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<br />-^ SECOND REAL ESTATE moirrGAGE — 106
<br />KNOW ALL YE BY THESE PRESENTS: THAT! �%T WE, James L. Kawata and Pamela J. Kawata, husband
<br />and wifs as joint tenants
<br />of Hall.! County and State of Nebraska, for value received $6,000.00 * * ** *Six thousand
<br />do hereby SiL and CONYEY Into AMERICAN unto AMERICAN FAMILY FINANCIAL SERVICES, INC.. (mortsagee),Q{►uglagounty, and State
<br />of Nebraska, the followitts described premises situated in Hall County, and State of Nebraska, to-wit.
<br />Lot Twelve (12), Block Six (6), in Parkhill Second Subdivision, an Addition
<br />to the City of Grand island, Hall County, Nebraska
<br />This mortsase is Junior to:
<br />A first mortgage with CPS Mortgage Corp. and L1142 -1 1 -12 -88 as
<br />Document No. 88- 100139
<br />Uh (is) 004 Hommusi Ptolemy.
<br />The intention beins to convey hereby an absolute title in fee simple including all the rights of hommtimid and dower.
<br />SECUREDDEBT. This martgagesecures repayment of the secured debt and the performanceQf4hacovenants and agreements contained
<br />in this mortgage and in any other document incorporated herein. Secured debt, as used in this mortgage. includes any amounts t 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 October 26, 1990 , with initial annual interest
<br />rate of 13.00%.
<br />The above obligation is due and payable on October 26, 2000 if not paid earlier.
<br />Fatttre Atbaaeear All amounts owed under the above agreement are secured even though not all amounts may yet be advai-m :7l, Future
<br />advances under the agreement are contemplated and will be secured and will have priority to the same extent as & made an the date this
<br />mortgage is executed.. The total unpaid balance secured by this mortgage at an cone tints shall not exceed a maximum principal amount of
<br />Six thousand and no/ 100** * * * ** dollars ($6, 000.00 * * * ** * * *'�"'ll plus interest, plus any disbursements made for the
<br />paym ena of taxes. special assessments, or insurance on the property, with interest on such disbursements.
<br />M Yadable Rate: The interest rate on the obligation secured by this mortgage may vary according to the terms of that obligatium
<br />1 / We shall pay all taxes, and any interest on, or maturing installments of principal. due on any prior mortgage and assessmenns levif.d upon
<br />said real estate and alt othertaxes, levies and assessments levied upon this mortgageor the note which this mortgW is liven to secure, before
<br />the same becomesdelinquen( and keepthe buildings of said premises insured, loss. if any, payable to such first mailpti :es or this mortgagee,
<br />or both, then time presents be void, otherwise to bcaWri remain in full force.
<br />IT 115, F URTHER AGREED (1) That if the said mortgagor shall fail to pay such taxes and such interest on, or maturing installments of
<br />princ)#aL due on any prior mortgage and procure such insurance. then this mortgagee may pay such taxes and such interest on, or maturity
<br />instalk=ts of principal, due on such prior mortgage and procure such insurance; and the sum so advanced with interest shall be paid by said
<br />mortaavor_ and this mortrtape shall stand as security for the same. 42) That a failure to pay any of said money, either principal or interest on
<br />this or any other pesos mortgage. when the same becomes due or a failure to comj ly with any of the foregoing agreements, shall cause the
<br />whole sum of mono:. herein secured to become due and collectible at once at the., 13171 rnn of the mortgagee.
<br />IT IS FURTHER AGREED That said mortgagee, pending foreclosure of thig amurtgage and after decree and pending stay thereon or
<br />appeal thereft om and pending sale of premises mortgaged, may pay such taxes and maturing intere!m or maturing installments of pn..7d pal. on
<br />prior mortgages, procure such insurance and such sums shall be added to the amount due on dR :nae and upon confirmation of w1r: Gy the
<br />court ordered taken out of proceeds of sale; or if redeemed during stay. appeal or salt. such amorircu shall be Lode+ wd the same asthough it
<br />were a part of such decree.
<br />iT iS FURTHER AGREED That in the event of default of any of the covenants urvonditions of this instruraenl. be rentsof the premises
<br />are hereby assigned to the Mortgagee as security for the payment of the indebtedttcss secured by this agreenaeW.
<br />tT fMFURTHER AGREED That this Mortgage Note shall bedue and payable if the property subject to this mozw eisconcrq�awayor
<br />if title. dirrreto shall be vested in any other.
<br />Sigcaithis 22tad day of October .19 90
<br />In presence of
<br />...... (SEAL)
<br />witir4- rss.......................................................
<br />Lip EALI
<br />WITNESS ....................... ............................... P a J. Kawata
<br />STS 1:L OF Nebraska ...... ......................... :. :... , County of .. Hall
<br />........................ ......................... .
<br />SLfore me, a notary public qualified for said county, personally came James L. Katawa and Pawla J. Katawa,
<br />husband and wife as joint tenants
<br />known tome to tr. (he identical person or persani- who signed the foregoing instrument and acknowledged, tho.cmamtion thereof to be his,
<br />her or their volumtnry act and deed. I
<br />SI,Z .Z9 rf............ . ..!- Notary Public.
<br />Mr fnmm. Frp Mrr 12.1993
<br />t STATE OF .......................
<br />Entered on numerical index and filed for record
<br />in the Register of Deeds Office of said County the
<br />....... :.......... day of ...................... _ .. 19 .... . at . .... ........ ........ .- o'clock and ............................... minutes ............... M.
<br />and recorded in Back .................... of ... ........ ........ ........ at page .......... -. -.- .......... .
<br />...... _.... Reg. of Deeds
<br />By qty
<br />TM 1 %5MUMF- T D1)AFTED BY:
<br />FS 02661 irE) Rer. 7 87
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