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<br />MORTGAGE
<br />82- cfG491~.
<br />This form ix used in cnnnec-
<br />tinn with mort~agea insured
<br />under the one- to fourfiamily
<br />provisions of the National
<br />Housing Act.
<br />$2-' 4)C~~~~~
<br />THIS Mt713TGAGF, made aad executed this 4t't day of November ,A.D.
<br />t4 82 , by aad l etween Vincent Valdez acid Mary L. Valdez , Husband and Wife
<br />of-the County of Hall .and Stale of Nebraska, parry of the first part, hereinafter called
<br />the Mortgagor aad Superior Mortgage, Iha.
<br />a corporation organized and existing under the taws of Nebraska
<br />party of the second part. hereinafter called the Mortgagee.
<br />WITNESSF.TH:'f hat the said Mortgagor, for and inconsideration of the sum of Forty Thottsarid Three
<br />Htutdred acid NoJ100ths---------------------------Da0ars f5 40, 300.00 ), paid by the Mart
<br />gagee. the receipt of which is hereby acknowledged. has Granted and Soid and by these presents does Grant, Bar-
<br />gain,- Sell. Convey and Confirm umo the :Mortgagee. its successors and assigns, forever, the following-described
<br />real estate. situated in the Cuttn[y of Hall - .-and State
<br />of Nebraska, to wit:
<br />The North Fifty-Six Feet (N56') of Lot Four (4) and the North Fifty-Six Feet (56')
<br />of the West Thirteen Feet (W13') of Lot Three (3), in Block Three (3j, in Lakeview
<br />Addition. to the City of Grand Island, Hall County, Nebraska.
<br />of the Sixth Principal Meridian. rnntaining in zdl acres according toGovern-
<br />menF survey:
<br />TO F{AVE..~ND TO Hl)LD the premises a6uve drscritxd, with all [he :tppunenances thereunto belonging and including
<br />alt heating, plumbing and lighting fixtures anil eyuipmrnt now esr here:+fter attached to or used in cunnectiun with said real estate
<br />unto [he Mortgagee, and to its .uccessors and assigns, forever. The ytartgagor represents tu. and covenants with, the Mortga-
<br />gee. that the Mortgagor ha, good right [o sell and convey said premises; that they are free from encumbrance; and that [he
<br />Mortgagor will warrant and defend the same against the lawful claims of nH persons whamxrever and the said Mortgagor here-
<br />by relirxquisfees all rights of homestead, sod ai! martial rights. eithtr in few ur in eyuity, and all other contingent interests of the
<br />Mortgagor in and to the ubtrve-described premises, the intenticm being to convey heretry an absolute title, in fee simple, includ-
<br />ing al! rights of homestead, and ether rights end interests us afaresnid.
<br />F'ROyiDED ALWAyS, :,rid ihes: presents are executed and delivered up.m the Foibwingconditions, [n wit:
<br />The :'Mortgagor agrees to pay w theMortgagee, ur order. the principal sum of Forty Thousand Three
<br />Hundred aril No/100ths------------------------- (k»tant5 40,300.00
<br />with interest iium date at the rate of Thirteen and Five-eighth~r «ntwn { 13.625 %r) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office at Superior Mortgage, Inc
<br />in Grand Island, Nebraska . ur at such other place as the holder of
<br />the dote may designate in writing, in monthly installments of Four Hundred Sixty Five and 87/100ths--^^--
<br />__,_._-.~____________________._._ (ktllars 1S 465.87 i, conunencbtg un the first day of
<br />3anuary , ig 83. and on the first day of each month thereafter until the principal and in-
<br />terest are fupy paid, except that the float p~ t of principal and huerrst, if nut sooner paid, shall-be due and
<br />payable nn the first day of December r ~~~~ : aft acrnrding w the terms of a certain promis-
<br />vary note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fully to pnxect the security of this!startg:tge, agree.:
<br />i. "that he wife pay the indelstedness, as heceihbeftue provided. Privilege is reserved to pay the debt in whole, or in sn
<br />amount r+iuai to one qr more mt~ntftly payrttents on the principal that are next due on the note, on the first day of any month
<br />prior to,-nta#ur$y: fiervided. howc ver.'fhat written natter of an httentiun to exercise Bach privilege is given at least thirty t i0)
<br />dttys prior to prepaytncnt.
<br />'. Thst, tugciiter with, and in addition tu, the monthly pay meats of principal and interest payable under the terms of the
<br />note secured hereby, the Morgagor will pact to the Mortgagee, ran the First day of ear h month until the sai0 note is fully paid, the
<br />futbw'ingsums: - - -
<br />(at AmoWnr su!'!iseut ra-provide the holder here-af wtd+ funds tG pay [he next martga~;a inu+raterr prenuunt tt epos
<br />ir[suusnettt and the note secured tterehy are insarrai, a a n;yrath}y chsrge (in frPta c+l r7 r'+- -•t: +nsurttn<-r frrr-
<br />nuurrrj tf they arE held by the Jritetary of I#~sutg std Utbat, t)evetopmrnt, as iol:ows:
<br />tit ff u-nd sa t<r[~ as ~Itci :+ate trf even date and UtJSaastfurrtrtt[ aae- treated i.rc see teinaured ender the pr+r-
<br />vtsirtns of rhr nf4tkrrtaf ltc,usir+g Act, an amount sufFU:ient nr acun+uiatr m the hands trf the bUldet erne
<br />H.ritt.a:w Ftf A-71i3M vnrwn +7+av ;~ uaxzi :rr,t<. e.rFirrr •r ~=trsn:st.+a i1`ATI•~ })fr ;Y"k:I3.K;#:ti.14s1
<br />ttUOir2143#/ 19-7at
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