|
This form is used in eonnec-
<br />a~ tion with mortgages insured
<br />1~Ao~ 14TAGL1' under the one- to four-family
<br />provisions of the National
<br />Housing Act.
<br />
<br />THIS MORTGAGE, made and executed this 17th day of December ,A,p,
<br />Y9 81 ,by andhetween Rarl J. Hardy and Linda R. Hardy, Husband and Wife
<br />of the County of Hall ,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 of Nebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNESSETH: That the ,did Mortgagor, for and in consideration of the sum of Forty nine thousand two
<br />hundred fifty and No/100ths---------------- Dollars ($49, 250.00 ), paid by the Mort-
<br />gagee., the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant. Bar-
<br />gain, Self, Convey and Confirm unto the Mortgagee, its successors and assigns, forever. the following-described
<br />real estate, situated in the County of Hall ,and State
<br />of Nebraska, to wit:
<br />The Southerly One htmdred twenty (120) feet of Lot Seventeen (17),
<br />Nottingham Estates Subdivision, in the City of Grand Island, Ha11
<br />County, Nebraska
<br />of the Sixth Principe! Meridian. containing in all
<br />ment survey:
<br />acres acarrding to Guvern-
<br />TO HAV E AND TO HOLD the premises ahoy Jescrihrd, with :dl the appurtenances thrreunur belonging and inc-uding
<br />all heating, plumhing and ligF,ting fixtures anJ equipment now ur hereafter utWChrd to ur used in tonnectiun with sail real estate
<br />ttntu the Martgugce, and to its uccrssars and assigns, forever. Thr Mortgagor represents tu, and cuvemtms with, the Murtga•
<br />Rrr, thttf the Mortgagor hors gtwd right to sell and convey said premises; that they arc tree from encumt+rtnce: and that the
<br />Mon,r~tr will waRant arni defend the some against the lawful clatmi, of dl persons whumsaever; and the said'.tiartgattor here-
<br />kty rt:linqui$hrs ail rightx r,f homestead, and all martial right+, either in law:rr m equity, and.all uthrrcuntitt~nt interests of the
<br />Mrufgtrilrtr inuad to tfte pive-descrtk}ed prrmtarrt, the intantton bring Sea vt}nve_v herchy an uhsulute title, in fee ximplr, im;#ud-
<br />it~ ai( rights rEf hEUmestead, iz-uf other rights :ind rntrrests,ss gfurefuid
<br />fr~()~ff)Ef)',Af,~Y.+~Y s, and their prrsentk are rxevutrrf anJ delivered uptm tfrr fntluwing cautditiuns, w wit:
<br />The Mortgagor agrees to pay w the Mortgagee, ur ordrr, the principal sum of Forty nine thousand two
<br />htmdred fifty and No1100ths p"Iltus t5 49.250.00 1~
<br />with interest from data ut the rate of Fifteen and tfie-half par cennun ( 15.50 `t;) per annum un
<br />the unpaid balance until paid. '1'Itr said pritn:ipal and interest shall he payable ut the ulfice of Superior Mo7rtgagtl, Inc.
<br />in t:rartd Zaland, NS , ur ^t .uch Nh ~a the huidrr ut
<br />the Hutt may desit;rtate in writing, in rnonthlY installments of Six hundred forty two anc~ ~%lb~~~is----
<br />!]u!-urs t$ 6A2 .~ 7 t. cxuntnrnung on the first day ui
<br />~brtipry . Iq g2 , uad un the first day of each munch thrrraflrt until the principal and in•
<br />trrest arr fully paid, except thul the final payment of principal and intrraa, if nut ,owlet paid, ,hull br due and
<br />payaldr c~tt the first day of .Iantzary, 2012 : uli accordinic to the terms of a certain promis-
<br />sury Harr of even darn herewith rxreutrd by the .aid Murtguttur.
<br />The Mortar in ordrr mars Iul1Y to pratoct Ihr security of this Mortgage, utsrcrs;
<br />#, 'That he will-pay the itttfrhtadnrsa, as hrreinhelure provided. Privdegr is reserved to pay the Jeht in whale, nr in an
<br />amoaat equal to uae or more monthly puymfnts un khr pritt+:ipa! the! are next due un the Hair, art the first day of any month
<br />prior to maturity; f'rvvirtad, however, "That written rtutica of an intrntiun to exercise wch priviktte is givra ut least thirty t3tt1
<br />day'; prior W prrpuymant.
<br />2. That, togrtlror with, and in addition ta, the monthly payments uF principal and imerrst payable unJrr the terms of rho
<br />note secured hereby, the Mortgagor will pay kt tht Mortgagee, on the first day of each month untihhe sniff Harr is fully paid. the
<br />following sums:
<br />(a) Amount wfficiatu to provide the huldae hrrvnrf with funds a, pay the next mortgage insurance prenuunr rf this
<br />itratrunrent and the Horn secutrd hereby are msurrd, or a monthly charge (in fitu u)'a MeerrgrtgC insumrrcr Frrr-
<br />mfumJ if they arr held by the Secretary of Housing and tlrhan lkvelupntrrtt, ;u tulMws.
<br />(f) if' afld so hmg :ts stud Hale of even darn and this rastrwnant are insured or arr reinsutrJ undrt the pro.
<br />vtsitme of the Nuttunal Housing Act, as amount sutY)eiant to accwnutate rn the hands of the huller unr
<br />~:R~ F::A iti3r.t wn+ci may iw urwi ~md supply a oxhxuttaa R'I"t'f A t)f<" ;YIiIiYaAfii
<br />NUU•8?ti3M hi-7N1
<br />
|