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<br /> SECUNll R�AL CSTATC ;�IORTGAG� 89— ,1(�s�Q e�
<br /> KNUW A1.1.1'E Hl'TN�SE NR�S�Tv'I'y: I'NA'f 1 0�WE, Donald Kinney and Delores R. Kinney� husband
<br /> and wife ae �oint tenenta
<br /> af Hall Cuua�y aod State at�Icbruska,for t•alue recei�•cd S25�000.00�****'�1�enty f ive
<br /> t�p sand do�.lars and no�I00�*��+���**
<br /> do hercby. Ly.and CONVEY uMa Ah�ER CAN FAMIIY �1NANCIAL SFRVICl:S,INC..(mangagce),oAAUgl��nry,a�d Statc
<br /> oE l�ebrxska,the fo!lawin�de.scribed premises sieuated i� Ha 11 f�unty,and��ate�f Net+�aska,to-wic
<br /> See Attached , �
<br /> This marigage is junior to:
<br /> : :i:�� mortgage with Equitable Building and Loan Associatian in the amount
<br /> of �14,400 and dated 1Q-15-75. Recorded 10-16-75 in volume 171 at page 19G
<br /> �la�c��Ho�estad P�ope�ly.
<br /> Tl;e intention k+�eiRg to cnnvey hereby an absolute title in fee simplo includinR all the riRhts of hamestead a�d dawer. �
<br /> SECtiRED DEST: i'his martgage securcsrepay�cuent of the secured debt and the performance of thecovenan�c and agraments contained
<br /> in this ma�tgage and in any other docume�t incorporated herein.Sccured deht,�s used in this martgage,includes any amauntc 1 awe you
<br /> under this mongage or undcr any instn,ment secured b�this mortgage.
<br /> The secured debt is e�•idenced by a re�ulving credit I.�an:�greement dated November 2, �I989 ,w•ith initial annual interest
<br /> rate af 12.SOrlo.
<br /> The abave abligation is due and payabfe on hoVember 2. 1999 ,if not paid earlier.
<br /> Future Advsntes: At!amounls owrd under the aboe•e agreement a�e secured e�en though not all amounts may yet be advanced.Futurc
<br /> � advances uodsr the agreemenl are contemplated and wiQ be secured and will ha�e priarity ta the�ame exteni as if made an the date this
<br /> mongage is extcuted.The total unpaid 3+alance secured by this moctgage at any one time shati not exaed a maximum principal amount of
<br /> Twenty f ive thousand and no/ldA���ars 1525,OO.a+00******* 1 P1us ineerest,plus 3ny disbursemems made for the
<br /> paymenf o1 taxes,spec�al assessmenis,or msurance on the pmperty,with interest nn such d��Aursement�.
<br /> �Variabk Rate: The inttrest rate on the obligation secured b}•thi�mongage may�•ary according ta the:e�ms of that obligation. _
<br /> � 1:We shall pay all taxes,and any interect on,or matur+ng installments of prin�-ipal,due on an��priar mortgagc and assessmenu levied upon _
<br /> said real estate and all othe�taxrs,le�ies and asxessments Icvied upon thi�mongage or the nate�vhich this mangage is given ta sccure,befon � .
<br /> � the same becomes deli�quent and keep the bu�ldinga of sai�prcmise�insured,loss,if any,pa�abte�o such first mangagces or�his mongagee, � -
<br /> or 6oth,then these presents be void,otherwise to be and rem:�in in futl force.
<br /> 1T IS FURTHER AGli.E�D t I)That il the said mortRa�or shall fail to pay�uc3t taxes and such interesc un,or maturing installments of
<br /> principal,due on any pri�r mortgage and procure sucft insurancc,then this mortgagee may pay such taxes and such interest on,or maturity .
<br /> installmtms of principal,due on such prior mortgage end pracurr.uch insurance:and the sum so advanced with interest shall be paid by said
<br /> mongagor,and this mohgage shall.rtand;�s�ecurity for the same.�2)That a failurv to pay any of said maney,either principal or interest on °
<br /> this or any other prior mongage,when the same becomes due or a failure to comply with any nf the foregoing agreements,shall cause tha�
<br /> whole sum of maaey htrcin secured to f+ecome due and collectible at ance a►thc uptiun nf the mortgagee.
<br /> IT IS FURTHER AGREEI)That said mo»gagee,pending foreclosure of this mongage and after decree and pending stay thetean or °
<br /> appeal there(rom and pending sale of premises mortgaged,may pay such taxes and maturins interest or maturing instaltments of principal,on
<br /> prior mortgages,procure such in�uran�and such sum�shaU he added to the amuunt due on d�cree and upon confirmation of sale by the
<br /> coort orderad taken out of proceeds uf sale:ar if redeemed du�ing stay,appeal or�ale,such amaunts shall be collected the same as though it
<br /> were a part of such decree.
<br /> IT IS FURTNER AGRE ED That in 1he even�of de4'ault of am of the co��enants ar conditions of this instr�rment the rents of the promists
<br /> are hereby assigned to the Mongagee as security for the paymcnt of the indebtedness tiecured by this agreement.
<br /> !T 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 thertto shall be vested in any other. , _
<br /> Signed this 27th day af Octoher . l989 i'T-`
<br /> In presence of .
<br /> ........ . ..... �SE� ) _
<br /> ................................... .................. . �� . . . .
<br /> �,
<br /> .
<br /> . . L
<br /> WITNESS Donald � �nney
<br /> ............................................................... .. . .. ..�� �........... , ' -
<br /> ,� ..
<br /> k`-
<br /> . SEAL
<br /> WITtiESS Belores R. Kinney '
<br /> sr�TE oF .....N�bu.a�k�a..................................... . . c;a�,nc�• �f . ... . ..H.a].�........... ... _. ... ... . :
<br /> Before rne,a not�ry publlc quatified for said count�•.personaliy came Donald Kinney and Delores R. KfAIIey,
<br /> � husband a8n wife as joint tenaats
<br /> known to me to be the ictentical person ar persons a�ho siRned the ioregoing instrument and acknowledged the execution thereof to be his,
<br /> her or their voluntary act and deed.
<br /> Witness my hand and ndarial sea)on ................. ...�y.Ci!/.�!�2... ... /.Z.7...... , 19 .. ...... .
<br /> My commissiunexpires: . �6fERRl.NOIAAY-.SqN�Nl�f1l�.^� � . ..
<br /> . ...�............. .....,...... Notary Public. ;-_-_—-
<br /> CHAR�ES l PEP,i:INS '
<br /> ..__. ._. MY Co+nm FaD�Ott 7 1_99 —-- --... -------- ----
<br /> STATE UF .
<br /> �� Entered on numerical index �nd 81ed for record
<br /> ('aunty �n thr ReRister of ikeds Uffim of s�id County the
<br /> Lday of . 19 . bt n'ctix�k and minutes . �1,
<br /> and rrc�urded in f3aok ��f at page ti
<br /> NPF, Af I�PPdS
<br /> i '
<br /> RL l7epult �. o
<br /> TNtS I��Tltl'!►ft:�r u��E-rF:n eY� . -. - .---.._ . .__ . _ _
<br /> 1` i�;ia,I ISf, Rr. ' +.7 �
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