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<br />~~ __--t)G 1003
<br />REAL ESTATE MORTGAGE
<br />(Open-End: To Secure Present and Future Obligations and Advances)
<br />KNOW all MEN BV THESE PRESENTS That _ Ches[er fi. Gausman and Mary E. Gausman, Husband and WiRr~ldividuals.
<br />lomtly ono severally. rosining m _ Ha 1 1 __________._ _ _ County _ _Ne b ra s ka and d a corporation or other business entity, with its
<br />prinnpal Dlace of pusrness m _ ___ County, __ _ nergm er referred to as ' ~Mprtgagor"I in wnsidera~
<br />torn al all MOngagdr's moebtetlness. liamhties and oDligahons to __ Comore rc is T- at~iona r~~ank {g Trust Company
<br />of Hall _Counr,Stateol Nebraska - '
<br />y ._-__ -- f'Morigagee '1 now existing or hereafter incurred, antl other valuable consideration in han0 paid,
<br />does hereby sou and convey umo Mongagee the Iollowmg descnbetl premrses atuated m .__ Ha 11 ____ County antl Stale o1 Nebraska
<br />to-wrt --
<br />Lot Four (4), Block Seven (7), Replat of Riverside Acres Addition to the City
<br />of Grand Island, Ha 11 County, Nebraska
<br />together with all OI the ngnl. tore and Interest of Ine Mortgagor In sa,d properly now owned or hereafter ;cawred antl al: buildings. fmprovements, and fixtures at any type
<br />now or hereafter olzceo on sa,d real property and all easements ngms. aDPurtenances. rents royalhrs oil and gas rights and prdlits, water, water rights. and~walerstock;
<br />and alt fixtures now or hereafter attached to the iorepo:ng de5cnbed properly. all of which mcluomp rvplacemenls' antl additions thereto, shall be deemed to beand-remain
<br />part of (he Oroperty covered by this Mortgage AI! Of the +oregornq property Shall De CoII¢cpvely herernafldr referred to dS the PremiS¢s."
<br />inrs mortgage is green to secureacenaln promissory vole doled _.__February_22s_1984__ mine pnndpal sump) Sixty' Thousand and
<br />no/100-- -------------- ---- ------ ---- potmrslg_60 000.00 _j, andmterestthereonaccordmgtothetermsof
<br />said note antl any and au ex!ensmns renewals. mod f¢anons or su bsinwrOns the eof one each and every debt Ilabilily and pDtiganon of every type antl descriptipn:whieh the
<br />Mortgagor may now or a1 dny lime Hereafter awe Id the Mortgagee. whether such debt, i:abitily or obllgaoon cow ex15t5 or !S dr may De tlir¢ct or intlir¢cl, tlue M to tllCdtile
<br />due, absolute or coningenl pnmary or secondary hpwtlated or unhdwdaletl. or fo:nl. Several. or joint and several all such debts, hahititie5. antl obligations all collECtiv8ly
<br />hereinafter referred to as ODhgahOns -
<br />The oriel pnnc:pal amount. ezausve of Interest. of Ine ODIlgatmns Including any future depts. advances. tiabdN¢s or Obli aborts, not inciuding hOWeyeranySURiS ad~ -
<br />vanced for Ine orotea,on of ine Premrses or the Mortgagee s interest merem. Shall not exceed the Sum rl -One Hundred Twenty Thousand and -
<br />no / 100------------------------__ Omlars IS_t 20 , 000.00_ I provroed, however. that nothing contalnetl herein shall consihuti>
<br />a commdmem io make addrhonai or future mans or advances m any amount -- - -
<br />'he Mortgagor nereDy warrants that '.I Is Tee owner o1 the mdrtgaq¢d real property. oral II will defend ine Idle against an Cldrmant5 whom5oeve(. and rt felidpui5hE5 all
<br />nghts o1 homestead In sa:c Premises and covenants and agrees wdh the Mortgagee as follows '
<br />t TD Gay when cue ah taxes hens. lodgments m assessmens winch maY be !awfully assessed agan=.t the Premrses and tn¢ rental charges upon any leases assigned
<br />as atldmm~ai secunry for ms Mortgage
<br />2 TG Insure anC keep I!!sured the Prern15eS dn0 Other ,mprOVdm¢nls now On Or WmCn may hereafter be, placed on Sald P(¢nll$e$ IO the 5dti5}adll0n pl the MprlgalJBE-.
