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This form is used in connec- tion with mortgages insured MORTGAGE under the_ one- to four - family provisiAs "of the National Housing Act - THIS MORTGAGE, made and executed this 15th dayof February A.D. .19, W- byandbetween Loretta A. Lockhorn, a single person of the;Gvunty of Han and State of Nebraska, party of the first part; hereinafter Called the Mortgagor and Superior. Mortgage, Inc. avorporation organized and existingunder the laws of Nebraska party.of the second part. hereinafter called the Mortgagee, WfTNESSETH: That the said Mortgagor, for and in consideration of the sum of Twenty Seven Thousand Five Hundred - Fifty and No /100t hs---------- - - - - -- Dollars ($ 27,550.00 ), paid by the Mort- gaget, the - receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar- gain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns, forever; the fotlowingdeseiibed real-estate, situated in the County of Hall and State of Nebraska, to wit. Lot Four (4), in Block Seventeen (17), Ashton Place Addition to the City of Grand Island, Hall County, Nebraska, except the Southerly 7.0' thereof. of the Sixth Principal Meridian; containing in all mentsurvey: acres according to Govern- TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said reatestate unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants with, the Mortga- gee, that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance; and that the Mortgagor will warrant -and defend the same against the lawful claims of all persons whomsoever; and the said Mortgagor here- by relinquishes all rights of homestead, and all martial rights. either in law or in equity, and all other contingent interests of the Mortgagor in and to the above- described premises, the intention being to convey hereby an absolute title, in fee simple, includ- ing all rights of homestead, and other rights and interests as aforesaid. PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit: The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Twenty Seven Thousand Five Hundred Fifty and No/ 100ths ----------------- ollars($27,550.00 ), with interest from date at the rate w Twelve per centum ( 12.0 %) per annum on the unpaid balance until paid. The said principal and interest shall be payable at the office of Superior Mortgage, Inc. in Grand Island, Nebraska or at such otherplace s the holder of the note may designate in writing, in monthly installments of Two Hundred Eighty Three an 38�100ths -- - - -- ----- ____�__ —w�_� Dollars t$ 283.38 ), Commencing on the first day of April , 19 83 , and on the first day of each month thereafter until the principal and in- terest are fully paid, except that the final payment of principal and interest, if not sooner paid, shall be due and payable on the first day of March, 20 13 all according to the terms of a certain promis- sory note of even date herewith executed by the said Mortgagor. The Mortgagor in order more fully to protect the security of this Mortgage, agrees: I- That he will pay the indebtedness. as heteittbefore provided. Privilege is reserved to pay the debt in whole, or in an amount eq* to one_ or more rourrthty payments in the principal that are next due on the note, on the first day of any month Prior to tnaturily: Provided, however, That writteat notice of an intention to exercise such privilege is given at least thirty (30) days prior to prgo -meat. That, together with; and in addition to, the monthly payments Of principal and interest payable under the terms of the note secured hereby, the Mortgagor will pay to the Mortgagee, tin the first day of each month until the saitl note is fully paid, the following stints- (4) .Amount.satffrciefit toprovole the holder Itemuf with funds to pay the next mortgage insurance premium it this instrument Taut the note socuted- hereby are insured, or a monthly charge (in here of it mortgW inrtermer pre - mitmn/ if they rtrafwd by the Set,*retary of Housing and Urban Develapment; as follows: 11) if and sv long as said note of even date and this instiurnent ate insured or are reinsured under the pro - viawinis Of the National Housitillt Act, an- amount sufficient to accumulate in the halms of the holder one Rnovx t f HA V44M wash mn tx.vwd. r nto tngq+,y avot"Sled +`TATS O NEktR"KA HUD 92 €43M t9 -39)