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<br />
<br />MORTGAGE
<br />This form is used in connec-
<br />tion with riwrtgagea insured
<br />under the one- to four-family
<br />provisions of the National
<br />Housing Act.
<br />"With deferred interest and increasing
<br />titont t>ly installments"
<br />THfS h10RTGAGE. made and executed this 19th day of January .A.D.
<br />14 g3 ,by and between Richard T. Placzek and Lynell L. Placzek, Husband and Wife,
<br />of the County of Hali .and State of Nebraska, party of the first pan. hereinafter called
<br />thaMortgagor,and Superior Mortgage, inc.
<br />a corporation organized and existing ender the laws of Nebraska
<br />par[yof the second part. hereinafter called the Mortgagee.
<br />WiTNESSETH: That the said Martgagor, tar and in consideration of the sum of Forty Seven Thousand Five lhtndred
<br />and No 11 QOt hs--------------- - f)ollars ($ 47 , 500.00 1, paid by the Mort-
<br />gagee: Efie recetpi of which is hereby acrnowtedged, has Granted and Snld and by these presents does Grant, Bar-
<br />gain. Sell Canvey 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 Nebras~a, to wit:
<br />Northwesterly 20 feet of Lot 19, BLock 3, of Second Addition to Holcomb's
<br />Highway Homes Subdivision, a subdivision of a part of the NE~NE~ and a
<br />part of Lat 4 Mainland, ir3 Section 28, Township 11 North, Range 9 West
<br />of the 6th P.M., Hall County, Nebraska, said tract being described as
<br />starting at a point where corners of Lots 19 and 20 in said Block and
<br />addition meet and abut on Brahma Street, thence southeasterly along the
<br />front lot line of said Lot 19 a distance of 20 feet, thence southwesterly
<br />and Parallel to the lot line between said Lots 19 and 20 to the place
<br />where said line intersects with the rear or southwesterly lot line of said
<br />Lot 19, thence northwesterly along said real let line of said Lot 19 a
<br />distance of approximately 20 feet to the westerly rear corner between said
<br />lots 19 and 20; thence northeasterly and along the line between said Lots
<br />14 and 20 a distance of 140.5 feet, to the place of beginning. Also Lot
<br />Twenty (20) in Block Three (3) in Second Addition to Holcomb's Highway Homes
<br />Subdivision, both Lots being in the NE3r,NEiv of Section 28, 'township 11 North,
<br />Range 9 West of the 6th Y.M., Hall County, Nebraska
<br />of the Sixth Principal Meridian, cunteimng in a,l acres according to Govem-
<br />menisurvev:
<br />TO HAVE AND TG HGLU the premises abort drscnbed, wuh a31 the appurtenances thereunto belangirtg and including
<br />tdt heating. plumbing and lighting iixturss and equrpmrnt now ar hereof ter attached to or used in connection with said real estate
<br />unto [he Mortgagee, and to itti successors and assigns. forever. 'fhe Mortgagor represents tu, and covenants with, the Moriga-
<br />gee, that the Mortgagor has gaud right to ~eii and convey slid preimses; chat they are free from encum6ranrx; and that the
<br />Martgagor will warrant and defend the same against the lawful claims u# all persons whomsoever, and the said Mortgagor here-
<br />txy-relinquishes ai! rights of homestead. and all martin! rights. either in law or inequity, and all other contingent interests of the
<br />Martgagor in and tal the abvve-describe) premises. the intention hung to ce:nvey hereby an absolute title, in fee simple, includ-
<br />ing all righ€s of homestead. and other rights.+nd rnierests as aforesaid.
<br />PRt?t1DED AI.WAl'S, and these presents ate executed and delivered upon the following conditions, to wit:
<br />The Mong,igar agrees to pay to the M.?rtgagre, ar order, the principal sum of Forty Seven Thousand Five
<br />Hundred and No/200ths----------------- Dottars($47,500.00 ).
<br />watt atierest from date at the [etc vt Twelve tier centum ( 12 `l~) per annum on
<br />[he unpaid ti'alanre until paid. The said principat and imrrest .halt he payable at the office vi Superior Mortgage, Inc .
<br />m Grand Island, Nebraska 68801 , or at surh other peace as the holder of
<br />thenotrmaydesignateinwriting.inmonthlyinstailmentsof (According to Schedule A on said note)
<br />~R t, cammenc-utg on the nest day of
<br />March , iq g3 , and vn the first day of ra. h month thereafter until the principal and in-
<br />trrest err fatty paid. except that the final payment of principal and interest, if eat sooner paid, shall be due and
<br />payable on the first da y ui February 2013 , al! according to the terms of a certain promis-
<br />suryrxxeafevendateherewithexrcuted6ythrsaidMortgagur. (deferred interest shall be added to the principal
<br />l~si~~~ monthly and s#a~l i~acr ase the it~i al balance to not more than $51,238.64)
<br />r. gagor to or r more fu y c+ pry rct tie secunty afpt~iis : urtPgage, agrees:
<br />!. "fhsst"he wilt pay the indebtedness. as hereinbefore provided. f'rivilegr is reserved m pay the debt in whale, or in an
<br />amount equal to one or mom momhfy payments on the principat. that are next due on ihr Wore, on tfie first day of any month
<br />prior to maturity: E"rugided, however, ~l'turt wrt[ten notice of an intrnuan to exercise such privilege is given at teas( thirty (38)
<br />days prier to ptepaymeut,
<br />'!`hat, tttQetlmr with. and-in addition u,, the monthly prey meets of principat and imerest payable uruler the terms of the
<br />nsrte seeucttf ~tcby, the Mar#ut will psk to the Mortgagee. un the first day of each month until the saitl note is fuilY paid. the
<br />fs+ifouirtg siti€ig: -
<br />(al Am+wnr-set##wcienr ro pravyde t3te ttrrfder ltereetf with fends to pay the next rnartgagri lnsurancs premium ii this
<br />irasurtatm cart! zeta Wort, ser-ttred hereby ors insured, ur a iminthly charpr /in flee of a niort}tgge insunrrrcr pre-
<br />ntiuerr; iP Eltry grc 1[e!d by tfte Sec~ettsry of Hnetstrrg and (!r#san Clevrfaptrtent, as fti#lnws:
<br />fIs ti ais~t so i+irag xs sa,+s a.?i~ st ~seo d;ir- arm thr~ uzstsvsn:nt arx :nmtired ;ri sir reinsured tuedet the pro-
<br />v13iSRt€ cif the"PFa€3uaat }iotishtg Arf. iui atnrxmt satffi~cnt to accstmiitate iri the hands of ihr holder ema
<br />i°Ta'f`~G+~ trluit~A.s'lf.A
<br />Nx~+as~rt p eels-: ; d~ha u`tscn "ior+i bi+ :~+n;t stty z: e.;;.....; ~;
<br />tti;tT-5?FA7M itiT91
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