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LOM NO. rcwcE AND SECURITY ACAEDIE T" sn_ 100383,
<br />dtIt Arc Eke" fresrnts
<br />F,,,-7.-. Gc.,� <tl 05 bi ay .. • 6i.e�► fi sa e a.r W.te f8;
<br />«e:
<br />of the Countg..of �$ // - and State -CI& r . �� r .mortgagors,: in consideration of the tam of
<br />7ygyt,q.�' F`6�. %tbKittwd. atw0 /rCwa ($..i.SO C DOLLARS.
<br />the the reteIpt whereof is thereby acknowledged, do hereby SELL AND CONVEY to Inland Mortgage Co,, Inc., Hastings, Nebraska,
<br />mortgagee, the following described real estate situated in gy // County, State of .kn�Y4_ , to wit•
<br />ZD/ Jr� /7zZj Su6d.dis :cry t3ara:..d �f.� Eir:if ` t ti ii%�L..rA A.
<br />Together with at' building., easements, umpro11ments, fixtures or appurtenances now or hereafter eructed thereon, including, all apparatus,
<br />Zequipmeaq fixtures o: articles, whether to single unite or centrally controlled, used to sup?.y h� at, gas, air conditioning, water, light, pow er,
<br />rigeration, ventilation, dishwashing, disposal, or other services and any other thing now or hereafter therein or thereon, the furnishing of
<br />which Sy lessors to lessees is customary or appropriate, including screens, window shades, storm doors and windows, floor covering:, s—en
<br />doors, in -a -dear beds, awnings, stove. and water heaters (all of which are declared to b c
<br />e a part o' said real estate whether physically attahed
<br />thereto o. not). The Mortgagee is hereby subrogated to the rights of all mortgagees, lienholdera and owners paid off by the proceeds of the loan
<br />hereby secured.. This mortgage constitutes a security agreement with respect to the chattels covered hereby and with respect w the fixtures at-
<br />cached -to the above described real estate in which mortgagee has an ordinary security interest.
<br />in TO into a d� �O HOLD the aid property, with said buildings, easements, improvements, fixtures, appurteuaaces, apparatus and equip -
<br />gages. its a sera and assigns forever.
<br />The mortgagors represent and covenant with the mortgagee that they are lawfully seized in tee simple of amid premises; that they have good
<br />right and ..lawful authority to sell and convey the same; that they are free and clear from encumbrances; that there are no au :starling security in-
<br />I" sts against any fixtures; and that they will warrant and defend the title to said premises against the claims of all persons, and that there are
<br />ao- _outatandiai security interests as to any and all of the above described fictures.
<br />- PROVIDEMI always and these . presents are upon, express. condition: That. Wbereas the said mortgagor. have this day e. ecuted and dih! y red
<br />to the said Lempany, one certain note in the amount of the above consideration, which sum with interest at a variable rate, subjecttn increase o:
<br />dwrease az. the option of the holder as prmided by said note oz any modification or extension thereof, and all sums which said Company shall nay
<br />opt a 4 the for taxes, insurance or repairs ott :he property described herein, or future cash advancement. made by the mortgagee to the
<br />mortg Q his successor in title, for any purpose at any time before the release and cancellation of this mortgage (provided that the said ad-
<br />vance t, Yogechgr vrith :the principal balance due at the time of the said advancement, shall not exceed the o: igi al amount of the mortgage and,
<br />provid "eV •bet nothing herein contained shall be considered as limiting the amounts that shall be secured hereby when advanced to •,irotect
<br />the se ftyyoz inhKSta'iance With the covenants contained herein) shall constitute the debt owing to said Company
<br />ors pr lee pay said debt sad interest to the Corn _ PanY had by said note said morcgag-
<br />s / �parryj,ijn monthly itist /allm_�tt as IFrovidsd in said note of even date herewith. Unless modified
<br />or ext t i n le -sae T .4,, Alsl7 -f'lt L31� °V '�
<br />{{•• (✓ monibs from date.
