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MORTGAGE with ort used under he with mortysges inured unWw tM one- to four-family provisions of the National Housing Act: 86-- 106167 THIS MORTGAGE. made and executed this 27 th day of October A.D. 19 86 . by and between DOUGLAS BERM AND CYNTHIA RERAN, HUSBAND AND WIFE of the County of HALL ', and State of Nebraska, party of the first part, hereinafter called the Mortgagor, ai(d SUPERIOR MBRTGAGE, INC. P.O. 84 2006 GRAND ISLAND, WE 68802 a corporation organized and existing under the laws of THE STATE OF NEBRASKA party of the second part, hereinafter called the Mortgagee. WTTNESSETH: That the said Mortgagor, for and in consideration of the sum of Forty Thousand Ff fry No/ 100ths--°°--------------- ------- --- -- ---- ------ --------- Dollars IS 40,050.00 ), W'tidoiy the Mort- gagee, the receipt of which is hereby acknowledged, has Granted and Sold and by these presents does Grant, Bar- gain, Sell. Convey and Confirm unto the Mortgagee, its successors and assigns, forever, the following- described real estate, situated in the County of HALL , and State of Nebraska. to wit: THE WEST HALF OF LOT SEVEN (7) AND ALL OF LOT EIGHT (8), BLACK SEVEN (7), DILL AND HUSTON'S ADDITION TO THE CITY OF GRAND ISLAND, HALL am m, NEBRASKA. of the Sixth Principal Meridian. containing in all acres according to Govern- ment survey: TO HAVE AND TO HOLD the premises above described, with all the appurtenances thereunto belonging and including all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate unto the Mortgagee, and to its successors and assigns, forever. T. Mortgagor represents to, and covenants with, the Mortga- gee, that the Mortgagor has good right to sell and convey said premises; that they are free from encumbrance; and that the Mortgagor will warrant and defend the same against the lawful claims of all persons whomsoever; and the said Mortgagor here- by relinquishes all rights of homestead, and all martial rights, either in law or in equity, and all other contingent interests of the Mortgagor in and to the above - described premises. the intention being to convey hereby an absolute title, in fee simple, includ- ing all rights of homestead, and other rights and interests as aforesaid. PROVIDED ALWAYS, and these presents are executed and delivered upon the following conditions, to wit_ The Mortgagor agrees to pay to the Mortgagee, or order. the principal sum of Forty Thousand Fifty and No/ 100ths------------------- --- ----- ------------ ----------- Dotlars(S 40,050.00 with interest from date at the rate of Nino per cenlum ( 9,000 %) per annum on the unpaid balance until paid_ The said principal and interest shall be payable at the office of SUPERIOR MORTGAGE, INC. P.O. BOX 2008 in GRAND ISLAND, HE 68802 or at such other place as the holder of the note may designate in writing, in monthly installments of Three Hundred Twenty -Two /] ---- - - - - -- ------ ------------- ---- --- -- ------- Dollars (S 322 ), ��tmiicmOgnjhe first day of r -19 86, and on first day of each month thereafter until the principal and in- terest are fully paid, except that the final payment of principal and interest. if not sooner paid, shall be due and payable on the first day of Novearber ' 2016 : all according to the terms of a certain promis- sory note of even date herewith executed by the said Mortgagor. The Mortgagor in order more fully to protect the security of this Mortgage, agrees: 2. That, together with, and in addition to, the monthly payments of principal and interest payable under the terms of the note secured hereby, the Mortgagor will pay to the Mortgagee, on the first day of each month until the saiif note is fully paid, the following sums: iomn2naa611q iteWscet FNA- 7143M, Which May Be Used Until Su00Iv is E*hauited 04 Cf -i? 203 1 7i,,1 f.