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MORTGAGE 89-- 102786
<br />This Mottgagr Is entered into between - Rodney W. IA_N t
<br />1 (herein "Mortgagor ") and
<br />t NATTONAL BANK OF CM.SCE Trust b SAVINGS ASSOCIATION In "Margagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of i 6515.00 . evidenced by Mongagoes note
<br />dattd April ?n.. r 9aa (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on March 20► 1996
<br />To secure the payment of the Note. with intemt as provi :led therein, the payment of all other sums, with interest,
<br />advaneed by Mortgagee to protect ft FemAty of this tic.tgsge. and the pertwurance of the co Tnants and agreements of
<br />the Mortgagor contained herein„ K* p•Qr does hereby mortgage and convey to Mortgagee the following described
<br />property located in County, Nebraska:
<br />Lot Three (3). 13lock Temt+.ty Five (25)
<br />A Fifty I*oo foot by On6.Hundred Thirty TwD foot (521 X 1321) lot,
<br />in the Wiese L.aOdition to Grand (island.
<br />Together with all buildings. improvements, fixtures, streets, alleys, pas><ageways,' essements, rights, privileges and
<br />appurtenances located thereon or In anywise pertaining thereto, and the rents, issues and profits, reversions and remainders
<br />thereof; including, but not- limited to, heating and cooling equipment iQd satch personal property that is attached to the
<br />- Un ovements SON to constitute a I xtuR; all 01' which.
<br />pr eg piti+etiteAtsand additlbria thereto, i:- hereby - declared -- to be a pats of ine teal estate secured by lae lien of tisis ..id ail of !h• foirgoing h- ;rg -.erred to herein as the '
<br />"property",
<br />Mortgagor further convenants and agrees, with Mortgagee, as follows:
<br />1. payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note. —
<br />2. Title. Mortgagor is the aimer of the Property, has the right and authority to mortgage the Property, and
<br />warrants that the lien created he►vby 4 a first and prior lien e" the Property; except as =y etherMse be set forth herein.
<br />O The Property is subject too Mortgage wherein
<br />is the Mortgagee, recorded at Book , Page or .the Mortgage Records of County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />O Other prior liens or encumbrances:
<br />S. Taxes, Assessments. To pay when due ail tax", specW ssc umeals and all oibet charges .gains; thr ?toperty
<br />and, upon written demand by MorWW, to add to the payment& required under the Note secured hereby, such amount as
<br />maybe suff[ckrot to enable the Mortgagee to pay such taxes, assessments or other charges a- they become due.
<br />4. lamrance. To keep the improvemeati: now or hereafter located cr the rc.I estate described herein Insuie'd
<br />against damage by flreand such other hazards a Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and with loss payable to the Mongagee. In case of loss under such policies the Mortgagee Is authorized to
<br />adjust, collect and compromise, in Its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />proceeds to the restoration of the Pmoperty or upon the Indebtedness secured hereby, but payments hereunder shall con -
<br />tinue; until the sums secured hereby are paid in full.
<br />S. O Escrow For Taxes and Insurance. Notwithstanding ariything!cba hs 3 and 4 hereof to the
<br />cantrary, h:zrtgn;x a!:Jl rzy tc the He tgpgee at the time of payin the'mbmhly insbi en of principal and interest.
<br />or t.twel th of the yearly taxes, assessments, hazard insurance pia &air,; j to any) which may attain a
<br />priority over this Mortgage, all ac reasontbly estimated from time to time by the . ' amounts so paid shall be
<br />held by the Mortgagee without interest and applied to the payment of the items In respect to which such amounts were
<br />deposited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />rove If
<br />L Mort". Mortgagorshall pry to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />premiums and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />tll
<br />payment thereof.
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<br />i. Repair. Maintenance and Use. To promptly repair. store or rebuild any buildings or Improvements now or
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<br />hereafter on the Property; to keep the Property in good condition and repair, without waste, and free from mechanic's or
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<br />other liens not expressly subordinated to the lien hereof; not to make. suffer or permit any nuisance to exist. nor to dimin•
<br />iai or ifiipriif the valve of the Property by any art or ornisimn to act, and to compl) with all requirements of taw with
<br />respect to the Property.
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