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I This form is used in connec-
<br />tion with mortgages insured
<br />MORTGAGE under the one- to four-family
<br />provisions of the • National
<br />Housing Act.
<br />83:..~ ~)~i07 ~
<br />TEAS`MORTGAGE,niade=anitezecuted-this 16TH- dayof February ;A:D.
<br />14` g3~ ; byandfietween' Michael C: Erickson' and Lori. B. Erickson, Husband- and Wi'i•e,
<br />of the-Gounfy of Hall ,and State of Netaraska, party pf thefirst pazt, hereinafter Gaffed
<br />Ehef±~IortgSgbr,-and Superior Mortgage, Inc'.
<br />aebrglorationdrganizeilaitd.ezistingnnderthe'lawsof~ Nebraska - -
<br />paity of ttie'secon8 parts Hereinafter zalled the Tvfortgagee;
<br />VVfTN£SSETH: That-the said Mi+rtgagot, far and in consideYatiori of the sum of Fifty Thou sand and No /i OOt hs----
<br />_________________________ Dollars (S 50 000'.00 ): paidbgtHe Mo`it-
<br />gagee; the -receipt of which is hereby acknowledged. Has Granted and Sold and fiy these presents does Grant, Baz-
<br />ghiti, Sell; Cahvey and Confirm- unto the- Mortgagee, its soccessors= and assigns, forever, this following=descrilf~d
<br />real estate, situatetii is the County'of Hall ;and State
<br />of`Nebr9skai to wit:
<br />Lot. Eighteen (18), Eagleta~od Acres Subdivision, Hall County,:
<br />Nebra ska.
<br />of the Sixth Principal Meridian, containing in all acres aCCOrdiRBto Govern
<br />mentsurvey:
<br />Tt? EfAV:E AND TO BOLD tbe premises above described, with sll the appurtenances thereunto betongiltg aRd inclrtding
<br />aU heating, plumbing and lighting fixtures and equipment now ur hereafter attached W orused in connection withsaid realcstate
<br />unto the hfortgagee,.and to its successors and assigns, forever. The Mortgagar represents to, and covenants with,~the;tda[tga-
<br />gee, that the Mortgagor has good right to self aad convey said premises; that they are free from epcumhranc.+;, and tltatthe
<br />Mortgagor will warrant and defend the same against the lawful claims of aft persons whomsoever, and the said Mortgagor here-
<br />by'retfnquishes altiigMs of homestead, and-all martial rights, either in law or in equity, and all other contingent in[erosts of the
<br />Mortgagor ire and to the above-described premises, the intention being iv convey hereby an absolute title; in fee simple, inolUd-
<br />irtgalt rights of homestead, and otherrights and inttres[s as aforesaid.
<br />PROVIDED r1LWAYS, and these presents are executed and delivered upon the fottowingconditions,,towit:
<br />The Mortgagor agrees to pay to the Mortgagee, ur order, the principal suns of Fifty Thou sand. amd N.a/100t;ft&----
<br />----------------..-_________,____ Dollars (S 50, 000.00 ).
<br />with interest from dace at the rate ut Twelve per centum ( .12.0 ~) per anntun on
<br />the unpaid balance until paid. The said principal and interest shall be payable at rht office of Super for Pfor tgage, Inc .
<br />in Grand Island, Nebraska , or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Five Hundred Fifty and 54/100ths------
<br />____________________ _ _ Dollars tb 55 5 ), commencing on the first day of
<br />April- . 19 gg ,and fin the first dayof each month thereafter until the principal and in-
<br />terest are;fpHy paid, except. that. the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on the first day of March, 2 0(13 :all according to the terms of a certain promis-
<br />sory note of even date herewithexecuted by [he said Mortgagor.
<br />The Martgagar in order more tullg to prated the security of this Mortgage, agrees:
<br />t. 'chat he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whale, or in an
<br />amount equal taone or mars monthly payments vn the principal that arc next due on the note, on the firer day of'any month
<br />prior to manuity: Provided, howeytr, That written nutke of an intention to exercise such privilege is given ut least thirty (30)
<br />days pFloravp[epayment.
<br />2. ThaS, ti~gethar with, atxtl,n addition Iv,, i#IC ntuntfdy payments of principal and interest payable under the terms of the
<br />note secured hetefzy, rite 4f attgagtx wilt pay tq the,Mcxtgagce, on the first day ut each month until the sai7f mue is fully paid, the
<br />following stii(~;
<br />(a) Amauni•sufllcintt iv provide the holder hereof with funds tv pay the next ntartgage insurance premiwu if this
<br />instrununt and the irate secured hereby are insurotl, yr a mvntfdy charge (in Lieu of a mortgage iresuronce pre-
<br />miterit/ ifthey are'irefd by the SCcretary uF lfousingand tleban Devraapntent, as folbws_
<br />tl) ft acrd sc• fogy a= sold ,jute ui eeeu Sate a»d than uuttument arc uisured cx arc iemsuted under the pru-
<br />~~istons of the IUatierlral Housing Act; an amount suffit7ent tv accumulare in the bands of tltr: hutdet Otte
<br />+t.otawc er r ten-3 t43t1 vel,.et, new us :r>rv antic tvau}v :s r~t+ia,strsrt S'i`ATIs i,1F' NiyHfiAkTl4A,
<br />Nut3~9~ra3M t9~79!
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