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<br />83--- 005899
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<br />REAL ESTATE MORTGAGE
<br />(Open-End, To Secure Present and Future Obligations and Advances)
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<br />KNOW All MEN BYTHESE PIlESENTS: Thai ~in and Eleanor Ruge . ilindlvlduals.
<br />jointfy and severally. restding tn Ha~ 1 County. Neb ra ska ; and if a corporation or other business entity, with Its
<br />ptfncjpalplace of bUsiness- ill County. , (hereinafter referred 10 as "MortgagOr") in-considtra-
<br />tionof-aHMoftgagor'sind&btedness.liabmlies.andobUgationsto rnmm-';:'Y't"";A1 NAt-inn..:il 'R~n'k- K. rJ1Tl1c:t ('0
<br />of f.i--;q,-' 1 County, State Of ~1:1< hy;:a c:.lr ~ ('"Mortgagee"). now ex.istlng or hereafter incurred. and _other valuaDJe consideratiOn in-hand ~id.
<br />does hereby sell and convey unto MortoaiJee the follOwing described premises situaled in _.J!i!..~l____ County and State of N ehr a s ka
<br />lo'wtt:
<br />
<br />Lot Ten (10) Jone's Addition to City of Grand Island, Hall County,
<br />Nebraska.
<br />Street Address: 232 South Oak Street, Grand Island, Ne.
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<br />togefher with.tn of the ngnt. tItle, and inter-est of the Mortgagor In saK1 property now owned or MreaMer Jtoum:\J and aU bUllamgs, !fnprovements. and fIxtures o'-any type
<br />now or Aefeafter Placed on said real-property and all easements, nghts. aDPurlenanCe5, (fUltS. royalties ~l iind gas oghts and proftts. waler. water rignts, and.wat9f" stock..
<br />and au 11l1ilurts DOW Of l'l.ereaner anachtij tQ the foregoing oescnbed property, all 01 Whlcn Ill-eluding rt>j.1k1\:f'rnenIS and 3(1dnions thereto, stlaU be aeemed fO be and remain
<br />pan: of 1he property cover-eo by thiS ~ortga-ge ;.\ll 01 the !oregolng oroperly shaH be COlletttvely heremJIlf:j! le!p,rred 10 as the PremIses.
<br />ThtS mortga9flIS gi....en 10 secure ,l certai'r\ proonssory note 031eO ._---E.xhi.bi.'t.-.. A_ ._. !!llhe prioC!pai sum 01 . ..Exb.illtJ_
<br />_____.____..~__~.._ __,__E.xb.ibi.-~_A_"._~ .. _~__.~_._ Dollars ($E.x.hib-Lt..A_i. aM mleresl theroon aecofdiog to tl1e terms 01
<br />saW note and any all(! al-l extel1SIDOS, renewa!S, mOdlhcallons or Si,lDSl!tuMf\S lhereol dncl each and eveI)' deot IJabllity aM Obllgahcn of every type and description which the
<br />Mott~ tN";' now or at any lime h.eleittter owe to !I'le Mortgagee whether SuCh debt. llablllly or obllgatlon 'lOW eXIsts or !$ or may tie Qlrect or mdlrect. due or ta become
<br />Due. absolute or cootlnqe-ni~ Dfltnary l)i Sewrn1ary. IIQuidalea Jy. unhauloa!ed, QI IOtnt several or !omt ana severai all SUCh debts !iabJIllles, and obhgaMns aU collectIvely
<br />hereinafter referreil 10 <is 'Obhgatll:ms
<br />The total prmopai amoont, elf.cIUSM! (11 mter.esl. m the Obhgahons lntlvdlO!) any !u!ure Oebts J(!vanCes !lablhtles or ODHgatlons, not mCludmg however any sums ad-
<br />yanced fQftne protet1JOf!Ol ;he Premrsesor tne Mortgagee S InTerest thereffl sMl! no, e):ceea lh~ sum ol l'hx...e..e_.1i.u.n.dr..e...d.._..F.i f ty 'Ph on ~ a nd
<br />an d no /100 - - -- __=-=--=--=-=:_'":--=-=..:: - - - -Dollars (S____.-J._5 Q....__OJ10......"Q.0'. provIded. hOwever that nothing conlalned herein shallconstitule
