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<br /> TFI� MOIi,TGAG01iS H�REBY COVFNANT AND AGR�E .
<br /> Thut this mort.gage is given us security tor tlie pedormanee nnd obsen�ance of the covenants nnd agreementa
<br /> lierein contained and to secure to the mortgngee the payment of the sum of One Hundred Fi fteen ThOusdnd
<br /> a - --- -- - -- - - - ---- -- - --- --- - - - ------ --- - -- - -- --- - - -- - - -- Dollnrs (S 115 , 000 . 00 ) with in-
<br /> rf tereat thereon according to the terms of s certain note of even date herenith, exeeuted by said mortgngorS to said
<br /> 1 ` mortgagee in considerntion of the actunl loan of he sum nid, said interest to be computed from november 3 ,
<br /> 1� 76 , at tl�e rate of in'L82'est �" c3 y ' ,��nbte on the first day ot each and every
<br /> Month of May and November beginning
<br /> i tiay 1 ; 19 77 , upon nll principal remaining from time to time unpaid ; principal
<br /> ' t,o be puid in instttllments us follo�vs:
<br /> E 3 , 000 . 00 on May 1, 1�J 77 and $ 3 , 000 . 90 each on the fitst days
<br /> nf hiay thereafter
<br /> to hlay 1, 19 90 , inclitsive ; and
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<br /> $73 , 000 . 00 balance on h�y l, 1� 1 ,
<br /> with interest in tl�e event of default at the rnte of tW:li�o per centum per annum instead of �� rate as provided
<br /> �_ in said note. Snid note is papable nt the Home Oftice of John Hnncock Afutual Life Insurance Company, E3oston,
<br /> � 1lassachusetts, or nt such ot$�place or pl�ces as lhe holder t}iercuf mny from time to time designate.
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<br /> � That th2 mOPtgdgOt'S/ lntirfullp seized in fce simple of the mortgaged premises, and that they hdVe
<br /> a good right to sell snd convey the same ss aforesaid ; thnt the mortguged premises are imc and clear o( a!! encum-
<br /> brnnces, except as aforesaid, and that they «�ill n•arrant nnd defend the sxme unto tt�e mortgagee
<br /> ; against the la���ful cluims and demands ot all persons;
<br /> r To pay the note hereby secured and intemst thereon as same shall become due and payaUle, and sslso any other
<br /> indebtedness thut mn�• accrue to the mortgagee under the terms of this mortguge;
<br /> � To neitlicr commit nor sufier strip or ���zste, nor sufier any violntion of any luw, b}•-larv, ordinance or contrnct
<br /> n(iecting the mort�aged pmmis�, to keep Lhe mortgaged premises in good repair and not to do or suQer anything
<br /> that will in any �sue diminish thc ��aluc of the mortgaged premises ;
<br /> ; � To pay nll taxes, nss�sments and charges that mnp now or hereafter be le��ied or assessed upon the mortgao d
<br /> premises Ixfora a2me bceome delinquent;
<br /> p` ` To kecp the buildings notie or hereafter stnndin� on the mortgaged premiscs nnd an�� and nll apparatus, fiztures
<br /> ' and appurtenances no�v or berenittr in or attacl�ed to said buildings insured against lc�s or damage by fire, tornado,
<br /> ` e•ns or other c.�sualties in such form, in such companies and in such sums (not less U�an sutlicient to ati�oid uny c(aim
<br /> on the �art of the insurers for co-insurnnce) as may be satisfactorp to the mortgngee, and to deliver to the mortgagee,
<br /> $ at Icast fiftcen dacs Lefore the espiratian of any policy cn the mr�rtgagcd premises and�or appnratus, fixtures nnd
<br /> z appuricnnnces as aforesaid a nen� and euf£cien! policy to t�1ke the pl:ic�c of the one so expiring, all insurancc policies
<br /> f tis afores;iid to be hcld by nnd be for ihe benefit of and Ue first pnyubte in case of loss to the mori�gee ;
<br /> ' That in cvse of s:ile of tlie mart�a{;ed pmmises us pro�•idcd hercin, or in c�.se of n.�ignment of said note, the
<br /> holder ot said note is hercby appointed thc altorney irre��ocable ot the mortga�or5 to mske nn ussignment of
<br /> any and all insursnce policies as aforc•said and tn collect all moncys due tl�eieunder iE same are cancelled ;
<br /> Tlwt upon ililure to comply n•ith nny of these co��enants and aercements as to pa}znent ot taies, assessments
<br /> ^; and chnrges and�or procttremr,nt of afotesaid insurance the mortga�ec mny pay spjsj,;�,�+�s, assessments or charges,
<br /> + or cost of such insumnce, and tLe amount so f�tid shall besr interest nt the rate of�S�Ocper centum per annum from
<br /> ^ d�te uf p:iyment, and said sum or sutns so paid shall be immediately duc and pa}�able, :ind Ehall be an additionul lien
<br /> ; upan the mur't�rid d premises, and be �ecured by this mortgage, and mu}• be collecicd in thc same manner as tt�e
<br /> � Principal debt hereby secumd ;
<br /> That the excrcie of the riglit, and nuthority Lerein grunted to pny tiles, ny�sments and charges and take out
<br /> insuranee shall be aptional �cith the mortgagee and not obligaton�, and tl�e morf,gagc�e shnll not in any alse be linUle
<br /> � to tl�e morteagor S for a failure to exercise any such right or nuthcrity;
<br /> f' That the mortga�ee shall be suUrogated for further security to the licn, ulthough rele.nsed of mcord, of anp nnd
<br /> - ' all encumbrances psid out of the procceds o[ the loan sectaed by this moit�ge;
<br /> That in case the mortg.�o�cc shall hereaiter appear in sny of the lnnd departments of thc IInitcd Statcs Co�•em-
<br /> (. ment, or in nny court or tribunal •a�hate��er, to dciend the tiUc or possession of thc mcrtga�d premis� or the lien
<br /> oP this mortgage, or shall Ue made a party de[endant to an}• action nt lan� or suit in chancery by rca.aon of the exe-
<br /> c cution of this mort�age and mnl:e an sppearance in detense of said action or suit, all the wsts aud espens of mcL
<br /> appenraoce ehall Ue ullon•ed the mortgagee, nnd such costs and expeascs shull bear interest at t6e mte of�j�p�r
<br /> centum per annum from date of pa}�ment, and said sum or sums so paid shall Ue immediately due nnd payable, and
<br /> shall be sn udditions] lien upon the mcrlgaged premises and be secured by this mortgage, nnd ma}• be collected in
<br /> ` ' the same manner as the prineipal debt hereby secured ; �� . 1 . .
<br /> To pay to the morte gce anp money� rcreived as tlamaScs �ehich may have been sustained bp or assessed against • N ^
<br /> the mortgaged premises n-heLher for u tuking by public authoritv or in nny other manner n•hatsoever; � ..
<br /> IThat t,his mortgnge creates a continuing licn to secure the full and finnl payment of said note and :�11 the otLer �
<br /> `' oblio tions imposed hereby and hereufter arising; � ,
<br />`�' ' That the mortgaged premisrs being locsted in thc State of Nebrasl;n, this mortgage and thc rights and indeUted- � .
<br />� ness hcmhy secured shall, K•ithout regurd to thc place of contract or payment, Ue construed and eniorced uccording
<br />�, to the 1rrnB of the State of I�ebruska;
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