|
<br /> Y ~ ~ r n ~u~.6 r ~r K~` { k': 1 i fit, ~ .~!V
<br /> iw hf 1 \ wit t•r"e ~ sit t
<br />
<br /> ~4 -.r.-. J~a Account loo. 89150-~0
<br />
<br /> OPENOIND REAL ESTATE MORTB APE
<br /> Maurice J. Sullivan and Beverly A Srallivaa, &isbsnd and Wife T~ hereinafter
<br /> called the "Mo(t`.a`ar"'. does hereby ntcvtlrag[~the lend $A& det'Gribcd real e4ctstc
<br /> Lot H, Block Four (4), Elm Place, in the City of Grand Island', Hall County. Nebraska.
<br />
<br />
<br />
<br />
<br />
<br /> hereinafter called the "premises to 8a11 Fedora! Credit Union, hcretrw(ttr called the"Matftagec"; in consideration of the
<br /> anuaurtt, financed l+} the klratgagee in :he sum of .T@n IlOt19 [la... C1~-_.Q.O%~09~ 15-...~..-." .
<br /> _ _ _ _ _ _ _ _ _ _ fs 10,000.00
<br /> ),receipt of which ik hereby acknowledged,and in
<br /> ran ideratiun of covenants and agreements bete~nafter set furih
<br /> t
<br /> PROMISSORY NOTE:: This mortgage s given to serum paymt-t of the amount financed together rwth interest, according to the terror of
<br /> it* Mortgagar's prorrvssory note of this date.
<br /> r ADDITIONAL ADVANCES: This mortgage shall wture any additional srtiounts financed together with interest, which may be made at one
<br /> rroetgag"'s option at any time before the release of this mortgage Provided. the aggregate amount secured shall not exceed the maximum
<br /> amount permitted by taiv, except that nothrna herein contained shall to considered as limiting the advances secured herein, which are made to
<br /> protect the security or made in accordance with .-ovttnsnt% contained in this mortgage. Any additionar advances, -nth interest, made by the
<br /> mortgagee to the mortgagors, or their successors in title, for any purpose, at any time before the release and cancellation of this mortgage, but
<br /> nt no time shall the ag.~regate principal amount secuored by this mortgoge,being the amount due at arty time on said original note ar-c any
<br /> additional advances rnecle, exceed the original i~ incipsl amount secured by this mortgage, being the sum as set forth above, provip d that
<br /> nothing herein cor;tamed shall be considered as limiting the amounts that shalt be secured hereby when advanced to protect the s--ariey or in
<br /> accordance with conve vies contained in the mortgage.
<br /> WARRANTY: The AtortS.agor tmeby covenants with the Mortgagee that the Mortgagor is lawfully seized of the premises, that the premiss
<br /> are free from encumbranots; that Mortgagor has good, right and lawful authority to convey the premises, and that the Mortgagor warrants ■nd
<br /> wits defend the title a in•lt the lawful claims of all persons whomsoever, except.................................................
<br /> NO EXCEPT1Ois
<br /> . ............1- .
<br /> OWNERSHIP: If thane is any change !n the outroLtihip of the premises by sale or otherwise, then at the election of the Mortgagee the unpaid
<br /> balance of the amount fir,anced including additional omounts financed together with interest shall become due and payable at once without
<br /> demand w notice.
<br /> INSURANCE AND TAMiS: The Mortgagor shall maintain fire, windstorm and extended coverage insurance upon the premises to an amount
<br /> not less than the indebtedness due the Mortgagee with a loss-payable clause in favor of Mortgagee. The Mortgagor agrees not to commit not
<br /> permit waste on the premises. The Mortgagor shall pay all the taxes, levies and assessments upon the premises before they 'wcome delinquent.
<br /> in the event the Mortgagor shall fail to obtain insurance or pay taxes and other liens before delinquent, the Mortgagee may either prey them,
<br /> mating a lien secured hereby for the amounts to advanced together with interest at the annual percentage rate of twelve per cent 112%1i or
<br /> consider Mortgagor in defeult.
<br /> DEFAULT,. Thor Mortgagor is in default if any of the terms and conditions of this mortgage w the promissory note or notes securod hereby are
<br /> trvwhed. Upon default, the Mortgagee v ithout demand or notice may declare the entire debt secured 1 is rnw tg!p due at once and may
<br /> foreclose this mortgage lot the satisfaction thereof. *
<br /> RENTS: All rents and rrrolits derived from the premises are hereby assigned to the Mortgagee and upon default such rents and profits shall be
<br /> paid directly to the Mortgagee co be applied against the unpaid balance of any and ski advances secured hereby together with interest. Upon
<br /> default the Mortgagee shalt be entitled to immediate possession of the p-tmises- The Mortgagor irrvvocably appoints the Mortgagee and its
<br /> assigns and successors his attorney-in-fact to rent, mansgs and maintain the premises as it deers i iost, and the Mortgagor further agrees to pay
<br /> said attorney a reasonable fee for such services,
<br /> yigncd this 10th_-_._ day of Janus Y,_- 19 844_
<br /> NZ
<br /> x r.
<br /> Bever W3f,..-_._..~
<br /> u Ivan
<br /> - Nebraska gl
<br /> STATE OF Afore a x
<br /> ss-
<br /> COUF•f'Y OF._.. 11._..._
<br /> Before me, a Notary Public yuatifictt for :toad county, perannally cam-
<br /> Maurice J. Sullivan and Beverly Ar Sullivan
<br />
<br /> w.._.. _
<br /> to nic known to be the tdcntical person who signed the foregoing instrument and acknowl-
<br /> - th e i r
<br /> fiE11t14t flffiAes•, lures ed the execution thereof n+ be ooluntaty act and deed.
<br /> CANNr-- R- OSTERMAN 'A ITN ESS my hand and nS art seat cm qua lQ 19 8 ± W
<br /> MY Carsta Egg, Ida. Ik 10,
<br /> March 10, 1196 Notary Public
<br /> My Cony.a%sion Expires: .
<br /> i
<br /> i
<br /> 72
<br /> w
<br /> _ 1 = D ZO
<br /> ~ 4 tJ 7 T. ``~Vr
<br /> F u y x LLl o
<br /> c 4 uu
<br /> Cr.
<br /> ~ - tJ
<br /> C O
<br /> a
<br /> G a W
<br /> o a z
<br /> E x~ r O W 1
<br /> lit T_ ~ a % ~r
<br /> T_ C k
<br /> a r O ( T..
<br /> -
<br /> 0 v
<br /> 4 a s U,
<br /> F W
<br /> - t•-
<br /> BFCU Farm 105 A
<br /> ~,rw,~~•-,wa+.,r^a•-:rV^urr...rr!•,!^vs.av~~rr.r,--.•„.,-..,
<br />
|