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STA'Pr; UP' Nkl3HAS1LA, County of ........................................................:
<br />Filed for record and entered in Numerical Index on
<br />................................................................ at ................ o'clock ................ bi.,
<br />and recorded in Mortgage Record ......................... Page ........................
<br />............. ....... .................. By .. ......... ....... .............
<br />Cottnty Clerk or Deputy County Clerk or
<br />Register of Deeds Deputy Register of Deeds
<br />79-- ~~ C-19 3 9 REAL PROPERTX MORTGAGE
<br />---DEAN L. POTRATZ and J'OY L. POTRATZ, Husband and Wife, as ,joint tenants with
<br />right of survivorship------------------- ,herein called the mortgagor whether one. or more,
<br />in consideration of Ten Thousand and No/100-------------------------------DOLLARS
<br />received from mortgagee, doee mortgage to THE STATE BANK OF CAIRO, A Nebraska Banking
<br />Corporation, Cairn, Hall County, Nebraska, the following described real estate,
<br />to wit:
<br />The South Hs1f of the South Half of the West Half of the Southeast Quarter
<br />(S~^5'l~-zSE'-~) of Section One (1), Township Twelve (12) North, Range Twelve (12)
<br />West of the 6th P.M., Hall County, Nebraska
<br />And the mortgagor does hereby covenant with the mortgagee and with ,mortgagee's heirs and
<br />assigns that mortgagor is lawfully seised of said premises, that they are free from encumbrance, that
<br />mortgagor l:aa good right and lawft:l authority to convey the same, and t..".at tdortgegor warrants and
<br />will defend the tills to said premises against the lawful claims of all persons whomsoever.
<br />This martgage is given to secure the payment of the promissory note of this date made by
<br />tnortgagorfor ~ 10,000.00 payable April 6, 1980, together with interest thereon
<br />at 11~ per annum
<br />i<iorigagor shall pay alt taxes and assessments le:eied upon said real property and all other tazer
<br />levie.l ou this mortgage or the note which this mortgage is given to seoure before the same become deliu-
<br />quent and shall maintain fire, windstorm and extended coverage insurance with a mortgage clause an
<br />t-he bui#dings ou sand premises in the sum of ~ If mortgagor fails to pay such taxes
<br />and asseatnentn or procure such insurance, mortgagee may pay such taxes and purchase such insurance
<br />and thr• atuouut so advanced with int?rest at nine percent per annu,tu shall be secured by this mortgage.
<br />!n ease of default in the payment of the principal sum or any installment thereof or of any interest
<br />thrrettn when the same shall lrecotne Niue ur in +*a»e of the non-payment of arry taxes ar assessments ar of
<br />~e failure to maintain utguran~:e a!: h+=rein gravid€-d, nrortgugPV tuay' at the option of mort~agre, with-
<br />out notice, ai any time rluriu_g the eautitntaaese of such de€attlt ar ht'each, eleclaz~ the whole +#ebt cured
<br />by this mortgage to lre imutr+liately du+~ ar d payalale and may foreclose the mortgage,
<br />7n the event of default in the perfara+ance of anl` of ttta terms an+l euuditiana of this mortgage er
<br />the notr secured by it, tl+e mortgage++ shall be entitled iu iuunrtliatr pussrssion of the property shove de•
<br />scribed +md all the rent:;, revenue and incnu+e uc:rived thcrefront during such tirue as the martgage in-
<br />dehtednEwa remains unpaid shall he applied by tho ur+rtgagre to the- payment of the note and all otber
<br />aunts secured hereby after decluctiou of any neces;.wry casts of cultection.
<br />Dated April ~+, 19 79
<br />... ...... ..... ..
<br />Dean I.. Patrati
<br />.~oy L. Potratz --
<br />R"fATF: OF NS~t;tAAtsK A, Cotn+ty of ...,........I~#s~.~ .................................................
<br />Before me, a notary public qualified for sail county, peraonaily name
<br />Deft I., Patrat; and day L. Patra~t: , Huabattci and Wifa
<br />kaawn t4 ate- to be the identical parson or persons who signed the
<br />fotagaing iaatTUment sud aoknawtedged the eaecution thereof to be his,
<br />her or their ~ohxntaty cot and deem.
<br />Witness rey hand and notarial seal en .....ltpx~....6....19:1.~ ................................
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<br />~Ytil4~Ml++1YAftfdrwit ..,.......~"''!e,4:t.~::a:~:t'!..:-F.~:...~F.r»..i:~.::; . Notary Ihtblio
<br />Tt4_l~ IFT~t i
<br />~ ...~...~ - ..,~..,° Illy commission ezpir~ .....~ a' ~~........L. ~ ................ 19 R `......
<br />p~nrm g,2 ripl'rc,.-,mot by Ie;..h.e..ka fis~tr I?vr was'vs~iati.,=r awm a was oo.. tsa«sa. t+.e..
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