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56..• 106999
<br />MORTGAGE This form is used connection
<br />with mortgages insured under the
<br />one- to four - family provisions of
<br />the National Housing Act.
<br />THIS MORTGAGE, made and executed this 5th day of December A.D.
<br />19 86 . by and between Roy E. Hofrichter and Nancy J. Hofrichter, Husband and Wife
<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 />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 inconsideration of the sum of Forty Nine Thousand
<br />Five Hundred and 00 /100 ------------------- ---- -- Dollars ($ 49,500. o ). 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 />gain. 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 />The Westerly Sixty One (W 61) Feet of the Easterly Ninety (E 9 0) Feet of
<br />Lot Ten (10), Block One (1), in Westerhoff's First Subdivision, Hall County,
<br />Nebraska
<br />of the Sixth Principal Meridian. containing in all acres according to Govern-
<br />ment survey:
<br />TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and fighting fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br />unto the Mortgagee, and to its succeswrs 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 Mottgagor 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 Forty Nine Thousand Five
<br />Hundred and 00 /100 ------------------ - - ---- )011ars (5 49, 500. 00 )
<br />with interest from date at the rate of' Seven and One –Half per centum ( 7.50 ) per annum on
<br />the unpaid balance until paid. The said principal and interest shall be payable at the office of Superior Mortgage , Inc.
<br />SEE ADJUSTABLE RATE RIDER
<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 Forty Six and 11 /100 --------
<br />_— --- — ----- — _ –___ -- Dollars (S 346.11 ), commencing on the first day of
<br />SEE ADJUSTABLE RATE February , 19 87, and on the first day of each month thereafter until the principal and in-
<br />RIDER 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 January, 2017 :all according to the terms of a certain promis-
<br />sory note of even date herewith executed by the said Mortgagor.:
<br />The Mortgagor in order more fully to protect the security of this Mortgage, agrees
<br />I. That he will nadihe indebtedness. as hereinbefore provided :]B9GYi6E]61t=
<br />2. Th
<br />note secut
<br />following
<br />1OMM "Privilege'is "reserved to,, ttyt the deb , in whole or in part, on any
<br />instal3aent due date."
<br />• TTTc��
<br />then with,'and in addition io; Ilte monthly payments o princtpa an interest payable undo. the terms of the
<br />by the Mortgagor will,pay to the Mortgagee. on the first day of each month until the said note is fully paid, the
<br />Rt 7tt4 t, itlh4sift May so tisi1 until SuiWit it EMhautioi
<br />STATE OF NEBRASKA
<br />"tPV 92" W ka 79)
<br />Y A H 201 1i 4.1, 1131
<br />i
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