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<br /> This Indenture,Maaeby'ana betwc�n CLARENCE I. NOFFMAN E� CAROLYN L. HOFFMAPd and
<br /> ; __JAMES,J., _KI.TT�N,.,&,.ALINE R ; KITTEN_ . ...... ......_. .;`,,,.,,_. �vhetheroneormorehereinafterreferredtoasmot2gagor
<br /> �- • ' �a THE OVERLANO NpTIONAL BANK OF GRAND ISLAND; Grand Island, Nebraska, hereinafter
<br /> referred to as 'Bank
<br /> � The Moxtgagor for and in coneideratton of($ ���s�QQ QQ) ...... .-.......`- �
<br /> ^ Thres Hundred,Sixty.Two Thousand and,No/7.00. . . . _.. _,...: ... .. ..:.......noLLatts,paidbythebank.'
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<br /> ' the`receipt�whereof is here6y acknowledged,"hae granted, bargained, sold and conveyed, and by the presents, dces graat, "
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<br /> %. : bargain,sell and convey,uaW said bank,t6e following described rea]property Nituated irr the County of :Hd�� :. °
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<br /> and'Statenf Nebruaka;to-wit: < :
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<br /> Lots`Three--(3), Four (4) and Five (5) in Block Ninety Seven (97) in Section
<br /> ' SixteQn {16), Platted as Railroad Addition to Grand Island, Nebraska
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<br /> "�together with all�the tenements, hereditaments and appurtenances to the same belonging, and�nll the estate,�title,claims.and � ��
<br /> � �demands�whaCsoever of tfie �mort�ngor�.of, in or to�said premises or�any part, thereof; and said mortgagor doex�.hereby�cov-�'�
<br /> 'enant,�that..the mort�agor-is�.laxFully seized of said premises,that said premises are free from incumbrance�and�mortgagor .
<br /> a � t �wi11��warrant�and defend the��title to said��premises against the claims and.demands of all pex•sons whomEoever. . �� � � � �
<br /> 3 ' . �PROVIDED:ALWAYS,�and these presents�are upon these conditiane: � . �� . � . � .
<br /> � " WHEREAS, the murtgaKor has�executed and delivered to the Bank_�....... d C2Ytdl I1 ..,_ promissory note ' '�. � �
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<br /> �� and��.�has agreed to maintain fire, windstorm and extended coverage�insurance on said premises in amounts required and in � .
<br /> '�.�. �..�companies spproved t�y the bank and with stands�rd mortgage clauses which policie� shall be delivered Lo the. bank, �and�has
<br /> '.agreed.to pay all taxes and�assessments levied a�alnat said premises.before the sume become delinquent and.to mnintain said
<br /> . . ���preinises. � . � � � . � � . . . .. �� . �. .
<br /> �. � �.Now,therefore, if the mortgagor shall cpmply wiih all af the pro�zsions of said note ssnd the provisions�hereof, then �.
<br /> � tbese presents�s•hall}�e nuli�and void. . � � � � � . �
<br /> However,�if the�atwve note and interest thereon or any payments called for thereon are not paid when due or�if any �
<br /> '.oY the covenxnta�of this�instrument are not comglied with, the bank, or the holder hereof, at its option may�declare�the re- ��
<br /> "; ���maining�balaace�of said� indebtedness due 9nd p�yuUle and may maintaiin sn aMion at law•or in equity to recover�.alI amou=sts
<br /> .��due-and.enfozce'the provisions�hereof. In the event of Lhe failuzc of mortgagor to rnnintain the premises, or to msintain
<br /> .� :��inaurance as�is above provided for, or to pHy tax.es or assess�nents,the holder hereof may advance the sum or sums necessary �
<br /> " ..to obtain.compliance and�such amonnts shall.be added to the amount due un xhe above mentiuned note and bear interest at� �
<br /> ; �:the�highest,legal rate. � � � � � � � � �
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<br /> .IT�I8 FURTHER AGREED, this mortguge sh�ll constitut.e notice hereof, that this�mortgage is security for�not pnly` ���
<br /> � t � the�.'amount advsnced concurrently with the execution hereof but all future advances which may be made at the option of the �� .
