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FW
<br />1:081235
<br />MORTGAGE This norm is usW r connection
<br />with morTgpes insured under the
<br />t T t 't t
<br />one- o our- am y prt"ntatno
<br />the National Housing Act.
<br />THIS MORTGAGE, made and executed this 17 th day of June A.D.
<br />19,86 ,by and between KEVIN E. GATES -
<br />and' COLLEEN GATES,- :HaUND AND WIFE
<br />of the County of HALL , and Stale of Nebraska, party of the first part, hereinafter called
<br />tbeMortgagor,aitd Superior Mortgage Inc.
<br />P.O. 13OX 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 />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Fi ft. Three Thou and 5i z
<br />Hundred Fifty and No/ 100ths ---- ------ ---------- ----- - - - - --- Dollars ($ 53,650.00: �.patti 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 />real estate. situated in the County of HALL , and State
<br />of Nebraska, to wit:
<br />LOT TWO (2), MEADOW LANE FOURTH SUBDIVISION, IN HALL 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 above 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 Fifty Three Thousand, Six
<br />Hundred Fifty and No/ 1100ths ----- ---- ----- ----- --- ---- ---- Dollars($ 53,650.00 ),
<br />with interest from date at the rate of Nine Pe r centum ( 9.000 .
<br />) 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 />P.O. BOX 2008
<br />in Grand Island, NE 68802 or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Four Hundred Thirty -One and 68/100ths ------------
<br />------------------------------------- Dollars IS 431.68 ), commencing on the first day of
<br />August , 19 86, and on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except that the final payment of principal and interest, if not sooner paid, shall he due and
<br />payable on the first day of July, 2016 ;all according to the terms of a certain promis-
<br />sory note of c ven 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 provided. p144NOLTdtXl R
<br />X "Privil s reserved ay debt, in trhola or In part, on any installment
<br />due date."
<br />2. That, together with, and in dttion to, the monthly 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 saitt note is fully paid, the
<br />following sums:
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<br />STATE OF NEBRASKA
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