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) MORTGAGE This form is used in connection with mortgages insured under, the one. to four-family provision's of the National' Housing' Act. ~ 83-002673 THIS MOlUGAGE,made and executed this 27th day of May ,A.D. 19 83 ,by and between Michael D. Browning and Joan E. Browning, Husband and Wife of the County of Hall , and State of Nebraska, party of the first part. hereinafter called th"Morigagor. aiJd Superior Mortgage, Inc. a corporation organized and existing under the laws of Nebraska patty of the second part. hereinafter called the Mortgagee. WITNESSETH: That the said Mortgagor. for and in consideration of the sum of Fifty ThousandaJ).d NQ/IOOths- ---------------------------------------- Dollars ($ 50.000 00' ), patdby tlieMort- gagee. the receipt of which is hereby acknowledged. has Granted and Sold ana 'Ily lIiese 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 Slate of Nebraska. to wit: The South Thirty Nine (39) feet of Lot Four (4) and the North Thirty (30) feet of Lot Six (6), in BlOCk Fourteen (14) in Scarff's Addition to West Lawn, in the city of Grand Island, Hall county, Nebraska of the Sixth Principal Meridian. containing in all ment survey: TO HA VE AND TO HOLD the premises abc,'. described. with all the appurtenances thereunto belonging and including all heating. plumbing and lighting fixtures and equipment now or hereafter allached to or used in connection with said real estate unto the Mortgagee. and to its successors and assigns, forever. The 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 righls of homestead. and all martial righls. either in law or in equity. and all other contingenl interesls of the Mortgagor in and to the above-described premises. the intention being to convey hereby an absolule lille. in fee simple, includ- ing all rights of homestead. and other righls and interests as aforesaid. acres according 10 Govern- PROVIDED AL WAYS. and these presenls are executed and delivered upon the following conditions. 10 wit: The Mortgagor agrees 10 pay to the Mortgagee. or order. the principal sum of Fifty Thousand and NoI 100ths-------------------------------______Dollars ($ 50,000.00 ). with interesllrom date al the rale of TWelve per centum ( 12.0 the unpaid balance until paid. The said principal and interesl shall be payable at the office of Superior % ) per annum on ~lortgage, Inc. in .Grand Island, NE 68802 . or at such other place as the holder of the note may designat~ in writing, in monthly installments of Five Hundred FourteeJ;l and 31/100t:hs----- --_-,.--..,,.-_______________ Dollars ($ 514 31 ). cummenclrig on Uie first day of July . !9 83. anoon'the first day of each month thereafter until the principal and in, lerest are fully paid. excepl that the final payment of principal and inlerest. if not sooner paid. shall be due and pay.able onlhe firstday of June,. 2013 ; 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 proteclthe security of this Mongage, agrees: 1. Thllthe will pay the indebtedness, as hereinbefore provided. .Privilege is reserved to pay the debt in whole. or in an ll/ll~Unl ~to,ollcormOre monthly payments on the principal that are next due on the nOle, on the first day of any month prior to ~llrityd~ovidcrl,bowey<lr, That written notice of an intention to exercise such privilege is given al leastlhirty (30) days priort~ p~p..ymenl. 2. 1Jlat..togetlwwitb.andin addition to. the monthly payments of principal and interest payable under the terms of the notes~ed~reby.lheMQf!&lI&Or will pay 10 IheMortgagee. on the first day of each month until the sail! note is fully paid. the folll)~illg.$I!iils: . . . (a) Amo\lnlluff1Ctmt to provide the hollieI' hereof with lunds to pay the next mortgage insura/l~e prcuuum .1 this j/lSU~1 and lhenote secured hereby are insUred, or a monthly charge (in U/eU of a mortgage insuran,'" pre. miUm/lithey are held by the Secretary of Housing and Urban Development. as follows: (I) If and so long ll$ ;aid nole of even date and Ihis Instrument are u>:Iured o. arc rdnsul(.J undcl the pro. vWQM of tho. National H6U$ing '\,,1. an amount sufficient w ac~umulatc in the h.nds of lhe h ,~del oue ~ FHA.21.t3M, """"" Moy llOl UlI<Id VntlllNwly i> .._.."" STATE OF H68RASKA HUO.92143M 19':111) ,74 eFR 200 !(1)