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<br /> REINBY L. KNO2'T, a single person, herefn called the mdrtgagor
<br /> ' �hether one or mora, in consideration of �tEN�Y-FOUR THOUSAND SEVEN HUNDREv
<br /> � � : FORTY-FOUR DOLLAFtS ANU NO�100 4�24,744.00) received from cnortgagee, daes
<br /> mor�gage to LYL� E.. KNt}� and �lRLBDiE M. KbIOTT, Husband.anc3 Wife:
<br /> I,ot Three {3), 82ack 7'wo (2), Knott S�bdivision, City of Grand
<br /> Island, Ha1Z County, Nebraska,
<br /> � Rn@ the mortgagar daes hereby covenant with the mo�ctgagee and with
<br /> ' mostgagee`s"heirs an.� assir�� that �ortgagor is lawfully seised of said �
<br /> � : premises, that they are free �xom encumbrance, that mortgagor has good right �
<br /> � atc3 lawfu� authority to convey the same, and that mortgaqor warrants attd will
<br /> defend the title to said prem3.ses against the lawful claims of all gersons
<br /> � �ahomsoever. � �
<br /> , This mortgaqe i� gfven ta secure the payment of the pr�missory
<br /> ; note af this date made by morfiqagor for $24,744.p0 payable in even
<br /> installments. , .
<br /> Mortgagor shaZl pay alI ta�ces and assessments levied upon s�iid
<br />� ! real property and all other taxes levied.on this mortgage or the note which
<br /> . this r.iortgag� is ginen to seauxe before the same becone delinquent and shall . ,
<br /> maintain fire, windstorm and extended coverage insurance with a ar�rtgage
<br /> clause on the buil3ings on said premises i,n the swm of $25,OQ0.00. If �
<br /> mortgagor fails to pay such taxes and assessments or procure such insurance,
<br /> mortgagee may pay such taxes and purchase such insurance and �he amount so
<br /> advanced saith interest at nine percent (9�s) per annum sha11 be secured by this �.�....�
<br /> ; mortgage. --
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<br /> � In case of defaul�-in the payment of the principal eum or any
<br /> : ins�._a�l].ment thereof or of any� interost therean when tYte same sha11 become dve =-
<br /> or in case of the nor�paymer�� of any taxes ar assesaments or of the failure to
<br /> . maintain ins�ance as hereia provided, mortgagee may at the option of ,
<br /> mortqagee, c�i�:hout notice, at any time during the continuance of such default -
<br /> _� er �reach, �eclare the whole debt securod by this mortgage to be i*�nediatply
<br /> du� c-..�� payable and may foreclose this r.s�rtgage.
<br /> • Ia the event of default in the perfo�cmance of any of the terms and
<br /> condikions of this mortgage c;� �he note securecl �y it, the mnrtgage shal.l .ba
<br /> entitled to ftr�nediate possess�.�n of the propert�r above descra.beal and all the
<br /> � rents, revenue and income aerived therefrom dur3ng such t.i.me as the mortgage
<br /> � indebtedness remaina unpaid shall be agplied by the mortgagee to the payme�� :�
<br /> of the note and all other sum� secured hereby after cleduction of any necessary
<br /> ' costs of collection. �.��-�
<br /> �',`�`
<br /> Dated: February W.� , 1990.
<br /> � � � 1�����
<br /> Randy L. r.o_t �
<br /> S�.c�i«�OF NEBIiASKA )
<br /> ) SS. `
<br /> COIi`i+TY OF HALL )
<br />� 1'he foregofng instrument was acknowledged before me this �/� day of ,-- _� --
<br />�� ' February, 1990 by RanBy L. Knott, a single person. �
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