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1 � 78- U00254 M O R T G A G E This Indenture,lKaae by ana becween _.._Da7..e..L..._S1tow..and...ShirleY....M.....Skow................._ ...._.....-. ........... .................... ..._......... ........._ ............ .. . . ................__.... whetheroneormorehereinaRerreferredtoaemortgagor �.,: . . ... . .. �d � OVERLADID NATICNAL BANK OF GRAi� ISLAI�ID, Gra.nd Island, Nebraska., hereinafter � x�ef�err� to �s ba.nk � ' The Mortgagor or an m conet erahon of(5.�,�,.�Q...�......) ..--.----- ---- -- . .. Fi.�teen,_lhousand..,and...No�100-..—.. ----- --DOLLARS.traid by the bank. ....... ...... .... _...._............_...._..... ....... . � the receipt whereof ia hernby acicnowledged, haa grunted, bargained, sold and rnnveyed, and by the preeente, dcea grant, � � � � � . � � � bergain,aell�nd convey,unto said bank,the following deecribed rnal pmperty situsted in the County of'.. �il......... .. .... . .. ........_ �� . � and State of Nebraska,to-wit Fractional Iot One (1) in Fractional Block One Hundred 7lventy (120) in Ra.ilroad Addition to Grand Island, Hall Couaty, Nebraska., and its complanent, to wit: Fractional Lot N�nber One (1) in Fractional Block Ahmi�er Ttventy (20) in Arnold and Abbott's Addition to the ZbHm of Grand Island, Ha11 County, Nebraska, as surveyed, platted and recorded; said twv fractions together making one Sull _ lot with a frontage of 66 feet on Second Street and a depth of One Hundred Thirty Ztw (132) feet to the alley in said Block. together with all the tenements, hereditaments and appurtenances to the same belongint{, and all the estate, Litle, claims and � � - demands whatsoever of the mort�a�or of,in or to said premises or any part, thereof; and said mortgaqor does hereby cov- . . � _ . enant, that the mortgagor is lawfully seized of said premises,tF�at said premises are free from incumbrance and mortgagor � � will warrant and defend the title to said premises a�ainst the clnims and demar.ds of all pereons whomsoever. � . � � �� PROVIDED ALWAYS, and these presents are upon these conditions: � . � . � �1IH1Ethe S�IIIDiIriL�O��F3�VlJlleCtl�LdE'an�2�I�l�ltl2.ty 11the1�J��witfi� interestloriYy..c�ue�1�'tire�'i8"LV,n1ty78, ��. � . . � with 48 monthly payments of $456.53 due on the 20th of each [mnth c�nencing April 20, 1978, at an interest rate of 10% and scheduled to ma.ture on Ma.rch 20, 1982, said installments to be applied first to interest and then principal. �and haa agreed to maintain fire, windstorm and extended coverage insurance on said premises in amounts required and in � � �� companies approved by the bank and with standnrd mort�;n�e dauses which policies shall be delivered to the bank, and has � . � � �� agreed to pay aA taxes and assessments levied against said premises before the snme become delinquent aad to maintain said . �- � � premises. . . . � Now, therefore, if the mortqagor shnll comply with all of the provisions of said note and the pmvisiona hemof, then : . � �� these pmsents ahal]be null and void. . � � .� � However, if the above note and interest thereon or any payments called for thereon are not paid when due or if ax�y � � . � of the covenants of thia instrument nre not complied with, the baak, or the holder hereof, at its option may declare the re- � � � � � maining balance of eaid indebtedness due and payable and may main[ain an aetion at law• or in equity to recover al]amounts ' � �� �� due and enforce the provisinns hereof. In the event of the failure of mortgagor to maintain the premises, or to maintain � � . . inaurance as is above provided for, or to pay taxes or asseasments,the holder hereo£may advance the sum or sums necessary � � . . to obtain comptiance and such amounts shall be added to the amount due on the above mentioned note and bear intereat at - . � � . the highest legal rate. � . , �� IT IS FUftTHER AGREED, this mortgage shall constituLe