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REAL ESTATE M~QRTGs~GE
<br />79-. ~)~$~5 ~----
<br />MORTGAGORiS); ilL4°Lj838$
<br />W~II.riEP. EL`Wiik? k S QIS L WALKEk
<br />AVCO FINANCIAL, SEPtVICES ._
<br />
<br />416 WEST 3rd STkEET
<br />CkAEID ISLs11`ID , NE$RASKA
<br />AGREE- RATE OF CHARGE ON PROMt.csnRY NOTE EKECUTED CONCURRENTLY HF.REW[TH:
<br />AGREED RATE OF CHARGES: 2°b per month on that part of the unpaid balance of the Amount Financed not exceeding $i,l)00; i;4%per month on an
<br />part thereof exceeding $t000 but no[ excxartirw 56 0[10' 1 :4, ner month nn the remainder
<br />ws i rvcaac. rrr, mat nsorrgagurlst, dons mortgage, grant, bargain, see, end convey, unto Mortgagee, its successors or assigns the folkwing described Real Estate
<br />in the county of _.~ta' i ,State of Nebnaka, to wit:
<br />LOT S1:V:;c1'1'lE'tr'(11) r 51ACK SI~C6) si~?iRIS TIITiiD t1DDITI0i1 TO TILE CITY OB CkAt'SD IS1ANDaHALL COUNT~'a
<br />iv~,Si{etSK.l .
<br />togathrr with all bui7dmgs and improvements now or hereafter erected thereon and sU screens, awnint,s, shades, storm sash and blinds, and hoatiag, tigbting,
<br />okumbing. Y.at, electric, ventilating, ref_rraera~ g urvf uir•c~rfdiLusni.y r-guipmnnt use is::r" ryxtian thsrewsth. aB of whkeh. Par the p-s-rra~ of LhR ma~rg~z,
<br />sh.tl be dermrd fixtures and subject [o the tier: hereof, and the hereditamenu and appurtenances peztaining to the property above described, end a{1 sttesis,
<br />lanes, alleys, passages, ways, waters, water courses, rights, librrcks and privileges, whatsoever thereunto belonging or in anywkse appertatnilg and the reverskons
<br />and remainders, all of which is referred to hereinafter ns the "pmmisei'.
<br />T'O HAVE AND TO HOLD the abave•described premises, with the appurtenances and fixtures, unto tfie said Mortgagee, its successor and assigns, forever, tar
<br />the ?urposes and uses herein set Corth, free Gom all rights and benefits under and by virtue at any Homestead Exemption Laws of the State of Nrbraska
<br />which may be enacted, which said tights and be[teiits the said Mortgagor dons hereby expressly release and waive.
<br />Mortgagor also ass~tns to Mortgagee all rents, issues and prottts of said premiers, reservittg the right to eo$ect and use the same, with or without t.king
<br />I. pcassession of the premises, during continuance of default hereunder, and during continuance of such default authorizing Mortgages to enter upon said premima
<br />undJor to collect and enforce the same without regard to adequacy of any ucuri[y for the indebtedness hereby xcured by any hwftd means irlcludir(g
<br />appointment of a reaekver in the name of any party heretb, and to apply the same less costs and expenses of operation and totketlnrr: in.?I~ifng ieasortsbk- - `~
<br />attorney's fern, upon any indebtednea secured hereby, in such order as Mortgages may determine.
