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<br /> SEOpAID MORTGAGE
<br /> ' ' 15(s,MortBage,is entered into between NF�X M. SLVYDER and ROSEErPA J. SNYDER, Husb�txl ancl
<br /> r WY£C; (hetein"Mortgagor")and
<br /> t �� � 'If�`�APID 1+�TTOL�iAL BANK QF GRAN1.7 ISdAi�ID, Granti Is].and, Nebsaska' �erein"Mortgagee").
<br /> ;� (-:Mortgagor ie indebted to Mortgagee in the princtpal sum of$ '�5,000_0� ,evidenced by Mortgagor's note
<br /> ' �=,'dated Set�t�nber 30;197 erein••Note"
<br /> (h )providing tor payments of principal and interest,�vith tiae balance of the
<br /> . . _ Octc�ber l, 1986
<br /> . indebtedneas;ii not sooner paid,due and payable on
<br /> To secure the payment of the Note,with interest as provlded therela,the payment ot all other sums,with faterest;
<br /> advanced by Mortgagee to protect the security ot this Mortgage,and the performance of the covensnts and agreements of .
<br /> a
<br /> the Mortgagor cotitained herein, Mortgagor does hereby mortgage and convey to Mortgagee the tollowing described
<br /> Property located in Hall County, Nebraska:
<br /> Lot Six (fi)'arsc3 the South Half (S�) of Lot Four (4) in Block Eighteen (18)
<br /> in College Addition to West Iawn, in the Caty of Grand Island. Hall Colmty.
<br /> Nebraska.
<br /> 73ve second mortgage dated Septanber 30, 1976, to the Overland Natios�al-Bank of
<br /> Grand Island for $65,000.00 and filed in Hall County under doc�snent #76-00564B
<br /> � on Oct.nb�x 4, 1976, was released by the Overland National Bank of C�aryd Island
<br /> t,o a].low Ma�c M. and Roberta J. Snyder to obtain additional financirig frcm the
<br /> �,;table Building and I�oan Association, who carry the first mor�age. This is
<br /> ' the_oonsideration.
<br /> 3 . '. .. . . . . . . . � � . . ..
<br /> ., Together wIW all buildings,improvements,Cuctures,streets,alleys,passageways, easements,rights,privileges and
<br /> appurtenaaces located themon or in anywise pertaining thernto,and the rents,issues and profits,revecsions and remaindets
<br /> i ' thereof;including,but not limited to,heating and cooling equipment and such personal property that is atfsched to the
<br /> improvemeata so as to constitute a Gxture;sll ot which, including replacemeats and additions themto;is l�ereby declared
<br /> , .to be a part.ot t6e real esZate secured by the lien of thLs Mortgage and all pf the tocegoiag being re[erred to here;n as the
<br /> ..ProPgrtp"
<br /> Mortgagor further convenants and agrees,with Mortgagee,as follows:
<br /> 1:Paymenk To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br /> _..
<br /> 2 Titie. Mortgagor is the owner of the Ptoperty,has the right and authority to mortgage the Property,and
<br /> warranta tLat the tien created he=eby is a 6ist and prior lien on the Property,except as may otherwise be set forth hereia.
<br /> �Tl�e Yroperty is subject to a Mortgage wherein �e F.c7ttitable BUil ' arld LDan ASSOCiatio3l
<br /> Is 1he Moctgagee,rncorded at Boot ,Page of the Mortgage Records o[ �11 County,
<br /> Nebiaskw,whic6 Mortgage is a lien prior to the lien created hernby_
<br /> O Other prior l[ens or encumbrances:
<br /> 3. Taxes,Assessmenta. To pay when due all taxes,special asseuments and all other charges against the Property
<br /> end,upon written demand by Mortgagee,to add to the paymenfs requirnd under the Note secured hereby,such amount as
<br /> may-be safTclent to enable the Mortgagee to pay such taxes,assessments or other charges as they become due.
<br /> '. "'" 4. Inwuance. To keep the impzovemenfs now or hereaftet located on the real estate described herein insured
<br /> egainst datnege by 6re and auch ott�er hazards as Mortgagee tnay require,in amounts and with companies acceptable io the
<br /> _ Moct$agee,and'with.loss payable to We Mortgagee. In case of loss under such poiicies the Mortgagee is authoriud to
<br /> ' abJuat;'eollect and:coatpmmise,in its disctetion,atl claitns thereunder at its sole option, authorized to eithpr apply the
<br /> ' �proceeda to the restoratlon of the Pro
<br /> perty or upon the indebtedness secured hereby,but payments hernander shali con-
<br /> ,' .tinue untit tde sama securnd hereby are patd In fu1L
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<br /> S. O Eaerow For Tarzes�d Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br /> iwnEesry'Mortgegoc,s6ail pay to t11e Mortgagee at the time ot paying the monthly installments of principal and interest,
<br /> �onaCwelfth•oL Ehe::yearlq,texes,aaseasmenb;_hazacd insurance:premiums,and ground rnnts (if any)which may attain a
<br /> pr�odty_over t1iW;MO�ctgege,sll_a9 reaaonably,estimated trom.time to time by the Mortgagee.The amounts so paid s6e11 be
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<br /> ,lield by;the Mortgagee w[thout'iqferest�and dpplIed to the payment oi the items in rnspect to which such amounts were
<br /> FSF deposde�'The`simis paid�to tYioeCgag¢e hereunder are pledged as:addiEional security tor the indebtedness secured by this
<br /> � I4lortgage:Mortgagorshall�iay Lo;Mortgsgee,the�amonrtt of any defidency between the actual taxes,essessments;insurance I
<br /> �� .;lm�4�a;�Ound�ent's and khe deposits hereunder within l0 days atter demand is made upon Mortgagor requesting •i
<br /> � . .:pqXme` ntjtheteo& �`, � ,,
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<br /> � 6°Repii�.Mainteoance and Uae. Td..rom fa re -
<br /> � P p y pair,restore or rnbuild any bu�dings or improvements now or
<br /> �hetesfteroa the�ProperEy;tq keep ttie Propecty.in"good conditioa and repair,without waste,and tree from mechanic's or
<br /> , ,._'_bEherLena'not ei�iiebaly�suHdidinated'to the Uert'hereof;not to make,suffer or permit any nuisance to exiat,nor to dimin-
<br /> .iah�or-Impair tde.vplue�of the,Property by'sny;act o=omiasion,Eo act;and to comply with all requirements of law with
<br /> . "` ''reepect to.tt�rPro
<br /> • " Pe�^- . . � . ._ :
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