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................... : Filed for record and entered in Nnmariral Ind.e.x .. on ...... .. and .................... ............................o.a at..::::::::: :: ::... o'clock ............,... Dl 87..,..102833 .. recorded in Mortgage Record ............................................................ County Clerk or Deputy County Clerk or Register of Deeds Deputy Register of Deeds REAL PROPERTY MORTGAGE Walter C. Beck and Elizabeth A. Beck , herein called the mortgagor whether one or more, in consideration of SEVENTY THOUSAND TWO HUNDRED AND 00 /100 DOLLARS received from mortgagee, does mortgage to Kevin Timothy Beck The following described real estate, situate, lying and being in the County of Hall, State of Nebraska; to wit: Lot Six (6), in Block Three (3), in Jenkinson Subdivision, in the South Half (S1 /2) of the East Half (E1 /2) of the Southeast Quarter (SE1 /4) of Section Two (2), Township Eleven (11) North, Range Ten (10) West of the 6th P.M., Hall County, Nebraska. 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 tite lawful elain]s of all persons whomsoever. This mortgage is given to secure the payment of the promissory note of this date made by uortgagor for $ 70, 200.00 payable as follows: $3,200.00 cash paid to mortgagee at closing with the balance of $67,000.00 amortized over 15 years. Monthly installments of $699.63 to be paid to Kevin T. Beck with the interest on the unpaid balance at the rate of 9 1/2 percent per annum compounded daily. 3ortgagor shall pay all taxes arid assessments levied ]'poll said real property and all other taxes levied on this mortgage or the note which this mortgage is given to secure before the same become delin- gtrent and shall maintain fire, n-iudstor'm and exten]ll.'I covcrage insurance tt•ith a mortgage clause on the buildings on said premises in the suui of •� 75,000.00 If mortgagor fails to pay such taxes and assessuurnts m procure such insurance, uo;rtg;]R• -c :nay pay such taxes and purchase such insurance and the amount so advanced wit)' interest at nirw percent per annum shall be secured by this mortgage. In case of default ill the payment of the priucip;a ,u," or any installment thereof or of any interest thereon when the same shall become due or in caw• of till, non.pa }went of any taxes or assessments or of tl'e failure to maintain insurance as herein pruvi;lc�l. rnurlgagee may at the option of mortgagee, with - out notice, at any time daring the con!im'sn ;• of such d -fault or br•eaclt, declare the whole debt secured by this mortgage to be inunediateiy (fill. and pa }ail':]• and may foreclose this mortgage. In the event of default in the performanet- of all-, of !hl. toms and conditions of this mortgage or the note secured by it, till. n]ortgagcr .hall he entity to itnrnc;lialc possession of the property above de- scribed and all the rents, revenue and incom^ derived tin•refr.u:, during sueh time as the mortgage in- debtedruws remains unpaid ;hall be applied b;: the nu rt•rat.•. to the payment of the note and all other sums secured hereby after dedtu•tiou of and' r ?ecrasar} costs of cotleetimt- ted 8th Day of May 1987, .... ... �...t: .. ... .............. C STATE. OF `EIBRASK.1, t'ow]ty of ....Hall . ........................ ............................... : Before me, a notary public qualified for said county, personally came known to ale to be the identical person or persons who signed the foregoing instrument and acknowledged the execution thereof to be his, her or their voluntary act and deed. Witness my hand and notarial seal on ............ /`� �� \utary } ubirc *� y Div enatmi. ion expires ... !! - '•t4 %I titlti 1t's ;' ;��.,_. !;It liar, @N4m A N -oaf /ln. Idnm.ln, NcGr I