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<br />MORTGAGE
<br />This"Mortgage-is entereil'into between'. i~BE~t'1` H' AANSEPt and ,ANITA A. HANSFdV, Husband
<br />'~' and Vdife,, as joint. tenants " (herein "Mortgagor"j and'
<br />-- 'IZiE---~. NATI<SNAU BAi~II{ QF" CdiAI~ID ISLAND, Grand Island, - NEherein "Mortgagee,>):
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ _17, 5th • ~ ,evidenced ty Mortgagor's note
<br />dated February 14; 198$ (herein "Note") providing foi payments of principal and interest; with the 6alanee of the+
<br />indebtedness, 4P not sooner paid; due-and payable on February 14 , 1993
<br />To sectire'L7i4p$j~aer},tof the~Note; with interest as provided therein, the payment of all other sums, with interest,
<br />advancedfby ~o ` erto.preteotwtlie sneuritp of this Mortgage; and the performance of the covenants and agreements of
<br />the,MorCgdgttr- EiF=~ller9itt~~?~~o does hereby mortgage and convey to Mortgagee the foltowing.described-
<br />property located in HSIl ~. County, Nebraska:
<br />" Lot Nine (9) in Argo Subdivision, Hall County,
<br />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, 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; alt 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 ail of the foregoing being referred to herein as the
<br />..Property",
<br />Mortgagor further rnnvenants andagrees, with Mortgagee, as follows:
<br />1, Paymenk Ta 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 />waaants that the lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />R The Property is subject to a Mortgage wherein .___ ._ - __ - _. __-___i
<br />is fife Mortgagee, recorded at Book ,Page _ ___ _ _ .. of the Mortgage Records of
<br />Nebraska; which Mortgage. is a lien prior to the lien rreated hereby.
<br />^.Other prior liens or encumbrances: _ ______.
<br />County;
<br />3. Taxes, Asse~nfents. To pay -when due all taxes, special assessmenis 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 />msy be suffrcieat to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4,. Insurance. To keep. the" improvements now or hereafter located on the real estate described herein insured
<br />against damage by fire and such other hazards as Mortgagee may require, in amounts. and with companies acceptabteto the
<br />Mortgagee,-,snit- wlttf toss: payable to the Mortgagee- In- case of loss under such policies the Mortgagee is authorized to
<br />adjust, twUect, arfd,comp;oroiae, in its discretion, alt claims thereunder at its sole option. authorized to eitherappiy the
<br />proceeds to: the, f+esWratton <rf .the. Property or upop-the indebtedness secured hereby, but payments hereunder shall con-
<br />tlaue untll-thewmssecnredLerebyitre-pad.in,[oit.
<br />5. Lt Esaww-For Taxes aftd Itratttance. Notxithsiandingenything contained in paragraphs 3-and 4 hereof to the
<br />coutrafy, Mortgagor shat{ pap to ttfe Mortgagee.at the "time of paying-the monthly iastaliments of principal and interest,
<br />one-twelfth of the. yeeriy `axe; assessments; hazard,i»surance premiums, and ground rents (if any) which may attain a
<br />pY~ority over this Mortgage, all as reasonably estimated froin time to"time 6y the Mortgagee. The amounts so paid shall be
<br />held by the Mvrigagce without inter sad applied to the payment of the items in respect to which such amounts were
<br />deposited. Tbsr sugfs paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Mortgage. Mortgagor shalt pay to Mortgagee dta.amuunt at sny deficiency between the actual taxes, assessments, insu?ance
<br />-- premdnuis and Qraund rents and We deposit hereunder within t0 days. after demand is made upon Mortgagor requesting
<br />paytnerft tlfermf..
<br />& Repair, AiaLftaoaace and U:. :To proat<ptly repair, restore tar mbuild any buildings or improvements now or
<br />hctcaficr au the. Property: to keep Ghe Property,Grt Boor} condition and-repaix, without waste, and free from mechanic's or
<br />otLKx Ilvns not expressly subordinated to Utt,lieo hereof; not-to make, suffer ar permit any nuisantr to exist, nor to dimin-
<br />_ , isfi or impair the value of the Property np any set at omivion to. act; and:ta comply With ail mquimments of taw. with
<br />tesprci w the PruperGy,
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