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<br />85-004136 Account No. 41471-0
<br />OPEN-END REAL ESTATE MORTGAGE
<br />James D. Good and Mqrjq�rie M. Good, Husband and Wife hereinafter
<br />---- ii�T e'�'.%I'or*t"ga' g"ur"' butt') mor t ga W t: t 1� c
<br />ca 'eai t,,T*a[•:
<br />Lot Eighteen (18) Imperial Village Third Subdivision to the City of Grprd Island
<br />................. I ............. ..................... .......................... ..... ... ... ................... ...... ..................
<br />...Hal.1 C.omn.tv ....... N.e.b k. a.. . I I .............. . .... .. ......... ....................... ............................
<br />�e're`i'naft'cT c-a-fi-c"d 't 'he _'pr' 'c'ni'i*q'*c'*.q""'.*'It")", sell'Fed'er' 'Cr..
<br />Credit Un hereinafter call�d th*e"k�rtgag'c'�'*"",,-*,*-�r')*'*c-,,,"n,-s*'I'd"e'r-,a*'t*i'"o"n""o"f"t'*h"e,
<br />amount, financed b% the Mortgagee in the sum of and no/100t s - - - - -- 7
<br />- - - - - - -- - - - - - - - - - - -
<br />.. ..... ... I ... ............. .... .. ............ ....... (s 20,00
<br />-f Iuh is hereby acknowiedged,and in .00
<br />consideration of covenants and agreements hereinafter set
<br />PROMISSORY NOTE: This mortgage is given to secure payment of The amount f1na(1Cv(I 10gether with imerest, according to the Terms of
<br />the Mortgagor's promissory note of this date.
<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 nothing herein contained shall be considered as limiting [lie advances secured hereon which are made to
<br />protect the security or made in accordance 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, at any time 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 an said original note and any
<br />additional advances made, exceed the original principal amount secured by this mortgage, being the m as set forth above, provided that
<br />nothing herein contained shall be considered as limiting the amounts that shall be secured hereby when advanced to protect the Security or in
<br />accordance with convenarits contained in the mortgage.
<br />WARRANTY: The Mortgagor hereby covenants with the Mortgagee that the Mortgagor is lawfully seized of the premises, that the premises
<br />are free from encumbrances; that Mortgagor has good, right and lawful authority to convey the premises, and That the Mortgagor warrants and
<br />will defend the title against the lawful claims of all persons whomsoever, except, . ......... .. ..... .. . ...... ... ... .. ........... ............
<br />J�ubj!e!;t.. to . First. MqTtgage held by Fi rst Federal Saving and Loan
<br />.4p. p?�q?; Balance $.26.,400,00..
<br />OWNERSHIP: It there is any change in the ownership of the premises by sale or otherwise, then at the election of the Mortgagee the unpaid
<br />balance of the amount financed including additional amounts financed together with interest shall become due and payable at once without
<br />demand or notice.
<br />INSURANCE AND TAXES: The Mortgagor shall maintain fire, windstorm and extended coverage insurance upon the premises in an amount
<br />not less Than the indebtedness due the Mortgagee with a loss-payable clause in favor of Mortgagee The Mortgagor agrees not to commit nor
<br />permit waste oo The premises. The Mortgagor shall pay all the taxes, levies and assessments upon The premises before they become delinquent.
<br />In The event the Mortgagor shall fail to obtain insurance or pay taxes and other liens before delinquent, the Mortgagee may either pay them,
<br />creating a lien secured hereby to, the amounts so advanced together with interest at The annUdl percentage rate of Twelve per cent (12%); or
<br />consider Mortgagor in default.
<br />DEFAULT: The Mortgagor is in default it any Of the terms and conditions of this mortgage of the prwro,sory AP_ or notes secured hereby are
<br />breached. Upon default. The Mortgagee vithout demand or notice may declare the ur,trL debt sec,,,,!d by ibis mortgage due at once and may
<br />foreclose this mortgage for the satisfaction thereof.
<br />RENTS: All rents and profits derived from The promises are hereby assigned to the Moruiaq,av and upon delault such Terris and profits shall be
<br />paid directly to the Mortgagee to be applied against the unpaid balance of any drul all advances secured hereby Together with interest. Upon
<br />default the Mortgagee shall be entitled to immedralq possession of The premises. The 0.0ourigagui uvocably appoints the Mortgagee and its
<br />assigns and successors his attorney in fact to tent, manage and endleldtfi the premises as it deems best, and the Mortgagor further agrees to pay
<br />said attorney a -,,asonable fee 1., such scces
<br />SIAII ()I. Nebraska
<br />Hall
<br />21-,t ........... ..... 19
<br />. . ... ........ ....
<br />X mes D. Good
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<br />......... .........
<br />Mir, rjorieM. Good
<br />li,•l I - :, - .1 V- I , , 10•4 1- paid persnnally came
<br />James D.
<br />Good and, Marjorie M.
<br />GoQdr
<br />Hqqbapd qpq.,Ajfe
<br />. .........
<br />g, g in, Iturocrit and acknowl-
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<br />UWM M AIN -21019 40 "@iThe
<br />�CONNIE E OSTERMAN
<br />AW Cam Elp, mar. 1111, to"
<br />71".O�d . . . ... ......
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<br />nr_m. , "on March 10,
<br />1986
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