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MORTGAGE This form is used connection
<br />with mortgages insured under the
<br />one- to four- family provisions of i
<br />the Notiomai .Housing Act.
<br />1'01533'
<br />THiS MORTGAGF, made and executed this 28 th day of March
<br />14 '86 by and between JOHN T tMITLOCK and CHERYL S WHITI..00K, HUSB M AM MI-FE
<br />of the County of and State of Nebraska, party of the first pan. hereinafter called
<br />the: Mortgagor. and 'Supsrior Marton" :I no.
<br />P.O. 11110)( 200111
<br />Grand Island, ME 68M
<br />a corporation organized and existing under the laws of the State of Nebraska
<br />party of the second part. hereinafter called: the Mortgagee.
<br />WITNIE aTH: „That the said' Mortgagor,; for and in consideration of the sum Fi fty Thousand, Saiv ea�H dree on
<br />gagee, the . receipt of which is hereby .acknowledged, has Granted and Sold and by 50,700.00 tt%c sents does Grant, Bar-
<br />gain, Sell, Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following- described
<br />real estate, situated in County of and State
<br />of Nebraska, to wit:
<br />LOT SIXTEEN (16), BISHOP HEIGHTS THiM) SUBDIVISION, HULL COUNTY, 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 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 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 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- described premises, the intention being to convey hereby an absolute title. in fee simple. includ-
<br />ing all rights of homestead. and other rights and interests as aforesaid.
<br />PROVIDED ALWAYS. and these presents are executed and delivered upon the following conditions, to wit:
<br />The Mortgagor agrees to pay to the Mortgagee, or order, the principal sum.of Fifty Thousansan d, Seven Hundred
<br />and Na/ l00ths--------------------------------------------- 11ollars(S 50,700 ).
<br />with interest from date at the rate of Nine and o half per centum ( 9.500 `, ) per annum on
<br />the unpaid balance until paid. The said principal and interest sha I be payable at the office of Superior Mortgage, P.O. BOX 200E pe 9 ge, Inc.
<br />in Grand Island, 'HE 68602 or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Four Hundred Twenty -Six a d pp��
<br />------------------------------ - - - - -- Dollars (S and2 n She first day of each month thereafter antiricl th on_tRe_ Raw of
<br />Mai , 19 86 a principal and in-
<br />terest are fully paid, except that the mt payment of principal and interest. if not sooner paid. shall he due and
<br />payable on the first day of AnrJ 1 2016 : all according to the terms of a certain promis-
<br />sory note of even date herewith execute h the said Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees:
<br />1. That he will pay the indebtedness, as hereinbefore providedX I6ft&
<br />2. That, together with, and 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 saib note is fully paid. the
<br />Hollowing sums:
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<br />��+1���1FIYII
<br />STATt:' Of: NEBRASKA
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