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<br />REAL ESTATE MORTOAOE $~`'~~ 00186 ~
<br />KNOW ALL MEN By THESE PRESENTS Dat _. _ Frontier P~oEaerties Coro. ~, it indWWuats.
<br />;ointty and severalty, reskftrg m _.~,~ -County, ; and d a trorporation w other business entity, w(th its
<br />t principal place of business m _~F+ 11 __ County, Nebraska , (nerainader referred to as "Mortgagor") in consideralMn
<br />Commercial National Bank b Truer Company
<br />of an Mortgagors indebtedness. IiaDffities. and aWigatfonS to _,_,__,___„___ - - - ,
<br />vl Ha] 1 County, State o! Nebraska t • • Mortgagee"Y, now existing m hereafter incurretl, and other vatuabk cdnsldaradun mttandpaid,
<br />r does hereby sett and convey unto Mortgagee the +dlawing descr lbetl premises situated in Hall County aM State of Neb£at3k8 ,
<br />to-wtt.
<br />Lot Eleven (I1), Kallos Subdivision, in the City of Grand Island, Hall CoaantY',-
<br />Nebraska
<br />together wim all of the right. rifle. and rreerest at the Mortgagor in said proper;v now owned m hereafter acquired and ai 6uitdkngs, imormrements; andfikteres tit any
<br />type now or hereafter placed on Bard real prdperN and au easements. rights. appurtenances, rents, royalties, oil and gas nghis and profits, water, wad dgDIB, and
<br />water stock. antl aI! fixtures nmv or hereafter attached m fne foregoing desottred property. at! of whicD including repladertients andatlddiDn<. theret0. ShaO"-De-deerrree-
<br />td oe arte 2main parr of the property daveretl by ims Mortgage A!i rn the loregdng Property shall De cdleetWety Dareinalter eeferrea to as the "Prehttses.'.
<br />tnismon April 9, 1984 Fort
<br />gage K given to secure a certain pmmissary note da[ed __._ ________ in the prinrapai sum of Y-Two
<br />Thous~nd_and_ no~100=----,,,----`~--=--potters{E42~000.00 },andintaresttneieon~cordlDgtnrDetermsof
<br />saitl nee arw any and au extensions. renewals modiGratwrts br subslnutions mereM and each and every debt, IiaIXtity and+abdgetfon-oi every-typeanti d'e~ripdDn
<br />wnk:n the Mortgagor stay now ar al any time hereafter owe to the Mu~rtgagee. including guarantees ar accommotlatioos, whim the Mortgagor may now, or at anygme
<br />hereafter owe or 6e nbt:gatad an ;r, the Mortgagee whether surn debt habthiy. or ouu-gatinr, new ezrsis or is or may De direct or indirect, dub ar tb Daeortte due,
<br />absolute or cbnt+ngeni primary m ;q:oadary ;rdwdatad or un!:am6ated. or ;dint, several nr Imni ana severah aY such debts, hanilities. and DDligations ail catieclivety
<br />hereinafter referred teas ' Obitaaltons
<br />he total pnncipai anpunt, axCtusaie o! interest. ?f the Oaligations rncwding airy future debts. aWances. ItaDatttes a ODtigations. taaE including nDwe+ror any
<br />sums aWantEO~itYlhe~Drnteciian of me Premises o, t,.e Mortgagee s interest therein shalt not exceed the sum of Eighty-Four Thousand
<br />and no 130-_---'-------_-'-=-~~rs tS_ 54.OOt) . 00 _l. Provided, however. that notDtng carttarned herein shalt conslftute
<br />a Comrtumtem to maze aadmonai ur future u~ans or advances m a.~v a+wunl
<br />the Mar?gar,-ur nereuy warrants inat a ,< !ee ?tuner N me mortgaged real property. that d vial defend the htln against aA claimants whomsoever, and tt
<br />reitnumsnes atl rtgnts o1 homestead m sold Premises and cdvenanrs and agrees with the Mortgages as toubws:
<br />Tp pay when aue au taxes. Arens. p~dgmenls x assessments wh,Ch may be lawtuny assessed against tna Premises and the rental charges upon any teases
