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85-- 004020 Account No.
<br />OPEN -END REAL ESTATE MORTGAGE
<br />Richard,..F,..W_rner and Maureen A. Werner, Husband and Wife .. .......... , heremlifter
<br />called the I'Mortgagur ". d . na_reF, inortgae. ' t, C, •,ng..)r ,. I ,en .,ute:
<br />Lot Twenty Eight (28) Kentish Hills Subdivision, located in the South Half of the
<br />..
<br />Northwest Quarter of the Southwest Quarter (SkNW-�SW4) of Section Twenty Five (75)
<br />Township Eleven (11) North, Range Ten (10) West of the 6th P,M., Hall County,
<br />Nebraska....... .._ ............................
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<br />,crt.nafter .ailed the•• \tort ga ge!• ", r cunsulerauon of the
<br />here mallet called the "pTrml � •+'•, :•• 8e11 Federal Credit Union,
<br />Ten Thousand and nq(100thp- - - - -.
<br />amount,_ financed by the'0 rtgager_r,_h.-._i-. `•, _ ._..IS 10,000.00
<br />I,;,• „.; :.,(..!uch ,,, hereby acknnwledt;ed•end in
<br />considerwirin of covc•n.unts and agree r.,en F, hero :naftci sr•I I. rYR
<br />PROMISSORY NOTE: This mortgage is given to secure payment of the .mount t,r,yncrrl rC;9(.rtm, w,d, ,Merest, according to the terms of
<br />the Mortgagor's promissory note of this date
<br />ADDITIONAL ADVANCES: This mortgage shall secure any add:o.pnel amounts financed ?ogethv, w,th nterrst, which may be. made at the
<br />mortgageee's opaon at any mine b,elo,e the release of this mot ?g:iye provided, the aggregate amou r? secured shall not exceed the maximum
<br />amount perm, led by law, except that )oth,nq herein coote< ,o shall be considered as Umrtmq the advances secured herein which are made to
<br />protect the security or made I, accordance with covenants co :,amid :n this mortgage. Any audit, ea7vanece with interest, made by the
<br />mortgagee to the mortgagors, or then successors ,n brie, for any purpose•, at any time before the release and cancellatwn of this mortgage, but
<br />at no time shall the aggregate principal amount secured by this mortgage, bung the amount due at any time on said original note and any
<br />addrt+mial advances mare, exceed the onglnai principal amount secured by This mortgage, be-,q the sum as set forth above, provided that
<br />nothing herein contained shell he considered as hmrbng the amounts that shall be secured hereby 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 that the MurTgagoi 15 tawtully scored of the premises, that rya he rear is and
<br />are free from encumbrances. that Mortgagor has good, right and lawful authorrry to convey the pn'mrSes, and *hat the Mortgagor
<br />will defend the title against the lawful clams of all persons whomsoever, except - - -' -' -'
<br />Subject to first mortgage held byFQuitabl.e Building and Loan Association_.
<br />APprox. balance $33,200.00
<br />OWNERSHIP: ti there is any ct -nge r, the ownership of The prom, u•s t ; sale or oth. wise, then at the elechon of the Mortgagee the unpaid
<br />balance of the amount Einar. ed mcudmg iddrnooal amounts I nanced together with t_rrrat she. become due and payable at once without
<br />demand or notice
<br />INSURANCE AND TAXES: The Mortgagor shall nraullain fire., windstorm and exten.(ed coverage Insorar,ce upon the premises in an amount
<br />not tens than the indebtedness due the Mortgagee with a toss - payable cla;;se In favor of 'Aoitgagce The Mortgagor agrees not to commit nor
<br />De h. swste
<br />on the Pnrmrses. The Mot tyagrr •,hall pay all The taxis, levies and <,ssessmeI s upon the premises before they become delrnyuen[.
<br />In the event the Mortgagor shall fad to obtan mswnnce nr oily taxes and other ,tens before dcimquent, the :vf pr tyagee may etcher pay them,
<br />creating a hen ;<,cure.d hereby in, the amnu,•t•. sr� advanced uxry'pter ia•rth •nter,nr it I,- muai ......enrage •ate of twetve le, cent 112 ".ti); or
<br />consider Mortgagor n delauit
<br />DEFAULT: The M.,rgeno, ,; ,„ c t r l ,,; t t arry -,l t h s a I ...... l i t .. • f t .s , t t Ja cr 7i,v l mews -s or notes secured hereby are
<br />breached. Upon detau•t. the M11119-We .vitho�t cje_,,nd or v;l cr• maV .H.c arc mi try deb. .i. r. c. v ,. s riot htm)t• due at once and may
<br />foreclose this mortgage tut rhr• ;a :�sL,rt�or thereof
<br />RENTS: Ail -il<. end prul. s der veil I,om the ..tern •,es are t y --j,, _.d to ;he t1 y 7 po•. I .dt •..,ch ,eats and p'o'rts shall be
<br />paid duncgy to the Mor,gegr r. to trr tool ed aua,r tit the „rips d b- t+nc. T y e f ed :e, .s s -o t - bV tog. tl e.. with merest. Upon
<br />def—il The Mu,tyagee shall be c, nT :rd T,, inreed se•sl Ul of th t s. 17u 1) )o "t", - l to t in r lvtor tg, le and its
<br />assigns and successor, h•5 nnronev � d 1 to , .il ,an atle ., .r1 mar• te.� � .. rn ,. .0 Au ,, e w h'i. �� orryayur 1,;ith, agri'e5 Io pay
<br />said i'll —rev it :e ueale,• fee 'u, . ,c .... .i .
<br />1 th :tutus[ 1985
<br />_.
<br />kiclaatd F. Werner
<br />X
<br />Mallr6en A. Werner
<br />st,%It uh Nebraska
<br />1.
<br />Co%%,N UI. Hall 1
<br />,,,.I I 1 1, 1 r ., .1 ,ni, ,,ia :n, pe..nnally carne
<br />Richard F. Werner and Maureen A. Werner
<br />.,... I 1-� 11 11 g rn.inm,Tint and ucknowl-
<br />IBM, ~ -seeks at *"ill* ". their
<br />MYComE.PMir -14106 S Aucust 1?. 19 $).
<br />..,, I'.,i I.,.
<br />s.fy !'<. cer,iss�.in I' at'.r.
<br />March 10, 1986
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