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<br />I
<br />
<br />MORTGAGE
<br />
<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 />Housing Act,
<br />
<br />83-'/01700
<br />
<br />l1HISMORTGAGE.made'and executed this 7t h day of April
<br />19 83 ,l>yan(f'between John C. Stinson and Sue A. Stinson, Husband, and Wife,
<br />
<br />,A,D,
<br />
<br />oftbe.Countyof Hall
<br />theMortgagor,a'lld Super.ior Mortgage, lITe.
<br />
<br />, and State of Nebraska, party ofthe first part, hereillafterealled
<br />
<br />a corporation organized and existing under the laws of Ne bra ska
<br />party of the second part. hereinafter called the Mortgagee,
<br />
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Fifty Nine Thousand and Ni:J/IOOths--
<br />________________________________________ Dollars ($ 59,000. 00 ), paid by the Mort-
<br />gagee, the rece.pt of which IS hereby acknowledged, has Granted and Sold and by these presents. does Grant, .Blli'-
<br />gain, Sell, Convey and Confirm unto the Mortgagee; its successors and assigns, forever, tb'e following-descrilied
<br />real estate, situated in the County of Hall ,and'Siate
<br />of Nebraska, to wit:
<br />
<br />Lot Six (6), Nottingham Estates Subdivision, an Addition to the City
<br />of Grand Island, Hall County, Nebraska
<br />
<br />of the Sixth Principal Meridian, containing in all
<br />ment survey:
<br />
<br />acres according to Govern.
<br />
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances tbereunto belonging and including
<br />all heating, plumbing and lighting lixtures and equipment now or hereafter attached to or used in connection with said reaii!State
<br />unto the Mortgagee, and to its,successors and a..igns, forever, The Mortgagor represents to, and covenants with, the Mortga-
<br />gee, thllt the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance; and tb;at thl:,
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever; and the said Mortgllg(j[ h~e-
<br />by relinquishes all rights of homestead, and all martial rights, eilher in law or in equity, and all other contingent interestso! the
<br />Mongagorin and 10 theabove-described premises, the imenti,," being to convey hereby an absolute litle, in fee simple,includ-
<br />ingall righls of homestead, and olher righls and interests as aforesaid,
<br />
<br />PROVlDED AL WA YS, and these presenis are c secuted and delivered upon lhe following conditions, 10 wit:
<br />
<br />The Mortgagor agrees to pay to the Mortgagee, elf order, Ihe principal sum of Fifty Nine Thousand and No/lOOt hs--
<br />________________________________ Dollars ($ 59,000.00 ),
<br />
<br />with interest from date at the rate 01 Twelve per L~ntum { 12.0 %) per annum on
<br />the unpaid balance until paid, The said principal and interest shall be payable at the office of Superior Mortgage, lne.
<br />
<br />in Grand Island, NE ,or aHlI,I;h,\llhq place as the holder of
<br />the note may designale in writing, in monthly installments of Six Hundred Six and 815/1 uOtns------.,.-.,--.
<br />______________.,.______ Dollars ($ 606.88 ), commencing on the first day of
<br />June ,19 83, anu on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, escept that the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on Ihe first da~ of Ma y 2013 ; all according 10 the lerms of a certain promis-
<br />sory note of even date berewith exe~uted by the said Mortgagor,
<br />
<br />The Mortgagor in order more fully to protect the seclIrity of Ihis Mortgage, agrees:
<br />
<br />l. Tlu\tbe will pay the indebtedness, as hereinbefore provided, Privilege is reserved to pay the debt in whole, orin an
<br />amolUll. e'l\lal to.onec.llr more monthly payments on the principal that are next due on Ihe note, on the first day of any month
<br />prior to malw-ity: l'rovidQd, however, That wrinen notice of an inlontion to exercise sllch privilege is given at least thirty (30)
<br />days prior to,Pfe~.Yment.
<br />
<br />2. That, to~tl\t;[ witlJ. alJd}n a4dili,?" W, the, monthly payments of principal and interest payable under the terms of the
<br />note securedh~ret>y', the, M:9r1galWr will pay to tbe Mortgagee, on the first day of each month until the sail! note is fully paid, tbe
<br />followiqg sultls: '
<br />
<br />(a.> Amount sufficient to provi* the holder hercofwith funds to pay the next mortgage lnsutancc premium if this
<br />instrulMlltlllld the! nOle secumd helcby are insured, ora mOllthly charge (in lieu of a mot/g. imul'lUlu pre-
<br />mium) if tb",..-a." befdby lit<: Sc-rretal)'ofHOOsing and llrhan Dcveh'pmcnt, as follows:
<br />
<br />(I) ff and so long a:i ~H.l qvh' vI' even date and: tillS 1niitrulHJ.:iH :.HC Ul:iUI\'~d (It JIC H:ins.ulcJ under ,he pro~
<br />'isiOllsof th" NaUonw Uou!!ng Ad, an amoont "ufflci.nt to accumul3l.e In tho hands or the holdel one
<br />
<br />Ropllit.'"fl H1A.<l14Jh4."Idl~ NUMduntU !jtl~~v,it.~u.o
<br />
<br />STATEm'NIWBASIi.A
<br />"UD'1l1143M 19.191
<br />
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