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<br />Thie Indenture, M12ade by and hehveen F~I.D L. DICTRI2Y and NANCY J. MURRY, Husband and Wife
<br />....
<br />, alld eel oaIhl, NegYdSKa ,fir ferrer3 to mortgagor
<br />and Tt->E OVE1ZL11ND NATIONAL Sb1IJR QF ''RA_Nt7 ISLArID Gr _s h`eereina~'~er
<br />referred to as Bank
<br />The Mortgagor for and in rnnsideration of (~ . 55, 000.00 t -'----------°----------------------
<br />FIF'!"Y-F1VE 2giWSAND AND NO/100----------------------------_-_
<br />_ _.:_ .... __ DOC,LAI2.9, Paid by the bank.
<br />the receipt whereof is hereby acknowledged, has granted, ha:-gautcd. sold a»d conveyed, and by the presents, does grant,
<br />bargain, sell and convey, unto said bank, the following descahc ~i real pro~ny suvateci :r. chr~ (bounty of Ii`~17-
<br />and Sate of Nebraska, to-wzt: - - ~ - ~ - -- - -~~ -
<br />A tract of land in Lot Five (5), Block. Fot}rteP7 (i~) of :test Park Addition to the
<br />City of Grand Island, Hall County, Nebraska, furtt-:er described on reverse of this
<br />mortr~age.
<br />together with all Lhe tenements, hereditaments and appurtenances m the same belonging, and all the estate, title, claims and
<br />demands whatsoever of the mortgagor of, in or to said premises or ary part, t::^.ereof; and said mortgagor does hereby cov-.
<br />enant, that the mortgagor is lawfully seized of -said premises, that said premises are free from incumbrance and mortgagor
<br />will warranx and defend the tide to said premises against the clairs and demands of all persons whomsoever.
<br />PROb'IDEU AL~t'A~'S, and these presents are upon these eondivions:
<br />:':HEREAS, the mortgagor has executed and delivered Yo tEre Bank __.__a_.~..'.~.~-n_-,.....--..__---__._.,,._. promissory note
<br />dated January 11, 1979, for $55,000.00 at an interest rate 1.0~ over the grime rate of the
<br />Overland National Bank of Grand Island, adjusted monthl~r; said rote calls for monthly prin-
<br />cipal payrllents of $460.00 each plus accrt~ecl interest, said payments c~zm~erfcing February 11,
<br />1979, with the entire unpaid principal balance plus accrued interest due January 11, 1989.
<br />and has agreed to mainkzin fire, windstcrm and extended cove.*age insurance n said premises in amounts required and in
<br />camgsr=ies approved by the lank and lvith _.,_.,da*ri merteagn cianse< <.o:,i~ hrnlicies aha.f be delivered to Lha bank; and has
<br />agreed W pay al} taxes and assessments 3c: i against said p: -mixes be+- e the same become delinquent and to maintain said
<br />premises.
<br />:how, therefore, if the mortgagor shall ccmp!y ro:dth all of the p_~n~isions of said note and the provisions hereof, then
<br />these presents shall be null and cold.
<br />however. if the above note and interest ther^an ar any pay°merts cai2ed for Cher=_on are not paid when due ar if any
<br />of the covenants of this instrument are not complied with, the bank, or Lhe holder hereof, at its option map declare the re-
<br />maining balance of said indebtedness due and p-vable and may mair,tair, an active. ai law or in equity to recover all amounts
<br />due and enforce the provisions hereaf.:n iha event cf the failure of ntortFag::r tc maintain the premises, or to maintain
<br />insurance as is above provided for, ar tc pap lazes or assessments, the holder rereof may advance the sum or sums necessary
<br />to obtain compliance and such amounts shall b< added to the anxourt due an the above mentioned note and beat interest at
<br />the highest legal rate.
<br />IT IS FL`RTHER AGR.E£D, this mortgage shall constitute notice hereof, that this mortgage is security for Hat only
<br />ibe amount advanced concurrently with the execution hereof but all future advanc;-s which may be n:ode aE the option of the
<br />garties or their assigns up to the total amou;;t stated in this mortgage, to the same extent as advances origiraliy made here-
<br />under. Further notice is hereby given that the tenor of east. &,ortgage tote including the interest rate, payment, maturity,
<br />penalties, and other terms sha}i concurrently upon e+;cectian beeomc• a par. of this mortgage.
<br />IT IS FURTHER AGP,EED, that Lhe said mortgagor shall and u-ill pat ail taxes levied upon this mortgage or the debt
<br />secured thereby, together with any other taxes or assessments whi~~h :ear be levied under the laws of Nebraska, against the
<br />said Mortgagee or the legal holder of the said principal Hate (s: nn a+~a~unt r," this irdebtedness.
<br />IT IS FLtRThER AGREED, if at any time, while the n:ortgagc is in effect and the note for which this mortgage is
<br />given as security, or any Dart thereof, mmains unpaid, the urdersi2ned ~, or tragors <. _:li eonvep or contract to soil the real
<br />estate herein described, or any part thereof, or *.he ~k~rtgagurs do na*_ hale or cease *.a ::^.ave Title to said real estate or any
<br />part thereof, then and in any such events, the Dlartgat*ee mar, at its option, declare the unpai:i principal balance, and interest,
<br />of the note secured hereby immediately due and payai~le. I.t the ever,± that these premises are not now, ar should hereafter, not
<br />be cccsspied by mortgagor thee. iris instrument .i;ail cunstaute ar. ass;gnment of rentals and service of a copy thereof upon the
<br />occupant shall he sufficient t:o require all payment for rents': nr use r.f the nren;ises after date of such service to made to
<br />mortgagee.
<br />Signed thia....__.llth _...._..aay of Jdir`1a7--v _ ~9- 79
<br />in presence of ~ ~ ~ _ -.._ _,~..-_
<br />'hI~yYbT _L. .
<br />_ .
<br />_._ _ - . tvartc~,• J~ N~irry _
<br />STATE OF......_ .............N-..~....~.c,~~----.--.. -... Courty~ n: HAS ~ -~Ia.E'431d L. .";llrri ~rYl IIdI1CV J. P~'I17.rr_V•
<br />Before me, a notary public qualified for ,aid coon#;;, nersonally came [-hy~nd andlWlfe
<br />known to me to be the identical persar. or persons- who signed the foregoing instrument and acknowledged the execution there-
<br />of to be his, her or ±heir voluntsry- act and deed.
<br />~MERIiI 1AtT11NY ~ 3YRi et iPlbr.
<br />Wi ~~~tgSarial seal on January 11 _ t 79
<br />5I9/ _.. ....~} ~ 9
<br />My commission expires...--....L..=~- ~°~.. .... i9J~ ~~~ r `.°// ,f ~~_ f „~`atary Public.
<br />STATE OF ..___.._....
<br />ss.
<br />County ..._ ................. j
<br />..-......:_....-...._...-.day of._..__....._....__.._.,__.__.. 19_._......., at__._...__............ _.._a'clock and.- ------ ....minutes
<br />Entered cn numerir_at index and filed for record
<br />in the P.egister of Deeds Office of said County the
<br />and recorded in Book..__-- ..................___.__.....of...__._._..... -.._at page.__.
<br />....-- --bt.,
<br />.............._..._..._......------ .._......._...Reg. of Deede
<br />BY.__...._-......._-.. ....Deputy
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