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<br />Thin Indezatut~e, Made by ant£'betwtv,;,n .., R~pBERT IC, POLAt+1D aired tR7TS~I:,IAM D..SAPPr "I~xtants. -in. Ccat[uon,.,
<br />---- ~ - ~- ~ ~~ ~ .-~ ~ ~ - - .. ......... whether Tne or more hereinafter referrer) t9 as mortgagor
<br />_ and THE OVFT2LAND NATIONAI, BANK OF GRAND ISLP.Nf), Grand Island, Nebraska, hereinafter
<br />referred to as "Sank".
<br />:'he Mortgagor for and in consideration of tw..114, 400.._ 001------------- ------.-_-____-_
<br />ONE HUNDRED FOURTE'EIV 't€iOiJSAND FOUR HUNDRED AND NO/100- ---- ----
<br />_..._._ . .......-. _ ... _ _ ._ .. DOLL,t11LS, paid by the bank.
<br />the receipt :vhereof is hereby acknowledged, has gr2nted, bargained, sold and com•eyed and by the presents, c'~es grant,
<br />bargain, soil and convey, unto said bank, the following described real property situaied ir. the County of __ ,Hall..._._.._._ ...............__
<br />and State of Nebraska, to-wit:
<br />A part of the Southwest Quarter of the Northeast Quarter (SW;NE;) of Section 7Wenty-One
<br />(21), in 7bwTnship Eleven (11} North, Range Nine (9) U}est of the Sixth (bth} Principal
<br />Meridian, in Hall County, Nebraska, more particularly described on the reverse of this
<br />mortgage,
<br />together with all the tenements, hereditaments and appurtenanec~ to the same belonging, and all the estate, title, claims and
<br />demands •xhntsoever of the mortgagor of, in m' to said premises or any part, thereof; and said mortgagor does hereby cov-
<br />enant, that the mortgagor is lawfully seized of swirl premises, that said premises are free from encumbrance and mortgagor
<br />will warrant and defend the ride to said premises against the claims and demands of all persons whomsoever.
<br />PROVIDED ALNA1'S, and these presents are upor. these conditions:
<br />R'HEREAS, the inert agor has executed and delivered w the Bank .. _ d C22'ta1I1 _.___._....... promissory note
<br />. .............. .
<br />dated January 2, 198 ,for $114,400.00 at a rate of 12.5$. Zhe first payment of $2,56b.57
<br />shall be due and payable February 15, 1980, with 83 consecutive monthly payments thereafter
<br />of $2,059.19 a'ue on the 15th of each month camiencing March 15, 1980, with all payments
<br />a lied first tc? accrued interest and the balance to prit~ipal. A final payment equal to
<br />t~ en d principal balance plus accrued interest shall be due and payable on
<br />Ja~n~Iatya 15 1987..
<br />an as greed to maintain fire, windstorm sad extended coverage insurance nn said premises in amounts required and in
<br />companies approved by tha bank and w-i:h standard n.ortgageclauses which ps,licies shat': be delivered to the hank, and has
<br />agreed to pay all tales and assessments levied against said premises before the same twcome detinquent and to maintain said
<br />prerises.
<br />Now, therefore, if the mortgagor shgll 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 or any payments .called for i,herenn are not paid when due or if any
<br />of the covenants of this instrument are not complied with, the bank, ar the hailer hem.~f, at its option rosy declare the re-
<br />maining 'aalance of said indebtedness due and payable and may maintain ur, actinr. at law or in c=query to rncocer sit amounts
<br />due and enforce Lhe provisions hereof. Lt the event of the failure of mortgagor to maintain the premises. or to maintain
<br />insurance as is aboci> provided fm•, or to pay taxes or assessments, the breeder here-t may a:ivanre YhE sum or sums necessary
<br />to obtain compliance and such smounts shad be added to the amount due on tha above mentroned note and bear interest at
<br />the highest legal raie.
