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<br /> d MOR�TC�AQrE � v
<br /> \� �$- 1�3189
<br /> `�1 Tms Mortgage is entered iato between Cl inton D Burr and Lill ian Burr, Husband and Wife
<br /> (herein"Mortgagor'�aad
<br /> �Aama C'nt�nt� Rank (heTe1II�MOi�gBgee'�. �„
<br /> Mortgagor ia indebted to Mortgagee in the prinaipal sum oi 8 7,Q00.00 _ evidenoed by Mortgagor's note �
<br /> O
<br /> �d Apri 1 1, 1998 (herein"Note'�providing ior paymente oi prinoipal and inisresk with the balanoe oi the . \
<br /> i n de b t s d ness,i i aot sooner p a i d,due and pa,yable on Apri l 6, 2 0 0 4 �
<br /> To seaure the payment oi the Note.with intereat as provided therein,the payment o!all other sums.vvith inter
<br /> est, advanoed by Mortgagee to proteot the seourity of this Mortgage, and the pertormanae of the oovenaats aad agree-
<br /> ments of the Mortgagor oontained herein, Mortgagor doea hereby mortgage and oonvey to Mortgagee the following
<br /> desoribed
<br /> property loaated in Hall County.Nebraska. A tract of land comprising a part of
<br /> GOVERNMENT Lot 1 on the island in Section 34 AND part of C�OVERNMENT Lot 8 on the island xn
<br /> Section 27, all in Township 9 North, Range 12 West of the 6th P.M., Hall County� Nebr�zska,
<br /> said tract being �re particularly described as follows:
<br /> With reference to the Northwest corner of said Section 34; thence running S 00° 19' 00" W on
<br /> the West line of said Section 34 for a distance of 1013.96 feet to a point on the center
<br /> line of a County road running Southwe�t-Northeast; thence running Northeaster].y on the center
<br /> line of said County road bearing N 60 17' 25" E for 1110.00 feet to th� actual POINT OF BE-
<br /> GINNING: Thence continuing on the center line of said County road N 60 17' 25" E for 1728.00
<br /> feet6 thence S 00° 17' 25" W for 335.88 feet; thence S 42° 12' 59" W for 1641.03 feet; thence
<br /> N 29 42' 35" W for 800.00 feet to the POINT OF BEGINNING, then Northwesterly 33.00 feet
<br /> thereof being County road right-of-way.
<br /> Together with all buildings, improvementa fistures, streets, alleys, paseageways, easements, rights, privileges
<br /> and appurtenanoes looated thereon or in anywise pertaining thereto, aad the rents, issues and prolits, reversione and
<br /> remainders thereof; inoluding, but not limited to, hesting and 000ling equipment and suoh personal property that is
<br /> aLtaohed to the improvements so as to oonstitute a fiature;a11 of whioh.inoluding replaoements and additions thereto,is
<br /> hereby dealared to be a part oi the real estate seaured by the lien of this Mortgage and all of the foregoing being referred
<br /> to herein as the"PropertY"• ._
<br /> Mortgagor iurther oovenaats and agrees.with Mortgagee,as follows:
<br /> i. Paymen�To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br /> 2. Title.Mortgagor ia the owner of the Property,has the right and authority to mortgage the Pro e
<br /> P rty.and war
<br /> rants that the lien oreated herby is a Hrst and prlor liea on the property.esaept as may otherwiae be eet forth herein.
<br /> � The Property is subjeot to a Mortgage wherein �� County Bank
<br /> is
<br /> the Mortgagee,reoorded at�ono�t #96-109630
<br /> Page oi the Mortgage Rsaords oi �11
<br /> County.Nebraska,whiah Mortgage is a lien prior to the lien oreated hereby.
<br /> O Other prior liens or enoumbranoes:
<br /> S Tazes, Asseeementa. To pay when due all tages, speoial asseasmenta end all other oharges against the
<br /> Property and,upon written demand by Mortgagee,to add to the payments required under the Note seaured hereby,auoh
<br /> amount as mqy be suSioient to enabie the Mortgagee to pay auah tages, assessments or other oharges ae th�eyy beoome
<br /> due.
<br /> �. Insuranoe.To keep the improvemeats now or hereatter located on the real estate desarlbed herein insured
<br /> against dama,ge by fire and such other hazards ae Mortga,gee may require,in amounts and vvith companies aooeptable to
<br /> the Mortgagee.and with loss payable to the Mortgagee.In oase oi loas under such poliaies the Mortgagee is authoriaed �
<br /> to ac�ust.aolleot and oompmmise,in its disoretion,all olaima thereunder at its eole option.authori$ed to either apply the --�M
<br /> prooeeds to the restoration of the Properiy or upon the iadebtedness seoured hereby.but payments hereunder shall oon-..w
<br /> tinue until the sume seoured hereby are are paid in full, ��
<br /> 5. O Lscrow For T�es and Inauraace. Notwithstanding anything oantained in paragra,phs 3 and 4 hereof to .,W;
<br /> �:
<br /> the oontrary.Mortgagor shall pay to the Mortga,gee at the time oi paytng the month�y installmente of prinoipal and inter
<br /> est,one-Lweltth oi the yearly tazes,assessments,ha�ard insuranoe premiums�and ground rents(if aqq)whioh may attain
<br /> a priority over this Mortgage,all as reasonab�y estimated from time Lo time by the Mortgagee.The amounts so paid shall
<br /> be held by the Mortgagee without interest and applied to the payment oi the items in respeot to which suah amounts
<br /> were deposited.The sums paid to Mortgagee hereunder are pledged as additional seourity for the indebtedness seoured
<br />
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