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<br />r <br /> <br />O-:"l~1:\ <br />?.J,:>_tj (j 5 6 3 7 <br /> <br />REAL ESTATE MORTGAGE <br /> <br /> <br />KNOW ALL MEN BY TriESE PRESENTS: <br /> <br />THAT <br /> <br />WESTERN HEIGm'S IJEVELCPMENT CO., A Nebraska Corporation <br /> <br />(whether one or more, herein called Mortgagor) of Hall <br /> <br />County and State of Neb~ska , in consideration of <br /> <br />the sum of Pitty TOOusand fullars and No/l()(}--------f)()LLARS <br /> <br />in hand paid, do hereby SELL and CONVEY unto THE OVERLA.lIlD NATICNAL <br /> <br />13A~ OF GRr'\ND ISLAND, Grand Island, "ebraska (herein called Mortgagee) <br /> <br />of 11.-.11 County, and State of Nebraska <br /> <br />the following described premises situated in }Wll <br /> <br />County, and State of Nebr'd.ska , to-wit: <br /> <br />wts One (1) thl'OUj,>TI 'l11ree (31. Lot!; Pi \'e (5) through 1\,'(>1 ve (12), Lots <br />fifteen (15) thro1.lgh T...emy-Six (26). all incl usi VI", Western Heights <br />Fourth Subdi \'i810n, !fall County, Nebra..ska, <br /> <br />The intention being to convey hereby an absolute title in fee <br />simple including all the rights of homestead and marital rights, <br />if any. <br /> <br />L <br /> <br />TO HAVE AND TO HOLD the premises described, with all the <br />appurtenances thereunto belonging unto the said mortgagee or <br />mortgagees and to its successors and assigns, forever, provided <br />always, and these presents are upon the express condition that <br />~f said mortgagor or mortgagors, its. his, her or their heirs, <br />personal representatives, successors or assigns shall payor <br />cause to be paid to the said mortgagee or mortgagees and to its <br />successors or assigns the sum of FDrl \-'nll~,(' Tlx)ustmd Nine Ilundl't>d 'l11i1't\'--0l1e and <br />Dollars presently advdnced and the amount of future advances to 62/100 <br />the Mortgagor which together with the amount presently advanced <br />shull not exceed the total sum of VHty TI1(lt~"lUld :md :-.k)/HXl <br />Dollars at anyone time unpaid and outstanding, due and payable, <br />with interest, according to the terms of the mortgagor's promis- <br />sory note(s) referring to this mortgage and evidencing such <br />advances, it being the intention and agreement of the parties that <br />the mortgagor will from time to time repay advances secured by <br />this mortgage according to the terms of promissory note I.) <br />evidencing the same and the mortgagee from time to time may, at <br />its option, make future additional advances and readvances and <br />renew or extend note(sl evidencing outstanding indebtedness which <br />shall be secured hereby; provided only that the total principal <br />amount of unpaid indebtedness secured by this mortgage shall not <br />at anyone time exceed the maximum amount above stated plus any <br />~dv~nc~& to protect the security. The mortgagor shall pay all <br />taxes and any interest and maturing installments or principal <br />due on any prior mortgage and assessments levied upon said real <br />estate and all other taxes, levies and assessments levied upon <br />this mortgage or the debt which this mortgage is given to secure, <br />before the same becomes delinquent and keep any buildings on <br />said premises insured for the sum of $ , 108S, if <br />any, payable to such first mortgagees or this mortgagee, or both, <br />then these presents shall be void, otherwise to be and remain in <br />full force. <br /> <br />IT IS FURTHER AGREED (11 That if said mortgagor shall fail <br />to pay such taxes and such interest on, or mat.uring installments <br />ot principal, due on any prior mortgage and procure such insurance, <br />