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I SECOND REAL ESTATE MORTGAGE I
<br />KNOW ALL YE BY THESE PRESENTS: THAT I or WE, JOHN D. CAVANAUGH AND KRISTY J. CAVANAUGH,
<br />HUSBAND AND WIFE, AS JOINT TENANTS WITH RIGHT OF SURVIVORSHIP
<br />of HALL County and State of Nebraska, for value received $20, 000.00 * * ** *TWENTY THOUSAND
<br />AND NO /100 * * * **
<br />do hereby SELL and CONVEY unto AMERICAN FAMILY FINANCIAL SERVICES, INC., (mortgagee), of DOUGLAI%ty, and State
<br />of Nebraska, the following described premises situated in HALL County, and State of Nebraska, to -wit:
<br />LOTS ONE (1) AND TWO (2), IN ROBY SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA EXCEPT THE NORTH EIGHT HUNDRED (800) FEET OF LOT TWO (2).
<br />This mortgage is junior to:
<br />A FIRST MORTGAGE WITH EQUITABLE BUILDING AND LOAN
<br />This (is) Homestead Property.
<br />The intention being to convey hereby an absolute title in fee simple including all the rights of homestead and dower.
<br />SECURED DEBT: This mortgage secures repayment of the secured debt and the performance of the covenants and agreements contained
<br />in this mortgage and in any other document incorporated herein. Secured debt, as used in this mortgage, includes any amounts I owe you
<br />under this mortgage or under any instrument secured by this mortgage.
<br />The secured debt is evidenced by a revolving credit loan agreement dated MARCH 17, 2000 with initial annual interest
<br />rate of 9.54 °k,.
<br />The above obligation is due and payable on MARCH 18, 2010 if not paid earlier.
<br />Future Advances: All amounts owed under the above agreement are secured even though not all amounts may yet be advanced. Future
<br />advances under the agreement are contemplated and will be secured and will have priority to the same extent as if made on the date this
<br />mortgage is executed. The total unpaid balance secured by this mortgage at any one time shall not exceed a maximum principal amount of
<br />TWENTY THOUSAND & NO/ 100 * * * * ** dollars ($ 20, 000.00 * * * * * * ** ) plus interest, plus any disbursements made for the
<br />payment of taxes, special assessments, or insurance on the property, with interest on such disbursements.
<br />® Variable Rate: The interest rate on the obligation secured by this mortgage may vary according to the terms of that obligation.
<br />I j We shall pay all taxes, and any interest on, or maturing installments of principal, due on any prior mortgage and assessments levied upon
<br />said real estate and all other taxes, levies and assessments levied upon this mortgage or the note which this mortgage is given to secure, before
<br />the same becomes delinquent and keep the buildings of said premises insured, loss, if any, payable to such first mortgagees or this mortgagee,
<br />or both, then these presents be void, otherwise to be and remain in full force.
<br />IT IS FU RTH Eft AG REED ( 1) That if the said mortgagor shall fail to pay such taxes and such interest on, or maturing installments of
<br />principal, due on any prior mortgage and procure such insurance, then this mortgagee may pay such taxes and such interest on, or maturity
<br />installments of principal, due on such prior mortgage and procure such insurance; and the sum so advanced with interest shall be paid by said
<br />mortgagor, and this mortgage shall stand as security for the same. (2) That a failure to pay any of said money, either principal or interest on
<br />this or any other prior mortgage, when the same becomes due or a failure to comply with any of the foregoing agreements, shall cause the
<br />whole sum of money herein secured to become due and collectible at once at the option of the mortgagee.
<br />IT IS FURTHER AGREED That said mortgagee, pending foreclosure of this mortgage and after decree and pending stay thereon or
<br />appeal therefrom and pending sale of premises mortgaged, may pay such taxes and maturing interest or maturing installments of principal, on
<br />prior mortgages, procure such insurance and such sums shall be added to the amount due on decree and upon confirmation of sale by the
<br />court ordered taken out of proceeds of sale; or if redeemed during stay, appeal or sale, such amounts shall be collected the same as though it
<br />were a part of such decree.
<br />IT IS FU RTH ER AG R EED That in the event of default of any of the covenants or conditions of this instrument the rents of the premises
<br />are hereby assigned to the Mortgagee as security for the payment of the indebtedness secured by this agreement.
<br />IT IS FU RTH ER AG REED That this Mortgage Note shall be due and payable if the property subject to this mortgage is conveyed away or
<br />if title thereto shall be vested in any other.
<br />Signed this 13TH day of MARCH XX 2000
<br />In presence of
<br />.... .... . .........
<br />01 ........... (SEAL)
<br />Wt rNES J�N�.
<br />CYANAUC, n
<br />Y � >�i �r� `�`tSF.AL)
<br />wrr`'l ss KRI TY ANAUGH
<br />STATE OF ......... NEBRASKA ......... ............................... . County of ............. HALL... ............................... :
<br />Before me, a notary public qualified for said county, personally came JOHN D. CAVANAUGH AND KRISTY J. CAVANAUGH.
<br />HUSBAND AND WIFE, AS JOINT TENANTS WITH RIGHT OF SURVIVORSHIP
<br />known to me to be the identical person or persons who signed the foregoing instrument and acknowledged the execution thereof to be his,
<br />her or their voluntary act and deed.
<br />�' �Pe��61e6r�slk8 j ........ ..............................a cL... /...3
<br />My c • ipnrA�� . . :RO•WEYDDER /
<br />/Z 19 zote,?.l........
<br />.... ...... � � ^... ary Public.
