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Bb-- 143523
<br />MORTGAGE
<br />THIS MORTGAGE, made and executed this 1 at
<br />19 86 . by and between. JOHN D. RUSSELL
<br />EEN
<br />and COLL B. RUSSELL, IN)SB111N1 AND WIFE
<br />of the County of HALL
<br />day of July
<br />This form is used in connection
<br />with mortgages insured under the
<br />one- to four•famity provisions of
<br />the National Housing Act.
<br />.A.D.
<br />, and State of Nebraska, party of the first part, hereinafter called
<br />dui 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, bereirwfter called the Mortgagee.
<br />WITNESSETH: That the said Mortgagor. for and in consideration of the sum of Si xty Four Thousa d Five
<br />Hundred and No /100ths- ------- ---- -- --- --- ---- Dollars IS 64,500.00 i.itaid bythe Mort -
<br />8agee, the receipt of which is hereby acknowledged. has Granted and Sold and by these presents does Grant. Bar -
<br />gpin, Sell. Convey and Confirm unto the Mortgagee. its successor and assigns, forever. the following- described
<br />real estate. situated in the Count of HALL , and State
<br />of Nebraska, to wit:
<br />LOT SIX (6), IN BLOCK ONE (1), LAKE DAVIS ACRES SUBDIVISION, BALL COUNTY, NEBRASKA.
<br />of the Sixth Principal Meridian. cum:uoing in all acrrs according toGovern-
<br />ment survey
<br />TO HAVE AND TO HOl f) the premises above described. with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting hxture, 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 ht-, geiod right to sett and convey said premises; that they are free from encumbrance; and that the
<br />Mortgagor will warrant and defend the same against the lawful claim% of all persons whomsoever and the said Mortgagor here-
<br />by relinquishes all rights of homestead, and all martial right. either in law of in equity and all other :omtngent interests of the
<br />Mortgagor in and to the above- described premises- the mtentx+n being Ie . +inset hcreho an absolute title. in fee tiimple, includ-
<br />ing all rights of homestead. and other rights and interests as afore +aid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following condmons. to w it:
<br />The Mortgagor agrees to pay to the Mortgagee. or order. the prinanal sum of Sixty Four Thousand, Five
<br />Hundred and No /1DOths- ------ ---- ------ -- - --- fk'il+rsi� 64,500.00 l'
<br />with interest from date at the rate or Ten per senlutn 1 10.000 % 1 per annum on
<br />the unpaid balance until paid. The said principai and imerest ,hall tx: payable at the office of Superior Mortgage, Inc.
<br />P.O. BOX 2008
<br />in Grand island, NE 68802 ,r at such other place as the holder of
<br />the tote may designate in writing. in monthly installments of Six Hundred Ninety -Three r
<br />----------- ----- -- ------ ------- - ----- ikillarst5 6932L�m� r�r��+titii�ite�ritJayof
<br />September ty 86 and on t to first day of each month thereafter until the principal and in-
<br />terest are fully paid. except that the final payment of pnnctpol and interest, if not sooner paid. shall he due and
<br />payable on the first day of August 2001 all according it, the terms of a �crtain pnani-
<br />sory note of even date herewith cxecutet by title %slid Mortgagor
<br />The Mortgagor in order more fully lu protect the ,county of this M'irtgagr • .rgrec.
<br />1. thisi he win pay the indebtedness. as hereinhetore pro%ided. J(ktitrlE4til XKX1t16
<br />"Priv fq,,re rued to pay debt, in whole or fn part, on any Installment
<br />dtse "t together with, and i t
<br />2, hat . tfte nilRjM$ PRY eats of nrtnctpal and interest pac:+hlc under the irons of U+r
<br />note secured hereby, the Miortg tr -will tiny ut the tiorittapec. on the hrst day of each month until the %attl note n fults paid• the
<br />f000w111S Vums.
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