notice hereof, that this mortgage is secvrity for not only � ... . the amount advanced concurrently with the exeeution hereof but atl future xdvances which may be made st the option of the � . . � . � parties or their assigns up to the h,otal amount stated in this mnrtgagc, to the same extent as advances originally made here- � � . . � under. Further notice is hereby given that the tenor of each MortRttge Note including the interest rate, payment, msturity, �� . � � penalties, and other terms shall concurrently upon execution become x part of this mortgage. � . � . �� � IT IS FURTHER AGREED, that the said Mohgaqor sha]I and will pay all taxes levied upon this mortgage or Lhe debt � � . . � . aecured thereby, together with any other taxes or assessments which may be levied under the I.aws of Nebraska, sgainat the � . � said Mortgagee or the]egal holder of the said principal note(s)on account oi this indebtedness. � � IT IS FURTHER AGREED,if at ar.y time. while the mortgage is in effect and the note for which this mort�{age is � � given as security, or any part thereof, remains unpaid, the undersigned MortKagors sell, convey or contract to sell the real � � � estate herein described,or any part thereof,or the MortFugors do not have or cease to have title to said real estate or any � . . � ..- �� � part thereof,then and in any such events, the Mortgagee may,at itx option, dedare the unpaid principal balance, and interest, � . � � of the note secured hereby immediately due and payable.In the event that these premises are not now,or should hereafter,not � � � be occupied by mortgagor then this instrument sha11 constitute an assignment of renta2s and service of a copy thereof upon the � � � occnpant ahall be sufficient to require all payment for rental or use of the premises after date of such service to made to � mortgagee. � � Signed thie_.....�.�,�..............day of..............T3L31�Y......._..--.................. 19.......78.....�GL�?'-v' `��1�,._., , ^ . In preaence oP . ... ..... .... ............�� ..................._........Y.�.........--- . .. TYd.�C@ T�. .�1S0W _................._.............. ....... .... . _.. .. .................... .. .... ... .. j ...... ._........... Shirley M. Skow ��} �`� . ........_....._.................. ........... .... ..�{4U,�A. .'�1`... �.......... ST OF._..��.........................._.._.,CountY o£...._.....H211..................._..._._.: ��Belore me,a notarY Public qualified for xaid countY, Personally came De].2 L. Sk:OW 1Rd Sk]1Tley M. S19DW . . .. ��blqke e identical person oi• persnn.c w�ho ci¢ned Uhe fareRoing instrument and acknowledged the execution there- be '�fe��j��ntary act and deed. . Cqq wR!'.g,�,� ' WiL�� 3�t�s�s1 seal on... ..... g�/"�� l� ... 19..�.I.�r... � � . -'�ebr . ............... ........................ .......... . -.� Mp�commisaion expir�:a._. .l9!��..aS............... .. 19..Z.0 .......�C/C+c.�/�Cul.GT�+��'�� -_ � . Notarq Public. "'� ...._ ................ .......... .. ......... . ; � : �� �� $TATE OF ............. -��_.................................. � Entered on numeruai index and filed for record �. ' 4 � .. . . f aa_ � . ' Countq�........................ ......................................... � in the Register of Deeds Office of said County the , �:�� . :` � � .o'clock and . ....__.__. .......M., �7 ,, ��,�... ._ �...----.._....:day of......................... ............. 19.... ...... at...... ....... .. .... . . __._._.....minutes .. ..... . + ..��` � ...r,. . . ',:. � .,�. . .and rewrded.in�.Book........................................of..............................---.......at page........._ .._.._.... ....... ...._....__ ..,�.; �.'��,.. . . . .,.. .;ae:i:.... . .. . . .................................._..........._......._...._.................._........ReK. of Deede . . . . � By.........................._........-......_............ _ . .....Deputy . .. ......._._......._._..... �