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<br />100457
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<br />Account No.
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<br />"I
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<br />64350-4
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<br />OPEN-END REAL ESTAT E MORTG AG E
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<br />,_,!?,!:,~12I}.~!1nX,~,...Rc::>l1,~h~y'g.~D:nCl.ng.~,<J.9.fl~ t. ,c; ~~~().n,sI}Cl.119~I1L 1:Iu.I:?b.a.n9,.. ~Q9 nl^l i,tg,.~ mn~'" '~u'n, n.......'.. h ele i na ftel
<br />called the UMortgagor"". does hereby mortgage t":(" knuwlng dc.:--crihed ceai e~;;,tat~:
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<br />nnL,Qt,.,Three_,L3J~'~n,Edw.at',iliLSubdivisiQn, ~ nCit-y-~.of ~~Grand,~Island, ..~Hall~~Count.y."ul\lebra.ska'.......n
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<br />hereinafter called the "premises". to Bell Federal Credit Union. hereinafter called lheUMortgag~e"'. in consideration of the
<br />amount, fioanced by the Mortgagee io Ihe sum of ,Eley.enn,Tho~usand.,Eiv.e,..HundrednDollarSnand..OOncents:::...
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<br />,=:,:,:::::-_-:-~=:~:,::==::::::::::::::-_-:-n:::::::::::::::=::::::::-=~::,~~~:::~:::::~ ($ n,!"!:~!~~QQ,~_QQ,~nnn~,..),leceil'1 of ....hich is hereby acknowledged,and in
<br />consideration of covenants and agreements he!'einafter set Ic.rlh:
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<br />PROMISSORY NOTE: This mortgage is given to secure payment of the dmounl financed together \vith interest. according to the terms of
<br />the Mortgagor's promissory note of this date.
<br />ADDITIONAL ADVANCES: This mortgage shall secure any addilional amounts financed logether with inleresl, which may be made at Ihe
<br />mortgagee's option at any time before the release of this mortgage pro\'ided. the aggregate amount secured shan not exceed the maximum
<br />amount permitted by law, except that nothinQ herein contailled shall be conside,.-ed as limiting the advances secured herein \vhich are made to I
<br />protect the security or made in accordance with covenants contained in this mortgage. Any additional advances. with inte,.-est. made by the
<br />mortgagee to the mortgagors, or their successors In title, for any purpose, at any time before tile release and cancellation of this mortgage, but
<br />at no time shall the aggregate principal amount secured by thiS mortgage.. being the amount due at any time on said original note and any
<br />addilional advances made, exceed the onginal prinCIpal amounl secured by this mortgage, being Ihe sum as sel fonh above, provided Ihat
<br />nothing herein contamed shall be considered as IImitmg the amounts that shall be secured hereby when advanced to protect the security or in
<br />accordance with convenants contained on the mortgage.
<br />WARRANTY: The Mortgagor hereby covenants with the Mortgagee 'hat the Mortgaf)or is la\vfully seized of the premise~. that the premises
<br />are free from encumbrances: that Mortgagor has go:;d, right and lawful authority to convey the premises.. and that the Mortgagor warrants and
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<br />will defend the title against the lawful claims of all persons whomsoever. except.......mn.mmm..ummu...........umm.m.............m...m...........m...
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<br />uX~r;:g,t..,ReaL&;.tat~e,hMor,tgageuheld bV'hF.irsLF.ederaLLincoln______~..~..~mmm~"~..'h'mnm.m..mm..'..mu'......
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<br />OWNERSHIP: If Ihere IS any change In Ihe ownershIp of Ihe premIses by sale or otherwise, Ihen at Ihe eleCllon of Ihe Mortgagee the uopaid
<br />balance of the amount financed including additional amounts fmanced together \...-ith mterest shall become due and payable at once without
<br />demand or notice.
<br />INSURANCE AND TAXES: The Mortgagor shall maintain fire. Windstorm and extended coverage insurance upon the premIses in an amount
<br />not less than the indebtedness due the Mortgagee with a loss-payable clause In fa'\-"Or of Mortgagee_ The Mortgagor agrees not to commit nor
<br />permit waste on the premises. The Mortgagor shall pay all the taxes, levies and assessments upon the premises before they become delinquent.
<br />In the event the Mortgagor shall fail to obtain insurance or pay taxes and .other hens before delinquent, the Mortgagee may either pay thern.
<br />creating a lien secured hereby for the amour.:s so advanced together with tnterest at the annual percentage rate of twelve per cent (12%); or
<br />consider Mortgagor in default.
<br />DEFAULT: The Mortgagor is in default if any of the terms and conditIOns of thiS mortgage or the pfomiss:lfV not..: or notes secured hereby aTe
<br />b<eached. Upon default, Ihe Morlgagee .vilhout demand Dr nollce may declare Ihe enllle debl secured by lI:os mongage due at once and may
<br />foreclose this mortgage f~r the satisfaction thereof.
<br />RENTS: All reols and profils derived from the premIses are hereby assi!l"ed 10 Ihe Mortgagee aod upon defaull such renls and prohts shall be
<br />paid direcllv 10 Ihe MOrlgagee 10 be applied against Ihe unpaid balance of any and all advances secured hereby togelher wilh 'nlereS!, Upon
<br />default the Mortgagee shall be enlitled 10 immediate posseSSion of Ihe premises. The Mortgagor irrevocably appoinls the Mongagee and ils
<br />assigns and successors his attorney.in.fact to rent. manage and maintain the premises dS it deems best. and the Mortgagor further agrees to pay
<br />said attorney a rellsonable fee for such serviceS.
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<br />
<br />STATE of,tle,Q!;"9.J?l@,...... }
<br />SS,
<br />COUNTY OF~_lJ9.,U..,..........
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<br />Slgn~d 11.." ,.. ?Qtn...n.m;;ay n...._nunJ,anuacy.._.__,............._~ 1988_
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<br />\tortgag'll
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<br />UC'f"I~ IIW. ., S,lI;.uy Puhh.: qualifif:(t fOI said countYlI pcrsonalJy came
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<br />~!;.ept1~n~ f~,R()!'l!3.h~llg~~f1~~,~mj,~~~r.I..~!;..,G.~.., RQ!'ll?!:lo[l,y.g~!l1....!!!!~Qi;l.!!!;l..g.mlJ:nte
<br />to nil" klul\,n hl b... the uJcntu oJl rC'r,en wh., ~1[mC'd the ftlregoing instrument and 8cknowl..
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<br />gelS th... C'Xt'\.lltl\,n tlh."f('I'1 h' be: .hm... J~bg.t~.m ._.... \o]untary act and deed.
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<br />hand ~lId "'('roll sea: "" ,~,...{-~an1.fry....2o............198,8..m
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<br />'1olary Puhlic
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<br />My Commissinn Expires: ~'...n..'.March~..lO/ml990~...h~
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