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MORTGAGE "With deferred interest and increasing monthly installments" This form is used in connec- tion with mortgages insured under the one- to four-family provisions of the National Housing Act. 83-- siUU3~:z:,~, 'fH3S MORTGAGE, made and exrcuzed this 17th day of January ,A.D. 1983 .by and between Mark R. Bruner and Kristi K. Bruner, Husband and Wife, of the County of Hall ,and State of Nebraska, party of the first part. hereinafter called the Mortgagor, and Superior Mortgage, Inc. a corporation organized and existing tinder the laws of Nebraska party of the seenmi part, hereinafter called the Mortgagee. tt'iTNESSETH: That the said bortgagor. for and in consideration of the sum of Forty Thousand and No/100ths--- _ ____________ _______ Dollars t5 40 000.00 ), paid by the Mort- gagee, the receipt of which is hereby acknotviedged. has Granted and Sold and 1'iy these presents does Granc, Baz- gain. Sell, Com~ev and Confirm a Ilus he 'Mortgagee. its successors and assigns, forever, the foilawing-described rrai estate. situated in the County of Half ,and State of Nebraska. to wit: p rar_tai_n_ Part of the Southtest Quarter of the Northwest Quarter (SttWty) of Section 3, in Township 9 North, Range 9 West of the 6th P.M., in Nall County, Nebraska, [Wore particularly described as: Beginning at a point where the North line of the Southwest Quarter {SW's) of the Northwest Quarter (NWty) of Section 3, in Township 9 North, Range 9. West of the 6th P,?i., intersects with the east right of ley line a£ the State and Federal Highway Known as 281, which point is 51.75 feet east of the Northwest Carnes of the southwest quarter {SW's) of the Northwest Quarter (NWt~) of Section 3, in Township 9 North, Range 9 West of the 6th P.M., running thence East along and upon the North line of the Southwest Quarter {SF1'~) of the Northwest Quarter (NWT) of said Sectian 3, 272.25 feet, running thence South parallel to the West lice of the Southwest Quarter {SW'-E) of the P;orthweat Quarter (NWT) of said Section 3, 337.0' running thence west parallel to the North line of the Southwest Quarter (SW'y) of the Northwest Quarter {NW`s) of said Section 3, 271.8 feet, to a point on the East Right o£ Way Line of the State and Federal Highway Known as 281, Running Thence North upon and along the Fast Right of [Jay Line of State and Federal Highway known as 281, 337.00 feet to the actual point of beginning. ai the Sn[h 1'rmcrpat Meridian, contaunne m ai! men[ survev~ acres according to Govern- TL? H.dCE :tND TO H(!I_D the nremne. ai±ovr ,fir+cntxd, with alt the appurtenances thereumo belonging and including utl heating, piumhrng and lighting fixmrrs and equipment now or hereafter anuthed to ur used in connection with said real estate unta the Mortgagee. ;,nd «, us succr+sor, :;nd assitm., forever. ~ihe Mortgagor represents to, and covenants with, the Mortga- gee, that the \lnrtgagur h:rs gsrad right t:, +etl r:nd conxey .aid premt+es: that rhey are Frrr from encumbrance; and that the Mortgagor wilt warram and defrrd the +;rme aamst the lawfu' claims of a;! persons whomsoever, and the said iMortgagor here- by rchnquishrs ail rights of homestrad.:,nd a3! maru:d rights. either m taw or in equity. and aU ether rnndngent interests of the \{os'tgagor [n and «+ the aixivrdrscrtbed premises, the intrnuon txmg to convey hereby an absolute title, in fee simple, includ- ing all rights of homestead. and other nf;hh and interest. a..,foresatd- PRt)i'1llEi? At t1';11'S. sod these 3>rr+cnts arc exrcwcd and delivered upon the fnUawingconditions, to wit' the Mortgagor agrees w nuti [o the Mortgagee, or order. the principal sum of Forty Thousand and No /100ths------ -----r----------------------------- DollantS40,000.00 ). wtttt interest from date at the rate of Twelve and One-Half par cenmtn ( 12 i ~) per annum on the unpaid balance unbi paid. The said pnnctpai and interest shall he piryabte at the otlice of Superior Mortgage, Inc . in Grand Island Nebraska . or at such other place as the holder of thrnotrmsydesignatemwnting,rnmont~ilyinstaltmentsof {According Co Schedule A on said note) %fK1~CX t, commencing on the first day of filargh , 19 83 . and ern the tint day of each month thereafter until the principal and in- [erest are fuiiy paid, except that tht fine! payment of principal and interest, ii not soesner paid, shag be due and psya63e un ttte first dap at February 2013 :all according to the terms tsf a certain promis- sveym?teof even date hrrewithrxecntedbythrsatd\tortgtgur.Deferrej~ int@re$t ~h 1 be added to the princeppal balance inonthlY and shall increase t e princepa 77 a~1 g Q not tnoyre I-he Mortgagor in order more fui(v to prtstect the srcunty of this Mortgage, agrees: than 4 , 4~ S . ~ 1 . ~,• 3. That ite viii pay the indebtedness. as hercinhetore provided. Privilege is reserved to pay the debt in whole, or in an amc;-:tot equal to one xx mare monthly payments on the principal that are next due on the note, on the first day o[ any month prior to maturity; fartrridcd. hcrwexer. "3-hat written ncstice of an intenuun to exescise such privilege ix given at Teas[ thirty (.flit days prior io prepayment. ~, 'i'lea[, txsgether with, and in addition «s, the monthly payments of principal and interest payable under the terms taf the ntNe secured t~re4+y, the Mtsrig8gcu will pay to the Mortgagee, rsn ths: ii. ct day of each month until the saiA note is fully paid, the tuihswitt}t sums: fat A,rntsunt wfficrrnt to [ircrvtde the htdder iterecst with funds t;, pay the next tnortgaHe mstrrartcr. ptemtum d [fits tustrurueat artd then note sca:urcd hereby are insured. err a mcktth3y charge jin fttFtr ut a rmrn~gr tnsunYncr /see trsaurtri ti they are hcid by the Secretary art Htxrstng and f)rbats Ikveiupstrnt, as fcsilcsws- ill if and us ituyt as satd [icrte of even date and tttts trtstrurrsrrtt ttrc mxttred tst arc n•tnsured wtr3ce the pea c}yz<srta aaf the ;tiaucrrs~t fiuuxmg At; t. an +uttount suftkYettt tcs ar.xttm;rzatc to the hands ai rity hoidcr tsnr > ~a a [axle ~ ~ » „c+„~ :~~v ,. r~nwe~.: rtt,o~aa „~, ts~ rat ~~