<br />a comrmtmenl to make adC;llOnal or lulUle loans or aO'l'ances In any amount
<br />The M(lt1~ ~feby wa(fa.nt~ lfl,ii II is fee owner of 1M mOr1g3gM rea! pw.oem that li w!t! or;enQ ;ne l!Ue agalosl all Clal:TliHl\S WhO!Tl'ioe..er. ana It reHnQUlShes aU
<br />rIghts 0'1 nomestead m -saUl Prttrmses Jnd cCJveflaots <1m; agrees 'iltn tile M&'lgaget a')- IO!lOWS
<br />I To pay wMn OJ.Je a.il t.3.l!$ "enS.luagl!~f1lS Dr aSSI::S-!i-menIS WfilCn!f\JY ne ,,jw!uuy a~sessea Jt;al!1':ll1'\f Premises ilncllhe rental cl1ar~e<; !Jporl any ieases ~sslgned
<br />as. Y.!(2tfl(mal secunly lor !!'..s Mo.n;;.'tl}t
<br />2 To lflsurf aM liMO msureo-I!'!t PtE!fflISeS aM O.I'ltf Improvements now 00 or which moly rlerfJ;!1e' O~ pL1cell on SJ!t1 Pfemlses to 11'lE~ satlslac!ton (}f 1M Mortgagee
<br />Any pOhty r.Mltl'\tlf!g such IMUrarn:.e snifl be encofSea 'Ntth a mcfloagH: toss pclyaote ci"use, aPOfo~d Dv <iral Hll,wor ot Mortgagee and deocslteU WIth Ihe Mortgagee and
<br />wltn an., io-ss lh@rt-umm Ie; Of! pavat'lte !o VortgaOM: A!lht 001:01'1 1)! t!'"le MOf1!jag~ !iVll'1S so re(f!lveO Oy Mortgagee (l-f Mortgagor may tiEl used 10 pay fOf reconslruction
<br /> 01
<br />lhe oe.woy~ PrfflltSe!; Of II no1 s.o apOH~11 may afl~ QOt~o ol!!\t Mortgagee be JPpll1!O .n oav~I1' O! ;If'\, Obhgahons rnatured or unmalul'eO secured by ItlIS Mortgage
<br />), To !l:et~ an OlJ.f1dmgs OCClJ~ aNi In Qood !filitr J.m:i!O relram lfOOl tN! -COmO'Is.Slon o! an,!,' 3CI~ 01 ft>P1'JY,):, demo/lIIQn, or Impalfmen1 af the PremIses, no! 10 cut or
<br />remove. tH' pe-t"nu110 t)etut or removeo any wiJO(! Of lImber 1rum saId reaJ properly, .l\'!C nQf to comrmt or ~1'l:I'l ally waste-Of lmp8mnenl o.lltle value ollne secunty: locontili.
<br />uousty p!JChee aPDrO\'elJ mefhods 01 fanning on SiJ(3 P,emtSes 10 prettenl erosm.f'! afl() tM spre-ad at r'lo.-oou-s and oamaQlC'!Q weeDS, ana 10 oreserve 1M fertdlty of the SOIl
<br />4 Tl'liIt i!l: ~ !-"to ;J;W;lrOS: Ga't'lOie is d.ltF-.agtts a1 compen-s.llJC1'l fOJ 1M LtkHl9 ~t !llle to or plJs~eSSlO-n 0-1 or lor damage to any pot1lon of the Premises by reason 01
<br />any~natlOf\. emtnent ~n, ctw'tge o-f grlCe. Of atMf SXoc:eeam9 ,naU. at tne OJ)hOO O'f the Morl94Qte, bt p311110 fhe- MOttgagee. aM such moneys aM awards are
<br />nereoy ISSlg.oeG to MOrtq.aQee. an(! N09meflf U'I-e,eklf -shait De "nwee I!'\ 1i1YOf !)f M'Jt1~, ana w~n Pd-!(j snaH be use<!. at liS opllon toward the paymenf Of lOe Otlhgahons
<br />securec !'\eftO)' In Sl.-'i;tI Qf~ Qf ma,r.-f.f:r as Mort~ 1Tiol)' oe-siu! or dt'lt!mme ;Jr shall be usee! oil itS OpllOO, iot payment o! la,;e~. aS5-/!ssmenls. rep':l:irSQr otller Ilems
<br /> lor the
<br />paY!'Fl("nt of wt\ltll t~ J,torrqage: ,$ Q'l~r. 015 secUHty whe!~~ tnt Sdmtl tlt InfO due ()f mlf. ArlO!/'! s.tiC~ {noer or manner as MOf1qagee-maydelermmb, iHlQ'anyamoont nol so
<br />used SNH be r~~ by !he UG!"1"Q1OH te 1M UOt1QiiOf Suell atwltUlIOl'l or !l!ieaSe Snail nol curf Of ~al'l'e: any Of!fault or IOfeclO5u~-J)I'OI;eediflQS. tn-lhe event Mort9ag~
<br />-deems it ~Sify ro appe.ir ~ inS-wefl" conoemnahonacl#l. !'luting or tlfoceedmg, MortgaQOr sh<:lll pay all tegalli(pef)5tilRcoonec:tlOfl tn~b.jfICkKJi!lg but not Iim.
