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84.°-- tiO0898
<br />REAL ESTATE MORTGAGE
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />THAT MICHAEL. L. NE[lBERT and BI;IIJDA J. NEUBERT, Husband and Wife
<br />(whether one or more, herein called Mortgagor) of Hall
<br />County and State of Nebraska , in consideration of
<br />the sum of Forty-Five Thousand and No/100---------------DOLLARS
<br />in hand paid, do hereby SELL and CONVEY unto 7IIE OV~.L,AND NATIONAL
<br />c^;ANK OF GI~1ID ISLAND, Grants island, Nebraska (herein called Mortgagee).
<br />of Hall County, and State of Nebraska ,
<br />the following described premises situated in Hall
<br />County, and State of Nebraska to-wit:
<br />Lots One (1), 'i~+o (2} and Three (3) Neubert
<br />Subdivision, in the City of Grand Island,
<br />Hall County, Nebraska.
<br />The intention being to convey hereby an absolute title in fee
<br />simple including all the rights of homestead and marital rights,
<br />if any.
<br />TO HAVE AND TO HOLD the premises described, with all. the
<br />appurtenances thereunto belonging unto the said mortgagee or
<br />mortgagees and to its successors and assigns, forever, provided;:
<br />always, and these presents are upon the express condition-that.
<br />if said mortgagor or mortgagors, its, his., her or their heirs,
<br />personal representatives, successors or assigns shall pay or--
<br />cause to be paid to the said mortgagee or mortgagees and o its-
<br />successors or assigns the sum of $32,573.99
<br />Dollars presently advanced and the amount of future advances to
<br />the Mortgagor which together with the amount presently advanced --
<br />shall not exceed the total sum of ~5,~•~
<br />Dollars at any one time unpaid and outstanding, due_and payable,
<br />with interest, according to the terms of the,.mortgagor's promis-
<br />sory notels) referring to this mortgage-.and ,evidencing such
<br />advances, it being the intention and agreement,of the parties that
<br />the mortgagor will from time to-time :repay advances secured by
<br />this mortgage according to the terms-of ,promissory notels)
<br />evidencing the-same and the mortgagee from ,time to time may, at
<br />its option, make future additional advances-..and.readvancea and.
<br />renew or extend note(s) evidencing.outstanding indebtedness which
<br />shall be secured hereby; provided-only that he-total principal.
<br />amount of unpaid indebtedness secured: by this mortgage shall not
<br />at any one time exceed the maximum amount above stated plus any
<br />advances to protect the security.. The mortgagor stall pay aiI
<br />taxes and any interest and maturing installments of principal
<br />due on-any prior mortgage and assessments-levied.-upon-said real
<br />estate and all other taxes, levies and assessments levied upon
<br />this mortgage or the debt which this mortgage is given to secure,
<br />before the same becomes delinquent and keep-any buildings on
<br />said premises insured for the sum, o€ $ N/A lose, if
<br />any, payable to such first mortgagees or thi3:mortgagee, or both,
<br />the#:.these presents shall be void, othezwise: to be--and remain in..
<br />foil .force.
<br />TT IS FURTHER AGREED !1) That if said mortgagor shall. fail
<br />to pay such taxes and such interest on, or maturing installments-
<br />of principal, due on any prior mortgage and procure such insurance.,
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