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~.~i.a'uve~i,`'G~
<br />3EBRASKA MOTt-1GAc~F,
<br />This MORTGAGE made this .~ta*i~t day of Q~~as,+b ~r ,
<br />19$1 , betcaeen STEPHEN L. VON RIE,SE~T anti-PATT? ?2.~~1~~.'~Tr , hus-
<br />band and wife ('"Mortg~,agor") and ItOBETiT .I. WOESTMAN and .TEANNIE
<br />F. i~QESTMAN, husband and wife !"Mortgagee").
<br />IN CONSIDERATION OF FIFTY-Slai THOLTSANT3 EIGHT HUNDI;ED
<br />FORTY-5EVEld ANT' 12/100 DC)LLARS ($56,847.12) advanced by
<br />Mortgagee to i~ortgagar whs acknowied4e5 receipt of such sum
<br />~ahicn is evidenced. b_y a promissory pate of even date f"the
<br />:~nC.e") which this mortgage securas, the Mortgagor jointly and
<br />severally if more than one, hereby mortgages to the Mortgagee
<br />the following described real property sitaated Ln the County of
<br />Ha11, State of Nebraska, and described as follows:
<br />The Westerly Forty-six (46) feet of Let
<br />Twa i2), and the Easterly Twenty-six (26)
<br />feet of Lot Three i3), in Block Forty-four
<br />f44), in Charles Warmer`s Second Addition
<br />to the City of Crand Island, Hall County,
<br />Nebraska,
<br />together with all rents, easements, appurtenances, heredita-
<br />ments, interests in adjoining roads, streets and alleys, improve-
<br />k~erats and ba~iidings of any kind situated thereon and all per-
<br />sona:l property that may integrally belong to ar hereafter become
<br />a:n i.a:rtegrzrt part of such buildings rend 3.mpravements, to such
<br />r^eal pr~aperty icollec~~tivety "the Prk°apertw").
<br />Mortg,ag~.}r covenants with Mcrt~;agee and its succ:essars
<br />~,~n ia:7te~rest that tit Mortgagor hold:~~ title to the Property Ln
<br />fee si~:ple and has lawful .authority to mortgage thr} same, tii)
<br />the Property Ls free of lik:ns and encumbrances except as stated
<br />above, and (Lii? Mortgagor will defend the FroperCy against Che
<br />lawful claims of any person ur entity.
<br />1. PAYMEN"I'S. "Sartgagor shell. prc~nkptly make all pay-
<br />~iec'wts ret~u.irec! ui'i er the ~~ot,€~ akzkl ,irkv :.tth~sr in;~tr:kment securing
<br />°he ~dot+~ .
<br />,_. i°°.~ES. Mc~rtP,;3gw,r shall. Qay each ~nstallmint o-f
<br />~. Pik, .ii' maeh.}~~_; _ _._.~''ciF ~- ~,i r. i -3Y h~Y'~-
<br />ar)~e>"rzli~vied a~n~in assesseadgagainst tCie k't ca~~e~.'ty or anyvpart
<br />tiverei~fz b+efure same becomes delLns~uerkt, without notice car
<br />dervcici arks shall provide Mortgagee with evideni~e ~>f the paykrierit
<br />of ss "itsrtgagor shall pay all taxes and ass«~ssments :~hich may
<br />! Levied upon Mortgagee's interest herein or upcan the Mortgage
<br />or tFte debt secured hereby without regard to ai.y law which may
<br />enaetr'd L;rpzrslnia, payment of the whola or any part thereof
<br />upon the Mortgagee .
<br />3. II~SURA~iCi*~ ANL` ii~:PA1R5. Mortgagor shalt maintain
<br />fi Yn nyi ~rton~'eu~~~~-c4ar~i o.a"~'n v~r~ran a liiy~r)ry~ t,k~~ imnr~ztramy~y"k:t~
<br />and buildings c~ansti.CUtirig part of the property far an amount
<br />dual tk7 the act:u+~l mash value Mkt ~u~:h improvements, exclusive
<br />i'~= ft~undatic~i;~, bur in ;~o event f~jr an ~~iikc~unt Less thx~n tFte
<br />ant crk the unpaid prlncLQal ksalance of the Note. Such insur-
<br />ance pral.icies shall contain, a standard mortgage clause in favor
<br />cif CY-~ rtcarze~ ai'?d sha11 nc~C he ._:ancel_1ab1e, termL.nable or
<br />e~~#'i~~t~_L''it}'`u~' :.~.: ttf,~l r{~y-'.: ~r~tta~ i'~t.',.''a tC> ML?rt~,~~i~
<br />li~'Cga~€~r shall promptly ri~pair, maintain ~ind~reglace the
<br />t~~~erey tar any #'~``L th~re~~)' Eck tit.€~t, ~x+~vi#t )'=r £~rdic~ary t.~+~ak'
<br />a Cr~,az, tl~i~ property sha11 noC det+~rik~rate. In r~o event :~hal1
<br />the- l~r~ig~r caaii~it waste on ar to the Property.
<br />4. UC*T1pNAL ADVANGIiS. If the insurance rec}uLred
<br />a~ivta i~ oat Qir€~p }~ ~ e<;t~ , ar if the CBxes or sl~~cial
<br />~~~-~arst~ l.avid aa~d a~~~e~~e~ a~ai~7st the [~r~ala~rty sha11
<br />ir~ii„c7 rakiFiLkki»j3,i+~t~t,, ~tgag€~: iwhethik:r eiectiiig tea rlecl:~re the.
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