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- p""'*- This form is used in connec-
<br />- Lion with mortgages insured
<br />MORTGAGE under the one- to four-family
<br /> provisions of the National
<br />
<br />81 -. DU46'73 Housing Act.
<br />THIS MORTGAGE, made and executed this llth day of September ,A.D.
<br />19 g], .by and between Jeanette E. McCarthy, a single person ~-.
<br />of the County of Hall ,and State of Nebraska, party of the first pazt, 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 in consideration of the sum of Thirty eight thousand and
<br />No/100ths------------------------- Dollars ($ 38 , 000.00 ). paid by the Mort- -= -
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar- -
<br />gain. SeIP. 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 Five (5), Kallos Subdivision, in the City of Grand Zsland, Hall Cotmty,
<br />Nebraska
<br />of the Sixth Principal Meridian, containing in all acres according to Govern-
<br />mentsurvey:
<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 coaneetion with said real estate
<br />unto the Mortgagee, and to its successor and assigns, forever. "fhe Mortgagor represents m, 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 perwns whomsoever; and the said Mortgagor here- -
<br />hy relinquishes all rights of homestead, and all martial rights: either in law or in equity. and all other contingent inte[ts[s of the
<br />Mortgagor in and to the above-described premises, [he intention heting to cum~ey hereby an absolute title, in fee simple, includ-
<br />ingall rights of homestead, and other rights.md interests as aforesaid.
<br />PROV IDED ALWAYS, and these presents are extcutrd and delivered upon the following condition, to wit:
<br />Thr Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Thirty eight thousand and -
<br />No/100ths-_Y_~~_w~__~________________ Dollars t$ 38,000.00 )•
<br />with interest from date at the rate of Sixteen and One-half per cen[um ( 16.50 %) per annum on
<br />the unpaid balance until paid. The said principal and interesi shall he payable at the office of Sugerior Mortgage, Inc.
<br />in Grand Island. NE , or at such other place as the holder of
<br />the note may designate in writing, in monthly inswllmenu of Five htutdred twenty six and 36/100ths----
<br />_________ Dollars t$ 526.336 1. cununencing an the fast day of
<br />Nov r _ - • 19 81• and on the first day of each nwnth thereafter until the principal and in-
<br />terest are fully paid, except that thr final payment of principal and interest, if nut wooer paid, shall tee due and
<br />p;tyuhle an the first day of October, 2011 ;all according to the terms o[ a certain pramis-
<br />sorynote of even dote herewith executed by the said Mortgagor.
<br />Thr Mortgagor in order more fu41y to protect the security of this Mortgage, agrees:
<br />I. That he will pay the indebtedness, as hrreinbefure 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 ore next due on the note, on the first day of any month
<br />prior m matw'ity: Rovided. however, Thal written notice o[ an intention m exercise such privilege is given at least thirty (30) - -
<br />days prior to prepayment.
<br />?. That, together with, and in addition to, the monthly payments of principal and interesi payable under the terms of the _T
<br />note secured hereby, the Mortgagor will pay to the Mortgagee, on the first day of each month until the said note is fully paid, the
<br />following sums:
<br />(a) Amount suflicient to provide the holder hereof with funds m pay the next mudgage insurance premium if this
<br />instrument and the note secured hereby are insured, ur a nwnthly charge /in lieu of a nuxtgrge irrnrmnce pre- ~.
<br />mium) iF they are held by the Secretary of Housing and Urhan Ikvrlopment, as follows:
<br />(I) If and su long as said note of even datr and this instrument are insured or are reinsurod under the pru•
<br />visions of the National Houstag Act, an antoant suf0eient to accumulate in the hoods of the holder una
<br />ROU~ecn~ rH A~Zt4;1M which may bn uttld unnl SupV~y n nxhaustad ti7 ;1Th; OF' NEftRA$KA '_
<br />t1UD~ti711:fM 19-791 C
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