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85-001645
<br />Account No. 41634-0
<br />OPEN-END REAL ESTATE MORTGAGE
<br />Kenneth R, Niehaus and Marianne R. P_ Wife
<br />does iIC,VhV moi-tgag, T�!C .............. I ..............
<br />called the "Mortgagor' Nieti4Ms, Husband
<br />Lot Three (3). In& de,cnbed ,,i hereinafter
<br />. .......... ........... i.n.B.1..o.c.k Fourteen e Fair
<br />View ... P-a.rk Addi ti.,n. to the. C.i.t.y.
<br />.Grand Island, Hall Co un ty, Nebraska ................
<br />.................... ....... . ................... .................. .......... _ ................ ........ ....................... .
<br />hereinafter celled the '•premises ", to - ----------- * --------- ------ -
<br />............... . .......
<br />sell Fedor I.Credit �mon, hereinafter called the "Mort gagee, in consideration of the
<br />anxount. financed hi. the Mortgagee in the �urn of Six Hundred
<br />- - - - - - - - - - - - - - ---- SeYeP�Y7 �Iqr,7! and p9
<br />. ................... .... I ....... ............. 516 7 2. 09
<br />consideration of covenant, and agreeni is.
<br />h'e'reinaii'er sel" (,receipt it tvfnch is hereby acknowledged and in
<br />eni, Iyfe
<br />PROMISSORY NOTE: This is mortgage give
<br />. �o to secure Payment of the amount financed together with I,
<br />the Mortgagor's promissory note of this date. Urest. according to the terms of
<br />ADDITIONAL ADVANCES: This mortgage shall secure any additional amounts financed together with interest, which m,-. he made at the
<br />mortgagee's option at any time before the release Of this mortgage provided, the aggregate amount secured shall not exceed t to maximum
<br />amount permitted by law, except That nothinq herein contained shall be considered is limiting the advances secured herein which are made to
<br />Protect The security or made in accordance with covenants contained in this mortgage. Any
<br />additional advan
<br />mortgagee to the mortgagors, or their successors in litfe, for any Purpose, at any time before I ces, with interest, made by the
<br />he release and cancellation of this mortgage but
<br />at no time shall the aggregate Principal amount secured by this mortgage, being the amount due at any time on said original note and any
<br />additional advances made exceed the original principal amount secured by this mortgage being the sum as set forth above, provided that
<br />nothing herein contained ;hall be considered as limiting the amounts that shall be secured mortgage, when advanced to Protect the security or in
<br />accordance with convenants contained in the mortgage.
<br />WARRANTY: The Mortgagor hereby covenants with the Mortgagee trial the Mortgagor Is lawfully seized of The premises, That the premises
<br />are free from encumbrances; That Mortgagor has good, right and lawful authority to convey the premises, and that the Mortgagor warrants and
<br />will defend the title against the lawful claims of all Persons whomsoever, except ..............................
<br />............................
<br />....... .... .............................
<br />Subject to First .,.M9rqage .4e!d..by
<br />A fox Balance 3010110.0....
<br />OWNERSHIP: It there is any change in the iwnership of the premises by sale or otherwise, then at the election of the Mortgagee the unpaid
<br />balance of The amount financed including additional amounts financed to with interest shall become due and payable at once without
<br />demand or notice
<br />INSURANCE AND TAXES: The Mortgagor shall maintain fire, windstorm and extended coverage insurance upon the premises in an amount
<br />not less than the indebtedness due the Mortgagee with a loss•Payable clause in favor of Mortgagee. The Mortgagor agrees not to commit not
<br />Permit waste on the Premises. The Mortgagor shall Pay all the taxes, levies and assessments upon the premises before they become delinquent.
<br />In the event the Mortgagor shall fall to obtain insurance or pay taxes and other liens before delinquent, the Mortgagee may either pay Them,
<br />creating a lien secured hereby for the amounts so advanced together with interest at the annual percentage rate of twelve per cent 112%1; or
<br />consider Mortgagor in default.
<br />DEFAULT: The Mortgagor is in default if any of the terms and conditions of this mortgage or the promissory nov- or notes secured hereby are
<br />breached. Upon default. the MOargagee vithout demand or notice May declare the entire debt secured by 11 Is -
<br />foreclose this mortgage for the satisfaction thereof. mortgage due at once and may
<br />RENTS: All rents and profits derived from the Premises are hereby assigned to the Mortgagee and upon. default such rents and profits shall be
<br />paid directly to the Mortgagee to be applied against the unpaid balance of any and all advances secured hereby together with interest. Upon
<br />default the Mortgagee shall be entitled to immediate Possession of the premises. The Mortgagor irrevocably appoints the Mortgagee and its
<br />assigns and successors his attorney in fact 10 rent manage and maintain the Premises as it deems best, and the Mortgagor further agrees to Pay
<br />said attorney a reasonable let, for such services. '
<br />STATF, OF . N,,ebraska
<br />"17
<br />sign,:,. It— 29th March
<br />.... . ............................... - 19 85
<br />X
<br />Kenneth R. Niehaus ...........................
<br />- -- - ---- ----------------- --------- —
<br />Marianne. R. Niehaus
<br />.. .............._......_._..-..-•--------
<br />. , V 'I Jr , Pi!!,! c Ih!:.:,4 I— 'a'd _ nfv, Personally came
<br />Kenneth R. Niehaus and Marianne R. Niehaus
<br />. . ... ..... ...............
<br />ng in, •unicrit and ackincilirl•
<br />J lr,c their 0-111.111 act and decd.
<br />I.SS ;.wd .-d - M -4 h 9
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<br />My C-alrell-11,1- lisn uc,. March 10, 1986
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