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<br />This form is used in connee-
<br />tion with mortgages insured
<br />MORTGAGE under the one- to four-family
<br />provisions of the National
<br />~ Housing Act.
<br />UU46$2
<br />THIS MORTGAGE, made and executed this 11th day of September ,A.D.
<br />l9 81 , by and between Joseph J. McCarville and Jan L. McCarville, Husband and Wife
<br />of the County of Aall ,and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and Superior Mortgage, Inc.
<br />a corporation organized and existing under the laws oP Nebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the said Mortgagor. for and in consideration of the sum ofThirty eight thousand and
<br />No/100ths-----------__r__________________ Dollars t$ 38,000.00 ~ ), Paid by the Mora
<br />gagee. the receipt of which is hereby acknowledged. has Granted and Sold and by these presents does Gran[, Bar-
<br />gain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following-0escribed
<br />real estate, situated in the County of Hall ,and State
<br />of Nebraska, to wit:
<br />Lot One (1), Kallos Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska
<br />of the Sixth Principal Meridian, containing in all acres according to Govern- -
<br />mentsurvey:
<br />TO HAV F. ANll TO HOLD the premises above described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now ur 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 hxs good right to sell and com~ey said premises; that they are free from encumbrance; and that [he -
<br />Mortgagorwill warrant :md 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-descrihed premises, the intention being to convey hereby un absolute title, in fee simple, includ-
<br />ingall rights of homestead, and other nght, and interests as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed :md delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Thirty eight thousand and
<br />No/100ths---------°---°-^-^---_-^-------- Dollars ($38,000.00 )•
<br />with interest from dote at the rate of Sixteen and One^half per centwu ( 16.50 `~) per annum on
<br />the unpaid Mdancr until paid.'I`he said principal and interest shall he payable at the office of Superior Mortgage, Inf.
<br />in Grand Island, NE 68801 or at such other place as the holder of
<br />the note may designate in writing. in monthly installments of Five htmdred twenty six and 36/100ths-----
<br />~__-_..-_-_..-_-~_....,..,---- Ikrllan 1$ 526.36 ), commencing on the first day of
<br />November • 19 81 . and on the first day of each month thereafter until the principal and in-
<br />terest are fully paid, except that the final payment of principal and interest, if no[ sooner paid, shall be due and
<br />puyuhle on the first day of October 2011 ;all according to the terms of a certain promis-
<br />snry note of even dote herewith executed by the said Mortgagor.
<br />'I`he Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />1. 'Chat he will pay the indebtedness, us hrreinbe[are provided. Privilege is reserved to pay the debt in whole, or in an
<br />amount equal to one or more monthly payments wr the principal that :ue next due on the note, on the first day of any month
<br />prior to maturity: Provided. however, Thul written notice of an mtentiun to exercise such privilege is given at least thirty 130)
<br />days prior to prepayment.
<br />:. That, together with, and in addition to, the monthly payments of principal and interest payable under the terms of the
<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 />(s) Amowrl sufficient to puwtde the holdef hereof with funds to pay the next mortgage insurance premium if this
<br />msttwnent and the note secured herby aro insured, or a monthly charge (in lieu of a mortgage insrmnce pre-
<br />rrtiwu) if they are held by the Secretary of tluusirtg and Urban Development, as follows:
<br />fl) II and so lung 4s said note of even date and this instrument arc insured or are reinsured under the pro-
<br />vt:iuns of thv National Housing Act, an amount suft)cirnt to accumulutr in the hands of the holder cue
<br />tl+n+xm f rw a u:IM v,nwn may lw v.vu v„rd rvvaH s a.aaoaw 5'1'A'1'E: DE' NIiHK ASK.\
<br />rn1U-87143M (9791
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