|
<br />I
<br />
<br />83--u04570
<br />
<br />This form is used in' connection
<br />with mO:rt~es_insured u,od.er:the
<br />one- to four-family, pr,?visions' of
<br />the National-:HOusing Act; ~
<br />
<br />MORTGAGE
<br />
<br />THIS MORTGAGE. made and executed ihis 30th day of Aug~lst ,A:D:
<br />1983 ,byandbelVleen Dennis C. Alexander and Debra S. Alexander, Husband and Wife
<br />
<br />of the County of Hall
<br />the Mortgagor. and
<br />
<br />. and State of N e!>raska, party of the first part, hereinaftercalJed
<br />Superior Mortgage, Inc.
<br />
<br />a corporation organized and existing under the Jaws of
<br />party of the second part, hereinafter called the Mortgagee,
<br />
<br />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Fifty Six Thousand Three
<br />Hundred Fifty and No/lOOths---------------J;)gIIal:s.($ 56,350.00' ).paidbytheMort-
<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 followmg-descnbed
<br />real estate. situated in the County of Hall , and State
<br />of Nebraska. to wit:
<br />
<br />Nebraska
<br />
<br />Lot Eleven (11) in Block One (I), in Colonial Estates Subdivision in the
<br />
<br />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 HOLD the premises ab,,',< described. with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter attached to Dr used in connection with said real estate
<br />unto the Mortgagee. and to its successors and assigns. forever. The Mortgagor represents to. and covenants with, the Mortga-
<br />gee, that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrunce; and that the
<br />Mortgagor will warrant and defend the same against the 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.
<br />
<br />acres according to Govern-
<br />
<br />PROVIDED AL WAYS. and Ihese presents are executed and delivered upon lhe following conditions, to wit:
<br />
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Fifty Six Thousand Three Hundred
<br />Fifty and No/lOOths---------------------- Dollars ($ 56.350,00 t.
<br />
<br />with interest from date at the rate of T\;el ve and One-Half per cenLUIIl ( 12.5 %) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at lhe office of Superior Mortgage, Inc.
<br />
<br />in Grand Island, NE 68801 . or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Six Hundred One and 40/l00ths-----------
<br />------------------____________ Dollars ($ 601.40 t. commencing on the .first dayof
<br />October ,1983 ,and on the first day of each month thereafter unIt! the pnnclpal and 10-
<br />terest are fully paid. except that the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on tbefirst day of September, 2013 : all according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />
<br />The Mortgagor in order more fully to protect the security of this Mortgage. 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 equal to one or. more monthly payments on the principal that are next due on the note. on the first day of any month
<br />prior to matl~J,"ity: Providt:d. however. That written notice of an intention to exercise Stich privilege is given at least thirty' (30)
<br />days prior to prepayment.
<br />
<br />2. That, together with. and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />note secur~d hereby, the. Mortgagor will pay to the Mortgagee. on the first day of each month until the sai~ note is fully paid, the
<br />. following sums: .
<br />
<br />(a) Amount sufficient to provide the holder hereof with funds [0 pay the next mortgage insurance premium if tillS
<br />instrument and the_ note secured hereby are insured, or a monthly charge (in lieu of a mortgage insurance pre-
<br />mium) if they are Iteld by the Secretary of Housing and Urban Development, as follows:
<br />
<br />(J) If and so long as said note of even date and this instrument ,ne insured 01 arc reinsureu ulHk, the pru-
<br />visions of the N~tiotlal Housing Act, an amount sufficient to accumulate in tilt' hands IJf llh.~ lWJJCI UJlC
<br />
<br />Replaces FHA-2143-M, Which May Be'Used Until Supply is Extlausted
<br />
<br />STArE OF NEBRASKA
<br />HtJU-92143M (9-79l
<br />(24 ern 200,150)
<br />
|