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MORTGAGE 8'- u CONSTRUCTION SECURITY INTEREST This mortgage made and entert.-d into this 16th day of January a" 19 64 . by and between Dick L. Dowd and tlaryAm Dowd, Husband and Wife eaci) in his own rtciht and as r,pouse of the other (hereinafter referred to as mortgagor) and FIVE POINTS SANK (hereinafter referred to as mortgagee). who maintains an office and plaas of business at 2015 N. Prcadw- 11, Grand Island, NE WITNESSETH, that for the consideration hereinafter stated, recript of which is hereby a-knowledged, the mortgagor does hereby .mo,ngage, sell. grant. atoign, and convey unto the mortgagee. his successors and assigns, all of the following described property situs" and being is the County of Ha 11. State of Nebraska Laos Five (5) rid Six (6) in Block 21 in the town of Aida, Hall. County, Nebraska c. 'T'ogether wiih and including all buildinp. all fixtares including but not limited to all plumbing, beating, lighting, ventilating, refrigerating, incinerating, air conditioning apparatus. and elevelors (the mortgagor hereby declaring that it is inrrn' cil tha, the itrms herein enumereled shali be deemed to have been permanently installed as part of the retdtv). and all impnlvemeats now or hereafter existing therrom- the hereditaments and appurtenances and all other rights there- unto belonging. or in anywise appertaining, and the reversion and reversions, remain,irr and remainders, all right% of redemption, and the rents, issues, and profits of the above described property ( provit:ed, however, that the mortgagor shall br entitled to the possrssian of said property and to collect and retain the rents, i.rnnrv, and profito until default hereunder). To have and to !told the same unto the mortgagee and the successore in interest of the mortgagee forever in fee -1isnple Or such other crt.tc, if al%V, as in stated herein. The mortgagor rov<nants that he is lawfully seized and possessed of and has the right to sell and convey said property; that the same is free from all encumbrances except as hereinabove recited; and that he hereby binds himself and his successors in interest to warrant and defend the title aforesaid thereto and every part thereof against she claims of all persons whomsoever. This instrument is [liven to secure the payment of a promissory note elated August 24, 19'x13 in the principal sum of b 60,000.00 -signed by Dick L.Dowd and Mary- Ann i Co-ws in behalf of themselves Slgw rC 9VR (2-'7) PREVIOUS FOITIONS APE ORSCLFrZ: