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<br />
<br />83-fJ03S3S
<br />
<br />MORTGAGE
<br />
<br />Steven L. Husen, A Single Person
<br />
<br />(herein "Mortgagor") and
<br />
<br />(herein "Mortgagee >f).
<br />
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ Ql, 000. 00_ , evidenced by Mortgagor's note
<br />
<br />(herein "Note") providing for payments of principal and interest, with the balance of the
<br />
<br />indebtedness, if not sooner paid, due and payable on.~gust !"!.,..J288 _'
<br />
<br />Tosecure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreemertts of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the, following described
<br />
<br />property located in-----1iB 11
<br />
<br />-- County, Nebraska:
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<br />A tract of land comprising a part of the Northeast Quarter of the Southeast
<br />Quarter (NEt-SRt) of Section Twenty-Seven (27), Township Eleven (11) North, Range
<br />Nine (9) West of the 6th P.M. in Hall County, Nebraska, more particularly
<br />described as follows:
<br />
<br />Beginning at the northeast corner of said Southeast Quarter (SEt); thence
<br />southerly along the east line of said Southeast Quarter (SEt), a distance of
<br />Six Hundred Eighty-Four and Forty-Pour-Hundredths (684.44) feet; thence deflect-
<br />ing right 91044'38" and running westerly, a distance of Five Hundred Ninety-
<br />One and Nineteen-Hundredths (591.19) feet; thence deflecting left 17028'1611 and
<br />running southwesterly, a distance of Eighty-Five and Seven-Tenths (85.7) feet;
<br />thence dl~flecting left 53054'38" and running southwesterly, a distance of One
<br />Hundred fort y and Six-Tenths (140.6) feet; thence deflec bng right 70052' 31"
<br />and running westerly. a distance of Five Hundred Ninety and Ninety-One-Hundredths
<br />(590.91) feet to the west line of said Northeast Quarter of the Southeast Quarter
<br />(See Attachment)
<br />TO'llEither with all buildings. impmvem,'nts. fixtures. streN...... alleys. passageways. ,'a<>eml'llt..... rights, privileges and
<br />IlppUl'tefl.m:es located thereon or in anywise pertaining thereto. and lh., ft'nts ISSUt's and profits. reversions and remainders
<br />thereof; in~~uding. but not limited to, hl'ating and cooling equipml'nt and such personal property that is attached to the
<br />improvemeI111! so as to constitute a fixture; llll of which. including r!'plaCI!ment.... and additions thereto. is hereby declared
<br />to be . part l)f the real estate secured by the lien of this Mortgage and all of the foregoing h,'ing referred to herein as the
<br />"Property".
<br />
<br />M()I1~r' further lxmvenants and agrees. with Mmtgagt'!',ltS follows:
<br />
<br />1. Plllymellt. To pay th.. indebtednes.'i lInd th.' IOlt.rt'stlht.rt'oll as proVided in thiS Mortgage llnd the Note.
<br />
<br />2. TlUe. Mortgagor is the ownl.'r of the Property. hlls lht. nghtlllld authonty (0 mortllage the Property. and
<br />wammts that the lien created hereby is a first and prior Iiell on tht. ProP<'rty. !~XCt'pt as may otherwise be set forth heJ:\!in.
<br />
<br />o The Property is subject to II Mortgage wherein
<br />
<br />is thE' Mortt~, n~rded at Book ,~,_~___.__" Pall.! of th.' Mortl(agt' Records of _M__'__.____,..___,~_County,
<br />Nebraska, which Mortgage is a Iiell prior to th.. I il'1I !'l'l'lIted Iwreby_
<br />
<br />o Other I)rior liens or encumbran!'t''':_
<br />
<br />
<br />3. 1'axes, Assessments. To pay when due all taxl'S, sP<'eial assessments and all oLh.-r charges against the Property
<br />and, upon ''''Iitten demand by Mortgagee. to add to th.. payments required under th.. Not.. secured hereby. such amount as
<br />may be suflfic:ient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />
<br />4. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against dan~ge by fire and such other hazards as Mortgagee may require, in amounts and with companil'sacceptable to the
<br />Mortgagee, and with loss payable to the r.fortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjust,. colIlect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />proceeds t~) the restoration of the Property or upon the indebtedness secured hereby, but payments ht'reunder shall con.
<br />tinue untit the sums secured hereby are paid in full.
<br />
<br />~.: 0 Escrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, .. -shall pay to the Mortgagee at the tim'E' of paying the illonthly installments of principal and interest,
<br />earl' assessments, hazard insurance premiums, and ground tents (if any} which may attain a
<br />. . t.ed from time to time by the Mortgagee. The amounts so paid shall be
<br />e, witllout ,interest and al?pJied to the payment of the ltl'ms in respect to which such amoUnts were
<br />. are pledged as additional security for the indebtedness secured by tbis
<br />cy betWeen the actual taxes, aS5eSStl)ents, insUrance
<br />,days after .rlelnand is ,made upon Mort,gagor requesting
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