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<br />„``T _ tl 0 015 7
<br />MOR'T'GAGE Thi, rorm i. a5ed in tonnes,ion
<br />with mortgages insured under the
<br />one to four-family provisions p/
<br />the National Noosing Att. -
<br />THISMt)RTGAGE.madeandexecutedthis 10th day of JanttaYY .A.D.
<br />19 gi} .byandbttwten Alan M, Kostliotci and Cynthia M. Kosttticki, HtLSbarld and Wife
<br />of the Countyuf Hail ,and State of Nebraska, party of the first pari, hereinafter called
<br />tticMertgagor, abd Superior I~rtgage, Inc.
<br />a corporation organized and existing under the laws of Nebraska
<br />partyof the second part hereinafter called the Mortgagee,
<br />W ITNESSETFi: That the said Mortgagor, for and in consideration of the sum of Th7Yty TWC} Thousand 4tJ0
<br />Hundred nifty and No/l0pths - - - - - - - - - - - Dollars f3 32,250.00 ). paid by the Mort-
<br />gagee, Ina receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar-
<br />gain. Seth Convey and Confirm unto the Mortgages its successors and assigns, forever, the following-described
<br />real estate; situated in the County of Hall ,and State
<br />of Nthraska.to wit:
<br />Lot Eleven (ll), Block Four (4), College
<br />Addition to West Iavm Addition in the City
<br />of Grand Island, Hall County, Nebraska,
<br />of the Sixth Principal Meridian, containing in ail acres according to Govern-
<br />ment survey:
<br />TO HAVE AND TO HOLD the premises ab:;;~ described, with all the appurtenances thereunto belonging anc ..eluding
<br />all heating, plumbing and lighting fixtures and equipment now ur hereafter attached to or used in wnnection with said roal estate
<br />unto the Mortgagee, and to its successgrs and assigns, forever. "1'he Mortgagor represents tn, and covenants with, the Mortga-
<br />gee, [hat the Mortgagor has good right to sett and convey said premises; that they are free from encumbraner, and that the
<br />Mortgagor will warrant and defrnd the-same against the lawful claims of ail persons whomsoever, and the said Mortgagor here-
<br />by re#inquishes all rights of homestead, and all martial rights. either in law or in eyuity, and all 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 />ingall rights of homesttad, and other rights and interests as aforesaid.
<br />RROViDED ALWAYS, and these presents are executed and deliGzred upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of ~~r q~}
<br />Tllousand'lty Hundred Fifty and No/100ths - noilara is 32,250,00 >. w>th
<br />int~reet from date nt the rote of 'j'Cp & ~cr?-n'an~er centum t 10.3 b) pez annum
<br />on the unpaid bnlartce until 1~1~$7 ' and Chezeafter at the rate of Ten and T$Y2E-QL1aLtE:Ys
<br />per can tom { 10.75 ~} per annum on the unpaid balance until paid. T~T,he said principal noel
<br />interest shall be payable at the office of 5uperitar tNOrtgage, 1.r1C. in
<br />Grand Islafld NE , or at such other place as the holder of the note may
<br />designate in wetting, in monthly installments of Two Hundred Ninety and 19/100ths - -
<br />- - _ - Dollars {S 290,19 ) , commencing on -the. first day of tv}ar~y.
<br />14 $ and on the first day of sorb month thereafter until 1/1/87 *• and-Tl'lree Hlutdred
<br />~~59j100ths - - - - - - - Dollars is 300.59 ) cotmaerccing on the first day of
<br />- Eabruary, 1987 ~•• and on the first day of each month. thereafter until the principal
<br />end ins-crest ore fully paid, except that the final payment of principal and interest, if
<br />not sooner paid, ahnll be due and payable on the.firnt day of FebY77ilYy, 2014 ,
<br />all according to the terms of a certain promissory note of even date herewith executed by
<br />the. said Mortgagor.
<br />The Mortgagor in order mare lolly to protect the security ut this Mortgage, agars:
<br />t. That ht wit} pay ttia indtbtedness, as hercinbetort provided. Privilege is reserved to pay the debt in whole, or in an
<br />atnout}t equal-to.otie or more monthly payments on the principal that art-next due on the note, on tht first day of any month
<br />prior tti.matutit}°°: Provided. hou'es'er. Thai written notice of an intention la ezereise such privilege is given at least thirty {30)
<br />stays prior to prepayltteffi.
<br />Z. Thai,. togcthtr with, and in addition ty, the ntonthfy payments of principal and interest payable under the =arms of the
<br />mstc scrgrcd hare4y, tyre 4ftirtgagar will pay to the Mortgagor, or, the-first day of each month until the saib note is fully paid, the
<br />fciltirwing suttrs;
<br />(a,)- Amount sufficient to,pfovirle the hokder tterrof with funds to ga}' the next mortgage insurance preptirtm 1f thts
<br />irtstruincn! and the note .secured hercWy are insured, or a monthly charge tin lieu afa na,rigagr in,ttrrrancc free
<br />»rluraJ if,theY 3tr held by the-Sgcretary of t{ansirg and Urban Devetopmcnt, as tol:aws;
<br />(1) ff attd so,Iottg,as_zatd note of even Gate-and thi§ instrument-are insured of art reinsuced under the pro-
<br />= vftiyi5s-of the Nati$nat h~vustng Act, ~r amount sufti'tient to aecu;rrulate in the t;ands of ells hr.tfdrr imc
<br />~, tzAzen Yang rraa t}~_ dsra ?i+~€acrt
<br />" t}'1 a~7fiii! t<e# tf[+p ,,"Sept payr>HSrt ;is ca-) -
<br />~a+, Shat Apth`t
<br />tii'Ar€ [)L N.E BnASKA
<br />t;;)4 3x'141 !§---'g~
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