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<br />MORTGAGE This form ig �=ed to connec :io,
<br />with mortgages insured undor the
<br />one- to four - family provisions of
<br />the National Housing Act.
<br />THIS MORTGAGE, made and executed this 7th day of August A.D.
<br />19 85 .by and between Kenneth L. Fal.ldorf and Dixie A. Falldorf, Husband and Wife
<br />California
<br />of the County of Los Angeles and State of igcMr M, party of the first part, hereinafter called
<br />the Mortgagor, and Superior Mortgage, Inc. '
<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 the said Mortgagor, for and in consideration of the sum of Twenty Seven Thousand
<br />and NoI AOths ------- ----------------------------- Dollars IS 27, 000.00 ), paid by the Mort-
<br />gagee, the receipt of which is herehy 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 />Lot One (1), in Block Fourteen (14), in Rollin's Addition to the City of
<br />Grand Island, Hall County, Nebraska.
<br />of the Sixth Principal Meridian, containing in all
<br />ment survey:
<br />acies according to Govern-
<br />TO HAVE AND TO HOLD the premises ahove described. w ith all the appurtenance% thereunto belonging and including
<br />all heating, plumbing and lighting fixtures rind equipment now or hereZter attached to or used in connection with %aid real estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represent+ to. and covenants with, the Mortga-
<br />gee, that the Mortgagor has good right to sell and convey said premiss; that they are free from encumbrance: and that the
<br />Mortgagor will warrant and defend the same against the lawfiul claims of all person% whom .,lever. and the said Mortgagor here-
<br />by relinquishes all rights of homestead, and all martial rights, either in Lrw of In equity. and all other contingent interests of the
<br />Mortgagor in and to the above- described premises, the intention being io comc•y herrisy an ahsolute titb:, 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. io wit-
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Twenty Seven Thousand
<br />and No/ 100ths ----- ---------------------------- DoilalN1S 27,000.00
<br />with interest front date at the rate of Thirteen pet rentum 1 13 ) per annum on
<br />the unpaid balance until paid. 'rhe said principal and interest shall he payahle at the office of Superior mortgage, Inc.
<br />in Grand Is or or at much other place in the holder of
<br />the note may designate in wn mg. to rnon v idsti ments of Two Hundred Ninety Eight: and 67/ 100ths
<br />-------------------- - - -- -- Dollars tC 298.67 1. commencing on the first day of
<br />�y. � . 19 85 . and on the first day of each month thereaftet until the principal and in-
<br />Zcrc+f-are fully paid, except that the final payment of principal and interest, if not sooner paid. shall he due and
<br />payable on the first clay of September 2015 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 />I. That he will pay the indebtedness, as hereinhefore provided. Privilege is reset\ed nr pay the debt in whole, or m an
<br />amount equal to one or more monthly payments on the principal that are next due on the note, on the lust day of anv 1111111111
<br />prior to maturity: I-Irovided, hrlwvver. That written notice of an intention to exercise such privilege is given at leelst thirty t i01
<br />days prior to prepayment.
<br />2. Thal, together w•ilh, and in addition lo, the monthly payments of principal and interest payahle under the terms of the
<br />mote secured hereby. the Mortgagor will pay to the %lortgagec. on the first clay of each month until the sail note ,, fully paht. the
<br />following sums-
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