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<br /> ' MORTGAGE
<br /> %7. 006230
<br /> ThioIndenture.teteaebrendbetw� KENNETH B. KNOX AND DAVID E. PHILIPPI, AS TENANTS .IN COMMON
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<br /> � �'�__ ��"� ��__ �____ _'-��' __"____�'_'_� wh er neu m ere fter fe to moif�+�or
<br /> .pa �`M� bV�RU►Np I�fATTONAL BANK 0� GRKND TSLANO, Grand�s�an�, �e ras�ca,�iere na�ter
<br /> � referred to as Bank 96,000.00 � _ _ _ __ _ _ _ ,
<br /> 'llwAlort�a�orforandinconaideretionof(S_. . -'_'___-____'___'_-'_" __-_-'_____ -���'_�
<br /> _. _ _____ __......
<br /> NIMETY-SIX THOUSAEiD AND NO/100----------------------------- --------
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<br /> _ _ ____ .. DOi.I.AH.S.aaid by the b.nk.
<br /> the recsipt whereof ir hereby acknowletlaed, hae �ranted, bargained, xold and cunveyed, and by the pre�enYs, does arant,
<br /> �ain,emll and convey,unto uaid bunk,the foll�rving deecnbed reai pn�perty xitua ted in the County o� _Ha��
<br /> __. __.____..._
<br /> State of Nebraeka.to-wit:
<br /> A tract of land with 240 feet fronting on the East side of South Locust Street in 6rand
<br /> Island. Nebraska. and extending East 433 feet. more particularly described as foltows:
<br /> Beginning at a point 408.77 feet south of the Northwest corner of the Southwest Quarter
<br /> of Sectton 27. Township 11 North, Range 9. West of the 6th P.M., Hall County, Nebraska,
<br /> also known as Part of Lot 4 Island, thence running east and parallel to the North
<br /> Tine of the said Southwest Quarter a distance of 433 feet, thence south and paraiiei to
<br /> the West line of said Southwest Quarter a distance of 240 feet, thence West and
<br /> parallel to the North line of said Southwest Quarter for a distance of 433 feet, thence
<br /> North along the East line of South �ocust Street for a distance of 240 feet to the place
<br /> of �eginnin�g all in Grand Island. Hall Count�y� Nebrask�
<br /> tn�et r with a! t�r tenements, hereditaments and xppw•trnance. u thr same �elonginq, xnd all the estate, title, claims and
<br /> dee�ands whatwever of the mortgagor of, in or to aaid prrmises ur any part, thereof; and eaid moKgagor does hereby cov-
<br /> enaat, Ch�t the moKKagnr ie lawfully seized �,f said premiees,that said premiers are free from incumbrsnce and mortQaQor �
<br /> will warrant and defend the tiUe to said premises aKains� the claim�; and demands of atl perxona whomsoever.
<br /> PROVIDED ALWAYS, and thrse. presents are upon these condit�ons:
<br /> WHEBEAS, the mortgaK�r has exe�•uted and deliverrd to the Bank . . .d C@1"td�� , p�missory note
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<br /> dated October 25, 1977, for $96,0OO.Oa at 9.75� interest, to mature April 24, 1978.
<br /> alld haa agreed to maintain fire, windxtorm xnd �-xtendrd ��in•eru�;e insuranve un said premisrs in smnunta required and in
<br /> eompaniec rpproved by Lhe bank and with st.xndard mort�;u�:r cixuses which p�.�licirs shall be drliv:•red to the bank, and ha�
<br /> atraed to pay all taxex and xsere�ement� Ievird u4a�nst aui<I prern�s��.c brfure the sa�nr. 6rconie drlinquent and Lo mainGtin said
<br /> pre�i�e�.
<br /> No�r, therefore, if the mortgagor ehH❑ cnmply with xll of the provisiuna uf aaid nute and the proviaions hereof, then
<br /> these presenb ohall be null and void.
<br /> However, if the atwve note and intrreezt thrreon or any payments called for thereun are not poid when due or if any
<br /> of tife covenants o!this instrumrnt am not complied with, the bank, or the holdrr hereoY, at ita opi=on may declare the re-
<br /> ieaiefet�6alance of eaid indrbtednesa due nnd p:�,vahl�• xud maY ���emtain an x��tion at law�or in eyuity to recover all amount�
<br /> due and enfurce the provieionr hereuf. Sn thc .•��•nc „f th<• fa�iw�e ui n�urtgagor cu maintain Lhe premisea, ur to maintain
<br /> inWraece as i� above provided for, or tu pay taxr+ ur a�ses�mrnts,the hnlder hereof may advance the aum or nume neceasaty
<br /> W obtain compliance and sueh amountx nhal! br added tu the amount due on the above mentioned note and bear interest at
<br /> tlfe lei;hest leca! nte.