<br />Itee to-atl{)(neys' f~ a(l(! ttlUrl COSIS. O1Ind un1:l ~ pa,iQ suCh e.pens.es, wllh !n!eresl i1 me rale 01 __._ percenl. sf1ar,-bf--attO!tt'tottnfObr~s secured hereby In
<br />such manner Of ct(1er .is Mort91o&e miy Qeslft Of determtne haVlfIl} Hie bene!!l 01 tn~ lien Cteifeo hereoy a~ a pan fltueol and ot lIs Pflorrly
<br />5 fnaf HI U1t' ~t MOf1g.agof !.!tiS m Ny 'tIIntn oue iOY lilies fernai tnargts iij)L\n any Ie:..m aSSt9n:tO as ~CltlOn3i S&ClJfl1y for thIS Mortgage, hens. judomen1s, or
<br />wess.mer.tt liwtull} .s~ .a.gal"$t lrtt Prt{ft!;'SeS. Of t'lt~ to lnatnta!f'\ lns.::afl--C-e J$ hefelObelort provtOed Mortgagee may make SU{t\ payment or o!(wlde SuCh Insurance,
<br />and 1he amoutlt{S} paW ltlefefOf shaU t.leWmt a o.=rt iX I~ OO\lQdtUlnS 5t!(l.lred ntrttl', Cue ana Oil'lolt)le iIlUl'ledl.1le:iy, 4/'10 snail bear mlerest al ttlll iate of ~~__,_._,
<br /> percent
<br />'* ~ t(OrTl 100 at thtI tIme tf'tI t.IortQa9M makes such payment
<br />6 i!\il mf,,! ~t Mot1gagor defaultS III tMpaymeflt 01 itnyot theOi1lJgatlOns Of of an,; mlerest thereon_ at!he lIme when!fle:>ame S.nall De due. or wilhreSf)eClloany
<br />~ Of cOfldlbOn ~, In.fl. at the op1IrOrI of M'Ot1QifOee, ttle t!fl1tre ObltgahOflS secureC netebv sha!! iO""hWn become due and payable. and lhe Mortgagee may Im-
<br />mecbitely foreclose thf$ MortQa\ll Of pursue tny other avadabie ~l r-emetty It! the mot 01 ~ ilC1tOn by MOl1Q!9e& kl enlorc-e collectIon 01 any 01 the Obligaltons mured
<br />herltly, the- ~ fOr__ tt\at any tIDeft$e Illt~OIng WI1hout iun~hon atlofneys:' 1eas aMI tC$lS InCuffed m conllectlOn lherewJ1h or InCUffed 10 procure Of extend an
<br />ib$lfJtt Of UUe sftltt wheft mQlrreG 01 pa;d by YQf1oagee. 0I<<lmt Ii pan ot tN Obhgiborrs secured n.reov and snail be paid by MortQ3gor logether wiln all of the taxable
<br />coot. o! wcll <<bOn
<br />1 Th.at In the event any iC'lM tS ocaugnl to I~ Iht$ MoflgaQI fOt all Of any D<1r1 of 1M Obbgal1QnS secured hereoy, tile MorlQaQee shall be entitled 10 Immed.ate
<br />~ of the mc.v.tg,aged pttmls.t:S. ana the court. Of a fUdge lhereof In v.1"'...I:\IOfI.. miy appotnt and the Mortgaoor MftlO'i coosents to the iPpomln\1tnl 01 a receIVer ro take
<br />QOSS:M$lOII ()t SiIC Premises to t-otiltt ifid rtc.ef\le fEints ano prOOts all$mc Il\ereffOJTl., and lrom any moneys so colleCted. 10 pay laxes, provldEl Insurance, make netdtd reo
<br />Pillfl.lO~ upon thI Pfemt$eS, ana make any O!:Mt elPl-OCUfutes authonltKlby 100 cOf,Jrt. "no app!y any sum rem.tlf\ing after lhe payment ot $uCh authorized ex"
<br />_.._t...OIJIi03,",",
<br />a Thit tiaure-or 0Ny Gt Mortgatee In DefCi$e i.ny of rts rtghts or prMle08s Qf 10 IMSoIS! ul^lfl slnet pertormance of any covenants or agreemenls of Mortgagor contim.
