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<br />REAL PROPERTY MORTGAGE
<br />
<br />84 - 004188
<br />
<br />Rex J. H, Otto and Helen M. Otto, Husband and Wife,
<br />
<br />herein called the Mortgagor, whether one or more, in consideration of
<br />
<br />ONEHllNTlRFn FOllRTHOllSANIl ANbNO/l 00---------------___________-'$ 10[" 000 00
<br />
<br />paid by Mortgagor, the receipt of which is hereby acknowledged, and assecu:r;ity
<br />for future advances that may be made from time to time as consideration for
<br />this mortgage, does mortgage to Norwest Bank Grand Island, N.A.:
<br />
<br />Lots Two (2), Three (3), Five (5), Nine (9), Ten (10) and
<br />Eleven (11), Rainbow Lake Subdivision, Hall County, Nebraska; and
<br />
<br />The North Half of the South Half of the Northwest Quarter (NJ:.:;SJ:.:;NWlt;)
<br />of Section Thirty-Three (33), Township Eleven (11) No:r;th; Range
<br />Nine (9) West of the bth P.M., except a tract of land. platted as
<br />Rainbow Lake Subdivision, Hall County, Nebraska.
<br />
<br />
<br />:.F::;
<br />
<br />And the Mortgagor does hereby covenant with the Mo:r;tgagee and with
<br />}lortgagee's heirs and assigns, that Mortgagor is lawfully seised of said.::
<br />premises, that Mortgagor has good right and lawful authority to convey the:.
<br />same, and that Mortgagor warrants and will defend the title to said.pl:E!ln:lses.
<br />against the lawful claims of all persons whomsoev"r.
<br />
<br />This mortgage is given to decurc the ~yment of the promissory.note'of
<br />this date made by Mortgagor and this illortgageis also given as s~cur:l~yto.
<br />Mortgagee for all indebtedness that may in the future be incu:r;redbyMo:r;t$a,go:r;
<br />to Mortgagee, and such future indebtedness shall bea:r; interest' from aate, of ..
<br />accrual at the rate as provided in the note el<ecuted on thatejate.and.secured
<br />by this mortgage, and shall be payable to mortgagee at the same place .designate&\
<br />in the note. All such future indebtedness shall be deemed a part of the
<br />indebtness secured by this mortgage, and shall be recoverableas.such.
<br />
<br />
<br />Mo:r;tgagor shall pay all taxes and assessments levied upon saidpropez:ty:
<br />and all other taxes levied on this mortgage or the note which thismor7gage.::
<br />is given to secure before the same becomes delinquent. If M.o.r tgagor':, i:aH;s
<br />to pay such taxes and assessments, Hortgageemay pay such. taxes andthe'aJIlount.
<br />so advanced with interest at fourteen percent per annumshaJ.l be secured by
<br />t his mortgage.
<br />
<br />In case of default in the payment of the principal sum or. any ,instaJ.lmell.t
<br />thereof, or of any interest thereon, wben the same shall become due. orin caSe.
<br />of the non-payment of any taxes or assessments, Mortgagee may at theQP1;ioll,'g.f:
<br />Mortgagee, witbout Eotice, at any time during the continuance of ,suj;;hdlicfault '
<br />or breach, declare the whole debt secured by this mortgage to bei~diateJ.y.
<br />due and payable and may foreclose this mortgage.
<br />
<br />< '-,n
<br />
<br />;:-".:r_{
<br />
<br />In the event of default in the performance of any of the,terl1l$al'1Il.,cl;1I1cii'tiQ~"
<br />of this mortgage or the note or notes secured by it, the mo:rtgage,esha;L1.'be .
<br />entitled to immedi'lte possession of the property above-describedandaJ.l.tl:l~
<br />rents, revenue and income derived therefrom during suchtilJleas th\l..rnol'1;gl!\g!l.
<br />indebtedness remains unpaid shall be applied by the Mortgagee to the.,paymellt
<br />of the note and all other sums secured hereby after deduction of any necessary
<br />costs of collection.
<br />
<br />Dated this
<br />
<br />8th
<br />
<br />day of
<br />
<br />August 1984
<br />
<br />"'-)". C;J 5( /' ('^~J .--#-
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<br />
<br />H. Otto
<br />
<br />
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<br />
<br />Helen M. Otto
<br />
<br />STATE OF NEBRASKA
<br />
<br />ss.
<br />
<br />COUNTY OF HALL
<br />
<br />L
<br />
<br />/1 The foregoing instrument wal> acknowledged before me on tbis r day of
<br />./ f!tr4~-~-~_' bC_ Rex .1 :..J.!.:_,h t<:.. and _~~=.!en .:~:..~~..!~;;:~~!.I.~~:;;'d .!:!!!!
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<br />Public
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