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<br /> - . � w� R EAL P F�O P E RTY M O RTGAC�F�_ i1a�1
<br /> � Donald D. H�nqulst and Ann M. H�nqulat Husband and Wlfe,hereln Jolntiy and severelly called
<br /> �'
<br /> the Mortgagor In consideretlon af Twenty Thousand Dollsrs(520,000.00),recelved from Mortgagee,does � �
<br /> �� � Mortgags to Don�id Q. H�nqul�t and M�xin� H�nqul�t, as Jolnt tenams wfth rlghts of survivorship,
<br /> � ��� hereinafter referred to as"Mortgagee",the following described real estate:
<br /> � � Lot 1Wo(2), of Northwest Subdfvision, In the City of�rand Island, Hall
<br />_- County,Nebrsska,
<br /> And the Mortgagor does hareby coven�nt with the Mortgagee and with Mortgagee�s heirs and asalgns _
<br /> • that Mortgagor la lawfully selsed of said preinisea,that they are free irom encumbrance,that Mortgagor
<br /> ''� has flood right and lawful authoriry to convey the same,and that Mortgagor warrants and wllf defend the
<br /> �:��. , title to said premises against the lawful claims ot all persons whomsoever, except that this mortgage is
<br /> � �r subordinated to a purchase money Deed of Trust now of record.
<br /> � ' Thls Mortgage Is given to secure the payment of the promissory note�dated August 18,1999 made by
<br /> , � Mortgagor for Twenty Thaus�nd Dollars (520,000.00) wlth the final peyment due August 18, 2004.
<br />_' : , ,,.` Morigagor shall pay all taxes and assessmenta levfed upon the real properFy.
<br />- ,i In case of default in the payment of the principal sum or any Installment thereof or of any interest
<br />- � thereon when ii�r,�a��n s�afi bscasssa due or!n casa Qf the non-�eymAnt of any texes or assessmenta,as
<br />���� �^ " � herein provided, Mortgagee may at the option of Mortgagee, wlthout notice, at Any time during the
<br /> -.-'.,,��.' .
<br /> �� S�`_?"� continuance of euch default or breach,declare the whote debt secured by this Mortgage to be immediately
<br />�r,.'��" '. due and payable and may foreclose thia Mortgage. If Mortgagor fails to pay such taxes and assessmonts,
<br />����, . Mortgagee may pay such teuces and the amount so advanced with Interest at Nine Percer�t (9°,6} per
<br /> Yi�� � . annum shall be secured bythis Mortgage.
<br /> �; ��' . . ~'i In the event of default In the performance of any of the terms and condftlons of thta Mortgage or the
<br />-r;,_. . . .' »' note secured by it, the Mortflagee ahall be entitled to Immediate possession of the property above
<br />-�,.,� ,�; :,:. described and all the rents, r�venue and Inoome derivod therofrom during euch time as the Mortgage
<br />"�:_ � •` Indebtedness remains unpald shail be applled by the Mortgagee to the payment of the note and all athe�
<br />-=,�''=f`.�''' ;�� sums secured hereby after deduction of any necessary costs of collectlon. . ,
<br /> �,.. .� ..
<br /> �• -�� < December�3 1997 � �
<br />:':°' .
<br /> :;�. .
<br /> ,_�, .. = —�� Ar-� M. Han uist - , -
<br /> --�-` _;,; . � Donald D. Hanqulst C q
<br /> ;y;�x`;;::;•[
<br />_ . . � State of Nebraska, County of Hall -- ss.
<br /> . � 1- .
<br />;;,, .� �i The foregoing Mortgage was acknowledged before me on Decembe�.3, 1997 by .Hsnqulst
<br />- ; and Ann M. Hanquist,Husband and Wife,Mortgagor. •
<br />_- {
<br /> * � CEMEMLIIOTAAP�ShteolNebnsla
<br />- IISA HACEN NOtBry PubllC
<br /> _ ., � MI CM�1.EN��1�.2�101
<br /> . Prepered on Decornber 18, 18b7 byusiai�ch ban o�e� Telephone 402-759-3122.Fax402-769-3123
<br /> ' � C'\URE1NOiE�MTQNELVWFI�ORT.FN EI�47-0724621 CaeneVfl Stete Bflnk Bldg,Sulte 200,(3eneva,NE 68381•0311 6:39 pm
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