|
f
<br />
<br />MORTGAGE AND ASSIGNMENT OF RENTS
<br />THIS MORTGAGE, made this 2nd day of December, 15`', T4 ~.~
<br />between BELS, a N b h' , ON
<br />his wife, NAOMI J. ~.. w ether one or more or gager ),
<br />and MARION D. LARSEN ("Mortgagee").
<br />Mortgagee has advanced to BELS the sum of Thirty-Five
<br />Thousand Dollars ($35,000.00), at the request of Dean R.
<br />Erickson and Naomi J. Erickson, which sum BELS has agreed to
<br />repay with interest according to the terms of a certain
<br />Promissory Note (•Note") of even date made payable to the
<br />Mortgagee, the unpaid principal balance and accrued interes*.
<br />of which Note matures on the 1st day of December, 1983. To
<br />secure the payment of the principal, interest, and any other
<br />sums payable under the Note according to its terms and any
<br />extensions or renewals thereof and to secure the performance
<br />of all the covenants and conditions of this Mortgage and any
<br />other agreements securing the Note, Mortgagor does hereby
<br />mortgage to the Mortgagee and its :successors in interest,
<br />all of its estate, right, title and interest in and to the
<br />following-described real estate and properties, whether now
<br />owned by the Mortgagor or hereafter acquired by it and
<br />whether now or hereafter existing:
<br />Lots One (1), Two (2), Three (3), Four
<br />(4), Five (5), Six (6), Seven (7), and
<br />Eight (8), in Bels Subdivision, City
<br />of Grand Island, Hall County, Nebraska.
<br />together with all existing and future buildings and improvements,
<br />all easements, servient estates appurtenant thereto belonging,
<br />all minerals and mineral rights, and all crops of every kind
<br />which may be grown or raised on the real estate described
<br />above, and together with all fixtures and articles of personal
<br />property including, but not limited to, all elevators, all
<br />gas, steam, electric or other heating, lighting, plumbing,
<br />ventilating, airconditioning, sprinkling, water and power
<br />systems, appliances and apparatus and a.11 other fixtures and
<br />articles of personal property which may now or at any time
<br />hereafter, during the term of this Mortgage ur any fixtensi.on
<br />thef'eof, used i ~nnect3.an with the real estate or
<br />properties descri?~ed above or i=n the operation t_herec~f• all
<br />of the £aregoing properties and real estate are collectively
<br />designated the "Mortgaged Property".
<br />Mortgagor relinquishes all rights of homestead, d%+w?r,
<br />distributive nr elective share and all other contingent
<br />interests, either in law or in equity, and waives any rights
<br />of redemption as to the Mortgaged Property to extent permitted
<br />by applicable law.
<br />Mortgagor covenants that it is lawfully seized of interests
<br />in the Mortgaged Property; and that it has authority to
<br />mortgage the same.
<br />1. Debt. BELS will punctually pay the principal,
<br />interest and all other sums which become due under the Note,
<br />this Morrtgage or any other agreement securing the Note.
<br />2. Taxes and Assessments. BELS shall pay each installment
<br />of all taxes and spacial assessments of every kind, now or
<br />hereafter levied and assessed against the Mortgaged Property,
<br />or any part thereof, before the same become delinquent,
<br />without notice or demand and shall deliver to Mortgagee, on
<br />ar before the tenth day preceding such delinquency date,
<br />proper receipts of such required payments. BELS will also
<br />pay all taxes (excluding estate or income taxes) or assessments
<br />which may be levied upon the Mortgagee's interest herein or
<br />upon this Mortgage or the debt secured hfirfiby, without
<br />regard to any law that may be enacted imposing payment of
<br />"the whole or any part thereof upon th€ ciortgagae.
<br />
|