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R 6_ 104$42 REAL PROPERTY MORTGAGE Rex J H Otto and Helen M Otto Husband and Wife herein called the Mortgagor, whether one or more, in consideration of One Dollar and other valuable consideration ($1.00 OVC ) paid by Mortgagor, the receipt of which is hereby acknowledged, and as security for future advances that may be made from time to time as consideration for this mortgage, does mortgage to Norwest Bank Nebraska, N.A.: Lots Three (3) and Four (4) in the Northwest Quarter (NW4) of Section Two lk2), in Township Nine (9) North, Range Eleven (11) West of the 6th P.M.. Except tract condemned by the State of Nebraska as recorded in Book 9, Page 311 miscellaneous records of the Register of Deeds Office, Hail County, Nebraska; and The South Half of the Southwest Quarter (S}SW4), and the Northwest Quarter of the Southwest Quarter (NWISW4) of Section Thirty -Five (35), in Township Ten (10) North, Range Eleven (11) West of the 6th P.M., in Hall County, Nebraska. And the Mortgagor does hereby covenant with the Mortgagee and with Mortgagee's heirs and assigns, that Mortgagor is lawfully seised of said premises, that Mortgagor has good right and lawful authority to convey the same, and that Mortgagor warrants and will defend the title to.said premises against the lawful claims of all persons whomsoever. This mortgage is given to secure the payment of the promissory note of this date made by Mortgagor and this mortgage is also given as security to Mortgagee for all indebtedness that may in the future be incurred by Mortgagor to Mortgagee, and such future indebtedness shall bear interest from date of accrual at the rate as provided in the note executed on that date and secured by this mortgage, and shall be payable to mortgagee at the same place designated in the note. All such future indebtedness shall be deemed a part of the indebtness secured by this mortgage, and shall be recoverable as such. Mortgagor shall pay all taxes and assessments levied upon said property and all other taxes levied on this mortgage or the note which this mortgage is given to secure before the same becomes delinquent. If Mortgagor fails to pay such taxes and assessments, Mortgagee may pay such taxes and the amount so advanced with interest at 14.00 percent per annum shall be secured by this mortgage. In case of default in the payment of the principal sum or any installment thereof, or of any interest thereon, when the same shall become due of in case of the non - payment of any taxes or assessments, Mortgagee may at the option of Mortgagee, without notice, at any time during the continuance of such default or breach, declare the whole debt secured by this mortgage to be immediately due and payable and may foreclose this mortgage. In the event of default in the performance of any of the terms and conditions of this mortgage or the note or notes secured by it, the mortgagee shall be entitled to immediate possession of the property above- described and all the rents, revenue and income derived therefrom during such time as the mortgage indebtedness remains unpaid shall be applied by the Mortgagee to the payment of the note and all other sums secured hereby after deduction of any necessary costs of collection. Dated this 1st day of August, 1986 :-7cOX J . H. -9ttt Helen M. Otto STATE OF NEBRASKA ) ) ss. COUNTY OF HALL } The foregoing instrument was acknowledged before me on this �;day of by SIM C"Ift dF ra Ne,*il, P.11,11k, a