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<br />83- 005211
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<br />REAL ESTATE MORTGAGE
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<br />THIS MORTGAGE is entered into between RONALD H. BERNT and
<br />CONNIE K. BERNT, husband and wife, each in his and her own
<br />interest, and as spouse of the other, herein referred to as
<br />"Mortgagor", and MAx J. RAUERT, JR., a single man, DAVID RAUERT,
<br />a single man, CONNIE A. LEWANDOWSKI and MARVIN A. LEWANDOWSKI,
<br />wife and husband, and DEBORAH DAPPER and HOWARD DAPFER, JR.,
<br />wife and husband, herein referred to as "Mortgagee".
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<br />Mortgagor is indebted to Mortgagee in the principal sum of
<br />Forty-Two Thousand Five Hundred Dollars ($42,500.00), evidenced
<br />by Mortgagor's Note dated September 26, 1983, providing' for pay-
<br />ment of principal and interest, with the balance of the indebted-
<br />ness, if not sooner paid, due and payable on September 15, 1988.
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<br />To secure the payment of the Note, with interest as provided
<br />therein, the payment of all other sums, with interest, advanced
<br />by Mortgagee to protect the security of this Mortgage, and the
<br />performance of the covenants and agreements of the Mortgagor con-
<br />tained herein, Mortgagor does hereby mortgage and convey to
<br />Mortgagee the following-described property located in Hall County,
<br />Nebraska:
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<br />Lot One (1), Rauert Subdivision in Hall County,
<br />Nebraska, being the Southwest Quarter (SW\) of
<br />Section Eight (8), Township Twleve (12) North,
<br />Range Nine (9), West of the 6th P.M., Hall
<br />County, Nebraska,
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<br />together with all buildings, improvements, fixtures, easements,
<br />rights, privileges and appurtenances located thereon or in any way
<br />pertaining thereto, and the rents, issues and profits, reversions
<br />and remainders thereof; including, but not limited to, heating and
<br />cooling equipment and such personal property as attached to the
<br />improvements so as to constitute a fixture; all of which, includ-
<br />ing replacements and additions thereto, is hereby declared to be
<br />a part of the real estate secured by the lien of this Mortgage
<br />and all of the foregoing being referred to herein as the "property".
<br />
<br />Mortgagor further covenants and agrees with Mortgagee as
<br />follows:
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<br />1. Payment. To pay the indebtedness and the interest thereon
<br />as provided in this Mortgage and the Note.
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<br />2. Title. Mortgagor is the owner of property, has the right
<br />and authority to mortgage the property, and warrants that the lien
<br />created hereby is a first and prior lien on the property.
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<br />3. Taxes, Assessments. To pay when due all taxes, special
<br />assessments and all other charges against the property and, upon
<br />written demand by Mortgagee, to add to the payments required under
<br />the Note secured hereby, such amount as may be sufficient to enable
<br />the Mortgagee to pay such taxes, assessments or other charges as
<br />they become due.
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<br />4. Insurance. To keep the improvements now or hereafter
<br />located on the real estate described herein insured against damage
<br />by fire and slich other hazards as Mortgagee may require, in amounts
<br />and with companies acceptable to the Mortgagee and with loss payable
<br />to the Mortgagee. In case of loss under such policies, the Mortgagee
<br />is authorized to adjust, collect and compromise, in the discretion
<br />of the Mortgagee, all claims thereunder at ~lortgagee' s solee option
<br />artd tQ apply tl1e proceedS upon the indebtedness secured hereby with
<br />payments hereunder continuing until the sums secured hereby are
<br />paid in full,
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<br />s. Rlil;pair, Maintenance and Use. '1'0 promptly repair, restore
<br />or r@l.lild any buildings or improvements now or hereafter on the
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