|
��''
<br /> r �
<br /> 78'UQ19�4 _ .
<br /> MORTGAGE
<br /> 3'hIs Mortgage is entered.lnto between � 1K_ bI[AKISTO�N, JR. Al�II� JL7DY E. fiUNffSl'GN,
<br /> r' �� � Ht1Sb3nd 8T$ T�.fE - � � � � � (herein"Adortgagor")$nd ��
<br /> + : : '. _
<br /> � ` , TFIE WERI,�,IJD I�1TZO1�,L Bd�NR C�' GRAAID =S7�7D, (=Yand =slalxl, Ix:braska ,
<br /> ' ' (hernin'Mortgagee").
<br /> _ Mortgagor[s indebted to,Martgagee in the principsl sum ot$ 35�000.00 ,evideaced by Mqrtgagor's note
<br /> ��a Ap�Tl 5� 1978 �ernin�•Note")pcoriding for payments oP principal and interest,with the balartce of the
<br /> indebtedness;it not saoner psid,due and payable on �� ,
<br /> Zb seeure the payment of the Note,wfth interest as provided therein,the psyment o[el!other sums,with interest,
<br /> advanced by Mortgegee to protect the security oE 4his Mortgage,an8 the pertormance ot the covenants and egreements o[
<br /> fhe Mortgagor contained herein, Mortgegor does hereby mortgage and convey Ca Mortgagee the following described
<br /> ProPertY Zocated in H�1 County, Nebrsska:
<br /> I�t ZtNo {2) in Warren Subdivision to the City af Grand Islani3, Hall
<br /> Gountl'. NQbxaska
<br /> ; Togetlaer with all buildings,improvecnents,Cuctures,strnets,alleys,passsgeways, easements,rights, privileges and
<br /> BPP���1��d thereon or in anywise pettaining thereto,and the rents,isswes and proflts,revenions and rema9nde�
<br /> t6ereot;Induding,but nob limited to,heaGng and cooling equipment and such personal property that ia attached ta the
<br /> lmprovemenfs so as to constitute a fixturn;all of which,inciuding replacements anil additions thereto,Is hereby deelared
<br /> • to be a part o[We real estate secured by the lien ot this Mortgage and ali of the foregoing being teferred to herein as tFae
<br /> ��Perty"
<br /> Moitgagor further convenanis and agiees,with Mortgagee,as follows:
<br /> 1. Paymenk To pay the indebtedness and the interest thernon as provided in this Mortgage and the Note.
<br /> 2. Tiqe. Mortgagor is the owner of the Property,has the right and authority to mortgage the Property,and
<br /> . warratlts that the lien created hereby is a ftst and prior lien on the Property,except as may otherwise be set[orth hernin.
<br /> ❑'Ihe Property is subject to a Mortgage wherein
<br /> 1 is the Mortgagee,rncorded at Book ,Page of the Mortgage Records of Countyy
<br /> " Nebcaska,wLich Mortgage ls a lien ptior to t6e lien created hereby.
<br /> $1 Other pr[or liens or encumbrances: H�� F'��a1 Savin4s and I01n AssoCiatiOn o£
<br /> Grarrl Island
<br /> 8.Taxes,Aseeasments. To pay when due all taxes,special assessments and all other charges against the Property
<br /> and;upon w:itten demand by Mortgagee,to add to t6e payments required under the Note securnd heteby,such"amount as
<br /> may be su[Ctcient to enable the Mortgagee to pay such taxes,assessments or other charges as they become due_
<br /> 4. Insurance. To:keep the improvements now or hereafter located on the real estate described hernin insvred
<br /> :' " egatnat:datnage by'Sre aad such other hazerds es Mortgagee may require,in amounts and with companies acceptable to the
<br /> Mortgagee,snd wlth loss payable to the Mortgagee:In case of toss under such policies the Mortgagee is authorized to
<br /> adjust;coUect'_and comproroise,in its discretion,all claims thereunder at its sole option, authodzed to eitherapply the
<br /> ` proceeds to the restoratlon ot the Property or upon the indebtedness securnd hernby,but paymenis hernuuder shall con-
<br /> '' 'tirine iintil Che sums secured hereby are patd in fu1L
<br /> �'��S. C]Eec�ow For�Taxes'and Insurance: Notwit6standing anything rnntained in paragraphs S and 4 Lereot to the �
<br /> i-contrarS>MortgaQor s1�ell pay to t6e Mortgagee at the time ot paying the monthly instaliments oC principal and interest,
<br /> , ; one�Lq'elfth.oG_thq yearly._iaxes,aseeasments,hazard insucance premiutns,and ground rents (if any).which may attsin.a �
<br /> . _ . , _,
<br /> ,prtodtyover,this-Mortgage;:a11 as reasonably estimated hom time to time by the Mortgagee.The amounts so paid shali be , . p,..
<br /> -_.hkld;by,Lhe;Mortgsgee without intetest-and applied to t6e.payment o[the items In Rspect to which such aaiounts wern -
<br /> _. . deposited.�The�aums',paid to Mortgagee l�ereunder°are pledged as additionat secudty tor the indebtedness secured by tHis `�
<br /> - � , _ I
<br /> �ortgagp.blortgagorshallpsy,to Mortgagee t6e atnount of any deflciency between the actuel taxes;sssessttnents,tnsurance
<br /> n ,' :`.
<br /> � I - 'P��um�aad `end the deposifs hereunder within 10 days aftet demand is made upon Mortgagor requesting
<br /> giound rents.
<br /> 'paymen�f3ieteof , ; - . �
<br /> u : ,:- , •, �
<br /> 6 Hepatr'Maintenance anil Use To prompUy repalr,restore or iebu�d any buildings or improvements now or
<br /> , lrereatter od the � . . .
<br /> $ioper4y;'Eo keep:the,Propeity la good;condition and repair,without waste,and free from rteechanic's or �
<br /> :.atherHeaa notexpiesalysabordioated to the Ilen dereot;not to make;sufter or permit sny nuisance to exidt,nor to dimin-
<br /> bh ot.lmpait the;Yalne'af the Property bq gpy get or oinission to act;and to comply with aU rnquirements of law with
<br /> 'resRecf to�he Property.;• '
<br /> �
<br />
|