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F
<br />000818
<br />MORTGAGE
<br />This Mortgage is entered into between GAIL E. BRUMMUND and DEBRRA D. BRUMMUND,
<br />_Husband and Wife (herein "Mortgagor ") and
<br />HERBERT C. and EDITH ELSIE BONSACK (herein "Mortgagee" ).
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 30,000.00 , evidenced by Mortgagor's note
<br />dated November 20, 19 7$rein "Note ") providing for payments of principal and interest, with the balance of the
<br />Indebtedness, if not sooner paid, due and payable on_ November 20, 1995
<br />Tosecure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced 6�111d�ftpgeitd protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Hall County, Nebraska:
<br />Lot Eighteen (18), Block One (1), Brentwood Subdivision in the City of Grand
<br />Island, Hall County, Nebraska.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, 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 and such personal property that is attached to the
<br />improvements so as 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 of the foregoing being referred to herein as the
<br />..arty..
<br />Mortgagor further covennants 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 />L Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants that the lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />0 The Property is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at hook , Page , —_ of 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 />3. Taxes, Assessments. 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 payments required under the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such Dates, awnrt or other charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />and with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjust, coRM and compromise, in its disemtion. all claims thereunder at its sale option, authorized to either apply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con•
<br />finue until the sums secured hereby are paid in full.
<br />S. C) Faw For Taxes and Insurance. Notwithstanding anything contained In paragraphs 3 and 4 hereof to the
<br />contrary, Mortgow shall pay to the Mortgagee at the time of paying the monthly installments of principal and Interest.
<br />ono4wolfth of the yearly tuxes, assessments, hazard insurance premiums, and ground rents (if any' which may attain a
<br />priority over , all as reasonably estimated from time to time by the MortgWe. The amounts so paid shall be
<br />bold by the Mortgagee without Interest and applied to the payment of the Items in respect to which such amounts were
<br />depool" The sums paid to Mortgagee hereunder are pledged as additional security for the Indebtedness secured by this
<br />shall pay to Mortgare 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 />Payment thereof.
<br />6. Repok, Maintenance and Vor. To promptly repair, restore or rebuild any buildings or impn)vrmrnts now or
<br />hereafter on the Property, to keep the Property In good condition and repair, without waste, and free from mechanic's or
<br />other Reno not expressly subordinated to the lien hereof; not to make, stiffer or permit, any nuisance to exist, nor it) diniln•
<br />unit or impair the valour of the Property by any set or omission to art; and to comply with all wtiniretneni.o of law with
<br />rrepret to thv Property,
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