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<br /> � ` RE.REt�D�u
<br /> � ������ 5
<br /> r' � �0�"'104�0'� �
<br /> �i � � .r.�
<br /> ' RANDY L. KNOfiT, a single person, herein cal3ed-the m�rtgagor '
<br /> whetb►3r vne or mare, in cvn�ideration of T'r+iBNTY-FOUR TH�U�h'G SEVEN HUNDRED
<br /> F'OR�*L��JtZ DOLLARS AND NO/100 (�24,744.00) receivea fram mortgagee, daes
<br /> : � �tortgage ta LYLL E. KNOTT and ARLENE M. I�10TT, Husband and Wife: . .
<br /> � .Lut Three (3), Block Two (2}, Knott Sj.ibdivision, City of Grand
<br /> - �.I'sJ.and, Hall County, Nebraska. `��; :
<br /> , . And the ntortgagor d�� �ereby covenant���L�h �h$ �rtgac� and with . � � -
<br /> .:';; . �. . martgag?s's heirs an8 assigns tLT.�� ^�nrtgagor is l�v-Y-i:lly ��ed of said � �
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<br /> � prem�c�, that they are free fr�:�a�tcumbrance, that._mortgag�r _has q�.rod right � ,_
<br /> , • arid Z,�11 authority to convsy L1i� �same, and that n�r;:tgagor warrant� �nd will �,� .
<br /> `c�a.fe�+i. '�,:�te tit�e to said premisc:� -�gainst the law�3.:�laims of aZ� �sons -
<br /> . � � �. .�izom�a��Yer. . _ .
<br /> ,.. �. : ' This mortgage is given to secure the paycusnt of the pramissory
<br /> note c���`�is date made by mortgagar for $24,744.00 payable in even
<br /> . � instalj:..�-.:ents.
<br /> ; Mortgaqor sHaJ.Z pay �,�1 taxes and assessm@nts levied upoa said
<br /> � real p�a�erty and all afi.l�� �-,:a�s levied �� this taortgage crr the note which
<br /> : this mcf�-�age is qiven �� r�ECUr� bsfore t..��. same become d�F�qusnt and sha17� � �
<br /> � maintai� fire, windstorm ar.d e:�'c�,;.v3ed coveraqe insurance w�:iy a mortgage �
<br /> � clause on the build�ngs on saic} �S�remises in the sum of $25,000.00. If ; �' �
<br /> ' mortgagqr fails to pay such taxes and assessments or procure s�iah insuranae, .� �
<br /> mortgaqi�� �nay pay such taxes -and purchase such insurance a.�td the amount so -
<br /> i � � advance�d. with interest al nirie peraent (9�) per annum shall.be secured by this ���:-
<br />, t mortgage. -
<br /> ; � �-
<br /> ' in case of default in the payment of the principal sum or any � � -
<br /> ; � installment thereof or of any interest thereon when the saise shall become due -
<br /> or in ��se of the non-payirpnt of any taxes or assessments �r of the failure to
<br /> . maintaiu�: �,nsurance as h��f��n provided, mortgagee may at the�optian of • �
<br /> • mortgag2�, without noti��� st an.N ti.me during the cantinuance of such defaul�� °_
<br /> : or breach, d�cla,�-��.the �:I�.�e d�l�t� 4ecured by this uz�r�gage to be ii►aRediate�y `�
<br /> ' due and gayabl� �r,� ma�,n ;:���eclo����this n,ortgage. , �
<br /> � In the eve�:.� ��: default in th� �erforir.�,.��e of �::y of the terms and
<br /> conditions of this ma�r�cr�:ge or the note secured b� �t, the mortgage shall be
<br /> � �ntftled to im��uiate ����sseasion of the property a:��a�� described and all the .�
<br /> •�ents, revenue �ry� inccs�D derived�therefrom during" 's�:ch time as the mortga�ge `"�
<br /> ' indebte�aess re�r,,�ins u;:.���d shall be applied by the mortge�•pe to the payment ?��
<br /> ` of the no.e and a11 ott^�� aums secured hercby aftesc deduet.i.rsZ of any necessax�y � `�`"
<br /> ` costs a� collec.t;on.
<br /> Dd{.��^:�: February �/ , 1990. '�.
<br /> � � �� 1������ �
<br /> ' Randy L. not�
<br /> � ' STAmE OF NEBRASKA )
<br /> ) ss.
<br /> CdUI3TY OF HALL )
<br /> The foregoing ins�rument was acknowledgec� before me tnis � day of -� - -- -
<br /> February, 1990 by Randg L. Knatt, a single person. � �
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