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<br />MORTGAGE
<br />~~ V;U~~ d
<br />This form is used in connec-
<br />tion with mortgages insured
<br />under the one- to four-family
<br />provisions of the National
<br />Hottsing'Act.
<br />TfflSbft3RTGAGE,madeandexecutedthis 28th -dayaf February ,A.D.
<br />t9'' 83 .by'adtfbetween Benjamin li: Olson'arid Jul"ie A: Olson, Husband acid Wife,
<br />ofxhe Cauntyof Ha11 ,arid Slate of Nebraska; party ofthe first part; hei•6itiafter called
<br />fhe'Mortgagorartd Superior Mortgage, Inc.. ,
<br />a corporation organized and existing•under the laws of Nebraska
<br />patty of the 5ecdnd part, hereinaffer called the Mortgagee:
<br />WITNESSETH: That the said Mortgagor, for and in consideration of cite sum of Forty Seven'-Thousand -Five`
<br />Hundred and NO/ 100ths~------------------- Dollars (S 47 , 500: QO ), paid by'tlie'Moi•t-
<br />gagee, the- receipt of which is hereby acknowledged, has Granted and Sotd and by these presents does .Grant, -Bgr-
<br />gain, Selk Convey- -and Confirm 'unto the Mortgagee, its successors -and assigns, foreverr the following-desrn'beil
<br />real estate, sittYated in the County of Hall , aitd Ste e
<br />of Nebraska, td wit:
<br />Lot Thirty One (31), in Castle Estates Subdivision, Ha11
<br />County, Nebraska.
<br />of the Sixth Principal Meridian, coniaining in all acres according to Govern-
<br />ment survey:
<br />TO HAVE AND TO HOLD the premises above described, with alt the appurtenane:es thereunto betongittg and itteittding
<br />aft heatipg, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said !sal estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Martgargor represems to, and covenants with, the Marlga-
<br />gee, that the ;worgagor has good right to self and convey said-premises; that they aze free from encumbrance; and Ihatthe
<br />Mortgagor Witt warrant and defend the lama against the lawful claims of all persons whomsoever, and the said Mortgagor here-
<br />by relinquishes all rights of homestead, and cell martial rights, either in taw or in equity, and all other contingent interests of the
<br />Mortgagor i» artd 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 />PROVIDED ALWAYS, and these Presents are executed and delivered upon the fulluwingconditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgtget, or ardor, the principal sum of Forty Seven Thou sand Five
<br />Hundred and NOJ100ths-------------------- tAiltars(S 47,500.00 >~
<br />with interest from date at the rate ut Thirteen 5 One-Half per xntum( 13.5 ~) per annum on
<br />the unpaid balance until paid. The said principal and interest shalt be payable at the office of Superior Mortgage, ins .
<br />in Graced. Z sland, Nebraska , or at such other place as the holder of
<br />the note may designate in writing, in montMy instaiimenis of Five Hundred Forty Four and 07/100ths-----
<br />~_~_,.______ Dalhtrs fS 544 , 07 ), commencing on the lust day of
<br />April • 19 83 , artd on the first day of each month thereafter anti! the principal and in-
<br />terest are fully paid, except that the final payment of principal and interest, if nut sooner paid, shall be due artd
<br />payable an the first day. of Ma=ch, 2013 ;all according,-tu the terms of a certain promis-
<br />sory Hate of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in ardor mare fully to protect the aecuri[y of chi. Mortgage, agrees:
<br />I. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount egt~l to one or more monthly payments on the prnmipal that are next due un the note. an the first day of any month
<br />prior to Y: Ptoridcd, however, That writsen m~tict of nn intention to exercise such privilege is given at least thirty (30)
<br />days prior ioprcpayment_
<br />'_. That, togethea with, atniin-addition ta, thG munthty paytnenU of pritrr:ipal and interost payabk under the terms of the
<br />oats secutt:a! herehy, the hfartgagex Witt ply to the Mortgagce, on the fast day of e>sch month until rho sai21 mote is fully paid, the
<br />following ssitns:
<br />(a) Atnuunt autpuic»t to provide ihn holder hereof with fonds to pay the next maregage i.•tsuraneo prenuuru if this
<br />insuunrent and the note serurcd hereby ass insured, ar a monthly charge jin lieu ofa mrrrrgage i»srrrcncr pre-
<br />r»ruml iC they are held by the Secrctar+,+ of }dousing a»d ihban t;kvclopment, as fc>jlow~s:
<br />f 1) It and sa lacy! aY sod tiatp of eweri daR and thts urstrunhent etc tttsured ar are reinsured under the pra-
<br />viaiit»b of the Natprmal tk~usutg Act, an amount suflrcient to accmnulate fn the hands of the holder fate
<br />Rw++aa o-eta 1t+13gr.,a+cer+++w tN wvft ueNt wryaey n a+4+aartrQ :iTATIi OF NIsJ31&191CA
<br />e b't HUp9214~R1 f9-79t
<br />• -1 s' i >
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