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<br />MORTGAGE
<br />83.-1) 01 85~:
<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 />. THIS MORTGAGE,.mlide lind executedthisl5TH day of Apr.n ,A,D.
<br />W 83',hyanl:!'between David J,.Schneider and Ca"l!herine' Schneider, Husband andW;tfe',
<br />
<br />of'tlieCOIiJityof. Hall
<br />the Mortgagor, and. Super'ior l1ortgage, Inc.
<br />
<br />, and State of Neliraska, party of the first part,hereinafter called
<br />
<br />,.-corporation organized and existing under the laws of' Nebra ska
<br />plirtyof the' second parUhereii1after called the Mortgagee,
<br />
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Twenty Eight Thousand': Nine
<br />Hundr ed' and 'Fo 11 OOt hs----------------------- Dollars($ 28' 900. 00 ). paid'by the Mort-
<br />gagee, :!l1e 'recelpt or'wh.cfi IS "he,eby acknowledged, has Granted and Sold and by these presents does Grant, Bm:.
<br />gain, Sell; Convey' and Confirm unto the Mortgagee, its successors and' assigns, forever; the following"lleseribed
<br />realestale. situated in IheCounty of' Hall . ,and Stale
<br />of Nebraska, to wit:
<br />
<br />The North Fourteen (14) feet of Lot Nine (9) and the South Thirty
<br />six (36) feet of Lot Ten (10), in Block Two (2) in Better Homes
<br />Subdivision to the city of Grand Island, Hall County, Nebraska
<br />
<br />of the Sixth Principal Meridian. containing in all
<br />ment survey:
<br />
<br />TO HAVE AND TO 1:I0LDthe premises above described. with aIlthe appurtenances thereunto belonging and including
<br />all heating, plumping andJightingfixtures and. equipment now or herealter attached to or used in connection with said realestate
<br />unto the Mortgagge,. and to its successors and assigns, forever, The Mortgagor represents to, and covenants with, theMortga-
<br />gee, that the Mortgagor has good right to seU and convey said premises; lhatthey are free lrom encumbrance; and thaUhe
<br />Mortgagor wilJ'warrant and defend the same againsllhe lawful claims of all persons whomsoever; and the said Mortgagorbere-
<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, inciud-
<br />ing,allrightsef homestead, and other rights and interests as aforesaid,
<br />
<br />acres according to Govern-
<br />
<br />PROVIDED AL WA YS, and these presents are executed and delivered upon the following conditions, to wit:
<br />
<br />tne Mortgagor agrees to pay to the Mortgagee, or order. the principal sum of Twenty Eight Tluusand Nine
<br />HunQred and No/IOOths-------------------- Dollars(S 28,900.00 ),
<br />
<br />with interest from date at the rate 01 Twelve per centum (
<br />the unpaid balance until paid. The said principal and interest shall be payable ai the office ol
<br />
<br />12.0 %) per annum on
<br />Superior Mortgage, Inc.
<br />
<br />in Grand Island, NE ,o,atsuchotherplJ!l;,e,llstheholderol
<br />the note may designate in \\-Titing, in monthly installments of Two Hundred Ninety Seven and 2J {.LOOths------
<br />--------------------- Dollars ($ 297 .27 ), commencing on the first day of
<br />. . Ju.n~ ' 1983.' and on the first day of each month thereafter until the principal and in-
<br />terest are. lully paid, eXCePI I~at the final. payment of principal and interest, if nOI sooner paid, shall he due and
<br />payable on the firstdayol . May, 2013. . ; all according to the terms of a certain promis-
<br />sory nOle. of even date herewith executed by the said Mortgagor.
<br />
<br />The Mongagor in order more fully to protect the security of this Mortgage, agrees:
<br />
<br />l. That be,wiU:pay the.indebtedness. as hereinbefore provided: Privilege is reserved to pay the debt in whole, or in an
<br />amou.nt eQllll!toone or. more monthly. payments on the principal that are next due on lhe note, on the first day of any month
<br />prior to maturity: Provi<leli. h<twe""f.That,written notice of an intention to exercise such privilege is given at least thirty (30)
<br />days prioq!l;prMl"yroem,
<br />
<br />2. T\1~'IQ8l=tbefwi\l.>.andin addilion, to, themonthly paYments of princiAAland interest p~al1le under the terms of the
<br />notesecure<lfierepy. the MOftgpior w.mpayto the Mortg'lllee, on the first day of each month untilthesaill note is fully paid. the
<br />follo.'Ving,su~s: " '
<br />
<br />(a) AmoWllsllWcienlto provide the holder hereof with funds to pay the next mortgage Insurance premium if this
<br />instrument1llldthe note secured helebyare insured, or a monthly charge fin lieu ala mortgage insuJ'/lllCe pre-
<br />mium) ifihey are iIIlldby the Secretary of Housing and Urban Development; as follows:
<br />
<br />OJ If and: so long as. said lhHe or even date and this HlslrUn\ClH ~He insured or are ['ClOsured under the pro-
<br />villOl\i of tbeNationai Housing Act, an amount sufi"'tcient 10 accumulate in the hands <,r the holder one
<br />
<br />JWp:1ac-eJ; FHA.~21..3-M wbieh. mav ... tJ.~ unt~f.suppl-y it- ~Jt.cI
<br />
<br />STAT.: OJ.'NI!:6RASKA
<br />HUD-92143M 19-791
<br />
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