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<br />This Indenture, Made by and between ?~ K e. ?i`~ • . a Nebraska Corporation
<br />.._..._
<br />._ _._ .. ... .. both one ormo here' after referred to amortgagor
<br />and TEiE oVEFtI11DID NAT'IOfIAL BANK OF Cr?AND ISIAND, ~ratT~ Island, N~ras~ca, hereinafter
<br />referred to as "Barilc"
<br />26.0.E©0, 0. ---------_---------- --- -----
<br />The Mortgagor for and in coneide.ation of(g- , ~ _ . _ _. _ _. - -. _ ...... _ .............._..
<br />'I~ SLINDRED SiX'I3' THOUSAPID AND NO/100---_-_-_- ---_-_--- _--
<br />_ _ . - _ _ ....... ... ..... _. IX3LI~R.4, paid by the bank,
<br />t`te script whereof is hereby acknowledged, has granted, bargained, said and conveyed, and by the presents, daea grant,
<br />bargain, self and convey, unto said bank, the follotiving described real property situated in the County of _ ........ -_I~~.I.~. -
<br />and State of Nebraska, town:
<br />lots One tl), Three (3), Five (5), Six (6) and Seven (7), Phillips Subdivision,
<br />Sall County. Nebraska
<br />together with all the tenements, hereditaments and appurtenances to Lhe same belonging, and all the estate, title, claims and
<br />demands whatsoever of the mortgagor of, in or to said premises or any part, Lereof; and said mortgagor does hereby cov-
<br />enant, that Lhe mortgagor is lawfully 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 maims and demands of aii persons whomsoever,
<br />PROVIDEB ALWAYS, and these presents are upon these conditions:
<br />WHEREAS, the mortgagor has executed and delivered to the Bank _..._d. Ce-rtaln ..._._... promissory note
<br />dated March 22, 1979, for $260,000.00 with interest at a rate of 11.0$, calling for 120
<br />paylt'~.,nts of $2,683.72 per month mincing May 10, 1979, said payments applied first to
<br />interest a1'`i then to principal, with a final payment ecraal to the entire t,nr~na; d principal
<br />balance plus accrued interest due on April 10, 1989.
<br />and fins agreed to maintain fire, windstorm and extended coverage irsurance or. said premises in amounts required and in
<br />companies approved by the bank and with standard mortgage clauses which policies ~:'raP be delivered to the bank, and has
<br />agreed to pay all taxes and assessments levied against said premises buore t're same Ynr~~ome delinquent and to maintain said
<br />premises.
<br />Now, therefore, if the mortgagor shall comply with ali c•f the provisions of ;aid note and the provisions he.. -, then
<br />these presents shall be null and void.
<br />However, if the shove note and interest thereon nr any payment= ca':led <,r thereon are not paid when due or if any
<br />of the covenants of this instrument are not complied with, Lhe bank ur the ^cbiar hereof, at its nption ma}• declare the re-
<br />maining balance of said indebtedness due and payable and may maintnir: an action at law or in equity to recover all amounts
<br />due and ~.^.force *he provisions hereof.:.. tl:e even*. of the fai!~re :,f gag:;r ^:ai main the prmises, or to maintain
<br />insurance as is above provided for, or to pap taxes or assessments, the holder hereof may advance the sum or sums neeessarq
<br />to obtain compliance and such amounts shall be added to thz amount due ot: the strove mentioned note and bear interest at
<br />the highest legal rate.
<br />IT IS FURTHER AGREED, this mortgage shall carstitute notire herc~f, that. this mortgage is security for not only
<br />the amount advanced concurrently with tre execution hereof out aii future advar.ees which may he made at the option of the
<br />parties or their assigns up in the total amount stated in this mortgage, to the carne extent. as advances originally made here-
<br />under. Further ratice is hereby giren that the terror of each 3ortgage .1"ote ireludin-F the interest rate, payment, maturity,
<br />penalties, and o±her terms sha3! concurrently upon execution become a part of this martgaga.
<br />IT IS FURTHER AGREED, that the said ~Iortgager shall and wilt pay all taxes levied upon this mortgage or the debt
<br />secured thereby, together with anc other taxes ur assessments which may be levied under the Laws of Neoraska, against the
<br />said Mortgagee or the 3egai holder of Lhe sail: pri rcipal noteisi or. account of this indebtedness.
<br />IT IS FURTHER AGREED, if at any time, whLe the mortgage is ir. effect and the note far whic'r. this mortgage is
<br />given as security, or any part thereof, remain; unpaid, the nndcrsigned 3; ~.,rtgngurs sell, convey or contract to sett the real
<br />estate herein described, rr any part thereof, or the ~Iortgagers do not have ar cease t-. :^.sve ti:ie t:- :.aid real estate or any
<br />part thereof, then and in an}• such events, the ~•kirtgagee may, at ite nptinn, declare the anpai+i nrincipai halarce, and interest,
<br />of the note secured hereby immediately due and payable. In the event that these premises are not noR°, or should hereafter, not
<br />be occupied by mortgagor then this instrument -};ai' consti±ute an assgrmer.i of rentals and service of a cep}• thereof upon the
<br />occupant shall be sufficient to require all paymenr for rental or use of ±l:e premises after ;into of such sen•ice to made to
<br />mortgagee.
<br />Signed this---.--22110-_._.__..day of _ Ms1T'Ch_._ . _.._ _ ._.____ , 19.. 79„ .. ,_..... .
<br />In presence of .___........__....F~g~-'S! _. •
<br />............._...............__.,..__ .. _.. - ~''-. President
<br />SPATE OF...._.... _....._ ._ _ .. L'ounte of
<br />. __._
<br />Bofors me, a t~,tarr public qualified for <ai.i ecurtc, ;;ersonaliY came
<br />known to me to tre the identical person nr persons who sigr:ed the foregoing instrument and acknowledged the execution There-
<br />of to be his, her or their voluntary act and deed.
<br />?4 x^i~ess my hard and ncLarial seal on. .... _.... _..._. .-..___...._....___........._...._....__...._.__., 19_...-. _....
<br />;`<iy COmmtaaiAn expiPeB:..... -....._ ................ .... ....... T9...... _._...._............-.........._-......_.-..-.-....-......... Nntary Pttb11C.
<br />STATE OF ....._.....__......_...__ ................__....-_...._._. j Entered an numerical index and filed for record
<br />1 sa.
<br />County .............._..__._.._.....................,....._._....._.. ~ in the Register of Deeds Office of said County the
<br />................_..-.......day of...---__.._.....-.__.............., 19............, at....----..._._...__.........o'clack and.._..._._.._. -..._-.minutes _......_...._...M.,
<br />and recorded-in Book.....-___-..._.._._.....__._ .....of_,...._..._ ..............____......._at page.........._._.._..._._...... _....--.-._.._.
<br />
<br />--._......_ ......................._...-._..... _.............. ..... ....Reg. of Deeds
<br />By......_.. _._.__.... ..--..-._.-....._...- .... _ ..- . _ . ._ ._.._.-._.Deputy
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