|
<br />MORTGAGE
<br />
<br />~ca.-l025t.l0
<br />
<br />This Mortgage Is entered Into between Will iam G. PlUllll1E!r and Madeline M. PlUllll1E!r, husband and
<br />wife,as joint tenants wi~h right of survivorshin.and not as tenants inc~Pn"Mortgagor")and
<br />
<br />f.'i "TlOo Pn; "'+ IC3 B=-nlr
<br />
<br />Mortgagor Is Indebted to Mortgagee In the principal sum of $ 4, ':Inn nn
<br />
<br />(lIereln "Mortgagee").
<br />, evidenced by Mortgagor's note
<br />
<br />dated May 1?, 1 qRA
<br />
<br />(herein "Note") providing for p!lyments of principII and Interest, with the bllance of the
<br />
<br />Indebtedness, If not sooner paid, due and payable on "{<Iy , 1 ] 997
<br />
<br />To secure the payment of the Note, with Interest as provided therein, the payment of III other sums, with Interest,
<br />advanced by Mortl&gee to protect the security of this Mortgage, and the performance ot the covenants and qreements of
<br />the Mortlagor contained herein, MortPlor does herehy mortgale and convey to Mortgalee the following described
<br />Hall
<br />
<br />property located In County, Nebl'lllu:
<br />
<br />A tract of land canprising part of Lots Two (2) and Three (3), Lambert's
<br />Subdivision, City of Grand Island, Hall County, Nebraska, EXCEPT a tract of
<br />land more particularly described as follows: Beginning at the Southwest Corner
<br />of Lot Three (3) 1 thence running Northeasterly along the Southerly line of Lots
<br />Two (2) and Three (3), a distance of Eighty-Seven and Five Tenths (87.5) Feet to
<br />the Southeasterly Corner of Lot Two (2) 1 thence running Northerly along the East
<br />line of Lot Two (2), a distance of One Hundred Thirty Eight (138.0) Feet to the
<br />Easterly Corner of Lot Two (2); thence running Northwesterly along the Easterly
<br />line of Lot Two (2), a distance of Two Hundred Forty Three and Nine Tenths (243.9)
<br />Feet; thence running Southwesterly across Lots Two (2) and Three (3), a distance of
<br />One Hundred Fifty Four (154.0) Feet to a point on the Westerly line of Lot Three (3);
<br />thence running Southeasterly along the Westerly line of Lot Three (3), a distance
<br />of Three Hundred Sixty Five (365.0) Feet to the point of beginning,
<br />
<br />Toeether with all buildings, Improvements, fixtures, streets, alleys, pasnleways, easements, rilhls, prlvllelel 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 coolin!! equipment and such personll property that Is attached to the
<br />Improvements so u to constitute a fixture; all of which, including replacements and additions thereto, Is hereby declared
<br />to be a part of the real estate secured by the lien of this Mortgage and all or the foregoing being rererred to herein as the
<br />"Property".
<br />
<br />MortPlor further convenanls and agrees, with Mortlagee, as follows:
<br />
<br />1. Payment. To pay the indebtedness and thl' Interest thereon as provided in this Mortgage and the Note,
<br />
<br />2, Title, Mortgagor is !h" owner of the Property. has the risht and authority to mortgage the Property, and
<br />wamnts that the lien created hereby is a nrst and prior Iil'n on th" Property. except as may otherwise be set forth herein.
<br />
<br />o The Property is subject to a Mortgage wherein
<br />
<br />Is the Mortpllee, recorded at Book , Pagl' __ of thl' Morlgage Records or
<br />Nebraska, which Mortgage is a lien prior to the Ii"n created hereby.
<br />
<br />County,
<br />
<br />o Other prior liens or encumbrances:
<br />
<br />3. Taxes, "-nIL To pay when due all taxes, special assessments and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the paymenls required under the Note secured hereby, such amount as
<br />may b1l surnclent to enable the Mortgagee to pay such taxes. lI5lIessments or other charges as they become due.
<br />
<br />4. Insurance, To keep the improvements now or hereaner located on the real cstate dcscribcd herein insured
<br />against damage by tire and such other hazards IS Mortgagee may require, in amounts and with companil's acceptable to the
<br />Mortgagee, and with 10&1 payable to the Mortgagee. In case of 10&& 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 cither apply the
<br />pnx:eecb to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con.
<br />tlnue until the sums secured hereby are paid In full.
<br />
<br />5. 0 Escrow For Taus and Insurance, Notwithstanding anythinll contained Ih,~lllll3>en,<<!~"ile~f to-the
<br />contrary, Mortplor shall pay to the Mortaegee at the time of paylnll the monthly illi~~nij~qf~I\.~~~~~rest;
<br />one,twelrth of the yeariy taxes, asseuments, hazard insurance premiums, and ground Pt%(i.~~~,~h1'eh'IlI~,af~ .
<br />priority over this Mortgage, all as reasonably esllmated from time to time by the MortiatN; 'nie anIoiui1i~~chlillll hi
<br />held by the Mortpgee without Interest and applied to the pllyment of the items In respect to which such amounts were
<br />depollted. The IUIIIA paid to Mortgagee hereunder are pledled as additional security for the indebtedness secured by this
<br />MorlJllt. Mortlalouh3l1 pay to Morteagee the amount of any deficiency between the aeluallaxes, assessments, insurance
<br />pemlulIIA and ground renls and tbe depOlits hereundl'r within 10 days Arter demand Is made upon Morlgagor requl'stlng
<br />payment thereor.
<br />
<br />6. Repair, MalntenlDce and Use. To promptly rep.llr, reltore or rebuild any buildings or improvl'ments now or
<br />heroafler on thc Property; to keep the Property In good condltion and rcpalr, without waste, and frce from mechanic'. or
<br />other IIcOl not expressly subordinated to the lien hereor; not to make, surfer or permit any nuisance to "xlst, nor to dlmln.
<br />Ish or Impair the value of the Property by any act or omission to ael: and 10 comply with all roqulrements of law with
<br />rnpect to the Property.
<br />
|