<br />Any Dohcy emdenand such Insurance shah be entlOrSdd wAn a mortgagee loss payable clause, approved by and m favor of MongageE, and deposited wnfh the Motlgdgee 2dd
<br />with any'IOSS tner¢untler to De payable to Mongagee AI the opnon m the Mortgagee. sums so received by Mongagee or Mortgagor may be used to pay for recorisWCtion of
<br />!rte deSiroye0 Premises or d not so aDDhetl. may ai the opuon of the Mortgagee. be applied In payment p. env l7bltgdhOnS. matured Or unmalUr¢d. 5epur¢dby IhISMbngdge.
<br />3 To keep all Dwldmgs occupied and m good repau antl to r=tram Irom the commissmn of any acts OI remora!. tlemolilion, or Impairment.of the Premises. no(to cut or
<br />remove. or perms to be cut or removed. any wood or limber Irom said real property. antl not to commit dr permit any waste Or impairment of the value of Ine securely to coribn
<br />uousry practice approv¢d methods of farming on said Premrses. to prevent erosion antl the spread of noxious and damaging weeds, and td-preserve NB'fenBtty of the soil.
<br />That all money and awards payable as damages or compensation br the raking of title to or ppssessmn of or for damage to any porUOn pl the Premises by reason:dl
<br />any condemnation. eminent tlomaln. change o1 grade. or other procded:ng shay. at me oDhon of the Mortgayee. Ue paid to Me Mortgagee, and such rnoneys_antl dwd{113:are
<br />nereDy dS9gned ID Mongagee and IUtlgm¢nt InerofDr shall be entered In favor of Mortgaged. and whe0 paid shall b¢ used. al ilS option, lOWard 1hd pdymeal0(lh¢ DDhgahons ~'
<br />secured herepy m such order or manner as Mortgagee may desue or determine. or shall be used at ris opt!on. for payment o1 taxes, assessments. repairs oroth¢cilem4lorahe, -.
<br />paymeN of winch This Mortgage Is yrven as secunry, whether the same oe then tlue yr not. ap0 in sppn'order armanneraY Mgttgage¢ riiay"determine. and any amoupl-hotsp:
<br />used stroll be released Dy Ine Mortgagee to the Mortgagor Such apphcaupn er release Shall dot Cu/e grwaive any de15u1Pdr' PoreDlosyle proee¢Nngs: In the event-Mortgagee; ,
<br />deems rt necessary m appear or answer m contlemnahon acllon. heanng or proceeding Mortgagor sh~ilpayatr legaheiipenses m condectior therewith. including DuPdotbm--_-
<br />rtetl to attorneys fees and court costs. and unto so Daid such expenses. wdh interest at the rate of 4 //..77 percent, shah be adAed to the Ooligatiops sscur80 hereby m
<br />such manner m order as Mortgagee may desue or determine having Ine benefit of Ine lien created hereby as a part hereof antl vl its prionty.
<br />6 ?hat :n the event Mortgagor taus m pay when tlue any ;ands rental charges upon any leases aSSlgned as additlpnal sacunty forms Mortgage, liens; judgmenls,.W
<br />assessments iawtunv assessed adams! the Premses or fads to ma:nla:n Insurance as herembetore provided. Mortgagee may make such payment or provide such insurance.
