|
MORTGAGE 8a�, 001049
<br />This Mortgage is entered into between STEPHEN T. FL.EliA W AND LOUISE K. FLEHARTY,
<br />HUSBAND AND WIFE
<br />__ (herein "Mortgagor") and
<br />THE OVERLAND NATIONAL BANK OF GRAND ISLAND, GRAND ISLAND, NEBRASKA
<br />(herein "Mortgagee ").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 40 +x.00 evidenced by Mortgagor's note
<br />dated March 1, 1985 (herein "Note ") providing for g payments of principal and interest, with We balance of the
<br />iadabtednses, if not sooner paid, due and payable on March 1, 2005
<br />TO segrre the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />dvarreed by Mortpsgee4o pkotect 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 />Lots Fifteen (15) and Seventeen (17) in Block Three (3), in University
<br />Place, an Addition to the City of Grand Island, Hall County, Nebraska.
<br />Transfer of Property. If all or any part of the Property or any interest of
<br />Mortgagor therein is sold, transferred or further enciunbered without the
<br />express written consent of the Mortgagee, Mortgagee may, at its sole option,
<br />declare all stms secured by this mortgage to be immediately due and payable.
<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 />Mortgagor further coveenants and agrees, with Mortgagee, as follows:
<br />I. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2. 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 />❑ T lie Property Is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Book , Page _ of the Mortgage Records of County,
<br />which Mortgage is a lien prior to the lien created hereby.
<br />O Other prior Hem or encumbrances;
<br />
|