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<br />r
<br />~~ 8~iJ04912
<br />~~3~005i80
<br />
<br />MORTGAGE
<br />
<br />Thil fa"" is used in connection
<br />with mort"" inlUred under ttM
<br />on.- to tour-family provftlons ot-
<br />the Natlona' Housing Act.
<br />
<br />f
<br />
<br />THIS MORTGAGE. made and e.ecuted this 15th day of September ,A,D.
<br />19 83 .byandbelween Mark R. Sandstrom and Darcy J. Sandstrom, Husband and Wife
<br />
<br />of tbe County of
<br />tbe MortgagOT, and
<br />
<br />Ha 11 , and Stat. of Nebraska, pany oftbe first part, berei"'t.r called
<br />Superior Mortgage, Inc.
<br />
<br />a corporation organized and exi..,ing under the law.;; of
<br />party 01 the second part, hereinafter c.lled the Mortgagee,
<br />
<br />WITNESSETH; That the said Mortgagor, (or .nd in consideration of the sum of Forty Three Thousand Five
<br />Hundred and No/lOOths ------------------------- Doll.rs(S 43,500.00 ),paidbytheMort.
<br />ll"llfl', the receipt of which is hereby .cknowledged. has Granted and Sold and by tbese presents does Granl. Bar-
<br />gain. S.lI. Convey .nd Confirm onto the Mortgagee. ilS successors and assigns. forev.r. th. followillll-described
<br />",al.st.I., silualed in the County 01 Hall . and State
<br />of Nebr.ska, to wit;
<br />
<br />Nebraska
<br />
<br />Lot Nineteen (19), in Bloc~ Three (3),
<br />
<br />
<br />in Neves first Addition to the City of
<br />
<br />
<br />Grand Island, Hall County, Nebraska.
<br />
<br />(RE-RECORDED TO CORRECT INTEREST ADJUSTMENT DATE,)
<br />
<br />of Ihe Siuh Pnncip.1 Mendian. "Onl"lnmg m all
<br />ment SUf\'CY;
<br />
<br />TO HAVE AND TO HOLD the premh.s .b....< ".s""bed. "Ith all the appurlenances Ihereunto belonging and including
<br />all bealing. plumbing and: hghllng fixlUre... ;:tnd equipment n,)\\- ur her~aflcr attached to or lilted in connection with said real estate
<br />unto ItJc Mortgagee, and to its SUCCC~~llr!'l ~nd Ii>"gn', forcv~r. The Mortgagt1f represents to, and covenants with. the Mortga~
<br />gee. that the M()ftPi~)r ha~ guod right lO "e1l ~nd (,-In\icY ..aid preRl''Jcs~ that they are free from encumbrance; and that the
<br />MortpJUf will warrant ~nd defend tne ~Ilmt: again" the la....-fuJ c.I01jm~ of all persons whomsoever; and the said Mortgagor here~
<br />by relinquishh all righh of homc!iteao. ,1Od all mattlal fight';.. either in law or in equily. and all other cOnlingeot interests of the
<br />MurtPl-Ot in and I(} the abu\'t~deM:ribed prem....t'. [he Inl~nlllln being 10 convey hereby an absolulc tllle. in fee simple. includ.
<br />inB aU ri&hh of homC'~le.,d. and other fights ant.! interc-"'I~ J.~ afOfC'iaid,
<br />
<br />acres according 10 Govern.
<br />
<br />PROVIDED ALW.-\ YS. and Ihe)c prh('oh ",fe; (~(,~ul~d and delivereo upon lh~ fo-Uowingcondltions, to wit:
<br />
<br />The- MQl'tS'aqor Agrees to ~ay. to the Mortgagee. or order t the principal sum of Forty Three
<br />Thousand l'ive Hundred" JotlOOths ------ Dollars ($ 43,500.00 ), witll
<br />int-ere:8t from: date A~~~ of Ten & Three-Tenths per centum ( 10.3 ') per annum
<br />on tile ur.paid b.olan~'f.i~9i1/86 . and tll"reafter at th<l rate of Ten & Three-Quarters
<br />per centua ( 10.75 \) per annum on the unpaid balance until paid. The said principal and
<br />intereat shall be payable at tile office of Superior Mortgage, Inc. in
<br />Grand Island, Nebraska . or at such other place as the holder of the note may
<br />deaigMta in writing. in IIOnthly installmenu of Three Hundred Ninety One and 42/l00ths
<br />Dollars ($ 391.42 I. cOllllll8ncinq on the first day of November .
<br />1983. and qn the first day of each month thereafter uotil 9/1/86 .. and Four Hundred
<br />Fille and 46/100ths ------- Dollara ($ 405.46 ) cOIIlMnclnq On the first day of
<br />October, 1986 ... and on the first day of each month thereafter until the principal
<br />an4 tnt.re.t. Are fully paid,- except that the final payment of principal and intere.t, if
<br />not sOQQer paid. shall be due and payable on the first day of October . 2013,
<br />all aceordio9 to the te~ of a certain promissory nOLe ~f even date herewith executed by
<br />the saiel Mort9"9or_
<br />
<br />The MO<tgagor in ",det mor. fully to pwted the ""urity of Ihls Mort_e. agrees:
<br />
<br />L Tbat he will pay tbe indeblednes>. as h.r"lObe(ore provided. Privilege is reserved 10 pay lhe debl in whole, or in an
<br />_m equal to 0"" or more monlhly payments on the prmcip.1 thaI are n"'l due on lh. nOI.. on the fim day of any monlh
<br />",ior 10. maturity: Provided. /Iow....r. ThaI wrinen n<ltiee of an inlenlion 10 e..rClSe such privilege is given al least thiny (30)
<br />daJ~ prior 10 pr..pay",.nL
<br />
<br />2. T!tal.logelbel wilh. and in addition to. lhe monthly paymenls of prin"ipal and inlerest payable under lhe lerms of the
<br />lk>luccutcd h<<tby'. tbe Mor\i3aOT will pay 10 Ihe MorlJlall<<, on lhe fint day of each monlh until the saill nOI. is fuUypaid.lhe
<br />followint: _.:
<br />
<br />...
<br />
<br />u} Atnl>lUlt sufll<:ienl 10 pIOvid. Ihe holder hereof Willi fund. lu pay Ihe nexl mortgage insural",e premium if IhlS
<br />In_I arul the nole _ured helchy ale insured. vI . monthly charge lin IittU of Q mortS/lft! msumnce pre-
<br />miMmj if they ar. held by Ihe 5o",c(ary of HouSJ1l& and Urban Developmenl. as follow,:
<br />
<br />(I) It and wloo& .. $;lId nole of even dOl. and !hi> im:trumenl are msured 01 at. ",,,!>ured under lh. pIO'
<br />Vll.lOl\l "lib<! NltuonallWuung Ael, an .mQl)n! suma.nlto au:umulal. in Ih. harlds of the hold.1 ofle
<br />
<br />. a.b,.. 'i-.I'. hoe t~~ '.bt. t'Htt:'.~.)tj
<br />H$- _~u. fCQfI t.M h.ttt ~y_~a ~_4H.lfJ:
<br />t~ l.th _nthl
<br />
<br />~ "HA<tt.'- Wbic-A ~ .-Utid I.J3HI ~1' \1 r_~i:{""'.t
<br />
<br />STATE Of ~8IlASl<A
<br />>luD-Ol1al'" 19.101
<br />t 7> CHI 200 1001
<br />
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