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<br />MORTGAGE �5�•...
<br />U 001 593
<br />This Mortgage is entered into between St.Qben T Fl �h�rT end T nui P
<br />FlP �
<br />Fi[ISB7yi+TD AND WIFE
<br />The Overland National Bank of Grand Island (herein "Mortgagor") and
<br />(herein "Mortgagee,.).
<br />Mortgagor is indebted to Mortgagee in the principal sum A of $ 37 , 075.00 �n by Mortgagpr's note
<br />dated April 1, 1985
<br />(herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable o„ April 1 2005
<br />Tosocure .the payment of the Note, with interest as provided therein, the
<br />advanced by M to protect the security of this Mortgage, Payment of all other sums, with interest,
<br />the Mortgagor contaltred harem, Mortgagor does hereby M rtmo ' and the performance of the covenants and agreements of
<br />Y rtgage and convey to Mortgagee the following described
<br />Property located in — I In h l County, Nebraska:
<br />Lots
<br />Additio hundred thirty nine 1 I lt forty
<br />n totthecity ofGrandIsla Island, County, Nebraska. Belmont
<br />Transfer of Property If all or any part of the property or any interest
<br />OT mortgagor therein is sold, transfered or further encumbered without
<br />the express t,Titten consent of the mortgagee Mortgagee may, at its sole
<br />option declare all. suns secured b}• this mortgage to be immediately due.
<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 />Property"
<br />Mortgagor further coneenants 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 />2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants that the lien ct+ated hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />❑ The Property is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Book of
<br />Nebraska, which Mortgage P • Page of the Mortgage Records of County,
<br />is a lien nor to the lien created hereby.
<br />0 Other prior liens or encumbrances:
<br />3. Taxes, Amts, To pay when due all taxes, special assessments and all other charges
<br />and, upon written demand by Mortgagee, to add to the payments
<br />required under the Note secured by, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessments or other
<br />charges As they become due.
<br />4. Maumee. To keep the improvements now or hereafter located on the real estate described herein insured
<br />most damage by fire end such other hazards as Mortgagee may require, In
<br />amounts and with companies acceptable to the
<br />And with 1030 payable to the Mortgagee. In case of loss under such
<br />add, collect and compromise, in its discretion, to
<br />all claims thereunder at its solPolicies ption, either apply
<br />to the restoration of the Property or upon the indebtedness secured hereby, but Day the
<br />tiaus until the sums Y
<br />secured hereby are paid In full. payments hereunder shall con-
<br />3. 0 Escrow For Tax" and Immance. Notwithstanding anything contained In paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor Abell pay to the Mortgagee at the time of the
<br />paying monthly installments of principal and interest,
<br />One4welfib of the yearly taxes, useaments, hazard insurance ground rare (it any) which
<br />P110THY aver this Mortgage, all a reakmably
<br />may attain a
<br />estimated from time to time by the
<br />held by the without interest and applied to the rtgagee. The amounts so paid shall be
<br />Tb@ sum paid to hereunder payment of the items In respect to which such amounts were
<br />hereunder are pledged as additional security for the indebtedness secured by thisce
<br />stall PRY to MOft9AV@ the amount of env deficiency
<br />between the actual taxes,
<br />Premiums and ground rents and the deposits hereunder within 10 days after demand Is made upon Mortgagor ,r insurance
<br />payment thereof.
<br />I
<br />ffi. R#P$ <, Maiatanaaee and Use. To Promptly re
<br />hereafter on the D D Y pair, restore or rebuild any buildings or Improvements now or
<br />y; to keep the Property in good condition
<br />ea
<br />�
<br />and repair, wtthout waste, end fhee from mee.haale's or
<br />other fierts not ea y subordinated to the lien hereof; not to make, suffer or nuisance
<br />tsh or Impair the value of the Property by any set or omistidxt to
<br />tlawiwith
<br />respect to the Property. Art; And tort reply with sell marts of
<br />i
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