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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 />p ry Housing Act.
<br />r C3~~~~~ !-~
<br />t
<br />TIiIS:MORTGAE3E; made-and executed this 28th .day of February ,A.D.
<br />19 83- ; byaniibctween Steven D. Cookerham acid Itim M. Cockerham, Husband and Wife
<br />offihe Crwntyer€ Hail ,andStafe of Nebraska, party of the first part, hereina€ter ~Iled
<br />the Mortgagor; and Super:i.br Mortgage, Inca ,
<br />a cobporation organiieil and existing under the laws of Nebraska >
<br />party of`the'secohd part; hereinafter calved the Mortgagee,
<br />tYITNESSETB: That the said Mortgagor, for and in consideration of the sum of Forty .Six Thousand One
<br />Hundred Fifty -and 416/100ths--------------- Dottars {$ 4 ~~ 550.00 ); paid by the Mor[-
<br />gagee~-the receipt of which is hereby acknowledged, has Granted and Sold and ~}/T1"iese presents does Grant,. Bar-
<br />- gain, Salt:. Convey- and Confirm unto the Mortgagee, its successors and- assigns, forever, the foltdwingdescit6ed
<br />realestate, situated in the County of Hall ;and State
<br />of Nebraska; to wit-.
<br />Lot Fifty Nine (59), in Castle Estates Subdivision, Hall
<br />County, Nebraska
<br />of the Sixth Rincipal Meridian, containing in all acres according to Govern-
<br />ment sun~ev:
<br />TO HAYS AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and ineladiug
<br />all heating, ptumbingand lighting fixtures and equipment now or hereafter attached to ur used in connection with said real-estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants with, the Mortga-
<br />gee, chat the ?vortgagor has good right to sell and convey ,aid premises; that they aze free from encumbrance; and that the.
<br />Mortgagor will wattant and defend the same against the lawful claims of all persons whomsoever; and the said Mortgagor here-
<br />by rdirtryuishesall rights of homestead, and all martial rights, either In law or in equity, and a-! other contingent interests of the
<br />Mortgagor in and to the above-described premises, the intention being to convey hereby an absolute title, in fee simple, includ-
<br />ing-all rights of homestead, and other rights and interests as aforesaid.
<br />?ROYlDED ALWAYS, and these presetns are executed amt delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the prinr:ipal sum of Forty Six Thousand One
<br />Iltutdrfld Fifty and No/100ths------ ~lazs(~ 46,150.00 ),
<br />with interest Gom date at the rate ut Thirteen and One-Half per eentum ( 13.50 ?6}per annum on
<br />the unpaid batanrx until paid. The said principal and interest shall be payable at the office of Superior Mortgagflr 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 Twenty Eight and 61/100ths----
<br />----^^-- [ktllars { 528.61 ), commencing on [he first day of
<br />April , i9 8~ , and on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except. .that the firwl payment of principal and interest, if not sooner paid, shall be due and
<br />payable on the first dayof Marohr~ 20~ ;all according to [he terms of a certain promis-
<br />sory note of even date herewith executed by the card Mortgagor.
<br />The Mortgagor in order more fatly to protect thr security of this Mortgage, agrees:
<br />1. That he wi0 pay the indebtedness. as hereihbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount egrtal to one or moro-monthty payments on-the principal that are next due on the note, on the first day of any month
<br />prtor to maturNy: Provided, however, Tharwritten notice of an intention to exercise such privilege is given at least thirty (30)
<br />days prior to preitayrnent.
<br />?. That, toRethu with,-and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />note secured, hyEeby, the.Mortgagur wit! pay to the. Mortgagee, un;he first day of each muntiruntil the saiitaote is fully paid, the
<br />following stops:
<br />(a} Amowu wfficient to putvide the holder hereof with funds err pay the next mortgago inwraucc prenuum iC this
<br />instrunteitt end- the twee secured hereby are inwred, or a monthly charge /itt tfeu of a au~trgage insurance ptp-
<br />miura/ it=they' are held by the Secretary of Ffousing and Urban i~avelopntent, as follows:
<br />f t} tf and sa lrntg as said cute of even data and this instruum'nt arc msurc;d or arc rainsuted under the pru•
<br />vtsiotts of the `National }fous#ng Act, an amount sufticient to acaumutate in the itattds of the holder wee
<br />Rsvt+ca FttA3t~3M r,M,df mix W u>.ei untt3 supply aexhau.r.a YTATF {1F NIs'HIt:Afi1C11
<br />Mitis~9Yt43M t8-')81
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