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<br /> REAL ESTATE MORTGAGE /6. ()o
<br />
<br />THIS MORTGAGE is entered into between BERNARD G. KATZBERG, as
<br />"MORTGAGOR", and GILBERT KATZBERG, hereinafter referred to as
<br />"MORTGAGEE" .
<br />
<br />MORTGAGOR is indebted to the MORTGAGEE in the
<br />of ONE HUNDRED THOUSAND DOLLARS ($100,000.00),
<br />MORTGAGOR I S Note of even date herewith, providing
<br />and interest with the balance of the indebtedness,
<br />paid, due and payable on demand.
<br />
<br />principal sum
<br />evidenced by
<br />for principal
<br />if not sooner
<br />
<br />To secure the paYment of the Note, with interest as provided
<br />therein, the paYment of all other sums, with interest, advanced by
<br />MORTGAGEE to protect the security of this Mortgage, and the
<br />performance of the covenants and agreements of the MORTGAGOR
<br />contained herein, MORTGAGOR does hereby mortgage and convey to
<br />MORTGAGEE the following described property located in Hall County,
<br />Nebraska:
<br />
<br />THE NORTHWEST QUARTBR (NW1/4) OF SBCTION TWBNTY BIGHT (28),
<br />TOWNSHIP NINE (9) NORTH, RANGB BLBVBN (11) WEST OP THE 6TH
<br />P. M., HALL COUNTY NEBRASKA
<br />
<br />and
<br />
<br />THE SOUTH HALF OF THE SOUTHWEST QUARTER (Sl/2 SW1/4) OP
<br />SECTION TWENTY ONE (21), TOWNSHIP NINE (9) NORTH, RANGB
<br />BLEVEN (11) WEST OP THB 6TH P.M., HALL COUNTY, NEBRASKA
<br />
<br />together with all buildings, improvements, fixtures, easements,
<br />rights, privileges and appurtenances located thereon or in any way
<br />pertaining thereto, and the rents, issues and profits, reversions
<br />and remainders thereof; inClUding, but not lirriitedto, all such
<br />personal - property as attached to 'the improvements - so as to
<br />constituteafixt1.1re; all of which~ including replacements and
<br />additions thereto,' is -hereby declared to be apart of the real
<br />estate secui:-ed 'by the 'lien of this Mortgage and all of the
<br />foregoing peing referred to herein as the "property".
<br />
<br />MORTGAGOR further covenants and agrees as follows:
<br />
<br />1. PAYMENT. To pay the indebtedness and the interest
<br />thereon as provided in this Mortgage and the Note.
<br />
<br />2. TITLE. MORTGAGOR is the owner of the property and has
<br />the right and authority to mortgage the property and warrant that
<br />the lien created hereby is a valid first mortgage on the property.
<br />
<br />3. TAXES AND ASSESSMENTS. To pay when due all taxes,
<br />special assessments and all other charges against the property
<br />and, upon written demand by MORTGAGEE, to add to the paYments
<br />required under the Note secured hereby, such amount as may be
<br />sufficient to enable the MORTGAGEE to pay such taxes, assessments
<br />or other charges as they become due.
<br />
<br />4. INSURANCE. To keep the improvements now or hereafter
<br />located ,_ on therealestat~described herein insured against damage
<br />iIfY- (:Lre and such other hazards _ as MORTGAGEE _ may _ requir'e, in
<br />amounts and, wi th companies acceptable to the MOR'l'GAGEE and with
<br />loss payabie to the MORTGAGEE. In case of loss under such
<br />
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