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86-- 100756
<br />MORTGAGE TM °.r is ""° in eo"naetio"
<br />wire monypn inwrW una., tna
<br />on*. to roYf- rtMnily wov,rone or
<br />tha National Nwilina Act.
<br />THIS MORTGAGE, made and executed this 14th day of February A.D.
<br />19 86 , by and between Glenn E. Brown and Barbara L. Browns 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 />W ITNESSETH: That the said Mortgagor, for and inconsideration of the sum of Thirty Five Thousand
<br />Nine Hundred and No /100ths Dollars IS 35, 900.00 ), 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 c rate, situated in the County of Hall and State
<br />of Nebraska. to wit:
<br />A part of the Northeast Quarter of the Southwest Quarter of Section Twenty —
<br />four (24), Township Eleven (11) North, Range Ten (10), West of the 6th P.M.
<br />Hall County, Nebraska, described a follows: Beginning at the Northeast
<br />Corner of the Southwest Quarter of saiJ Section Twenty —four (24), Township
<br />Eleven (11) North , Range Ten (10) West, sunning thence South on the Easterly
<br />line of said Quarter Section a distance of Ninety (90) feet, thence due West
<br />parallel to the North line of said Quarter Section, a distance of One hundred
<br />sixty three (163) feet, thence due North parallel to the East line of said
<br />Quarter Section a distance of ninety (90) feet to the North line of said
<br />Quarter Section, thence due East on the North line of said Quarter Section
<br />a distance of One hundred sixty three (163) feet to the Northeast corner of
<br />said Southwest Quarter which is the place of beginning.
<br />of the Sixth Principal Meridian, containing in all acres according to Govern-
<br />#
<br />ment survey:
<br />TO HAVE AND TO HOLD the premises abv c described, with all the appurtenances thereunto belonging and including
<br />all heating, plumbing and lighting fixtures and equipment now or hereafter attached to or used in connection with said real estate
<br />unto the Mortgagee, and to its successors 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 Mortgagor 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 del ivered upon the following conditions, to u it:
<br />The Mortgagor agrees to pay to the Mortgagee. or order, the principal sum of Thirty Five Thousand
<br />Nine Hundred and No /100ths— - - -- Dollars (5 35,900.00 1•
<br />with interest lrom date at the rate of Eight and One —half per cenium ( 8.5 `7, ) per annum
<br />See Adjustable Rate Rider. on the unpaid balance until paid.
<br />The said principal and interest shall be payable at the office of Superior Mortgage, Inc.
<br />in Grand Island, Nebraska 68802 , or at such other place as the holder of
<br />the note may designate in writing, in monthly installments of Two Hundred Seventy —six and 04 /100ths
<br />Dollars($ 276.04 ) See Adjustable Rate Rider. ,commencmgon the first day of
<br />April 1 . 1986 , and on the first day of each month thereafter until the principal and in-
<br />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 March 2016 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 pay the indebtedness, as hereinbef ore provided. tC ltAtiboirMZamptllEryxtr >mociopt0utllEflts[imt]tIt
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<br />" Privilege is reserved to apy the debt, in whole or in part, on
<br />any 4_ nF 1*.;4RTd of interest
<br />principal and payable under the terms of the
<br />note secured hereby, the Mortgagor will pay to the Mortgagee, on the first day of each month until the said note is fully paid, the
<br />following sums:
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<br />STATE Or NEBRASKA
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