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<br />83-004221
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<br />MORTGAGE
<br />
<br />This form is used in connection
<br />with mortgages insured under the
<br />one- to four~family provision, of
<br />the National Housing Act.
<br />
<br />nns MORTGAGE, made and executed this 4th day of August
<br />19 83 ,byandbetween Kenneth H. Tell and Jan Tell, Husband and Wife
<br />
<br />.A.D.
<br />
<br />of the County of
<br />the Mortgagor. aitd
<br />
<br />Ha 11 , and State of Nebraska. party of the first part. hereinafter called
<br />Superior Mortgage, Inc.
<br />
<br />a corporation organized and existing under the laws of
<br />party of the second part. hereinafter called the Mortgagee.
<br />
<br />WITNESSETH; That the said Mortgagor, for and in consideration of tbe sum of Thirty Nine Thousand Five
<br />Hundred and No/100ths ------------------------- Dollars ($ 39,500.00 ), 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 unto the Mortgagee. its successors and assigns. forever, the following-described
<br />real estale, silualed in Ihe County of Hall . and Slate
<br />of Nebraska, 10 wit:
<br />
<br />Nebraska
<br />
<br />Lot Seven (7), in Block Six (6),
<br />in Windolph's Addition to the
<br />City of Grand Island, Hall
<br />County, Nebraska.
<br />
<br />of the Sixlh Principal Meridian. containing in "II
<br />ment survey:
<br />
<br />TO HA VE AND TO HOLD the premises "b~,c oescribed. with all the "ppurten"nces thereunto belonging "nd induding
<br />all heating, plumbing and lighling fixtures and equipment now Of hereafter attached to or used in connection with said real estate
<br />unto Ihe Morlgagee, and to liS successors and assigns. forever. The Mortgagor represent' to, and covenants with, the Mortga-
<br />gee. thallhe M.ortgagor hus good right 10 sell and convey said premises: thallhey are frce from encumbrance: and that the
<br />Mortgagor will warrant and defend Ihe same against the lawful daims of all pe"on, whom><levcr; and Ihe said Mortgagor here-
<br />by relinquishes all rights of homestead. and all martial rights, either mlaw or in e4u.ty. and all other ((lnlingent interests of the
<br />Mortgagor in and lu the above--deiicribed premis",. the inlention being to cunvey hereby an absolute tille. in fee simple, inelud-
<br />ingallrights of homestead. and other rights and interests as afore>aid.
<br />
<br />ai..'res according to Govern-
<br />
<br />PROVIDED ALW A YS. and lhese presents are executed and delivered upon the following condilions. 10 wil:
<br />
<br />The Mortgagor agrees 10 pay 10 the Morlgagee. (Ir order. the principal Sl'OI of Thirty Nine Thousand Five
<br />Hundred and No/I00ths ------------------------ !Jollars (S 39,500.00 J.
<br />
<br />with interest !rom date al the rate 01 Thirteen and One-Half pel centum l 13.5 j per annum on
<br />the unpaid balance until paid. The said principal and illlerest ,hall be payable at the office of Super ior Mortgage, Inc.
<br />
<br />in Grand Island. Nebraska . or at ,uch other place as the holder of
<br />lhe ROte may designate in wriling, in monthly installll)entsof Four Hundred Fifty Two and 44ilOOths -----
<br />--------------------------- Dollars IS 452.44 I. commencing on Ihe tirst day of
<br />Octo ber . I'! 83. .md on the first day of e,,~h month thereafter until the pri'Kipal and in-
<br />terest are. fully paid, excepl that Ihe final payment of principal and interest, if nol sooner paid, ,hall be due and
<br />paYllbleo.1l the fir'.! day of. Sept embe~J 2013 . all according 10 Ihe terms of a certain promis'
<br />sory now"f even dateherewtth executedby the sal Mortgagor.
<br />
<br />The Mortgagor in order more fully 10 protect the security of this M<lrtgage. agrees.
<br />
<br />I. ThaI he will pay the iMebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole. or in au
<br />amounteq\ta!IO Olle or more monthly payments on Ihe principal that are next due <In the note, on Ihe first dav of any monlh
<br />priortomah.frity; Provided. however. ThaI wrilten nolice of an intention to exercise wch privilege Is given at Ieasl thirty (30)
<br />days priQr 10 prepayment. .
<br />
<br />2. 'fhl\t. t(lgetll.:r wilh. aM in a<lditiun 10, the momhly paymenb oLprincipal and interest payable under the term, of the
<br />noW >e;;UI'e,O.hereny. t~ MQf~ will pay (u Ihe Morlgagee. Oil the first day of ea<:,h monlh uOlillhe >aill 'wte is futh I',,,d, Ihe
<br />futlowll;!&.S\!llls; .
<br />
<br />(a) AnlOWltltuffleiep:1 to provide tlte holller hereof wllh funds to pay the next l1\()rtgage insurance prellllUll1 l! ill"
<br />irutr\lJ;lli;lJt and tbe. note sccufl)d hereby are inSUred. m a mor1thly charge 1m heu of <t "',.fI.W/f." "'SUmll(',' pre
<br />rniurn) if they arc held by Ihe Seeretary uf Housing and lJ.rtNlJJ iJcveJopmenl. .~ loll ow,
<br />
<br />(I) JJ _a.nU $V IQJtg. as. ~i-d ~l;9t-ilS of even date and. thl~ .in.~nutn(Ht ,)jt' m~.urcJ p~ ';'Hf lClm.Uf(0 l1nJn th( ph'
<br />vbkm.~ of tht: N..ho-nal !1rnl$ing Aq. an amQunt -~u-HkH."nt h) .lc:;:Hll1ul<H~~ Hi lh~ h:m...h 01 the 1\\JJ-(1 ,qh'
<br />
<br />f'twfOt-'-f" fH^.'1143-M. Wh.e!1 M.Ir;: & l~' Vt.'.iI ~h.l{.lpi'l rs Eiirtt'Hn-ilffi
<br />
<br />&TATE Of' NEBRASKA
<br />HUOg21'~::=,M {~~ '791
<br />",14 C HA 200. ) !It~F
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