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T({15 MORTGAGE, made and executed this 8 th
<br />19 86 hybrid between ELIZABETN R. SAUER
<br />A S INdLE- PERSON
<br />Of the County of HAIL
<br />the Wrtgagor,and Superfor Mortgage Inc.
<br />P.O. BOX 2008
<br />Grand Island, ME 60802
<br />a corporation organized and existing under the laws of
<br />party of the second part. hereinafter called the Mortgagee,
<br />86, 1303724
<br />This form is used in connection
<br />with mortgages insured under the
<br />one• to four - family provisions or
<br />the National Housing Act.
<br />day of July A.D.
<br />. and State of Nebraska. party of the first part, hereinafter called
<br />the State of Nebraska
<br />WtTNESSETH: That the said Mortgagor: for and in consideration of the sum of Forty Four Thous d SS x
<br />Hundred and No/ 100ths------------ ------ ------------- -- --- --- Dollars tS 44,600.00 � ptaid�y the Mort-
<br />gagees 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 />A TRACT OF LAND COMPRISING ALL OF LOT FOURTEEN (14), AND THE SOUTHERLY SIXTEEN (16.0) FEET OF LOT
<br />TWELVE (12), -BLOCK TWO (2), UNIVERSITY PLACE, AN ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA.
<br />of the Sixth Principal ,Meridian. conoaining in all acre, according io Govern-
<br />ment survey:
<br />TO HAVE AND TO HOLD the premises above de,cnbed, with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter attached io or used in connection with said read 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 sa mi: against the lawful claLns of all persons whomsoever, and the said Mortgagor here-
<br />by relinquishes all rights cof homestead, and all martial rights, either in Inv, car in equity, nd all other contingent interests of the
<br />Mortgagor in and to the above- described premises, the intention being to cons cy hereby an absolute title. in fee simple. includ-
<br />ing all rights of homestead, and tither rights and interests as aforesaid.
<br />PROVIDEt) A1-WAYS, and these presents are executed and delivered upon the follow tnconditions. to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order. the principal sum of
<br />--- - - - - -- IkdlarsI$ forty Four Thousand, Six
<br />Hundred and Nol100ths- 04,600.00
<br />with interest from date it the rate of Eight and one half per scntum i 8.500 ", ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall he 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 Installment, of Three Hundred Forty-Two and 94/100ths------------
<br />------ ------------------------- - - - - -- Dollars IS 342.94 1, commencing on the first day of
<br />September . 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 mtere,t. it not sooner paid. ,hall be due and
<br />payable on the first day of August, 2016 all :according to the term, of a certain prornis-
<br />son note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor ir, order more fuliv to protect the security of this Mortgage, agree%
<br />I_ That he will pay the indebtedness. as hereinbefore provided. AlE6l QilgNtiR> Id+ NJNUkIOC M!< 8111jXt1NFKyYKY7t�txtBUfINU (ptt7tXXgticx
<br />'sPrlvil fa reserved to pay debt, in whole or in part, on any Installment���
<br />due date." :
<br />?. `ITtat, loltrther mots. and m addition . the mint v payments of principal and interest payable :order the test"% of the
<br />note sccurod herthy, the Mortgagor r.11t pay to the Mortgagee- on the first day of each month until the "u'l note t, fully Patti. the
<br />following teems:
<br />RAN
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