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<br />MORTGAGE 85-- 002648
<br />MOHI Q Is entered Into between _ [a rev W F�v1 F. and HArh - A Fowl e� 1.
<br />!ster J. Chody, Jr, and Joanne J. Chody Wife;
<br />rhi W- — 1p-
<br />- -- (herein "Mortgagor") and
<br />NO ct0gor Is indebted to (herein "Mortgagee").
<br />Mortgagee in the Principal sum of 5.14.00 0.00 , evidenced by Mortgagor's note
<br />dated 5 /zo /HS ( herein "Note ") Providing for payments of principal and interest, with the balance of the
<br />inde if not sooner paid, dire and payable on 11-26 -85
<br />Toseo a: the Payment of the Note "With interest as Provided therein, the payment of ail other sums, with interest,
<br />ad.areed by to Ptptect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the for' *co atained herein, Mortgagor does hereby mortgage and convey to ModpW the following described
<br />Fly located in Hall County, Nebraska:
<br />Lot Nine (9), Block Twenty Four (24), Wheeler Addition to the City of
<br />Grand 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, easements, rigs 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 • to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a poet of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein cl the
<br />1111
<br />Mortgagor further convenants and agrees, with Mortgagee, as follows:
<br />1. layman. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2. Tkk• Mortgagor is the owner of the Property, has the right and authority to mortgage
<br />ws—ts that the lien created hereby is a first and Oor lien on the Property, except as may otheerwwise be set forth and
<br />O The Property is subject to a Mortgage wherein --� --
<br />rthe Mortgagee, recorded at Book , Page .... _ ..... —_ of the Mortgage Records of ^ County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />❑ Other prior liens or encumbrances; _.T_____
<br />$• Tahwa, Autumenk. To pay when due all taxes, special assessments and all other charges against the Property
<br />and' upon written demand by Mortgagee, to add to the Payments required under the Note secured hereby, such amount as
<br />may be sufNcknt to enable the Mortgagee to Pay such taxes, ments or other charges as they become dire.
<br />'- laaarance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />> by Are and such otter hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />illiffigagea" and with loo Payable to the Mortliftee. In case of loss under such Policies the Mortgagee is
<br />��+ Celled and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />rinse bole r Sum$ secured the Property or upon the Indebtedness secured hereby, but Payments hereunder shall con.
<br />by paid In full.
<br />5• E3 llaaaw For Tartor and lice. Notwithstanding anything coatalned In paragraphs 3 and 4 hereof to the
<br />otakwalfth '' Mortgagor
<br />o< the shall pay to the Mortgagee at the time of paying the monthly installments of principal
<br />y"dy WM, nts, hazard Insurance Premiums, and which and interest,
<br />Putty over " M°rEgaga, all as reamably nUm eted from time to time by the Mond rent. (if any) which may stash e
<br />h*W by the without interest and applied to the Mortgagee. The amounts so paid shall be
<br />s t>4/caited, The' wmS Paid to M hereunder one Payment of the items in respect to which such amounts were
<br />' l hgorshtahl Pay to the amount of any deficiency between the actual taxesbAssessments, nli by race
<br />and ground rank and the deposits hereunder within 10 days after demand Is mate upon Mortgagor requesting
<br />pay t hereof.
<br />a Repair, Mainteuaame and Use. To Promptly repair, restore or rebuild any building. ur improvements now or
<br />beftofter on the Property. to keep the Property In good condition and repair, without waste, and fret, ftom mechanic's or
<br />oth" not OXPFOWY subordinated to the lien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />ldh or Impair the vW" Of the Property by any act or omission to act; and to comply with ail tr4quirrments of law with
<br />to rte Property.
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