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<br /> �'8—Ua18$6
<br /> ' MORTGAGE
<br /> �- ' - ;.;,Zh's4Moztgaga isentezedln'.o betcaeen JAY C. ST'O�DI7ARD ar�cl DO�lY J. STODI]AF2D, Husbarx3 and
<br /> ,Wife, and=CLARFSK".E,E. RT',Z�CHIE and r�rr^�v� S. RIZCH2E, Husband and 4�ife
<br /> � j• � erein"Mortgagor")and
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<br /> : 'EFiE,OCTERI.AND NATIOiNAL-B7�t�IIC OF GRADID ISL.At�IlID. Grand Islancl. Neliraska
<br /> ..`,,t, :.•. . .. o� ;, . _._ (herein"Mortgagee„)_
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<br /> �Mottgagor is indebted to.1lfortgagee!n the pdncipal sum of$ 50•UOd.D0 ,evidenced by Mortgagar's notc
<br /> �; : ',: .Maz�ch 3I; '1978 .. _. _
<br /> i dated (hrreia"Niote")providing Par payments oP principal and interest,with the balance ot the
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<br /> indebte�lness,lf not sooner peid,'due and payable on_ J�v 3I. 1978
<br /> :�To secnee t6epayment ot the;Note,with inlerest as provtded there3n,the payment of all other sums,with interesC,
<br /> advanced:by.Mortgagee.to piotect the.securfty of thls Mortgage,and the per[ormance of the covenants and a�eements of
<br /> �tiie MarEgagos.oontained heiein, Mortgagor does hereby martgage and convey to Mortgagee the [ollowing described
<br /> property located in ' Iiall County, Nebraska:
<br /> Lots Four (4). Five (5). Six (6). Seven (7), and Eight (8). in Medical
<br /> Park 7hird Subdivision ta the City of Grand =sland. Hall County, N�braska.
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<br /> a ,.:�� �s��:. -���,�. ... �._ . �. � . � � � . . �� . . � � � . ...' .
<br /> r Togekher with atl buitdings,improvements,fxtures,strnets,alleys,pessageways, easements,rights,privilegea and
<br /> ;appurtenances located thereon or in anywisc pertaining thereto,and the rents,issues and pro5ts,reversions and remsindeis
<br /> 5' thereot;including,but noE limited to,heaGng aad cooling equipment and such pexsonal property that is attached to the
<br /> : _ improvemcnts so as to consNtutr,a fi�ctaze;atl of whlch,including replacements and additions thereto,is hereby decl�ed
<br /> ; � to be a part of the real eslate aecured by the lien of this Mortgage and all at the forngoing being referred to herein as the
<br /> ..�Pe�y".
<br /> Mortgagoc�further convenants and a�ees,with Mortgagee,as follows:
<br /> ! ' 1.Paymenk To pay t6e indebtedness and the internst thereoa as provided in this Mortgege and the Note.
<br /> ,_`, � . , 2.TiUe. Mortgago;is ttte owner of the Property,has the dght and authority to mortgage the Property,and
<br /> war[anb thak the lien crnated hereby is a Hist and prior lien on the Property,except as may otherwise be set forth herein.
<br /> ' ❑T6e Property is subject to a Mortgage whernin
<br /> ` is the Mortgagee;eecoided at Book ,Page of the Mortgage Records of County;
<br /> Nebraska,which Moitgage Is a lien prior to the lien created hereby.
<br /> ❑Other prior tiens or encumbcances:
<br /> 3.Tiucea,.Aeaes�enfs. To pay when due alI taxes,special assessments and all other charges agai�t the Property
<br /> and,upon written detnand by Mortgagee,to add to the payments required under the Note secured hemby,such atnount as
<br /> may be sufticient to enable.the Mortgagee to pay such taxes,assessments or other charges es they become due.
<br /> ., , ;4. Iawnnce. To keep the improvements now or hereafter located on the real estate described hereia insured
<br /> ' . �am � b 6re snd such other hazards as Mo
<br /> -:.. ; , aQainst age y rtgagee may rnquire,in amounts and with companies acceptable to the
<br /> ` Mortglgee,snd wiph loss payable to the Mortgagee. In case of loss under such policies the Mortgagee is aut6oriud to
<br /> adjnst;'collect and compromise,.in its discrntion, all clsims thernunder at its sole option, authoriudtoeitherapply the
<br /> �' i pmceeds fo the'testoration ot the-Property or upon the indebtedness secured hereby�bLLt payments hereunder shall con-
<br /> - ` . tinue;uat�1 We aumsaecured tiereby are paid in tu1L
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<br /> � 5 Q E�crow For Taxea and Iasurance, l�otwif.hstandiag anything contained in para�aphs 3 end 4 hereo[to the
<br /> � ` :.;qoritrary,:Mortgagoc shalt ay Lo.ther3Kort nt the time of a in the.monthl nstallments of dnci
<br /> P BBBee P Y B Y l P p��d interest,
<br /> � '� _.one-twelftL of fhC�9earlY;taxes,�,aseesameats�.hazatd:insurance premiwns,and ground renEs([f any)which may attain a;
<br /> -:. � ,. prioBEy.oper.#fiis;Mortgage;`aIl as:reesonably'estfmated trom time'to Hme 6y the Mortgagee.The amounts so paid shall be
<br /> �-' ��-hel�: � the Mo ' without interest and a Ited-to:Lhe; yment"ot`the itemb in res c�tr to which such amounts were
<br /> y ; by,�, � PP Pa Pe
<br /> : � ;tkposited.17m suma pald�o McrtQagee hereunder,are'pledged a4'additional aecuriEy for the indebtedness secured by this
<br /> r ' - �Mot�gage_bfortgi�go�shalltpag to Mdrtgagee the_atnaunt.of any deIIciency between the actual taxes,assessments,insurence
<br /> t �,psetrdnms�aa�ground renb ahd the depo{�ts h'exetmder.withia 10 daye after demand is made upon Mortgagor requesting
<br /> � � ' !payrtne�nE`t�ereo[ ,
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<br /> ;' j 6'R'xpa�ril��ia�n�oce aut�Uee To prompHy,repair,restore or.mbuild any buildin�or Improvements now or
<br /> ` hereefter.�on the�-Etd„pqriy:�o keep tke Propesty ia,gaoil,'conditto�i and rnpair,without waate,aad free from mechanids or
<br />� : . :- �:olhe[lieris ndEexptasety.eubordinaEed to the lien hezeof;not to make;suffer or permit any nuisance to exist,nor to dimin-
<br /> .`` 1�lf.or.i the';'v�lue aLThe Pro Et . � _ ._ .
<br /> ,m�air pe y by any aet or'omisston to act;.and to comply with nll requirements of law with
<br />' ;tespecC'to'the"Piopezty
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