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<br />000125
<br />MORTGAGE form tto
<br />abide jnbC tUrt, lade and Executes! this 12th day of December A. D 84
<br />by and between Ralph E, Yi,llelmi and Patty Milhilmi _.._
<br />patty of the &vt pact,
<br />am] The tamaha National Sank Grand Isladd ps,.ny of - put
<br />WITNECcETH. that the said part y of the first part, for and In consideration of f $_ 59,217x07 -,Fifty Lim
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<br />Thousand T Hundred Seventeen and 07/ 100-------- -------- -- ------- -- ---- pyGUARg, � by ttsi party On
<br />sceaKSd part. the rect•ilit whereof is hereby acknnwleiiged, has granted. bargained. sold and conveyed. oW by thate
<br />dors grant, bargain, sell and convey, unto said parry i f the see". d par. the following described real propertty ate In the
<br />County of hall and State of Nebraska. to -wit:
<br />A tract of sand containing .27Acres located in the Southwest Ouarter (SWt) of Section Thirty Four (34),
<br />Township Twelve (12) north, Range Ten (10) Hall County, Nebraska. More particularly-described on
<br />attacked Exhibit A.
<br />together writ all the tenements. hereditaments anal appurtenances to the same belonging, and " the estate, outlay dGWor
<br />right of homestead, claims and demands whateciever of the said party of the AM part of, in or to maid preaalm or nay part,
<br />thereof: iaml said party of the first part does hereby covenant, that said party of the first pan Is !awfully selsed of maid ptamt-
<br />ime3. that sail prenase at tree lento incumbrance and that said party of the first part w-ul warrant and !ffi t the title to said
<br />pt.•mis.s against the lawful claims and demands of all persons whomaoever,
<br />rROVIDED ALWAYS, and theme presents are upon these comdittons:
<br />WHEREAS. said party of the first part has executed and delivered to the said party of the n
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<br />promissory note Dated 12 -12 -64 in the amount rrciteC above and all renewals and e.:tenslons thereof.
<br />and whereas. the patty of the first part ham agreed to keep the buildings. If any, upon said premises. Insured in sane com-
<br />pany or companies approved by said party of the second part, for the full insurable valinagainst kua try fire and windstom wfih
<br />extemled coverage and deliver to said party of the -cc and part the policy or policies containing a standard mortgage clause with
<br />the loan payable to said party of the second part. or asregns. and has agreed to pay all taxes and assearriments against said prem-
<br />ises befoe a the same, by law, become delinquent, and has agreed that if said party of the first part does not provide such
<br />insurance, or fails to pay all taxes as aforesaid, then said party of the second part. or holder hereof, may pay such insurance
<br />and taxes, or either or them, and all amounts so paid by said party of the second part shall bear Interest at the ea:e of nine
<br />lrr cent per annum from the date of payment, and this mortgage shall stand as security therefor• and said turn may be
<br />:i•t.trd to the amount of the mortgage debt, and the same recovered as a part thereof. Now, If the said party of the first part
<br />Oh ti x•on and ertrly lacy or car— ta, be Loki the said aaarn A —wary in aid Mate.. . with interest thereon aeeQr>3-
<br />ing to thr tenor and eRect of said erode and rh•t ?l keep said tuVelings Insured efrsrcasid, and --ban keep all taxes and
<br />assessments paid, and shall duly keep, and perform all the other covenants and agreements herein contained, then these
<br />pre Sa rits to be null and void. But if said sum of money or any part thereof• or any interest thereon. Is not paid when the same
<br />is aloe, or it said buildings shall not be kept Insured as aforesaid, or if the taxes atad sarseastrients against held premises we
<br />not paid at or before the time the same become by law delinquent• or if said party of the first part Noll fail to keep and
<br />l,er!orm any cotenants herein contained the holder hereof shall have the option to declare to whittle of old indebtedness dux and
<br />pa., able at any time after such failure nr default, and may maintain an action at law or equity to recover the same• and the con.
<br />mencement of such action shall be the only notice of the exert ire of said option required.
<br />AND IT IS FURTHER PROVIDED AND AGREED, That the said Mortgagor stall and will pay all taxes levied upon this
<br />m,irigage or the .lebt secured thereby, together with any other taxes or assessments which may be levied under the Laws of
<br />Nebraska. against the said Mortgagee or the legal holder of the said principal note. ...........on account of this Indebtedness.
<br />AND IT IS FURTHER PROVIDLI) AND AGREED, that the undersigned Mlort( agora covenant and agree with the Mongaget
<br />the: ,one of the condm,ms for making, this !,ton is that the Mortgagors do and sit continue to, own an occupy the real estate
<br />herein des, nt-d as the personal nri—t, dwelling of the mortgagors so long as this mortgage and the said note secured hereby. or
<br />are; pet= ihereni. remains u.pr.d. If at any time. while she mere age is in effect and the note for which this mot age is iven as
<br />seeuraty. r,, »ny part thereof. remain, unpaid, the undersigned crtgagors sell or convey the teal estate herein crthe�, or saw
<br />past thereof. or the Mortgagors do not have or cease to have title to said real estate or any part thereof or coats to Persenally
<br />auN the ,aid real estate as the oTi we dweiitng of the undersigned, than and in any such events, the MartR a array. at its
<br />•+Wr %. do, — the unpaid vnircipol balance. and interest, of the note secured hereby immsdiately dye and payable.
<br />N Mr,""' Loup Wbertot,
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