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<br /> ' 178-U O 2 2�`� : MORTGAGE
<br /> r _ This Mortgage is entered into between - JAMES A: BELTZER, 2RUSTEE
<br /> , :,
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<br /> _. .:' . . (herein"Mortgagot")and
<br /> _.'�THE S OVERLAND NATIONAL $ANK OF GRAND ISLAND (hereIn"Mortgagee").
<br /> Mortgbgor is indebted to Mortgagee in the principal sum of$5 6,�►00.QO �.evidenced by Mortgagor's note
<br /> „ ��d April I9, T978 merein"Note")providing for payments of principal and interest,with the balance ot the
<br /> indebtedness,it not sooner paid,due end payable on OCtOi7eT 16, 1978
<br /> - To secure the payment of the Note,with interest as ptovided thernin,the payment ot aq other sums,with interest,
<br /> advanced by Mortgagee to protect the security o[this Mottgage,end the performance of the covenants and agreements o[
<br /> tbe bfoctgagor contalned herein, Mortgagor dces hereby mortgage and convey to Mortgagee the following descdbed
<br /> - property located in Ha1 1 County, Nebraska:
<br /> The South Two-thirds (S 2/3) of Lot Eight (8) and the East
<br /> One-third (E 1/3) of Lot Seven (7) , in Block Eighty-One (81) ,
<br /> Original Town of Grand Island, Iiall County, Nebraska
<br /> Together with all buildings,improvements,Puctures,streets,slleys,passageways, easements;riglats,privileges and
<br /> appurtenances located theceon or in anywise pectalning thereto, and the rents,issues and proTits,mversions and remainders
<br /> thereot;including,but not limited to,heating and cooling equipment and such pe�onal property that is attached to the
<br /> improvements so as to constitute a Lxture;all of which,including replacements and additions thereto,is hereby declared
<br /> to be a part ot tt►e rnal estate secured by the lien of this Mort�age and all o[the forngoing being re[erred to hetein as the
<br /> �Pe�Y"
<br /> Mortgagor turther convenants and agrees,with Mortgagee,as follows:
<br /> 1. Paymenk To pay the indebtedness and the interest thereon as provided irt this Mortgage and the Note.
<br /> � 2. Title: Mortgagor is the owner of the Propecty,has the right and authority to mortgage the Pcoperty,and
<br /> warrants that the lien cteated hereby,is a first and prior lien on the Property,except as may otherwise be set forth derein.
<br /> - O The Propetty is subject to a Mostgage wherein
<br /> is the Mortgagee,recorded at Book ,Page ot the Mortgage Records of ��+�+tY.
<br /> Nebraska,which Mortgfge is a lien prior to tt�e tien crnated hernby.
<br /> ' ❑Other prior lietss or encumbrances:
<br /> 8.Ta=es,A�essments. To pay wtsen due all taxes,special assessments and all ot6er chsrges against the Property
<br /> and,upon writtea demend by Mortgagee,to add to the payments required under the Note secured hernby;such amount as
<br /> may be sut8cient to enatrle the Mortgagee to pay such taxes,assessmen4s or other charges as they become due.
<br /> 4. It�ucance. To keep the improvements now or hernafter located on the real estate described herein insured
<br /> 'against dsmage by tire and such other hazards a5 Mortgagee may rnquire,in amounts and with companies acceptabte to the
<br /> Mortgagee,and tvifh loss payable to t6e Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br /> - =adjust., collect'`and compromise,in its diacaetion,all claims thereundec at its sole option, suthorized Lo either appty the
<br /> peoceeds'ta the=eatoration ot,the Property or upon the indebtedness secured hereby,but payments hemunder shall con-
<br /> . - tinue antil the,sums secured hernby are paid in fu1L
<br /> p .
<br /> 6. ❑F•scrow For Taxes and Inaurance.. Notwit6standing anything contsined in paragraphs 3 and 4 hereof to the
<br /> , ,;, .; contracy;:Mbrtgagor_shsll pay to the Mortgagee af the time of paying the monthly instaliments of pdncipai and interest, . � .,
<br /> :one-tweltth ot�the eaz! taxes,aseessn►enia�hazerd insuiance premiums,and ground tents (if any)which may attain a . ' ,
<br /> y y,
<br /> _ ;p�iocitiy aye=this]�Iottgege�all as�neaflpnabFy eaGmated hom:time to time.bythe Mortgagee.The amounts so paid shdl be �r. u1
<br /> ; ..,
<br /> . � sume� aid to',Mo tiereuadeed to the payment of the items�respect to whfch such amounts were
<br /> held the i1�o wifl�out interest and,e
<br /> �po�i}���e p rt�agee� r ece pledg�d as:additlonal security for the indebtedaess secured by this
<br /> ; 3�I°rtga�e�;Mo�tgagocshall payrto Mortgagee the'amount o[any de6ciency between the actual taxes,essesaments, ;����*nee �-
<br /> �; : �iremiumx and�ound ieMs'an�.thr•depoaiis hereunder ivithin l0 days afker demand is made upon Mortgagor requestiag
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<br /> .�: . � .....pEy�mCE�k tilBlpOC i,r ', -,�, : .. ':�. , , .��-� . � .. . . . ,. � ' ..
<br /> �_. �, .:, . _. ...; .',;.- �,.:. .. . ,: ., .. , � . .. .. � ..
<br /> ' �' , ., •$,,Repdr,Mdnten�uce and Use. To promQtly.cepair�restoxe or rebuild any buildings or improvements now or '"
<br /> he=eafber;on fhe�coperty ko�keep the.PtoperCY;in Sood condit'+oa attd repair,without waste,and free from mechanic's or
<br /> -.ot@eclteas rioti ezpies`slgsutiordi�Eea tti the lipn hereof;.noC to 3iiake,sutfer or permit any nuisance to exist,nor to dimin-
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<br /> - ` fsh�oi"impaii,the vatue of tiie Property-bp-any act orbmirolon'to act;and to comp�y with eli mquiremenls of law with
<br /> respr.ct to the Propeity. . : . �
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