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<br /> ��' c�o�3 s o �vl C) � �' � �4. C's E .
<br /> This Indenture,ivraaebyandvec�,-�n ..JOHN,:DHI.LLON,. INC.,..a__Nebraska.Corporati,on
<br /> ' � � � � .....-... whether one or more hereinafter referred to ae mortgagor
<br /> 8nd � THE OVERLAND'NATIONAL BANK OF ,GRAND`ISLAND, Grand Island, Nebraska, hereinafter '
<br /> referred to as Bank
<br /> TheMortgagorforandmconsideratronof{$ 50,QQ0 QQ ) -------
<br /> r . . . . ... ...... __._
<br /> F�fty:Thousand and No/100 -------
<br /> + . ... . . ... _. .. . ... . ... . . . .. . . . ................. ...... ua�d th k
<br /> . . ..._Z3C7LS.AR.S, by e ban . � '
<br /> the receipt whereof ta hereby acknowleclgtd, hae granted, bargained, FoId and conveyed, and by the presenta, does graat, >
<br /> bargain,ae11 and convey,unto said bank,the followu�g describcd real prvperty situateci in the County of ..........H d��
<br /> _ _.. ...........
<br /> and State of Nebraska,to-wit: `
<br /> Lot Eight (8) Bishop Heiohts Third Subdivision, Hall County, Nebraska
<br /> . � together with all the�tenements, het•editaments and appurtenanccs to the same belonging, and all bhe estate, title, claims and� '
<br /> ��� �demanda whatsoever of�the mortga�;or of,in or to saii9 gremises or any p�rt, tl�ereof; ur�d suid mortgagor does hereby cov-
<br /> � enant, that the mortgagor is law�fully seized of sAid premises,that scii@ premises ssre free from incumUrance and mortgagor
<br /> , will�warrant and defend the title�tu said premises a�ainst the claims and demands of all persons whomsoever. .
<br /> � � PROVIDED ALWAYS, and these presents ure upon these conditions:
<br /> � - � � � WHEREAS, the mortgagor has executed nnd detivered to the Bank.. . .................d...C.�Y'td.7.R...._�.. promissory note ' ��
<br /> and has agreed to maintain fix•e, windstoren and extended covera�e insurance on said premisea in amounts required and in
<br /> ��.companies approved by the bank and with standard rr�ortgage clauses which policies shall t.e delivered to the t�ank, and hae ��
<br /> � � agreed to pay all taxes and assessments lcvied against said preanises before the sume become delinquent and to maintain said �
<br /> . ...premises. � � �
<br /> � � � � � Now, therefore, if the mortgagor sh.ill comply with al1 of the provisions of said note and the provisions hereof, then ��
<br /> ��� . these presents shall be null and void. �
<br /> i �� However,�if the above note and interest thereon or any payments called for thereon are not paid when due or if any . .
<br /> 'i� � of�the covenants of this instrument ai•e not c.otnplied w�ith,the bank, or tha holder k�ereof, xt its option may declare the m- :
<br /> . � maining balance oS.said indebtedness due and payahlce and maY maintuin an action at law or in equity to recover all amounts
<br /> �� due and enforce�the provisions hereof. In the event of t}i��: failure of rnortgafior to maintain the premises, or to maintain ��
<br /> � ��ir_surance as is above provided£or, or to pay taxes or assessments,the ho2der bereof may advunce the sum or sums neceasary ��
<br /> tobbtain compliance und such amounts shall Ue udded to the smount due on tl�o alwve rrientioned note and besr interest at� � �
<br /> the highest legal rate
<br /> � ���IT IS FURTHER AGR.EED, this mortgage. shatl constitute notice hereof, that thia mortgage is security for not only � �
<br /> � the amount advanced concurx•ently with the execution hereoS but all future ad��ance.s �rhir.h may be made at the option of the � �
<br /> � � � .�.parties or their assigns up to the total amount stated in this �nortgu�e, to Lhc: same extenL as advances originaily made here-
<br /> ';� � .under. Further�notice is hereby�given that the tenor of each Mortgage Nutc. including the interest rate, payment, maturity, � .
