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<br />85-- 005045
<br />This form is used in connection
<br />MORTGAGE with mortgages insured under the
<br />one to four-family provisions of
<br />the National Housing Act.
<br />THiS MORTGAGE. made and executed this 11th day of October A.D.
<br />19 85,byimdbetween Howard L. Maxon and Colleen A. Maxon, 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 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 Forty Eight Thousand
<br />Hundred Fift and NO1.l00ths---- °- - - - - ° -- - -- --- �"llars 1S 48,150.00 ). Paid by the Mort-
<br />gagee, the receip of which is hereby acknowledged, has Granted and Sold and by these presents does Grant. Bar-
<br />gain, Sell. Con cy smd Confirm unto the Mortgagee, its successors and assigns. forever, the following- described
<br />real estate. situated in the County of Hal l and State
<br />of Nebraska. to wit:
<br />Lot Seven (7), in Block Eighteen (18), in Schimirler's Addition to the City of Grand
<br />Island, Hall County, Nebraska.
<br />of the Sixth principal Meridian. containing in ; Il
<br />"lent sun ct
<br />•.errs acu filing to Gacrrn-
<br />TO HAVh. A N1)'10 H01.11 the prennsc, aho%v described. Nish all the iprntIenznec•, ihcrcumn hclonging and including
<br />all heating. plumbing and lighting fixture, and equipment not III- hereafter attached tom used in connection tailh ,aid real c•utte
<br />unto the Mortgagee. and io its wcce„on and as,ign,, foreter The Mortgagor represents nf. and cotenants with. the Moriga-
<br />gee. that the Mortgagor has good right to ,ell and coney said prerni,e,* that the% are free from encumbrance: and that the
<br />Mortgagor will warrant and defend the ,amt agaui,i the lawful ei: irm r,I :di per,un, tt hofn -e%CT; and the ,aid Mortgagor here -
<br />h% relinquishes all rights of home,tead, and all martial rights. either m LI" or ni c•qurtv.and ;ill other contingent imcre,ts of the
<br />Mortgagor in and III the abote- de,cril cd rrcini,es. the micn6on henig to cnniey herc•t,y an :d „ohtie title. in fee simple. includ-
<br />ing all rights of home,lead, and other right, and interest, :I, aforc,ard
<br />PRf)ViDI[U • l kk Vii S . and Ihe,c prc,ent, are eterutcd anJ dchi eied up,m the follow mg condition,. to ait
<br />The Mortgagor agree, to pay to the Mortgagee. or order, tht principal ,unl of Forty Eight. Thousand
<br />One Hundred Fifty and No/ 1001 hs--------- - - - - -- 48,150.00
<br />with interest !mitt daiv at the rate ut Eleven and One —half Iwli ,'nlluu i j1.5 I per annum un
<br />the unpaid hal.,ncc until paid 'the ,aid principal and interest shall he pay :thlc :d the ollice of
<br />Superior Mortga Inc.
<br />in Qraiia lslar4, N � . 68802 or at such other place a%I he holder of
<br />the note may dcsignrnc in writing, m m,attlik tmiallntent, of [bur Hundred Seventy —six and 83/ 100ths -- --
<br />--- -------------------- - - - - -- Oollar, is 476.83 i. cvnmtertcing run the first d:n of
<br />Dee_ -c ttber 19 85 . and on the first dart .If cash month tht,reaher until life principal and in•
<br />terest arc fu11y paid. cu;cpt than the final payment o1 principal end intcrc,t. if not ,00ncr paid, shall ht,• life ;flit]
<br />payable ors the lint day of Noveiriber 2015 Ill according In the term, of a ;err :un pimui,-
<br />sory rp,tc of cscn date herewdh executed by the said Mortgagor
<br />t he Mortgagor in order noire fully to protect Ore ,ccurity of this Mongapc. agrers
<br />I 'Ihal he will pay the indchicilrii a, heremlxfurc provided.
<br />"Pr i v i l Jt is reserved . t.o ray the debt , i n who l < car i n par t , on any
<br />2ri*Jt,�.li at. t lticr w, ftf;md in iii t ton"Tr�°'- month p; i%rit n'Tviiiri- in.:iP :d Ind mtere,t pa�tahlc under the terms of the
<br />note secured herehy, the Mott{tagot will pay to the Mortgagee, on life first lac of each nnmih until the ,.1141 note is fully pal& flit,
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