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<br />I
<br />
<br />This form is used in connec-
<br />tion with mortgages insured
<br />under the one- to four-family
<br />provisions of the National
<br />Housinl(Act,
<br />
<br />MORTGAGE
<br />
<br />r
<br />
<br />83- lj{J1B78
<br />
<br />11fl'IS MORTGAGE, msde and'eXeCuted this H~th day of Apr il
<br />19' 8i3,byand'lietween Mick R. Borer and Judy A. Borer, Husband and Wife,
<br />
<br />AD,
<br />
<br />oftbeCoUntyof Hall
<br />the Mortgagor, and Superior Mortgage, Inc.
<br />
<br />, and State of Nehraska, party oftbefirst part, hereinafter ca!tJd
<br />
<br />a corporation orgallizedand existing under tbelaws of Nebraska
<br />party of tlie second part, hereinafter called the Mortgagee,
<br />
<br />WITNESSETH: Tliat the said Mortgagor~ for and in consideration of the sum of Forty Five Thou~a:nd and No/lOOths--
<br />"'----"'-------------------------------- Oollars($ 45' 000; 00 ),paidbytbeMort-
<br />gagee, the receipt of which is hereby acknowledged, has Granted and Sold and !iy these presents. does Grant,Uar.
<br />gaill, Sell,. Convey and Confino unto thel Mortgagee, its successors and assigns, forever, the following-descrilied
<br />real' estate, situate,J-in the County of Hal . ; arid'Stiue
<br />of Nebraska, towit:
<br />
<br />Lot Twenty-Six (26), Eaglewood Acres Subdivision,. Hall County,
<br />Nebraska .
<br />
<br />of the Sixth Principal Meridian, comaining in all
<br />ment survey:
<br />
<br />TO HAVE AND TO HOLD the premises. above described. with all the appurtelrances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now or,hereafterattached to or used in connection with said real estate
<br />unto the Mortgagee. and to its successors and assigns, forever, The Mortgagor representHo, andcovenantswitb. the:M~tga-
<br />gee, that the Mortgagor has good right to sell and convey said premises; that they are free from encwnbrance;.and that.the
<br />Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever; and,the said Mortgagorl)ere.
<br />by relinquishes all rights of homestead, and all martial rights. either in law or in equity, ,lOd all otber contingent interests of the
<br />Mortgagor in and to the above-described premises, Ihe intention being to convey hereby an absolute title,' in fee simple, includ-
<br />ing all rights,ofhomestead. and olher rights and interests as aforesaid,
<br />
<br />acres ac\:ording to Govern.
<br />
<br />PROVIDED ALWAYS, 'Uld these presems are execuled ami delivered upon the following conditions, tow;t:
<br />
<br />The Mortg"gor agrees to pay 10 lhe Mortgagee, or order, the principal sum of Forty Five Thousand and No/lOOths-----
<br />--------------------------- Dollars ($ 45,000.00 ).
<br />
<br />with interest from date at the rale o( Twelve per centum ( 12.0 %) per annum on
<br />the unpaid balance until paid, The said principal and interest shall be payable at the office of Super ior Hortgage, Inc.
<br />
<br />in Grand Island, NE 68801 ,or al such other place as the holder of
<br />Ihe note may designate in writing, in monthly installments of Four Hundred Sixty Two and 88/1 Oat hs------
<br />---------------- Dollars ($ 462.88 ), commencing on the first day of
<br />JUne , 19 83. ant} on the first day of each month thereafter until the principal and in-
<br />terest are.. fully paid,exc,epJ that the final payment of principal and interest, if. not sooner paid, shall be due and
<br />payable on the first dayqf May,. 2013 , : all accordingtothe terms of a certain promis.
<br />sory note of even dateherewithex.ecoted by Ihe said Morlgagor.
<br />
<br />The Mortgallor in order more fully to pr"tect Ihesecurity of this Mortgage, agrees:
<br />
<br />L That..he will'pay the-indebtedness, as hereinbefore provided, Privilege is reserved to pay the debt in whole, orin an
<br />amount e'>>lal'toone or more,monthly payments on the principal that are next due on the nole. on the first day of any month
<br />prior to maturity: Rrovided, bowever. That wriltennolice of an intention to exercise such privilege is given alleast thirty (30)
<br />days prior..t<HlrepaYlllellt,
<br />
<br />2, That, iPlle,lher w.lm, and. i!l'lddilion to, the monthly paYatentsofprincipal anll inlerest payable under tbe.termiof the
<br />note securjld hereby. theMorlll,lIllor will pay to the Mortgagee, ,>0 the first day of eacl) /llonthuntiLthesaill note isfully.paid. the
<br />foIlQwingsum~: ' '
<br />
<br />(a) Amoulll'sufllcient to provide the holder hereof witb funds to pay the next mortgage insurance premium if this
<br />inslrum(ml'iInd thellote secured hereby are iosured, or. a monthly charge (in lieu of a morrlfage i/fSUfrJ//ce pre-
<br />mil/m) if they are hel<l,by the Secrelary "fHousing and Urbal\ Development,as follows:
<br />
<br />(I)
<br />
<br />If and so lon~, tiS sai~ note of,cvcn date_and this instrument arc insured or are reinsured under the pro.
<br />visionS.of the National Housi;lgAct, 'an al\l{)unl sut'ficient tu accumulate in the h""ds of the holde. one
<br />
<br />Replacrdi FHA.2143M: ,WhICh- me)' be U$Od until $upplV is e-x-b"Ou$t1td
<br />
<br />S'fA'rIWFNWlRMiU
<br />')n~'" 19-791
<br />
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