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<br />MORTGAGE
<br />This form is used in connec-
<br />tion with mortgages insured
<br />under the one- to four - family
<br />provisions of the National
<br />Housing Act.
<br />THIS MORTGAGE, made and executed this 23rd day ofNovember A.D.
<br />19 82,by and between James D. Roth and Donna F. Roth, 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 existing under the laws of Nebraska .
<br />party of the second part. hereinafter called the Mortgagee,
<br />WiTNESSETH: That the said Mortgagor, for and inconsideration of the sum of Sixty three thousand six
<br />hundred and No j1(�----------------------------- Dollars ($g3 , 6 0.00 ), paid by the Mort-
<br />gagee, the receipt of w6tch is hereby acknowledged, has Granted and Sold and y these presents does Grant, Bar-
<br />gain. Sell. Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the - following- described
<br />real estate, situated in the County of Hall and State
<br />of Nebraska, to wit:
<br />Lot Three (3), Double R Second Subdivision, in the City of Grand Island,
<br />Hall County, Nebraska.
<br />of the Sixth Principal Meridian, containing in all
<br />merit survey:
<br />acres according to Govern-
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br />unto the Mortgagee, and to its successors and assigns, forever. The Mortgagor represents to, and covenants with, the Mortga-
<br />gee, that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance: and that the
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever; and the said Mortgagor here-
<br />by relinquishes all rights of homestead, and all martial rights, either in law or in equity, and all other contingent interests of the
<br />Mortgagor in and to the above - described premises, the intention being to convey hereby an absolute title, in fee simple, includ-
<br />ing all rights of homestead, and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Si xty three thou sand s i x
<br />hundred and no /100-------------------- - - - - -- Dollars ($ 63,600.00
<br />with interest from date at the rate of Twelve and one-half per eentum ( 12.50 ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the (Ace of
<br />SUPERIOR MORTGrAGE, INC. Grand Island, Nebraska or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of $$11x hundred seventy and. 78�OC -
<br />lloltarsi$67 &,7g ),�iit m rid a stdayof
<br />Jafth�rY , 19 83, and on the first day of each month thereafter until the principal and in-
<br />terest are paid, except that the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on the fast day of QQmm�� 2012 : all according to the terms of a certain promis-
<br />sory note of even date herewith executed by t��38Yd'O�tgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />L That he will pay the indebtedness, as herembefore provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to one or more monthly payments on the principal that are next due on the note, on the first day of any month
<br />prior to maturity: Provided, however,'rhat written notice of an intention to exercise such privilege is given at least thirty (30)
<br />days prior to prepayment.
<br />2. That, together with, and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />rune secured hereby. the Mortgagor will pay to the Mortgagee, on the first day of each month until the said - - is fully paid, the
<br />following sums:
<br />(a)- Amount sufficient to provide the holder hereof with funds to pay the next mortgage insurance premium if this
<br />instrument and the note secuted hereby are insured, or a, monthly charge (in lieu ol'a mortgage insurance pre -
<br />miuutj if they are held by the Secretary of Housing apd Urban Dcvelopnxnt, as follows.
<br />(1) If and so long as saift note -of even date and this mstrur lent are insured or are reinsured under the pro-
<br />visions of the National - blousing =Act. an amount sufficient to accumulate in the hands of the holder one
<br />F*pia . FHA-2143M which may by u"d until wpriv a cFt+au,te,t _ STATF OF NEBRASKA
<br />HUD- 97143M (9, 79)
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