|
<br />~I~~T!~~C~~'
<br />THIS NfORTGAGE is made this 2istdaY of Novetuber , 19 79
<br />between the Mortgagor, Eliason 5 Knuth Drywall, Inc., A corporation organized
<br />under the laws of tI'ie State of Nebraska
<br />(herein "Borrower"), and Lhe Mortgagee, LINCOLN FEDERAL SAVINGS AND IRAN ASSOCLA-
<br />T40N , a corporation organized under the Iaws of the United States of America, whose address is
<br />1101 "N" Street, Lincoln, Nebraska {herein "Lender").
<br />WIiEREAS, Borrower is indebted to Lender in the principal sum of
<br />CNE HUNDRED FIFTY-FIVE THOUSAND ANt7 NO/I00--------------------~----------~__--
<br />Dollars, ($155, 000.00), which indebtedness is evidenced by Borrower's
<br />note dated Novetttber 21, 1979 (herein "Note"), providing for monthly installments of princi-
<br />pal and interest with the balance of the indebtedness, if not sooner paid, due and payable an
<br />I9arch I, 2000
<br />To SECURt: to Lender (a) the repayment of the indebtedness evidenced by the Note, with interest thereon, the
<br />paytaent of all other sums, with interest thereon, advanced in accordance herewith to protect the security of this
<br />141origage; and the performance of the covenants and agreements of Borrower herein contained, and (b) the repayrt~nt
<br />of any future advances, with interest thereon, made to Borrower by Lender pursuant to paragraph 2i hereof (herein
<br />""rvture advances"), Borrower does hereby mortgage, grant and convey to Lender the following described property
<br />located in the County of Hall ,State of Nebraska:
<br />Lot Six {6), and the North One-Half (1/2) of Lot Se.~an (7), in Mehring
<br />and Giesenhagen Second subdivision, a replat of Lot Two (2) in Mehriag
<br />and Giesenhagen subdivision, Hall County, Nebraska
<br />which has the address of
<br />Hollaad Drive Grand Island
<br />tStreet]
<br />{hereto "Property :address"):
<br />tCitY7
<br />1~ebra=fRa -
<br />t5la;e arA Zip Ca4el
<br />Toe@7HE& with ail the improvcrctents now or hereafter ereeked on the property, and ail easements, rights,
<br />apptirLenatte~, rents, rogalties; mineral; uil and gas rights- and profits, water, water -rights; and -water stock, and alt
<br />fixittresnow oi• hereafter attached to the property, a!1 of which, including replacements and additions thereto, shaft be
<br />deetned to be and rerriairi a part of the property covered by this Mocigagc; and all of the foregoing, together sviih said
<br />property (or the [easehotd Mate if this ~dartgage is on a leasehold) arc; herein referred to as the "Property".
<br />Barrovrer covetsarts that Borrower is lawfully seised of the estate tureby conveyed and has the right to mortgage,
<br />- graitf and convey the .Property, that the Property is unencumbered, and that Borrower will warrant and defend
<br />generally the-title to the Property against ail claitits and demands, subject to any declarations. casetrsents or restrictions
<br />listed in a sch_dulc of enceptior=~ fo coverage-in an}' title insurast>^. policy insuring Lender; interest in the Property.
<br />Ifl~~a~1~t-1io4.~aatllY-b/IS-tlNfA(FtttlYt6 tHtt~t{iIt It~TAtttiFEMT
<br />
|