<br />Mender ti ther res to y, before de4oeacy the sums secured hereby, and all taxes and charge. of ever
<br />due, under the 8e every keep t arse - in . now
<br />upon said real estate, and upon this mortgage or the note or debt seta: ed hereby; is keep the buildings upon
<br />said premises insured for fire and extended coverage in some company or companies acceptable to mortgagee for an amount aor less than the•
<br />value of thebu[liing, as determined by the mortgagee or the unpaid balance of the loan, whichever is less; to keep all improvements ' x re-
<br />Pair
<br />and condition, without waste during the life of this mortgage; and to permit mortgagee or it. a ent to enter v m go
<br />the and of said improvements in order to ensure compliance herewith, g upon said premises to examine
<br />Should default be made in payment of the so' secured a reby, or any part thereof, and said default continue for sixty (60) days, c should s
<br />iaauranee not be promptly effected, or taxes or as.es.mems not be paid before delinquency, or default in any pf the terms .f the note foe w1ti •h
<br />this mortgag is security, or acid p: opery sold or transferred without approval of a supplemental applicat ton for assumption of this m-,ctGa e
<br />and. -the debt evidenced thereby, by the Company, or in case of failure to duly observe and be governed 6 the
<br />Company, and rules and regulations of the Coin - Y Provisions and conditions of the s-
<br />piny, o. if insured by mortgage insurance — potation., to pay in add Eton at the opct
<br />Company, the premiere toz said iasuranee,. or the discovery by [he Company, its officers, that of the statements contain n :he,appaik
<br />cation for the loan executed by mortgagora are false, or if a Federal tax it.. i. led e` cord whicbn:mpose. a fen against zhe above dea:ribs-
<br />zeal being than Nis whole of said iadebcedriese remaining u - w eta hl at the option of the said Company, become doe and payable ahthous r. pile e,
<br />time being the essence of this coP.rac_.
<br />Should mortgagors fall to keep the buildings insured, as herein agreed, or fail to pay real estate taxes and special asses.mencs o the s
<br />mortgaged property before delinquency, mortgagee may effect said insurance, pay taxes and insurance premiums, an! all such payment, wait]
<br />interest as provided in the first mortgage note secured by this mortgage, shall be a lien upon said premise. and secured hereby.
<br />The mortgagors hereby relinquish all homestead and marital rights of every kind in and to the said premise..
<br />Far the pnrpoee of furnishing further security for the debt secured hereby, the mortgagors hereby assign, !rarefer asst set n , : to they morn-
<br />. gage., to be applied toward the payment of cite note and all other mums seta n v,
<br />had ensditi— of this mortgage or the said note, all the Tents, r red hereboyTa case o!a default in the merfprmance of any of the trans
<br />time as the Mortgage .venues, and in- time to be derived irom the nrtgaged premises d ring such
<br />e a d Premise shall remain unpaid: and the mortgagee aball have power to appeint any agent, cr agents, it may -.relic for the
<br />puzpussof repairfag said premises had of .renting the same and collecting the runts, reveuues, and income and is nay nay out n: aai❑ is
<br />axpenscs of repairing aAid pr niters and necessary Commissions, and expanses incurred in renting and managing the Barr nd i siting rcn :-
<br />als ther.from; thz balaace ramaititng if any, to be applied toward the discharge of said mo [
<br />acnwily calleeted and not for the rental value of. said promises. z Gage indr btedne ea. st or2 xa gar a..n,i eac�urt iP. .,.,t,s
<br />L if the indebtedness secure, hereby b guaranteed or insured under the 5 in :an
<br />issued thereunder and in effect the net h f shall govern. the right, duties a hilnpi><e c:ath
<br />other watrnm¢nts ax cute- .n u— ,'czfon with said Mdrbtedness which are incousiat,o., w,tl said f, tl
<br />.urps taerstd. r Aeg
<br />The t _ m. uses t t .signs uc any of the ]wider herein .lull br rteeme[. aclunr. p.
<br />pa r..ia s, eziet i:,e :emir M._r.,,ax:,r" ;nc .Je soy awty, own h„ rr ..r paed :. ,.y i,...r.�..
<br />(tumble)
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