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MORTGAGE OJ— 004621
<br />This Mortgage is entered into between Je__r�P; Jensen and Mary M. Jensen, Husband
<br />r__A Ad (herein "Mortgagor") and
<br />THE OVERLAND NATIOM BM OF GRAND ISLAND, Grand Island NE _(herein •'Mo
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 23,000.00 evidenced by Mortgagor's note"
<br />dated -S®Pt. 19, 198:> (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedrteea, it not sooner paid, due and payable oa Sept _19, 1988
<br />Towcure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to 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 — ..�Hal I - - -- _ — County, Nebraska:
<br />Lot 18, in Block 4, in Peplat of Riverside Acres, an Addition to the City of Grand
<br />Island, County of Hall, State of Nebraska.
<br />AND
<br />A tract of land doWrising a part of the Northmst Quqrter of the Southwest Quarter
<br />(NWiSNU of Section Tw nty- One(21), in Township Eleven (1.1) North, Range Nine (9)
<br />West of the 6th P.M., located in Grand Island, Hall County, Nebraska, more
<br />particularly described as follows: 119.55' x 1971, .50 Acre Tract of Land.
<br />L.�
<br />TRANEWUL OF PROPERTY. If all or any part of the Property or any interest of Mortgagor
<br />therein is sold, transferred or farther encumbered without the express written consent
<br />of the Mortgagee, Mortgagee may, at its stole: option, declare all stmt, secured by this
<br />mortgage, to be imnediately due and payable.
<br />Together with all buildings, improvemwnts. fixtures, stree•ls, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise• pertaining thereto, and the rem % s,,sur•. and profits. reversions and remainders
<br />thereof; including, but not limited lo, heating and cooling equipment slid such personal property that is attached to the
<br />improvements so as to constitute a fixture; all of which, including replacrme•ntc and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of thn 11ortRagv and all of the foregoing being referred to herein as the
<br />'*Property".
<br />Mortgagtx further conven ones and agrres. with Mortgagee% a. solloH,
<br />1. Payment. To pay the indebledness and the omens -1 tilt n,m d. prmidiA m this Mortgage and the Note.
<br />2. Title. !Mortgagor is the owner of the Prope•rt %, ha, ;ht right and authority 4 mortgage the Property, and
<br />warrants that the lien created herehy is a first and prior hen on th. Pnej»•rty , except as min otherwise beset forth herein.
<br />?.] The Property is subject to a Mortgage wherrin
<br />is the Mortgagee, recorded at betook __ ._ _ . ,.. Page l I.),- Stan itag.• lircord (of _- ._...__ County,
<br />Nebrasltt, which Mortgage is a lien prior to the hen rn•atcd hash,
<br />13 Outer prior liens or encumbrances:
<br />3. Tares, Awava ments. To pay when due all taxes, :pecu ll assessments and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note wcured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. fnrtlrorce. To keep the improve,,wnt:, now or hereafter located on the rest estate dexribed herein insured
<br />spurt dastage by Are and such other haaards a •Mortgagee may require, in amount,, and with companies acceptable to the
<br />Mortgagee, and with last payable to the Mortgsg: r. in case of loss under such policies the Mortgagee is authorized to
<br />adjust, oiliest and compraimi", in its discretion, all claims thereunder at its sole (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 />lure vaoUl the woe scarred hereby are paid in full.
<br />5. 11 Easrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs :1 and 4 hereof to the
<br />ovals y. Mortgagor atoll pay to the Mfortgagete at the time of paying the monthly installments ref principal and interest,
<br />~tw/Afth of the yearly tuxes., assessments. hasard insurance premiums, and ground rents (if any) which may attain a
<br />priarky tmr this Mortgage, all n reasonably vatimated from time to tine b5 ehr Mortgagee. The amounts su paid shall be
<br />Wild by the Mfortgallee withewt interest and applied to the payawnt or the turn% in rrsprct to which such amounts were
<br />dsVsaited. The what paid to Mortgagee hereunder are pledged as additional wcurity for the indebtedness secured by this
<br />Marlow. Marta nr shall pity to Mortglgpe the amount of any deficiency between the actual taxes. asst•osments, insurance
<br />pasrduom and ground rents and the deposits hereunder within 10 days after demand is rude upon Mortgagor ,-questing
<br />payment thereof,
<br />r.
<br />g. Popov. Mamunsame sad rise. '1'o promptly repair, rettorr or rehuild any buildings or iniprovrna•nts now or
<br />benrafter on the Property; to keep the Property In goad condition and repair, without waste, and fore from mechanic's or
<br />DOW horns mil expressly WKWdinalyd to the lira hereof. nut to make. suffer or permit any nutsana r to estal_ nor to dimon
<br />kh Of tmMatr 41W vaiw' of the PrcjwttY by any art or omission lit all, stud to vontpl.v atilt All o•gmrrrnrnts tit law with
<br />septet to:: V Projoerty.
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