86105806 - Laserfiche WebLink

Browse

IikfRM AGE The South 12 feet of Lot 7 and the North 43 feet of Lot 9, in BLock 2Q, in Scarffrs Addition to West Lawn, in the City of Grand Island, Hall County, Nebraska Together with all buildings, improvements, fixtures, strrels. alleys, passageways, easements, rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the rents issues and profits, reversions and remainders thereof; including, but not limited to, heating and cooling equipment and such personal property that is attached to the improvements so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared to be a part of the red estate secured by the lien of this !Mortgage and all of the foregoing being referred to herein as the .,arty ". Mortgagor further convenants and agrees, with Mortgagee, as follows: 1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note. 2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and warrants that the lien created hereby is a first and prior lien on the Propeny, except as may otherwise beset forth herein. ❑ The Property is subject to a Mortgage wherein is the Mortgagee, recorded at Book _— - --- . , Page - -- - -._ -_ . of the ;Mortgage Records of - -- County, Nebraska, which Mortgage is a lien prior to the lien created hereby. G Other prior liens or encumbrances:. - - -- 3 Taxes, Amesoments. To pay when due all taxes, special assessments and all other charges against Lie Property and, upon written demand by Mortgagee, to add to the payments requited under the Note secured hereby, such amount as may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they breorne due. 4. Insurance. To Creep the improvements now or hereafter located on the real estate described herein insured against damage by fire and such other hazards as Mortgagee may require, ire amounts and with companies acceptable to the llgrtp&e, and with loss payable to the Mortgagee. in case of foss under such policies the Mortgagee is authorized to ad)wt, holiest and compmmire, in its discretion, all ciaims thereunder at its sole option, authorized to either apply the pedoeeda to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con- tiere until the sums secured hereby are paid in Full. S. Q Eoamw For Totes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the cosrtairy, Mortgagor" pay to the Mortgagee at the time of paying the monthly installments of principal and interest, oate4walttb of the yearly taxes, marnments, hazard insurance premiums, and ground rents (if any) which may attain a pdai" over this Mortgage, all as reasonably tstimatad from time to time by the Mortgagee. The amounts so paid shall be held by the ll0rtgaigee without interest and applied to the payment of the items in respect to which such amounts were dapoWed. The stunt paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this Moc*V *shall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insmauce pregittea and ground rents and the deposits hereunder within 24 days after demand is matte upon Mortgagor requesting ptigaaent thenro! S. Rahrak, Malatenroce and Use. To promptly repair, restore or rebuild any buildings or improvements now or hera+dter on the Property; to keep the Property in good condition and repair, without waste., and free from mechanic's or other lisps tool expnwdy subardinated to the lien hereof; not to make, :suffer or permit any nuisance to exist, nor to dimin- kh or wipalr the Value of the Property* by any act or omission to act. and to comply with all rrquimmenta of law with rrspvct to the Property. f4 l R