|
<br />I
<br />
<br />s~=-O() 112 i
<br />
<br />MORTGAGE
<br />
<br />
<br />This Mortgage is entered hito between
<br />
<br />Hm,h,.nrt.. and r.tl.fa
<br />FIVE. POINTS BANK
<br />
<br />Elton W, Luebs and 'Virginia A. Luebs,
<br />
<br />(herein "Mortgagor") and
<br />(herein "Mortgl!gee "),
<br />
<br />Mortgago, is indebted to. Mortgagee in the prineiPJI sum of $ '1 S 0 ,noo no , evidenced by Mortgagors note
<br />
<br />dated 3/2/83 (herein "Note") providing for payments ofprinciPJI and interest. with the balaneeofthe
<br />
<br />indebtedness, ifnot sooner paid, dIU! and payable 0" 8 / 2 9./ 83
<br />
<br />. . . MIlne Note, with interest as provided therein, the payment of all other sums, .with interest,
<br />by M~teet the security of this Mortgage, and the performance of the covenants and agr:.;ements of
<br />~tIl~l\~tl'tMortgagor does hereby mortgage and convey to Mortgagee the following desCribed
<br />
<br />property located in 11a11 County, Nebraska:
<br />
<br />The Northeast Quarter of the Southwest Quarter (N[~S,~) and Lots One (1), Two (2) and
<br />Three (3) in Section Thirty-six (36), Township Ten (10) North, Range Eleven (11) West
<br />of the 6th P.M., containing 176 acres, more or less. AND
<br />'The Southeast Quarter of the Northeast Quarter (SE~E~) and the Northeast Quarter of the
<br />Southeast Quarter (NE~S~) of Section Thirty-five (35), Township Ten (10), North, Range
<br />Eleven (11), West of the 6th P.M" except that portion heretofore conveyed to the State
<br />of Nebraska for highway purposes;,' and
<br />All that portion of the Southwest Quarter of the Northeast Quarter (SW~E~) of Section
<br />Thirty-six (36) and the Southeast Quarter of the Northwest Quarter (SE~W~) of Section
<br />Thirty-six (36) all in Township Ten (10) North, Range Eleven (11), West of the 6th P.M.
<br />that lies south of the tract conveyed to the State of Nebraska for highway purposes.
<br />
<br />
<br />Topther with all buildinp. improwments, flxt_ sU'Hts. alleys, P....y.. ease_nls. ri&bts. prl'llleaes and
<br />.ppurtenances located the....,n or in anyw..., pertailung thereto, and the rents,.....es and prolils, reftnions and remaindeD
<br />u..reof; indudillf. bllt not limited to, heaung and cool!... equipment and sucll pelSonaI property thalls attaehed to the
<br />impro_1a 10 .. 10 Wl\Sutllte a nxwre; all of wbich. mcluding ~nla .nd additions ~. is be",by dedaIlld
<br />to be a put of the real estate _wed by u.. lien of this Moi'tia&e and all of lhe fOftC,Oing being ",ferred to beIeln as the
<br />"Property",
<br />
<br />Mortpaor flutber oonvtmanta and ...-' with Monca&\"'. .. follo_:
<br />
<br />
<br />1. P:a)'lMftt. To pay tbe indebtedness and th. mtflela th..reoo as provided in this Martpge and u.. Note.
<br />
<br />2. TItle. Mor\pp is u.. owner of the Property. ha u.. ri....t lIIId authority 10 mortpp the Property, and
<br />warranla that the lien created lmeby is . nlSt and prior I",n on the Property. u~ as may otberwi8e be set forth heNin.
<br />
<br />o 1lu> Property is subject to a Mortpae wheretn ____
<br />
<br />Is the~. recorded.t Boolt ___ ,Pap _ of u.. Monp&t: ~rds of
<br />Nebrasb. wItidI ~ is .liea prior to u..llftl e1lIl&ted hel9by.
<br />
<br />o Otlift prlorlleDsol ~:___.___-.
<br />
<br />CoIIaty ,
<br />
<br />3. ....... .. 11 tt.. To pay when dUl! all _ ;;pedal _IS and all other cItaql!s aplast tbe Property
<br />..... lIpOII wd_ aem.d lJy ~. to add to u.. pay_Db required UDder u.. Note seeured hereby. sucll amount ..
<br />-r be IlIftldeat to...... the ~ to pay sudl '- _Ia Of otller clwps as they beeome doe,
<br />
<br />~ ~ To blip the im~ II()W ...' be....,. 1O<:ated on Ute real _lle dftcribed beMn i_red
<br />......... by Ike ud sudl o&bef haAnb .. ~ may NqUite, iB UIIOlIJIIS and with ~mpaniK """""table to u..
<br />........ and wUb. '- ~ 10 tile ~ In _ of 1_ uadN sudl policia the ~ is .utboNed to
<br />Idjuat, eCIIIect aDd ClIIIIpt'Cl8Ila iB it& d:IIaNioII. all d&UDs tbuewtder at lIS sole optloo. .uthori>>d to eiu..r apply tile
<br />..-. to the *'-tloa or the I"roped;J <X <IpOIl tha ~ uaued lweby. but paymeala be"'UDder aball COIl'
<br />__ _&tie _-.tlleNby _ _ia flIIl.
<br />
<br />&. a ...... ... TaM aM '- ~ aaytblaC oontalned in parapqIbs 3 ud .. b.reof to the
<br />--..,. .......... .., to the ...... at the tiaw of payiB& u.. _tbty i_tall_ala or prllldpal and in_"
<br />... ..... or Ule ,..., tua. -a. lIaowllDw_ preIIIl-. and puII1ld _IS (if ..y I w1aidl may .ttaiD .
<br />...... __ .........at . -...,.......... flam tiaw to ti_ by u.. ~, The amounts eo paid tllaII be
<br />llIIIll.., ... ........ ........ ..... aM IlIIIIItd to tha ~ or the (te_ III .....-L to wbidl sudl _Ia -
<br />......... __ _ .. ......... ......., _ lIlMIt4 .. MdlIiOllallleCUlily fOf the lndebtedn.. -"" by thls
<br />................,............ the..... or W' detldetlcJ be_ the aetuI taltw. _ta. 1_
<br />............... ___ the..... --...1IIdIiA 10'" aftft "--4 Is ... upoo MocttI8or ~
<br />........~
<br />
<br />.. ....... .nn r1 17 . ... To......,...... __ 01' NiMIIId ..y ll\tlIdlqI or illiJMO"81...... lIOW or
<br />..... _.. ........1.. DIp 1M ~ Ia... ~......... witlloMt ......Ilftd bee tIoIll ~'. or
<br />__... _.......,.l~ U It r 1.............,. _ to .... SlIIfft or pemIit any n.......,. to .Ql. not to dimln,
<br />".iIIIIIIItII ....... "".. ......, .., -.y ..:t or oalMiaD to ..:t: IIIld to t"OCIlPlY witll all ~ta of law wid!
<br />..... .... .........
<br />
|