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<br />MORTGAGE
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<br />83--004209
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<br />This Mortgage is entered into between
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<br />DAVIS BIn:;. CDNSTRUCfION CD. AI.ISO KOOWN AS
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<br />DAVIS BIVIHERS CDN5TRUCTION COdPANY (herein "Mortgagor") and
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<br />'lliE 0muAND NATICNAL BANK OF GRAND ISlLAND, Grand Island, Nebraska _(herein "Mortgagee").
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<br />, :' . Mortgagor is indebted to Mortgagee in the principal sum of $ 55, CXXl. 00 . evidenced by Mortgagor's note
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<br />l1"..,-~./,"".;,.. .... t 8, .1983 . (herein "Note") providing for payments of principal and interest. with tbe balance of the
<br />;". IfJ,.......--.
<br />(.. ~~:If~.~er paid, due and payable on MarCh 1. 1984 ,
<br />"""_"-';"._~'ftl"-"r': ~ -~-r,.::_."<. ,;3 ~."'f""'"
<br />.' Tooecure the payment of the Note, wltb interest as provided tberein. tbe payment of all otber sums. witb interest.
<br />advanced by 'Mortgagee. to protect the security or this Mortgage. and the performance or tbe covenants and agreements or
<br />the Mortgagor contained herein. Mortgagor does bereby mortgage and convey to Mortgagee tbe Co/lowing d_rilled
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<br />property located In ~L-_._ County. Nebraska:
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<br />SEE AITAOIED
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<br />Transfer of Property. If all or any pa.rt of th~, Property or any interest of
<br />Mortgagor therein is sold. transferred or further encumbered without the express
<br />written ronsent of the I.brtgagee, MJrtgagee may. at its sole option. declare all
<br />SlJIlS secured by this Mortgage to be imrediately clue ,mcl payable.
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<br />TOlI"ther with aU butldin/lS. Ilnprove""'nts. fixtures. stre,,\S. alleys. passageways. "asements. nghLs. privileges and
<br />appurtenances located thereon or ltl anywui"t> p(l'rt.aintng tht>fE"lO. and tht> n'nt~ 1~~U\'"S i:Uld profits, ft"vt'l"5jons and remainders
<br />thereof; including, but not limited to. he.ung and coolmg ~qulpm~n( and such p..sonal property that is attacbed to the
<br />improvements so as to consOtute a fixtu...; all of which. ,ncludmg ....p(a...,m~nl.s and additions thereto, is hereby declared
<br />t:o be a part of the real eslate """,ured by the lien oi this Mortgage and aU of the [oregving being referred to ben!in as the
<br />"Property" .
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<br />Mortgagor further l:Ot1venanl.'l and ag"""', \/nth Mvrtgall"', a> ["II",,,
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<br />l. raymeBt. '\'0 pay the md<1bwdn_ and the Inu.""t the",,,n "' pro"d~d HI tlus Morl.gagt' and tbe Now,
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<br />2.. 11-Ue. ~ton,C"Qr I~ tb-e o~nel of ttlt' rrofA"rty. h~ t.ht, rlRht and authonty to mGrt~ge the Property. and
<br />wamants tbat the hen cr...wd hl'fl!by IS a [mit and prior 1..0 "n the I'ruper(~. .xc.!" '" may utherwise be set Corth berein.
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<br />o 'f'I\e Prope.ty IS subJed to a Mortga~ WIW'~lll
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<br />..the M~, n-rorded aL !look ..', . l'agt' ." II.... Mortgajte Kt>{:v'ds v[
<br />NelHuQ, wbicb Mortp&" is" lie'll prror 10 lh. lien ('wa,ed hen'b)
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<br />___'__County,
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<br />o otlIrr prior hflU ur en.'Umbran....,
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<br />3, T... ~l4. 1'0 plIy wlwo due ali tax..., .pt'C"ll a~Ill'nl.S .nd all other dlarg.. against the Property
<br />&lid. upon wri~en demand by Mm:f.&alW. to add '0 the plIYIII........ '''QuIl.d und.. the Note ..currod hereby. such amouot as
<br />,*,y b<l5llfflciellt t:o enabW th.. MortPC"" 10 pay such lAx.... "'.....MtK'flll> or vth", I'harees as they become due.
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<br />4. 1__. To ke.p the impmve"...n", now or here.fun iOUlt~d on the r~al t'SIllL~ ikscnbed berein lluured
<br />~ ~ by lite and sucb other blLUllU lIS MUl'tga.get' lIlay fl',!u"e. in atnoullLs and WIth l:Ompalll." acrepllllrle to the
<br />~, and with h)fili payal>>.. w tbe Mor'll.... in "..... of I"", und.. .och polte'... Ih~ Mortgag"!' is autholized to
<br />lKl~ ooI"""t and oompruml..,. ill its d...."'.....n. all clallllS th~reun<le' at its sole vptiOIl, authoriZt'd tn .ither apply the
<br />~ to the _t:ora.l.ion ollb.. Pruil"ny 01 UpOll the llldebtedn..". ...ured h~reby. but payment.; hl',,'unikr lilla/I CO".
<br />~ IUIW tbe_"""weG beNby are paid in full.
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<br />Ii. 0 Eaetow FOf T_ and lDlil1r_, Nolwithsuwding anythini l'Onllllll"d m paragraphs 3 alld 4 h....or to tbe
<br />~. ~O< .ohalI pay to Ur;, Mor~ at l:h" time Qf paylflj\ th. "umthly lll'IllHroents of pnnclpal and inle_t,
<br />OlttI4_naof tbe yMriy lax,,", _..to, lulurd imullll>ce !'fl'miuffi>. a"d ground rent;; {If allY I Which may .ttam a
<br />pliulUy ....." thil. Mortpp, all "" ,...oo-.bIy estimated from ti"K' to hme by the Mor41~, 'f'I\e amounts 50 paid shall be
<br />'-ld IlJ .iAMI. ~ wtlJwlit inll>.....t and appf~d 10 th. payment or tho items in resf><'Ct 10 which such amounts w.re
<br />~',""' I!lIDi$. plli4 t:o ~ hervwulet ate ploHI,.c liS additional ."""rily fot Ul. inikbt...al1OS.\ .~cured by tbis
<br />........Mort.IOUI~all..)' t:o ~ the _nt of Illy ikficie"cy bEot.....,n th" aduall"""". ......~ffl<!nLs, InsUlant"
<br />~ lID4 ,,_II Hila and tlut ~ta IleWUlldttt with!tl 10 days .Cl.f;r de/llillld i5 lIlade "pOll MUlt...,,,, requKtin&
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<br />$". .......~an4u.. 1'0 promptly l'Ilpalr, lO'str>re Or l'I'build allY bulldmCS or Impro..mt'n", now (ir
<br />~.QIt.!tIlI "'rty, 19 u.:p IJw I'l'<liWrtJf in tlwd ro.nd!tiOll and re1)air, wilhwt wtit.. and r_ from lIl""hMI!<,'S 0'
<br />.....~OOlnJN!!lli!ly .~Io!d to tile lI<Ill b'.R<Of; O(lt to mal:i...ll(frJ or J!l'rmit any nUi>llllCl' to ~""l, llor!O d'IfIiIl
<br />. ot .~ Ill<< ,,_ rd !till ~y b)' allY Ael Of OfntWon t:oild; and to comply "lth all JeQWreul<'ut.> ..flaw Wilh
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