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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-d0170€
<br />
<br />TIIISMORTGAGE,madeandexecutedthis 8TH day of April
<br />]9 83 ,byandbetween Karla Jean Pfenning, a single person,
<br />
<br />,A,D,
<br />
<br />of the County of Hall
<br />me Mortgagor, and Superior Hortgage, Iilc.
<br />
<br />, and State of Nebraska, party of the first part, hereinafter c;lIle'd
<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 ,aid Mortgagor, for and in consideration of the sum of Forty Five Thousand and No/lOOths--
<br />______________________________________ Dollars ($ 45,000.00 . ), paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, ,Bar-
<br />gain, Sell. Convey and Confirm lInto the Mortgagee, its sllccessors and assigns, forever, the' following-described
<br />real estate, sitllated in the County of Hall ,and state
<br />of Nebraska, to wit:
<br />
<br />Lot Six (6), in Walker's Subdivision, an Addition to the City of
<br />Grand Island, Hall County, Nebraska, excepting a certain tract
<br />of ground deeded to De1phie D. Kosmicki and Elizabeth R. Kosmicki
<br />by Warranty Deed recorded as Document No. 82-004121 in the Register
<br />of Deeds Office, Hall County, Nebraska.
<br />
<br />of the Sixth Principal Meridian, containing in all
<br />ment'survey:
<br />
<br />TO HA VEAND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including
<br />all heating. plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with saidreli!estate
<br />unto the Mj)rtgagee, and to its Sllccessors and assigns, forever, The Mortgagor represents to. and covenants witb, the Mortga-
<br />gee, that the Mortgagor has good right to ,ell and convey said premises; that they are free from encumbrance; and tbat ,the
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever; and the said Mortgagor here-
<br />by relinquishes a!lrights of homestead, and all martial rights, either in law or in equity, and all otber contingent interests of the
<br />Mortgagor in and to the above-descrihed premises, the intention bein!! to convey hereby an absolute title, in fee simple, includ-
<br />ingall rights of homestead, and other rights and inlerests as aforesaid,
<br />
<br />acres according 10 Govern-
<br />
<br />PROV]DED AL WAYS, and these presents are executed and delivered upon the following conditions. to wit:
<br />
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Fort y Five Thousand and No/lOOt hs---
<br />_____________________________________ Dollars ($ 45,000.00 ),
<br />
<br />with interest from date at the rate <>1 Tl.elve p<r centum (
<br />the unpaid halance until paid. The said principal and interest shall he payable at the office of
<br />
<br />12.0 %) per annum on
<br />Super ior Hortgage, Inc.
<br />
<br />in Grand Island, NE . or at such other place as the holder of
<br />the note may designate in writing, in monthly mstallments of Four fundred Sixty Two and 88/1 DOt hs---------
<br />______________________ Dollars ($ 462,88 ), commencing on the first day of
<br />June ,1983, and Oil the tirs! day ,,[ each month thereafter until the principal and in-
<br />terest are fully paid. except that the final payment o[ principal and interest, if not sooner paid, shall be due and
<br />payable on the first day of Hay, 2013 ; all according to the terms of a certain promis-
<br />sory note of even date .herewith executed by the said Mortgagor,
<br />
<br />The Mortgagor in t..[deT ml\r~ fully to prole"':l the ,')el.:urily of this Mortgage. ,tgree.s:
<br />
<br />L That 'he willp.y the indebtedness, as hereinbefore provided, Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to "neor more monthly payments on the principal thaI are next due on the note, on the first day of any month
<br />prior to maturity: Provided. howe\j~". Tbat wrHten notice \~f ~ln intention III exen.:ise ~uch pri\o'llege is given at least thirty (30)
<br />lIays prior toprepayme.n.t.
<br />
<br />2. That. toptller witb. and. in addition to, themol1lhly payments 01 principal and interest payable under the terms of the
<br />note secure'lJ~reby, the MQrtgagor will pay to the Mortgallee.on the first day 01 each monthontil the ...ill note is fully paid. the
<br />follmlilng sUllls:
<br />
<br />(a) Amount suflktetl1 to provllle the holder hereof with fundi to pay the neXl mnrtgage insurance p,eIllIUlllt[ this
<br />1lI.trumenl and the note ,",cured heteby are insured, or a montbly charge (in lieu of 11 mOTtglI&e insunmce prt'-
<br />mium) If ltter are he.1d by the Sccreta.y of Houiins and Urban flewlop"",nt, as follows:
<br />
<br />(I) It ano 'W loug a~ ,~hj rhH~ or ('Ven dale Otnd thiS lH!humerH afe unwed 01 are li.'lUSUfCi..I undeJ the pru~
<br />'ililon$ of 1he- -N<.J!lHtlal Hhu~ir'lg Act. 1m amount stlffitknt ~() 3\.:,umuhHe in tht." hand:.:. \)1 the holder ....IIle
<br />
<br />fi:epl__~FHAT..\.,'J...lIlWfhl;h.!'11fW lW~urUri 5UWt'V iJ,.~.t-ed
<br />
<br />STATEOJ<'NK8RAI:lKA
<br />HUO,92143M 19-79)
<br />
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