<br />assigned as atlmtntrw! security for Inns Mortgage
<br />-. 'o insure antl .eft insured the Premises and other imptrnernanis haw Dn w wrndn may ttereadar De placed on sattl PrennSeS [o the sdbstaCDan et die
<br />Mortgagee Any policy aurdencmg seen ,rsurance snarl de anowsed with a mortgagee loss DayaDie clause, apDrmed by and rn favor at Mortgagee.. and depositedwith
<br />Ine Mortgagee ana with aM >^ss Inereurwer ie be payaore to Mortgagee 4. ine opttdn m the Mortgagee, sums so redetved by Mortgages or Mortgagor maybe used to
<br />Day tnr reconsrruChon tit me dasL'pyeo F~emrsas .y ,r naa! so app+rea m,ay. aI the dphrsn of fns Mortgagee, oe applied rn paymem at any Obligations. matured or
<br />unmatured. secured by [ms Mangage
<br />id heap ai, aucicing5 pl:cuplad aril ,h aoua reDan antl N relraip tram !na ffioMe$$rb0 of any dGls of fenl0yai, dentoidlan, a[ impdtrmeet of m0 P(emasa5: opt to
<br />cut dr rnmrne. ~'>r Darin i FU bd cut ? `en)aue,? ~ny waoe or nPSDSr F9n' Sa1d ieai PrpPe!iy, and IH)i 1o Commit Or per mil any waste o7 impairment pf Ine valuB at the
<br />secvrry, to Cnnunuousiy praruce aDDruv?tl *rsetneds m tarrrnng an sa,tl Premises, to Preuent erosion and the spreadW ndzrpus and damaging weeds, and to preserve
<br />inE f$rhhry of ine saL
<br />A that a+r money antl awards -.ayaore as darnar~s cr v~mpensarYm for lire Taking at Rile tp ur Dass'BSSton Dt. ar for damage to any paritan at the Premises Dy
<br />reasod at aay candemrytmr,, emrrant azvttain. change i» grade m ether pro;,aeding anal;, at ine option pt fne Mortgagee, De paW to the Mortgagee, and such moneys
<br />afKt awards aro neretry assigned ro Mortgagee ono Wagnwnt tneretur snarl ce entered m tavrx of Mortgagee, artd when yard shah be used, of its option, Toward try
<br />payment a the ODUgauons secured hereby .r such order ar rnarsner as Marigagea may desire or deterrmne, ar snail be use at its option, tdr payment of tikes,
<br />assessments. <eDarrs or other items mr inn paymem m writcn this Ma!tgage rs g;vert as seventy, whether the sortie De than due w hat, and in such ostler or manrcer as
<br />Mdnga9ee may determine. and any amount rat so used stun de re+aasea Dy lire Mortgagee to tna Mortgagor. Such application or reteaso shay tmi cure or waive any
<br />default or #aedttlSUra Draceaamgs. i^. the aYnnt Mortgagee deans ,; neCe55a; i to appear pr answer m cpiamnahan ethon, hearing ar Prxeedmg. Mrxtgdgar snail
<br />pay sEt tegas expenses m cannacnDn merewnn ~~hrding r •t hat rm:n,3a to attorneys teas and court costs, one unto so peso, such expenses. with mtetes! at the rate of
<br />15.0 patient. snail as aodae to the Congaua:s sofa=~ !x+$Dy rn s+;u~n manner cr artier as Mortgagee nay desre or determine. having the oanefit a the hen
<br />created hereby as a Dart nerapt one ot;ts Driartty
<br />5 That m ir>e avant Mwtgugrtr tales t:? pay wizen a„e any taxu;..:a.ra+ s:nargas abort any leases assegneC as aaadtrtnal Socunty tar [nts Mdrtgaga, Netts,
<br />;udgmeniS. ar d5se55manrs ;awiWty 3SS6532tl dgainsi the t7arn,SlSj, di tarts t{. mdMtdm insurance d£ harernbeiDre Psouuletl, Martgdgea may rtL?ke such Dayn>ettt m
<br />provide such +nswancc~L, e~lse the a,aauntts! paid melator ana:; beCDnu a part ix ma ODtigai;ar~,s secured rtereby. Due and WYaDis rmmedtataty, and shall uear imerest
<br />at the rata of __.. ~6 •..-Dardent per annum from one at Ire ante tr:& Mwrgagee makes su4n payrriant.
