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<br />~Z-=(iC3299?
<br />REAL ESTATE MORTGAGE
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<br />This Mortgage is entered into between LARRY DOUGLAS and
<br />SHARON DGUGLAS, husband and wife, each in his and her own
<br />interest, and as spouse of the other as Mortgagors, and
<br />HOWARD i~YLE DOUGLAS and PAULINE M. DOUGLAS, husband and wife,
<br />hereinafter referred to :.s "Mortgagee".
<br />Mortgagor is indeb~.~d to the mortgagee in the principal
<br />sum of Twenty Five Thousand Dollars (a:~ 000.00) evidenced by
<br />mortgagor's note dated June 30, 1982 providing for payment of
<br />principal and interest with the balance of the indebtedness,
<br />if not sooner paid, due and payable on July 1, 1992.
<br />To secure the payment of t_he Note, with interest as provided
<br />therein, the payment of ail other sums, with interest, advanced by
<br />mortgagee to arotect the security of this mortgage, and the
<br />performance of the covenants and agreements of the mortgagor con-
<br />tained herein, mortgagor does hereby mortgage and convey to
<br />mortgagee the followirrg described property located in Hall
<br />County, Nebraska:
<br />Lot Cne (1) in Block Three (3) ir, Jenkinson
<br />Subdivision, being part of the South Half of the
<br />East Half of the Southeast Quarter (S~;E~SE;? of
<br />Section Two (2) in Township Eleven fll) North,
<br />Range Ter. (10) West of the 5th P.K. in ;-fall
<br />County, Nebraska.
<br />Together with'all buildings,; improvements, fixtures, easemealts,
<br />rights, orvileges and'appurtenances.,located thereon or in any way
<br />per*_aining thereto.,-::and the rents, issues ar.d Nrcfits, reversions
<br />and remainders thereof; including, but not limited to, heating grid
<br />cooling equipmentand such personal property as attached to the
<br />improvements so as to `constitute a fixture; ali of which, nclud-
<br />ing replacements and additions thereto, is hereby declared to he
<br />a part of the real estate secured by the lien of *_his mortgage
<br />and all of the foregoing being referred to herein as the "property".
<br />Mortgaqcr further. covenants and agrees with :ndrtgagees as follows:
<br />1. Payment. To pay the .indebtedness and-the interest thereon
<br />as provided in this mortgage and the note.
<br />2. Title. Mortgagor's are the owners of 'the property ar.d
<br />have the right and authority to mortgage the property a.id warrant
<br />that the lien created hereby is a valid second mortgage on t:he
<br />property.
<br />3. Taxes, Assessments. io pay when due all taxes, st~ecial
<br />assessments and all other charges against the prcperty and, neon
<br />written demand by mortgagee, to add to the payments required under
<br />the note secured hereby, such amount as may be sufficient to enable
<br />the mortgagee to pay such taxes, assessments or other charges as
<br />they become due.
<br />4. Insurance.. To kelp the improvements .pow or hrreaft<-r
<br />located on t_he real-estate described herein insured a::ainst. damage
<br />by fire gad such. other hazar3s as mortgagee may,regnire, ir, a out~•
<br />and with companies acceptable to the mortgagee and with 3.oss ~~a.~-
<br />able to the mortgagee. In case of loss under Bach policies, the
<br />mortgagee is authorized be adjust,. .collect and compromise, ir, th~~
<br />discretion of the :;ortyage-e, all claims thereunder at mortgagee's
<br />sole option and to appl the ,proceeds ,ypon t.ie indebtedness secured
<br />hereby with payments rereur.uer c o tir.•~ing until. the sums secured
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