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86-- 1.08764
<br />MORTGAGE This fort is used in connection
<br />with mortgages insured under the
<br />one- to four•family provisions of
<br />the National Housing Act.
<br />THIS MORTGAGE, made and executed this 21 at day of November A.D.
<br />19 96- , by and between MIIElilt FAY RULE, A SINGLE PERSON
<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. BOIL' 050
<br />GOO 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 he said Mortgagor, for and in consideration of the sum of Thi rty Five Thousand, Two
<br />Hundred Fifty and No�100ths-- -_- °-- ------------- ° °------ Dollars (S 35,250.00 ), 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 />THE SOUTH SIXTY SIX (66) FEET OF THE NEST ONE HLNDRED FORTY EIGHT AND FIVE TENTHS FEET (148.5) OF
<br />LOT ELEVEN (11), IN VANTINFPS SUBDIVISION LOCATED ON PART OF THE NORTHWEST QUARTER (MI/4) OF SECTION
<br />TWENTY -TWO (22), TOWNSHIP ELEVEN (11) NORTH, RANGE NINE (9) WEST OF THE 6TH P.N., HALL COUNTY, NEBRASKA,
<br />EXCEPTING A CERTAIN TRACT DEEDED TO THE CITY OF GRIND ISLAND BY WARRANTY DEED RECORDED AS DOCLO"T
<br />NO. 82- 001399.
<br />of the Sixth Principal Meridian, containing in all acres according to Govern-
<br />mentsurvey:
<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 sa ;d 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 title, in fee simple, includ-
<br />ing all rights of homestead. and other rights and interests as aforesaid.
<br />PROVIDED At -WAYS, 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 Thirty Five Thousand, Two
<br />Hundred Fifty and No/1 00ths ----------- ------ -- ------- - --- tkAlars(S 35,250.00 ),
<br />with interest from date at the rate of Ten per centum 1 10.000 `:1, ) 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 °S^
<br />in MM ISLAND, NE 68802 or at such other place as the holder of
<br />the note may designate in writing. in monthly installments of Three Hundred Nine and 34 100ths----------------
<br />°--_»---------- -------------January Dollars$ 309.34 ), commencing on the first day of
<br />January , 19 and on the first day of each month thereafter until the principal and in-
<br />lerest "are fatly paid, except that the final rpayt of principal and interest. if not sooner paid, shall be due and
<br />payable on.the first day of oMet , : 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 />Re it xx
<br />I. Thai, he will ' y,the ittdebtedne.11 as htreinbefore ovided.
<br />Aix
<br />"►rlvit i!s rtaet sd o pay debt, in whole or in part, on arty instailwan
<br />-is'
<br />— t -
<br />?. That: together with. and in addition to. the 'monthly payments of principal and interest payable under the terms of the
<br />note xecurod Itereby.'the Mortgagor will pay to the Mortpgee, on the first day of each month until the saia note is fully paid, the
<br />Xx
<br />+iNawing s+ims; ,
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<br />Lt STATE OF NEBRASKA
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