<br /> IT IS FURTHER AGREF:D, this murtK+�Kr shall constitucr noticr h«�reuf, that this mortgaqe i�s security for not oaly
<br /> the amouet advanced concurrently wi[h the rat�rutiun hereof l��ut all fuw�r advanves which may be made at the uption of the
<br /> paeties or their assiRnr up W the Lotal amuunt atatrd in thia ro�,rt.�;nKr, to th.• axme extrnt na advancen originally mrde here-
<br /> Ileder. Further aotice ie hereby qiven thrt thr tenor of eaeh Mort�et�e Notr includin� the interest rutn, payment, maturity,
<br /> yenaltiea, and other terms erhall concurrrntly upon rxr�vtion b�•cumr a part of thie mortKage.
<br /> IT IS FURTHER AGREED, that thr said MortKngor shall and will pay ull taxes levied upon thia mort6RC�or the debt
<br /> �ecutet!thereby, together with rny other tnxe, or >ssesame�nte w�hich �nuy br lecird under Lhe I.awe ot Nebraska,aqainet the
<br /> �sid lloetQaQee or the lrgal holder of thr said principnl nut�-�(sl un xco��unt nf thi:;indrbtednrsa.
<br /> IT IS FURTHER AGAEEll, if at any t.imr, whilo thr mortKeBr is in effect and the note for which this mort�pe i�
<br /> �ivee�as security,or any pYrt therrof, remain� un���aid, the ur�drrsiKncd Mortxxtiors sell, convey or contract to sell the real
<br /> wtate herein de�cribed, or any part thr.rrnf, or thr 'Nurt�agurs du not huve or craae lo huve title tu said real entute or any
<br /> oart thereof, then and in any sueh events, the Murt�a�;ee may,at its aption, declare rk�: unpYid prinripxl balance, and interest,
<br /> of t6e note recured hereby immedintely dur nnd pay-able. In the rvamt ihat thrse premlers are nut now, or shuuld hereafter,not
<br /> be occuDied by mortRaKor then thi� instn•um�•nt .ha!' ���+vstitute:xn as�iknmrnt of renta!s and servicr nf n copy ihereof upon the
<br /> oeeupant�hall be sufficient to rryuire si1 pnyment fur rrntal ur usu uf thr pi•emisrs after date of such service to made to
<br /> roet��ae.
<br /> Si�ed tha..._._25th. .....day of _QCLObE'1" ____ ... 19 .7�..
<br /> Ia presence of K .. �_. _.._ � '1'la�rtlyn�� ��K aX" �
<br /> / . _
<br /> ....-•---......._ _. ..._._......_ _... _ _ _ _ _Naani_L.....Phi71�PPi
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<br /> srw�or..... .M..�.�iiASKA ._ __ ��„�c. „r MALL __ pnn t 8_ n Mari lyn {� Kno�c and
<br /> Bnlure n�.r�i�Lra> 4.uL y�n�:f. ,.. . ,w�ty y -rrune;y -_iur �i�s���� �S� ���1 L P(1��j�Ql
<br /> Itao�rn W me to 6e the �dentical per�un i r p��rson h�, si�,�ed rhe f rrgning ru e f a rkn edged the exec on there-
<br /> e[!�6�his,ber or their soluntary act and deed.
<br /> ��� �tar�zl ee.al on . . �GtQQCI�.�=J....... .. ..... ,/�9�7
<br /> i�'.y�� - � ; �
<br /> 1ey�q'�M �.a�.- �.:� . . 19./ . �?'[.,� ..�. r ti. _�...�otary Publ'u. � . . -'S
<br /> s'!A?6 O! � - � --�-��-. . -�� - �.� .- . j ntered on numerical index and filed tor record � '� a
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<br /> Ce�t� ........._.... _... . ___.. . m the Re�ister of Deeds Office of eaid County the .,
<br /> � .. � Aa� ef 79 At ...,�k an.+ ..,...u.o. y�.,
<br /> YYd cra.'W'3w1 ia Suul._....__.... .. ..__._ __._..uf . . .__...___ . ._.._ .sl prK"e .. .. . .._.._ . ................. �. � ,,:.� ,
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<br /> .... ___.._.._... .._....... .. . ._.. . __ .. . .Re[. ot Deed�
<br /> BY.._... . .......... _...__.. ... . . .._ . _. .. ...Deputy
<br /> ft J
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