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MORTGAGE
<br />This form is used in connection
<br />with mortgages insured under the
<br />orur- to four - family provisions of
<br />the National Housing.Act.
<br />86-- 106098
<br />THIS MORTGAGE, made and executed this 22 nd day of October A.D.
<br />1986 ,by and between LARRY P CALLAHAN AND HER ILEE J. CALLAHAN, FORMERLY.KN MI'LAS 14ERILEE J. WISEIMUI,
<br />. HUSBAND AND MIFF
<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 />GRAM 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 Thousand, Or Hundred
<br />and No/ 100the------------------ ---------- ----- --------------- Dollar$(S 0,100.00 ,Paid 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 THREE (3), PARKViEW SECOND SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />of the Sixth Principal Meridian. containing in all
<br />ment survey:
<br />acres according to Govern-
<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 tithe, in fee simple, includ-
<br />ing all fights 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 Thousand, One Hundred
<br />and No/ 100ths-------------- ------ --------- ------------- ---- Dollars (S 50,100.00
<br />with interest from date at the rate of Ten per centun, ( 10.000 'T ) 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-Nine and 66 /100ths----- -----
<br />----------- -------------------- - - -- -- Dollars ($ 439.66 1, commencing on the first day of
<br />December , 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 Noveeber, 2016 :all according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />1. That he will pay the indebtedness, as hereinbefore provided. *VftVx
<br />WAWPWARUM dtte dab. "Privile" is resery y debt, In whole or in part, on any installment
<br />2. That, together with, and in ad ion to, the m nthl�ents 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 said note is fully paid, the
<br />followingsums:
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<br />+ STATE OF NEBRASKA
<br />41)[) 921,13M (9-791
<br />Nepla ^es FHA- 2143M. Which Mav Be Used 1.1061 St1PVly is Exhausted t2J C1 -Fi 703 1 7(:4 "s oil
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