|
<br />MORTGAGE
<br />
<br />83-001881
<br />
<br />mIyis ~tt~tttfurt, Made and Executed this
<br />
<br />by and between Ronald C. Schooley
<br />(husband and wife)
<br />
<br />and Platte Valley State Bank & lrust Company
<br />
<br />13th dayof ArY'i' A,D,' Q8,
<br />and Carol A. Schooley
<br />
<br />party of the first part,
<br />
<br />party of the second part,
<br />
<br />WITNESSETH, that the said party of the first part, for and in consideration of ----Twp.nty Five Thousand and
<br />
<br />nol 100________________________________________$25,000. 00 DOLLARS, paid by said party ofthe
<br />second part, the receipt whereof is herehy acknowledged, has granted, bargained, sold and conveyed, and by these presents, does
<br />grant, bargain, seU and convey, unto said party of the second part, the foUowing described real property situate in the County of
<br />
<br />Hall and State of Nebraska, to-wit:
<br />
<br />SEE ATTACHED SCHEDULE
<br />
<br />
<br />together with all the tenements, hereditaments and appurtenances to the same belonging, and aU the estate, title, dower right of
<br />homestead, claims and demands whatsoever of the said party of the first part of. in or to said premises or any part, thereof:.and
<br />said party of the first part does hereby covenant, that said party of the first part is lawfuUy seized of said premises, that said
<br />
<br />premises are free from incumbrance except easements and restrictions of record
<br />
<br />and that said party of the first part will warrant and defend the title to said premises against the
<br />
<br />lawful claims and demands of all persons whomsoever
<br />
<br />PROVIDED AL WAYS, and these presents are upon these conditions:
<br />
<br />WHEREAS, said party of the first part has executed and delivered to the said party of the second part one
<br />
<br />promissory note in thF! "rr'nllnt of $2'5.000.00: to include any new notes. advances.
<br />extensions, or renewals.
<br />
<br />and whereas. the party of the first part has agreed to keep the buildings. if any. upon said premises. insured in some company or
<br />
<br />companies approved ~y said party of the second part, for the sum not less than TlOLLARS.
<br />and deliver to said party of the second part the policy or policies containing a clause with the loss payable to said party of the
<br />second part. or assigns. and has agreed to pay all taxes and assessments against said premises before the same, by law, become de-
<br />linquent, and has agreed that if said party of the flTst part does not provide such insurance, or fails to pay aU taxes as aforesaid,then
<br />said party of the second part, or.holder, hereof, may pay such insurance and taxes, or either of them, and all amounts so paid by said
<br />party of the second part shall bear interest at the rate of nine per cent per annum from the date of payment, and this mortgage
<br />shaU stand as security therefor, and said sum may be added to the amount of the mortgage debt, and the same recovered as a part
<br />thereof, Now, ifthe said party of the first part shall well and truly payor cause to be paid the said sum of money in said note _
<br />mentioned. with interest thereon according to the tenor and effect of said note_and shall keep said buildings insured as afore-
<br />said, and shaU keep aU taxes and assessments paid, and shall duly keep, and perform all the other covenants and agreements herein
<br />contained, then these presents to be null and void, But if said sum of money or any part thereof, or any interest thereon. is not paid
<br />when the same is due, or if said buildings shall not be kept insured as aforesaid, or if the taxes and assessments against saidprem-
<br />ises are not paid at or before the time the same become by law delinquent, or if said party of the first part shall fail to keep and
<br />perform any covenants herein contained. the holder hereof shall have the option to declare the whole of said indebtedness due and
<br />payable at any time after such failure or default, and may maintain an action at law or equity to recover the same, and the com.
<br />mencement of such action shall be the only notice of the exercise of said option required,
<br />
<br />AND IT IS FURTHER PROVIDED AND AGREED, That the said Mortgagor shall and will pay aU taxes levied upon this mort-
<br />gage or the debt secured thereby, together with any other taxes or assessments which may be levied under the laws of Nebraska,
<br />against the said Mortgagee or the legal holder of tbe said principal note_on account of this indebtedness.
<br />
<br />~n 'IDtstinuntt! ~4mnf,
<br />
<br />We
<br />
<br />hereunto set
<br />
<br />
<br />IN PRESENCE OF
<br />
<br />155
<br />I
<br />
<br />On this 1 ith
<br />
<br />STATE OF NEBRASKA,
<br />
<br />
<br />before me, a Notary Public in and for the said County personally came to above named
<br />Ronald C. and Carol A. Schooley, Husband and Wife
<br />
<br />
<br />___ who~__---personaUy known to me
<br />
<br />to be the identical personJL.......__whose namd3~~ affixed to the above instrument
<br />
<br />as grantor---.S.-.......-_~.and ,____acknowledged said instrument to be_their
<br />voluntary act and deed, //
<br />
<br />WITNESS my h the date last aforesaid,
<br />
<br />.A,D.jliJ~_
<br />
|