|
M« ~~~~
<br />Mt7RTGPiGF
<br />This Mortgage is entered into between BARRY w. 3IEDFELT
<br />and' JoLYNhf NIEDE`ELT, husband. and wife, each in his own right
<br />and as spouse of the other, {herein "Mortgagor") and NC?RI~.AN B.
<br />BAHR {h;erein ".Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum. of
<br />$54,000.00 evidenced by Mortgagor`s note dated December 29, Ig82
<br />{herein "Note") providing for payments of principal arad interest.,.
<br />v,~ith the balance of the indebtedness, if not sooner paid, due and
<br />payable. on ,January 1, 2007.
<br />To secure the payment of the Nate, with interest as provided
<br />therein, the payment cif ali other sums, w~_th interest, advanced:
<br />by Mortgagee to protect the security of this Mortgage, and the
<br />performance of the covenants and agreements of the Mortgagor
<br />contained herein, Mortgagor does Pzereby mortgage and convey to
<br />Mortgagee t:he following described property Located in Ha:11 County.
<br />Nebraska.
<br />Lot Four {~) in Block Three {3) in Valley View
<br />Subdivision, in the East Half of the Northeast
<br />Quarter {ERNE;a) of Section Twenty-Two {22),
<br />Township Eleven {I1) North, Range Nine {~),
<br />west of the 6th P.M.
<br />Together with all buildings, improvements, fixtures, streets,
<br />alleys, aas:sageways, easements, rights, privileges and appurtenances
<br />located thereon or in anywise pertaining thereto, and the rents,
<br />.issues and .profits, reversions and remainders thereof; including,,
<br />but not limited to, heating and cooling equipment and such personal
<br />proz~e:rty that is attached to the i~aprovements so as to constitute
<br />a fixture; a1.1 of which, in4ludincx replacements and additions
<br />thereto, is hereby declared to be a part of the real estate secured
<br />by the Lien of this Mortgage and all of the foregoing being referred
<br />to here~.n as the '"Property" .
<br />Mortgagorurther covenants and agrees, with Mortgagee, as
<br />ollows;
<br />1. Pa~rty.ent. To pay the indebtedness anti the interest thereon
<br />as r~rovidea in this Mortgage and the Alote.
<br />2. Title. Mortgagor is tiae owner of the property, has the
<br />right and authority to mortgage the Property,and warrants that
<br />tie I.:~cn cr~~,~..ted hr~reb~r ~~ ;a ~irct ar~r7 ?")Y1_t~r 11en on the ~rfJ~?erty.
<br />l
<br />3. Taxes, assessments. To pay when due aril taxes, spe:4ial
<br />a.ssessmersts and all other charges against the Property and, upon
<br />written. demand by Mortgagee, to add to the payments required
<br />under the Note secured hereby, such amount as may be sufficient
<br />to enable the Mortgagee to pay such taxes, assessments or other
<br />oha:rges as they become due.
<br />4. Insurance.. To keep the improvements now or hereafter
<br />~ t~.7 ,,,y„hn real c;ct,ate ria~nrihrsr~ h~=?YP't.2'~ ~1'YSASreC~ aCtalnst
<br />1.V 4.41. *~:.'N. • x
<br />~ ~ia~,age by f, rP and such other hazards as Mort~tagee may require,
<br />in"arnoL2n.t and with companies acceptable. to the i~~ortgagee, and
<br />with lcr~s,payab.le to the Mortgagee. Tn case of loss under su4h
<br />z~a_?icies;the Mortgagee is authorized to adjust, collect and com-
<br />pro>nis~~, in its discretion, all claims thereunder as its sole
<br />option, uutharLzed to either ax3ply the pro4eeds to the restore-
<br />tic:. o± she prc>p~>r~y or upon the indebtedness secured hereby, but
<br />pa~;-rrc ^ ~~ h~-r~-~ar.aer shall continue until the saris secured hereby
<br />awe :~aic~ L-~ }ui?_.
<br />
|