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MORTGAGE $$... 042238' JO IF CHECKED, THIS MORTGAGE SECURES FUTURE ADVANCES. THIS MORTGAGE is made this 7th day of May .19 _ 85 , Husband & 'rife John A- & Laonst - MI I I ' - (herein 'Borrower "), and the Mortgagee, Rn r aahn I A ]ansnna Corporation , a corporation organized and existing under the laws of Delaware, whose address is 219 North Locust Street E PO Sou 1614) Grand Island, Nebraska 60602 (herein "Lender "). IU feMawbB pntgraFY preceded by a cbeeked box Is opplileable: 0 WHEREAS. Borrower is indebted to Lender in the principal sum of U.S. $ i which indebtedness is evidenced by Borrower's Loan Repayment and Security Agreement dated and extensions and renewals thereof, including those pursuant to any Renegotiable Rate Agreement, (herein "Note "), providing for monthly installments of principal and interest at the rate specified in the Note (herein "contract rate ") (including any adjustments to the amount of payment or the contract rate if that rate is variable) and other charges payable at Leader's address stated above, with the balance of the indebtedness, if not sooner paid, due and payable on It WHEREAS, Borrower is indebted to Lender in the principal sum of S 22.300.00 , or so much thereof as may be advanced pursuant to Borrower's Revolving Loan Agreement dated 05/07/ and extensions and renewals thereof (herein "Note "), providing for a credit limit of S 2s 300e Od and an initial advance of $ _2210-300-00 , TO SECURE to Lender the repayment of the indebtedness, including any future advances, evidenced by the Note, with interest thereon at the applicable contract rate (including any adjustments to the amount of payment or the contract rate if that rate is variable) and other charges; the payment of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this Mortgage; and the performance of the covenants and agreements of Borrower herein contained, Borrower does hereby mortgage, grant and convey to Lender the following described property located in the County of Uslj State of Nebraska: Lot Three (3) Block 'Twenty '41wo(22) ,tacker & 'P:.arrts Second Addition to the City of Grand Island, hall County, Nebraska. has the addr oP ��a "des»tty C'rt+ ®� Rtr€® __ .®e__ T�l�rtet l5trttetp �tcityl = b��?�t. (herein "Property Address "); (110 rime) TOOFTHFR with all the improvements now or hereafter erected on the property, and all casements, rights, apporleafrKin and teats, all of which shall he deemed to be and remain a part of the property covered by this Mortgage; and aH of the foregoing. together with said property (or the leasehold estate if this Mortgage is on a leasehold) are hereinafter referred to as the " Property." Borrower covrnants that Borrower Is lawfully seised of the estate hereby conveyed and hag the tight to mottgaae, grant and convey the Property, and that the Property Is unencumbered, except for encutubtances of record. Norrower covenants that Borrower warrants and will defend generally the title to the 11t4iprriv agnow all Hain,% ,slid dctnandl, 00 *1 to encumhtancea ttf ictuid. "000 It OW 11 W4 ... .