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<br />11
<br />85 0358
<br />MORTGAGE
<br />with form is used in under the
<br />with mortgages insured under the
<br />ono- to four•family provisions of
<br />the National Housing Act.
<br />THIS MORTGAGE., made and executed this 21st day of January A.D.
<br />1985 ,by and between Richard D. Morgan and Betty J. Morgan, 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 />a corporation organized and existing under the taws of the State of Nebraska
<br />party of the second part, hereinafter culled the Mortgagee,
<br />WITNE.SSETH: That the said Mortgagor, for and in consideration of the sum of Fifty—Three Thousand,
<br />Nine Hundred Fifty and No /100ths ---------- - - - - -- Dollars ($ 53,950.00' ), 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- descri bed
<br />real estate, situated in the County of Hall and State
<br />of Nebraska. to wit:
<br />Lot Five (5), in Block One (1), in Continental Gardens, an Addition
<br />to the City of Grand Island, Hall County, Nebraska.
<br />of the Sixth Principal Meridian. containing in all
<br />ment survey:
<br />.icres according to Ool,ern-
<br />TO FIAVF. AND rf) 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 i % successors .Intl assigns. forever. The Mortgagor represents to. ;Ind covenants with, the Mortga-
<br />gce, 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 w"homsnever: and the said Mortgagor here-
<br />by relinquishes all rights of homestead. and all martial rights. either in law or in equily. and all other contingent interests of the
<br />Mortgagor in and to the above- described premises. the intention being to convev hereby an absolute title, in fee simple, inciud-
<br />ing all rights of homestead. and other rights and interests as aforesaid.
<br />PROV IDI'.D ALWAYS, and these presents are executed and delivered upott the following conditions. to (s it:
<br />The Mortgagor agrees to pay to tine Mortgagee, or order, the principal sum of I,* if ty —Three 'thousand, Nine
<br />Hundred Fifty and No /100ths --- --- ---- --- - - ---- ihlllars I� 53, 950.00 1
<br />with interest from (late at Cite rate of Twelve and one half per rantlliu 1 12. 5 1 ) per annum on
<br />the unpaid balance until paid. "I he said principal and interest shall tv pay;aNc at the office of Superior sf ^Ptgage, Inc.
<br />in Grand Island, NC .,it at Balch other place as the holder of
<br />the note may eksignale in writing, in monthly inoiillmenas of Five hundred Seventy— f.'i.ve and 79 /100ths
<br />---------------- . ------- , ------ J?ollars fx 575.79 i. cununencing on the first dal of
<br />March . f9 85 , , nd un the first dal ill e,ich month thcreafler until the principal and in
<br />rere -t are fully paid, except that the final payment of principal .ind Inlerest, if not si:oner paid, shall he due and
<br />pavahle on the first day of February 2015 all according to the terms of a certmn prornas
<br />sort' nole of even date herewith executed liv the said Mortgagor.
<br />-rhe Mortgagor in eider more fully to protect the sceutily of this Mortgage, agree,
<br />I. rilat lie will pav the indehtedness. as title inhO Ill e tlmvided. I'tiyifege Is reserved to pay 1110 dehl in whole'. of nl an
<br />amount equal to one or inure monthly payments on the principal thm are nest due on the note, on the WNI Jar of ail% in011111
<br />Prior to malurtty: feovnled, howevee, 'Thai written notice of ;m intention to cxerclse such I'll% leee i, g.iverl al le;lSl Ihiriv ( 111)
<br />hays pri(a to prepayment.
<br />t. That• fer thel wllh, and in addllnen n1, the iilonthk pilvilleflts a'It prillcly al :Ind Intriedt p;avable lindet the teiin, of Ilrr
<br />note secured herebv. the Mortgagor wilt pay hl the hfortgagre. „n the first day of each month until thv'mtt notr I. fully paid. the
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