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<br />03"~ ~Jlrf~~~V
<br />Ii~OR'I'GA~~
<br />This form is aced 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 13th day of March >A:D.
<br />19 gl , byand t±etween Stephen J. Douglas and Linch I;, Douglas, ht3g>aa_*td and t~fe.
<br />of the County of Hall ,and State of Nebraska, parry of the-first part, hereinafter caile+d
<br />the Mortgagor, and SUPERYOR 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 in consideratian of the sum of Thirty si.x thousand eight .
<br />htutdred fifty and 00/100--------------------- Dollars f5 36,850.00 ). paid bj~ the Mort-
<br />•.gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant,- Bar-
<br />gain, SeU, 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 wie:
<br />Lot Twelve (12) Piper's Glen Subdivision, being a Subdivision of Lots Eight ($)
<br />and Nine (9), Warren Subdivision, in u'te City of Grand Island, Hall County,
<br />Nebraska
<br />of the Sixth Principal Meridian, containing in all
<br />ment survey:
<br />awes according to Govern-
<br />TO HAVE AND TO HOLD the premiszs above described, with all the appurtenances thereunto behmguig and including
<br />ail heating, plumbing and {fighting fixtures and equipment now ar herrafier attached to or coed in cennectiun with said teat estate
<br />unto the Mortgagee, and to its successors and assigm. fare.er. The Slortgagur represenri to, and covenants v: ith. the Mortga-
<br />gee, that the Mortgagor has gaud right to soli and convey said prrmises: that they are frre irum rncumbrance; and that the
<br />Mortgagor will warrant and defend thr same against the !awful c!aim<~rf ail prr~am iv huntsx>e+rr: and the said M1fartgagur here-
<br />by retirutuishes all rights of homescead, and al! martial right., rrthcr m taw ur m ryurtt..~nd ail other runtingent interests of the
<br />Mortgagor in and to the above-described premises, the intention hetng to cunscy herrhy :.n ahsulute title, in tee simple, includ-
<br />irtgall rights of homestead, and otit<r rights and interests a, afores:trd.
<br />PROVIDED ALWAYS, and these presents are executed and drhvered up,m the following conditions, to wit:
<br />The `Aar[gagor agrees to pay to the Mortgagee. or urdrr, the principal sum of Thirty siX thousand eight huridred
<br />fifty and No/100-°----------------------- Doilarst5 36,850.00 1.
<br />with interest from date at the rate of gpyr~n per ccntum ( 19.00 ~) per annum on
<br />the unpaid balance until paid. Thr said principal and interest shalt he payable at the office of
<br />Superior Mortgage, Inc.
<br />in Grattd Island, Nebraska . ar at such other place as [he holder of
<br />the note may drsignaie in writing, in monthly installmrnts ut Four hundred thirty six and 53/100--°-----
<br />Ch>ilar~ [5 935.63 1. commending oo the first day of
<br />May , !v 81 .and url [he tint Jay of each month thereafter until the prins:ipal and in-
<br />terest are fully paid, except that the final paymrnt ut principal and interest, if nu[ soonrr paid, steal! be Jue and
<br />payable on the firer day of April 2011 : all according to the terms of a certain promis-
<br />sory twle of evrn date herewith ceecuted by the .aid ~tortgagur.
<br />The !viortgagar to order mare fully to pnrirct the security of this Mortgage. agrees:
<br />:. "fh ~ .~,,. Rsii pay tix indrbtednrss. as hr:rirsrfurr prteidrd. Priviiegr [s reserved to pay the detri in w--hale, aril an
<br />amount rc3ual to one or morn monthly payments on the principal that art neat due un rite note, un the fini day of any month
<br />prior to maturity: Provided, however, Thai',ti~ritten rx~tice of an imrntiun to exercise wch pnvifege is given at least thirty 130)
<br />days prior to prepayment.
<br />.. 'that, togethor with, and in addition to. the munthiv payments of principal and interest payahle under the terms ttf the
<br />note ucurrd hereby, the Mortgagor will pay w the Mortgagor. urt the t7ct dey of each month omit [hr sets Hate is lolly paid, the
<br />fatkrwing cams:
<br />Sal Amount sufficient to provtdr rite haider hereof with futxis ru pay the next muri~gr insuratrer premium if this
<br />uutrunrent and the note secured hereby ate insured, o: a monthly charge i'Pn lieu ~'1 a rnrrrfgttge msr.ranze f>re-
<br />rs{brnr/ [I they art ttetd fry the Secretary of t3tutsing and Urban 17evrlopn±er[t. ?s t~riluws.
<br />ttj if and ao iatg as said Hate rrt even date and thix inetrurnent ate in st[red +~r ;ua remsu red utrdet the !+ro-
<br />vt>tttutx of ttw FFanarrst! Hat[enng Act, an amount suffieient tr 3~cuanniate rn the hands at the holdr[ +rnr
<br />rktw~as rrt~~2.a3st n.,.-:a rrbv r.~ ~,;ea, =~n,.: s3nur, ,c ~».~„mr3 ~1~ArF: 1 tt•~ 1 r:ttB..~bta-:1
<br />'rr1U t)2t43R4 i~-73)
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