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<br /> �, REAL ESTATE MORT�� =-='_
<br /> ��-
<br /> � T�I[S MORTGAGE is entered into between JACK A. 7IMMER aix�d DBBRA J. _
<br /> ZIMMER,a/k/a DEBORAH ZIMMER,Husband and Wife, (herein"Mort�agor")and SITYRLEY �y -•�
<br /> J.ZIMMER(herein"Mortgagee"). Q,
<br /> `' Mortgagor is indebtecl to Mort�a�ee in the �rincipal sum of Seventy Thausatid uid � -- -
<br /> �� No/100 Dollars($70,000.00),evidenced by Mortgagor s Prom�s�ary Note dated August 12, 1997
<br /> (herein "Note"), said Note being payable on demand,with a final maturity of August 12, 2017,
<br /> unless sooner paid, according to y,ud Note executed by Mortgugar, which Nate is by reference
<br /> � made a pact of this Mortgage and which reference is made for furilier details of said payment and
<br /> other condidons thereof.
<br /> ' To secnre the paytnent of the Note, with intcrest as therein provid�:d, and any and all
<br /> modifications,extensions and renewals thereof or thereto and any and ali future advances and
<br /> readvances hereunder permitted, to�ether with the payment of all other sums, with interest,
<br /> �� advanced by Mortgagee to protect the secwriry of ihis Mortga�e, and the performance of the
<br /> - - -- -� cover,ani,�a�au a����rtt��f ihc �'I�ngagar con�,incd h�rein,:"artgsgor daes hereb; �e*!�a�c ,
<br /> and convcy to Mortgagee the following property:
<br /> The Wcst Half of the Southeast Quarter (W1/2SE1/4)of Secrion Fourteen(14),
<br /> � � Township T�velve(12)North.,Range Ten(10),West of the 6th P.M.,Hall County,
<br />_ � ' � Nebraska;
<br /> � . together with all buildings, impzovements, fixtures, s�eets, alleys, passageways, easements, —
<br /> • rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the
<br />_ - rents,issues and profits,reversions eu�d remainders thereof; including,but not lunited to,heating
<br />-_. and cooling equipment and such personal property that is attached to the improvements so as to
<br /> �� ��- � - constitutea fixture;all of which, mcluding replacements and addirions thereto, is horeby cieclared
<br />�:. ;�:,..,a�.�+
<br />_ .•�„... to be a pa�t of the real estate seaured by the lien of this Mortgage and a!1 of the foregomg being
<br />,;,,�,.; refeaed to hercin as the"Property",
<br />- � MORTGAGOR FURTHER COVLNANTS AND AGREES WITH MORTGAGEE, AS
<br />-' FOLLOWS:
<br />-.1� .' . 1. P_�yment of Princinal and Interest. Mortgagor shall promptly pay when due the prin-
<br />'�-,�.,,;:;:;. ; cipal of, and the interest on,and any fees or charges provided in, the Note or in this Mortgage.
<br /> y u...b.,.,.:.
<br /> „�t.�
<br /> _=.��• .._ 2. Titl�. Mortgagor is the owner of the Property, has the right and authority to convey
<br /> �-.�� the Propecry and warrar►ts that the lien created hereby is a first and prior lien on the Property,and
<br /> . _ ... .
<br />-• . delivery of this Mortgage daes nut vial$te any contract or other obligation tc which Mortgagor is
<br />- subject. °
<br /> ''� � 3. T�31i�,Assessments. Mortgagor shall pay when due all taxes,special assessments and W:`°-
<br /> ? all other charges against the Property and upon written demand by the Mortgagee,pay to Mort» -__
<br />- � gagee such amount as may be su�icient to enable the Mortgagee to pay sueh taxes,assessments _
<br /> � � or other charges as they become due. ,1=�='
<br /> : � �r:„_
<br /> 4. �gyi�. Mortgagor shall keep the Property insured against dannage by fire,hazacds i':-"-
<br /> , ; included within the term"all risk coverage" and such other hazards as Mortgagee may require,in
<br /> , �`�� amounts and with companies acceptable to the Mortgagee,including a standard mortgagee clause
<br /> —..�! �.L t........ ...L.to �.. fl�o hd�.d�.anm In noao ..4' Inoo us�An� m�nh nnliniae t}�a MAl'�OAOPP ic ..
<br /> -.-.._- .. --=�—�f w�ua tvou rw�wvav w ..... .......a..p...� ... ........ ... ......� ..�...... ......'• r............ ».� •a�a-- -- - � �
<br /> 1 authorized to adjust, collect and cornpromise all claims thereunder and shall have the option of
<br /> applying ell or part of the insurance proceeds(i)to any indebtedness seeuted hereby and in such
<br /> � order as Mortgagee may determine, (ii) to the Mortgagor to be used for the repair or restoration
<br /> � of the Property or (iii) for any other puipose or object satisfactory to the Mortgagee without
<br /> � affecting the lien of the Mortgage for the full amount secured hereby before such payment ever
<br /> took place. Any npplication of proceeds tu indebtedness shall not extend or postpcme the due
<br /> + date of any payments duc under the Note or cure any default thereunder on c�reunder.
<br /> 1
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