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REAL ESTATE MORTGAGE 87-101223
<br />LOAN NO 26- 3450456
<br />%now Alf Men TV 3�e& Troenteo:
<br />Tha Michael W Lowry and Denise Kay I nwry. Husband and Wife
<br />hereinafter referred to as Mortgagors, whether one or more, for and in consideration of
<br />Eighteen Thousand and 00/ 1Q0==------ ---- -- --- -------- ------- ---- -- DOLLARS
<br />in hand paid, do hereby bargain, sell and convey to OCCIDENTALMEBRASKA FEDERAL SAVING BANK of Omaha. Nebraska,
<br />the following described real estate situated in
<br />Hall
<br />County, Nebraska:
<br />My residence at Route 1, Box 370, Hall County Cairo, Nebraska, South Loop Township,
<br />Part SW's 24- 12 -12, 7.65 acres, tax ID = X400193973
<br />a /k /a A tract of land comprising the westerly Four Hundred Eighty -Five (485,0) feet
<br />of the southerly Six Hundred Eighty -Seven (687.0) feet of the Southwest Quarter of the
<br />Southwest Quarter (SWI /4SY1/4) of Section Twenty Four (24), Township Twelve (12) North,
<br />Range Twelve (12) :lest of the 6th P.M., in Hall County, Nebraska
<br />Together with all the tenements. hereditaments, and appurtenances thereunto belonging. Including attached floor covering, all heating, pkrrt*rg and
<br />fighting fixtures, and equipment and accessories, window screens, window shades, storm windows, Venetian- blinds, awnings, stokers, not water
<br />treaters. pressure pumps and tanks, air conditioners. and all other mechanical appliances which are now or may become attached to and used in the
<br />buildings on said real estate. and it is agreed that as such fixtures and appliances shall be considered a part of said real estate. if any such rtems of
<br />equipmenL fixtures and appliances should be considered as personalty then taws mortgage shat constikte a security agreernent with respect to arty
<br />property so considered whether now or hereafter affixed to the above real estate.
<br />Said mortgagors represent that we are iawfutty seized of the said premises, that they are tree from encumbrance. and we do hereby coveriaM
<br />to warnant and defend the said premises against the lawful claims of as per -ens whomsoever.
<br />PROVIDED ALWAYS. and these presents are upon these conbitions:
<br />Mortgagors have executed and delivered to mortgagee their note for the above-mentioned arroxrK payable according to the Harms of said
<br />rats. 4 is understood and this miongage shelf constitute notice thereof. that has mortgage I- security or rot only the amount advanced concurrently
<br />with the execution hereof, but all tutors advances to be made at the option of the parties or Moir assigns, not to exceed an amount Must 0 115
<br />percent of the amount of the original mote, but in no event shall said rote excesj the maxmwxn amount permitted by law. and to the same ealert as
<br />advances originally made hereunder.
<br />it is turttier agreed, in the event that payments and taxes herein provided to be paid by mortgagor, are not pad when due. and the prenasss
<br />at that Urine or thereafter. are occupied by a tenant, the mortgagur herein, hereby seas and assigns and transfers to the OcodentatftJebrasaa Federal
<br />Savings Bank Mortgagee herein, as rents and income of at kinds arising out of said property and authorized said OcciclentaMebraska Federal Sav-
<br />ings Bank to collect same and sue therefore in its own name, and after pavmg costs of collection to apply the remainder on the debts sewed by
<br />this mortgage.
<br />Mortgagors further agree to pay all taxes levied upon this mortgage and the debt seated hereby: and to pay as taxes and assessments upon
<br />said real estate at or ppae}fpprrge tt�t� time the y become delinquent also o "min ain five . and extended coverage insurance an said prde . in
<br />the amount of c outs LanQl rig mor gagr A in such comparry as mortgagee may, deed, with an acceptable mortgage i attached for
<br />the benefit of mortgagee or the legal tattler of said note, and deliver said policies to mortgagee, If mortgagws fad to pay the taxes at said dins or
<br />fail to comply with this provisos with reference to insurance, mortgagee may pay sad m>res or may obtain such insurance, and mortgagors agree 0
<br />repay the same with, interest thereon at the max:n um rate pem~ by taw. aria the m[rtgage shag secure such repayment with Merest, tithe said
<br />rote and interest thereon, and at insurance and taxes paid by mortgages or assigns. Shah be kfy paid. this mortgage staff be nu3 and void, olrer-
<br />wnse to be and rarriam rn full force and effect. The new or refusal to pay any of the ntorctay MWANIGM on the same, agreeably to the Const3t-
<br />tion and By -Laws of mortgagee or according to the terns of said nom, or m case of waste or in case of breach by mortgagor of any covenant n
<br />Vim mortgage. mortgagee :nay declare as amounts sacred hereby at once due and payable and may foreclose the mortgage tareore .
<br />in the event '.rte mOltgagdrs therein Convey the above described premises- the ASSdaat, pry. at its Option. may deciane the liners, batanba of We
<br />above mentanec rote due and payable. Acceptance of payments hereunder from such purchaser wtladt written notice to the dome Ofice of We
<br />Assoaanor, Shari rot De considered as a *Amer of has right.
<br />In case of default Of payrtieru of any ehsmtroent of pnncpat or Interest or in payment of the taxes or Insurance or interest on this same. tfie
<br />mOrtuagee shiaii tint entibeC to In immediate possession Of Said WwnL -es aria t4 the I of as rerhLS therefrom. and in case of foreclosure it is
<br />stipulated that upor request of the pla~ a receiver shat be appoinMed for said pr'amess iQ take pion thereof and to xoaeet the I- and
<br />profits thereon
<br />Dated sus - 23 _, �, February AD ;y 87
<br />Michael W. Lowry Denise Kay Loll
<br />STATE OF NEBRASKA,
<br />Buffalo county ss
<br />On this _ 23rd day ofFebruary _. fig 87 . before
<br />ttm a =ter - - ---- -- - v n,.
<br />Michael W, LLowry and Denise Kav Lowry
<br />personally
<br />iD me krawr IC De the identiCai person or persons whose name is or names are sub-
<br />scribed to ine fonigoing instrument, and acknowledged the execution thereof to be. his,
<br />her on their voluntary act ono deed.
<br />Witness my rand and omarai Seal the day and year above written
<br />Notary Public
<br />-t
<br />key rr..nm..,5.,,,n rsfrrin the _ /,,i day ill )�Cl.. -�G - 19
<br />STATE OF NEBRASKA
<br />_ county 55
<br />Filed for record on this l
<br />az o cock M. and
<br />recorded in Book of
<br />page
<br />Register of Deeds -
<br />By
<br />Qa+riuty
<br />indexed
<br />_. Regislen _ _ �•" "
<br />Grantor
<br />Cciinparirc5 -.
<br />i:ii aniim
<br />P 'Jed
<br />
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