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I
<br />MORTGAGE
<br />86-. 106860
<br />This form it 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 26 th day of November A.D.
<br />19 96 , by and between ROBERT N. OLSEN AND CINDY N. OLSEN, HUSBAND AND WIFE
<br />of the County of : HALL , and State of Nebraska, party of the first part, hereinafter wiled
<br />the`Mwtgagor,aiid SUPERIOR MORTGAGE, INC.
<br />P.O. a" "So
<br />GRAND ISLAND, NE 68=2
<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 />W NE$SgT�: That the said Mortgagor, for and in consideration of the sum of Trrenty Siz Thousand, Eight
<br />Hundr�' and No/ 700th:------- ----------------- ----- --------° Dollars (S 26,SOO.t>0 1. 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 EASTERLY TWENTY ONE (21) FEET OF LOT TWENTY NINE (29) AND THE WESTERLY TWENTY EIGHT (28) FEET
<br />OF LOT THIRTY (30), IN BUENAVISTA SUBDIVISION, IN THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA.
<br />of the Sixth principal Meridian. containing in all acres according to Govern-
<br />ment survey:
<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 title, in fee simple, includ-
<br />ing all rights 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 Twenty Six Thousand, Eight
<br />Hundred and NN o/ 100ths------ ---- --------------------- - - - - -- Ikillars(5 26,800.00 1
<br />with interest fuxn date at the rate of Nine and one half per centum ( 9.500 ' ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of SUPERIOR N ORTGAGE, INC.
<br />P.O. BOX "S"
<br />in GRAND ISLAND, NE 68802 it at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Two Hundred Twenty -Five and 35/100ths-----------
<br />January Dt,119 �V 225.35 1, commencing on the first day of
<br />, and on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except that DaaasiE- paIr fet of principal and interest. if not sooner paid, shall be due and
<br />payable on the first day of , : 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 wiN pay the indebtedness, as hereinbeforr provided.
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