<br />I'f• IS FL'F.TIIEI{ AGREED, this mortrrzige aha21 constitute notice hereof, that !!ail mortgage is security for not only
<br />tfsr amount advanced eoncurrentip with the exerution hereof but x17 forum xdvar<.ces w}:i<-:r map t,r matte ai the option of the
<br />parties or their assigns up w the total amount stated in this mortgage, to the same extr>nt as ad~•an c€~ nriginalty made here-
<br />under. Further notice is hereby given that the tenor of each b2urtgage \ctc clud~i:~ life ___~_est r-_~ -tin+ rriatur:ty,
<br />ptana}iies, and other 4trrua shun runcurrentl}- upon execution become a rar, of t~,.,. n:_sr._;;ar*c=.s --- • p_Yy~... ,
<br />IT Tfi F(_n'I'H'R AGI{EED, that nc~ sa;l tt -tn.-„r.r .,half .i a xt-- N_s ,nx eu „p.= tr 's mer±gage o. the debt
<br />secured thereby, together with any other taxes oe asaessnients which ma} 6r levied under the Law_ of tiebraeks_ ~~sc r6~
<br />sand ~urtt.agr.:. ,.r ih~ .,~-a'• !il~lrr • , the -aid ..,. rpa. ttnteta} t... a~„ ut,~ ,,, ,.h.~ ,f,',=bte==,n.~..s.
<br />Ii IS Fi.'RTHEi~ AL't FEl}, if st any t*mt a rf ~ t.h, n, [pxyP :.. n .•i. x + 'nr:circ.,~. f••r ufirrh this mrrtgage is
<br />given as s curity, or any part thereof, rtvnama unl-ar 1. h,• uet<Y ~r. igned \, - ,p, k. ,r. ~, s!. , on,••; , c ,r;t,~a; t e„ +oit the real
<br />estate herein deacrihed, or xnY part thereof. or the 3lartgagurs <ic, rent ha4e ~•r <-a .. !:sG~,- •.,., ., ra•at estate or any
<br />pert thereof, then and in any such events, thr \tortgaf't•,• mac, at its opt ion .u• - r .:., ~_ r , ' { r.n. n.:, f.aiae - ~ an!1 itu.erest,
<br />of the note secured hereby inmicdiaGrly due and pxya6le. In t},e er,-nt :hat il:es,• prr~ni,a:.< f :;nr now, or shs:uld hrreaf4>r, not
<br />rr
<br />be aerupied by rr:nrtgagnr then this instrumeri shaft cansritut:•:m a:,sic-n;,°nt of rental= any! .rn;_. t:f a ,opr iherearf ulxzn the
<br />occupant shall be stifficieot to require a1i pa}•ment for rental or a„• n^ th,• prrn,lses aftrr <aar,• t:f lath s~rc~ce t„ made t.'
<br />mortgagee. (.~ j
<br />Signed this.- 2??CI -. --da of - JdI1lId.Ty _ ` -~. -L , 1`~, ~'~~} ~t~`~1tf: i'C •.
<br />In presence of ~ w~7il I ~ ~~~t,C~.._
<br />..... _ ....... ...... ... aril. [}....~J•`` ~illcll`ie 53tpp 'wl?;k,-,'
<br />STATE: t~I". N~~A- Cmmtt of.. ~a y F~~~1C111@~,y~b~d7a W1~
<br />Befare me, a notary pubht qualif:eu fc r sat i runty, pusvn<Ql came r ~
<br />known to me to Im the idontieai person cr person w}:u signs i t}u, ton going instrument and ucknow edgad the execution there-
<br />o! *_o Le his, her or their voluntary act and deer.
<br />~~arial seal on ., ..-.Jan,Lk1~y...~ ,~ it..80 ~f'~
<br />.I
<br />y~ ~f7 "~ ~ '~~
<br />~' ~ Y~tS t~' iBd~~~ - l-.~ .. 13V.~~ .-.- e--t r a-e ' //'.~ :.rt s. 'Natarv Public.
<br />1 :......... .. ~-.....
<br />STATE OF ...._._ .............................._._..._.__.-.__..... } Entered on sumericat index urea filed fur record
<br />.. _...... ` sa.
<br />County ........................._..._.__....................... { in the Regrs'ter of Deeds Office: of said County the
<br />......._ ...................day of....._....... _......_.-.. . _.... Ip....... ..., at_ _ _ ..- _ o'clock and . minutes _.it.,
<br />and recorded in Book.... _...... _.. , , of. _........ __..._. .... at page - - _
<br />........._.....__......,.._.. ~. -.._ . ....Reg. of Deeds
<br />$}' ..... .........._....... _. _.. .. ... .Deputy
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