<br />60R THE PURPOSE OP SECURING: (I) Performance: of raoh agreement of Mortgagor uosnainrd hrrnin; (2) Payment of the priftcipai swn with inten^ct,
<br />as provided iq awardance with the tams and provisions of a Promissory Note / Luan Agreement (hereinafter referred to as "promissory note")
<br />dated y' 11- 74_ ,herewith exectytttfl'd {br~~'M~ gagor and paYabk to the order of yurs~yrse,
<br />to the prmcipai sum of S .58 ~ ,and having thr date of its final paymrnt due on 1-" ~ ` ~ ~~._.,_...__ ,
<br />or ax extruded, deferred or reschedulyd by renewal or refinance; !3) Payment of any additional advances, with intrrsat thercorf, as may Iscreaffss he
<br />kulncd by Mortgagee la Mongagor in a maximum awn u~~~.Q~--.._....... within 10 years Elvin thr data of thks Mort_ t#} The pa~m+att •~t arss-
<br />-nlline}' Thai irl.'.y ne aifk'anlYd t]y the Mortgagee to Morlgsgaf fat any Rican UI (a third parlMe, Wllh interest thrreon, where the amounts ue advanced W
<br />protect thr ascurkty at to arwrdancr with the covenants of this Mortgagt; (3) Any rsnswaf, refinancing or rxtension of said promissotY nwa, ar any otter-r
<br />agrrrmem to pay which may be substituted Ihettfor.
<br />A[l paymrn(s made by .'dartg#ae rip the :abligatiun srrvtgd !aY this Murtga~z ttaafl br apptssd in rise fuiktw ertfrr:
<br />t S$~T' Ta 4a ! } s ;:v .~xn~ ..^,d ;.~wmanf3 that mkt '~ a~i 3 Ehd a~>a„a;as'€ ~ pte~e~_, lrararcC prrmun:~, ier.a::f, :Y,,: aii :r#:.ar
<br />charges acrd exrznaes ~'xi~.d to by ~ by the Mortgagor
<br />cFrnun r., .pT .+~:a du. an ~.,, h;:n
<br />TW1R-: T'o the payrnrni~4f princtpai,
<br />TO PROTF=Cf THE SECURifY HEREOF, MOR'CGAGOR(S) COVENANTS AND AGREES: (1} to keep said pmmissx insured agaurst tau key kirr and
<br />atkrot hazards, eatualty and conHngemies up to the Pull value of all improvements far the protrciidn of Mortgagee to such man[ter, in sueh amounts, anal
<br />in sueh companies as Mortgagor may from taint to time approve, and that loss procreds flu expense of eolketion) shall, at Mortgagor's option, br
<br />applied on sled indebtadr(cu, whether duo or nut er to the rastaration oP said improvements, in event of tau Mortgagor will gwe tsnmediata eaters by
<br />mall to the Mortgagee, who may make ppsoP of loo il' not made promptly by Mortgagor, and rush insunncr company aataerned is hrtrby authorized and
<br />du-erred w make payrrlcnt for such Fast directly to the Murtgagre instead of to the Mortgagor. (21 To pay all lazes and spruiml asxtssmenh of any kind
<br />that have beets ar may be levied or asserssd upon raid premises, and to deliver to Mortgargrr, upon request of the Matt~ag~ the o€t7.--tai rretpi shawfng
<br />payment of ail such txxrs and assessments. {:!) to the event of default by Martgaijor under Paragraphs I ar ? above, Murtgagre, ut its option, cony (a)
<br />place and keep such insurance about provWwt for in Force throughout the tifr of thtx Mortgage and pay the rcawnnbie premiums and .hargas (hercfur, {h)
<br />pay alt said lazes and astesunrnts wkfhaut drtrrminsng [he v;ddlty thereof; and (c) Pay such learns aru! a71 such diabursrments she)) be deemed a part of
<br />the uldebtadrlau ucurrd by lists Mtxtgrrge and shall br insmediately due and payable by Mortgagor to Mortgagee (+t) T'o kegp tttr buildsngx and u(hrr
<br />impruvrrnrnis new existHrg ar ilrrcaficr arocteJ in gaud condkfion and eepair, not to raincoat or sutler anY wssit ar any ufe or seed prcmlw~s .Detests to
<br />nsinctfons of mcotd or r-vrtttatp to taw, and to permit Martgajre to enter at ati trasanable limas for the putposr of inspecting the peruasrs. nut w
<br />r mr»-a or detnokisk any budd;ng therran; fa resters. promptiy and m a goad and workmanGka manna anY but cogs which cony br datnagaJ or destroyed
<br />thereon, and lu pay, -~-hen due, uU clnlms for lobar prdommd utW mnuriats fumkahrd therefor, (3) Thar he wip pay. prompptly the indebted ores secured
<br />hereby: and prrAstm aif ether abiigahons m fuU comphana with the trines of said Promtssary Nutr seed this Murtgags; (e} That the time ut pay mans of
<br />(hr mdebtednrss hereby srcuted, or of any puritan thereof, may fie extended or raetawrxl, and any portions of the ptrmksss hezrm drscrrtsad may, wn)tk-wt
<br />nogce. br released from the kart, hereof, witMrut rafeuirtg ar affr.ling the ppeerwnai habUity of any parson at the priority at` thee Mortgage. {?} thee hr
<br />di,rs srrrcby feature wurant and Wilk farver defend the tills a(W pasaessipn thrreot' against the lawfoi sdaans of any aM alt persons whatrurver.
