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86- 103088
<br />This is used ; Connection MORTGAGE with mort gages insured under the
<br />one' in four - family Provisions of
<br />1 the Nations: Housing Act.
<br />THI MORTGAGE. made and executed this 10th day of June A.D.
<br />S
<br />19 g( by and between Ricky L. Turner and Kandis R. Turner, Husband and Wife
<br />ofthe County of Hall and State of Nebraska, party of the first part. hereinafter called
<br />the Mortgagor. end Superior Mortgage, Inc.
<br />ac orporation organized and existing under the laws of the State of Nebraska
<br />party of the wcbnd part, hereinafter called the Mortgagee,
<br />WITNESSETH:'rhat the said Mortgagor, for and in consideration of the sum of Fifty One Thousand
<br />One Hundred Fiftyy and No /100ths fhrll rs fS 51,150.00 1. 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 />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 Nine (9), in Block Five (5), in Ashton Place, an Addition to the City of
<br />Grand Island, Hall County, Nebraska,
<br />of the Sixth Principal Meridian. containing in all acres according it)
<br />Govern-
<br />of the
<br />TO HAVE AND TO HOLD the premises ;:hove described, with all the ap portenances thereunto belonging and including
<br />all heating, plumbingand lighting fixtures and equipment now or hereafter attached to or used in connection tsith 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 alt person; whomsoever. and the s aid 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 coney hereby an absolu!e title. in fee simple. includ-
<br />ing all rights of homestead, and other rights and interests as aforesaid.
<br />PROVIDED .A LW AYS, and these presents are e %ecuted and delivered upon the folloas ing conditions, to is it:
<br />The Mortgagor agrees to pay to the Mortgagee. or order, the principal sum of Fifty One Thousand One
<br />Hundred Fifty and No /100ths ---- Dollar` is 51,150.00 1
<br />with interest from date at the :tale of Nine per cenium f 9.0 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 />in Grand Island, NE 68602 or at such other place as the holder of
<br />the note may designate in venting. in monthly installments of Four Hundred Eleven and 56 /100ths --- --
<br />_ Dofiars 6 411.56 ). commencing on the first day of
<br />August 19 86 and on the first dae of each month thereafter until the principal and in-
<br />terest r Putty paid, except that the final payment of princyal and interest, if not sooner paid, shall he due and
<br />payable tin the first day of July 2016 all according to t he terms of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.
<br />The Mortgagor in order more fui'ly to protect the securm of thus Mortgage. agree,.
<br />1. 'Thal he w;tl pity the indebtedness. as hereinbelure provided. iQidlililltinulfl7t lilt
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<br />KNUMUMUMN
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<br />"Privi10" i rved q pay the debt, in whole or in part, on
<br />any `i tall�ct t ate ate.,
<br />at, ictlrer wt a In additi hfy of principal ,and interest payable tinder the terror of the
<br />note secured herthy. the klinigagor wits pay io the Moril ages. on the first 14y of each month r:ntil the s:a d note is fully paid, the
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