<br />F ?hat :n the event Murtgagor detau+IS in the paynrant at any al ine Obtrgauans or W arty interest thereon. at the time when the same snau Da due, o: with
<br />respect to arty covenant a danditzw t+r;rea, roan, a. Iha option a Mortgagee, the anhla UDtlgatwns secured hereby snaU tartnwith tmddrne due ono payable. and t!w
<br />Mrrtgagee maY ittmte~taley tareciDSe this Mortgage Dr pursue any corer avaitaole legal remedy in tog avant di any action Dy MorFgagee tP eniarde CdiiechDn of any of
<br />the ON+gabans secured tvueoy. Ine Mortgagor agrees *..nat any expanse :nciuding wnnout umttation attorneys' leas and costs mcurreo m carnaction therewith a
<br />incurred Ea procure ar ezientl an abst: act at titW shat). when ;ncurrad rir pa;C Dy Mortgagee. beCDme a part cf fne goligahons severed herapy and shad De paid oy
<br />Mortgagor together wren ai )tie losable casts y such action
<br />r Thdi :n ine event any adtro:t :s Drwgm w laet::ose M.s Mortgage fa ati ar any pan W [rte ODUgahons scti:urad nereoy, mo Martyagee snaU oa amnted m
<br />!mhtedtate possass.'on DI the rmtrtgaged premises. anti the coast, or a;utige tDeredi rn vadatron, may aDpomt and the Meleager harebp consents to the appomtrtviol at
<br />a rac:eive~ to )aka Ddssassipn o! said Pramses to collect and receive rents and prD}its arising therolrttm, ana from any moneys su cohectad. la pay texas. p~avWe
<br />vnsu; and. make needed rapa,:s .C ;mpsv;::<~ ats vDar~ 'hd Prem;sas..antl rake any nt;rar azPenditureS auktorized Dy the court. arnt. aPPFi..an~y sur.: re;na,nrng a`ta+
<br />'rte paynrent Cr such autnonzad ezpenc:tures aeon the ODt!gaDarts-
<br />21 Ttul'. torture R dG4aY at Mprtgagee :.^. axe: CiSa any C I:S :?gnis o! pr;YfieQBS br to in5152 upon SifSCi DeriDrmandD tit dny,tQk@(t~tlla Al ay'v'entenl5 ~.`I Mill lgagJi
<br />c¢nu+rted to L+as Ma^.gage ahatl raver Da ronsuuca as a waist Dt any :egmra,~nt Cr aokgatign o'tMortgrygor PI'ff9hi ~T teBledkMM~Dirgagaa canu,ned in sr 0.rsea
<br />upon any of the tsrays. Drovivf:is, agre~rztertts ar ca.~enadts at ih,-a Mocgaga. m aey'ntvre de-taaRs
<br />9 Tnat rfl Base m detaui". m treerayrnani tit any z its Ooi,gaton, x rr; case ca catynren; py Mortgagee o=1 aay hen rud{;msrt. la,. :nsc;aecs rost n, axaers
<br />said N!atgapee shalt haw It:e pnvriego, w;thraut des±a+;ng tna whole ,r:COp'.adnass Cue a, J payaD4e, to :wociosa on ; „rtt , ;;;r sFtec:'::. aeta::C ra _
<br />cxa i o
<br />' OAtga4itMt'swSE arp m deiau3t ar:d Burn for~,~ur€ Pracea:Grngs ^iaT De ^eC and the ;Intl descnaed harem -°r„,y be so;a. zubteci t~ 17c ~apard ODti~~acnbns ne;;~:y
<br />SeGr33red. aril ite$ M`urttfdge Sna}t r:Gr!tin;<e ai a'Wn t9+ any lir~d +~::r ,ce Ud !na i^.RRgair?ns
<br />itk No~gaspx was and btarravs m the Mu(s~aE a: gm- - I a rvza c-s? aoa demand n a-d to :~ ar,c proms a a ~ ear u - ~. - k to
<br />M4ttgagllEaD leases ~ f7ftk srenirses now x ;wsoaftar mado. » t,~t a- a1 a d roo-5 e*rippwar Murgagaa U e _ arsrt _acgU +or ;c kr z lag t ° ~ ~;
<br />teaafris t$ rant title ar ro t~$corne due tp Morgagee. 'a tom :,+ to s 3 s y`t^ien. s not !ha ODfigottons a-. r ;;Ily pair: hr5 assign .e, , s~ta;i 7u .,ar. n e ~ 't` .sf"t~
<br />anteys d~ is r in ttto edvenartis. terms aad Cone zrorts ~ any o-. rte OD.tga..au dr tn+s Mortgage
<br />5 kt a~ t7+Nt 8t tn@ %'ret?t34s arty S-angigrrad 4r mid witi+sHA 'rm r rn wrstt@r` - '*ient to `.Ge Mortgagee. the' . patnx<s "Lry 3. _t. _,: v - _:: t~7a;i,,. v'e
<br />d~:anxt urk?roritaiety due atgi DaYaD+a oral this Mortgage ay t'F rtr ~rasrn as ant tarin ,r, pa,agrapns fi and % of ~n,s Mar )gage
<br />t 8 ~'asit h,e Prr~roses are ties ana yrca+ ~ ~~' axes a,-C KR 1o'f{?rar`i~~s wazt~x,re= s exit _ ?JVp e
<br />`* m eveeu M~E+M 3hdu wt .,,u 'm pxcr e n.~. M>t,~er . y gs - r .e r! "e e, ~ _.
<br />gfq,yrSExpte~ ?may hLSr1~+tt titan MtNtgstgeP i"Sa-. -'- EGA. ,- 4 -_ .5atrrY, .,, i-~ t,n r !r,ya inns to D+ ,vr3+F'i _+$ • .arr. ~__ ~ ...
<br />?'may .~, ~.s•~ as set `art* to DaragraDns f pr-^..: A to -.. r'. tg5ge
<br />,. ,., ,
<br />1$ f;~3~"r p,: i~~, .. '+9, e4W S-~~_(a-:s~9 e% ..2:e" m 2~:: sa: „ re zKr. a.a ~.Y-,7i --r~,_r -.
<br />rp} w+,y ar?tr:' ..,, ~~=5'.ry ~: mg Mmlgagtt
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