|
200212490
<br />REAL ESTATE MORTGAGE
<br />This Mortgage made this day of November, 2002, between:
<br />MORTGAGORS: Ronald D. Peterson and Becky M. Peterson, husband and wife.
<br />MORTGAGEE: Howard L. Peterson and Jeanne P. Peterson, husband and wife.
<br />Mortgagors are indebted to Mortgagee in the principal sum of $20,000.00, which
<br />indebtedness is evidenced by Mortgagor's promissory note dated the November 1, 2002,
<br />( "Note herein), with the balance of the indebtedness, if not sooner paid, due and payable
<br />on the 1 st day of January, 2008.
<br />To secure Mortgagee the repayment of the debt evidenced by the Note, with interest
<br />thereon, the payment of all other sums, with interest thereon, which Mortgagee may have
<br />advanced under this Mortgage to protect the security of this Mortgage, and the
<br />performance of the covenants and agreements of Mortgagors herein contained,
<br />Mortgagors do hereby mortgage to Mortgagee the following described real estate (as
<br />defined in Neb. Rev. Stat. Section 76 -201):
<br />Lot Twenty -One (21), Block Three (3), Brentwood Second Subdivision,
<br />Grand Island, Hall County, Nebraska.
<br />including all buildings, fixtures and improvements thereon, and all rights -of -way,
<br />easements, rents, issues, profits, income, tenements, hereditaments, privileges and
<br />appurtenances thereunto belonging used or enjoyed with such real estate or any part
<br />thereof, including any interest Mortgagors hereafter acquire in such property, referred to
<br />in this Mortgage as the "Property."
<br />Mortgagors covenant that Mortgagors are lawfully seised of such Property and that it is free
<br />from encumbrance, subject, however, to existing tenancies and the restrictive covenants
<br />of record.
<br />Mortgagors and Mortgagee covenant and agree as follows:
<br />Payment of Note.
<br />Mortgagors shall promptly pay when due the principal of and interest on the debt
<br />evidenced by the Note, the last installment of which is due the 1 st day of January, 2008,
<br />togetherwith all sums advanced by Mortgagee to protect the Property, with interest thereon
<br />at the default rate provided in the Note. Payments are due, beginning, January 1, 2003,
<br />from Mortgagor to Mortgagee pursuant to the amortization schedule set forth in Exhibit 1
<br />attached hereto.
<br />2. Taxes & Assessments.
<br />Mortgagors shall pay all real estate taxes and assessments levied on the Property,
<br />
|