<br />10 in tM VOrtgage sna# MYtf be cons.ttued as a wan<< d loy requirement Of 0bUgJ,1a:.m of Mortgagor or rigfllOf rlJffie'd',' of Mortgagee conlaineo In Of based upon any 01 the
<br />llnM, llfO'M'O"S,.-, '" _Is" IIl1s M""-,,, ilOY ,"M'_
<br />9 r"" i1l GISI ot~ '" the ~ of any of IIIe Obaptions Of lP. Ci$t- or payment by Mortgagee of any hen JUdgment, loU, Insurance. cost. or e-xpeflS8, SilO
<br />........... iftitl hI'ft the- ptMlege. ~ ~ IN whote ~ due ~no payable, to foreclose on account 01 such specific default tor suth OtIhgattOflS as are in
<br />_ iOd sue!> '- ~ moy lIt\llrland ...__ _ may lit _. sut>jecllOlho unpaid Olllig.ilions "'olly socurod. and In.. Mortgage Shall
<br />_...... !or ony unpold __ o! I" ~
<br />\0, ~ awgft$ and dMers 10 trJe M~ at rtgM, ~lie. Interest. an4 0eminCI1O and kl renls and plofits 01 the Premtses "'"tl dots assioJi'l 10 Mortgagee aU
<br />...... ~ now Of Mruttef madt~ wtttlt:tt Of 0. 1nd 001$ empower ~ to toUec:t and receipt f01 aU renls MOl1gagor QtreclS aJl1tnanrs to PlY lent due Of
<br />..'.... M 10~. Tnt term uC tnG assignmem l$ untii 1M ~ il!e tuHy!)al\1 TniS ISStgnmtfll sl'~1t not tecome opefallvt untess oe.fatdt IS maoe In the
<br />_,_,__IIIIfl\'.....~"'I...~,
<br />11. U -Ifty pP1'qf tM- ~.. ~eca. SQIId ~ U. ptiof wNntn constflt of tne Mortoaoee. the Obh9aIIOfls may .11 tt!! optIon of ttle MortO"gH be detlaitd
<br />~ <lot _ IJIY_ _ "'" M\WI9OQt moy lit ""_ OS SOll\lnn 'n patog<_ 6 .nd 7 '" In.. Mon_
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<br />Ii r......_...kIo__IIIall....nd_.-wl>t\s_'"'c..1 "li9,Il~,
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<br />'-3 .... ~ ~ ,**" ~ u. pnor Wffnlfl- (onHnt ot MortlJi9lt, mortg;lgl .:If mtleNrise encwnOOI tN.> Pf-l'1ffilstS Qr lM'!fmlt t!\f! Pl'f)mI5es to 00 en'
<br />...... By~, ... ~ MitY. at MonPQlll ".ioft, dtldIt. j{l ~~t-I'o bt -Imme4lflti, ~t M'''o J)ayil)lll} Il:f'l:O !fl 'S-liCt> ewf'il t!'lls MortQ;ge m.ty t)e Iote:.
<br />doIttII is ... _ ",lW"'_. ""1 III 1M Mot1l1Ol1"
<br />14 J",.1JIy '!M.......__~DI ,.~-O!~. tn.n$UCf1 prf,N'l~ ~-bI;)\lt'mfQ- ~!ltlie Jri)t!l: l~ f~n.pt'\!f\9 pi"i)\'iSflltl~.lM -50,Mlln I"(lWif
<br />JlItci! ... .-. d ... ......
<br />~f,';QM-nt.M
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