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<br />9.3
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<br />Hullman Ind ronon & WoII, Wallon, Ho. 6MM
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<br />REAL PROPERTY MORTGAGE
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<br />Open-end, to secure pl'1lllent and future obligations and advances
<br />THOMAS S. NABITY AND JEANNE M. NABITY HUSBAND AND WIFE
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<br />herein called the ''Morillqor'' whether one or more, in coRllideration of the advance of the principal sum recited in the
<br />note herelnBfter described and in consideration of any future advances made by MortBqee to Mortgagor as
<br />herelfilullll' provided, hereby morillagflll and conveys to BANK OF WOOD RIVER, WOOD RIVER, NE
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<br />herein called the ''Morillqee'', the following described real estate together with all the right, title and interest
<br />of the Morillqor thlltein or hereafter acquired includinl{ all buildings and improvemente now on or hereafter placed
<br />on such real estate:
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<br />Lot 13, Regency By The Green Subdivision, an Addition to the City
<br />of Grand Island, Hall County, Nebraska
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<br />Thia moriflage ill given to 1Il!CUre:
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<br />A. Promlll8OFY note dated 5 - 2 0 - 8 8 given by Mortgagor to Mortgqee In the principnlsum of
<br />, 350. 000 -payable with intenlltaecording to the tenne ofeuch note and any instrument taken In connection with
<br />refinanc:m., Illltendinll or renewintr the indebtednea evidenced by such note or any part thereof;
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<br />n. An,)' rllLlUe IldVanL-e(B), wiLh inler...t, which n1IlY be madelrom time La time by MortgD8ee Iltits option in IlDY
<br />omount(e), provided, however, such future advanCflllllhall be 110 limited that the total principal amounte outetanding
<br />at any one timuhall not exceed thuum of $ 3 5 0 , 000 . dollars, to be repaid in accordance with the tenneofa
<br />promluory note(e) evidenclns any IUch advance(II). Any lIuch advance(s) shall be additional to any advance(8)
<br />hereinafter authorized to be made by MorifIagee for the protection of the lIecurity or MortsBllee'lI interest therein.
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<br />Mortclll'or hereby covenents with Mortgagee and its IUCCl!llllOrll nnd aSllignll that MOrKagor is lawfully lIeised of .
<br />BUeh reaI-'a1e and is the fee owner thereof, that Mortgqor has Ilood right and lawful authority to convey the same,
<br />thatMortcqor hfJl'Bby rellnquiAh. all rights of homestead therein, and that Mortgagor warrants and will defend the
<br />title to neb real eetate B8'ainlt the lawful claims of all pereons whomsoever, Additionally, Mortgagor covenants and
<br />qrM8 with Mortaagee 811 follo_:
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<br />1. MorifIagor &hall pay all taxes and 888811l1ments in respect of or levied upon such real estate before the 8arne
<br />become deliquent and Ilha1l pay when due any lien or judgment on 8uch real estate.
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<br />2. Morliragor Ilha1l procure and maintain fire, windstonn and elltended coverage inBUrance on all buildingll or
<br />other improvements now on or hereafter placed upon 8uch real estate in an amount lIatisfactory to Mortgagee,lIuch
<br />in8U1'8llClll to have a mortglllle clause, 1088 thereunder to be payable to Mortgagee all its interest may appear.
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<br />3. Mortgagor Ihall not commit nor permit any WBBte on such real estate, shall keep all buildingll and
<br />improvemenle in good repair and shall not impair or pennit the impairment of Mortgagee'lI security in any way.
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<br />,jI. MortaaBor hereby allllignll to Mortgagee all rents in connection with such real estate.
<br />In the event Mortcllllor failll to pay lIuch taxes and aslleeaments or faiis to procure such inllurance or fallll to
<br />caW18 the removal of any lien on lIuch real estate, MorifIallBll may at its option pay 8uch taxell and a88ell8ments or
<br />procure auch Innnmce or pay an amount n8C8llll1ll)' to satisfy such lien, and all amounte advanced therefore shall
<br />beeame a partoftheindebledn8AlIIlCIlI'Bd hereby,lIhall be due and payable immediately and 8hall heM int.ereat atthe
<br />maximum rate allowed by the IaWII of the State of Nebrnka at the time of such advencement.
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<br />In the event Mortcal"l' defaults (a) in the payment when due ofeuch principal surn or any iRlltallment thereof
<br />01' aD1 in__ lhenon, (b) in the repayment whlll1 doe of any adva<M made a8 provided herein or any interest
<br />~ _ (c) with nQ<<t to aa,y covenant or condition eontained In thie mortgage, Mortgas-> may, at its option
<br />without notice aaclat any time during the ODntinuance of neb default, declare the enUi'e indebtednellllll8Cured by this
<br />marte... to be bnmedia1ely due and payable with Inbm:!tlt at the lD8Ilimurn rate then allowed by Nebraska law and
<br />IIIQ lnameditllely ~ th.. mor18age or pIIn1Ue any other IIvailable Jepl remedy. In the event of any action by
<br />.......... to en"" collection of Indebtedne. 8llCUJ'8II hereby. Mortgagor Otrf1!t'8 thRt any expenee Incurred ill
<br />conMCtion ~ \ncludlnl coeta and __ble attomey f_lIhall bt.come ft PRrt oflhelndebtedneu &eCured by
<br />th. mortcap.
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<br />In the _t of any default .. forth In the fONtloing pIIrl1llrJlph. Mortllnlll'" 8hnll be I!IIUtll'd 10 hnm..diate
<br />..--Ion of ead! real ..... and all the reI1U., revenue and Income dPTived the....frnm durinR "urh time"" thl!
<br />lnd~n_lIl!CUred hneby remain. unpllid .holl be npplied hy th" MnrtllRIl.... tnth" I'".,.,n"ntll{ ouch ind"btrdn"."
<br />Inchdina amounte doemod to be B pIIrt themJf R" ..,t ("nh h"",inRlx,,,... I
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<br />-mc. ._-c=o~==c~-~..o ~-.~r
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