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'I~sil~ Indenture, .tNar!e by and betvreen i` is~t.Gtria ~v~~~nr'~ . r a i~+~sr"~,. C,or. porat~.s~a. "' ' i r re,-erred t6 as Bank and TE~3; {~t~$2I+Pa~U_ NATII P.AI~ C~ z~ ) {~E' _ ~F$3i~FfFI3 FIFTY Sii[J[JSAI~ ~1T37 b'~+'r The Mortgagor far and in constderation of {S ..15Q,-GOf3,. Q{p D~-. - _....._-- -- ... - ..._.. _ .. - -. - _ -_ . - DQLLAR3, paid by the bask. - - -- the receipt whereof ks hereby aelmawkdged,-has granted bargained, sold and conveyed, and by the pr~enta. dgee gran;, betgain, sell and conv9y, unto said bank, the following described real properly situated in the County of ~-~- and State of Nebraska, to-wit: 1~ pne {1} throur3h ~taetltg-Nine {29) r bD12 i[1G1uSive, S~Iester7Z2 FiP.ightS Fourth S~lbdivisian, Hall County, Nebraska together with all the tenements, hereditaments and appurtenances to the same belonging, and ail the estate, title, claims and demands whatsoever of the mortgagor of, in er to said premises or any part, thereof; and said mortgagor does hereby cov- enant, that the mortgagor is lawfully seized of said premises, that said premises are free from incumb;ance and mortgagor will warrant and defend the title to said premises against the claims and demands of all persons whomsoever. PR(yVIDED ALWAYS, and these presents are upon these conditions: WHEREAS, the mortgagor has executed and delivered to the Bank .._....d_~p~~~~ - -..---- -...--- promtasor note dated October 20, 1981, for $150,000.00, at an interest rate of~1.50$ over the pry rate of The Overland National P.ank of Grand Island, with interest due and payable on the 10th day of each month cannencing I3oveliber 10, 1981, and the entire unpaid principal halan.~a plus aoczued interest due alxl payable on Octc~er 10, 1983, and has agreed to maintain fire. windstorm and extended coverage insurance on said premises in amounts required and in companies approved by the bank and with standard mortgage clauses which policies shall be delivered to the bank, and has agreed to pay all taxes and assessments levied against said premises before Lhe same become delinquent and to maintain said premises. Now, tlterefore, if the mortgagor shall comply with all of the provisions of said note and the provisions hereof, then these presents shall be null and void. However, if the above nose and interest thereon or any payments calle6 for thereon are not paid whet, due or if app of the covenants of this instrument are not .ompiicd with, the bank, or the holder l;ereof, at its option may declare the re- maining balance o£ said indebtedness due and payable and may maintain. an action at law ar in equity to recover all amounts due and enforce the provisions hereof. In the event of the failure of mortgagor to maintain the premises, ar to maintain insurance as is above provided for, or to pay taxes or assessments, the holder hereof may advance the sum ar sums necessary to obtain compliance and such amounts shall be added to the amuurt due on tha above mentioned note and bear interest at the highest legal rate. IT IS FURTHER AGREED, this mortgage shall constitute notice hereof, that this mortgage is security for not only the amount advanced concurrently with the execution hereof but ail future advances which may he made at the option of the gartiea or their assigns up to the total amount stated in this mortgage, to the same es*_ent as advances originally made here- under. Further notice is hereby given that the tenor of each Slartgage dote including the interest rate. payment, maturity, penalties, and other terms shall concurrently upon execution become a part of :his mortgage. rm IS F'rnmrloR AGF.EFD, iha' he s~.= .:-_--~ got sh.ai'. and tai!; 7%ay ail taxes levied upon t s mortgage ar the debt eeeured thereby, together with any other taxes,,. ,,-essments which may be levied under the Laws o.' Nehraska._ a_e_ainat th_e_ said ~SFtKage2 cr t`ue itt-al h„ldar o€ tht said ;r: r;~~:-;rat r:oE.o(st un acc•,unt of this indebtedness. IT IS FtiiiTiliJR AGREE;3, if at any time, t+-^ito the mortgage is in ~•;fect and the note for which this mortgage is given as security, or any part thereof, remains unpaid, ±he undersigned 1lortgagors sell, com•eY or contract to sell the real estate herein described, or ary part thereof, or the 3fortgagors do not have nr cease to have title to said real estate or any part thereof, then and in any such events, the mortgagee may, at its option, declare the unpaid principal balance, and interest, of the note secured hereby immediately due and payable. In the event that these premises are not now, or should hereafter, not be occupied by mortgagor then this instrument shalt constitute an assignment of rentals and service of a copy thereof upon the occupant shall be sufficient to require ail payment for rental or use of the premises after ;late of such sen•ice to made to mortgagee. Signed thia.........~~._.....__day of. ._ ..OCtD~EL...-... -_ ......._......., 19_-_...-81 _- .._. In presence of FlEI )D ~ ~ ....... .. _... ........ .... _.. ~7~-LJE':LDBL'Lc-~- tGl/rr>tc./, rf'.Sldent _..... 3[E~er .... .._..... .. .. STATE OF ................_...._.. ................. .. _....._, County of_ _.. - Befgre me, a notary public qualified for said county, personally come known to me to be the identical person or persons a.•bo signed the faregaing instrument and acknowledged the execution there- of to bs his, her ar their voluntary act and deed. Witnkaa my hand and notarial seal on.- _ ...... _ _._. _ ., 19.._-.... Mq commission exgiresa.... _.. _.......__.. !9... _........_......... .._....... .._.._.....___..... _......Vntary Public. STATE OF ............._......_ ..... _ . ! .........................daY ef._.. - and recorded in Book_ Entered an numerical index and filed for record 3 sa. m Lhe Register of Deeds Offitre of said County the 19 at.. o'clock and-- minutes M., of at page- ,-- - dv Reg. of Deeds .Deputy