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<br />MORTGAGE
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<br />THIS INDENTURE, Made and Executed this ~ day of __!'!..~_ A.D. lJ!~ b.Yandbetween
<br />Lynn R. Brannick and Monna R. Brennick, husband and wa~e
<br />pIl1'tyofthe firllt part, and North Loup Valley Bank, North Loup, Nebraska
<br />pIl1'ty of the second part.
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<br />83~06455
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<br />WITNESSETH, wt the said pIl1'ty of the first part, for and as ~urity for their ~tee of the ~debtednessof
<br />Lynn R. Brennick and Monna R. Brennlck, husband and w.fa ...
<br />bas granted, bargained, sold and conveyed, and by these presents, does grant, bargain, sell and cOIIvey, unto said
<br />pIl1'ty of the second part, the following described real property situated in the County of _ Hal 1____ and
<br />Slate of. Nebraska, to-wit
<br />Lot 42, Block I,Dale Roush 2nd Subdivision, Grand Island, Hall
<br />County, Nebraska
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<br />
<br />together with all the tenements, hereditaments and appurtenances to the same belooglng, and all the estate, title,
<br />dower right of homestead, claims and demands whatsoever of the said party of the first part of, in or to said premises
<br />or any part, thereof; and said party of the first part does hereby covenant, that said party of the first part is lawfully
<br />seizad of said premises, that said premises are free from incumbrance and wt said party of the first part will war.
<br />rant and defend the title to said premises against the lawful claims and demands of all persons whomsoever.
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<br />PROVIDED ALWAYS, and these presents are upon these conditions:
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<br />WHEREAS, said party of the first part bas e.xe<.'IIled and delivered to the said party of the second. part their
<br />guaranty dated _J:J.Q.Y_,._.~~..L.J _9.~._L_ ._... of the obligations of ..LY_z:t.!LJ:{..,_...Jl.s..~.E_i...2..!i. and__
<br />Monna R. Brennick, husband and wife
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<br />and whereas, the party of the first part bas agreed to keep the buildings, if any, upon said premises, insured in some
<br />company or companies approved by said party of the second part. for the sum not less than insurable value,
<br />and deliver to said party of the second part the policy or policies containing a clause with the loss payable to said
<br />party of the second part, or assigns, and has agreed to pay all taxes and assessments against said premises before the
<br />same, by law, becomes delinquent, and has agreed that if said party of the first part does not pro\~de such insurance,
<br />or fails to pay all taxes as aforesaid. then said party of the second part. or holder hereof, may pay such insurance and
<br />taxes, or either of them, and all amounts so paid by said party of the second part shall bear interest at the rate of nine
<br />per cent per annum from the date of payment, and this mortgage shall stand as security therefor, and said sum may
<br />be added to the amount of the mortgage debt, and the same recovered as a part thereof. Now. if the said party of the
<br />first part shall well and truly perlorm all of the obligations of said guaranty and shall keep said buildings insured as
<br />aforesaid, and shall keep all taxes and assessments paid, and shall duly keep, and perform all the ott-. 'ovenants
<br />and agreements herein contained, then these presents to be null and void. But if said sum of money or any p, rt thereof,
<br />or any interest lbereoo, is t!Ol paid when the same is due, or if said buildings shall not be kept insured as aforesaid,
<br />or if the taxes and assessments against said premises are not paid at or hefore the lime the same become by law
<br />delinqllellt, or if said party of the first part shall fall to keep and perform any covenant herein contained, the holder may
<br />maintain an action at law or equity to recover the same, and the t'Ommcllccmcllt of such action shall be the oniy
<br />notice of the exercise of said option required.
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<br />AND IT IS FURTHER PROVIDED AND AGREED, that the said Mortgagor shall and will pay all taxes levied
<br />upon tbis mortgage or the debt secured thereby, together with any other taxes or assessments which may be levied
<br />under the laws of Nebraska. against the said Mortgagee or the legal holder of the said mortgage on account of this
<br />indebtedness.
<br />
<br />IN TESTIMONY WHEREOF,. !',Y.DI!a, B.L"U.lli...cJ{(; .~l o..I1.!'..a. .)i, ..IJ.r:.!'.I1}:,.i..,,-~ HEREUNTO
<br />set their hands the date above written.
<br />
<br />IN PRESENCE OF
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<br />STATE OF NEBRASKA
<br />County of t+ <l.SLQ.
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<br />Oa tbe~~. day of _.~_bf...c._.__.__._ A. D. j'l.K~ belore me, 8 Notary Public in arut for the
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<br />=~~ :~~:::.u~;;.;;;;.;~~~-~~..~;rl~~~:-~~.!': ~~
<br />lIIld ....~.llIl4 in:stnlmellI to be their \'OluntaQ' act and deed.
<br />
<br />~by l-" and Nol#laI S.l the date last afomald.
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<br />M1..~~lllltlea~~dayol ,rn::w:::..~._._.._- A. D.~'l1T Publlc
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