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<br />MORTGAGE This form is in connection
<br />with mortgages s ins insured under the
<br />one• to four-family provisions of
<br />the National Housing Act.
<br />85— 001797
<br />THIS MORTGAGE, made and executed this 12th day of April A.D.
<br />19 85 .byandbetween Marvin L. Smith and Donna L. Smith, 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 law's of the State of Nebraska
<br />party of the second part• hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor, for and inconsideration of the sum of Thirty Nine Thousand,
<br />Three Hundred Fifty and No /100ths--------- - - - - -- Dollars(!+ 39,350.00 I, 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, Self. 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 NehraskJ, to wit:
<br />Lot Five (5), Potash Subdivision, Hall County, Nebraska.
<br />of the Sixth Principal kleridlan. conLjIrll tg in all
<br />ment ,ur%ev:
<br />acres according ter Gocern-
<br />TO HAVE AND TO HOI 1) The rrxrmi,es ahocc dcscnhed. u 1111 All the appurtenances thereunto belonging and including
<br />acid heating, plumbing and lighting fixtures atnd equipment now nr hcreafler attached to or used in connection with said read estate
<br />unto the Mortgagee. and to its successors and assign,, forever. i he Mortgagor represent, It), and covenants with, the Morlg:r
<br />Moe that the Mortgagor has good light to sell ;'till convey said prrmise,. that they are free front encumbrance; and that the
<br />Mortgagor will warrant and defend the carne .'gains) the I,n+(ul Aoln, of all per,ons whomsoever, and the said Mortgagor here-
<br />by relinquishes all right, tit homestead, and all ntarmil right,. either in i,os or 1n cqult%, and all other contingent interests of the
<br />Mortgagor in and to the ahu,c- described premises. the intention, hcing 1,, coin cy hcrchc :u; absolute title, in fee simple, includ
<br />ing all rights of homestead, and other right, and inlere,l, as aforc,al,t
<br />PROVIDED ALWAYS, and these presents are execulcd and debtcicd upon the followIngconditions, to 1% it:
<br />The Mortgagor agree, to pay to the Mortgagee• or order. file principal sum of Thirty Nine Thousand, 'three
<br />Hundred Fifty and No /100ths-------- -- - - - - -- Dollan(5 39,350,00
<br />wtlh interest from date at the rate of Eleven and one half het 011111111
<br />11 urTpaud halance unfl paid. The said principal and intere,l shall he pal ahle at the ollice oft .50 1 per annum un
<br />Superior Mortgage, Inc.
<br />in Grand Island, NE I or al such other place as [tic holder of
<br />The note (nt) designate in writing• in monthly installment, of
<br />o hundred fifty Nit a and 68 100 h Dollars Is 45 . �� �. conuncnct�g on tie �Irsi day o
<br />June . 1985 , ;loll un the lint d,'y of r ;u h month 1hcTea( lei unfl the principal mo nr
<br />serest are fully paid. except that the final pavInvIll of prillopall ;end lntelest. if not wooer paid. shall he due and
<br />payable on Ihc' first day of May 2000, all according to the let ill, of it "el(aun proink-
<br />,ory nolc of even date herewith executed by the said Mortgagor,
<br />The Mortgagor in order more fully 11, prolecl the scnuns of tins �lurtg :lgr. aarccs
<br />I that he will pay file indehtedne,,, as heremhefote prosidcd Prrll"c 1, resr1%ed In pay the Iehl tit a4rulo, or in an
<br />:Jntrntnt equal to one or more fnnnthly payments on the principal thal urc tiexl due nn Cllr Mole. on the lir,I ,I,% of ally month
<br />Pill'( to moo prc Provalcd• huwere °r. "Phol w!illen police of an irucnlioo to cxercrse .u. h rrluleve 1, rl%ell A Ica,( Ihirlt 1 ill)
<br />day '+ rrrc+r to prt:paymenl.
<br />'. Ihal. together wTth, and ill addilion lo. file nronihlx p :nnu'Ml, of prnrupal alnd Interest pacablr under file lernts tit file
<br />nulk tiv,:utvd herchy. [tie .kfor tpapur a ill pay to the hlorh_aµec. on Tile Ilea day of each month until file ,aril little I, loll% Auld. the
<br />follow Ing cocoa.
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