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<br /> This form is used in cunner-
<br /> tinn with mortgages insured
<br />MORTGAGE under the one- to four-family
<br /> provisions of the National
<br /> Housing Act.
<br />~}~ ~{3; ry
<br />8~ "~~ rJ'tJtF7 f R
<br />THIS MORTGAGE, made and executed this 29th day of Novetnber A_p,
<br />19 82 .by andbe[ween Michael S. Tagart and Janet M. Tagart, Husband and Wife
<br />of the County of Hall ,and Slate of Nebraska. party of the first part, hereinafter called
<br />the Mortgagor, and
<br />Superior fdortgi:ge, Inc.
<br />a corporation organised and existing under the caws of Nebraska
<br />party of the second part, hereinafter rdled the Mortgagee.
<br />WITNESSETH: That the said Morgagor, for and in consideration of the sum of Forty Thousar:d Three Hundrefl
<br />Fifty aD To 100ths------------------ Dollars (S 40, 350.00 )- paid by the Mort-
<br />gagee, the receipt of u~htch is hereby acknowledged, has Granted and Sold and by these presents does Grant,-Bar-
<br />gain, Sell. Cvm•ey and Confirm unto the Mortgagee, its successors and assigns, forever, the foNowing-described
<br />real estate, situated in [he County of Hall ,and State
<br />of Nebraska. to wit:
<br />Lot Three (3), except the Easterly One Hundred Sixty-five (165.0)
<br />feet thereof, Scheel's Subdivision, Hall Cottn'~y, Nebraska
<br />of the Sixth Principal 'tleridian. containing in all
<br />mentsun•ev:
<br />acres according to Govern-
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto bebnging 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 />ants the Mortgagee, and to its successors and assigns. forever. The Mortgagor represents to, and covenants with, the Monga-
<br />gee, that [he Mortgagor has good right to sell and convey said premises: that they are free from encumbrance; and that [he
<br />Martgagor wit}warrant and defend [he same against the lawful claims of ail persons whomsoever, artd the said Mortgagor here-
<br />by relinquishes ail rights of homestead. and all martial rights, either in law or inequity, and all other contingent interests of the
<br />Mortgagor in and to the above-describedpremises, the intentian being W convey hereby an absolute title, in fee simple, inGud-
<br />ing all rights of homestead, and other rights and interests us aforesaid.
<br />PRO\'IDED AL\4'AYS, and these presents are executed and delivered upon the following conditions, ro wit:
<br />The Mortgagor agrees to pay to [he Mortgagee, or order, the principal sum of Forty ThOUSand Three Hundred
<br />Fifty and No/lOCths--------------- Dollars (5 40, 35G.00 )•
<br />with interest frot^ date at the rate of Twelve per cen[um ( 12.0 `~) per annum on
<br />the unpaid balance unril paid. The said principal and interest shalt be payable at the office of y^typhpritror f•;o~tgage, Inc.
<br />in Grand Island, Nebraska Four Hundred Fifteen andotQ~~~~t~is eholderof
<br />the note may designate in writing, in monthly installments of - -
<br />pollars fS 415.05 }- commencing an [he first day of
<br />January , l9 g 3 ,and on the first day of each month thereafter until [he principal and in-
<br />terest are fully paid, except that the fins! payment of principal and mterest, if not sooner paid, shall be due and
<br />payable on the first day of December, 2012 ; atl according to the terms of a certain promis-
<br />sory note of even date herewith executed by [he said Mortgagor.
<br />The Mortgagor in order more fully ro protect the security of this Mortgage, agrees:
<br />L That he wilt pay the indebtedness, as hereinbefore-provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to one sir mare monthly payments on the principal that are next due on the Hate, on the first day of any month
<br />prior to maturity: Provided, however._'Chat written notice u[ an intention to exercise such privilege is given at least-thirty (30)
<br />days prior tti prepaymeht.
<br />2. That; together with, and in addition to, the monthly payments of principal and interest payable under [he terms of the
<br />ntxe secured hereby, the Martgagor wit! pay to the Mortgagee, on the hest day of each month until the sai8 note is fully paid, the
<br />follawing sums:
<br />fa) Amount sufficient to provide the holder herraf with funds to pay the next mortgage ms:, c premium if this
<br />itrstrummtt and the note secured hereby ace insured, or a monthly charge %in lieu a/~a rnr~rtKrk;r insuraner fre-
<br />miumJ if the}' are held by [he Secretary of tfousurgand Lhban 1)cvelapmeru, as ibllows:
<br />(i) lr acrd sit lung as said state <el evert date and flits nrstruntent nn. insured ar arc reinsrued under the peer
<br />vtsrons of the "iauatral Hausireg-Aet, alt arnount sufficient to accunmfare in the hands of the balder our
<br />rte~rx:er FNA-?t~7M ws„c'+++*+.r. tw usn-1 anal wurarr ~z eahau:tad >+Tr\7'E (1N"tiE;fiKAS1iA
<br />- NUS-U2103M t9~79t
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