<br /> ' : �.�parties�or their.assigns..up,to tl�e Wtal amount stated in this mortgage, to the same extent as adyances�originally made here-�. � �
<br /> " �undei. Further notice.is hereby given�that the tenor of each Mortgage Note�including the interest rate, payment,�maturity, �
<br /> � .�penalties,��:and.�other terms shall concurrently upon execution become a part af tliis mortgsge. �
<br /> � IT IS FURTHER AGREED, that the said 1lortga�or shall and will paS al]tt�xes levied upon this mortgage or the debt
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<br /> �secured..thereby,��toget},ez•witla�any other taxes or�assessments tvhich may.be levied under the Laws of Nebraska, against the�� � �
<br /> said Mortgagee yr the legnl holde�r of the said princips�l note(s) on account of this indebtec3ness. � � - � � � ��� � �
<br /> � � IT.IS.FURTHER AGREED,if at any time,while the mortfiuge is in effect and the note for which this rooztgage is� �
<br /> E��� given.as�secaritiy,.or any�part thereof, remains unpaid,the undersigned Mortgagors sell, convey or contzact to sell� the�real �
<br /> estute herein described,�or'any part thereof, or the Mortgagors do not�have�or cease to have�title to said�reai estate ar�any. .
<br /> � part thereof,�then�and�in.any such events, the A4ortgagee may.at its option,declare the unpaid princip»I balance; and�inteteat, �
<br /> - �� of'the nate secured�hereby immediately due and payable. In the event that these premises are not now,or should�hereafter,not
<br /> -�be.oceupied by��mortgagor�then this instrument sh:zll�constitute an assignment of rentals and service of a copy thereof upon the � �
<br /> ��., :occupant�ahsll be sufficient to�require ail payment for rente] or use of t.he premises after date af such service �to made to� �
<br /> martqagee.
<br /> 'i Signed th3s.....-�-•�,SL ......---...day of..........JUI'1C..............._........ . _ .., 19...��,�...f. .. . �
<br /> In Presence of �f°.�'f����J` � "`�Y��.H t'tn�
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<br /> � STATE OF._: NEBRASKA._.. .,.... County of. ...HALL : .... .. }aren e I & Caroly l�. HQff[�an and
<br /> �� Before me,�a notary publz qunl�fied for Gaid coonty, personatly came�arr�es J� K�tt�n� �n�f �1 i ne K. Kt t�ten
<br /> known tc��me to.Le�the�dent:cal ptrson ox �crsuns�cho�signeu thc.fprcgo:r.g cns rumerii an ac�now e ged the execution t ere- . �
<br /> ��oI to�be�.i�is,ner ur tneir�vui:uciCary nct a�,ti de�d. � � .
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<br /> � �. Witnese mY haad and�notarial seal on:..:..�_. � ..,...:June..1.........:_.......::. . _....,19:.77 . � . �.
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<br /> Y � RAOEAI�3�.6CE1C'1C �s. t,' i%�—,c�„c��� �`.�^ a'�„�� � �
<br /> �iltiOtt�'IgYAAt'e�'rteceof .. .... ...._., 19�._. _. ,,ti r�.:u�..�'�X-....._ . c:-!�....Aotary Pub2ic:
<br /> ,.�.'.y._;s v ommisainn Expiren . . . . . � . . . � . � � � � ��'�� ' •�t
<br /> � STATE OF=�H ta.�Y S tg7g �� . Z� Entered on numerical index and filed�for zecord : � � �`' � � ; �
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<br /> � County � ._. . � , . � � J � �� in the Register of Deeds Offiee of said County the�� � ���
<br /> � .� .......:� .... .........day of.�_ .. ........ ..... ......... 19 .�.._ ., at......_.. _�:.... .__�.dclock and.... .. ............zninutes .._... . �....M., , � ._ .;`"�.��,� .
<br /> ���.�i - :and;recorded�:in�Hook:. ......:�'.. �� �..:.....�. .:.�..af::...�.....:.....:............�. .....:..at Page.. ....._ ..�.....:... � � . . �` , :;; `
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