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$5— 046305
<br />MORTGAGE This form rt is used in connection
<br />with mortgages insured under the
<br />one- to four-family provisions of
<br />the National Housing Act.
<br />THIS MORTGAGE, made and executed this 20th day of December A.D.
<br />19 85 , by and between Mark J. Malmer and Kim L. Malmer, Husband and Wife
<br />of the County of Hall . and Stale 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 />WITNF.SSETH: That the said Mortgagor, for and in consideration of the sum of Fifty Nine Thousand
<br />Thousand
<br />Six Hundred. and No /�100t�hs - -- -- - Donors 45 5%,15T.00 i. paid by the Mort -
<br />gaagee, the receipt o whtc t. ereby acknowledged, has Granted and Sold an v t ese presents dues Grant, Bar-
<br />gain, SOL Convey and Confirm unit) the Mortgagee, its successors and assigns. forever. the following- described
<br />real estate. situated in the County (if Hall and State
<br />of Nebraska. to wit:
<br />Lot Three (3),'in Block Four (4), in Normandy Estates, an Addition to the
<br />City of Grand Island, Hall County, Nebraska
<br />of the Sixth Principal Meridian. containing in Al acres according to Gosern-
<br />ment +Urtev:
<br />TO HAVE .AND TO HOLD the premise, abose de ,crihed. with all the appurtenances thereunto belonging and inciudirg
<br />all heating. plumbingand 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, forcver. the Mortgagor represents to, and covenams with, the Mortga-
<br />gee- that the Mortgagor has good right to sell and convey said premises: that they are free from encumbrance: ,ind that the
<br />Mortgagor wdl warrant and defend the same against the lawful claims of all per.on% whomsoever: and the said Mortgagor here-
<br />by relinquishes all rights of homestead. and all martial rights, either in law or in eganty. and all other contingent interest, of the
<br />Mortgagor in and to the above- described premise., the intention tieing fro conNeN hcreh% an absolute title, 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 aeon the follow ing conditions. to wit
<br />The Morigaagor agrees to pay to the Mortgagee, or order. the principal sum of Fifty Nine Thousand Six
<br />Hundred and No /100ths ---- 59, 600.00 1.
<br />with interest from (tali: at the rate ot Ten and One—half pee centum 1 10.5 ` I per annum on
<br />the unpaid balance until paid. The said principal and interest shall ha: pa ahle at the office of superior Mortgage, Inc.
<br />in Grand Island, NE 68802 . of at such other piacc as the holder of
<br />the note may designate in writing, in monthly installments of Five Hundred Forty -five and 18 /100ths —
<br />_ Dollars f, 545. 8 t. cot imencing on the first day of
<br />J :'f.tSrt]dLY �_ y 86 . and nn t
<br />IF fiat dati of each month thereafter until The principal and in-
<br />terewt are fully paid. c%cept that the final payment of principal and intrre,t. if not sooner paid. shall he due and
<br />Payable on the first day of Janusxy 2016 : ,all ,according to the terms of a certain proink-
<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 />1. That he will pay the indebtedness, hcreinhcfore provided.
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<br />xx "Privi is reserved to pay the debt, in whole or in part, on
<br />L at{ny :instaliment due date.."
<br />That). together with. and in add il n ontM principal and intcr•st pm able under the icrors of the
<br />note secured herchy. the Mortgagor will pay tai the Mortgagee. nn the first dais of each month until the said note is fn11v paid, the
<br />following sums;
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