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<br />84-
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<br />OPEN-END REAL ESTATE MORTG AGE
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<br />r
<br />002861
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<br />Account No.
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<br />41765-0
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<br />_m.}g"!L.l'.,..l<,,,llo.&g, ,,/k/a J""nF, Lopes and .E:dl11und H'mLop"s, WJJ:."m,mc;l..l:I\J.~p.<lp'd, heremafter
<br />calied the "\1ortgagor", dC1e~ hnc\-\ r110rlgage l'~" I, J:v'.'.'lng d~',,\:rJ"\:d
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<br />r
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<br />. ..E8~t".rly'_Si"ty. andSix..tenths . (60,6) feet of Lot Seven (7) in Bl'?cl<..TI1I:e..e.J},L......,..
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<br />in W.este.rI1,?f.f's First Subdivision in the city of Grand Is.1.".n~.,. ..~.U., Cg,t1.Il.t:y_'---'m...........,
<br />Nebraska
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<br />........._._.,__..................... .._. ....... ..... _.........___.__n.___h_____._h.____"_......
<br />hereinafter l'alled the "premIses", :'~ Bell Federal Credit Union, here!nafter .:alled the~~ortga&ee". In considerauon of the
<br />amount, fln:mced h\ 1h(' \lortga.gee In. the -,t;!TJ 01 .?~y~.~...1'h9.1,!.$.;.;JJJ..q...~U)d_ ..QQIl.QO.t.b.s...D.o~1.ax:s.7....:_::....7....7....:-:...::....::_..:::
<br />_..::_n_:..n:____~m.~m_:__..:....~m:-:._..~.....~....._:_.m._=...~.._.::..._~. -:.___~ is .?.999~ 99. J.lece:;:OT "f which IS hereby acknowledged. and in
<br />cansideratlon of covenants and ag.reer>len~" hC!elf1afler -.et ~',-,rrh:
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<br />PROMISSORY NOTE: Th's mortgage 1S gIVen 10 secure paymert of Ih(! dmount hnanced TOgether wIth Interest. according to the terms of
<br />the Mortgagor's promissory note of IhlS daie
<br />ADDITIONAL ADVANCES: ThIs mortgage shall secure any addltlonal amounts financed together witt> Interest, whIch may be made at the
<br />mortgagee's optron at any lime before the release of thiS mortgage prOVided, the aggregate amount secured shall not excc-ed the maximum
<br />amount permitted by law, except that nothinq hereIn con tamed shall be conSidered as ilmlting the advances sect.:red herein which are made to
<br />protect the secunty or made on accordance WIth covenants contained In thIS mortgage. Any additIonal advances, with inrerest, made by the
<br />mortgagee to the mortgagors, or theIr Sllccessors In tltle. for any purpose, dt any time before the release and cancellation of this mortgage, but
<br />. 'vJ lime shall the aggregate prmclpal ...mount secured by this mortgage, bemg the amount due at any tIme on said original nore and any
<br />addltlOnal advances made, ~xceed the ongmai prrncipal amount secured by this mortgage, being the sum as set forth abovt!'. provided that
<br />nothing herem contained shaH be conSfdered as limIting the amounts ~hat shatl be secured hereby when advanced to protect the secunty Of in
<br />accordance \N!th convenants con,alned In the mortgage.
<br />WARRANTY: The Mortgagor hereby covenants WIth the Mortgagee that the MortgalJor IS lawfully seized of the premises, that the premIses
<br />are free from enCUMbrances; that Morrgagor has good, nght and lawful authonty to convey the premises, and that the Mortgagor warrants and
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<br />Will defend the title agamst the lawful claIms ot all persons whomsoever. except.
<br />.. N.oEJ{ceptions
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<br />OWNERSHIP: If there IS any change In the ownershIp of ,he premIses by sale or otherWIse, then at the ejeCtion of the Mortgagee the unpaid
<br />balance of the amount financed Includlnq <lddrtfonal amounts /;nanced together wqh Interest shall become due and payable at once WIthout
<br />demand or notlC€
<br />INSURANCE AND TAXES: The Mortgagor shali ma.Mam trre, Windstorm and extended coverage insurance upon the premises In an amount
<br />not less than the ondebtedness due the Mortgagee WIth a joss-payable clause In favor of Mortgagee. The Mortgagor agrees not to commIt nor
<br />permit waste on the premises. The Mortgagor shall pay all the taxes, ievws and assessments upon the premises before they become delinQuent,
<br />In the event the Monga9or shall fall to obtaIn Insurance or pay taxes and other lien!. betore delmquent, the Mortgagee may either pay thefT>,
<br />creatmg a lien secured her~bv 'or thf"l amounts so advanced together WIth Interest at the G(lnual percentage rate ot twelve per r;::ent 112%); or
<br />consider Mortgagor 'n defaUlt
<br />DEFAULT: The Mortgagor's In default If any of the terms and conditIOns at thIS mortgage or the promIssory nots or notes secured hereby are
<br />breached. Upon default, the Mortgagee .v!thout demand or notIce may declare the entlfe debt secured by \t.IS mortgage due at once and may
<br />foreclose thIS mortgage for the satIsfaction thereof
<br />RENTS: All rents and profitS denved from the premIses are hereby aSSIgned to the Mortgagee and upon default such rents and profits shall be
<br />paid dm~ctly to the Mortgagee to be dpplled agamst the unpaId balance of any and all advances secured hereby together with lnterest_ Upon
<br />default the Mortgagee shall be entltled to ;mmedlate posseSSIon of the premises. The Mortgagor Irrevocably appOInts the Mortgagee and its
<br />assigns and successors hIS attorney.,n fact to rent, manage and maintain the premises as It deems best. and the Mortgagor further agrees to pay
<br />saId attorney a feasonable fee for such servIces.
<br />
<br />SlJ:~.nC"J
<br />
<br />.':~oan..if~;~~~~,~~.~-:-:-~~,~~,-~~...:
<br />x,,~.Tjl~
<br />
<br />Edmund H. Lopes
<br />
<br />STATE OF
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<br />Nebraska
<br />
<br />COUNTY OF...H~JJ.
<br />
<br />:-.s.
<br />
<br />\ hJrt ga gur
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<br />Ht;'I<'.r,' :IW, " \i~)I~I, P\lhl\~' ,\Llul1l1.:d for .:-;ald county, personally came
<br />Joan F. KellogK, a/k/a Joan. .F.. Lop.es"aIld' E.~lD~n<l,...Il.,m_,~"P,~,~........,.......
<br />1\) :'l~. I,..f:tl\\.11 1,-' bt" the IJC"ll1\~ ,d per'-,un \\It'' ~lg.ncd the lnrt'golng Instrument and acknowl.
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<br />..........UY-............ d !ht' :::>,.e~ till~'n Iht"!t""l \l' he
<br />OOHNE E. ClS1IIlIMN
<br />..c-.u,....lf.~ \\Ir:'a.ss ~m it,llld "lid
<br />
<br />tile)".
<br />
<br />\\..llunlarv act and deed.
<br />
<br />\1y ('omml~~I(1n t,.,pHe~:
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<br />March 10, 1986
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<br />"'C::::L~~~I~ 84
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<br /> BFCU form l05.A
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