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<br /> 1 14-! T!>ie'EQUITABLEuLife Assurance Society of.the..United:States "'`'� i ``,A4
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<br /> ; ' Tti MORTGAGEkdated#as of the 1'st da of ;Januar 76 f, y
<br /> IS
<br /> Leonhard W. t say T' ��'�f'�
<br /> ��rPl�, r 4� ��' b ti. g ,,y t 9 ,between i '
<br /> arc �f� Kdtzberg ane Alvena Katzberg, husband and'wife, each- individuall i 104,1Y ii`ir4 b'av
<br /> y,, a t ari d t her'own"ri ht 3and1 as O o e Y 11.113 5 t o,r oaf F a y Y.l
<br /> , C 1;fWtftoc' t*oljice acl it¢ o ver, tebrasKlya 08883 F. �,s'.j k ".J f,'4 ��
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<br /> k , s# "'�herel ;ailed,e;t4 rtcagar;/'and THE EQU:TITABLE-I.ITE;ASSURANCE:;SOCIETY OP THE.UNITED:STATE5,,"a New,Yorki ;` .. 5, `''`� rY,L xi?'
<br /> ',7.'' c'' ration h v ''teprincipa�otficeand post office address:at 1285"Avenue of�the Americas,New York,New York 10019 hereinaftersA jyj,*; f�Pl�{q
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<br /> � ,/,,s WIIEItEAS,thel+fortgagar is justly indebted•o the,Mortgaggee-in:'the sum,of One`Hundred Twenty;:Thousand and i,, �
<br />�fi -k. is QQ ^ Dollars(•S 120,000.00 )with Interest all as set forth in his Certain promissory notC,, 'F "' 'rtt1 k£fit , _'s
<br /> a , '< ( Note)of evrn date herewith maturing ,.March l .
<br /> " eta'‘f;''''''-:'''i:•':':'''''''''''''''HOW,THEREFORE'THIS MORTGAGE.WITNESSETH that,to secure the payment of the principal of and+interest or,the Noteµ )x r t' 1 +} v n
<br /> u i( a the orn ante.of the'covenantsitherein,and,herein:contained "and in consideration'of;tl a premises,the`Mottgagor by these presentav'r r ' rem z
<br /> as ,t < :- gain, seli,'convey,transfer.assign,:m.ortgage,.pledge,,`warrant.and confirm.unto the.Mortgagee,alt the�propertyf(" ���:` ��i'1:
<br /> 7fi; ': Mortgaged Property ) heimnafter described to wit: rba R l .0. i e4,4�t?fir,<
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<br /> I. The following described real property,located•hi the County of 1101) 'k jf' , W�, C r
<br /> y State of Nebraskan t..;,,,,. ;.','....:'rit �7 trtii
<br /> Nortfni
<br /> h: .: t (N E'� , " e
<br /> Half of the'Northeast.quar er•. IN ) of oection rf R
<br /> • 'Twenty two ,(22),"Township"Ten:,(10).,North;-_Range.Twelve.r , r. t'
<br /> a qtr • (12),.:West of..thie.6th-P M . • � ��
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<br /> at Default;by the.mortgagor under::any other instrument-securing:the debt-herebp ''yr,.
