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<br /> �s-�• �10219 7
<br /> 9F7OG[�ID MOR,TGAGE
<br /> This 1Hottgsge is entered into between �a E. SHTNABEP.Y AND I.AIVA J._SHI1�1F3E,�Y�
<br /> r I��}y�anci Wife (herwin"Mortgagor"')and
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<br /> �,�',, OVERi.�k_Nr� NATTQ�IF� BA1� l�' CzRAIVLJ��T—�1_N1�• G�,'�;''�..�],�].41�Nela:ra5ka (henein"Mortgagee*').
<br /> Mort�agor is indebCed to MorCgagee Jn the priocipal sum of$ 79•000.00' ,evideneed by MarCgagor's note
<br /> ��d A_pY'il 13, 19'78 (hernin"Nate")paoviding Car payments of priacipal end intere5t,wlth the balanes o[the
<br /> Indebtedhess,if'not sqoner paid,due and payable-on_ ���� �0, 1978
<br /> Toaecu►�e the payment of Ghe Note,wiCh interest as pmvided therein,the peyment o[sll other sums,wi#h intetest,
<br /> ad;vanced-by Mottgagee'to protzcC the security'of this hiorkgage,and the per[ormante of tde covenants and agreements qf
<br /> We i1�lortgagor contained hemin, Mortgagor dces hereby mortgage and eonvey to Mortgagee Ohe tollow[ng described
<br /> property located in E331.1 , _CountY, Nebraska:
<br /> A ts'act o€ larid c��prisine� the westerly Thirty Eight and Seventy Eight
<br /> Hurx�redths (38_78) feet a€ In_t 2wp (2) a1.T of lqt Three (3) ar�d the
<br /> easterly C.3ze Hur�dred Seventy Eight (176.0) Feet of Lot Fc�� (4) Hlock
<br /> � (1). Nelsen Seoorrl Sube3ivision in the City of Grand zslarx3, Hall
<br /> Caunty, Nebraslea. sai.d fixac� containino 2.�98 acres more or less.
<br /> Tagethea w�th all building&,improveKnents,Cxtures,streeks,alleys,passsgeways, easements,rights,privileges and
<br /> appuctenances located thcreon or in anywise pertaining thereto,aqd lhe rents,issues, and proCtE,teversions and remaihdeis
<br /> theceof;including,b:ut noC limited to,qea4ing and cooling r.qUipment and such peisonal propecty that is aCtsched tv Che
<br /> imprqvements so as to constitute a fixture;all of which,includitig replacements end eddiEions thereto,is hereby declbred
<br /> to be a part of the rnaI estate secured by the lien ot this Mortgage and all of the[omgoing being rnterred to herein as the
<br /> ..�Pe1�Y'�
<br /> Mortgagor further convenants and a�ees,with Mortgagee,as foilows:
<br /> 1. Paymenk To pay the indebtedness and the interest thereon es provided in this Mortgage and the Note_
<br /> _ 2 TiUe. Mortgagor is the owner of the Property,has the right and authority to mortgsge the Property,and
<br /> wazrants that the lien created hernby is a Picst and prior lien on the Property,except as may otherwise be set[orth herein.
<br /> O The Pcoperty is subject to a Mortgage wherein
<br /> is the Mortgagee,rncorded at Book ,Page of the Mortgage Records of County,
<br /> Nebtaska,which Mortgage is a lien prior to the lien cceated hereby.
<br /> �Other prior liens or encumbrances: First Federal Savinqs & Ioan
<br /> 3. Tazes,A�tnents. To pay when due all taxes,special assessments and all other charges against the Property
<br /> and,upon writtea demand by Mortgagee,to add to the payments requirnd under the Note secured hernby,such amount as
<br /> may be su[Gcient to enable t6e Mortgagee to pay such taxes,assessments or other charges as they become due.
<br /> 4. Insvrance. To keep the Improvements now or hereatter located on the reai estate described hereia insuted
<br /> against damage by 6rn and such other hazards as Mortgagee may requiie,tn amounts and with companies acceptaWe to the
<br /> -�' Mortgagee;and with Ioas payable to the Mortgagee. In case of toss under such poticies the Mortgagee is authorized to
<br /> adjust, collect and compiomise,in its discretion,all ctaims thernunder at its sole option, authorized to either apply the
<br /> proceeds to t6e resEoratloa of khe Property or upon the indebtedness secumd hereby,but paymenfs hernundez shall con-
<br /> Unue until t6e sums secuced hereby are paid in[u1L
<br /> 5. O Escrow Foc Taxes and Insuranee. Notwifhstand[ng anything contained in paregraphs 3 and 4 hereof to the
<br /> -.;; contca=y;Mortpgor shalLpay to the Moztgagee at the time of paying the monthly installments of principal and interest,
<br /> one-twelfth-ot the.yearly:taxes,assessments,hazard insurence premiutns,and ground rents(iF any)which may attain a ` �
<br /> priotity ovet;this Mortgagg�all as reasonably estimated hom time to time by the Mortgagee.The amounts so paid shell be _
<br /> held by the Mortgagee withwt[nte;est and;applied to the payment o[the items in respect to which such amounfs were ' p .,,
<br /> depa�ted.l9ie auma paid:to Mortgagee hernnnder aze pledged sa additional secuHty[or the indebtedness secured by this 4•
<br /> � Mort�age:�ortgagotshallpay.to Mortgagee the amount o[any'detictency between the actual tsxes,assessments, insurance �
<br /> .,�;, premtums and-eround mnb and.the;deposits:hereunder within 10 days after demand is made npon Mortgagor requesting �..�'
<br /> payment t6ereoL= ,
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<br /> 6_Repfiir Mainteuance aad Use., To prompUy zepeir,xestorn or rebuild any buildings or improvements now or
<br /> � herenfter on the Propeity;to keep thr Property in good condition and mpair,without waste,and fine fznm mechanic's or
<br /> ' ' ` �' otlierlleaa noti eicpte8sly,biibordiiiafRd to tlie lien hernof;noY to make,suffer or permit any nuisance to exist,nor to dimin-
<br /> ish or3mpair ttie�vatue ot the Pto'perty by any act.otbmisaion to act;and to comply with all requirements of taw with
<br /> respect to the.Ptoperty.
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