|
I
<br />1W
<br />E
<br />•
<br />a
<br />MORTGAGE 87- 103796
<br />This M~ is anhoW into between .7-M&a A- gait anA Marguarit-a N- Bay,
<br />(herein "Morillallor") and'
<br />Five Pginto Bank, grgod ice, Nebraska
<br />Mor4p#orkhWWA*dtoMor4Mmin.tbo pampa sum ot$-!L,500--OO
<br />6-22-87 (b"o "Noin") providing for payments of principal and interest, with belance of the
<br />dalod I
<br />haditbledletle, If WA son m paid, due aid payable an 6-22-90
<br />Tom— the polme m_W,4lwNobN wfth hftgnt a PmvkW thIff"in, the Payment Of all 011M sum, with brin"Ist,
<br />NhWADd by 10= of0m Mortilble, and the pertommince of the eavanuta and agreormula of
<br />does hereby mortgage and convey to Mortgages We following gibed
<br />60 Me" IX
<br />proporty located in County, Nebraska:
<br />ALL OF THE EASTERLY SEVENTEEN (17) FEET OF LOT NINETEEN (19)
<br />AND ALL OF LOT TWENTY (20) IN BLOCK FIVE (5) IN ASHTON PLACE,
<br />AN ADDITION TO THE CITY OF GRAND ISLAND, NEBRASKA, AS
<br />SURVEYED, PLATTED AND RECORDED.
<br />Together with all buildings, improvements. fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appartimenow located theircon or in anywise pertaining thereto, and the rents issues and profits, reversions and remninders,
<br />thereof; including, but not limited to, beating and cooling equipment and such personal property that is attached to the
<br />heipmMensin so an 10 conatitime a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the rid estate second by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />ugh
<br />Morlip"r farther cooveriants and agrees, with Mortgagee. as follows:
<br />1. ftymmL To pay the lodebtaidness and the Interest thereon as provided in this Mortgage and the Note.
<br />2. TMAn. noftipigar'js the owner of the Property, has the right and authority to mortgage, the Property, and
<br />warmah that *a Man created hereby is a first and prior lien on the Property, except as may otherwise be wt forth boroln.
<br />0 Tho Property is subject Loa M004W wherein
<br />is tha Mortgagor, recorded at book — . Page — of the Mortgage Records of County,
<br />V46milm. wbkb Morliplie is alien " to the lien created hereby.
<br />0 011m prim liens or encumbrances: —
<br />L Times, Ameemeents. To pay when due all taxes. special assessments and all other charge* against the property
<br />swil, vpos wd#m despond by Mottipellec, to add to the payments required under the Note secured hereby, such amount as
<br />may It@ mMejW to enable the Mortgagor to pay such tam. assemeerats or other charges as they boconee due.
<br />4. Immemea. To Mop the improvemont& now or hereafter located on the mW estate described herein insured
<br />voind damalit by fire and such other hazards as Mortgagee may require, in amounts and with companiesocceptable to the
<br />Jdarigagpe, and with love payaW to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />84§00 00w, and compeondso, to its diwvotlon, an claim thereunder at its Sole, option, authorized to either apply the
<br />pi ' to *0 malamlicei at am Property or upon the indebtedness secured hereby, but payments hereunder diall can-
<br />Moo wa dia am aomwd baorby mr,paid in full.
<br />L 01 Farlims and Notwi anything contained in pmeipaphs 3 and 4 botiref to the
<br />mgimq, MWIMW *A M to the Naftipelm at thg time of paying the monthly IrAldiments of principal and Internet,
<br />000000 at ilea ystply imew, no its, basewd beruneam premium, and ground rents (it any) which may attain a
<br />lidadly near 00 Mod arlhanind ftm time to time by the Mix e. The amounts so Paid " be
<br />OW, All • nommeMY
<br />via jbirig"as without, lialivent and applied to the, payment of the items in respect to which such amounts were
<br />MmuWa me pledged as additloW security for the ladebtednew secured by this
<br />'Igmtpp, Atmigil#Wablig W to Idocippor Me manual of any deficiency between the added lama. ameaments. Insurance
<br />'m am p" to ltorklaw
<br />and and the, 6spodis herearider within 10 days after damand is M66 upon Mortgagor requesting
<br />Poo men *MDiL
<br />flop&* Aftialoamm and 7w To promptly repair, restore or rebuild any buildings or improvement$ now or
<br />bMg*W an aia heeparty; to " the Property in go" condition and repair, without waste, and free from Mechanic's of
<br />oikW Neem, go vapposty aerimildiastad to the ban horpn(i that to make. miller or permit any nuisance to exist, nor to dimin -
<br />lab or WAp* ft soliep of the property by my act or omission to bctl and to comply with all requirements of law with
<br />moved to tho hre"Ay.
<br />ra
<br />I
<br />
|