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<br />I SECOND REAL ESTATE MORTGAGE I
<br />KNOW ALL YE BY THESE PRESENTS: THAT I or WE, JOHN D. CAVANAUGH AND KRISTY J. CAVANAUGH,
<br />HUSBAND AND WIFE, AS JOINT TENANTS WITH RIGHT OF SURVIVORSHIP
<br />of HALL County and State of Nebraska, for value received $20, 000.00 * * ** *TWENTY THOUSAND
<br />AND NO /100 * * * **
<br />do hereby SELL and CONVEY unto AMERICAN FAMILY FINANCIAL SERVICES, INC., (mortgagee), of DOUGLAI%ty, and State
<br />of Nebraska, the following described premises situated in HALL County, and State of Nebraska, to -wit:
<br />LOTS ONE (1) AND TWO (2), IN ROBY SUBDIVISION IN THE CITY OF GRAND ISLAND, HALL COUNTY,
<br />NEBRASKA EXCEPT THE NORTH EIGHT HUNDRED (800) FEET OF LOT TWO (2).
<br />This mortgage is junior to:
<br />A FIRST MORTGAGE WITH EQUITABLE BUILDING AND LOAN
<br />This (is) Homestead Property.
<br />The intention being to convey hereby an absolute title in fee simple including all the rights of homestead and dower.
<br />SECURED DEBT: This mortgage secures repayment of the secured debt and the performance of the covenants and agreements contained
<br />in this mortgage and in any other document incorporated herein. Secured debt, as used in this mortgage, includes any amounts I owe you
<br />under this mortgage or under any instrument secured by this mortgage.
<br />The secured debt is evidenced by a revolving credit loan agreement dated MARCH 17, 2000 with initial annual interest
<br />rate of 9.54 °k,.
<br />The above obligation is due and payable on MARCH 18, 2010 if not paid earlier.
<br />Future Advances: All amounts owed under the above agreement are secured even though not all amounts may yet be advanced. Future
<br />advances under the agreement are contemplated and will be secured and will have priority to the same extent as if made on the date this
<br />mortgage is executed. The total unpaid balance secured by this mortgage at any one time shall not exceed a maximum principal amount of
<br />TWENTY THOUSAND & NO/ 100 * * * * ** dollars ($ 20, 000.00 * * * * * * ** ) plus interest, plus any disbursements made for the
<br />payment of taxes, special assessments, or insurance on the property, with interest on such disbursements.
<br />® Variable Rate: The interest rate on the obligation secured by this mortgage may vary according to the terms of that obligation.
<br />I j We shall pay all taxes, and any interest on, or maturing installments of principal, due on any prior mortgage and assessments levied upon
<br />said real estate and all other taxes, levies and assessments levied upon this mortgage or the note which this mortgage is given to secure, before
<br />the same becomes delinquent and keep the buildings of said premises insured, loss, if any, payable to such first mortgagees or this mortgagee,
<br />or both, then these presents be void, otherwise to be and remain in full force.
<br />IT IS FU RTH Eft AG REED ( 1) That if the said mortgagor shall fail to pay such taxes and such interest on, or maturing installments of
<br />principal, due on any prior mortgage and procure such insurance, then this mortgagee may pay such taxes and such interest on, or maturity
<br />installments of principal, due on such prior mortgage and procure such insurance; and the sum so advanced with interest shall be paid by said
<br />mortgagor, and this mortgage shall stand as security for the same. (2) That a failure to pay any of said money, either principal or interest on
<br />this or any other prior mortgage, when the same becomes due or a failure to comply with any of the foregoing agreements, shall cause the
<br />whole sum of money herein secured to become due and collectible at once at the option of the mortgagee.
<br />IT IS FURTHER AGREED That said mortgagee, pending foreclosure of this mortgage and after decree and pending stay thereon or
<br />appeal therefrom and pending sale of premises mortgaged, may pay such taxes and maturing interest or maturing installments of principal, on
<br />prior mortgages, procure such insurance and such sums shall be added to the amount due on decree and upon confirmation of sale by the
<br />court ordered taken out of proceeds of sale; or if redeemed during stay, appeal or sale, such amounts shall be collected the same as though it
<br />were a part of such decree.
<br />IT IS FU RTH ER AG R EED That in the event of default of any of the covenants or conditions of this instrument the rents of the premises
<br />are hereby assigned to the Mortgagee as security for the payment of the indebtedness secured by this agreement.
<br />IT IS FU RTH ER AG REED That this Mortgage Note shall be due and payable if the property subject to this mortgage is conveyed away or
<br />if title thereto shall be vested in any other.
<br />Signed this 13TH day of MARCH XX 2000
<br />In presence of
<br />.... .... . .........
<br />01 ........... (SEAL)
<br />Wt rNES J�N�.
<br />CYANAUC, n
<br />Y � >�i �r� `�`tSF.AL)
<br />wrr`'l ss KRI TY ANAUGH
<br />STATE OF ......... NEBRASKA ......... ............................... . County of ............. HALL... ............................... :
<br />Before me, a notary public qualified for said county, personally came JOHN D. CAVANAUGH AND KRISTY J. CAVANAUGH.
<br />HUSBAND AND WIFE, AS JOINT TENANTS WITH RIGHT OF SURVIVORSHIP
<br />known to me to be the identical person or persons who signed the foregoing instrument and acknowledged the execution thereof to be his,
<br />her or their voluntary act and deed.
<br />�' �Pe��61e6r�slk8 j ........ ..............................a cL... /...3
<br />My c • ipnrA�� . . :RO•WEYDDER /
<br />/Z 19 zote,?.l........
<br />.... ...... � � ^... ary Public.
<br />s
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