One Thousand Three
<br />Fifty and No /100ths-- ---- -- -- l oNar "s 41,350.00 i
<br />with interest from date at the late :,t Nine and One —half pet .:enuan.l L 9.50 1 per annum on
<br />the unpaid halance until paid. fhe ,::id principal and interest shall he pay:,hle :u the office of Superior Mortgage, Inc.
<br />in Grand Island, NE 68802 .,it at such tither place a s the holder of
<br />the note may de,ignare in writing. in monthlp installments of Three Hundred Forty —seven and 69 /100ths --
<br />___ 347.
<br />Dollars tc r,;nnnenang on the first dos of
<br />Jply t9 86. and on t 9 . r tint d'n�. of cseh month therc;,fler unitl the principal and in-
<br />terest are full% paid. except that the final payment of principa ;ind interest, if not sooner paid. ,hall he due and
<br />payable on the first da.k of June 2016 all according io the later, .,l a,eriain prornis-
<br />soiv note of escn dale herewith executed ht the said Mortgagor.
<br />fire 'tfuttgapoit in order more full-, io protect the secs ro of this lfortg :age, agree,
<br />i, That he will pay the indehicdness, a, hereinhefore provided.x ![7NpC07CxOt6ltiotMix ltd ][ %fbUtr�7t0[7uUi$1GFaGnYliltnx
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<br />�7gt � xxx�� "Privil is reserved to pay the Debt, in whole or. in part, on
<br />to
<br />any, l lh:'�ailgethe itii,`e d ran atf,iiteio,n t. the ntonthlt pa, ri�rdfc t,f ptinc � , inJ' u,tcre,t p.,,aY *!r under t!i�rrms of the
<br />nor •:ccured hcrehv, the %lortgagoi will p.iy to tfic 4forigaagee. oa tilt first dac of ca:h month until the saii4 note " flrlfi pmd. Oil
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