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<br />This form ie used in ronnec-
<br />tion with rnnrtlrages insured
<br />MORTGAGE under the one• to four-family
<br />provisions of the National
<br />Housin& Act.
<br />82-- ziC+47#8
<br />TffiS MORTGAGE.-made and executed this 4th day of November .A.D.
<br />f4 gy ,by and between Vincent Valdez acid Mary L. Valdez, Husband-and Wife
<br />of the Cdualy of Hall ,and State of Nebraska. party of the first part, hereinafter called
<br />the Mortgagor. and Superior Mortgage, Znc.
<br />a corporation organized and existing under the laws of Nebraska
<br />party of the second pan, hereinafter called the Mortgagee:
<br />WiTNESSETH: That the said Mortgagor. for grid in consideration of the sum of Forty Thousand Three
<br />Hundred and Nojl00ths--------_~~________~~--Dollars fS 40, 300.00 ), paid by the Mort-
<br />gagee: the receipt of which is hereby acknowledged. has Granted- and Sold antl by these presents does Grant, Bar-
<br />gain;- Selh Convey and Confirm unto the Alortgagee. its successors and assigns. forever, the following-0escribed
<br />real estate. situated in the County of Hall .and State
<br />of Nebraska, to wit:
<br />The North Fifty-Bile Feet (N56') of Lot Four (4) and the North Fifty-Six Feet (55')
<br />of the West Thirteen Feet (W13') of Lot Three {3), in Block Three (3), in Lakeview
<br />Arldition to the City of Grand Island, Hall County, Nebraska.
<br />of the Sixth Principal Meridian, containing in all acres according to Govern-
<br />-mentsurvev:
<br />TtJ HAVE AND Tt) H()L.ll the premises above described, with all the appurtenances thereunto belonging-and including
<br />all healing, plumbing and fighting fixtures arsd egwpmeta now or hereafter attached to cu used in connection with said real estate
<br />- unto the Mortgagee, and to its suecesors and assigns. forever. 'The Mortgagor represents tu. and covenants with, the Mortga-
<br />gtee, that-the Mortgagor has good right to Belt and Canvey .aid Premises; that they are free from encumbrance; and that the
<br />Mortgagor wi{}warrant and defend the same against the lawful claims of atl persons whomsoever; and the said Mortgagor here-
<br />by rehnquishesatPrights of homestead, and sti martial rights, either in taw ur in equity, and all other contingent interests of the
<br />M1iurigagur in xnd to the above-described premises, the rntention being [a convey hereby an absolute title, iir fee simpte, includ-
<br />ingalt rights of homestead, and other rights ,end tnterests as aforesaid.
<br />PROVLDED ALWAYS, and these presents are execuced end deiivrrril upon the (o0owine conditions, to wil:
<br />"l"ire Mortgagor agrees ro pay to the Atongagee. err order. the principal sum of Forty Thousand Three
<br />Hundred arsd No1100ths------__~.~_____~~~ Doltarsi5 40,300,00 i.
<br />with interest from date ai the rate of Thirteen and Five-eighth r centutr, 13.625 n~,
<br />~ { )per annum on
<br />.the unpaid batance antil paid-. The said principal and interest shall be payabk at the office of Superior Mortgagee -Inc
<br />in. Grand. Island, Nebraska , ur at such other place as the holder of
<br />the note may designate in writing, in monthly insialtmen[s of r^our Htutdred Sixty Five and 87/100ths------
<br />___ .~ Dollars tS 465.87 }, cotnmenciitg tin the-first day of
<br />January -~~ , [9 83, and tin the. first day of each month thereafter until the principal and in-
<br />terest. am fully .paid, except trust the Fiml p• nt of principal and interest. if not sooner paid, shall be due and
<br />payabk c n the ftrsr day of Der • ~~~~ ::il recording to the terms of a certain promis-
<br />wry twee of even date herewith executed by the .laid Mortgagor.
<br />The Mortgagor in order more fatty to protect the security of this Mortgage.:rgrers:
<br />1. That he >riLtpay-tt~.indeitedrt~s, as hereinbefore pru+:ide¢t. Privilege is reserved to pay the debt in whale, ar ir. an
<br />atnauntegwl co seta or more mantidy payments on the principal that are next due nn the srote, on the first day of any month
<br />Extax to titalarity; ftrsvisfed; tmtaevcr, "that written notice of an intention to exercise such privilege is given tit least thirty (l0)
<br />days price to prep~ymertt.
<br />- That,dogcllYerwith, and in-additivo te, the monthly-~ymenis of ptineipai sad interest payable , _ ¢ltr-¢erms of the
<br />nttGa secured tieteby, thx 1Horigag~+r wilt pay to the Misrtgager, on the hest day of each month until the sair~ rr to i, fatly paid, the
<br />Eodtowing sums:
<br />{a} - Arnotrslt sult]eictit to provtde tlsc holder hereof whir funds to pay ¢he acxt mortgage insararrce pretnium if this
<br />instrutvcraE anti the torte. sfc:ured Hereby are utsttred; or a ntunihiy ettarge 1rn lieu ,>j a mur'rr irrsrtrane'r prr~
<br />rttttiml if ti,.y are heed b flee Sc<-treaty s,f Ffuustng and Urba; lk'+eit4?nzznt..;s lo;ls;w4:
<br />- - _ ii) ff,atsd so long a3-said FtcHa ~:f even date and tftis utsis'utrtent are Srsured ur are reinsured umiet rice leer,.
<br />~isiszru r?{ else ~tiruta! 6futnanp, 4et, ax amtnint suft~ttiant tkr as:camuiat,--ir ilea hnt[ds of the h-t's#dar tin='
<br />rte;.%~xas etas ?t,<}ie va.w9n+ww tx zmxr urwa soshss;svas TATfi ifl'fi v~1Fj1iASKA
<br />ra?t?3~Y '
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