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SECOND REAL ESTATE MORTGAGE
<br />-10653i
<br />KNOW ALL YE BY THESE PRESENTS: THAT 1 or WE, Hagdalens H. Ochaner, a single person
<br />Of Hall County and State of Nebraska, fur value received $3, 500.00 * ** *Three thousand
<br />fiv h d d llar jnd no /100 * * * * * * * * **
<br />do he SE�L an C��VV EY unto A@h1ERICAN FAMILY FINANCIAL SERVICES. INC.. (mortgagee), of County, and State
<br />of Nebraska, the following described premises situated in Hall County, and State of Nebraska, to-wit:
<br />The Southerly Fifty —Four Feet (S 50) of Lot Five (5) in Block Thirty Six
<br />(36), in Russel Wheeler's Addition to the City of Grand Island, hall County.
<br />This morwrifftr to:
<br />A fil:aL uurj:Ggmge with. )~I A dated April 15p 1985 and filed April 15, 1385
<br />in the Register of Deeds Office as Domt zeal No.. 85- 0018126
<br />This (is) (RAMomestatd Property.
<br />The intention being to convey hereby an absolute title in fee simple uv rul icrg all the rights of homestead and dower.
<br />SECUREDDEBT: This mortgage secures repayment aftC aesecuredcleb: tand che performance oft hece ,%cnantsandagceementseoneained
<br />in this mortgage and in any other document inwrpomtetl !herein. Secured debt, ac usedi itt this snonsage. includes arty amounts i awe you
<br />under tltiv mortgage os under any instrument secumd bti Phis mortgage.
<br />The secutesd debt is evidenced by a revolvirig credit loan agreemwnt dated November 6, 1990 , with initial annual interest
<br />rate of 13. Wir.
<br />The above obligation is due and payable on November 6, 2000 if not paid earlier.
<br />Future Advances: All amounts owed under the above agreement are secured even though not all amounts may yet be advanced. Future
<br />advances under the agreement are contemplated and will be secured and will have priority to the same extent as if made on the date this
<br />mortgage is executed. The total unpaid balance secured by this mortga a at an one time shall not exceed a maximum principal amount of
<br />Three thousand five hundred dollars (S39500.011 *�► ** * * * *I$Ius interest, plus any disbursements made for the
<br />payment of taxes, special assessments, or insurance on the property, with interest on such disbursements.
<br />M 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 orthe 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 />IT iS FURTHER AGREED (1) That if the said mongagorshall fail to pay such tares 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 sumso advanced with interest shall be paidby said
<br />mortstagor. and this mortgage shall stand as security for the same. t2) 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, shatt cause the
<br />whole sum of money herein secured to become due and collectible at once at the option of the mortgagee.
<br />IT 19 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 sate. or if redeemed during stay, appeal or sale, such amounts shall be collectedthe same as though it
<br />were a part of such decree.
<br />IT IS FURTHER AGREED That in the event of default of anv of the covenants or conditions of this instrument the renisof 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 propeny subject to this mortgage isconveyed away or
<br />if title thereto shall be vested in any other.
<br />Signed this 31st day of October i9 90
<br />In presence of
<br />w1TNESS
<br />................................ ...............................
<br />Wi't'L`ESS
<br />��. "L�>"�!° ✓.. (SEAL)
<br />.................. ............................... (SEAL)
<br />STATEOF ........... Nebraska ....... ............................... . County of ........ .... Hall ................ ..... - ............
<br />Before me, a notary public qualified for said county. personally came Magdalene M. ochsner, a single person
<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.
<br />co i i. AOMiEflIiER... ,n .................................... . `%...... ....
<br />W=40 S i L a. l
<br />b Notary Public.
<br />....... ...... ..............
<br />..
<br />Mlihttta fit► fltalr fiZ t9g3 .
<br />STATE OF .............................. ............................... Entered on numerical index and filed for record
<br />County ..................................... ............................... ss
<br />in the register of Deeds Office of said County the
<br />.................. day of .......... ............................... 19 ........... at ...- .... ..... ............... oclock and ........_. ..................... minutes ................ .V,l'.,
<br />i
<br />andrecorded in Book ......... ............................... of . ... .. ................. .. ......... ...:: at page ............ ............................... _
<br />................. .. a.:................................................. ............................... - ........................... ............................... Aeg a 1?ee is .
<br />By........................ ......... I7evo?
<br />:THIS I%ffRUMENT DRAFii'ED BY-
<br />FS-02661 (NE) Rev. 7,187
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