|
<br />I
<br />
<br />83.:;. (JU 4 564
<br />MORTGAGE
<br />
<br />This form is used in- connection
<br />with mortgages insured under the
<br />one- to four-famUy 'provisions of
<br />the National Housing Act.
<br />
<br />THIS MORTGAGE. llIade and executed this 25th day of August
<br />1983 . by and between Gerald L. Henn and Mary K. Henn, Husband and Wife
<br />
<br />,A.D.
<br />
<br />of the CoUnty of Hall
<br />the Mortgagor, and
<br />
<br />. and State of Nebrash, party of the first part, hereinafter called
<br />Superior Mortgage, Inc.
<br />
<br />a corporation organized and existing under the laws of Ne braska
<br />party of the second part, hereinafter called the Mortgagee,
<br />
<br />WITNESSETH: That the said Mortgagor. for and m constderation of the sum of Seventy Nine Thousand
<br />and No/lOOths----------------------------..Dollars ($ 79 000.00 ), 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 estate, situated in the County of Hall . and State
<br />of Nebraska. to wit:
<br />
<br />Lot Three (3) in T V N Subdivision, in the city of Grand Island,
<br />
<br />Hall County, Nebraska
<br />
<br />of tbe Sixth Principal Meridian. containing in all
<br />ment survey:
<br />
<br />acn:s aCt..'ording (0 Govern~
<br />
<br />TO HAVE AND TO HOLD the premises abc"'< described. with all the appurtenances thereunto belonging and including
<br />all heatingl plumbing and lighting fixtures and equipment now or hereafter attached to or used in c..:onneclion ,,,,ith said real estate
<br />unto the Mortgagee, and to its SUCCessors and assigns, forever. The Mongagor represents to, and cuvenants with, the Mortga~
<br />gee, that the Mortgagor has good right to sell and convey said premises; that they are iree from t:ncumbrance; and that the
<br />Mortgagor will warrant ~lIld defend the same against the lawful claims uf all person~ whom~t)cver; and the said Mortgagor here-
<br />by relinquis.hes all rights llf homestead, and all martial rights. either in ia\.\- '..lr in equity. and all other contingent interests \)f the
<br />Mortgagor in and to the above-described premis6, the intention /:'Ieing to con\iey hereby an absolute title. in fee simple, indud~
<br />ing aU rights of homestead. and other rights and interests"s aforesaid,
<br />
<br />PROVIDED AI. \VA YS, and these presents are execmed and delivered upon the following conditions, to wit:
<br />
<br />The Mortgagor a~re~s tu pay to the Mongl.1gee. ur order. the prin..::ipal s~m llf ..
<br />and No/lOOths--------------------------- Do,h", IS
<br />
<br />Seventy Nine Thousand
<br />79,000.00
<br />
<br />I.
<br />
<br />with interest twm date at the rate 01 Thirteen per ..-entum {
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of
<br />
<br />13.0 "c) per annum on
<br />Superior Mortgage, Inc.
<br />
<br />in Grand Island, NE 68801 , or at such other place as the holder of
<br />tbe n<)le may designate in writing. in monthly installments of Eight Hundred Seventy, Three and 90/100ths--
<br />---___________________ Dollars ($ 8J3 qo ). i.:oIluncndng on the first day of
<br />Octob"lr . 19 83 . an <Hi fhe first day ,)f each month thereafter until the ptincipal and ill'
<br />terest are fully pald~ except that {he final payment of principal and interest, if not -.ouncr paid, shall be due and
<br />payable on the first day of September, 2013 : ail accurding to the terms of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />
<br />The M.ortgagor in order more fully to protect the sec:urilY of lhi~ :vlortgage, agrees:
<br />
<br />I. That. he will pay the indebtedness. as hereinbefore provided, Privilege is reserved to pay the debt in whole, or in an
<br />amount eq~al t.o one or more monthl~" parments on lhe principal that are next due on th~ note. on the first day of any month
<br />prior to m.aturity: Pro\fjdeo1 however. That written nutice of an intention to ex.erd~e .such privilege j'i given <.I! least thirty (30)
<br />days ptior w prepayment.
<br />
<br />2. Tfutt> together with. and in addition to. the monthly payments of principal and interest pav..lble under the terms of tht:
<br />note .ecuredbereby, the Mortgagor will pay to the Mortgagee, on the first day of each month until t-he sail! !lote is fully paid. the
<br />f"Uowi~sul!ls:
<br />
<br />(a) Amount "$~ftldent to provIde the holder hen'of with funds tu pay the u\:xt lIlortgage Insurancl..' pJl:lllJlH11 li lhi~
<br />instruinenl afid rhe__ not~ 'se(,.'urcd hereby are insured. or a monthly cb..uge (in lieu or a morlga,ge insuraflce pn'
<br />"'111m) if they alo hdd by the Secretary of Housing and Urban Development, a'i follows:
<br />
<br />to If ang s.v lon~a~ 5<tHi Hote Hf even datI: and thh ll)MnHflt:"tJt an' iHflUf~U l}f arL' !f!Ul::iUH'J undel the plO
<br />\'i$l{~ns of the Naliwh'{ HousJu.g A\:t, all imltHWI ;i.uffici,,"'o{ 10 dlcumuble. In fht.' h.uhl1< ,}f Ill.... hold..:: ~\n,-'
<br />
<br />tltii1-i~-41\ r::HA,;!l43M. WtJ.'t:;t\ M.,... ~ tht<rJ \)rHd S\JlJtlhi I~ bi1'I;$v:;hH1
<br />
<br />5T A n: OF NEBRASKA
<br />HUf).9L'14:lM (~ '.1m
<br />'7~ ern :'00 1';0'
<br />
|