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85-- 001693
<br />F MORTGAGE FORM 110
<br />Q;bio Jubenture, Made And Fxecuted thin 8th day of April A D 1985
<br />by An11 brlw(•cn Mei -Rub -Bill Holsteins, Inc.
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<br />party of the first part,
<br />And Tiu• untahn National Bank party of the second part.
<br />N'ITNESSFTH, that the said party of the dlrst part, for and In consideration of I s 300,000.00 t Three
<br />Hundred Thousand and no/ 100------------------------------------------- not.I.ARS, paid by said party of the
<br />nrcond part, the reevipt whereof is hereby neknoaledi;cd, has granted, bargained, sold and conveyed, and by these presents,
<br />dm•a grant. bargnin, sell and r.,trey, unto said intro) nt the errand lint, the following described real property situate In the
<br />County of — Hall And State of Nebraska, twit:
<br />Southwest Quarter (SWk) and West Half (W$) West Half (k4) of Southeast Quarter (SQ), 13 -12 -9
<br />in Hall County. Nebraska.
<br />n.g,•th.•r ori:h all the lenemeolA, hereditaments and appurtenances to the same belonging. and ail the estate, title, dower
<br />right of homcfha.l, rhdma and demmnds whntsomer lit the said party of the first part of, in or to said premlaes or any part,
<br />I hrrrof: and nnf.I party of the final part does hen•hy covenant, that said party of the first part Is lawfully seised of said pram-
<br />Itrrt pain I•?euttses :ere lire h,an incumb,-anre and that sRidparty of the first part will warrant end defend the title to said
<br />pi, mu•s ..I ::nn..l Ihr lawful (Inints and demands of all persons whomsoever.
<br />PROV1111- 1 ALWAYS, and these presents are upon these conditions:
<br />W11F]11FAS, raid party of the first part has executed and delivered to the said party of the second part a
<br />pr.rnulmanry nine dated April 8, 1985 and all modifications, renewals or extensions thereof.
<br />and whrrean, the patty of the first part has agreed to keep the buildings, It any, upon said premises. Utsured In Rome enm•
<br />pony or companies Approved by Bald party of the second part, f or the full Insurable vr::ue against lose by fire and windstorm with
<br />extrmlc• l coverage and deliver In said party of the second part the policy or policies containing a standard mortgage clause with
<br />the tars payable to said party of the second part, or assigns, anti has agreed to pay all taxes and assessments against said pt em•
<br />then before the name, by law, become delinquent. anti has agreed that It sold party of the first part does not provide such
<br />Insurance, or fails to pay oU Infirm An aforesaid, then snid party of the second part, or holder hereof, may pay such Insurance
<br />and taxes, or either or them, and all amounts no pall] by amid party of the second part shall bear Interest at the rate of nine
<br />per rent per annum from the date of payment, and this mortgage ehmll stand As security therefor, and said Awn may be
<br />added to the amount of the mortgage debt, and the same recovered as a part thereof, Now. It the said party of the first part
<br />shall well and truly pay or cause in he paid the Bald sum of money In said note............mentloned. with Interest thereon accord.
<br />Ing to the tennr and effect of Amid mdr and shall keep amid buildings Insured as aforesaid. and shall keep all taxes and
<br />nRnraamenls paid. And shall duly keep, ntul perform all the other covenants and agreements herein container], then theme
<br />pros, nit to he mill and void. Rut if .amid sum of money or any part thereof, or any Interest thereon, Is not paid when the same
<br />I-% dtw, or if said buildings shall not be kept Inmured no aforesaid. or If the taxes and assessments against sold premises are
<br />end IoM at or before the time the name become by law delinquent, or If said party of the first part shall fall to keep and
<br />perform any covenants herein comlainrd the holder hereof shall have the option to declare the whole of said Indebtedness due and
<br />pm) ahie tit any time after such failure or drinult, and may maintain an action at law or equity to recover the same, and the cum•
<br />ntearrment of such action shall be the only notice of the exere Lie of said option required.
<br />ANI) IT IS FVRTfirit PROVIDED AND AGREED, That the amid Mortgagor shall and will pay all taxes levied upon this
<br />mnrtgnge or [he dent secured thereby, together with any other taxes or assessments which may be levied under the Laws of
<br />Nebraska, against the sold Mortgagee or the legal holder of the said principal note . on account of this indebtedness.
<br />AND IT IS FURTHER PROVIDED AND AGREED, that Ibr underso�ned Mort RR�po�s covenant end a ere .efth the Mortgaxea
<br />?hot oar of file , mdrtlons for making thin loan in that the nlgmgorn n Rod will nnlinue to, own and n(rupy the real Pilate
<br />harem ,1ra. (died na the personal fill, ale dwellinr, of -he morlaagfors ao Inng as this mortgage and the amid note aecuted hereby, or
<br />any pact thereof, mmama unpmod, if of any time, winlr the moil Fagg is in effect And the note for which titan more� ante w efven as
<br />.r ,burnt rr win• ,. 1, rely rbP . ?n •f••r!¢ (tr;, roil r :..,n -.av l6e reel estate hereon de acrthed, or Any
<br />psrifthr r.•nf. ar�.i The Merlaagora do not hayP nr tease Io Imvr Title to aAld rPRI Patsre or any pen thereof or cosec to nersoadly
<br />..p,upy the aaod cord rotate an Ihr n n•nre dwelling of the undcrnrgnrd, then and in env such evrnin,the Mnrtgmgee may, at Its
<br />r mn. der tom the unpaid onnrlpal balance, and in l or al, of the note secured hereby immediately due and payable.
<br />N i9estimonp Wbereot,
<br />INPRESF.NCKOF M[1414-8111. HO!STfiNS, INC.
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<br />,, .%
<br />HY:. i�
<br />Ru en i. Meier, Fr, ident
<br />fl'PKfF: OF NF:IHtA:aKA. CIA this day of�.,_. ' V. isi,�.�..
<br />hrforP me, it Notary Public In and for On "AM County pPr Apnally emote the above
<br />P fitgfr.k4Wb7s#T�4tstrdbeMerla) .. _ .. -... ....._ wttn__d..5 .......Irrm(nmlly kmwn to "it ,'..
<br />ill
<br />fiENf T 51)!aR E a
<br />,t [r s h, be the otrnlh•nt pa,m n.., _who+(, na nor.. l.y,._._. ..RfftRr,t In the Above Inatturoont
<br />i@y (1rina4 lnfp 1!dy a Y. .I
<br />- as r.'" o,r anti A, hm— ledgrd ARM Instrument to br A,� .... _ -_.. v oluntary %,•1 mad dyed '
<br />WITNESS Illy hand Anil Notarial Sral lhr date Inez a1rrPAatrl
<br />. FJni A?y 11I kit Ic
<br />Vii 2 .. -_..J
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