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<br />83-004554
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<br />MORTGAGE
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<br />This form is used in connection
<br />with mortgages insured,-under:the
<br />one- - to f(jur~famifv provisiC)hS: of
<br />the National Housing 'Act;
<br />
<br />THIS MORTGAGE, made and executed this 29th day of August ,A.D.
<br />19 83 . by and between Marcos Paz and Di1cia Paz, Husband and Wife
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<br />oflhe County of Hall ,and State of ~;.br"ska. party of the first part, hereinaftercalled
<br />the Mortgagor. and Superior Mortgage, Inc.
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<br />a corporation organized and existing under the laws of Ne braska
<br />party of the second part, hereinafter called the Mortgagee.
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<br />WITNESSETH: That the saId Mortgagor, for and in consIderation of the sum of Twenty Nine Thousand
<br />Nine Hundred Fifty and No/lOOths----------Dollilrs1$ 29,950.00 ),paid by the Mort-
<br />gagee. the receipt of whiclt 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:
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<br />Lot Two (2), in Block Nine (9), in Meves First Addition to the City
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<br />of Grand Island, Hall County, Nebraska
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<br />of the Sixth Principal Meridian. containing in aU
<br />ment survey:
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<br />TO HA VE AND TO HOLD the premises abs';.: described. with all the appurtenances thereunto helong.ing and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter aWlched tn or used in conne\..'tion with said real estate
<br />unto the Mortgagee. and to its successors and assigns. forever. The Mortgagor repr~sents to. and covenants with, the Mortga.
<br />gee. that the Mortgagor has good right to sell and convey ~aid premises: that they ar~ free from ~ncumbrance~ and that the
<br />Mortgagor will warrant and defend the same againsr the lawful claims l)f aU pers.IJos whum~uever~ and the said ~lortgagor here-
<br />by relinquishes all rights of homestead, and all manial rights. either in law llf in equity. and all other contingent interests uf the
<br />Mortgagor in and to the above-described premises, the intention heing to Cl..lOVey here~y an ahsolute title. in fee simple, includ-
<br />ing all rights of homestead, and other rights and interesrs as aforesaid.
<br />
<br />acres according [0 Govern-
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<br />PROVIDED AL WA YS, and these presems are executed and delivered upon the follo\l.iing conditions, h) wit:
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<br />The Mortgagor agrees to pay to the Mortgagee. or mder. the principal sum of Twenty Nine Thousand
<br />Nine Hundred Fifty and No/100ths--------J}W~ 29,950.00
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<br />with inlerest lrom date at the rate 01 Thirteen per centum ( 13.0 ) per annum on
<br />lhe unpaid balance until paid. The said principal and interest shall be payable at the office of Superior Mortgage, Inc.
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<br />in Grand Island, NE 68801 ' or al such other place as the holder of
<br />thenote may designate in writing, in monthly installments of Three Hundred Thirty One and 31/l00ths----
<br />___________________________ Dollars ($ 331.31 I. commencing <'n the first day of
<br />Oct h r ,1983 . and on the first day of ea.:h month thereafter until the princip<ll and in-
<br />teresl are ?U1~ paid. except that the tinal payment of principal and interest. if not ,uoner paid, "hall be due and
<br />payuble on the first day of September, 2013 : all according to the terms of a cerlain pr,)mis-
<br />sory note of even date herewirh executed by the said Mortgagor.
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<br />The Mortgagor in order more fully to protcl.:t the sCi.:urit} llf thi~ Mortgage, .lgrc~s:
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<br />L That he will pay the indebtedness, as hereinbefore provided. Privilege is reserved to pay the debt in whole, or in ~m
<br />amount equal to one or more mo-nthly payments on the principal that are next due on the nute, ~ln the first day of any month
<br />prior to maturity: Provided, however, That written notice of an intention 10 exercise ~uch privilege i\ given al lca~t thiny 1)0)
<br />days prior to prepayment.
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<br />-,
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<br />2. Thar, t.ogether with, and in addition to.. the monthly payments of principal Hnd interest payable under lilt' term~ llf lh~
<br />note secured ,hereby, the Mot:tgagor will pay to the Mortgagee. on the first day of each month until the s;,\i~ note, is futly paid. thi:
<br />foJlowingsums:
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<br />(a) Amountsurndent to provide the holder hereof with funds to pay tht: lJext mortgage insuran'..T plCllHlHll :l1l11~
<br />insrrument and the note secured hereby arc insured, or ~l mUIlthly chaq;,e {in ht,U (Jf u !1Wf!gagc illSUrallCl' l'I'L"
<br />mium) if they are held by tht' ~';n.'taJY of Housin.g ;,lfH.l Urban Developmel1t. ,-1:-' foilmv:L
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<br />0) If i~nJ so long as said IH)lC Ilf eyen datt: imJ Ihis. llJSlrllllh.'nt ;llt: lll~Ull.:J or ,n,; lcwsurl',-l undt-'J ihl.' }-Il\'
<br />vi~ions ~}f thi.; N:ttional Housing, Act. an a11101.Jnt sllffit:km 10 a-\.-UHHublt.' m lb' hand:. ;,It' fhe lluld<.,'l (lil~
<br />
<br />fhtj1I;toC:iH FHA.214-3M, Wbj;h MlIi Os l,hnd t)nrd Supply !'i bdHIU..f<..ld
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<br />SlATE Of NEOHASKA
<br />11\3P-9-;;!"1'~M ~0 !q~
<br />:'4 crl,~ :'00
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