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'_ ,•-r~^ ~ SECOND ~ , ~
<br />~~ ~ ARGO CkIVELOPMENT G(~MPANY, iNC., a Nebraska Corporation
<br />z key a.nd'~~ tfetwepn .... - _ ......~ ,...........
<br />ai '~'hi~s Inta3etate d
<br />s~~ __ .
<br />_ whetheraneormorehereinafterreferrehtoasmartgagor
<br />~ aria THE OHERLAPID NATIONAL BANK OF GRAND ISLAND, Grand Island, Nebraska, hereinafter
<br />I referred to as Mortgagor
<br />t" ~ The Pilortgagcr for and in consideration of (a_ 22,131,._52 1 _ .._ -
<br />TWENTY..TWO THO!lSAND_ONE_HUNDRED THIkTY ONE ANp_52/100-------. ----~yI,A~ paid by the bank.
<br />__.
<br />the receipt whereof is hereby acknowledged, has granted, bargained, sold and conveged, and by Lrte presents, does grant,
<br />bargain, sell and convey, unto said bank, the following described real property situated in the County of ...... Hd l l
<br />_-.-
<br />and State of Nebraska, to-wit:
<br />Lots Three (3) and Five (5) in Argo Fifth Subdivision, an Add°it~o' to Aldo;
<br />Nebraska - '`
<br />Lots Seven (7), Eight (8), Nine (9), Ten (lO), Eleven (11), Twelve !12),
<br />_ Thirteen (13), Fourteen (i4), all in Argo Subdivision, Hall County, Nebraska
<br />- together with all the tenements, hereditaments and appurtenances to the same belonging, and all 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 heresy coy- -
<br />- enant, that the mortgagor is lawfully seized cf said premises, that said premises are free from incumbranee and mortgagar
<br />- will warrant and defend the ±itle to said premises against the claims and demands of all persons whomsoever. -
<br />- PROVIDED ALWA~'S, and these presents are upon these canditians:
<br />WHEREAS, the mortgagor has executed and delivered to the Bank ...__....... ~.. CeY'Ldl YL.__,_,,,_..._.__.... promissory note
<br />dated August 22, 1979, for $44,131.52, at an interest rate of 12.0%, with 59 monthly payments.
<br />of $318.52 each, applied first to interest and then principal, the first payment being due
<br />September 22, 1979; and.on the 22nd day of each month thereafter with a final pa ent equal
<br />to the entire unpaid principal balance plus accrued interest due on August 22, 1984.
<br />and has agreed to maintain fire, windstorm and extended coversge insuranc< on said premises in amounts required and in
<br />~, companies approved by the bank and with standard martgaKe clauses which policies shrill he delivered to the bank, and has
<br />_ agreed to pay all taxes and assessments levied against seid premises before. the same become delinquent and to maintain said
<br />premises.
<br />'~ Now, therefore, if the mortgagor shall comply with all of the provisions of said note and the provisions hereof, then -
<br />- - these presents shall be null and void. -
<br />However, if the above note and interest thereon nr any payments called for thereon are not paid when due ar if say
<br />- of the covenants of this instrument are not complied with, tae bank, or tha balder hernof, at its option may declare the re-
<br />maitdri`q balance of said indebtedness due and payable and may maintain an action at law or in equity to reeaver all amounts
<br />doe and enforce the provisions hereof. In the event of the faiture of mortgagor to maintain the premises, or to maintain
<br />insurance as is above provided for, or to pxy taxes or assessments, the holder hereof may advance the sum or sums necessary
<br />to obtain compliance and such amounts shall be added to the amount due on tha above mentioned note and bear intereet at
<br />---- t the highest legal rate.
<br />IT IS FURTHER AGREED, tlsis mortgage shall constitute rntace hereof, that this mortgage :s security far Hat- only
<br />~ the amount advanced concurrently with the execution hereof bui alt Suture advances which may be made at the option at the
<br />parties or their assigns up to the total amount stated in this murtgsge, to the same extent as advances originally made here-
<br />- under. Further native is hereby given that the tenor of each 1VSartKnrr '4ote including the interest ratz, payment, maturity,
<br />- - penaltizs, and athzr terms shall concurrently uE,an axe4utian heeama~ a part of thhis mrnrtgaj•,e.
<br />- IT IS FURTHER AGREED. that the said 3lartgagur sha':1 and will l;ay alt taxes levied upon this rr=artgage ar tlto debt
<br />Er ~--r _,~,~„E ,~ .,~. Feu ~~
<br />~" se-~ei7.*~'; thereby, `~*~tn~z ..-zh any ~ib~r friers -`--° -,,,~.. ,.. - ...- c. ~ .,r3 e€ h~. - -f ~
<br />sixid..Mortgsgeg or the legal homer of the said principal notels~ ~n a~~cc+unt of this indebtedness.
<br />- - - IT IS FCIRTF{E:R Af:REED, if at any time, while the mortgage is in effect and xhe Hate for which this mortgage is
<br />given as security, or any part thereof, remains unpaid, the undersicneri Hr,rtKagars sell, convey or eontracC to sell the real
<br />estate herein described, or any part thereof, or the 3hxtgagors da not have ar cease to hays title to said real estate or any
<br />part thereof, then and in nny such events, the ;vlnrtgaKec may, at its option. drrinre the unpaid principal balance, and interest,
<br />of the Hate secured hereby immediately clue anti payable. In the evrni that these premises are not now, ar should hereafter, not
<br />- - !ae occupied by mortgagor then this ietstnrntent slat! constitute ar. assignment of ri-ntais and service of a espy thereof upon the
<br />ottapant shall be sufficient to require alt payment for rnntul or use ai the premises after date of such service to made to
<br />• mortgagee.
<br />sigma thia .............22nd.......day of... August....... - , 29... ,.79 ... -.. .
<br />In preaenca of ARGO DEVELOPMENT COMPANY, INC.
<br />~ ~ r /~
<br />BY.;~.t-s7,c.: ~~~~~t~ ._ _._...President
<br />STATE QF ........................................._.,... _ .... ,County of _ ..........,_..-. _........ _.....:
<br />Sefnre ms, a nokary public qunlitied for said county, personally name
<br />known to me to be the identical person or persons who signecithe tnregaing instrument and acknowledged the exeeutian there-
<br />- at to he his, her or their voluntary act and deed.
<br />Witness mp hand and notarial seal an .... ... .. . . ... ....... ..... .. ........ .._...-. - ---..... -..._, 1:1-.-. - -- -,
<br />-~ - - ~ ffiY commission expires :................... .... .............. , 19....... ............. .......,........._.._..._.... ..._....... .Notary Public.
<br />STATE OF; ................... ................. t Entered on numerieai index and flied far retard
<br />~ sn.
<br />Cgtmty :...................._...................., .....-........-, .. .... in the Register of Aeeds Office of said County the
<br />..........................dap of..::..._..........._..-......., 19 .........., at. ........... ......._a'clack arid....... ..._. _.. .. .minutes _.M.,
<br />and recorded in Book .............. .............. ... of . _................ ... .......- . at pnge..... ..--. - ..
<br />............................_.._ ...__..._............ .... .- ...... .. ....Reg. of Dezda
<br />By .............._......__............. .._ .. ..... ..,Deputy
<br />
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