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<br />THIS MORTGAGE. made and e"culed this 30th day of September
<br />1983 .byatid~lw..,n Terry L. Hampton and Marcia A. Hampton, Husband and Wife
<br />
<br />.A.D:
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<br />
<br />MORTGAGE
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<br />This form is used in connectIon
<br />with m'Dttgeges insund. under tnt
<br />one- 10 four-family provi;ions -of-
<br />the National Housing Ac~.
<br />
<br />r
<br />
<br />83-- 005259'
<br />
<br />of the County of
<br />Ihe Mortgagor. and
<br />
<br />Hall . and State of Nebraska. party of the fir"parl.hereinaflerCalled
<br />Superior Mortgage, Inc.
<br />
<br />a corporalion organized ande.isl;ng under the laws of Nebraska
<br />p.rtyof the second part. hereinafter called the Mortg.gee.
<br />
<br />WITNESSETH: That the said Morlgagor, for and in consideration of Ihe sum o[ Forty Four Thousand Six
<br />Hundred and No/lOOths------------------- Dollars (S 44,600.00" ), paid by the Morre
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Granl; Bar-
<br />gain, S.I[. Convey and Confirm unto the Mortgagee. its successors and assigns. forever. tlle following-descri~d
<br />re.le"ate. situated in the County of Hall . and Slate
<br />ofNehraska. to wit:
<br />
<br />Lot Fourteen (14), in Block Thirtee~ (13), in College Addition to
<br />West Lawn, an Addition to the city of Grand Island, Hall County,
<br />Nebraska
<br />
<br />of the Shah Principal Meridian. containing in aU
<br />ment-survey:
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<br />TO HAVE AND TO HOLD the premises ab~'." described. with all the appurtenances thereunto belonging and including
<br />~dl heating. plumbing and lighting fixtures and equipment now or hereafter anached to or used in connection with said teal estate
<br />unto the Mortpgct.. and to its -successors. and assign5. forever. The Mortgagor represents to. and covenants with. the Mortga-
<br />gee. thai the Mortgag()r has g()()d right I() sell and wnvey said premises; that they are [ree from encumbrance; and that the
<br />Mortgagor will w.arranl -and defend the same against the lawful claims or all persons whomsoever; and the said Mortgagor here-
<br />by relinquishes all rights of homestead. and all manial righls. eilherin la", '" in equity. and all other contingent interests of the
<br />Mortgagor in and to the above,described p"mises. the intention being to convey hereby an absolute title. in fee simple. includ-
<br />ing all rights of homestead. and other rights and interests;ls aforesaid.
<br />
<br />acres according to Govern-
<br />
<br />PROVIDED ALWA YS. and these p"senls are executed and delivered upon ,he following conditions. 10 wit:
<br />
<br />
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Forty Four Thou-
<br />sand Six Hundred and No/100ths------------Do1hrs IS 44,600.00 ), with
<br />int..r...t fro.. date .t the rate of Ten and Three-Tenthsper centum (10.3 ') per annul'
<br />on the. unpaid bal.nce until 9/1/86 . and thereafter at the rate of Ten and Three-Quarters
<br />pe_r centum ( 10.75 \) per annum on the unpaid balance until paid. The SAid principal and
<br />inter....t all..11 be p.yable at the office of Superior Mortgage, Inc. in
<br />Grand Island, Nebraska ' or at such other place as the holder of the note may
<br />deaiqnate in writinq, in monthly installments of Four Hundred One and 32/l00ths------
<br />Dollars ($ 401.32 ), commencing on the first day of November '
<br />1983' e.nd on tile first day of each month thereafter until 9/1/86 .. and Four Hundred
<br />Fifteen and 70/100ths------~-- Dollars ($ 415.70 ) co_ncing on the first day of
<br />October 1986 ... and on the first day of each mon',h tbereafter until the pdncipal
<br />"n~, lrtt......t are tully paid, except that the final payment of principal and inter...t. if
<br />1I".t soonl'l' l"'-i,1, sh"ll be due and payable on. the first day of Oc tober, 2013 ;
<br />a1-1. _ccox4;1n,g to the t.erJl;s of a certain p~omissory not~ of even date herewith executed by
<br />the. said. lIo..tgAqor .
<br />
<br />The M~tgallor il\ order more fully 10 protect lbe security of this Mortgage. .grees;
<br />
<br />L 'fl\.;I~."" wJlI.pay I~ indebtedness. as. herein~fore provided. Privilege ,s reserved to pay the debt in whole. Or in an
<br />'mO\lnt.e't~ !<Jane or morelljonthly payments on [be principal thft.t.re next due on the note. on Ihe first day of any montb
<br />pd9t_to mJturlty.:, Pro.yidc_d,- hriwever~ That wriuen notice: of an intenlion to elacise such privilege is given at k~lstlhirty (30)
<br />daY.$,pri9l'.IQ.P.repaYlllenl.
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<br />2, ~~, 1"",lher ",ilb. andin ."lIditionto. l!le monthly payments of principal and inlerest payable under Ihe terms o!.the
<br />"9trse.rpr.4~el>Y..lhe Mortpgor will pay to tbeMOrlg~gu. on tbe first d.y of each montb untillbe saiD note is fully paid. the
<br />fllllowJ'I& MIls;
<br />
<br />ta) ArnllUnt'nfftcirnltQ provide tbe hC>lder hereor witb funds to pay tbe next mortgage insurance premium if this
<br />in$~tlllld the nQI~ seCUred her.ebyareinsured, or a monthly cbarge (in lieu of" mOT/gDgf insu/'11llce pre-
<br />~J ir~ a[.I~ldby lheSecreta,yofHouslnlland Urba" o.vdopment. ,$ follows:
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<br /><H Ucou4JQ 1000ll""nid Il00eoC..en dilte.nd tbis instrOllunt are insured or are reinsured under Ihe pro.
<br />v_of the NatI<>ruil HoU$iu& Al;t. anamount.uiflcie;.( (0 accumulate in the hallds of the holder olle
<br />
<br />.. i~u",f-"';:.__,h'~ t~-"~d h.~.b_t)
<br />4i,-' ~lS ,~._~~ tr-~__: t~ Hr'41' ""j(bffit; d...t-e).
<br />B'i1, all,fll H:-t;h: ~n.t.tq
<br />
<br />,_""',""''''''_....~ t:O<,I-jI!; ...'" ~ 1-',*,~ "'.I.... ",,_ ",.
<br />
<br />sun 0" NURA5l<-"
<br />~,.jfiD-9]-1.4JM i9--:i'~:;l
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