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1 i. fi a CORRBCTIVE MORTGAGE 85'_0027 .40 This Mortgage is entered Into between _ SchtmDan a 5 Sales & SeYil] Ce, Inc Five Points Bank (herein "Mortgagor ") and —�_ _(herein "mortgagee" ). MOrt$Wf is indebted to M principal sum of 32,780.00 Mortgagee in the $ , evidenced by Mortgagor's note dated 19 19!33 (herein "Note" ) providing for payments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and payable on._ Amt 19, 1986 To secure the Note, advanced b Mortgagee of the with interest provided therein, the payment of all other sums, with interest, y ortgypee to protect the security of this Mortgage, and the performance of the covenants and agreements of the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described Property [orated in Hall °'---- -- - ----- County, Nebraska: The real property described on Exhibit A, attached hereto hereof by reference. and made a part This Mortgage is given to ratify and confirm a prior Mortgage frccn Mortgagor to Mortgagee dated August 19, 1983, recorded as TXxtansnt No. 83- 004510 in the Office of the Register of Deeds of Hall County, Nebraska, which Mortgage failed to recite the official capacity of Dale Schu f Mortgagor. PPan as President of Together with all buildings, improvements, fixtures, streets, allevs , Pseways, easements, rights, appurtenances located thereon or in anywise pertaining thereto, and the rents. i� aues and Profits, reversions and reemainders and thereof; including, but not limited to, heating and cooling equipment and such improvements so as to constitute a fixture; all of which, including replacements personal d additions iheretotis hereby attached be a Part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the ..party„ Mortgagor further conennants and agrees, with ,Mortgagee. a., follows: 1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note. 2• Titk• Mortgagor is the owner of the Property, has the right and authority to mortgage the Pro pert warrants that the lien created hereby is a first and prior lien on the Property, except as may otherwise be set foryth herein. d 0 The Property is subject to a Mortgage wherein __ _- 'a the Mortgagee, recorded at Book ._. - -- Nebraska, which Mort page-.... .._._ of the Mortgage Records of __....._ .._____ i is a lien prior to the lien created hereby. g County, b (Other prior liens or encumbrances:. �1