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<br />$6_ 103750
<br />MORTGAGE This form Is used in connection
<br />on- mortgages insured under the
<br />one- tU four - family provistons of
<br />the National Housing Act.
<br />THIS M- ORTGA6E, made and executed this 9 th day of July A.D.
<br />19 86 .bv and between PAUL A. MALKOWIAK
<br />and CINDY K. WALKOWtAK, HUSBAND AND MI FE
<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 />P.D. BOX 2006
<br />Grand Island, NE 68802
<br />it corporation organized and existing under the laws of the State of Nebraska
<br />party of the second part, hereinafter called the Mortgagee,
<br />WITNE:SSETW That the said liortgagor, for and in consider lion of the shin of Forty Three Thou and. F f
<br />and No/ 100ths------------------------------------------------- Dollars (S 43,050.00 .. pall �iytf ie Mort-
<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 :ind assigns, forever, the following- described
<br />real estate, situated in the County of HALL . and State
<br />of Nebraska, to wit:
<br />LOT TWENTY FOUR (24), ISLAND ACRES NUMBER SEVEN (7), A SUBDIVISION OF THE CITY OF GRAND ISLAND,
<br />HALL COUNTY, NEBRASKA.
<br />of the Sixth Principa! Stertdhan. omlaiming u,:dl
<br />men[ survey
<br />acre,accoiding h)(iotern-
<br />TO HAV F AND fit HUI 11 the prenu,e, above described. +ith all the appurtenance, thereunto befonging and Including
<br />all heating, plumbing and lighting !inures and equipment now or here.tfter atu,ched In or itself in ctuntection with tad real estate
<br />unto the Mortgagee, and to it, successors and a,sign,. forever. fhc Ainrteagor represents to, and covenants with, the Mortga-
<br />gee. that the Mortgagor has good right to sell and convey said premises: that they :Ire free front encumbrance: and that the
<br />Mortgagor will warrant and defend the same against the lawful dainis of all persons whomsoever. and the said Mortgagor here-
<br />hi, relinquishes all rights of hwric,tead. and all marital rights. either in IaN or u, equity. and all other contingent interests of the
<br />Mortgagor in and to the abovodescrihcd premises, the intention heing m cnn•.cy hereby an absolute title. In fee simple, includ-
<br />ing all rights of homestead. and other rights and interests as aforesaid
<br />PROVIDED AL1b AY 'S. and these presents are executed :Ind delivered upon the following conditions. to w it
<br />The Mortgagor agrees to pay to the 3tortgagee, or order. the principal sum of Fart Three Thousand Fifty
<br />and No/ 100ths------------ -- ---- ------------ -- --- ------- Doilar,0, y y
<br />"'- 43,050.00
<br />with interest from date at the Late vl Nine and one half pet ce•nunn 1 9.500 1 1 1 perannum on
<br />the unpaid balance uniii paid. Fhe aid principal and interest shall he payahle at the oihce or 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 installment, of Three Hundred Sixty -One and 99/100ths ------------
<br />------------------------------------- Dollar, t) 361.99 1. conunencmg on [tic first day of
<br />September . !9 86. and on the first day of each month thereafter until the principal and 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 August, 2016 all ,according to the tern,, of a certain pronti,-
<br />sory note of even date herewith executed by the sod Mortgagor.
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees
<br />I. That tie will pay the indebtedness, as hereinbefore provided. JXOAjaxko=xxKAXAIMXMXMMKXAWN UX99tXLWKX
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<br />*�XIVJODBDSNNPlltKfiu'Jl "Prfvi eikli is reserved t ay debt, in whole or in part, on any installment
<br />due date." C
<br />2. That, together with, and In tr t ton o, the monthly rayn ents of prat -Ipal and Interest p.lyahlc umlet the tents of the
<br />note secured herchy. the Morlg:a or will pay ttt the Mortgagee. on the tint day of etch month until the s,iil mate Is fu!Iy paid, the
<br />following wars.
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