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'I'I;<is Indenture, Made by and between _ ~ ~' RF.AT.F .and MARILYN F. SEF>I.E, Husband and rife
<br />and `II3E OSFF;RIAI`ID NATIONFII, l3Aldk ~'' GRAND ISLA1`>D,
<br />to as Frank '''6 0^0 00
<br />__.
<br />The Mortgagor far and in consideration of ($_~.'.. + , .".. t_ -_ --) --_.-.-
<br />whether one ar mare hereinafter referred to as mortgagor
<br />Grand Island, Nebraska, hereinafter referred
<br />01~ H[INF3RE9 S~JE~TI'Y SIX 'IS30LiSAND AND P7G/100-----------° --- -TDOI.L,AR.S.paidbythebaak.
<br />the receipt whereof vs hereby acknowledged, has granted, bargained, sold and conveyed, and by the prnaents, does grant,
<br />bargain, sail and convey, unto said bank, the following described real property situated in the E;ounty of .. _ Hall _ _...___..___._..__.........
<br />and State of Nebraska, to-wit:
<br />Intl ~ (1} , 'Itao (2) , ~tlree (3) , Fors (4) , and Five (5) in D R D Subdivision,
<br />City of Grarrl Island, Hall County, Nebraska
<br />together with all the tenements, hereditamer.ts and appurtenances to *.he same tre'.cnging, and sll the estate, title, claims and
<br />demands whatsoever of the mortgagor of, in ar to said premises or any pert, thereof; and said mortgagor does hereby cov-
<br />enant, that the mortgagor is lawfu'sly seized of said premises, that said premises are free from incumbrance and mortgagor
<br />will warrant and defend the Yitle to said premises against the claims and demands of all persons whomsoever.
<br />PROVEDED ALWAYS, and these presents are upon these cordiiians:
<br />WHEREAS, the mortgagor has executed and delivered to the Bank ...__._a_ ~'r~~l...._ ................_...-. promissory note
<br />dated t9arch 7, 1979, for $176,000.00 at an interest rate of 12.0 with the entire unpaid
<br />principal balance plus accrued interest to beoane due aril payable on .Tune 14, 1979.
<br />__ has agreed tv maintain fire, wirdstarr:, and e~fend<ed ~avera~e „-- - once an s . u' premises in amounts required and in
<br />comganies approved by the bank and with standard mortgage clans=_s which policies shall be delivered to the bank, and has
<br />agreed to pay alt taxes aad assessments levied against said premise-- hefcre the sam,= become dclinquert and to main'^-_ said
<br />premises.
<br />Now, 4;herefore, if the mortgagor shall comply wits all of the provisions of said note and the provisions hereof, then
<br />these presents shall be null and void. -
<br />Howaver, if the above note and interest ±herein ar arp payments called far t2:erecn are not paid when due or if any
<br />of the covenants of this instrument are not complied with, the hank, or the holder hereof, at. its option may declare the re-
<br />maining balance of said indebtedness due az:d payable a .d may maintain an actiir. at Iaa- or in equity to recover all amounts
<br />due and enforce the provisions hereof. 1n the event of the failure ai mortgagee to maintain the premises, or to maintain
<br />insurance as is above provided for, or to pay taxes or assessments, ±he I:aIder hereof may advarre the sum or sums necessary
<br />to obtain compliance and such amounts shall ba added to the amount due on the above mentioned note and hear interest at
<br />the highest legal rate.
<br />IT IS FURTHER AGREED, this merigage shall constitute notice hereof, ti:at this mortgage is security for not only
<br />tie amount advanced eoncurrenily with the execution i;ereai but all future advances •«hich may be made at t}:e option of the
<br />parties or their assigns up to the total amount stated in this mortgage, to the same extent as advances originally made here-
<br />under, Further notice is hereby given that the Tenor of each Blertgage tiote including the interest rate, payment, maturity,
<br />penalties, and ether terms shall concarrenfly upon executior: become a part of this mortgage.
<br />IT IS FURTHER AGREED, that the said mortgagor shah and w;Il pay all taxes Ievied upott this mortgage or the debt
<br />secured thereby, togefher with any ether taxes or assessments which may he levied under the Laws of Nebraska, against the
<br />said aortgagee or the legal holder of the said principal aateisi an account of this indebtedness.
<br />IT IS FURTHER AGREED, if at any time. while the mortgage is in effect and the note for which this mortgage is
<br />given as security, or any part thereof, remains unpaid, the underigned ~fcrtgagors soil, convey or contract to sell the real
<br />estate herein described, or any part thereof, or fhe 3tortgago.*s do not have or cease to have title to said real estate or any
<br />past thereof, thee. and in any such everts, the ASertgagee. mac. at its eptinn, dec?are the unpaid principal balance, and interest,
<br />of the note secured hereby immediaiekp due and payable. In the evert that these premises are not now. or should hereafter, not
<br />be occupied by mortgagor they this instrument shat' constitute an assignment of rentals and service ^f e cspy th2reo$ upon the
<br />ocenpant shall be sufficient to require all payment for rental ar vse of the premises after date of such service to made to
<br />mortgagee.
<br />Signed this._...-7th............_.day af_.,....._..___Lyarch.___..
<br />In presence of
<br />_.......---. r9...~~-
<br />- ...~ J _ ....................... --
<br />a ~_-.......... .
<br />~~'-'z-a'l~.-. __ ... ....._ ................
<br />~ ~..F,.. ..~_.
<br />STATE DF.-_._..-_.....IJEBRA$I{A._._ ............. County of.-- ...... ___FIAi.L.-- .- ...•
<br />Before me, a Watery public qualified for said eanaty. personally came ~•d loll 1 M3Lilyn F. B231e,
<br />kaawn to me to be the identical person ar parsers who signed the foregoing ins rvment an ac now ec gad the execution there-
<br />of Lo be his, tier or their voluntary act and deed.
<br />Witness mp hand and notarial seal oa--_ ....___...__.......~'~~..~.__....... .. _.__.._......~-19_. ~g....
<br />~-1~U-ile~l9tlW11t _ - /~~_
<br />My mmias ~_ i.....¢?'. 1~........._......._-, 19~.~ K~:~rf~..~i~-'_......"r..-.~.Notary Puhlic.
<br />STATE i)F .............._........_..............._....._.........-....._. Z Entered on numerical index and filed for record
<br />1 sa.
<br />County ........_ .......... ................. ...... ...... in the Register of Deeds Office of said County the
<br />.......-_.-.......-.day n£ ...................... 14...:..-, at---..... ...---....__o'clork and......._ .._ .-. minutes .- ....'.K.,
<br />- acid recorded in Book_....-- ----------- -Of - .._.........._..-...._....._...atgage..._...._..__.._...._.-....._ ................_...
<br />1.
<br />- __....._._......._ ................_..._...-._..__ -.._...._._...............Reg. of Deeds
<br />By..._..__....._....._._ ......................_..._ ......-.. ...............- .....Deputy
<br />
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