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9.8 Hultman and Felton 6 Well. Walton, Ne. 68461 �Q "t REAL PROPERTY MORTGAGE o n Co o ca i N O m r A tp Ps ell V 2 m w m Randall L. Gibson &Lori A. Gibson herein called the "Mortgagor" whether one ormore, in consideration of $33,856.00 received from mortgagee, does mortgage to Ell Schroeder & herein called the "Mortgagee", the following described real estate: Pauline Schroeder SEE ATTACHED And the mortgagor does hereby covenant with the mortgagee and with mortgagee's heirs and assigns that mortgagor is lawfully seised of said premises, that they are free from encumbrance, that mortgagor has good right and lawful authority to convey the same, and that mortgagor warrants and will defend the title to said premises against the lawful claims of all persons whomsoever. This mortgage is given to secure the payment of the promissory note of this date made by mortgagor for $ payable Mortgagor shall pay all taxes and assessments levied upon said real property and all other taxes levied on this mortgage or the note xhirh this mortgage is giveu to secure before the same become delin- quent and shall ro Iotain fire, windstorm and exdend ed .overage insurance with a mortgage clause on the buildings on said prcmi... m the sum of :F If mortgagor fails to pay such taxes and assessment, or procure such insurance, mortgagee may pay such taxes and purchase such insurance and the ammu,t so advanced with interest at percent per annum shall be secured by this mortgage. In case of default in the payment of the principal sum or any installment thereof or of any interest thereon when the same shall become due or in ease of the non - payment of any taxes or assessments or of the failure to maintain insurance as herein provided, mortgagee may at the option of mortgagee, with- out notice, at any time during the continuance of such default or breach, declare the whole debt secured by this mortgage to be immediately due and payable and may foreclose this mortgage. To the event of defmoll in the performance of any of the terms and conditions of this mortgage or the note secured by it, the mortgagee shall be entitled to immediate possession of the property above de- scribed and all the rents, revenue and income derived therefrom daring such time as the mortgage in- debtedness remains unpaid shall be applied by the mortgagee to the payment of the note and all other sums secured hereby after deduction of any necessary costs of collection, Dated t-2/ 4/o D ;— )€1 47 ...... .. ............ STATE OF NERRHSKA, County of `i'(C ._Q..ci..�._. The foregoing instrumenl was' acknowledged before marl? <?�rw1C xIE WRITE -�GGE ,= -' i a "y JUI,ISSIONE%PIRES lignninfe, of Person eking Acknowledgment 11 2005 — _ T111P STATE OF NEBRASKA, County of ......................................... Filed for rremm xad entered in Numerical Index on ................................. ............................... at ................ o'clock ................ M., and recorded in Mortgage Record ..............._ .... Page ........................ ..................... . .... .. .................... I........... By ............................. ............................... County Clerk or Deputy County Clerk or Register of Deeds Deputy Register of Deeds Rev. 9/95