<br /> secured sha11 constitute--a default'under'this instrument. . • ,
<br /> i i+ II The'Mortgagors interest as lessor in all leases•:(including but not limited to,oil;"gas gas--and mineral!leases) now'or hereafter; t ,,4 {'
<br /> t affecting the above-described real property or any.part thereof. � 1,
<br /> t t i �a try
<br /> TOGETHERggWITH the rents,,issues and.or profits•thereof,•merving,however;(unless:otherwise provided herein•or.in:a separate; `i*A
<br /> P'a t agreementbereunderr,,to collect and•retaingsuch rents,issues,end profit to andas stthey inme-duehe and payablent of:the and togethote•or in erfalso with all and': fi r �. ;g'
<br /> t�� 'singulat,the tenements,hereditaments,'and appurtenances thereunto belonging, irri tion,drain and water ri hts•of every..„,,,,, ,
<br /> k ;. "kind.and description.• PPincluding 8a 8e g
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<br /> r°a TO HAVE'AND TO HOLD the same unto the Mortgagee,its successors and assigns;forever. # }
<br /> t .. { PROVIDED',ALWAYS,'that if the Mortgagor,his•heirs,representatives,successors or assigns,shall pa unto the Mortgagee;ib. ' i r�11
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<br />,�; successors or assigns,the said•sum of:money mentioned is the Note and the interest thereanat the times an plate rid in the manner � ` ,! �,�
<br /> x specified imthe Note and all other sums that ma become due:and owin to the Mortgagee ton of-the'terms;covenants and .• t
<br /> 4 r1 y gpursuantYb, Y
<br /> sem°tp conditions hereof;and perform•all the conditions and•covennts contained in this mortgage("Afar!gage''),then these presents and the : a
<br />'''e'''.*""''':';Yestate:herebygranted'shallcease;determineandbevoid,otherwise.to_remain in full force and effect
<br /> AND SUBJECT.to:the covenants and conditions hereinafter,set forth.• i r y
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<br /> i*x J, FIRST The Mortgagor hereby covenants and agree,to the extent permitted by law;as follows,'(a) o pay:promptly;when•due•-•: •
<br /> 7 the principal and'interest,nd other sums of money provided-for in the Note and in this Mortgage or either;(b)to•ppayall taxes assess-.; '
<br /> r raents-and other charges(including ditch carnal reservoir,.orother water charges,•taxes or assessments)•imposed•bylaw upon the Mort. ,
<br /> gaged Propetty,-the Mortgagee's interest therein,or upon the Mortgage or the'Note;provided however'that,in•the event.ofrthe.pas• i az
<br /> or I '$15.".-'-'777.';''''.
<br /> age of soy law.changin'g.the laws(or•the taxation:of mortgages.or debts secured-by mortgage so.as.toaffect this:Mortgage,the entire•, l ' t
<br /> ly ' indebtedness secured•hereby shall,'at the option of.the Mortgagee,becomedueand payable;-(c)to keep:the Mortgaged Propeityand tin cx
<br /> prnvementsthereon'ingeod condition and'repairand•not to commi•t or:suffer•waste'thereof;and except'as authorized in any;schedule�*: t
<br /> t nnexed,heteto and forming a part hereof•neither:o remove'nor permit the removal of:any timber,buildin oil; w 3
<br /> nd gas,--,MM Ms sone . r
<br /> r .. rock;clay fertilizer gavel or top soil.without the.prior written consent of the Mortgagee;(d)r o maintain and•deliver•to the Mort a ' �'{.`
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<br /> poh er of tnsuraricr against such harardi•on the buildings now or hereafter-.located-on the Mortgaged.1'roperty,as,the MoRjager may l " �s,r�"
<br />• i , in soclicoin es and amounts andwith:such loss payable clauses as shall be satisfactory,to the Mortee;:that in.the event of = '
<br /> S � loss the•Mortgagee is expresslyauthori ed•o settle,or comprromisise claims under;said policies anthe.proceeds shall be paid o:the Mort• '. ru:^' s
<br /> » ...i.,.4.- Rages-?'ho May apply same'or any.part thereof on the indebtedness secured hereby.or towards the reconstruction or repair of said build ,'r t ;
<br /> �" a t . ings or release same to the Mortgagor;.(e)to pay.any lien,claim or-charge against the Mortgaged Property which might trke:precedenm
<br /> � over theltenrheecof (f).to.pay on demand all legal:ex title searches,or attorney fees reasonably incurred or paid by the Mortgagee *r a-
<br /> r r to salter ttie.Note.or•foreclose.or protect the lien of,the Mortgage;,(g),that-in the event he•shall fail to comply:with•the provisions of ' i- ,, 1
<br /> J (a) theough(f)=above,the Mortgagee:may take such.action ar is necessary-to remedy such failua and all sums.paid by the,Mortgag.ee• i .j.,,.
<br /> F pursuant.heeeto with tnter•est'af-the'rite-hereinafter provided shall constitute:a lien upon the Mortgaged.Property,shall be secured by 134 , ,,`
<br /> ' this.Mortgage,and shall be immediately:due-and repayable.to the Mortgagee;.(h) not.to sell.the premises'.or any portion thereof, or, Y v•'9 ,' ,
<br /> mi"f15' if the.3tMortgagorris a aorppration-not more than...."o of its corporate•stock shall be,sold,traded or disposed of to.persons other.than ,1 i
<br /> the present owaem prior•o the.time the.indebtedness secured hereby.shall have been reduced (exclusive of prepayments not,permitted: '"
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