|
~ ' l,'
<br />i "Phis farm is. used in'eonttec-
<br />7~,~,~gr~+~ry ~e lion with mortgagee inaured
<br />l~"I40~ i Vi~tti'.]r~ under the one to Eou~rrfamily
<br />prdvisiorra 'of the National
<br />Housing Act.
<br />81- ~U5952
<br />T'HfS Mt)RTC.AGE, made and executed this 30th day of Novetttber ,A.D.
<br />19 Bl ,byaedbetween Ratsdy J. Quaife and Shelley J. Quaife, Husband and ufife
<br />~ Nee County ~ X11 ,and State of Nebraska, party of the firs[ part, hereinafter called
<br />thrMorcgagor,and Superior Mortgage, Inc. ,
<br />a corporatist organised and ezisdng under the laws of Nebraska
<br />party of tits second part. hereinafter called the Morcgagee,
<br />WITNESSETH: That the said Mortgagor, for and in consideration of [he sum of Twenty six thousand three
<br />hundred and igo/100ths-------------_ -------- Dollars ($ 26 r 300.00 ), Paid by the Mort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Soid and by these presents does Grant, Bar-
<br />gain, Setl, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the followingtlescribeu
<br />real estate, situated in Me County of Hall ,and State
<br />of Nebraska, ro wit:
<br />All of the Sasterly Thirty two and One-Fotu~th Feet (E324) of the North One-
<br />Half fNi!) of Lot Bight (8) of the County Subdivision of Part of the S-ISE4
<br />of section 33xteen (16)r in Totvnship Eleven (11) North, Range Nine (9)
<br />hest of the 6th P.M., Ha11 Cottntyr Nebras7.a
<br />of the Sixth Principal Meridian, containing in all acres according to Govern-
<br />ment survey:
<br />TO HAV E ANA TO HOLD the premises above described, with all the appurtenances thereunto belonging and including
<br />alI heating, plambing std lighting fixtures aad equipment now ur hereafter atwched to or used in connection with said real estate
<br />" unto the Mortgagee, and to itssuccessars and assigns, forever. The Mortgagor represents to, and covenants with, the Mortga-
<br />gee, that the Mortgagor has good right to sell and convey said premises; [hat they are free from encumbrance; and that the
<br />Mortgagor will warrant and Mend the same against the lawful claims of all persons whomsoever, and the said Mortgagor here-
<br />.,', tty telitxlttishex al! tights of hoatestead, and all martial rights, either in law or in equity, and all other contingent interests of the
<br />fdorigagot in and to file above-descritrad premises, the intention bt:ing to convey hereby an absolute title, in fee simpk, includ-
<br />i~ elf rests of homestead, and atfrcr sigftis amf irtt€essts as aforesaid.
<br />i3ROt?fDEL ALWAl~i S, tht:se presents axe executed aid delivered upon the following conditions, to wit:
<br />- -
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum of Ttrertty six thousand three
<br />httttdrad and Noll00ths ----------- Dollars (3 26 r 300.00 1•
<br />with interest from dste at the rate of Sixteen and t?tts-half per centum ( 16.50 ~) per annum on
<br />the unpaid twlatttx until paid. life said principal and interest shall be payable at the office of Superior Mostgage r Inc.
<br />in grand- Island Nebraska , or at such ether place as the holder of
<br />the Hate may designate in writing, in ntonthf y installments at Three hundred sixty fear and 29/i00ths---
<br />~..,_~_~,._......._.,~ Dothtrs (S 364.28 1. commencing an the lust day of
<br />19 02 , and an the first day at each month thereafter until the principal and in-
<br />tarea( ale tttexcept that the final payment of principal and interest, it not sooner paid, shall be due and
<br />payable on the first day of Deoatnb@r, 2p11 ; al! according to the terms at a certain promis-
<br />spry nuts of even date herewith txecuteu oy the sat Mortgagor.
<br />'the Mortgagorin cadet more fully to prefect tits security of this Mortgage, agrees:
<br />1. That he wiA pay the itakbtednws, as itcrcinbatare provided. Privilege is reserved to pay the debt in whole, or in an
<br />atnouni ttgt~l-Matte tx maxe monthly payments an the principal that era. next due on the note, an the first day at any month
<br />pritu to tttatutityz Pmvidcd. helve-vat, 71uu writtsa notice of as ~tueatiun to exercise. such. privilege is given at least thirty 130)
<br />days. prier tp prttpaytdent,
<br />2< -Tina, tagptl~r witA, aad ~ addition to, the atonthly payments. of principal and interest payable undo the terms of the
<br />noUe socarad heretiy, tMt MartQagorwig pay to the Mortgagee; on the first day of each month untg the said note is fully paid, the
<br />foliotv"trtgattms:
<br />(a) Amount utffkiertt to provide the hdder hereof with funds to pay the nett mortgage insurance prenuum if this
<br />inatxum~t and t)te note-secured hereby are imsttred, tua.monthly charge /trt flea aJa mwr~e-insurnrtr~ pre-
<br />mttrm) if they arc held by the Secretary of Housing and Urban fkvetopment, as [allows:
<br />(Ij if aad so tong ar said note of even date :nd this instrurexnt are insurod s arc reinsured under the pro-
<br />vialats at the National Act, an amount auffi.:ient to accttmtilate in the hands of the hddet uttc
<br />S'i'ATMt3FNHftIiA~ICA
<br />Replacer FHA•2tr;3kl whlcit+*gM W us~cl urtti! 1~8r+tY istxNwtrW NVS?a9214~M t4-791
<br />
|