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<br /> �tEALF ESTATE MC3RTGAGE
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<br /> �� J(3?�l �tOSS MILLER and MAEZL'YN MILLER, hus,banci and wife, each �.n
<br /> : 1 - his anr2 3ze� own right azsd as s�ouse of the cs.ther, iz�rein called �he
<br /> � ` i�4ortgagors, in consideratian o� Eigh�een Thousand F3ve H�axadred and
<br /> r .; 2+1c>;IIOOths Dallars (SI8,'S40.OU) 2a tzereby mrar�gage tc� FRANCES 2`. "
<br /> "� # ' M7C�.L�.R, ,herein cal3eci tl�e [�tortgagee, the fo�:lowing descrs.bed rea 3.
<br /> � ',' estat$ in Eiali Cekunty, and State`of I�€ebraska.;
<br /> . : ;,
<br /> . € `3'he Southex�.y ,Sighty (SOj feet of 3,ot �'iv� (5) ; ��
<br /> �".;- ; in'Block �ne �1), in Lakeview Addz'tian to the
<br /> Gity of'Grand IsI and, i�tet�ra.ska, ex�ept therefro�
<br /> �" �hat past thereof ta3�cen b� the Cit� ,of Grand " ` '�:
<br /> ' � `� �slanc3, `i�Iebraska, as shown by 4�rdi3iance 'r�corde� `
<br /> '= ' �n Eiaok �, at' Page 401, of .Miscellaneous Records '-;;
<br /> an the �ffice of the Reqister of i7:eeds a� Hall
<br /> ,:- ; County, �,?ebraska:.
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<br /> And tt.�e Mort:gagors: do hereby covenant wi�h the Nfortc�agee and
<br /> with Mostgagee's heirs and assagns tkiat'Mortgagors; are. lawful�y
<br /> � �' s�ised of said pr:emises,. that they are: €ree from encumbrazxce; that
<br /> �:, ', + Mor�gagors have good right.and lawful authority to convew the same, ` �:-
<br /> and that 1Kortgagazs warrant and will defend ;-the titLe to said premises
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<br /> ag�inst th� Iawful clairr�s af a1.1 persons wlzo�nsoever.
<br /> this �ortgag� is given ta secure the pavment o� the r�sincipa,l
<br /> si�m of 518,500.00 and iraterest thereoai, accozding to the terms o€ a
<br /> < cert,aan Prc�missory Note' of even date, executed by ttz� `Ntortgagors to `;
<br /> tYfe �Sor�gagee, du�' the .l:Oth day of �Say, 2002.
<br /> The Mortgago�s further agree to maintain insurance upon the
<br /> :< ' ab�ov�+e descriHed pxem�ses in an amount not 3ess than the intiebtedraess
<br /> di�e the .NSartgagee with a loss-payabie clause in favar cf A'y�rt�a�crs
<br /> '� and 3lortgagee as �.heir interests may appear: The Mortgdgoss agr�e to
<br /> pay ail` taxes and assessments upon said pr�e;�sses anc3 all other taxes,
<br /> levi.es a?r.d dssessrnents' Leuied upon th�.s Niortgaae and the T-gote which
<br /> ; tY�is Mortgage is given to secu=e be�ose the same becarne delinquer�t. �
<br /> In t�e even.t the L*Sortg��ors sl-+�11 £ai3 to obtair_ ���ch ins,.;ar,ce rr. �
<br /> ; pay such taxes be�ore d�linquent, the Mortgagee may purchase suc2-�
<br /> insurance and pay such taxes ar other liens and shall have a 2iers
<br /> Y seeuxed hereby for the �nount so advaziced cai�h interest th�reon at
<br /> x i th�' rate of eleven per cent (1?€) per annum.
<br /> ;� In, the event of 8efault in the nerformance of a�y of �he terms
<br /> ;� and condi�tions of this idt>rtgage or -the Note secured hy it; the fi'[c�rtgage�
<br /> s1ia13 be entit3ed to immediate possession caf the pro�aerty �bo�Te
<br /> ; dasa�ibed and:al2 the �ents, ravenue and income derived therer"rs3r:
<br /> duxing-sucYa time as the �?ortgaQe in�ebtedness xemains unpaad shal l bE
<br /> F apnlsed by the Mortqagee to th� gavment of the I3ote and a11 other
<br /> sums -secur�d hereby aftes deduction os an}� necessar� costs of collection,.
<br /> In t�e even� the hiastgagors default in the payment of said
<br /> indebtedness or ar3y inst.a3lrnent thereof, or �ail to �erfor^i any o f
<br /> the ath�r agreemer3ts her�in, ti-=_e Mortgagee at his e3,ection may dec3are
<br /> tre entira debt s�cvred �y� this Mortg�ge to be �ue a�d col?ectible at
<br /> once; and may foreclos� -this Myarrtqage far the satis�action thereof.
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<br /> Sign�cci this-�8-t� dz;✓ o�G�Iay, 197'�.
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<br /> Jahn Ross M�31er 1
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<br /> Piarl�n Mill�r � �
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