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<br /> # , MORTGAGE
<br /> 77. =.UU61'74
<br /> ThirIndenture.Madebyandbet�+�ean _JOHN DHILLON� INC., a Nebraska Corporation
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<br /> ,�THE DVEt�AriO 1�1tTI0lUtt 81WK_Ofi GRAND ISLAND, GrBnd"�T`�dR�.°`tf�'�$�':�9f��Y'�ia�Pf��1Oi�f�red
<br /> � to as Bank �
<br /> '!!rblortp�orformdinaonaiderationof(f...45.�000.00_,�--.-. ----'---.�— .. ---' ---- ---- __ _ —'�—�—'
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<br /> FORTY—FIYE THOUSAIiU ANO NO/100---------------- ------ ---- ---------no1.I.ARs.o.idbyrbeb.n�c.
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<br /> !he nosipt whareof ie hereby aclviowledQed, haa grented, bargained, eold and conveYed. a+�d by the prerenta, doer �rant,
<br /> �' �ell and canvey,unb eaid bank,the following deYcribed real property aituaud in the C'ounty of H8��
<br /> 9tale of Nebraslca�to-wit: _ _ _. __ ............_
<br /> LOT FOIfR (4) IN BISHOP'S HEIGNTS THIRD SUBDIVISION, HALL COUNTY, NEBRASKA
<br /> to;ether with rll the tenementx, hereditartients and eppm•trnances co thc- same belonginR. und all the estate, title,claima and
<br /> demands whatroever of the murtqaRor of, in nr to said p:emises ur• xny part, thereof; and aaid mortgagur does hereby cov-
<br /> enYnt, that the mort{�agor ix IawYully seizrd uf saiJ preroises,that snid premia<va are free from incumbrance and mortyaQor
<br /> wil!warrant and drfe�d the title to said premises aKninst tl�e claims and Jr�ntBndx of ull perAons whomsoever.
<br /> P&OVIDED ALWAYS, and these preeenta nre upon these ronditiony:
<br /> � WHEREAS, the mortKagor has executed und delivered to the Bank __, d eertai n
<br /> .__.._._. _..... . ... promissory note
<br /> datad October 21, 1977. for $45,000.00 with interest at 10.0%. scheduled to mature on
<br /> February 20. 1978.
<br /> �nd hu a�ree�! to maintain fire, windsu�rm ssnd extended c�>vera�;e insurance un Ksid premiaes in amounta required and in
<br /> companieo approved by the bank and with standard mortga�c�rluuses u�hi��h poticies shall t�e delivered to the bank, and ha�
<br /> aseesd to pay all tsxes and assesamenta levird aguinxt said prrmisrs befure the same become delinquent and to main4in said
<br /> premi�.
<br /> Now, LhereYore, if the mortkaAor shall eomply with all of the provisiuns of said note and the provieiona hereof, then
<br /> thNe presents shall be null and vuid.
<br /> However, if the above note and interect thereon ui• any paymenta cailed far thrreon are not paid when due or if aay
<br /> o!the covenants of this iastrument arr nut complied .vith, tt�e bxnk, or thr. huldcr hereoY, at ite option may declar� the re-
<br /> w�tinin� balance of said indebtedneen dur and payablr and may maintain un avt�on at law• or in equity to recover all,mounte
<br /> due aod enforce the provieions hereuf. 7n the event uf thr failurr uf m.,rlgngur to maintain the premises, ur Lu mPinLin
<br /> if�W�sece a� is above provided for, or to pay texes ur aaxessmentn, the holder hereof may advance the aum or sumn neceWry
<br /> Lo obttie eomplunce and such amounts xhall be aJded tu the amuunt due on the aFwve mentiuned note and bear intere�t at
<br /> t6e hishe�t lesal nte.
<br /> IT 13 FURTHER AGR.b:ED, this mortkaqc shall constitute noticr hereof, that thia mortgaKe ie security for not only
<br /> t6e amount advaneed concurrenWy with the exrcution hereof but all future advancea which may 6e made at the option o!tke
<br /> paxties or their aa�iQns ap tn the totYl amount stated in thih rourtK$K�', to the same extent as advancea uriginally made here-
<br /> mnder. Further notice ie hereby given that the tenor uf ench Mort�aKe �%ate including the intereet rrte, pryment, maturity, .
<br /> /ensltie�, and other terms shall roncurrently upon rxecution become a part ��f this mortKaee.
<br /> IT IS FL]RTHER AGREED, that th�• said N.�rt�;xqor shall and u�it1 pay atl txaes levied upon this mortea�e or the debt
<br /> YCYrod theieby, toeether with any other taxes ur usgesements which may tie levied under the I.uwa of Nebraska, a@sin�t tbe
<br /> �aid![oetQaQ'ee or the legal holder of the snid principal note(s) on acvnunt nf this ind�-btednrss. .
<br /> IT IS FURTHER ACREED, if at nny time, while the mortRaKe is in efPect and Lhe nute fur which this mortqaQ+e i�
<br /> ttivep as�eeurity,or any part thereof, rrmYins unpnid, the underai�ned MurtKngurs �rll, ��onvey or contract to sell the real
<br /> M4te htrein deacribed,or xny pxrt thereof, or thr .'NurtKnK��'s do not have or eeasi� tu have title to naid re�l ewtate or any
<br /> p�rt tbereof, then and in any uuch events,the MortKaK��r may,at its option, Arclare the unpaid prineipa! balance, and intezeai,
<br /> e!tihe note aecured hereby immrdi,.crly dur an.l paynbir. 1�� t}�r.�.�,�n� ii�a�. ii��-ae prrmi.es are not nuw,or should hereafter,not
<br /> 1�!oeeupied by moetgeQor then thia instrumrnt shali constitute an assi�;nment of rrntnls and service of a copy thereof upon the
<br /> . •eeYp�at�Itall be tufficient to require all puyment fur rrntxl ur use uf the premixrs aiter date of such bervice to made to
<br /> r01'Cj'��Q.
<br /> Si�d thu..._...���S.C.._._.....day of _ QG�.O�_ __. , 19 77._ _._.
<br /> In prerence o1 �QHN..pH I. ; . . _ _ _ ___ _ ..
<br /> By• , �, _�.�`�:�� _ _. . ..?resident
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<br /> srwrE or.---..._____.. _ _ _ . ����,t� „r _ _
<br /> Eetoer me, a notary publi�• yuelified for said rwntp, per�unully cume '
<br /> Iteows ts efe to be Lhe identical person or per���ns w�ho signed the foregoinq inatrument and acknowledgrd the execution there-
<br /> s!b 6e his,her or their roluntary act nnd deeA.
<br /> pft���n!Aaed�ad nobrial �eal on.._ .. . .. . ._ _ ._...._...........____....._.. .. _.__.__, 19..__._..., °
<br /> ! ![s �em+wi..:o�u .�ir«:_ _._...._ .__ __ _ , la _.. .....__.._..._ ._....___...._... __._ _. :doc.ry Pub�ie. ' �
<br /> � � ��� �g t Entered on numericai index •nd filed tur record � , `��
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<br /> �4 ���•••••••-�•-�••������•� -��.� �---- in the ReQister of Ueeds Offi�e of�aid County the ���
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<br /> ............................diy O! . _.__ _... . ..� 19.. . , y4 . ��5•look nnd mio.ti!P� 91., � J
<br /> r! treeed�/ 71a loek. __. . ..._...... of. _..... _ _ at paqe.__ ___ ._. � . .;;
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<br /> Reg ot Deede
<br /> HY..... .. .._...._ ..._... .. . . .. . . . . . . .Deputy
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