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<br />83- 005080
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<br />Lot Thirteen (13) in Block Four (4) in Koehler Place in the City
<br />
<br />
<br />MORTGAGE
<br />
<br />Th"'f~;-ilcu"f'i.p:~~j'
<br />-""'"-~.~."'"
<br />one- '0 1our._IV~,of
<br />w_H'.""'II,Acti '
<br />
<br />THIS MQRTGAGE, made and execu.ed this 21st
<br />19 83 . by and belween Donald T. Brooks Jr.
<br />
<br />oHbeCo..nlyof Hall
<br />the Mort&aaor. and
<br />
<br />September
<br />J. Brooks,
<br />
<br />a corporation orpniud and existing under Ihe laws of Ne braska
<br />party of Ihi: second part, hereinafter called the Mortllllll"e.
<br />
<br />WITNESSETH: That the said Morlgagor. for .nd in consideration of the .um of Fort y Two. Thousand Two
<br />Hundred Fifty afld No/lOOths-------------------..Dollars($ 42 250.00 ).paidb~IheMort.
<br />/Iltgee, Ihe receipt of wlltch i, hereby acknowledged, has Granted and Sold and by'Ihese preS<<;llls does Granl. Bar.
<br />gain. Sell. Convey and Conlirm unlO III< Mortgagee. ils successors and assigns. forever, lhe followina-clescribed
<br />real estate, siluatedin the County of Hall . and Slate
<br />of Nebrasb, 10 wil:
<br />
<br />of Grand Island, Hall County, Nebraska
<br />
<br />of the Sixth Principal Mendian. conlamlftB 1ft.1I acres accordinr 10 Govern.
<br />ment survey:
<br />
<br />TO HA VE AND TO HOLD the premi.e, ab-o, " aescribed. with all the appurt.nances thereunto belonging and including
<br />allhealin8. plumbing and ughl.ng fixture. and equipment now or herealler attachcd 10 or used in connection with said rcal eslale
<br />unto the- Mortgagee. and to Its succeSSf.ltS and 3s"iign~, forever. The Mortgagor represents to. and covenants with. the Mortga-
<br />gee. that the Mort81'l()l ha> good nght to ,ell and c.,"ver ,aid pr.mis.s; lhat th.y are free from .ncumbrance: andlhat the
<br />Mortpgo-r will warrant and .defend t~ ~3mt againsl the lawful dalms of aU penons whomsoever; and the said Mortgagor here~
<br />by relinquishes an rights of homestoad, and all ma"i.1 ngl'" , ."her 1ft law or in .quily, and all otll<r contingent interests of the
<br />Mortaaaor in and to the abovc<<scribcd prcmts.c')_ t~ Intt:'ntmn being 10 convey hereby an absolute-title, in fee simple. inciud-
<br />ingall rights of homeslead. and other righh and int.r.'h a' .for.,,,id.
<br />
<br />PROVIDED Al WAYS, and these prc<<n!> are ."cUlC'd and dcli"ered upon the following conditions. 10 wit;
<br />
<br />The Mortqagor &qreea to pay to the Mortgagee, or order, the principal BUM of Forty Two
<br />Thousand Two Hundred Fifty and No/lOOths--------..!lo.llau (S 42,250.00 I. with
<br />int_t f...... date at the rate of Ten and Three-Tenth_r centUlll ( 10.3 ,) per annUlll
<br />on the u_id balance until 101 j /86 . and thereafter at the rate of Ten and Three-Quarters
<br />per cent... ( 10.75 ,) per annual on the unpaid balance until paid. The .aid principal and
<br />illt:u-eataball be payable at the office of Superior Mortgage, Inc. . in
<br />Grand Island, NE . or at such other place aa the holder of the note may
<br />daei9ftAt:e in ""iUnq, in IIOntllly in.tal~t. of Three Hundred Eighty and 17/100ths---
<br />------- Dolla... ($ 380 .17 ), cOllllll8llcinq on the fint day of November
<br />U83. and on tbe ftnt day of e.ch IDOnth tbere.tter until 9/1/86 .. and Three Hundred
<br />Ninety Three and 81/100ths-- Dolla... (S 393.81 ) c-..ctnq on tne fint d.y of
<br />10/1/86 ... and on the fint day of each IIOnth th....atter until the princip.l
<br />and tAtoo....t .r. fully paid. except that the final paytMDt of principal and inter..t. if
<br />not a_ paW, sh.ll be due and p.y.ble on the fint day of October .2013 ,
<br />aU .CCQJ.:tl1n9 to the too.... of . ce..t.in pr....is.c..y note of ev.n date her.withexec..ted by
<br />1:be s&14 Martg.p...
<br />
<br />The "ortpa<<inordeulOre fully to protect the security olllm MurllllllI", agrees:
<br />
<br />L TIuoIl>e will pay tl>e indebtedneu. as hereinbclOf. provided, P,;vilell< i. r....rved to pay the debt in whole. or in an
<br />-eq;W 10...... Of< more mOftlhly payments on the principal that ..... n..t due On the nOle, on the first day of any monlh
<br />prior 10 _"';1)': Pr""idN. bo_vet. That wrillen notice of an intention to ...reise s""h privlleJe i. given al I.ast thirty (3())
<br />dli,. prior.10 ""'Ytneltt,
<br />
<br />2. TIuoI.IOIelber, with. aAd in addition 10. the monthly payments of principal and interest payable under lhe terms of the
<br />---tlRllllem>Y' tl>eMMN<< ...iIl pay to lhe Mortaallec, on the lint day of e.ch month until the $ail! note i. fully paid. the
<br />follotrililc_;
<br />
<br />(a) A.mc>ilol $UfllQent to PfOVlde.the holder. her..,f withfumls to pay the next morl... insulallc. prcmiwn if Iha
<br />~t .lIIllI. the lIOhtMii:llfed heteby sre !nlUted. <II a rllOllthly char.. 1/11 lieu of" /11("'~ iltlUnmee pre-
<br />~if ~ 81:<: held by. the s.cw.taf}' of HouSUlgand Urban Developmml,aslollowa:
<br />
<br />([) If lllI6$OlotIa...lISi<l nole oleoeri dlle and this IQStrumelll aw mlUred or ..... reimuredundet the pro.
<br />y~ of the Nauotttl Uuwin. ~t. ;on amClUlt sufficient to lICcumulate in the hand; of the holder ""c
<br />
<br />It ~.... - ~..~. _ t___ .th 4au U.lKtJ
<br />{}$....~ f~ ..... H..~ If*._''' ""'.J
<br />""-,. (dlIII.- :Me .......}
<br />
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<br />
<br />ITAnOFH~
<br />HUo.21.3/I1l "" 'ltl
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