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86 -__ 101743
<br />MORTGAGE This Conn is used under the
<br />with t mortgages a insured pr under titf
<br />one- to tour-family provisions of
<br />the National Housing Act.
<br />THIS MORTGAGE. made and executed this 9 th day of April A.D.
<br />19 86 , by and between CALVIN B. SPLATTSTOESSER and ROUYN L. SPLATTSTOESSER, HUSBAND AND WIFE
<br />of the County of FALL and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, avid Superior Mortgage Inc,
<br />P.O. 80x2006
<br />Grand Island. NE 68802
<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 />WITNESSETH: That the said Mortgagor, for and in consideration of the sum of Forty One Thousa d E h
<br />Hundred Fifty and Mo /100ths----- --- ----- ------------ ---- fkotlars 6 111,850.00 �, fiatc �ytthe Murt-
<br />gagee, the receipt of which is hereby acknowledged. has granted and Sold and by these presents does Grant, Bar -
<br />pin, Sell. 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 />LOT FIFTEEN (15) BLOCK TWENTY (20) IN SCARFF'S ADDITION TO WEST LAWN IN GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA
<br />of the Sixth Principal Meridian, containing in all acres according to Govern-
<br />ment survev:
<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 :md 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 interest, as aforesaid.
<br />PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions• to wit_
<br />The Mortgagor agrees to pay M the Mortgagee, or order. the principal sum of Forty One Thousand, Eight
<br />Hundred Fifty and No/ 100ths- -- ------- ----- --- ------ - - - - -- f ?ollarsly 41,850.00 t
<br />with interest from date at the rate of Nine and one half pet :ci+tum ( 9,500 1 per annum on
<br />the unpaid balance until paid. The said principal and interest shalt he payable at the office of Superior Mortgage, Inc.
<br />P.O. BOX 2008
<br />in Grand island, NE 68802 or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Three Hundred Fifty -One nd 90 100tha------------
<br />------ -- ---- ------------------------- - Dollars, 1$ 351.90 �, conut�c Icing on the first day of
<br />June . 19 86. and on the first day of each month thereafter until the principal avid in-
<br />terest are fully paid, except that the final payment of principal and interest, if not sooner paid, shall be due and
<br />payable on the first day of May 2016 all according to the terms of a certain promis-
<br />sory note of even date herewith executed ity 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 provided. jggjt�tlefH( iFYYlIix+ t4atlYtf�li44t ftu2YlMt�wY4Fi4�tVtr
<br />_117ty}ya � reserveq iW p�J OfOL, In Nrq le or to part, on any installment
<br />dYe date.° (�Q.�y. f
<br />2. That. toitclher with. and in addition to, the monthly payments of principal and interest payable under the terms of the
<br />nirte 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.
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<br />STAII M N1nnASKA
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