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<br />MORTGAGE
<br />"With Deferred Interest and
<br />increasing monthly installments"
<br />This form is used in connen-
<br />Lion with mortgages insured
<br />under the one- to four-family
<br />provisions of the National
<br />Houeing Act.
<br />THiS MORTGAGE,. made and executed this 24th day of hrO`z~~ ,A_p,
<br />19 g2 .hyandhetween Kevin S. Splattstoesser and Deanne J. Splattstoesser, Husband and Wife
<br />of the County of Hall .and State of Nebraska, party of the first part. hereinafter called
<br />the Mortgagor, and Superior Mortgage, Inc, .
<br />a corporation organized and existin¢ under the laws of Nebraska
<br />party of the second part. hereinafter called the Mortgagee.
<br />W ITNESSFTH: T}tat the r.+id Mortgagor, for and inconsideration of the sum of Forty Thousand Four Hundred
<br />and No 100ths----------------------- 1)o0ars (5 40, 400.00 ). paid by the Mort-
<br />eagee, the receipt of which is herehy acknowledged. has Granted and Sold and by these presents does C,rant, Bar-
<br />gain. Sett Convey and Confirm unto the Mortgagee, its successors and assigns. forever. the.fallowing-described
<br />real estate. situated in the County of Hall . an6 State
<br />of tiehraska, to wit:
<br />The Fes±erly Fifty-seven {57) feet of the Westerly Sixty-three {63) feet
<br />of Lot Fottr (4), in Block Two (2), in [desterhoff's First Subdivision in
<br />the City of Grand Island, Hall County, Nebraska excepting therefrom the
<br />North 30 feet thereof conveyed to the City of Grand Island for street
<br />purposes.
<br />of the Sixth Principal Meridian-containing.n all
<br />moot survey:
<br />acres according to Govern-
<br />TO HAVE AND'f0 HOLD the premises above described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or uxd in connection with said real estate
<br />unto the Mortgagee, and to its successors and assigns, forever. 'Phe Mortgagor represents to, and covenants with, the Mortga-
<br />eae, [hat the Mortgagor has good right to ,ell and convey .aid premises: that they are free from encumbrance; and that the
<br />Mortgagor will warrant and defend the <atne against the lawful claims of atl persons whomsoever, and the .aid Mortgagor here-
<br />by reliayuishes al! rights of homestead, and alt martial rights, either-in law or inequity, ;md all other contingent interests of the
<br />Mortgagor in xnd [o the above-described premise,- the intention being to convey hereby an absolute title, in fee simple, includ-
<br />ing sll rights of homestead, an.l other rights .,nd interests ;ts aforesaid.
<br />PROVIDED ALAVAYS, and theca presema ore executed and delivered upon the following conditions, to wit:
<br />The Mongagor agrees ur pay to the Mortgagee, or order, the principal sum of Forty Thousand Four Hundred
<br />and No/100ths------------------------ Dollars (S q0, 400.00 ).
<br />with interest from date at the rate of Twelve and One-Half per cenmm ( 12.50 r7) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the oiHce of Superior Mortgage, Inc.
<br />in Grand Island, Nebraska 68801 , or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of (According to Schedule A on said note)
<br />K , commencing an the firs[ day of
<br />Sanuary , 19 83 , and on the first day of each momh thereafter until the principal and in-
<br />terest are fully paid, except that the final payment of principal and interest, if nut sooner paid, shall be due and
<br />payable on the fist day of Decembers 2012 ; all according to the terms of a certain promis-
<br />sory note of even date herewith executed'ny the said Mortgagor. (def r eaa into est shall be added to the prin-
<br />cipal bat morahly and shall increase the principa~ ~alance ~o not more than $43,808.76.)
<br />~~fc4ortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />I. That tte w9t1 pay the indehtedpess. as hereinbeforc provided. PrivJega is reserved to pay the debt in whole, or in an
<br />amount equal to one ur more monthly payments on the pnndpai that are next duo on the ante, oa the lust day of any month
<br />prior to maturity: Provided, however. That written notice of ;m intention to exercise such pi ivilege is given at least thirty (?0)
<br />days prior to prepayment.
<br />?. That. wgather with, and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />note secured herehy, the Mortgagor will pay W the ivlortgagee, on the first day of each month until the sai8 note is fully paid, the
<br />fuUow ing runts:
<br />- (a) Amount sufOcrent to px,vtde the holder he[cof wuh funds tc~ pay the next ruortgagc ur>„~_ ,+tmnium if this
<br />irtsuament end the note secured iceteby arc insured, nr a monthly charge (in lieu uJ a nrurtgugr ir,surmrcr prc-
<br />trriunr,+iffhey err itcid h} qtr Secrc~[ary of liousiug and lirh;+n [levclopmm~t, as follows:
<br />f1) If tnd so long as soil cute o! even dal,: and this mstrwncut ore insured ur are n:utsu cad under the pro-
<br />vissuns rf the Natxntai ttousmg ,~tt, an autocrat ouifletent to acwutulate in the bonds of t)rcholdet one
<br />rtaf!ace= rriA-274345 wtuct, oay c „red v,r;~t x4sply s exrv.,+tva tiTA"P6 t3k~ NF,-13KASlL1
<br />HUD-a21d3~i t&:91
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