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I SECOND REAL ESTATE MORTGAGE I
<br />KNOW ALL YE BY THESE PRESENTS: THAT I or WE, RICHARD & JANICE FRAUEN, HUSBAND AND WIFE AS
<br />JOINT TENANTS.
<br />of AND AL� County and State of Nebraska, for value received ****$20,000.00 TWENTY THOUSAND
<br />* * * **
<br />do hereby SELL. and CONVEY unto AMERICAN FAMILY FINANCIAL SERVICES, INC., (mortgagee), of County, and State
<br />of Nebraska, the following described premises situated in HALL County, and State of Nebraska, to -wit:
<br />THE WESTERLY TWENTY —SIX FEET (W26') OF LOT THREE (3), AND THE EASTERLY FORTY FEET
<br />(E40') OF LOT FOUR (4), BLOCK FIFTY —TWO (52), CHARLES WASMER'S THIRD ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />This mortgage is junior to:
<br />THIS IS A FIRST MORTGAGE
<br />This (is)M0a) 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 sccured by this mortgage.
<br />The secured debt is evidenced by a revolving credit loan agreement dated MAY 19, 2000 with initial annual interest
<br />rate of 9.79 %,-.
<br />The above obligation is due and payable on MAY 16, 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. '['he total unpaid balance secured by this mortgage at any one time shall not exceed a maximum principal amount of
<br />** *TWENTY THOUSAND AND N01100 dollars (S 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/ 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 />11' IS FURTHER AGREED (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 1S 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 FURTHER AGREED 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 FURTHER AGREED 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 15TH day of MAY IX2000
<br />In presence of
<br />................................ ...............................
<br />WITNESS
<br />................................ ...............................
<br />WIINESS
<br />...rANICE .............................. (SEAL)
<br />RAU�;1�
<br />Im......°....... (SEAL)
<br />AUEN
<br />STATE OF ....... NEBRASKA ........... ............................... . County of ... HAL L........ ...............................
<br />Before me, a notary public qualified for said county, personally came RICHARD & JANICE FRAUEN, HUSBAND AND WIFE,
<br />AS JOINT TENANTS
<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. 4/1 Zoeo_v
<br />n ......... .
<br />r<..� r1
<br />GE ERAI NOTARY•State of Nebraska
<br />M rn issintOENNI'81. ROWEDDER.... ...... S..I. Zra °.. /........ ............ ....... .. .................. otary Public.
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<br />I SECOND REAL ESTATE MORTGAGE I
<br />KNOW ALL YE BY THESE PRESENTS: THAT I or WE, RICHARD & JANICE FRAUEN, HUSBAND AND WIFE AS
<br />JOINT TENANTS.
<br />of AND AL� County and State of Nebraska, for value received ****$20,000.00 TWENTY THOUSAND
<br />* * * **
<br />do hereby SELL. and CONVEY unto AMERICAN FAMILY FINANCIAL SERVICES, INC., (mortgagee), of County, and State
<br />of Nebraska, the following described premises situated in HALL County, and State of Nebraska, to -wit:
<br />THE WESTERLY TWENTY —SIX FEET (W26') OF LOT THREE (3), AND THE EASTERLY FORTY FEET
<br />(E40') OF LOT FOUR (4), BLOCK FIFTY —TWO (52), CHARLES WASMER'S THIRD ADDITION TO
<br />THE CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA
<br />This mortgage is junior to:
<br />THIS IS A FIRST MORTGAGE
<br />This (is)M0a) 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 sccured by this mortgage.
<br />The secured debt is evidenced by a revolving credit loan agreement dated MAY 19, 2000 with initial annual interest
<br />rate of 9.79 %,-.
<br />The above obligation is due and payable on MAY 16, 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. '['he total unpaid balance secured by this mortgage at any one time shall not exceed a maximum principal amount of
<br />** *TWENTY THOUSAND AND N01100 dollars (S 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/ 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 />11' IS FURTHER AGREED (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 1S 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 FURTHER AGREED 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 FURTHER AGREED 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 15TH day of MAY IX2000
<br />In presence of
<br />................................ ...............................
<br />WITNESS
<br />................................ ...............................
<br />WIINESS
<br />...rANICE .............................. (SEAL)
<br />RAU�;1�
<br />Im......°....... (SEAL)
<br />AUEN
<br />STATE OF ....... NEBRASKA ........... ............................... . County of ... HAL L........ ...............................
<br />Before me, a notary public qualified for said county, personally came RICHARD & JANICE FRAUEN, HUSBAND AND WIFE,
<br />AS JOINT TENANTS
<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. 4/1 Zoeo_v
<br />n ......... .
<br />r<..� r1
<br />GE ERAI NOTARY•State of Nebraska
<br />M rn issintOENNI'81. ROWEDDER.... ...... S..I. Zra °.. /........ ............ ....... .. .................. otary Public.
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