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<br />MORTGAGE
<br />
<br />This form is used in conneew
<br />tion with mortgages insured
<br />under the one- to four-family
<br />provisions of the National
<br />Housing Act,
<br />
<br />83--001852
<br />
<br />THIS MORTGAGE. made and executed this 15th day of April ,A,D,
<br />19 83 ,by and between James Richard Jolkowski and Kelly Joan Jolkowski,. Husband. and Wife
<br />
<br />of the County of Hall ,and State of Nebraska, party of the first part , herei.nafter called
<br />the Mortgagor, and Superior Mortgage, Inc.
<br />
<br />a corporation organized and existing under the laws of Nebraska
<br />patty of the second part; hereinafter called the Mortgagee,
<br />
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Twenty Seven Thousand Fom:
<br />Hundred Fifty and No/IOOths------------ Dollars($ 27,450.00 J,llatdbytheMort-
<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 unto the Mortgagee, its successors and a'5igns, forever, the followililJ-describCd
<br />real estate, situated in the County of Hall, andStste
<br />of Nebraska; to wit:
<br />
<br />Fractional Lot Two (2) in Fractional Block Five (5),. in Bonni:eBrae
<br />Addition; and Fractional Lot Two (2) in Fractional Block Twenty-two
<br />(22), in Wallich's Addition, both being Additions to the City.of
<br />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 thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with saidrcatestllle
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to. and covenants with, the MorIga-
<br />gee, that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance: and that 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 all rights of homestead, and all martial rights, either in law or in equity, 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, indud-
<br />ing all rights of homestead, and other rights and interests as aforesaid.
<br />
<br />PROVIDED AL WAYS, and these presents are execuled and delivered upon the following conditions, to wit:
<br />
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of
<br />Hundl:'ed Fifty and No/I OOths----------- Dollars ($
<br />
<br />Twenty Seven Thousand Four
<br />27,450.00 ).
<br />
<br />with interest frolll date al the rale lli Twelve per "elllum ( 12.0 ')b) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of Super ior Mortgage,. Inc.
<br />
<br />in 'Grand Island, HE , or al such other place as the holder of
<br />the note may designate in writing, in monthly inslallments of Two Hundred Eighty Two and 3,5/100ths------
<br />___________________ Dollars tS 282.35 ), commencmg on the-fiTst day of
<br />June ' 19 83 ' and "n Ihe first day of each month thereafter until the principal and in-
<br />terest are fully paid, except that the filial payment uf principal and interest, if not sooner paid, shall be due and
<br />payable on the first day of May, 201;3 ; 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 order more fully to protect the securtty of this Mortgage. agrees:
<br />
<br />!. That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount eql\al to one or more monthly payments on the principal that are r.ext due on the note, on the first day of any month
<br />prior to maturity: Provided. however. That written notice of an intention to exefcis.~ such privilege is given at least thirty nO)
<br />days priortQ prepayment,
<br />
<br />2. Tl1at, togelher with, and in addition to, the monthly payments of principalllnd interest payable under the terms of the
<br />note secured)\ereby, tile MQrtgagur will pay 10 the Mortgagee, un the first day of each month ontil the saill nole is fully paid, tbe
<br />following sums:
<br />
<br />(a) AlIloulltsufflcienl to provide Ihe holder hereof with fUllds to pay the next mortgage insurallce prellllum if this
<br />instrument 8I\d the note secured hereby are insured, or a monthly charge (in lieu of a mortgage insJ./rrmce pre-
<br />miw/I) if they are held by the Secretary or Housing and Urban Development, as follows:
<br />
<br />(1) If anu so long a.s s.aid I\lHC of even date and thjs Instrument ine msured OJ arc reinsureu umler the pro~
<br />visions of the National Housing Act, an amount sufficient to at'cumulate in the hanlls of the holder one
<br />
<br />Re:f.Jh,c-es FHA-2143M wruch may be- uted until SIJPfJly ,'eJCh:.un.u
<br />
<br />STATl';m' NJo;aRASKA
<br />HUD-92143M (9,791
<br />
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