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<br />~~cr~
<br />Account No.
<br />79-- a c.~~~ y €3 9 4 REAL ESTATE MART GAGE
<br />RICHFi?~ C. @UTHERLAIvT~ and 4t~ag,zVt?F; $t}. xiE,~~r'~D, husl~an~? a>.;d *.,a fe
<br />..........................
<br />._...___. ......................_.......:....................................._...._........ _...._......_.............._.._.........-........__................_..-_._~_ hereinaRet
<br />called the "Mortgagor'°, dies heretic mnngage the follna•mg ntscnbed real estatc:
<br />__~'~~.._~.~ste.I;ly,...,16..5 feet of Lot Thi ,teen { 13) , all o_` Lot Fourteen
<br />.. .... .
<br />..... .
<br />. ___._..
<br />{ 14) , 31ock One { 1), in .,nir_krehrn 6th e ition tot e C>_ _y o_*
<br />Grand Island, Hall Caur.ty, I~ebrask,t
<br />... ....._.__._._.Y.___
<br />. ._. _
<br />:'also knctam as: 311 E. 22 St., Grand Island, Nebr.
<br />hereinafter cailerl the "premises", to BNI Fadaral Credit Union, hereinafter called :he 'ldort gagee", in consideration of the
<br />.. amount, financed by the Mort a ee in the sum of Ele VvT'! `)'hou sand .~'j`y~',__..~jl~f,~.r0~,,._~jj[i._-~?^ ,.ZQ.(']thc
<br />g B .....__.._.__............_- __..... _...._. s+F
<br />DOllc~.~S~_.~-....°..-^.._"_..~....'~ ~ ~ ~ - , -ts..a,~..~.~.1~~...QQ._......),receipt of which is hereby acitnowledged,and in
<br />consideration of covenants and agreements hereinafter set forth:
<br />PROMISSORY NOTE: This mortgage is given to secure payment of the amount financed together with interest, according to
<br />the terms of the Mortgagor's promissory note of this date.
<br />ADDITIONAL ADVANCES: This mortgage shall secure any additional amounts financed together with interest, which may be
<br />made at the rtwr[gagee°s option at any time betwe the release of this mortgage provided, the aggregate amount accrued shall
<br />not exceed the maximum amount permitted by law, except that nothing beret,. contained shr,ll be considered as limiting the
<br />advances secured herein which are made [o protect the security or made in accordance with covenants contained in thin
<br />mortgage.
<br />WARRANTY: The Mortgagor hereby covenants with the Alortgager. that the Mortgagor is i.•v uity seized of the premiaaa, that
<br />t}ie~oremises are tree from encumbrances; that Mortgagor has goad, right and tawts~l authatity to ce.^.vey the premises, rw that f
<br />the Mortgagor warrants end will defend the title against the lawful claims of all persons whomsoever, except ~_..._.._.... i
<br />_S1tb~eet to 1st mortgage-_ held,by dome-.._Federai....$ayings .~_.yC,an.,~.~ii,,.,.
<br />Grand Island, Nebr., balance anox. $24,?29.Q0.
<br />OWNERSHIF: I[ there is any change in the ownership of the premises by sale or otherwise, then st the eleetian of the Mort
<br />gagae the unpaid balance of the amome financed including additional amotmta financed together with interest shell become
<br />dtte erd payable at once without demand or notice.
<br />INSURANCE AND TAXES: The Mortgagor shall maintain firs, windstorm and extended coverage irtauraxe upon the premise,
<br />N an amount not less than the indebtedness due the Mortgagee with aloes-payable clause in favor of Mortgagee. The Meet
<br />gaga, agrees not to commit nor permit waste on the premises. The Mortgagor shall pay all the taxes, laviea and useeaments
<br />tQOn the premises txfae they become delinquent. In the event the Mortgagor shall fail fo obtain inauratme or pay taxes and
<br />other liens txfore delinquent, the Mortgagee may either pay them, creating a lien secured fureby for the amounts so advanced
<br />together with mtereat at the ennua2 percentage rate of twelve per cent (125,) ' or consider Mortgagor in,defwlt.
<br />DEFAULT: The Mortgagor is in default if arty of the terms and corditiona of ¢his mortgage or CLe promtasory ,tote or notes
<br />sectored hereby era breached. Upon default, the Mortgagee without demand or notice may declare the enure debt accured by
<br />this mortgage due at caeca and msy foracl~e this mortgage for the eatisfactitm tharoot.
<br />RENTS: All rents and profits derived from the premises are hereby assigned to the Mortgagee and roman default aueh~renu
<br />and profits shall be paid directly to the Mortgagee to be applied against the ttnpsid balance of any and alt advances seetued
<br />hereby togethu with interest. Upon default the Mortgagee shall be entitled to immediate posaesaim of the premises. The
<br />Mortgagor irtevocably appoints the Mortgagee and its asaigoa end successors his attorney-in-fact to rent, menage and main-
<br />tain the premises as it deems best' and the Mortgagor further agrees to pay said attorney n reasonable fora fa such cervices.
<br />~i g
<br />Signed this _Y.._f ~.... day of ~{'s~a=zL.__ / 19 ~.L
<br />Ff ~K~~L14it%F ~ .f~ F.r_`
<br />Richard C. Sutheria)~d~
<br />1 _ Marlene Sutherland
<br />STATE OF~r.7 _...... --._..~ ...~._....~_~.~...~.._ ~._..._.~
<br />Mortgagor
<br />~~ 11 ~~,, ~~ EE SS.
<br />COUNTY OF~..IS.d.II____
<br />Before tae, a Notary Public qualifisd for said court personally cam
<br />to me known to be the identical pe}rsolnfw~h'o signed the foregoing instrument and acknowl-
<br />~ edged the execution thereof [o be _i~-Lt1-L--_-_ vo-t{tm~ t~a~ry act and deed.
<br />WITNESS my hand a{nd,, notaarial seat on ._~ L 19
<br />jj r/y (} > Notary Public
<br />My Cortmrisaian Expires: _(„Lf 1~~-~~U }_1_`I O[.
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<br />f3FCU Form 10g
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