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$f- 102693
<br />MORTGAGE
<br />I This form is used in connection
<br />With mortgages insured under the
<br />one- to tour - !amity provisions of
<br />the Natiorrat Housing Act.
<br />THISMORTGAGF. made and executed this 23 rd ilay of May A.D.
<br />19 96 by and between
<br />LARRY G. KORBELIX AND VIRGINIA N. KORSELIK, HUSS D AND WIFE
<br />of.the County of HALL and State of Nebraska, party of the first part, hereinafter called
<br />the Mortgagor, and Superior Mortyagt Inc.
<br />P.O. Box 2009
<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 Mortgagm
<br />WITNESSETH: That the said Mortgagor. for and in consideration of the sum of Fifty Seven Thousand F ft
<br />and No/ t00ths ------------------------------------------------ lNillarsiS 57,050.00 1, paid ris, liort-
<br />gagee, the receipt of which is hereby acknowledged. has Granted and Sold and by these presents 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 the County of WILL and State
<br />cif Nebraska. to wit:
<br />LOT TWENTY EIGHT (28) IN BLOCK THREE (3) IN LAKE DAVIS ACRES SUBDIVISION, HALL COUNTY, NEBRASKA.
<br />of the Sixth Principal Meridian, containing in all e:res according to (iovern-
<br />ment survey,
<br />TO HAVE AND 1`0 lir)t.f) the premises above described, with all the appurtenances thereunto - diinging and including
<br />all heating, plumbingand lighting li.aturr, and equipment now or hereafter attached to or used in connection with said real estate
<br />unto the Mortgagee. and to it, successors it nil assign;, forever The Mortgagor represents to, and covenants with, the Mortga-
<br />gee, that the Mortgagor has ga,4A fight 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 slains of alt persons whomsoever, and the said Mortgagor here-
<br />by relinquishes all rights of homestead, and ail mattiai rights, either in law or in equity, and Al other contingent interests of the
<br />Mortgagor in and to the atone- described premises. the intention l eiug to :mi,ey herehy an at-solule title, in fee simple. includ-
<br />ing all rights of homestead. and other rights and interests as aforesaid
<br />PROVIDED M"'AYS. and these presents are executed and delivered upon the following conditions, :i + wit
<br />The Mortgagor agrees to pay ro the Mortgagee, or order, the principal sum of
<br />Seven
<br />and No /100ths- -------------- - - - -- ---------____ Uo;lar,th FiftY57,050.00 Thousand Fifty I
<br />with interest 'ti date at the aic .,i Nine and one half PC[ c entum 1
<br />9.500 )per annum on
<br />the unpaid hatance until paid The said principal ar,.l interest shall he payable at the office of Superior Mortgage, Inc.
<br />P.O. BOX 2008
<br />in Grand Island, NE 68802 ur at such other plate is the holder of
<br />the note may designate to xming, in momhlo installments of Four Hundred SeventyNine ng 71/100ths---°r-----
<br />--•---------------------------- - - - - -- Dollar, tS 479,71 �. commencing on the hest day of
<br />July , 19 86 . and on the first day of each month thereafter until the principal and in-
<br />terest arc fully paid, except that the final payment of principal ;:nd interest. if not sooner paid. shat he due and
<br />payable on the fitst day of June, 2016 alt according to the term: of a certain protms-
<br />sory note of even date herewith exas:mcd by the said Mortgagor.
<br />Tile Mortgagor in order more fulk to 5notect the se:urity of this Mortgage, agrees
<br />t. That he %W pay the indehtedness. as hereinbefore provided.f7tlU6>1 i711UiffXiihlYliL 7UUjitINlXIf87tldtlOfilt %�tll>htj)t1tl11l1tllUt
<br />YAVMMM� "P'rivi1 rtservad to pay debt, In whole or In part, on any installment
<br />dot "to." . ' l li
<br />'_. `fhat. together with, env# t - to- the rnont yspvyments of principal and interest piicahie limier the terms of the
<br />note secured hereby. the Montgagor will pay to the It,Kti,agee, on the tint dry of each month until the sai8 note is ftd(v pod, the
<br />follow ing sums.
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