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<br /> 78- �1.0 2 2 5$
<br /> ' MORTGAGE
<br /> '^al.^,_!�z•..b�_::,es�.-aL.a::.�:as�;r. •?AV C, S'I�L??�P?nJ ar�i L��S:?'� ,7_ ST^L`I�IaP.D. At:sbat'id arF3
<br /> � S. RIZCFiIE� Hu3baTld aTld .
<br /> ' Wifer ai]Cl CLARF�iCE E RIRC��E 3nd DELF�• ��n•`Mortgagor")and
<br /> � ;' t�IE OVE�2I.AND NATICNAL BANK..OF GFi�L�ID ISL�d�ID, Grand Island, Nebraska
<br /> (herein"Mortgagee").
<br /> E3ortgagor is indebted to Moitgagee in the principal sum o[$ 135,000.00 ,e�denced by Mortgagor's note
<br /> _ ��a' Apr'il 13� 1978 �herein"Note")providing[or payments o[principal and interest,with the balance of the '
<br /> ' Indgbtedness,it not sc,oner paid,due and payable on_ August 11, 1978
<br /> , To secuce the payment of the Note,with interest as provided therein,the payment of all other sutns,with interest,
<br /> advanced by Mortgagee to protect the security ot this Mortgage,and the performance of the covenants and agreements ot
<br /> the Mottgagor contained herein, Mortgagor dces hereby mortgage and convey to Mortgagee the following described
<br /> proPehY located in �11- County, Nebraska:
<br /> Lots Fbur (4). Five (5). Six (6) . Seven (7), arid Eight (8), in Medical
<br /> Park �ird Subdivision tA the City of Grand Islar�d, Hall County,
<br /> - � � Aichractr� � .
<br /> Together with all buildings,improvements,fixtutes,streets,alleys,pessageways, easements,rights,privileges aad
<br /> appartenances located thereon or in anywise pertaining thernto,and the rnnts,issues and profits,reveisions and remainders
<br /> theieof;induding,but not limited to,heaHng and cooling equipment and such personal property that ss attached to the
<br /> improvemenfs so as to consHtute a Cixture;all oC which,including reptacements and additions thereto,is hereby declated '
<br /> to be a part of the rnal estate secured by the lien of this Mortgage and all o[the foregoing being referred to 6erein as the
<br /> ..�o�m,..
<br /> Mortgagor turther convenants and agrees,with Mortgagee,as follows.
<br /> 1_ Payment. To pay the Indebtedness and the internst thernon as provided in this Mortgage and the Note.
<br /> 2. Title. Mortgagor is tbe owner of the Property,has t6e right and authority to mortgage the Property,and
<br /> warrants that tke lien crnated hereby is a fiist and prior lien on the Ptoperty,except as may otherwise be set Porth herein.
<br /> ','' ' - O The Property is subject to a Modgage wherein ,
<br /> 3s the Mortgagee,:ecorded at Book ,Page of the Mortgage Records of County,
<br /> Nebraska,w6ich Mortgage is a lien pdor to the liea created hereby.
<br /> ❑ Other prior liens or encumbrancer.
<br /> , r.... �'�..: �. . . � . � .
<br /> 3. Taxes,Aaseesments. To pay when due all taxes,speciai assessments and atl other charges against the Property
<br /> and;upon written demand by Mortgagee,to add to the payments required under the Note secured hereby,such amount as
<br /> may-be sutScient to enable the Mortgagee to pay such taxes,assessmenfs or other charges as they become due.
<br /> .
<br /> 4 Iuauance. To keep the improvements now or hernafter located on the real estate described herein insured
<br /> .` against damage by Sre and such other hazards as Mortgagee may requite,in amounts and wiSd companies acceptabte to the
<br /> Mortgagee; end with loss payable to the Mortgagee. In case o[loss under such policies the Mortgagee Is authorized to
<br /> adjust;collect and compromfse,in iFs discretion,eil claims thereunder at its sole option, authorizedtoeitherapplythe
<br /> proceeds to'the restoiation o[the Property or upon the indebtedness secured hernby,but paymentr herEunder shall con-
<br /> tlnne undl the sums secured hereby ue paid in fult.
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<br /> S. O Facrow For Ta=es and In�rance. Notwithstanding anyfhing contained in paragraphs 3 and 4 heeeof to the
<br /> , , , ;:contrary,Motfgagor shall.pay Lo the Mortgagee,sE the time of paying the monWly installments of principal and interest,
<br /> ,' one-twelfth of the.yearly taxes,nssesements;;hazaad insurance premiums,and ground rents(If any)which may attain a
<br /> _prloriEy over thls 1Viortgage,,all as�easonably esNmated hom time to titne.by the Mortgagee.The amounts so pald shail be �
<br /> t, . • • ',;,
<br /> held;by_the Mortgagee�withouY interest and'applied to the paymenC o[the items in tespect to which such amounts were ,�:;
<br /> depoaited�The.stims'paid:to Nloctgagee hezeunder ere pledged ss addittonal security for the indebtedness secured by this ,
<br /> � d ,; Mortgage Moctgqgor ahall pey to Mortgagee the amount of any.deficiencp between the actual taxes,assessments, insurance
<br /> piemiums��tan�d giound renfs and the;depi�its herennder:within 10 days after demand is made upon Mortgagor rnquesting
<br /> 1: �S��nt inei20��.- .. .. . . . . -r.'..-
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<br /> ��"F "8 � MainEeoance and-:Uae 'To rom tl re air,zestote or rebuild an buildin or im rovementa now or
<br /> ' .. �P�. , P P Y P _ _ Y SS P
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<br /> -.- - . '-tie�afle'e on'f6e�ropetfp'-Eo"keep flie Propetty In'good condition and repait,without waste,end free Prom mechanids or
<br /> =' __"oEherlien3 noE eiiymasly sutiordin`atgd to the lien heteot;not"to malce;auffer or permlt any nulsance to e�cist,nor to dimin-
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<br /> ish or.impa�r the.valne of,the Property*try any act or omiaion to act;aad to comply with atI requirements of Iaw with
<br /> . respect ti3 the Yroperty .
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