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<br />
<br />
<br />
<br />MORTGAGE
<br />
<br />This form is used in connection
<br />with mortgages insured under the
<br />on~ to' four-family provisions of
<br />the National-Housing Act.
<br />
<br />83"--002679
<br />
<br />THISMORTGAGE,made.andexecutedthis 26th day of May ,A,D.
<br />J9 83,.hy'and;between Ronald K. Davis and Sandra K. Davis, Husband and Wife
<br />
<br />of the County of Ha 11
<br />the Mortgagor,aild Superior Mortgage, Inc.
<br />
<br />, and State of Nebraska, party of the first part. hereinafter called
<br />
<br />a corporation organized ann existing-under the laws of Ne bra ska
<br />patty onhe second part, hereinafter called the Mortgagee,
<br />
<br />WITNESSETH: That the said Mortgagor, for and inconsideration of the sum of Forty One Trousand Seven
<br />Hnndred F ift nd No / lOOt hs_________________...Dollars ($ 41 7 SO. 00' ),paid by the Mort-
<br />gagee, ,lne receIpt orwH1cil' is ner<!by. aCKnowledged, has Granted and Sold and V; these presents does Grant, Bar-
<br />gain, Sell. Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following-descrihed
<br />real estate, situated in the County of Hall -, and State
<br />ofNehraska. to wit:
<br />
<br />Lot One (1), Martin Sulxlivision, City of Grand Island, Hall County,
<br />Nebraska .
<br />
<br />of the Sixth Principal Meridian, conlaining in all
<br />ment survey:
<br />
<br />TO HAVE AND TO HOLD the premises ab~h oescribed, with all the appunenances thereunto belonging and including
<br />all heating. plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br />unto the Mortgagee. and to.ils successors and assigns. forever. The Mortgagor represents to. and covenanls with, the Mortga-
<br />gee, that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance; and thatlhe
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever; and the said Mortgagor here-
<br />hy 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, includ-
<br />ing all righls of homestead, and other rights and inlerests as aforesaid.
<br />
<br />acres according to Govern-
<br />
<br />PROVIDED AL WAYS, and these presents are executed and delivered up,m Ihe following conditions, to wit:
<br />
<br />The Mortgagor agrees tu pay 10 the Mortgagee, ur urJer, the principal sum of
<br />Uundred Fift)' and No/lOQths----------- Dollars{$
<br />
<br />Forty One Thousand Seven
<br />41,750.00
<br />
<br />I.
<br />
<br />with interest.trom date at the rale ot Twelve per centum (
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of
<br />
<br />12 . 0 7<') per annum on
<br />Superior Mortgage, Inc..
<br />
<br />in Grand Island, NE 68801 ,or at such other place as the holder of
<br />the Il<)le may desig!lale in writing, in monthly installmems of Four Hundred Twenty Nine and 45/1 OOt hs--------
<br />_____....____________ Dollars ($ 429.45 ). commencing on the first day of
<br />July . 1983 . and on the first day of each month thereafter until the principal and in,
<br />terest are fully paid. excepl that the final paymenl of principal and interest, if not sooner paid. shall be due and
<br />I>ayableun the first day of June, 2013 : all according to the lerms of a certain promis'
<br />sory ooteof even date herewith executed by the said Mortgagor.
<br />
<br />Tlte Mor1gag\lr in order more fUlly to protect the security of this Mortgage, ;;Srees:
<br />
<br />L Tlmthe will pal' the indebtedness, liS hereinQefore provided. Privilege is reserved to pay the debt in whole, or in nn
<br />amOUnlC\qualloone orm<lremonthly payments on the principal that are next due on the note. on the first day lIf any month
<br />pri\lr tomatllrily:Pt~,id"d, however, That written notice of an intention 10 exerdse such privilege is given at least thirty nO)
<br />days prior mprepaymeot.
<br />
<br />2. Tllltt, t(l~ther wjth. and in addition to.lhelltonthly p.\yments <)f p.rincip.al and interest payable under the terms lIf the
<br />not$~e~llr~Ije(e.I1Y,theMorl1!agor will pay 1\llheMortgagee. on rho first day lIf each munth until the saill note is fully paid, the
<br />f'-!'lj.twi!l&~\ll~:
<br />
<br />(a) AmOll~!l.s\lffki<lntto m1wide lhe holde( he.reof with fUllds to P'IY the next mortgage insurance 1""",,ul11 ,f If",
<br />mSIflll1.~IU .llfId dwn~le stCllre4 heleby ~rc ir!.$"red. or a mOlllhly charge Ii" IWII vf a mOf/gag" "'S1""IlC,' prc.
<br />m,1/!.11lJ if flier Meneld by.tbeS!'<'rc1ary oOlousinganu Urban Dewlopolt'" t. as follows
<br />
<br />0) ~~ran_~ M(l~fJi;:,ij~ ~iJ no;te nLe,v~n dat.e ar~4 thts,lfl,tJWnenl lH~ insur~'d tJI an~ l-~'in~UI(d undn tht:' pro
<br />~iup.n~_(~f th_~ -'N~Jt{)o.;tt f~n~.$in._ }\c!.~ an amount s.uffU.-::ie11t Jt) ac-::umulilt< m the h.mJs u{ lh~ hl;jd~r tHll'
<br />
<br />~~ fW)\--ll4.)M, Vfh_~(!'h M9Y. 8t! t~j \Jntl~ ~m\f'l !$< LKhl'rtIHlKf
<br />
<br />STAff. OF NfllRASKA
<br />HI!D-H4t,nM 19 nH
<br />; ~'''~ Cf H ]'(}(l , ~;;)!
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