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<br />Phis form is used in connec-
<br />tion with mortgagee -insured
<br />MORTGAGE under the one- to four-family
<br />provisions of the National
<br />QQ ~}t,,' Housing Act.
<br />Tiffsu MORTGAGE: trade andexecuted This 31st" day of January ,A.D.
<br />f9'~ gg . , byartdtsetween' Sharon M". Merritttan, a .single person
<br />ofth~Countyirf Hall ,and State o€ Nebraska, party bf [tie first part, hereinafter called
<br />tlir Morigtigbr: and ' SUp~riar MOrCgage: Tsic.
<br />'a eorporati©n organized and existingunder [tie laws of Nebraska
<br />party ofitlie second part, tiercinafter tailed the Mortgagee; '
<br />LvfTNESSETtf: Tkiaithesaid Mortgagor, for and in consideration of the sum of Forty, Six Thousand Seven
<br />Hundred E'~f~y ~nd Na/]k0t)t~ts--------------^DO[lars (5 46, 750.00 ' ). Paid by the Mort-
<br />gagee, the recetpi a w tc is ereby ac now edged, has Granted and Sold and by these presents does ;Grant, Bar-
<br />gain, Set)i Convey- and Confirm unto -the Mortgagee, its successors and assigns, forever, the following-deSCribCd
<br />real estate."situated in the County of Ball ;and State
<br />of Nebraska; to wit:
<br />Lots Five l5}, and Lot Seven i71, Black Eleven (11),.College-
<br />Addition to bleat Lawn, an Addition to the City of-Grand Island;
<br />Hall County, Nebraska
<br />of the Sfi;th Principal Meridian, containing in all acres according to Govern-
<br />mein survey:
<br />TO HAVE AND TG HOLD the premises abttre described, with all the appurtenances thereunto belonging and ittc)uding
<br />all heating, plumbingand &ghdnghxtures and equipment mew or hereafter attached to ur used in connection with said realestate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to; amt covenants with, the Mortga-.
<br />gee, that the Mortgagor has good right to ,ell and convey said premixes; that they are.free from encumbrance; and the! the;
<br />Mortgagor willwa~rant and defend the same against the tawfui claims of alt persons whomsoever; and the said Mortgagor hers-
<br />byrehnquishes ail rigfits o[ homestead. and all martial rights, zither in law or in equity, and all other contingent interests of [he
<br />Mortgagorin and to the above-dsscritxd premises, the intention being to convey hereby an absolute title, in tee simple; inc}ud-
<br />ingatt rights of homestead; arulother rights and interests a. aforesaid.
<br />PROVIDED AL WAYS, and these presents are executed amlddivered upon the following conditions, to wit:
<br />Tlie Mortgagor agrees to pay tv the Mortgagee, or order, the principal sum of Forty Sit[ Thousand -Seven
<br />Htutdr~l Fiirtg and, No/100ths--^--------~'liars(5 46,750.00. )>
<br />with interest from Date at Ute rate of ~~Ve ,~ One-Half per centum ( 12.5 k}per annum on
<br />the unpaid fialartCS until-paid. The said prineipai and interest shall be payable at the office of Superior Mortgagee Inc.
<br />' in Grand Island, NE 68801 or also~h other $)a~e4as,.tgr~~~lderof
<br />the note maydesignate in writing. rnmonthly installment; of Four Hundred Ninety Ezght an /~1 5----
<br />--- - lAi(tars tS 448.44 ), commencing on the first day of
<br />M~z'eh- . 19 8g and on the first day of each month thereafter until the principal and in-
<br />terest are, ;f:;lly paid,. except-that chs. final payment of principal and interest, if nut sooner paid, shall be due and
<br />payable on the first day. of . Febxuary, 2013 ; alt according to the terms of a certain promis-
<br />sory note gfeven date herewith exttuted liy the said-Mortgagor,
<br />The Mortgagor in order more fully to protect the security of tMs Mortgage, ogress:
<br />1. 'that !~ wiitpay tftuittdebisdness; as hsreinbc[ore provided. Privilege is ieserved to pay the debt in whole, or in an
<br />amowu equ{tl to om or morc,monthly payments on the principal that arc ttexrdae on the-Hots, on the first day of any month
<br />Pr'mr to ~= f3tntndstl lntwever-_ Tftatwtitim notice of an intention to exercise Bitch privilege is given at least thirty (30)
<br />days prior tttMspay meat„,
<br />?. Thitt, togct)rcr >yitlt, and in, athtitiun tc~, the mwuhty payraettts of prim:ipai and tntersst-payable nratst iho tsrma of the
<br />[aria sxcurarl liereh} , the !ilruttiaBStt.wl paY W the Mortg;{gee, gnths first day of each month until the sttitfnote is fully Paid, the
<br />ftrl&+IVrn.,(t Burns-
<br />{a3 ,inr.aunt gatfirie at" rs.gtrov#le the itt~der lteti<of vrlUr funds to pay the next moxtgsge insurance peanttum if this
<br />utstsunittut tttul the note secute[l lrccreby »te insutsd,-ter a tnontldy chstge tin lfetr cif a mtrrrgtige fnsrtranre Prc`
<br />mftcnt) if shay ar.• held, tFy the 3ertttary of ifonsing artd ihban (9esxlopmrnt; as follovrs:
<br />{l} if and so Isrng as artist notrr of overt date anti this mstrunient air rnsurtd ur arc rctrtsured urnier tits itrct-
<br />vi'attna'+r! tied Natitrtnak titnisfn~ ,Act; an ainounC sufficient to aerumulatc to the hands of the [[older tote
<br />tt~inca r tan~~ tlest,~t wra;~ cony u.-w«s *,a~ svba+v +r - STRT>fi Gf~ NLf81i,kSKA
<br />rrUU ~7Si~M t9-rttt
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