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<br />SECOND REAL ESTATE NORTGAGE
<br />KNOW ALL %IEN BY THESE PRESENTS. THAT I or WE, Donald D. Schritt and Bonnie J. Schritt
<br />Of.. Hall County and State of Nebraska, inconsideration of the sum of $12, 013.67 * ** *Twelve
<br />thousand thirteett.:dollars and 67/100 * * * * * * **
<br />DOLLARS in hand paid, do hereby SELI,and CONVFY unto AMERICAN FAMILY FINANCIAL SERVICES, INC., (mortgagee). of
<br />Douglas County. and State of Nabr iska, the following described premises situated in Hall County, and State of
<br />Nebraska. to -wit:
<br />Lots 4 and 5. BlaiA 15 in Evan's Additioq to the City of Grand Island, Hall
<br />County, Nebraska.
<br />This mortgage is junior to:
<br />A first mortgage,'with Equitable Building and Loan Asi3osiation of Grand Island
<br />recd March 17, 077 in the amount of $18,000.00. Insfteument #77- 001345
<br />This (is) (liIi6a homestead Ptoo"; '
<br />The interai n. being to convey hereby an absolute title in fee simple including all the rights '-c Eornestead and dower.
<br />TO ";f,�I ANJD TO HOLD t(ie premises above described, with all the appurtenances thereunto belonging unto the said mortgagee or
<br />mvelg a • aztd to his, hey or their heirs and assigns, forever, provided always, axA these presents are upon the express condition that if the
<br />j said r,. ziig4&d or mortgWATit. his;;,her or their heirs, executors, administrators .-zr:cssigns shall-r v or cause to be paid to the said morigagge
<br />or mort cesand to his. : hem 4ur,their, heirs, executors, administmNT. ;s ass;rs;.'is;esum of $Tl2,013.67 * ** *Twelve thousand
<br />thi teeg ddil'arsi: and 67/100 * * * * * * * **
<br />Dollars, paya�la as follnw:n,tn•wih
<br />Sixty (60)i ibstallments at $270.34 eac' '.4 %,. nstalltent
<br />with interest thereon at 12.4er cent per annum according to the tenor and effect of the ,one promissory note w:th.Lrztem.Pst
<br />insutalm eats; .fr ncipal,idue on ogtt ptujrt.n gtgage and assess t :'pv►ed upon aid e� and 1�itiaand all other taxestlevim and- arse meats
<br />levied upon tfi2 mortgage nr the -note *faits this mor±gi:,r;-e ).s etie:r to secure, before the samee becomes delinquent and keep the buil�gs
<br />of said premises insured for the sum $ x0,000.0 ** loss, if any, 6 "c.r_ble to such first mortgagees or this mortgagee, or both,
<br />then these presents be void. otherwise to be and rerharn in full force.
<br />IT 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 morti ;age and-procure such insurance, then this mortgagee'may pay such taxes and such interest on, or maturity
<br />installments of principal. due owsuch pi'i: 'Ir mortgage and procure such insurance; and the sum so advanced with interest all 2.0 per-
<br />cent shall be paid by said nu+rtjlug9r, and this mortgage shall stand as security for the same. t21 That it fatb+re• to pay- any of said money,
<br />a ' either principal or interest on t1th; or any n;'4ea.prirr mortgage, when the same beviinies due or a failure to comply with any of the foregoing
<br />agreements, shall cause the whole sum of v +ray btrnhn secured to heeome due and enllectible at once at the option of the mortgagee.
<br />IT 1S FL'RTrE1»Bt AGREED That sai& ��;;;�trgagee. pending foreclosure of this niortgagt and after decree and pendsr+g stay thereon or
<br />appeal therefrom and pending fate of iir rok� es mortgaged, may pay such taxes and maturing, r"terest or maturing inste'Imt;;,s of principal,
<br />on prior Mdgage-s, procure± suuh insurmw..,r and such sums shall he added to the amount d'.r !ere decree and upon eon5ru- 1etion of sale by
<br />r , the court ordered taken oul ofi proceed, of sate, or if redeemed during stay, or saleF- n,.eh amounts shall be collmled the same as
<br />though it were a part of such decree.
<br />IT IS FURTHER AGR FEDaT hat in the event of default of any of thcco%cna+-n,•t.;,r cond iti+-ns of this instrument the rents cfsh¢ isnxi ^.t aac
<br />are hereby assigned to lice Mo+tgagee as security for the payment +af the indchted'ness sclu roi by this agreement.
<br />IT IS FURTHER AGREE That this 4tprtgage Note shat) he dmi.ind payable if the prcpzrt subject to this mortgage is vn,-'.eyed away
<br />or if title thereto shall he vt ited in at+,t. (-,flir'r.
<br />Signed this 7th day of February
<br />In presence d-
<br />(SEAL)
<br />/o
<br />....
<br />w'ITVE :SS Don ld • ;ate r
<br />` n� ire. 1...�..' %%✓ ........ (S£AI )
<br />Bonnie J. Schritt`
<br />STATE OF Nebraska...... .. ...... :.... County of , -Nall ..... ._ ........ . .....................
<br />Before me, a notary public: qualified for said county, personally+ ante Donald D. Schritt and Bonnie 3. Schritt
<br />k mr tt+ be the ide altal erson or persons who signed the foregoin instrument and acknowledged the execution thereof to be his,
<br />tar - .. ;p0 !�
<br />OKI
<br />My comm►tsrts,rxpua� S � fy .�. ... ,t?i« .iL. ` .` "cets:•C4!y !latary Public.
<br />STATE OF
<br />L ta.utrt}
<br />(lay a#
<br />and recnrdrd its H tA:
<br />r�s-rrt��Hr:�7�nrt�f�r>f:nAr-
<br />. r4
<br />of
<br />Entered on numerical index and filnf for record
<br />in the Register of Deeds Offire of said l_ounty the
<br />at . o'dock avid minutes �1.
<br />at page
<br />IIeg ref Peeds
<br />FTs r)cput%
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