<br />and the dmOUnlisl paid !her¢IOr Shall b¢Come a part elf Ih¢ 17Dhgd110ns secured her¢Dy. due dnd payable Imm¢drd[elY, and Shall D¢dr IniefeSt dt the fate pl 1.6 • ~QPErdent -
<br />per annum from and at Ine Ilene Ine Mortgagee makes such pdVmenl -
<br />6 Thal m the event Mortgagor delaultS In the paymem of any of ine Obhgat:ons or of any interest thereon, al the time when the Sdme Shall be due, or Wlln flSpeCt ~08rry -
<br />wvenant or conddmn herep!. then, at the opnon of Mongagee. me entire Obligations secured hereby shall tonhwith Uecome due and payable, antl me Mongagee-They im-
<br />mediately foreclose tnls Mortgage or pursue any gtner available legal remedy In the event of any acllon by Mongagee to enforce collection of any of the DbNgalions secured
<br />herepy. the Mortgagor agrees Thal any expense Including without hmdatmn attorneys' tees and costs mcurrdd in connection therewith or in~~nedio procure or exiejld ap-
<br />abstract of title shalt. when incurred or pard by Mongagee become a pan o1 the Obligations secured hereby and shall be paid by Mortgagor together wild all of the--taKabb
<br />costs of such action
<br />7 Tnat m the event ary action Is Drought to lorectpse this Mortgage for all or any pan pt the Ohhgations secured herepy. the Mongagee shall be entitled t0 iminedtak
<br />possesvon of the morgaged premrses. and the court m a fudge thereof in vacation, may appoint and the Mortgagor hereby consents to the appointment bt a receiver to qke
<br />pOSSesstOn of send Premises to collect and receive rents and profits dnsmg Iherelrom, and Irom any moneys sd coilectetl. to pay faxes. provide insurance. make needed:re-
<br />pdrr5 t0 Improvements upon the Prelni5¢S. and make arty other expentlnureS dUlnPnied by the coup, antl apply dny Sum remduong after th¢ payment pf SUCH apmdrl28d.e%-
<br />pentlitures upon the Obirgaumts
<br />8 Tnat tadure or ceiay of Mongagee .o exercise dny of its nghts ur pnvueges or to m515t open sL'¢t pertm manc¢ of any covenants or agreements of Mortgagor contain-
<br />ed m mss Mongay¢ shall never De construed as a warner of any regwrdmem pr oDllganon of Mengagor or ngnt or remedy of Mortgagee contametl m or based upon any of the
<br />terms. promsrons agreemenu pi covenants vl Ilia Mongage or any furore d¢faWts
<br />9 Tnat In case of default In Ise payment of any al Ine ODtiyations w Ir, case of paymem by Mongagee 01 any Iles, Iudgmeni, !ax.:nsurance. cost. or expense, said
<br />Mongagee shall nave the pnvuege without declanng th¢ whole Intleptetlness tlue and payabl¢. to breclose on account of such specltic default for Such ObligaUOns as are in
<br />default and such foreclosure prpce¢CmgS may De lied dnd the ianC deSCnbed herein may De SOIO 5ubleci to me unpaid Obligations Hereby secured, antl Nis Mongage shall
<br />continue as a !ren ;or any unpaid balance of the Obngalions
<br />10 MOngdgOr assigns and OetlvePS td the Mortgagee all nghl, Dne. Infer e5t, dnd demand in and 10 rents dnd DrOMs U! the Ffdm15e5 and does assign IO Mortgagee all
<br />leases of fee Premrses nUw' or hereafter made. wntten or Oral, and OoeS empower Mortgagee IC colldct and receipt mr ail reels Mongayur directs all tenants to pay rent due Or
<br />to become tlue to Mongagee Tne term of Ilia assignmem s until fee Obligauons are Wdy pals Tnis assrgnmem shoo not become dperaiive ulness default is made in the
<br />covenants terns. and conmbons o1 any of the Obhganons a ihs Mortgage
<br />7 7 II any part Oi tnd Prem!s¢s are irdnsf¢rred er sold wdhout the Orla wrI[!en consent of !rte Mongagee. Ine ODIlgalwns may at me option of the Mortgagee oe declared
<br />,mmedtdtely dud and pdyatr+e and t.".rs Mortgage may De lOrecrosed ds sat min In oar;grapns 6 and 7 of tea Mortgage
<br />12 Ihdt Ihd Pr¢m,5¢5 dr¢ trP.¢ antl Cmdr Of ail ti¢'i5 anU en,;um0%dnCds wndiSO¢ve: ¢.;:dpl riQlle
<br />I] :n ;R¢ ¢s~ON MDrtgagor Shalt wrlM,rul the D'aU n•'te - _Gn5¢nt JI Mongagee ^tGr +dpe v' ulhel'W. _ ,rlDe~ - P= ~1Se, ~ pe. r' rte Pr¢ntlS¢S t4 DC en-
<br />cumderetl n dnvfashion then Mortgagee :Rely at Mcvigagr>r s ., v et td'e d U ~y-I :a; Iv ur ined~n!¢y i._r .,~„ rdyat o ana -,-„ ^ r~ . n s MOngayd `nay oil fore-
<br />cwsed as sat tom in paragrdpns 6 arcs ; ct L.^s Mongage
<br />' ! na. r' dny p+pnS,Utt lid dr. ~ au;C Ve `,+';d anen!orte„u'e ,II ..,.p ind~. ~ .,:.. p ;r ~ •:. , - , „r ,center 'xL 1'a: e :. w .. .. , .
<br />anect ilY; vdi:Uiiy G! 'Y+;g Mnrtgaq¢ - a ~ . . l ,e .f n ':G Wby
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