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<br />83- 0064/9
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<br />MORTGAGE
<br />
<br />r
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<br />This Mortpce isenteled Into between CHARLES D. B:i'3SELMAN, a married man
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<br />(belein "Mortgllll<!r") and
<br />'!HE.OVERLAND NATIONAL BANK OF GRA."ID lSLAND, Grand Island, Nebraska (helein "Mortgagee").
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<br />MDrtpcor Is indebted to Mortgagee in the principal sum of $ 177, 500. 00, evidenced by Mortgagor's note
<br />
<br />dated Decanber 7, 1983 . (herein "Note") providing for payments of principal and interest, with the balance of the.
<br />Decarber 5, 1986
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<br />indebtedness, if not 1iOODef paid, due and payable on
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<br />To seWle the payment of the Note. with interest as provided therein. the payment of all other sums, with interest,
<br />advanced by Mortgagee to protect the security of tbisMortgage, and the performance of the covenants and.agreements of
<br />the Mortgagor oontailled; betmn, ~or does. heNby mortpge and convey to Mortgagee the following described
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<br />property loeated in Hall County, Nebraska:
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<br />A tract of land COIIJlrising a part of the l'brthwest Quarter of the Northwest Quarter
<br />(NWtNW!) of Secti.on Eight (8), TOMlship Ten (10) North, Range Nine (9) West of the
<br />6th P.M. in Hall County, Nebraska, nnre particularly described as follows:
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<br />Beginning at the Northeast corner o.f said Northwest ~ter of the Northwest Quarter
<br />(NWiNWt); thence Southerly along the F..ast line of said Northwest Quarter of the
<br />Northwest Quarter (NW!NWt), adistance of Five Hundred Thirty-Nine (539.0) feet; thence
<br />Westerly parallel to the North line of said SElction Eight (R), a distance of Three
<br />lfundred'TWenty-Seven (327.0) feet; thElnce Northerly parallel to the F1lSt line of said
<br />North\\est Quarter of the North\\'€St ~mrter (NlV!NWt), a distance of Five Htmdred
<br />Thirty-Nine (539.0) feet. to the North line of said Section Eight (8); thence FJ:lSterly
<br />along the l'brth line of said Section Eight (8), a distance of Three lfundred Tweoty-
<br />Seven (327.0) feet to the place of reg-inning- and containing 4.046 acres rrore or less.
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<br />Transfer of Pmperty. If all or any part of the Property or ,my i.nterest of ~lortg-agor
<br />tner.:nn IS SOla, tran.s ferred or furtl~r encwtJeNd withou t the p.xpre.s.s \'Ti tten coo~nt
<br />of the t.brt~. Mort,,',l~.'ee ma.\', at I t5.' 8.0. Ie opt lOn, declare aU S"Ul1lS secured by thIS
<br />~brtgage to be irtlJEdiateI\' clue' ,md navable, '
<br />Toptbltt with all buildinllll, rinpro.~D1t'nls. fixtu..... stnlels, alleys, paa8Itlw.ys, ~....ments, righ~" privileges IlIId
<br />.ppwte.....- loeated th_ or in anywise pertainiDl thereto, and th~ renls, issues and profits, revelSlons and lemalnders
<br />thereof; b>duding, but not limited 10, healing and cooIInC equipment and sueb personal property that Is attached to the
<br />lmpro_ls 50 as to conatitute . firwre; all of which, inc:ludinc "'placements .nd additions thereto, is hereby dee1ared
<br />10 be a part of the real eslate secured by the lien of this Mortpce and aU of the fore!lOinC being refe.....d to herein .. the
<br />~Property" ,
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<br />Jdortcqor further eon..."a'"" and......., with Mort.......,... follows:
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<br />L hyoMnL To pay the indebtedness and the intelt'llt the"",n as provided in this Mnrtgage and tbe Note,
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<br />1. Tlu... Morteaeor is the owner of the Property. bas the right and authority to mortgage the Property, and
<br />-- that the lien created hereby is a fitst and prior lien on the Property. except as may otherwise be ..t forth helein.
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<br />o TIle Prop.rty is subject io a Mortcall<' wherein
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<br />is the M........., IWeOrded at Book _ . Page _ of the Mortgage Records of
<br />Nebraska, whidl Mortgqo is a U... prior to lbe lien Cle.ted bereby.
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<br />o Other prior "- or eneumbnm....:
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<br />County,
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<br />L
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<br />II ~ "-IL To pay wben due all taxes, spedal_men_ and all other c:Iuuges against the Property
<br />and. lIpQII WII_ ~ by ~. to add to the paymenlli required under the Note secwed h"leby. sueb amount as
<br />Jay be ...ftlelmt to _bole th. MortcIfee to pay IUd1 taxes, _ntl or oth.r charges III th.y bf>eome due.
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<br />.. ~ To k""P!be lm~.momts nnw or bernfter loeated on the leal estate dMCribed berein insured
<br />...... ...... by 11ft! and suc:b otbf>r haunls IS Mortgqef> may require, in amounts and with companies ac:ceptable to the
<br />Mortppe, and wItlt 1_ pa)'llbM to the ~, In """" of 1_ under such policies the Mortgacee is authorized to
<br />-;.to c:oDeet and~, in ila diImotioft, all claims thereunder .t Its sole option, authorized to either apply the
<br />........ tollle.NStonItiolI of the Property or upon. the incWbtednao """"",d bereby, but paYmellla heleunder sbaU con.
<br />u.e. WUIl the _......MNiIy _ pUd in full.
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<br />li. 0 EacIoor- FOir .Ta.lIIld l-.Nolwitbatandinc anythlnc contained In plII'aIIlIpbs 3 and 4 hel'llOf to the
<br />~,~ abaI1 PliJtothe ~ .t the Urn. oC paylnc th.. monthly installments of principal and inte....t,
<br />___-ot'...Y8d1....~"" ~Imu_ .....miums, llIld IfOIIIld rents (if any) whidl may .ttaln .
<br />pdcIdtJ..- tiIiII~alI: . ........, utI_ted from time to Umeo by tb<! Mortpaee. The amounts so paid shall be
<br />_. tlIII.......__~ llIldapplled to lIle payment or th. i_ In retpeCt to ."bleh sueb .mounts ""le
<br />~"'--Md to. ......... hemInder._ p/edIId .lddillonal _lity tor th.. indebtednMo aeenll!d by thit
<br />.......~_.., to~ lIle _ ofanycWfIcIeoney I>>tw_ thnclUal taxes, .-menta. insurance
<br />_ .........--- _.1lIe dapoalta Mnnmcler w1tbln 10 days after ckmwId is mado! upoo Mortcacor RlquMtlng
<br />..,....,~
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<br />1i~...Ml1lnll 'lIIIll u... "" #fOIIIPIlY NP*, __ or ntbulId uy bllildblp or lm~llta now or
<br />~__~,IO...., ._..~ ItlJl104 ~ _lOIpaIr, w1tbout _. and treeo CroIlI meocbanle'. or
<br />.......tMIlftl!lill!lilflll~toV.llel!llleMlt(llOlto lIlake,ttdfnorpenalhtty nlllaallce to exist, nor 10 dimin.
<br />!oil ...............tttbe ~ by. .)'1Mlt or 0IJIlIIi0D to Illt1l11ld to eoIIl1ltY with all mqul_ta of law with
<br />.......~'*"'~.
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