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suilman and Felton 8 wall, Walton, Ne. 65461
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<br />REAL PROPERTY MORTGAGE 88._ 1 in
<br />Open-end, to secure present and future obligations and advances
<br />Richard Reeder and Connie Jo Reeder
<br />Husband and Wife
<br />herein called the "Mortgagor" Mortgagor" whetheYr tine or more, in consideration of the advance of the principal sum recited in the
<br />note hereinafter described and in consideration of any future advances made by Mortgagee to Mortgagor as
<br />hereinafter provided, hereby mortgages and conveys to
<br />Bank of Wood River
<br />herein called the "Mortgagee'•, the following described real estate together with all the right, title and interest
<br />of the Mortgagor therein or hereafter acquired including all buildings and improvements now on or hereafter placed
<br />on such real estate:
<br />North Half ('`1) of Lots Seven (7) and Eight (8) in Block
<br />Nine (9), in MacColl and LeFlang's Addition to the Village
<br />of Wood River, Hall County, Nebraska
<br />`1'his mortgage is given tAi secure
<br />A. Promissory note dated . j'.ay l 19f14_. _ _ kv, en by Mort4�agor to Mortgagee in the pri net pal sum of
<br />11 5-000 -00 paya tile wit It in wrest accord in g rA, I he terins o f such note arid. any instnirrierit taken in (-onn ectiors with
<br />refinancing, extending or renewing the indebtfffness evidenced by such nuts or any part thereof,
<br />B Any future advance(s). with interest, which may he made from time tot ime by Mortgagee at its option in any
<br />amount(s), pmviderd, however, such future advances shall he so limited that the total principal amounts outstanding
<br />at any tine time shall not exceed the sum of -.. _ . _ _ dollars. to he repaid in accordance with the terms ofa
<br />promissory notets) evidenring any such a(ivancelsi Ant such itdvanctgs,i sits]l he additional to arty advancels)
<br />hereinafter authorised Go he made by Mortgagee ",r the prot"-taon of the security or Mortgagee's interest therein.
<br />Mortgagor hereby ccneneuits with Mtirtgagtti• and its successors and assigns that Morgagor is lawfully seised of
<br />such real estute and is the fee owner therecif, that. Mortgagor has g, %,d right and lawful authority to convey thesame,
<br />that Mortgagor hereby relinquishes id] nghis of homestead therein, and that Mortgagor warrants and will defend the
<br />title tosuch real estate. against the lawful clatinu, of all persons whtatisoever Addwonall_,_ Mortgagor covenants and
<br />agrees with Mortgagee as follows:
<br />I Mortgagor shall pay all taxes and ams assments to respect of ,ir ievied ulx,n such real e stute before the same
<br />become deliquent tuzd shall pay when due any lien or Judgment art such real estate.
<br />2- Mortgagor shall procure and maintain tire. windstorm and extended coo. erage insurance on all buildings or
<br />other improvements now on or hereafter pia( -ed upon such real estatA• in an :amount satisfactory to Mortgagee, such
<br />insurance t.n have a mortgage rlau%e, loss thereunder to he payable to Mortgagee, as iu interest may appear.
<br />3. Mortgagor shall wit , otnioit nor permit ant %vast*• on such real estate,. shall keep all buildings and
<br />improvements in good repair and shalt not impair =ir permit the inipeurment of Mortgagee's security in any way.
<br />4. Mortgagor hereby assigns to Mortgagee all rent.. in connection with such real estate.
<br />In the event Mortgagor fails to pity such f axs:%and assessment~ c,r fails t„ procure such ins urvnce or fails to
<br />cause the removal of any lien on such real estate, Mortgagee rnav at its option pao, such taxes and assessments or
<br />procure such insurance or pay an amount necessary t„ satisfy su.•h lien, and all wimunts advancod therefore shrill
<br />become a part of the indehtelness secured hereby, shall tae due• and iwyahie onmctliately anti shall bear interest at the
<br />maximum rate allowed by the laws of the State o[ Nebraska at the• time of such advancement
<br />in the event Mortgagor defaults tai in the payment when clue of such principal sum or any installment thereof
<br />or any intsrti" tberoon. tb) in the repayment when due of any advatxa made as pro%idwl heroin or any interest
<br />1.114 eau, err tcj wrih neapex• to any cxlvenant or condition contained to this mortgage, Mortgagee may, at its option
<br />wlthnuut nockv and at any time dun ng the aintutuance of such default, dec lit re the enti re i ndebu,dneats secured by this
<br />ntortgnge w be inunediately due acrd pi:vable with interem tit the mattnntm rite then ullo%ote d M• Nebraska law and
<br />may llnutedtxtely fo w•ltmv this mortgnite or pursue any rother avitilahle legal reineik In the, event of ;ens action h1
<br />141tx•waseu to enfortxt exil4+t-tum of ine}ad.tednem iew'urei hereby. Mill'tgagor .19"x•.1 that :IFIV eYtx•n %e incurred in
<br />,,,nnewtion thertnvtth tncludtntC ccwty and reasotaahle attornev fee% %hail hea•ome a tixrt of the indebte drwss Kox urevl lw
<br />ihw annrtttntse.
<br />In the event r•f arc. default set i,orth in the t,iregt ring par"wr•tl,h S1,•rtg ii;,•. h., ! is ,•nntie,l t„ iforn.d!ate
<br />...rw- Hoistin tit %,.err real 441 fir anti all 'the rentx rrvenur and rte „err, licit. - +1 Ltu•n -R. i,,,,r,u .ii, k, ,•t, ,. 11,,
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<br />va, tits r,iy( .irn••,an io, one ee u.t w ,r.e •' Ow'—d — .., I . rI! , ,. ..
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