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85-- 005995
<br />MORTGAGE with form Is used in connection
<br />with h mortgages insured under r the
<br />one- to four - family provisions of
<br />the National Housing Act.
<br />THIS MORTGAGE, made and executed this 3rd day of December A.D.
<br />19 85 . hyand between Larry K. Frost and Vicky L. Frosty 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 ander 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 Five Thousand Seven
<br />Hundred and b�o� ORthsh — _ _ Dollars IS a5 700.00 ), paid by the Mort-
<br />gagee, a receipt o nc is ereby acknowledged. has Granted and Sold and bye 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 Forty (40), Potash Subdivision, Hall County, Nebraska.
<br />of the Sixth Principal Meridian. containing in all nerds according it) Govern-
<br />ment survey:
<br />TO HAVE. AND TO HOLD the premises above described. with 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 represent. 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 interest its aforesaid.
<br />PROVIDED ALWA YS. and Ihese presents are executed and delivered upon the follow ingcondilions, to wit:
<br />'rhe Mortgagor agrees to pay to the Mortgagee. or order. the principal sum of Forty Five Thosuand Seven
<br />Hundred andNo /100ths--------------- -- ---- Dollar, is 45, 700.00 t.
<br />with interest front date at the rate of Eleven pet centum 1 11.0 's ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall he payable m the office of Superior Mortgage, Inc.
<br />in Grand Island, NE 68802 . oral such other place are the holder of
<br />the note may designate in writing, in monthly installment of Five Hundred Nineteen and 42/100ths ----- ---
<br />_.— �.._— __M�__ Dollars,IS 519.42 ). commencing on the first day of
<br />Februa , 19 86 . and on the first Cay of each month thereafter until the principal and in-
<br />terest are fully paid, except that the final payment of principal and interest. if not sooner paid, shall be disc and
<br />payable on the first day of January 2001 : all according to the terms of if certain promis-
<br />sory mote of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to pr(vlvct the security of this Mortgage, agrees:
<br />1. That he will pay the indebtedness, as hercinbefbre provided. P{lUdMkx¢lt7llN cboj MxloxiWxtKxfbl )Mxx t xlt
<br />AR; li a_ -z "Privilege reserved to y the debt, in whole or in part, on
<br />any;itgallmgnt t ie date."
<br />at, lope) er wit In additia nhly in;: it and interest payable under the leans of the
<br />little secured herchy, the Mortgagor will pally to the Mortgagee, A the first day of each month until the sai8 note is fully paid, the
<br />following sums:
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