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<br />MORTGAGE
<br />sa-U 0 4 414
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<br />This form is used in connection
<br />with mortgages--insured-under-the
<br />one- to four.family provisions: of
<br />the National Housing-Act.
<br />
<br />TIDSMOlttGAGE, made and executed this 19th day of August ,A.D;
<br />19 83:, by and between Charles P. Myers and Mary G, Myers. Husband and Wife
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<br />of the County of Hall , an': State of Nebraska, party of the first part, hereinafter called
<br />thecMortgagor, and Superior Mortgage, Inc.
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<br />a corporation organized and existing under the laws of Ne braska
<br />party of tbe second part, hereinafter called the Mortgagee,
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<br />WITNESSETH: That the said Mortgagor. for and in consideration of the sum of Forty:-two thQusand.. nine
<br />hundred and No/lOOths----- Dollars ($ 42,900.00' ),paidbytheMort.
<br />gagee; the receipt of which is hereby acknowledged, ha~ Granted and Sold an? by these presents does,Grant. ~ar.
<br />gain. Sell. Convey and Confirm unto the Mortgagee, Its successors and aSSIgns, forever,. the followmg-descnbed
<br />real estate, situated in the CounlY of Hall , and State
<br />of Nebraska, to wit: .
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<br />Lot One (1) in Block Seven (7) Arnold Place, an Addition
<br />to the city of Grand Island, Hall County, Nebraska
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<br />acres according to Govern.
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<br />of the Sixth Principal Meridian. containing in all
<br />ment survey:
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<br />TO HAVE AND TO HOLD the premises ab<)w described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixlOres and equipment now or hereafter anached to or used in connection with said real estate
<br />Unlothe Mortgagee. and to its successors and assigns. forever. The Mortgagor represents to. <md covenants with. the Mortga.
<br />gee, that the Mortgagor has good right to sell and convey said premises: that they are free from encumbrance: and that the
<br />Mortgagorwill warr<mt and defend the same againslthe 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. includ.
<br />ing all rights of homestead, and other rights and interests as aforesaid,
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<br />PROVIDED ALW A YS, and these presents are executed and delivered upon the following conditions. to wit:
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<br />The Mor.tgagor ajlrees to pay to the Mortgagee, or order, the principal sum of . FQrtY,:,tw8 thousand nine
<br />Hundred and No/lOOths------- Dollars(S 42,900. 0 i,
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<br />with interesttrom date at the rate 01 Thirteen and One-half per centum ( 13.50 '7<) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of Superior Mortgage,. Ioc.
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<br />in Grand Island, Nebraska , or at such other place as the holder uf
<br />then.otc may designate in writing, in monthly installments of Four Hundred Ninety-one and 38/100ths---
<br />Dollars l$ 491. 38 ), conunencing on the first day of
<br />October , 1983 ,and on the first day of each month thereafter until the principal and in.
<br />terestare fully paid, exco;pt that the final l'3'yment of principal and interest, if not sooner paid, shall be due and
<br />payable on the first day.of ::ieptember, 201::1 , : all according to the terms of a certain promis,
<br />sory note of even date herewith executed by the said Mortgagor,
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<br />The Mortgag.or in order more fully to protect the security of this Mortgage, agrees:
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<br />L That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount eqllal to one or 1I\0re monthly payments on the principal that are next due on the note, on the first day of any month
<br />priOr to maturity: Provided, however, That written notice of an intention to exercise such privilege is given at least thirty (30)
<br />days priotto prepayment.
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<br />2. TIulI, together.with., and in addition t.o, the monthly payments of principal and interest payable under the terms of the
<br />n.otesecu,redbereby, thecM.ortgagor will pay t.othe Mortgagee, on the first day of each month.untilthe sai1l note is fully paid, the
<br />follpwing SUlllS:
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<br />(a)
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<br />A!1lO\lntSufl1cient to pr.ovide the holder hereof wIth funds to pay the next mortgage insurance prCllllum if this
<br />Instrume,nt aud the n()te secured hereby are insured, or a monthly charge (in lieu uf a murtgage inslIram'(' pre,
<br />mium) if they are held by the Secretary of Housing alld Urban Developnwnt. as follows:
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<br />(I) \fand. SO long as said note of even date and thisillstrumenl arc insured or are reinsured under the 1"'"
<br />visions of the NlItiOltal Housing Act, an amount sufficient to accumulate in the hands 01 the holder ,UI,'
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<br />A.pf~fn FHA.21.43M. Which M~ Be Used Undl S-opply is Exh<)usted
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<br />STATE OF NEBRASKA
<br />HUCJ..92143M 19.791
<br />(24 CHI 200.1501
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