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<br />83-'103887 <br /> <br />MORTGAGE <br /> <br />Ronald C. Krauss and Vada M. Krauss, husband and wife, <br />(Mortgagor) , conveys to Marcus Rikli and Dorothy Rikli <br />(Mortgagee) the following described real estate: <br />Lot 2 and a part of Lot 1, Block 3, Original Town of <br />Doniphan, Hall County, Nebraska (Property). <br />This Mortgage is. gJ.V~J~.~~:~/J}~1',"ayment of a Mortgage <br />Note in the sum of $ , .~ from' 14 Mortgagor to the <br />Mortgagee, of this date, ,:ind constitutes a Security Agreement <br />with respect to fixtures attached to the property. <br /> <br />1. i4ARRANTY or TITLE: <br /> <br />The Mortgagor warrants that the <br /> <br />Mortgaqor is lawfully seised of 11 fee simple title to the proper- <br />ty, free f.fOl'l'l encumbrance, except 11 first mortgage in favor of <br />;:;R5t/::a,jf.t~'jpt( L. ,/)"/ ../.17' /;",:;,'#/n-f"'p !""'~:';;'Ij(:~~{)'t has full <br />authority to convey the property and will warrant and defend the <br />title to the property agai.nst the claims of all persons. <br /> <br />Z. PAYMID."I': The J>'.ortgaqor "hall pay the indebtedness hereby <br />secure<i, when due. <br /> <br />3. TAXES: The /l!Qrtq.agot' sha 11 pay all taxes, assessment and <br />oth~.r charqtHl which rallY bt::cotr<c ~{~_nf! upon the property, when due, <br /> <br /><1nd before delinquency. <br /> <br />L ~~: The MOt'tqagor "hall !:1aH~taln fire imd extend- <br />ed ccvlH'aqe insurance, cover 1 n'1 ttl<;j :mpr'overlleots on tlH' property, <br />with such company ..no HI such amount ,~l'l shall be satLsfactory to <br />the f'k:n:tqag."e, ,""Ht, the proceeds of any toss payable to t,he <br />Hort-q~H;e-i!~ Upon fore-closure of t!ii5 Mortgage or' other transf.er <br />of tl:ll!'! title to the property in $atisractlon of the indebtedness <br />secured, all right, title and H,terest: of the Mortgagor in and to <br />sucb insurance policy shall pass to the gna,ntee of the property. <br /> <br />S. TAX AND INSURANCE l:-:SCROW: At the election of t,he Mort- <br />gAgee, the l'Iort.<;Jaqor shall pay to the Mortgagee a monthly amount, <br />to be plac$4 in escrow, sufficient to pay future taxes, assess- <br />ments, insurance premiums and other charges, when due, Upon any <br />default by the Mo.rtgjl.gor in the payment ot taxes, assessments, <br />inslU'lInce prem.iUll\s or other charges, the Mort.gagee may make <br />payment and add the amount of such pay'ment to the principal <br />l:>alallce of the note. <br /> <br />6. MIJf'tJmANCB: The Mo1:'tgaqor shall not commit or p<;lrm.it <br />.$t. aM shall lIlA.intain the improvements on the property in good <br />cCflGition and repair. <br />