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<br />Phis form is used in connec-
<br />>• ~ ~ i•! ~1 tion with mortgages inatued
<br />MORTGAGE under the one- to four-family
<br />provisions of the National
<br />Hotising Act.
<br />8~3~C~U,~1~
<br />THIS 1vfORTGAGE, made and executed this 24tYi day of Febrtiary ,A.D.
<br />19 83 ,byandtietiveen Richard R., Jensen and Sharon K. Jensen, Husband and Wife
<br />of the"County of ga1T ,and State of Nebraska, party of the first part, hbieinaffer caged
<br />the 14fortgagor; arrd 'Superior- Mortgage, Inc.
<br />acotporation organized and existing under the laws of Nebraska ,
<br />party of the second part, hereinafter called the Mortgagee,
<br />WtTNESSETH: That the said Mortgagor: for and in consideration of the sum of Forty Four Thousand Seven
<br />HUridred-Fifty and No7100ths------------- Dollars t5 44, 750.00 ), paid by the Mort-
<br />gagee. ffie receipt of which rs hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar-
<br />gain; -Belt, Convey and Confirm unto the Mortgagee, its successors and assigns, forever,- the following-descriGed
<br />real estate, situated in the County of Hall ,and State
<br />bf Nebraska, to wit:
<br />Lot Twelve (12),' in Block One (1), in Sothtnan's Subdivision in the
<br />City of Grand. Island, Hall Cotmty, Nebraska
<br />of the Sixth Principal Meridian, containing in all acres according to Govern-
<br />ment suroev:
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and fighting fixtwes and equipment now or hereafter attached to or used in connection withsaid real estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants with, the Mortga-
<br />gee, that the Mortgagor has good right to set! and convey said premises; that they are free from encumbrance; and that the
<br />Mortgagor will warrant and defend the same against the lawful claims of ;ell persons whomsoever; and fire said Mortgagor here-
<br />by relinquishes all rights of homestead, and all martial rights, either in law ar in equity, and alt other contingent interests of the
<br />Mortgagor in and to the above-described premises. the intention t+eing to convey hereby an absolute title, in fee simple, includ-
<br />ingall rights of homestead, and other rights and interests as aforesaid.
<br />P$OV IDED A LWAYS, and these presents are executed amt delivered upon the fallowing conditions, to wit:
<br />?he Mortgagor agrees to pay to the Mortgagee, ur order, the principal cunt of Forty Four Thousand Seven
<br />Hundred Fifty and No/100ths---------- Dollars t~ 44, 750.00 ),
<br />with interest Prow date at the rate ut Twelve per rentwn ( 12.0 'Jo) per annum un
<br />the unpaid balance until paid. The sail pri^cipal and interest 3haf1 be payable at the office of Superior Mortgage, Inc .
<br />in Grand Island, NE , or at such other place as the holder of
<br />the note may designate in writing, in monthly ins[atlments of Four Hundred Sixty and 30/100ths-------
<br />~__~_____~_____ Dollars (5 ~60 3g, ), commencing on the first day of
<br />April , t9 83 an on flee rest day of each month thereafter unfit the principal and in-
<br />terest are fully paid, except drat the final payment of principal and interest, if nut sooner paid, shall be due and
<br />payable on the first day of March s 2013 ;all according to the terms of a certain promis-
<br />sory nose of even date herewith executed by the .aid Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />1. That he will pay the indebtedness, as hereinbefure provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to one ar more monthly payments on the principal that are next due nn the note, on the first day of any month
<br />prior to maturity: Rovidetl, hewer°er, That written mrtire of an intention w exercise such privilege is given at least thirty (30)
<br />days priorto{trepayment:
<br />?. `that, tgge(her with; and ip addition tu, the monthly payments of prnncipal and interest payable under the terms of the
<br />note secured,here6y,fhe Martgagtu will pay to the Mortgagee, on the first day of each month until the saiU note u fully paid, the
<br />following sums:
<br />(a) Arnuwn suftident to provide the holder hereof with funds to pay the ^ext mortgage insurarrce premium It this
<br />instrument acid the note secured hereby are insured, or a monthly cfrarge (in lieu eJa mortgrgr insuranr~e are-
<br />netunrJ if They are held by the Se::retarv ofifiousing and Urban fkvclopntrnt, as follows:
<br />(1) If and so long as surd Date of errrx dare and this instrument mr insured of arc rrnrsurrd under the pr~-
<br />visions tsf the Na€iottal llaushig Act, an amouru sufticirnt to aecumutate in the hands of the holder utte
<br />~"f ATt•, f yt' N B13RA$KA
<br />Rapipcaa rN A~7ta]M which irteY W uaetl unt+t tuVp7Y +a exhgusfert HUb-tt2it~M f9-7At
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