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S. 0 Farrow For Taxes and lasnrance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor shall pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one•twelfth of the yearly taxes, assessments. hazard 'insurance premiums, and ground rent,% (if any) which may attaln a
<br />priority trier this MortXW, all air masonably rstit"0`41 ffo•tr ante t" time by th. Martg:g<F. ''te amounts io tuild shlilli be a.IK
<br />held by the Mortgailee without interest and applied to the payment of the items in respect to which such amounts were ►ay
<br />deposited. The sums paid to Mortgagee hereunder are ' d
<br />pk ged ",.additional srcuritt for the indebtedness secured by this
<br />Mortke. Witgtrgorshallpay to ? lortgag ee the amount of any deficiency' between the actual taxes, assessments, insurance
<br />Wetnlurrts acrd ground rents and the depasits hereunder within IU days after demand is made upon Mortgagor requesting
<br />payrlwnt thereof. r-
<br />6. itepatt, lfuntenattee and l'ar. To promptly repair, restore or «•built) and buildings or improtements now rlr
<br />tic ta,after un tilt Wi,prerey, to keep the t^tnperty to good randlfltat and repair, without wamr•. and fmi, fr,.r0 ttoechanic', or �-
<br />ulfwFfiern e.a)r teliptl_�ty, subuttlinate'ri to t6r ilea lterrof, not to Mike. 4ufftr ar permit any nufiatr(r to rxisi, not to dlm:n
<br />14) or imptrr the hrtuc' of Qt:c• I'raili eta r)} ally act or orn,aur to e(F: ulltf t!► t- titll1gy tSltlt all h'(�tllrl ttit.'pt, of {RPi wltl:
<br />_ wipietto1,:+'Volk, 1% - -
<br />A
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<br />102030
<br />M(yftTGAGF
<br />Ws Mortgage is entered into between Melvill A. Gosda and Virginia M Gl3stia,
<br />gusband and Wife
<br />"Mortgagor")
<br />(herein and
<br />The Overland National Bank of Grand Island
<br />- (herein "MortgaZee").
<br />Mortpagor Is indebted to Mortgagee in the pdndpaj sum of $ 50-000.00 evidenced by Mortgagor's note
<br />dated . April 14, 3. -9 Nrein "Note „) providJ ng for payments, of principal' and interest, with the bal,tQCe.443te -
<br />iitdebkedtresi, ii oot sooner id, die. and -Y7�cenber. 31 18� th=
<br />p' PaYahie `x' -� ___� =__Wt aa1C;:at
<br />maturity. .,;`iertta3Ie:''
<br />ToeecurethepaymentofriteNot ,O, :withhttr<restas Provided; therein tke `-t t' ;._ ::`•,': .
<br />y1 timi;i aU other sums, rvi�3r iitt:r#'t�•, =L'
<br />:... ;
<br />advarseed by Mortgagee to pmtect t*;i secnti of this Mtntgage; end the perforntancr 3t:i covenants and aglreet}fii
<br />the Mort�a(or contained herein, 34�i?Ytor tines, hereby: met and conYey toy rn the follo ► fed
<br />!� �#[?! alt ”
<br />located in •` _
<br />s property ItA11 ::.t ' t�,ttp�y, Nebraska:
<br />Let Fiftti: Rosy and ` }
<br />15)' As'htdn Park, City: r' and Island,
<br />Hall Caunty., Nebraska.
<br />Together with all buildings, improvements. fixtures, streets, alleys. passageways„'c&finents, rights. privil4es•.and
<br />1 ;
<br />,
<br />appurtettaaeei•located thereon or in anywise pertaining thereto, and the rents issues and PW'Ita, reversions and remiAders
<br />thereof; inciuuding, but not limited to, heating anal cooling equipment and such personal property that is attached to the
<br />improremmts so as to constitute a fixture; all or wtrich, including replacements and additions theretc,..[a hereby declared
<br />to be a part f the read estate secured,by the lieri`c P this Mortgage and all of the foregoing being referred to heremamthe
<br />Mortiow tttrf4i0- conennants and agrees. ;ti,,r;h Mortgagee. as follows.•
<br />L Payment, Tic *y the indebtedness and the intent thereon as rck ?hid in this Mortgage gage and the Nate.
<br />2. Title. Mortgi ;or is the d0ier of the Property, ha, the right and authority to mortgage the Property, 00"
<br />warrtutta that the lien created hereby is a first and prior lien on the Property, except as may otherwise beset forth herein.
<br />M 'Rte Propertvt,,i , subject to a Mortgage wherein Occ:identallNebraj
<br />r,
<br />)r tibe 14doit ee, recorded at Book .__ ._ . . Page -A: hr Mortgag,
<br />Nebtaslu; w.ltteh Mortgage is a lien pro: r to the Hen created hew%
<br />; .
<br />13 Other prior -lIn ;dr encumbrances:_
<br />3. Tsxesti Aaoimtvts,. To pay when due all taxes, special assectiments and all other chargrtt,vgittnst the Property
<br />and, upon written deinn4by Modogee, to add to the payments required under the Note secured to %tvfjy, such amount as '
<br />�Y be suf0t�ent to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Iniatmee. To keep the improvements now or hereafter located on the reai estate described herein insured
<br />against danaw by fire and such -other harards is Mortgagee may require. in amounts and with companius am ptable to the
<br />900611l Pt, anti with tuna payable to the Mortgagee. in case of loss under such policies the Mortgagee is authorized to
<br />adjust, tMect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />promeda to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tinue uatll the stuns secured hereby are paid in full.
<br />- —_-
<br />S. 0 Farrow For Taxes and lasnrance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor shall pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one•twelfth of the yearly taxes, assessments. hazard 'insurance premiums, and ground rent,% (if any) which may attaln a
<br />priority trier this MortXW, all air masonably rstit"0`41 ffo•tr ante t" time by th. Martg:g<F. ''te amounts io tuild shlilli be a.IK
<br />held by the Mortgailee without interest and applied to the payment of the items in respect to which such amounts were ►ay
<br />deposited. The sums paid to Mortgagee hereunder are ' d
<br />pk ged ",.additional srcuritt for the indebtedness secured by this
<br />Mortke. Witgtrgorshallpay to ? lortgag ee the amount of any deficiency' between the actual taxes, assessments, insurance
<br />Wetnlurrts acrd ground rents and the depasits hereunder within IU days after demand is made upon Mortgagor requesting
<br />payrlwnt thereof. r-
<br />6. itepatt, lfuntenattee and l'ar. To promptly repair, restore or «•built) and buildings or improtements now rlr
<br />tic ta,after un tilt Wi,prerey, to keep the t^tnperty to good randlfltat and repair, without wamr•. and fmi, fr,.r0 ttoechanic', or �-
<br />ulfwFfiern e.a)r teliptl_�ty, subuttlinate'ri to t6r ilea lterrof, not to Mike. 4ufftr ar permit any nufiatr(r to rxisi, not to dlm:n
<br />14) or imptrr the hrtuc' of Qt:c• I'raili eta r)} ally act or orn,aur to e(F: ulltf t!► t- titll1gy tSltlt all h'(�tllrl ttit.'pt, of {RPi wltl:
<br />_ wipietto1,:+'Volk, 1% - -
<br />A
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