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MORTGAG de and exec[ AON L. 1 This form is used in connection with montsem insured under thii L ted this 20 th day of Mw41ab01' EIMM AM, KATHLEEN S. ItElM, HUSBAM AND >I WALL and State of Nebra4a, party of INC. 611102 -' I part. hereinafter called a corporation organized and existing under the laws of THE STATE OF NEBRASKA Aw party of the second part. hereinafter called the Mortgagee. WfTNF$SETH: That the said Mortgagor. for and inconsideration of the sum of Fifty Thousand, Six Htdrs Fifty and IWI OOdts----------------------------------------- Dollars (S 50,650.00 ). pato Dy t Mort- gagee, the receipt of which is hereby acknowledged. has Granted and Sold and by these presents does Grant, Bar- gain, Sell. Convey and Cottfirm unto the Mortgagee, its successors and assigns, forever. the following -described real estate; situated in the County of HALL , and State of Nebraska, to wit LOT FIFTY FIVE (55) AND THE WORTH TEN (N 10) FEET OF LOT FIFTY FOUR (54) IN FONNER VIEW SUBDIVISION, IN THE CITY OF GIIA D ISLAND, HALL COUNTY, NEBRASKA. of the Sixth Principal Meridian, containing in all acres according to Govern- ment survey: TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the, Motigagee. and to its successors and assigns, forever. The Mortgagor represents to, and covenants with. the Mortga gee.,that the Mortgagor has good right to sell and convey said premises; that they are free from - encumbrance: and that the Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever: and the said Mortgagor here- by, relinquishes all rights of homestead, and all martial rights, either in law ar in equity, and all other contingent interests of the Mortgagor in and to the above- described premises. the intention being to convey hereby an absolute title, in fee simple, includ- ing all rights of homestead. and other rights and interests as aforesaid. PROVIDED ALWAYS. and these presents are executed and delivered upon the following conditions, to wit: The Mortgagor agrees to pay to the ?Mortgagee. or order. the principal sum of Fifty Thousand, Six Hundred Fifty and 'NS/t 00ths ------------ --------------------------- Ih,llars(5 50,550.00 1. with interest from date at the rate of tine and one half per centum ( 9.500 fir) per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of SUPERIOR MORTGAGE, INC. P.O. BDF 2004 in GRAND ` ISLAND, ME 68M or at such other place as the holder of the note may designate to writing to monthly installments of Four Hundred Twenty-Five and 09/100ths ---------- --------------- -- ---- ---------------- Dollars (S 925:09 t, commencing on the first day of Jauttsry .1987 , and on the first day of each month thereafter until the principal and in- terest are tally paw except that the final pa ment of principal and interest. if not sooner paid. shall he due and payable on the first day of Deasnbar, tfi16 : all according to the terms of a certain promis- iz" note of even date herewith executed by the said Mortgagor. The Mortgagor in order atone fully to protect the security of 'his Mortgage. agrees: