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MORTGAGE 85 001411
<br />This Mortgage is entered into between -BERNARD-,!. BOCKERMAN AND ARLENE
<br />F BOCKERMAN, HUSBAND AND WIFE_ - - -_- - —
<br />(herein "Mortgagor ") and
<br />CITY NATIONAL BANK AND TRUST COMPANY, HASTINGS, NEBRAKA
<br />,.rein "Mortgagee ").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 249.000 00 _ ,evidenced by Mortgagor's note
<br />dated �LCL�1- �2. &.— _l_.8.85 (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable un.__ May 15, 1985
<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 __ _..,}:fall _- _._._____.__ County, Nebraska:
<br />The Southeast Quarter (SE14) of Sectior. Thirty -one (31.) in Township.Nine (9) North,
<br />Range Eleven (11), West of the 6th P.M., in Hall County, Nebraska.
<br />Together with all buildings, improvements, fixtures. ,trer•n, alleys, passageways. ras,.nwots. " his, Privileges and
<br />appurtenances located thereon ur m anywise pertainutg thereto, alui lhr nail. isues ;mil prollis, rnrr•rshons and rernaindees
<br />thereof; including, but not limited Lo, heating and coaling eyuipnienl and such personal property that rs attached to the
<br />improvements so as to constitute a fixture; all of which, mcludhng replacements and additions Ihrrc•to. c, hereby declared
<br />to be a part of the real estate srctored t,y the lira of ihi, Alorl ,,age and all of rho. fort ba•Ine referred to herein as the
<br />"Property.
<br />Mortgagor further ronvenants and agrees, with Mortgagee, as follows
<br />Payment. To pay the rndehtr•dness ,rod the intere,i thereon as p ro%ided is the, yortgage Hold the Note.
<br />2. Title. Mortgagor is tha owner of tilt, Property, has the right and aulhonly to mortgage ille Property, and
<br />warrants that the lie.. created hrrru >V a first and prior lien nn the I'ropertl. -, epi as was otherwise It, :,,.I forth herein.
<br />i ) The Prtperty ie subject to a Morigage wherein
<br />is the Mortgagee, recorded at i3,rok Pape ui the, Morlgag,• av, ord, of
<br />Nebrattka, which Mortgage is a lien prior to the lien created hereh% _ County,
<br />Other prior Bells or arse +lmhranres_
<br />3. Taxes, Asowsooment& III pay ,viten ihlo all ta� <r,. Spacial ;unrs.mrnl; aoct all other ohar�< :;shut the PropeeB,y
<br />and. upon written demand by Mortgagee, to odd fo the payment raylnred uudrr Ihr .'tote •cured he n hy, ouch amount as
<br />may he sufficient to enable the mortgagee to pay ouch taxes, a1111essrnenra or oilier charge,, as ilil-V hecunte fill,..
<br />4. lnwrance. '1'o keep ;hr iruprovenwirtn ❑ow or hereafter located on Ilia real r,tata d— rrMv] hrranl Insured
<br />inlet d,arnRge by fire and Such outer ha?,nds tea Mortgagor hnac require, in amounts and t, itll I mpalale, acceptable to the,
<br />Mortgagee. and with hhol payable 1,, the ?loci gage,. In rt e of la•;< unrlei r.ue ih pulira's the .ttr,ri gages is authaei7rd to
<br />proc t, eealiert and compromise, in Its aliscmnon, ail rl:altw, ther,ruodvr at tls '"I" nptintl. :enllhnnirrl tueilheralllrly the
<br />ds to the rrns%atiun of ilia f "roperty nr upon tie indehlydnes, "'cured Ilarehi, . but paymentshcreuntiersha11ran
<br />Gins until the snlrtw ccurtal herehv� an• paid ill fill,.
<br />g. J F; ow For 'faxes sod Insurance. Nolwilbstamimg anything vnntalnl-d ill humor to the
<br />rtrtttrary, Mortg a >r shall lsay io th,• Mortgafive at the little of paving Ilia munihly nlrlalhltenia of principal and iFILumst.
<br />cane - twelfth of the yearly lax ,.s ameamtnenls, hatard ntsuranc,, prrmnnn" arid ground rvIIIN Iif tiny ) whh•h ntav al.tain a
<br />priont.y over thix hlortgag,�, all Is reasonHbly estintatcd from lime fa bole by Ihe' 4lorigHplar. fhe arnattIlk �,u paid shall he
<br />held by the Mfwgagg*e Without Intrri'v and apf -ho'd ill Ili, Iravilwof ,f ihc• Iwill, Ile IvNpacl la "hwh Soth atilmontl, were
<br />pa tf`d. ThP %urns paid Io 41tre4 at „ee• here•Ilnr;wr are ple,iged ax adtiifinual —chit fls the nldebfe,tae:,, •vcur�•d !,V thin
<br />Mortilar. milaglogor whall P%V fn t !gtaga•e• the 3MIA1111 t +I';lm dr6c15•m r balwren the• as Ith +l rHxea, as_ees %ntr•te @,, insraraner
<br />paemiu"M and Krrarinvt rnnf, and fhr 0"p,.,tf- ho,wundcr %%Ilftm Ill dap tflar donraa,l made• uflul, iturlpclgor ecquraling
<br />pall"W rt thercrr$.
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<br />herrafter op the larrvtsa[b`; to kr,•tr Ihe• Pr rparh, ut g ) if ,,;neiil i .giIri rIpaIt. 1aI Ill, 'Ill 'k s la in l fiv lino eon hauic, ur
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