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<br />~9 t~~14~~3 SECONI, ~ ~/ 16 ~ ~ R V
<br />Thislindenture,Maaebyandbetween ELDON„ KLUTliE.,and„DO.R.I$. KLUTHE, _Husband..and._Wi.fe............_..
<br />... - ..._......_. whether one or morehe~cinafterreferredtnasmortgagor
<br />g~a THE OVER'LANt~ -VA'fTtSN1~L BANK 6F Of2AND ISLAND, brand Island, Nebraska, hereinafter referred
<br />to ~s Sank 60 Ot~O 0
<br />The Mortgagor for and ineonaiderationof($...__..__.,_....:---c---.~} °.---."--.---.---.-.-.---.--.-.-.--.-.------.r.C.--r..---r---°-°-
<br />SIXTY...TNOUSANQ AND...jVO/10©--_-_-,-,-.-.-.-.----.----.--.--.-.-.---.-.--.-.-.--.----.-.-.----.--~LLABS,pshlby theheak,
<br />__
<br />the receipt whereof is hereby acknowledged, hoe gtx,nted, bargained, sold aktd cronveyed, sad by the presents, does grant,
<br />bargain, sell and convey, unto said bank, the following described real property situated in the County of ..___.._.. Hd 1 /
<br />and State of Nebraska, tawit:
<br />Lot Seven (7} except Forty (a0j Feet off the East end thereof, and All of Lots
<br />Eight (8), Nine {9), and Ten (10), all in Block Number Six {6) of the Original
<br />Town of Cairo, Nebraska;
<br />Lot Ten (10) in Block Five (5} in the Original Town of Cairo, Nebraska;
<br />Lots Eleven (11) and Twelve (12} in Block Five (5) in the Original Town of Cairo,
<br />Nebraska;
<br />Lots Eleven (11} and Twelve (l2} in Block Six (6} in the Original Town of Cairo,
<br />Nebrba~~C~
<br />together wtt a e tenements, hereditaments and appurtenances to the same belonging, and alt the estate, title, claims and -
<br />demands whatsoever of the mortgagor of, in or to said premises or any part, thereof; and said mortgagor does hereby cov-
<br />enant, tF.at the mortgagor is ]awfully seized of said premises, that said premises are free from incumbrance and mortgagor -
<br />will warrant and defend the title to said premises against the claims and demands of ail persons whomsoever.
<br />PRQVIDED ALWAYS, and these presents are upon Lhese conditions:
<br />WHEREAS, the mortgagor has executed and delivered to the $ank _..._._a.. Certdl n - pmmisaory note _~~ _
<br />dated March 15, 1979, for $60,000.00 at an interest rata of 10.75" with interest only
<br />^n the first day of each month commencing May 1, 1979; then, commencing September 1, 1979,
<br />monthly payments of $818.03 will be made on the first of each month, applied first to
<br />interest and the balance to principal, with the final ppayment equal to the entire unpaid
<br />principal balance plus accrued interest due on August 1, 1989.
<br />and has agreed to maintain fire, windstorm and extended coverage insurance an said premises in amounts required and in
<br />eampanies approved by the bank and with standard me,rtgage clauses which policies shai be delivered Yo the bank, and has _
<br />agreed to nay ai! k~YPG sad assessments levied a~ .net raid prn ;ices be_.,.r the same become delinquent and to maintain said
<br />premises.
<br />Now, therefore, if the mortgagor shall comply with ail of the pray-si,.rs of said Hate an3 G.e previsions herer~' "`ten -
<br />these presents shall he null and void. -
<br />sioweeer, if the above note and interest thernau or any payments called far thereon are not paid when due or if nay - -
<br />of the covenants of this instrument are ,,^.ot complied wah- the bank, cr ?ha holder hereof, at its option may declare the tre-
<br />s~ining balance aE said indebtedness due and nayable and map maintain ar, ackior. at law or in equity to recover all amounts
<br />due and enforce the provisions hezof. In the event of the failure of mortgagor tc maintain the premises, ar to maintain - -
<br />insuzaace as is above provided for, or to pay taxes or assessrnents,the balder hereof map advance the sum or sums necessary --
<br />ta obtain compliance and such amounts shall be added to tlee amount due on the above mentioned note and bear interest at
<br />the highest Legal rate. -
<br />iT IS FURTHER AGREED, this mortgage shall eonstitate notice hereof, That this mortgage is security for not only
<br />the amount advanced concurrently with the execution hereof but a13 future advances which map be made at the option of the -
<br />parti~a or Lheir assigns up to the total ama.nt.stated in this mortgage, to the same extent as advances originally made here- -
<br />under. Further notice is hereby giver. that the tenor of each 14fortgage '_iote including the interest rate, payment, maturity,
<br />ponslt-see, and other terms shall cancurrentiy upon execution become a part of this mortgage. -
<br />IT IS FURTHER AGREED, that the said Mortgagor shall and will pay ail taxes levied upon ibis mortgage or the debt
<br />secured thereby, together with any other taxes or assessments which map be levied under the Laws of Nebraska, against the
<br />said Mortgagee ar the legal border of the said principal aate(sj on 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, ar any part thereof, remains unpaid, the undersigned Markgagors eel?, convey or contract to sell the real
<br />estate herein described, ar any part thereof, or the ,liortgagars do not have or crane to have title to said real estate or any
<br />part thereof, then and in any such events, the 1ortgagee may, at its option, dacl¢re the unpaid principal balance, and interest,
<br />of the note secured hereby immediately due and payable. In the event that Yhese premises are not now, or should hereafter, not
<br />be occupied by mortgagor then this instrumer.Y shay corstitute an assignment of rentals and service of a cagy thereof upon the
<br />oceapant shall be sufficient to require all payment for rental or use of the premises after date of such service to made to
<br />mortgagee.
<br />signed this....._.....-1.5~h........day of..........__..March.-.-......--.-...........-_., Is....79.._..-
<br />-f Td~n.._Kl Bi;he- .-_ _. _. -- . ........................_---......-..
<br />ores u e .;;~~(''~;.~"-~.~
<br />STATE oF.._._..._......_._._NE8E3ASK9.... _. ,County af...-.HALL.-----_.----._. _..
<br />Before me, a notary public qualified for said county, personally came Eldon,t Kl..l~~he and Doris Kluthe, Husband -
<br />known to me to be the identical person ar persons who signed the foregoing insiru~rit aeknowIedged the execution there-
<br />of ~~ry-act and deed. j
<br />~'~ March 15 , 19. 79
<br />~rlask~dtl~arial seal on ._ - . ..
<br />f ~i f
<br />- f ,
<br />Afy commisaioa expires:.:. ~~`.. - ! IQ ~ - f
<br />.... - ,.~'-Kr:.r.-f.. ~_... ! ~:..~~'.mz.._:..Notary Pvbltc.
<br />,.
<br />_ ~
<br />- STATE flF ...--_-..-.._ ..:.....:..............._._..-.:.~._.........-.... ( Entered on numerical index and fi}ed £or record
<br />p (as.
<br />i} Covnty ._............_ ............._,....._.-................._................ in the Register of Beeds Office of said Cavnty the
<br />._._ .................._.-daq of...-.........-...............-..-....._. 19_.........., ak......_...__......_....._.o'clock and..__......... ..minu±es ..M.,
<br />- and recorded in Book ............. °- _... - - .of-:.-....._...._.__......-.._.._._... .at page-........._.........__.._..-...-..._..._...._....
<br />...............---.....-----............._.-_._.._._...__...._....._._..._.Reg. of Deeds
<br />By..a ..........................._ - ......_.._.......-..-.._ ___.-Deputy.
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