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83003970
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Last modified
11/19/2008 3:40:36 PM
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11/19/2008 3:40:36 PM
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DEEDS
Inst Number
83003970
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<br />REAL ESTATE MORTGAGE <br /> <br />83-603970 <br /> <br /> <br />William B. Westering and Jayne M. Westering, herein <br />call~ the Mortgagors, in cJ::msideration of Thirty Thousand <br />and No/IOC DOllars ($30,000.00), do hereby mortgage to <br />Patricia Kelly, herein called the Mortgagee, the following <br />described real estate in Hall County, and State of Nebraska: <br /> <br />Lot Three (3), and the East Half (E~) of Lot Four <br />(4), in Block Forty-Six (46), Wasmer's Third Ad- <br />dition, Hall County, Nebraska. <br /> <br />And the Mortgagors do hereby covenant with the Mortgagee <br />and with Mortgagee's heirs and assigns that Mortgagors are <br />lawfully seized of said premises, that they are free from <br />encumbrance, that Mortgagors have good right and lawful <br />authority to convey the same, and that Mortgagors warrant <br />and will defend t,he title to said premises against the <br />lawful claims of all persons whomsoever. <br /> <br />This Mortgage is qiven to secure the payn~nt of the <br />principal sum of $30,000.00 MId interest thereon. according <br />to the terms of a certaJ.n PrOffiJ.ssory Note of even date, <br />execute;j-by the ~rtgagOl: s to the Mor tgagce. due the B <br />day of .i.'/' 19,~. <br /> <br />'l'he Mort.Gjagors further agree to maintain insurance upon <br />the .)lbov,~ described premis(.'s Ui an amount not less than the <br />indebtedness due the ~1or tq.hj(~e wi th d h,1ss-paYJble clauso in <br />favor of Mort_qaqot's {lnd ~<10J;.tqllqCO d$ their interests may <br />appear. <br /> <br />Mortqa:qCH:'S shall. ke{;.p l--tod flldintain th(~ i^edl (..state in <br />itubstantl-al.ly t:he fUl.lne <~0r:vj.it,lon ~t now is dur-iufj the term <br />(If t.his Mcq:tq~;tgc ':'lnd ~;_t;JllJ i~ot d.lluw ,Llny t lvns ()r othCl <br />encumbrances (}f <lXty klnd tv be plact::d or" remain .(\quinst. the <br />real clitate. ,Uid immediatel)' upon n:~covery, notice of any <br />liens placed .:~gainst tht" f..::..'!1 f:Bta,tt~, Mortrht(Jors shtill tdk(~ <br />the action necessal'Y tt' have the li'Wle removed O~', in the <br />alternaUvc, shall notl.fy MQI tqaqees that Mortqagol's de!.ine <br />to contest the s.:;,xoo and sh~.tll fUlnish such bond or ot.h(?t' <br />secur J. ty which Mort.<Jd"ees .H'e WJ.l J In<~ to dce,J!.>!; to indemnify <br />dOC save Mortqagees hannle,.s t HIm ,lilY such llen (>I: encumbram;e. <br /> <br />The Mortgagors ayree to pay .d 1 taxes ;,md assessments <br />upon said pr<.-'lllises and ,ill uthe r U'X\:s, lev J('S and iiSS(;liS- <br />menta levied upon this Mot'tgaYe <H.d the Note which this <br />Mort9a.ge is gJ.ven to secure before the same beconie delinquent. <br />In the event thQ Mortgagors shall fail to obtain such insurance <br />or pay such tAxes ~fon<\ deli.nquent, the Mortgagee may <br />purohAse such insuI'ance and pay such taxes (Jr other liens <br />dnd Shall h.<lve a lien secured hel"eby for the amount so <br />advanced with inte.l:est thereon at the rate of eighteen per <br />cent per annwn. <br /> <br />If the MQrt9<lgors assign or attempt to assign MOI'tgagors <br />interest in this Mortgage tQ any other penlOn or entity or <br />if MortgagQrs interest in this Mortgage i5 transferred to <br />any ot~r person or elltity by operation of law, then Mortyagee <br />llI4y. at MortgAgee's option, declare the entin:! allloun!; tht>n <br />01ol1n9 under this Mortgage to be illilllediately due and payable. <br />Any lElaBEl of the real estate to anyone for i, pel:100 in <br />excee. of one year or containinq opt.ions allowing it. to be <br />extended beyond on~ year Qr containing an option t.o purclHi5c <br />~ll cQnlli\.t.itute an assignment under th" muaning vf thi~; <br />pilu;a9~a:ph. <br /> <br />-1- <br /> <br />",:xhibi t "1>" <br />
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