|
<br />83-13003
<br />MORTGAGE
<br />?fiisMortgageisenteredintobetween Robert L. Sor¢enfrei and Luella K. SorQenfrei,
<br />$txahand and crife (herein"Mortgagor")and
<br />First National Bank and Trust Co, of Kearney (herein"Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 51 , 000.00 ,evidenced by Mortgagor's note
<br />~~ .January 103 1983 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner geld, due and payable on July 11, 1983 ,
<br />Tosecure 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 Hall County, Nebraska:
<br />Lot One hundred fifty one (1.51) in Belmont addition and Tots 'ttrelve (123 and
<br />iwcfrty-s 171 {'<vl, ncu~i Sza zziii.5 .>iivd lV 2~~.. , Nall ~v un ty, ::eb ra 5ii8.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appnrteaances 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 tooting equipment and such personal property that is attached to the
<br />improvements so as'to constitute a fix[ure; all of which, including replacements and additions thereto, h hereby declared
<br />to be a part of the real estate scoured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />Mortgagor further tanrenants and agrees, Rich Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the interest thereon as prosided in this Mortgage and the Note.
<br />2 Title. Mortgagor is the owner of the Property, has the right and autltoritp to mortgage the Property, and
<br />wattant& that the lien created 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, rernrded at Book _ ,Page of the Mortgage Records of County,
<br />Nebtaeka, whidt Mortgage is a lien prior to the lien created hereby.
<br />C] Other prior bells or encumbrances:
<br />3. Tares, Aa6•esrrtenta. To pay When due all taxes, specie! assessments and all other charges against the Property
<br />turd, upaa written demand by Mortgagee, to add to the paytrtents required under the Note secured hereby, such amount as
<br />may be sufficient to enable fire Mortgagee ro pay such taxes, assessments or other charges as they become due.
<br />4. iostvanee. To keep the improvements now or hereafter located on the real estate described herein insured
<br />a~inst damage by fire and-such other hazards as Mortgagee may require, in amounts and With companies acceptable to the
<br />-sad with ttrat- PaYaMe to She Mart gee. In case of loss under such policies the Mortgagce is authorized to
<br />adjast, t~pilaet and eomptomiee, in its diuretion, aU drums thereunder at its sole option, authorized to either apply the
<br />pa»teerfs to the restoration at Etta Property or upon the indebtedness secured hereby, but payments hereunder shaft con-
<br />. tiaae uatll,tbe sums asnrred hereby ate paid in ftstl.
<br />$. t7 Fwrno>A' €ar Taxeor a~ inwtmce, Notwithstanding anything contained in paragraphs 3 and 4 hereof to fire
<br />- --c::::sss~ . ,~a.•--nrw v -tci .rd irtar~
<br />- -- -c~~'F+-~~sx a~su t~T 'ua tae it'vt~ia~C: at the-t'u:.E of yaj=~ ••_ :-_•~.•~ :~ - ':.:,~ : pri. psi - w
<br />aatcte<elffh of -tire ptsaiy Lases; asa~aaia, hasaRd insurance ptemiunss, and ground tents {it any) which may attain a
<br />parity ~ tEds ~, aN as reasnaabiy mttmate:d from ri~ to time by the Mortgagee. The amotttrta so paid shalt be
<br />i~d. i'!y Imo: a wit3tonL hrtammt ~ applied. to Else payment nt the items in respect to Which such amounts Were
<br />de~apGt~ 4~at~ p~ to d~tgagre h att pledged as additional urcarity For thesadebtedrtess setvred by this
<br />,sdmil-.peg to ~e.the araoant of ate det7ckncy between the actual taraea, assessments. insurance
<br />ilk ~'J{ aBh a~ thr dapealia baraander vrithin IO days afar demand Is made upon Mortgagor requesting
<br />p+rjraataak tltaaerst:
<br />~ ~ ~ sad [ 9tt prttatptly repair restom eu rebuild any building of improvernenta now or
<br />fiapaiRty ca tier Property in t~ rxrndltinn and repair, without Waste, and free from mechanic's or
<br />ntiterli~ tkgt.~y Wbtat~atad to U!e Ilea heeeot, aoi W make, softer ear paamit any auisanoe to exlet, oar to dimin-
<br />iah at ~ e -valalc at t~ Plropeatlr. by,~r set ttsr oaeLwica to seL; and to-comply With tell srquirementc of taw wit3:
<br />raepset to the Pratt',
<br />
|