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<br /> - 78--pp269�J
<br /> MORTGAGE
<br /> ThisMortgageisenteredintobetween CARROLL D. GEIER AND ROSALIE L. GEIER, Husbdnd
<br /> and Wi fe
<br /> r' (hern3n"MortgagoY')and
<br /> THE OVERLAND NATIONAL BANK OF GRAND ISLAND, �rand Island, Nebraska rnerein"Mortghgee"�.
<br /> ' " Mortgagor is indebted to Mortgagee In the principal sum of$ 30,
<br /> 000.00 �evidenced by Mortgagor's note
<br /> , . :; _
<br /> ' ��d Ma.Y 4, 1978 (herein"Note")providing for payments of principal and interest,with the balance of the
<br /> fndebtedness,i[not sooner patd,due and payable on_ �U l Y 3, 1978 _
<br /> . To secure the payment ot the Note,with interest as provided therefn,the payment of all other sums,with interest,
<br /> advanced by Mortgagee to pmtect the security ot this Mortgage,and the per[ormance ot the covenants and agreements of
<br /> t6e Mortgagor contained heretn, Mortgagor dces hereby mortgage and convey to Mortgagee the following described
<br /> property located in Hdl 1 �unty, Nebraska:
<br /> Lot Two (2) in Block Twenty Five (25) of Wiese's Addition to the
<br /> City of Grand Island, Hall County, Nebraska
<br /> Together with all buildings,improvemenks,£ixtures,stree4s,alleys,passageways, easements,rights,privileges and
<br /> _ appurtenances located thereon or in anywise pertaining thereto,and the rents,issues and proPts,reveisions and rnmaindecs
<br /> ihereot;including„but not limited to,heating and cooling equipment and such petsonal property that is attached to the
<br /> itnprovements so as to coasLiOute.a tixture;atl of which,including rnptacements and additions thereto,is hereby dedared
<br /> to be a part of the rnel estate secured by the lien of this Mortgage and ell of the foregoing being re[erred to herein as the �
<br /> ..proPertY"
<br /> Mortp,agor turther convenants and agrees,wit6 Mortgagee,as Collows:
<br /> 1. PaymenL To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br /> 2. Title. Mortgagor is'the owner oP the Property,has the right and authority to mortgage the Property,and
<br /> waaants Wat the lien created hernby is a Rest and prior lien on the Property,except as may otherwise be set torth herein.
<br /> O The Pcoperty is subject to a Mortgage wherein
<br /> ia the Mortgagee;recorded at Book ,Page of the Mortgage Records ot County,
<br /> Nebraska,which Mortgage is a lien prior to the lien created hereby. �
<br /> �Other prior liens or encumbrancesc
<br /> 3. Tazes,Aasessments, To pay when due all taxes,speeial assessments and alt other charges against the Pcoperty
<br /> and,upon written demand by Mortgagee,to add to the payments rnquired under the Note secured heteby,such amount as
<br /> mey be sufHcient to enable the Mortgagee to pay such taxes,assessments or other charges as they become due.
<br /> 4. Inauance. To keep the improvements now or hernafter located on Lhe rea! estate described herein insurnd
<br /> againsE demage by,6re and such other hazards as Mortgagee may require,in amounts and with companies acceptable to the
<br /> Mortgagee,and with loss payabie to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br /> adjuet,collect and campromise,in its discretion,all claiau thereunder at its sole option, authorizedtoeitherapply the
<br /> ;pmceeda`to the testoratlon ot the P�opertq or upon the indebtedness secured hereby,but paymeats hereunder shall con-
<br /> ' tinue until the snms secured hexeby are paid in full.
<br /> b:,O Escrow For Taxes and Insurance. Notwithstanding anything contained ia paragxaphs 3 and 4 hereof to the
<br /> contrsry,:Mortgagor shatl pay.to We Mortgagee at the time o[paying the monthly installments of principal and interest,
<br /> one-twelft6 of,the yearly;taxes,essessments,-hazard insurance premiums,and ground rnnts(if any)whic6 may attain a
<br /> r priodLy over t6is Mortgage,all as�+easonably esGmated.[rom time to time by the Mortgagee:The amounts so paid shall be
<br /> st „ : ..held by t6e Mortgagee�wlthont:interest aad applied to the p�yment ot the items in rnspect to which such amounta were
<br /> i depoeited.;'�'heautas paid tc,Mortgagee fiei�eunder are pledged as sddiUonal secudty for the indebtedness secured by this �
<br /> �# �lork�e,�MOrtBaSo=shall P8Y-to Mort8a8ee the amount of any deficiency between the ectual tases,assessments, insurassce
<br /> �relmlums 8nd ground eenfa"and the'depos�t�beieunder.withia lO.:days after demand is made upon Mortgagor requeating
<br /> ::V pdymeat�eteoL ; '• :
<br /> ' ' 6-'Repair Msfntetuan�'e and Uae To promptly,repair,restore or rebulld any buildings or improvements now or
<br /> ' �" "�Mereafter�on}he Yrdparty,'to keiep£tie"ProperCyln'good condition and repsir,wlthout waste,and free Prom mechanic's or
<br /> �`^� dtherU�ns net'ezpfepsly aubordina#ld�to the Iien�fiereot;nbt fo make;sufter or permit tny nuisance to exist.nor to dimin-
<br /> � • '� isf�'•o�impafr the value of the`Property:bp,uiy'ackor.bmission to act;and to comply with all mquirements of law with
<br /> � iespect to the Property :' .
<br /> (t ess.�x . .. . . -.�1�r . . . _, .
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