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<br />Huffman and Felton i ftf, mattes. Its. 5841
<br />READ, PROPER'T'Y' MORTGAGE
<br />Open•erd, to secure present; and future obligations and advanoss
<br />S c a--f-¢- 14, kca /°y
<br />herein called the "Mortgagor"' whether on or more, in consideration of the advance of the principal sum recitod in glue
<br />note hereinafter descriW and in consideration of any future advances made by Mortgagee to Mortgagor as
<br />hereinafter provided, hereby mortgages and conveys to
<br />tJ o h h L' °e 1 y' a �, /ti n r t?) � i. l
<br />herein called the "Mortgagee ", the following described real estate together with all the right, title and interest
<br />of the Mortgagor therein or hereafter acquired including all buildings and improvements now on orhereafterplaeed
<br />on such real estate:
<br />0
<br />�. � � . � .. I`1" l'►'► t (... � 1`! i Y "e� 5 5C( �•� r V r � f G' 1�
<br />This mortgage is given to secure:
<br />A. Promissory noo dated .,,,�� - given by Mortgagor to Mortgagee in the principal sum of
<br />$ Z04-6.12-Q payable with interest according to the terms of such note and any instrument taken in connection with
<br />refinancing, extending or renewing the indebtednew evidenced by such note or any part thereof;
<br />!3. Any future advance(s), with interest, which maybe made from time to time by Mortgagee at its option in any
<br />amount(s), provided, however, such future advances shall be so limited that the total principal amounts outstanding
<br />at any one time shall not exceed the sum 001 'C, ,n Q Q'L_ dollars, to be repaid in accordance with the terms of a
<br />promissory note(s) evidencing any such advance(s). Any such advances) shall be ,additional to any advance(s)
<br />j hereinafter authorized to be made by Mortgagee for the protection of the security, or Mortgagee's interest therein.
<br />I` Mortgagor hereby covenants with Mortgagee and its successors and assigns thatMorgagor is lawfully seised of
<br />' such real estate and is the fee owner thereof, that Mortgagor has good right and lawful authority to convey the same,
<br />that Mortgagor hereby relinquishes all rights of homestead therein, and that Mortgagorwarrants and will defend the
<br />title to such rent estate against the lawful claims of all persons whomsoever. Additionally, Mortgagor covenants and
<br />agrees with Mortgagee as follows:
<br />I
<br />L Mortgagor shall pity all taxes and assessments in respect of or levied upon much real cst;,io before the same
<br />become: deliquent and shall pay whon due any lien or judgment on such real estate.
<br />2. Mortgagor shall procure and maintain fire, windstorm and extended coverage insurance on all buildings or
<br />other improvements :low on or hereafter placed upon much real estate in an amount satisfactory to Mortgagee. such
<br />insurance to have a mortgage clause, lose thereunder to be payable to Mortgagee as its interest may appear,
<br />3. Mortgagor shall not commit nor permit any waste on such real estate, shall keep all buildings and
<br />improvements in good repair and shall not irr,pair or permit the Impairment of Mortgagee's wc:urity in any way,
<br />4. Mortgagor hereby assigns to Mortgagee all rents in connection with such real estate.
<br />In the event Mortgagor fnils to pay such taxes and assessments or fails to procure such insurance or fails to
<br />cause the removal of any lien on such real estate. Mortgagee may at its option pay such taxes and asmeatments or
<br />procure such insurance or pay nt; amount necessary to mntinty such lien, and all amounts ndvanertl therefore shall
<br />become .a pnrt of the indcbtelnems rrecured hereby, mhnll he duo and payable immediately and shall bear interest at the
<br />maximum rate allowed by the lawn of the Mute of Nebrask,t tit the time of such advancement.
<br />In the event Mortgagor derttultst (tt) in the payment when clue rmuch principal Mum or any installment thereto(
<br />or any intvreMt thereon, (h) in the repayment when slut+ of nny ndvacem made am provided herein or tiny interest
<br />thereon, or (c) with respect to any covenant or condition contained In this mortgage, Mortgagee may, at its option
<br />without notice and tit tiny time during the continuance of much default, deelnrr, theentirrindehtednesm mecured by thin
<br />mort.gnge to be isn:nevliaceiy due atnd pitynhle with interest at the maximum rate then allowrti by Nebraska law anel
<br />may irnmedintely foreclose thim mortgage or purpue env rather nvaiinhle legal remedy. In the event orally action by
<br />Mortgitgee to enforce collection of indrhtednemm Mtrured hereby, Mortgagor agrers that tiny exitenme incurred in
<br />conne(:t.ion therewith incluci3ng costm and rennonable attorney feem mhall become part of the indahtelneKMwured by
<br />this mortgage.
<br />Ire the r. vent of fuw default tact forth in the foregoing pitra rapil, Mortgagee shall lx• e11titlr(t to irnmedinG
<br />lxissession of such mail estate nor1 aril till, renta, revenue tend iota: le derived therefrom (luring such tirlle its the
<br />indehterirlt•ss ser+ired horeh. y retnalins unpliiri '9111111 he applied by the Mortgagor to the paynlent ofriut'11 indebtr•rlrieswi
<br />includiiig nmourlL.; dt•mtteti to he at part thereof forth herr:in,lhnve.
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