<br />iT k3 MUTUALLY AC;RF.kls iHAt': (l3 If the saW Murlg#or shalt Elul of negtace to paY tnatallmrtlts an said Promissory Note as the saint may hsroat'trr
<br />twcnrm due ar upon default m perfntrnansd of any agtarmtrnt harennikr, or uPrrtt sal m ottmr dsapoaitwa aF the premises by Mortgagor, ar shaukt any
<br />actkon or ptarred s t Rkd in any rtturt to enforce any lion un, rleyn a~galnst of infatWt its fhr premtacs, then aR wins awtgg trY iha Mortgagor to Use
<br />ls=-t°a~- ~-s~.s - _ __~ t-t~ ~-~ '=s~ ~33r3 h~;<SY s`.sar`3. immr~attk'# .sari dire stet psyahk at iha opiiurs ar sea
<br />un the; apfslicajian of d fariaagea, or iitptyssa, as env ether psrsalf wjtd may ba entity !a the matslos due tketesxt. to weh event rho r~'ar
<br />leave the srght xemedtalrly to ~utecto~ tlt~ r°.-ortls-aa~ h czarplant Por that l~fz, and such zampktvtt may ba pcasecuiad ra judgment xnd ezacutton
<br />and safe fns the calkrtion of the whole amount at the tmieptednea seed interest tFtereon, nu:ludflrg reasonable anuenaY's teas, any amounts advanced
<br />pursuant to the mertg#r, ceases of wit, arM 43a~ of sale, kf permitted by bw.
<br />(2) fn the went ssdd sxetafsi•s are sold ai a Paretdoasze seta, ~ortgagorts) ska$ fie $abte tar anY defirirnrY remainiryt after sake of the premises u' prnuitred uy
<br />law. amt app$caUun of Wr pross:eda of said oak to the indebtedrrsss secured and to the sxpenws of foreclowre, tneludtng Mortgagee's wasunabk unornryb
<br />fees and legal astprnses if e@ayvsd by taw.
<br />!?) Mortgagee iltaR br w4msgated to ttx tiro oP ar y rod sit pH~ etxrtmbrances, kkna or charges peed and disk-hirged from the ptsxvweda of the Man
<br />ftrrebY serured, and etIIn though said prlo~ lian6 tease lka0rl rekatind of rnr,•ord, .the repayment of said iefdebt~nbsa shall tw xrcurcd by wch liens on the
<br />portions of s(tid premL»s tfGfeted thetaby W t2te sactetnf of such paYmsnts. -reMsoMWelY.
<br />(4) Whrnrvrrr by the terr9a oP $tls-inltrttmeat w at acid Promiaeoty Note, MQ~ Is given any isption, lush option may be rxeraisod when the right
<br />accrues at at any limit thrmaPter, and. no atxx(stance by A/ottgagee oP tMymarst of tndebladnsas in de6ult shelf canstktutr a waiver of any default then
<br />oxlsting and continulrsg nr themafiar accruing.
<br />sa-oats twav. a•tak ne
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