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<br /> 'b��,(]���f j g Account No. _ 19924 _
<br /> OPEN-END REAL ESTATE MORTG AGE
<br /> .LOREN J. F2AUCH and BONNIE D. RAUCH, husband and wi.fe ,n�r��neae�
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<br /> called the"Alorlgagur",docs hereby mongage the Iul:uwing descriFed rnai c::late:
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<br /> Lot Three (3) and Four (4) in AMICK THIRD SUBDIVISION, an
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<br /> Addition in Hall County, Nebraska, as surveyed, platted and
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<br /> recorded.
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<br /> hereinufter called the"premises",to Bell Fednral Crqdit Unioq, hereine(ter caUed the"Mort gag e", iqconsidf a wn o(the �. �
<br /> nmount,tinanced by thr.A1or�gngee in thc sum of Nine Ti1011Sdrid Fi,y,e,,,Hundre� 3ritl NO ��Ot115
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<br /> . a ----- 9500.00........�, i r s
<br /> , �I ........._..._.pQ.�.a.._.�:$....-.--.-.'.-.�.-�.-_.................�._(5.................................. rccei+t of which is hereb acknowled ed.and in �
<br /> � consideration of covenants nnd agreements hereina(�er set forth: � .
<br /> PROMISSORY NOTE:This martgage is�iven to secure payment of the amount financed togethe�with interest,according to tho rerms al �.
<br /> the Mortgagor's promissory note of this dato. �
<br /> � AOOITIONAL AOVANCES:This mortgage shall secure any additionai amounts tinanced rogather with interest,which moy be made at the
<br /> � mortgagee's option at any time before the release of this mor[gage provided,the age��egate amount sewred shall not excced tho meximum �
<br /> amount permitted 6y law,ezcepl tha[nothinp herein contained 5hall be considerad as limitinp the advancas secured herein which are made to � ��
<br /> protect the secunty or made in accordanw with covnnants contained in this mortga�n.Any additional advances,with interest,made by the �
<br /> mortgagee to the mortgegors,or their succe.sors in title,for any purpose,at any time 6otore the releaee and canceltation of this mortgage,but �
<br /> . at no time shall the aggrepate principal amount secured by this mortgago,b�ing the amount due at any tima on said original note and any .
<br /> additional advences made,exceed the original principal amount secured 6y this mortgage,being the sum as set forth a6ove,provided that . �
<br /> . nothing herein contained shall be conside�ed as limiting the amounts thut shall 6e secured here6y when advanced to protect the security or in
<br /> accardance with convenants contained in the mortgage.
<br /> WARRANTY:The Mort�agor hereby covenants with the Mortgapee that the Mort�agor is lawfully seized of tho premises,that the premises �.
<br /> - are fine t�om encumbrances;that Mortgago'r has good,right and lawful authoriry to convey the premises,and that the Mortgagor warrants and .
<br /> � �:� will defend the title ageinst the lawiul clairns of nll pursons whomsoever,except................................................................................................
<br /> �: , .................�fl...�'XC@�7't'Y6TTS...................................................................................................................................................................... �
<br /> + ': ................................................................................................................................................................................................................................
<br /> - OWNERSHIP:It there is any chanpe in the ownership of tho premises by sale or othorwise,then at tho election of the Mortgagee the unpaid
<br /> . balance oi thu amount tinanced including udditional amounts financed toyether with interest shall become due end paya6le at once without �
<br /> � damend or notiee.
<br /> . INSURANCE AND TAXES:The Mortgagor shall maintein fire,windstorm and oxrended coverage insurance upon tha premises in an emount �. �
<br /> not less than ihe indebtedness due tha Mortgagee with a loss�paya6le clause in favor of Mort9ogee.The Mortga8or egrees not to commit nor
<br /> permit waste on tho premises.The Morteagor shall pay all the tazes,levies and assessments upon thr premises beforo tney become delinquont.
<br /> ; In the event thu Mortgagor shall fail to ohtain insurance or pay taxes and other liens before delinquent,the Mor[gagee mey either.pay them,
<br /> . creating a lien secured hereby for the amouna so advanced to9ether with interest at the annual percentege rare of twelve per cent(12%1;or
<br /> - � �consider Mortpagor in detault. .
<br /> DEFAULT:The Mortgegor is in defaWt if any o(the rerms and conditions of this mortgage or the promissory note or notes secured hereby are �
<br /> hrcached.Upon dofault,ihe Mortgaqee without domand or notice muy declare tha entire de6t secure�6y this mortgage due at once and may
<br /> . foreclose this mort8age for the satisfaction thereot.
<br /> � �� RENTS:All rents and profits derived from the premises are hereby assigned to the Mortgagee and upan delaWt such ronts and profits shall W
<br /> .paid direcUy to the Mortgagee to be applied against the unpaid balance of any and all advences secured hereby togother with interese Upon
<br /> � defeult the Mortgagee shall be entitled to immediute possession of the promises.The Mortqegor irrevocably appoints the Mortgagee end its �
<br /> ' assigne and sucrnssors his attorney�imfact to rent,manage and maintain the premises as it deems best,and tha Mor[gaBor further egroes to pay �
<br /> � said attorney a reasnnahle fee tor such servires_ .
<br /> 15th June 76
<br /> ^.. �. SigncJ�his . ....._...............4.....� or._...._.........................�_�............._��. t9 .--
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<br /> onnie D. RaucH..-.....i.fe......_...._.._.__---------..__-•--
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<br /> e COUNTI'OF............................
<br /> . [�efore mc, a tiump• public yuulified (or said countY, Personally came
<br /> � Loren J. Rauch and Bonr.ie D. Rauch, husband and wife
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<br /> . Q��rt�r. to mc knau�n io be the �dcu�ical per.;un who signcd the fu[egoing instrument end acknowl-
<br /> t � �) rdRed the execution theren(to be ..t1?L'.lr...._...._......ruluntary act and deed.
<br /> ' �Mr t���0
<br /> = � t�9'1'tiFSS my hand��d,riutarial scxl�,� .,_June 1.5 76
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<br /> A1Y Commission Fx��r�s: ._.._........................................................... Velia Narduzzo
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