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<br />MORTGAGE 87- 100037
<br />This Mongage is entered into between
<br />-husband-and. wife-,_-_- ilierem "Mortgagoir"I and
<br />(herein "Mortgagee").
<br />Mortgagor is in fated to Mortgagee in the principal sum of$ -22,395-fi8—, evidenced by Mortgagor's note
<br />darted _DAP Mfir_ 3ft_1_9Bfi_ (herein "Note") providing for payments of'principal and interest, with the balance of the
<br />indebtednem, if not sooner paid, due and payable on_ JanUar_Y._2___LU1__ -
<br />To secure, the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does; hereby mortgage and convey to Mortgagee the following described
<br />property located in
<br />County, Nebraska:
<br />Part of the South half (SJ) of the Southeast Quarter (SE„) of Section Thirteen (13),
<br />Township Eleven (11), North, Range Nine (9), West of the Sixth (6th) p.m., more
<br />particularly described as follows: Commencing at a point Twenty (20) rods North and
<br />Twenty Seven (27) feet East of the Southwest corner of the South I of the Southeast
<br />Quarter of said section Thirteen (13) ; thence continuing North parallel to and Twenty
<br />Seven (27) feet East of the West boundary line of the South J Southeast Quarter
<br />aforesaid (SiSEO of said section Thirteen (13), for a distance of 20 rods; running
<br />thence East parallel with the South boundary line of the South half (1) of the South-
<br />east Quarter (SISE-41) of said section for a distance of 8 rods; running thence South
<br />parallel with the West boundary line of the South I Southeast Quarter of said Section
<br />13 for a distance of 20 rods; running thence West parallel with the South boundary
<br />line of the South I Southeast Quarter (SISEJ4) of said Section 13 for a distance of 8
<br />rods to the point of beginning and containing one acre more or less.
<br />Together with all buildings, imf)rovemvnta, fixtures, streets, alleys. passagcwa}s, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and %hv trnz,, i,su• and profits. reversions and remainders
<br />thereof; including. but not. limited to, heating and cooling equipment and such personal property that is attached to the
<br />improvements so &, to constitute a fbturv: all of which. including replacements and additions thereto, is hereby decla•ed
<br />to be a part of the real estate secured by the her of this Mortgage and all of the foregoing being referred to herein as the
<br />Mortgagor further convenants and agrees. with Mortgagee. as follows:
<br />I. Payntlent. To pay die indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2. Title. Mortgagor is the owner of the Property , has the right and authority ice mortgage the Property, and
<br />warrants that the lien created hereby- is a first anti prior hen on the Property, except as may otherwise be set forth herein.
<br />OD The Property is subject to a Mortgage " livrvir,
<br />is the Mortgagee, recorded at Book -_ . Pa ii, - __-, , cif the- Mortgage Records of --- ----- County,
<br />Nebraska. which Mortgage is a lien prior to the !tell created heit,tiN
<br />Other prior liens or Pncuinbranc. °>: – ------- ---
<br />— ---------
<br />3. Taxes, Aseesliments. To pay when due all taxes. special assessments and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note Secured hereby. such amount as
<br />nay be sufficient to enable the Mortgagee to pay such taxes, assessments or i)thvi charge, as they become due.
<br />4, lnsuraace. TO keep the improvements now or hereafter tocated on Lilt- real estate described herein insured
<br />againstriarnageby Fire and suck, other hazards at, Mortgagee may require. in amounts and %vith(-onipanies acceptable tothe
<br />Mortgagee, and with iw, payable to the Mortgagee. IN case of loss under such policies the Mortgagee is authorized to
<br />adjust, colilect and compromise. in its dtscneron, all claims thereunder at its uric option. authorized it, eitherappIv lilt,
<br />proceeill; to the restoration of the Properij. Or upon the indebtedness secured fitrvb%. but pal rucnL, hereunder s114H cuil-
<br />finme until the sumiswcured hereby are paid in full.
<br />5 C Escrow For Taxes and Insurance- Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, tort or shall pay to the Mongagce at the time of paying the -inorithlN installments of principal and interest,
<br />O,e.tw,ifth Of the yearly r&Xe, snena:. hazard insurance premiums. and ground rents (if Day) which may atlair a
<br />priority over this Mortgage. ail as reasonably estimated from time to time by the Mortgagee. The amount-,, so paid shall he
<br />hod by the Morttimpe without interest, and applied to the payment of the ,tens in respect to which such amounts were
<br />dieposiWd- The s uuvs, paid to Mortgagee hereunder are pledged it additional I,+Turny for Me -ecured by this
<br />Nuntgage, WirtgagurAsall pay to .engage„ thi ann'tunt of any hctiIvecu tjlp RI'!Ua3 ',a-NeS. alj.e,,rncnlS. !"LSUTaI14'.•
<br />mnalm anTl groun=d mnu, and the deposo, hereunder within III da", Drier deTnail'i. 1s maid, upf.n
<br />payvwnt Hoare at.
<br />6. qvpatr. maunteftaoct and Use, f,', pt sap 'lY repmr, rvl iii or "'imi"I Itn\ 1builoing, ot )111 l:) rove men L, 110:v OT
<br />istr •rvort'kq tut, the Noperiy ; 1"i keep ',he Profwrf, In v pD
<br />glie�-d cumfition znli Y-,-- ir. AllherUi era t,,, and fiv, tTont m.,"
<br />"r ;x,Trnt an, =ul,w! If' -1,3a1 I., 01110W
<br />,- TTpAIT ,U A,`_ AI'd 1. np , .0� ,,I!
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