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<br />j--W 004135 Account No. 90556-0
<br />OPEN-END REAL ESTATE MORTGAGE
<br />...R.o.b.er.t.E.o,.. W.a 1.k.e.r and _Ferrall Y.....Walk.er .,U � _hereinafter
<br />_H sb , and and , Wif * e
<br />called the "Mortgagor". dries hcr,V-, rowrig.ge 111c 1, raj. I
<br />Lot Five (5), in Block Twenty.-two (22), In Packer and Barr's Second Addition
<br />... ........ ............................................
<br />....
<br />to the City ...,o,f.,. Grand ...,Island, , HAIJ. County, Nebraska .............................
<br />hereito *a"*ft,00,r called 'T)re*ri I so, s I.+ Bell *Federal Credit Union her,_, I ;nafter called I If i I e I Mo . t . It - gag; . e in to . ns . I . d . era . t . i . on o . f .. I . he .
<br />aniount, financed hN zlic %lortgages, w if), uno .1 Thirteen thousand One Hundred Forty:7.Rine_..qnd...50/
<br />_ _ _ i .. - - .— and .... . j.qQt
<br />- - - - - - - - - - - - - - 13,149. 50
<br />.. ......... ........................... . - I - . - - . - .1 1$ - . -. - . �,f Much is hereby acknowledged. and in
<br />consideration of covenants and agl"CCTTIentc set frlh:
<br />PROMISSORY NOTE: This mortgage is given to secure payment of the amount financed together with interest, according to the terms of
<br />the Mortgagor's promissory note of this dale.
<br />ADDITIONAL ADVANCES: This mortgage shall secure any additional amounts financed together with interest, which may be made at the
<br />mortgagee's option at any time before the release of this mortgage Provided, the aggregate amount secured shall not exceed the maximum
<br />amount permitted by law, except that -,uthulu hereon contained shall be considered as limiting the advances secured herein which are made to
<br />protect the security or made ;oaccordance with covenants contained in this mortgage. Any additional advances, with interest, made by the
<br />mortgagee to the mortgagors, or their successors in title, for any purpose, it any lime before the 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 shall be considered as limning the arnOUnth that shall be secured hereby when advanced to protect the security or in
<br />accordance with converiants contained in the mortgage,
<br />WARRANTY: The Mortgagor hereby covenants with the Mortgagee that the Mortgagor is lav,otully se,zed of the premises, that the premises
<br />are free from encumbrance,.. that Mortgagor has good, right and lawful authority to convey the premises, and that the Mortgagor warrants and
<br />will defend the toile against The lawful claims of all persons whomsoever, -C,,vol, - .. , - .. Subject to
<br />First Real..Estatg, Mortgage hel.VbY Equitable..Building and Loan Association.... ......... ......
<br />Apgrox. Balance..$8,80.0.00
<br />OWNERSHIP: If there is any change in the ownership of the premises by sale c, otherwise, then at the elect,or, of the Mortgagee the unpaid
<br />balance of the amount financed nocludinq additional amounts financed together with rite-si shall become due and payable at once without
<br />demand or nonce.
<br />IN URANCE AND TAXES: The Mo,uWgu, hit, nni.ntdlr� f-r-, CISIOrni and elift-ded coverage s,.ce upon the premises on an amount
<br />S
<br />not less than the indebtedness due the Mortgagee with a loss-payable clause u, favor of Mortgagee The Mortgagor agrees not to commit no,
<br />pe—T waste on the premises Thl• Mortgagor ;hall pav all The fixes. I-es and dssess-Is upon the lt,em,se5 before they become delinquent.
<br />in the event the Mortgagor shall fail to ul)laur u,;,,,ce or pjoV Taxes and )the, wris befort• de:troiluo,,11, the Mortgagee may either pay them,
<br />creating a tie- secured hereby 'or The j,r I, %o advanced together in rite-sl aT the I 0d, ,ate Of Twelve OL-1 Cent (12%); or
<br />consi W Mortgagor n default
<br />DEFAULT: The Mortgagor the term, d rf ll,.s 'oultUdge. or the 111-1-JIv rl - notes secured hereby are
<br />tareach,cl. Upon clef-It, the Mortgagee Ihoul 'it-i'od I,ct may cx-iwe the do•bi se, u-0 by it % noruldrie due at once and may
<br />foreclose this ,o,t.qjq! I- the
<br />RENTS: All ^ i-I p,vlois do, ned f-11 the ore-s,5 are hereby to role MU11{idill-e and I3o i,10,11111 such -its and profits shall be
<br />paid d,,e,(Iv It, the Mortgagee I. tie ippoed difillo' St the tifif1d'd balance, of a.,y and air aefvei,ces eC,,,l.d h,.,,bV together with nie,esi, Upon
<br />default the Morigaije., sh,111 boi2 ti, olued.ju! p0svis"ol, IA the ...... ro"e" Tile Mortgagor "e—ibly ,pjr,t1 in,- Mortgage,! old Its
<br />assigns and successors his attorney •, f1 !o , ,t Ir.uJ(
<br />ge .1111 IT1,11W.0 Toil' ull"I'lles a, I deer", best, 'o."i the M-19a,lo, lurlher agrees to nay
<br />said all.11-y ... .... 1% -
<br />"Is t
<br />Aug;!,-q. 85.
<br />. . ..... .........
<br />Robert E, LJalker
<br />X
<br />Ferrall Y. War r
<br />SIAIF Of Nebraska . .. .... ...... I ........
<br />(-()1 %.1 1 y I I Hall ) 1}
<br />li", . 11 't, I -, , �! or Id —inly, personally came
<br />Robert F. Walker and Ferrall Y. Walker
<br />m,irrinictit -ind a,;knowl-
<br />nmft OPMR - $ltaff Go alto their 'I't and deed.
<br />COW40E L 09Ttow
<br />My Ciilitllia Esp. Nw. It IM
<br />6&W
<br />March 10, 1()86
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