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<br />Lt.Fu~le r ~iJ.[`.f.`,ai~ 1 ~ iY1~.Lt 3. ~L'1LAJ:~
<br />L`fiVit C. LAU"i'ENSCHLAGr:R and ulll'rl; r~. LAUTc:NSCHLAGcK, husband and
<br />wife, as T4nants itt l::ommon -------herein called the mortgagor whether one or more,
<br />iu consideration o€ Two Hundred i:i;hteer. 'thousand and no/1UG i:~21.ti,UUU.UO)---
<br />received from mortgagee, does mortgage to t;LV~aRA HILSABh;C,K ;SIC ~E\iJA, the following
<br />described real property, to-~.ait.
<br />The Southwest 4uarter of the Northeast quarter +. SW4itii~,) and the
<br />Southeast l~uarter tS~Zl, all in Section r'our (47, Townshio Vine North
<br />i 97 , Range Ten (107 , West of the 6th P.,~l. , in !-fall iour.ty~, i4ebraska.
<br />Furchaser agrees to not sell, convey, or otherwise transfer the property severally
<br />or jointly, without written permission and notice from *he seller; and purchaser agrees
<br />to acceleration of the note, waiver of notice, and attorney's fees for violation of thi
<br />provision.
<br />~1nd the mortgagor does hereby covenant with the mortgagee and with mortgagee's heirs and
<br />assigns that mortgagor is lawfully seised of said premises, that they are free from enenmbrance, that
<br />mortgagor has good right and lawfiil authority to convey the same, and that :mortgagor warrants and
<br />will defend the title to said premises against the lawful claims of all persons whomsoever.
<br />This mortgage is giceu to secure the payruent rf the promissory note of this date made by
<br />mortgagor €or y 2i8,000.OU payable as follows: ~11,UGU payable March 1,
<br />1983, $li,UUO payable °~farch 1, 19t3!~., ;iits,UUU payable each i~Sarch 1st
<br />beginning March 1, 19i;5 and thru and includin; March 1, 1991, with
<br />a final payment of :a70,UU0 due March 1, 1992, together faith interest
<br />aC the rate of ten percent ~1U`r) per annum.
<br />Mortgagor .haft pay all taxes and assessments iel led upon said real property and all other lases
<br />levied on this mortgage or the note which this mortgage is giveu to secure before the same become delin-
<br />gtsent and shall taintain fire, windstorm and extendrri "overage insnrance with a mortgage cianse on
<br />the buildings an said premises in the snm of :} 3tt,050, UO If mortgagor fails to pay such taxes
<br />and assessments ar procure such insurance, mortgagee ma} pal such tares and purcha.,e such insurance
<br />and the amount so advanced with interest at i2 t~ercent l,er annum ,hall be sernred k>c this rnortgage.
<br />Tn case of default ir. the payment of the prtnc,pal sum or an}• installment thereof or of any interest
<br />thereon when the same shall become due or in cave of the non-paynu~nt of an7 taxes or assessments or of
<br />the failure to maintain insnrance as herein provided, mortgagee stay at the option of nu,rtSagee. with-
<br />out notice, at any time during the continuance of such default rr breach, declare the :thole debt secured
<br />by this mortgar;e to be immediately due and ;payable and mar foreclose this morlRage-
<br />In the event of default in the per€orrnauae of nor ~~f the germs and conditions of this mortgage or
<br />the note secured by it, the mortgagee :hall he entitled t~ invueiliat,- pnsu•ssiou of the property above de-
<br />scribed and all the rents, revemre and ineame derived rhr~r~•*.'rum ~luria~g sue9~ ri;ne as the mortgage lo-
<br />debteduew remains unpaid shall be applied by the roort;Tagee to the payment of the note and all other
<br />suns secured hereby after deduction of any necessary costs of eollectinu.
<br />hated /?~gYGf'! ~j I9 ~~
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<br />Lyntl (,. Lautenschlag~
<br />... Juuitn
<br />A. Lautenschlager
<br />STRTE OF NEBRRSKR, County of _!.~%--''-~
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<br />The foregoing instrument was ackncwledged be#ore me :~'~=
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<br />by Lynn 5 Lautenscl-tla er and udith z~. Lautenschlager,
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<br />_._. ._ - - husband 1
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<br />wife
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<br />iL41pGtY0GK-iltgtAN~Msdu -.. ~;
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<br />aenaanld 3~~~
<br />ignatu e of P rson Taktr_ Ack
<br />~.E~i Wd10.tYi2
<br />-~tt r~ovr~~dgm. ,,.
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<br />Tale-
<br />STd'fl:; ilb' NF113RAS}i~, County of ............._............_...........................:
<br />T+ilad for retard and entered in Numerical Index on
<br />................................................................ at ................ o'clock .._............. 1L.
<br />and recorded in 3far[gage Record ......................... Page ...,.............
<br />_.......-.__ .........................__..-.......-.._. ISy ....._.........._ __. _................._...._
<br />CoS~aty €lerk e7s' I)eputr County t'ierk or
<br />Idr#zws~r n; Deeds Deputy Register of l-a«teda
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