|
- { Tbis form is u,seci' in conrtc~-
<br />r~ ~^t tion with mnrt,Rages insured
<br />~~~ i'V~GrLj' under the oere- to fo~;rr-farni]v
<br />groFZSions of th~E i~iational
<br />Housing Act;.
<br />_ 83 t)~t5iJ6~
<br />THIS-iN+ORTGAGE. made and.executed this 2ttd day of detober ,A.D.
<br />19 t!2 ,brand between t3Eeven S. 1112en and Catherine M, Allen, Husband and Wife
<br />ofihe Cau~yof Ball- ,and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor,attd Superiar I~brtgager Inc.
<br />a corporation organized and existing under the laws o[ Nebraska
<br />patty 8I the seedmt part, hereinafter carted the Mortgagee,
<br />t+VtTNESSETH: That the said Mortgagor, for and in consideration of the sum of Thirty eight thousand and
<br />Ho/TOOtha ---~-••~---- Dollars ($ 38 r 000, 00 ), paid by the Mort-
<br />gagee, tlie`receipt of which is hereby acRnowiedgtd, has Granted and Sotd and by these presents dues Grant, $ar-
<br />gaie; Se'lt; Convey and- Confrrrr, unto. the Mortgagee, its successors and assigns, forever, the foUowing~described
<br />reel estate;-sittatt+ed in the Coanty of Ball ~ and State
<br />of Nebraska, ur wit:
<br />Lot Tt1o (2), J. S. C. Subdivleion, in the City of Grand Island, Hall
<br />twsrtty, Nebraska
<br />~ the-sixth Ntitu:ipal Meridian, containing in all
<br />enter ttttrvrvey:
<br />:IereS at:CO[tilr~ t0 GOVtm-
<br />TQ HAVE AND'I'O HOLD the premises above ~kxribed, with all the appurtenances thereunto bettingiryt anti itichtditrtt
<br />sort heating, plumbing and tightittg fixtures and equipment tty~w .,r hereafter attached to or used in connection with said real estate
<br />tattttthe Mc+rtg~ee, and to its successors and assimrs, forever. The Mortgagor represents to, and covenants witA, the Mortga-
<br />-get. that the INaftgagur has grvod nght to yeti and convey said premtses; that titer arc fret from enetunbrattce: sea that the
<br />Motrtliapur wilt wamwt ant! defend the same agaittat the lawful claims of all persons whomsoever, an0 the said Mtittpgor here-
<br />hyria~r< a_ii ruts t-~t lstaad _ a€l rim, eitAm in law oc in oyuity, and all caber cuutirtgent iatsrest. of tAe
<br />in seat to the c-dad~~stbett Ft.~~ tl~ i±€€t~n hatter to €;onvey herahy an absa-utE ~rtle, in f+rE steeple. ino-
<br />t~ alI rtghis crt tsc€s:tast€aa s~~ oihe€ €€girti and ri€~€ '. , a ,:~rc~id.
<br />PROVIDED ALLAYS, and these pre;euts are executed and detivered upon the fotiowingconditrens. to wet:
<br />The Mortpgor agrees to par to the Mort, ur txdcr, the principal stun ut Thirty eight thousand and
<br />!b/100ths i~~'t$ 38.000.00 t~
<br />with interest frtatrt date at the rate of Stavanteen and. One-half -per cetitum ( 27.50 "~ } per asawtn on
<br />the unpaid balance unto paid. Tha said principal and ietrrcat shall bo payable at the office of gyp~3or iMatttgagea It1c.
<br />in Grand Islatadr t+lpAraska , or at such other place as the itoider of
<br />the route may desittnate is writing, in montAly mswihneats of Five hunclretd f lfty reeves and 20/100tha--
<br />iAiliars (3 557.20 t, currtmettdttg on the first day of
<br />r , 19 81, and on the first day of each month thereafrcr until the principal and in-
<br />terest tut tally pttld, Cxctpt that the final paygmtat of prin:ipal and interest, if not sooner paid, shag ht due and
<br />paya6ip an tits Cost day of Navtatattar, 2611 : all acctxdtitg to the terms of a certain promis-
<br />xury ttt?tr< of even d>tte herewith executed b}' the said Mortgtytor.
<br />`The Mwttltrgor is ~xder taws folly w protect the security at this Marttiage, agrees:
<br />t. Thal-ire witpAy rite intkbt~ness, as I+ereinbttore t+rarided, Privilege is reserved to pay the debt in whole, tx in an
<br />a~sunt ~ ur tav`vre.~tuAlit payments on the principal that art next due on the note, cut the Est day of any taonth
<br />ptitvr to ttiRt;Wiityt !'nt~vd. howayer, Tb:wt written sprier tvf an inttntiyn_ to exercise Bitch privilege is given at feast thirty (30i
<br />there pew to ~eprytr~nt-
<br />~. Thttt, toret4er with, and in addition to, the monthly iwyments of principa! and iettnat payable under the terms of the
<br />n~ sCCiu+it~liereli-y~ theltlot~tr wi0 pay to-the Mortgagee, tin the first dAy of each month aatt~ t?ie saiD note is fatty paid, the
<br />fofim+rsti stuns:
<br />(a) Amount sugktient to ptuvhk the holdex hareaf with CuaJs to pay the next mwtttagt ittwrance prenuum ii this
<br />iitstrufuent seal-the twee secured imreby are itpatred, or a nwatldy chsr,Be (tn litat r+ja tnuetg~e uraunsrce pre-
<br />miutnJ if they are held by the Secretary of Htwsingand Urhau tJeveioprrtertt, as faUnv.-s-
<br />'t ll ~ tt' su ton~t ~ said ~Mt of even dater and r~rb itratrutiteet arc iesurcd ur ate retmuted ureter rite pm-
<br />vistctits +tt` the Natttattai tiwtstutg Art, an amount sitffit~lettt to securnu}ate err Live borate of the bolder ixte
<br />Pirr.NacEa FHA~2t#7At wRrcA9 mar hR ~nri Unt+~ r.+€Nstr rf p.h~r,iw.1 S'FA~'f~ tit' it"sNIiA.tiii,+t,
<br />4rUt7~A2119M t8-7"91
<br />
|