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<br /> MORTGAGE
<br /> THIS INDENTURE, Made and Executed this _.2�_ day of_113dg.uS�._—.A. D. _.I..�7�t____ by and beiween
<br /> Lynn R. Brennick � Monna R. Brennick, husband F.� wife
<br /> party of the �irst part;and North Loup Valley Bank, 'North Loup , Nebraska �
<br /> party of the second part.
<br /> j WIIIVESSETH, that the'said party of the first part, for and as security for their guazantee of the indebtedness of
<br /> 'Lynn R. Brennick and Monna R: Brennick
<br /> has granted, bargained, sold and conveyed, and'by these presents, dces grant, bargain seli and convey unto said
<br /> ^ pazty of the second part, the following described real property situated in the County of_._... __Hall ______,____ �d
<br /> ` State bf l�iebraska, tawit
<br /> Lot Forty Two (42) in Block one (1) in Dale Roush Second Subdivision,
<br /> Hall County Nebraska
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<br /> together with all the tene.ments, hereditaments and appurtenances to the same belonging, and all the estate, Utle,
<br /> dower right of homestead,clauns and demands whatscever of the said party of the first part of, in or to said premises
<br /> k or any part, thereof; and said party of the first part does hereby covenant,that said party of the first part is lawfully
<br /> 3 seized of said premises, that said Qremises are free from incumbrance and that said party of the first part will war-
<br /> ;,;� rant and defend the title to said premises against the lawful claims and demands of all persons whomsoever.
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<br /> PROVIDED AI.WAYS, and these presents are upon these conditions:
<br /> , , WHEREAS, said party of the first part has executed and delivered to the said party of the second part their
<br /> r ' guaranty datecl __August_ 22a__l9?7_____„___ of the obhgations of Ly .� 1�41�s'�,.._..1�:—�rennick
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<br /> j and whereas, the party of the first part has agreed to keep the buildings, if any, upon said prernises, insured in some
<br /> company or companies approved by said party of the second part,for the sum not less than insurable value,
<br /> and deliver to said party of the second part the policy or policies containing a clause with the loss payable to said
<br /> party of the second part, or assigns, and has agreed to pay all taxes and assessmenls against said premises before the
<br /> same, by law, becomes delinquent, and has agreed that if said party of the first part does not provide such insurance,
<br /> 3 or fails to pay all ta�ses as aforesaid,then said party of tlie second part, or holder hereof, may pay such insurance and
<br /> taxes,or either of them, and all amounts so paid by said party of the second part shall bear interest at the rate of nine
<br /> per cent per annum from the date of payrnent, and this mortgage shall stand as security therefor,and said sum may
<br /> be added to the amount of the mortgage debt, and the same recovered as a part thereof. Now,,if the said party of the.
<br /> � Cust part shall well and truly perform all of the obligations of said guaranty and shall keep said buildings insurecl as
<br /> ?' aforesaid, and shal] keep all taxes and assessments paid, and shall duly keep, and perform all the other covenants
<br /> and agreements herein contained, then these presents to be null and void.But if said sum of money or any part thereof,
<br /> or any it�terest thereun, is not paid when the same is due,or if said buildings shall not be kept insured as afonesaid,
<br /> or if the taxes and assessments against said premises are not paid at or before the time the same become by law
<br /> delinquent, or if said party of the first part shall fail to keep and perfor[n any covenant herein contained,the hoider may
<br /> 4 maiutain an action at law or equity to recover the same, and the commencement of such action shali be the only
<br /> ! aotice of the exercise of said option required.
<br /> AND IT IS FURTHER PROVIDED AND AGREED, that the said Mortgagor shall and will pay all tvices levied
<br /> upon this mortgage or the debt secured thereby, together with any other ta2ces or assessments which may be levied
<br /> under the laws of Nebraska, against the said Mortgagee or the legal holder of the said mortgage on account of this
<br /> y indebtedness.
<br /> ; IN TESTIMONY WHEREOF, _..I.yXAXL$._..��'ennick_and.__Monna___R._.Brennick _ �RELTNTQ
<br /> � set their hands the date above rvritten. '
<br /> I PR.E NCE OF
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<br /> - STATE OF NEBRASKA � SS
<br /> County of Valle� )
<br /> On the?2nd_. ,�ay �f August,_.,__, _ _._._,____ p, D. _�-97?_. before me, a Notary Public in and for the
<br /> ' said county personally came the above named.�,Xnn�,,,...:�_�.onna R_Brennick.___________^__
<br /> � ? who am personally known to me to be the identical persons whose names are affixed to the above instrument as grantors
<br /> • E and have aeknowledged said instrument to be their voluntary act and deed. g
<br /> WITNESS by fiand and Notarial Seai the date last aforesaid`{����'!�-"�-?i_ � ' f4,
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<br /> - � RE�E�' Notary Public ;`��.
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