<br /> penatties, and other.terms shall concurrently vpon execution becume a part of. this mortgege, �
<br /> . �.� IT IS FUR'PHER AGREED, that the said Mort�a�..-or shall and will pay all taxes levied upon this mortgage or the debt -� �
<br /> � secured�thereby, together with any other taxes or esses�rnents lyhich may be levied vnder the Laws of Nebraska,against the ��
<br /> � �said�Mortgagee ar the legat holder of the s�id principal note(s) on account of this indehtedness � � �
<br /> � � � �� �. IT IS FUATHER AGREED,if at any time, while the mortgage is in effect and the note for which this mort�age is
<br /> � given as�security,or any part thereof, remains unpaid, the undersigned S9ortgsgors sell, convey oz contract to sell the real � � �
<br /> �estate herein described,or any part thereof,or the Mort�agora do not have or cease to h.ave title to said real estate or any �
<br /> . ��.part�thereof,then and in any such evenLs, the :�Ioi•tgn;;ec may,at its option, declare the unpaid principal balance, and interest, . � � �
<br /> �.. of the note secured hereby immediately due and pay�ble. In the cveni that these premise�s are not now, or should hereafter,not � � �
<br /> �be occupied by mortgagor then this insttvment shall constitute an :assignment of rentals and service of a copy Yhereof upon the � � �
<br /> . .� occupant shall be eu£ficient to require all payment Sur rental or use of the. premiscs after date of such service to made to - � � �
<br /> � � �mortgagee. � � .
<br /> Signed thie............. {...............day of....... .2rs.f.......`�. ...............,19...�7..........
<br /> InPresen�eof . -JONN.DHI.�..... _ NC- .. ..._ . . ...........................
<br /> ..._ :....._.. ....................... .... .. .. . ..._... .. .. _.s.�;... .......�� . G`.
<br /> � �'��J���-.�ti�``. ... Pwesi�cterrt��--��---......
<br /> � �` _.
<br /> STATF. OF....................:...:...................... —..., County of...._ .. ..._...... .. .... .. ......:
<br /> . . � ���Before me,�a notarY Public quaiified for said county,personally cume � �
<br /> -� �known to me to be the identical persan or pee�sons k�hc signed tt;e forefioing instrument ssnd acicttowledged the exec¢tion there- � ��
<br /> , . of�to be.his,her or their vuluntary�ct and deucl. � �� �
<br /> ':. , . Witness my�hand and notarial seaI.on..._...... ...._.. . . _.................. ... ..... ........ ... 19. . ....... � � ..�
<br /> ��� � .. . � . .
<br /> � My commission ea.p�res . .... ... ....., 19--_._ ....... . ........... . .... , .
<br /> . .... ............. ..... ... .Notary Pubhc.
<br /> � � � . � �' ..N�, �
<br /> , STATE OF� ......::._....� . �. ... . ._.._ ... .... rr.tered �r. rume:icut ia�ex and £iled fur recor3 � � � ' � �,.-..
<br /> � s a. r�: � r�.
<br /> Covnty �. �. � . � � in the Aegister of Deeds Office of said County the . ,
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<br /> � �:� ....... ........:�...day of_ . � 19 �ai..: .�.... .... .......o'ciocF: anr3.. .. _...... ,.... ._minutes .. .._?vi., . .
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<br /> � 'and recorded in Boo3c .......: �. .:....... . .:of.�...,.. . . ..._ .,....�:...._.......at page......_.. _........._...... ..._....... � .� - .
<br /> . . . . . ... . . . .� ......... ......._._....._._.__. ... .. . .. _Reg. of TJceds :. ^ .
<br /> � . . � . mx...:
<br /> . .� � . . . . By........ . ....... .....__... ._........Deputy .
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<br /> w��.� � . � . . � . . .
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