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<br />86� � 105004.
<br />This form is used in connection
<br />MORTGAGE _ who mnngeges insured under the nae to tbuntanrity D�visiom of
<br />the National t11=1np-Aet.. -
<br />THIS MORTGAGE. made and executed this. 3 rd. day of September
<br />A.D.
<br />19 86 .by and between HOWARD L. NAXON AND COLLEEN A. NAXON, HUSBAND AND WIFE-
<br />of the County of HALL and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor. and SUPERIOR MORTGAGE, INC.
<br />P.O. BOX 2008
<br />GRAND
<br />ISLAND, WE 68802 s of THE STATE OF NEBRASKA
<br />a corporation organized and existing under the law
<br />party of the second part, hereinafter called the Mortgagee.
<br />` WITNESSETH: That the said Mortgagor. for and in consideration of the sum of ; Forty Eight Thousands ax
<br />Hundt^ed Fifty and No1100ths--
<br />Dollars (S 48,658.00 )- paid y 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 assigrij., forever, the following-described
<br />State
<br />estate, situated in the County of
<br />i of Nebraska. to wit:
<br />' LOT SEVEN (7), 1N BLOCK EIGHTEEN (18), IN SCHtMNEIt'S ADDITION TO THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />MEN"". "
<br />of the Sixth Principal Meridian. containing in all acres according YO Gnxern-
<br />mentsurvey: - TO HAVE AND To HOLD the premises atiole described. with all the appurtenances thereunto, belonging and including
<br />a!! !seating.
<br />plumbing and lighting fixtures, egnipment new it hereafter attached to o r used in connection with said rest 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 Iii sell and come% said premises; that they are fret from encumbrance: and that the here-
<br />Mortgagor will warrant and defend the s.:tne against the lawful claims of all peisons uhomcoec °er; and the said Mu!rtgagor here-
<br />by relinquishes all rights of homestead, and At marital rights, either in law or in equity. and ab other title, in simple. i of the
<br />Mortgagor in and to the above- described premises. the intention being io conxey hereby :m absolute title. in fee simple: inc3ud
<br />ing all rights of homestead, and other rights:ind interests as 'aforesaid.
<br />PROVIDED At_W'.AYS. and these presents are executed and delivered upon the foltowingconditions. to wit:
<br />The Mortgagor agrees to pav to the \Mortgagee, or order. the principal sum of Forty Eight Thousand, Six
<br />Hundred Fifty and No1100ths--- ---- ---
<br />- ------------- - ----- Dollars IS 48,650.00 )'
<br />with interest lioni date at the ;ate o; Nine tai cerituni 1 9,000 1 per annum on
<br />the unpaid balance until paid. fhe said principal and interest shall he pay able at the office of SUPERIOR MORTGAGE, INC.
<br />P.O. BOX 2008
<br />in GRAND ISLAND, NE 68802 it at such other place as the holder of
<br />the note may designate in writing. in monlhly installments of Three Hundred Ninety-One and 45/100ths----------
<br />- - - - -- Dollars IS 391.45 ), conunencmg on the first day if
<br />November . is 86, and on the first dal: of each month thereafter until the principal and in-
<br />rerest are full; paid. except that the tinst navm te
<br />ent of principal and rnre,t, if net sooner paid- shall be due and
<br />payable on the first day of October, 2016 I! according to the terms of a certain promis-
<br />` sort' mite of eocn date herewith executed by the said Mortgagor
<br />The Mortgagor in order more fullo It' protect the security of this Mortgage. agree,;
<br />I_ That he will pay the indebtedness, a, hereinbefore provided
<br />^Privilege i �reserved jt�oyypay debt, in whole or in part, on any installment RAW
<br />dW date."
<br />1 'That, together with..ind m addition to. the monthly payments of principal and interest payable under the terms of the
<br />-- - ruate sretired herchv. the itoilgagor -111 pay iii thr Mor gagee. on the first day of each month until the said none -I, fully Paul. the
<br />following stuns,
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<br />STATi; OF xrna+ASKA
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