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~~ ---'{i00048
<br />h1UR1~GAGE
<br />1Lie. Marigaga:is entered into between DAI~Is I,. S1~RY and. SHTItI.EY M. SKF7AT ; Husband
<br />r and Wife :
<br />t (herein "Mortgagor"} and
<br />'IAE O~'ER1AC'iD.-NATIt~tAE, BANK OF Cifi'AItU) ISE Grax~i Island, Nebraska !herein "Mortgagee» )
<br />Mortgagoess'hidebted to•Mortgagse=tn'the pdacipai sum ot$' 18,I?(3(Y'QO , evidenced by Mortgagor's note
<br />dated nbet' 30,-- 1983 eretn "Note"
<br />(h } prov(dtng for payments of principal utd.interest, with the balance of the
<br />' utdebtedness, ifnot sooner paid, due and payable onr-: 2b. 1982:
<br />lbsecnre thepgp*ment of the Note=with intsreatas pmsided therein, the payment o[ ail other stone, with interest;
<br />adoatteed by Mort~gee to protect'the security of this Mortgage, and the performance of the corsrrmtts and agreements o[
<br />- the Mortgagor eo6~d.~herehe°° --daea:here m - p" ortgagee the following described
<br />sue- ...~ ;~ , by ortgs~C and conVe _ to M
<br />~F3a.11 .. ~ _ , '
<br />property located m ~> _ County. Nebraslm:
<br />ibt Otte _(1J in Block; One H%tndred Tnenty (I20) in i?a,ilroad Addi lion-
<br />- to the City. of -trend Island, .Hall" Caamy ; Nebraska, and -its Ceirgil'r~nent
<br />to-wit.. Int. One. (1) in Block '~ntp (20j in Arnold and Abbott's-
<br />- Addition to the: City of Grand :Island, Ha1I .Comity, Nebraska<
<br />`iY'ansfer of I'mperty. If all or-env part of the Property or any interest of iiortgagor
<br />therein is sold, transferred or further enctaiibered "without the eztpress written consent`." "
<br />cif the b~rt~agee, Mortgagee may, at i.ts arole option, declare all stets secured by this
<br />Mortge~e to be i,mnedi:ate2y-due and payab3e.
<br />lkigather wKh alt. buildings, improvements, fixtures, streets; aileya, passageways, easements, rtghta, priyitegee and
<br />appurtenances located thereon or in anywise pertaining thereto,. and tbs rents; issues and profits, mversiona and remainders
<br />thereof; indudtag; but not limited to, heating and cooling equipment and such peraonai property that is attached to the
<br />intpmrementa-so as to constitu#e a fixture; sti of which, including teptacemeats and additions thereto, is hereby declared
<br />to be a pain of the teal estate secured by the lien -of this Mortgage and all At the foregoing being referred to here. ,., the-
<br />..~PertY"
<br />Mortgagor further coavaoantsend-agrees, wiUi Mortgagee, as follows:
<br />1. Paymeut. To pay the indebtedness and the interest thereon as provided in this Mortgage sad the. Note.
<br />2 Title. Mortgagor is the owner of We Property. bas the rigst and authority to mortgage the P[opertp, and.
<br />weasels that the lien crsated tierebp is a first and prior ifen on the Property, except a4 may otherwise be set fort4 herein.
<br />I3 7Le Piaperty is subject to s Mortgage wherein
<br />to alte.Morigti~ao-,recotded at Bnok .Page of the Mortgage Records of County,
<br />t3etiraska, which Mortgwgr 18 a lien prior to the loan created hereby.
<br />L7 tkJSer prior liens Ae encumbtansxs:
<br />S. T#=ea, AaaaaaarMta. To pay whep dos all tarn, special aaseasmeats and alt oWei charges against the Property
<br />and; open written derriaad by Mortgagee, to add to the. pajtmedts required.under the Note wcured hereby, such amount as
<br />mp?-fie tuttkiertt to enable the ~ to pay such.taxes, asserame=tfa or ether ct>atges as they become-due.
<br />'t.'JaiaAt To beep the-tmprovementa now ortrcreafteriocated on"the reaiestate desetibed herein insured
<br />pptrt~ rtat~ge by ffire-sad tsueh other hazatda aq Mortgagee .map require; is atnouats and with rnmPaMes aeceptaMe to th~-
<br />M; sad with lase psysbhe to the iifttl#gagae.'tn qEe-of ions-under sued policies the Mortgagee is aatdoriuti to
<br />ad~u. coilaet iatd txunpraaose, in its dlseretlon, aU claims thereunder at im sole •opUOn, authoriaedta eitherapply the .
<br />ptaceeds to the restWlitlQA oL,tbe Prsgierty ~ apoa the: indebtednew secured herebp; but psymentahereaader sha-1 con•
<br />have uAt3t ttw aur%seauxldita[+eiry ars'paW hl tAii,
<br />5. p Eacrosr Fa 71xek and ftYyratttx. Notvrithatertding.anpWtttg oontsitted in pauigrspba 3 and.4. hereof to We
<br />ooetrary, Mortgagor stun pay to the Mori=age at the brae of p~Jag the monody inattlimenta at principal and tntereat,
<br />ooe-tw,elhd of the Yeatiy tatter, esaeamsnts. hazard iruurancs p[iemiums, sad
<br />priority owr this ground -recta; (it anp) which. inay allele a
<br />Mortt9rtle, ail as reasoAably estimated 0»nt time W tftae try ttteMortpgee. T9ie amopna W paid shalt be
<br />iwdd by Ehs > xithostt 1ntRteat sod aPPikd to the pay+ttedt:ot:the itatna is mapect to wffich iwcb amounla were
<br />dapgtited 11+s tuna paid to Aiarsgagse hr2enadsr am pSsrdeed as addittoad aemtdtp tar the; FAdsbtadrasra secured-bytfit6,
<br />idortpft_ Mortpgarahati ply W Natsgasee the amount of any de4deney 4atwean the acGsat lanes, aaaeatmeAts, insurance
<br />pr-Wtupt lied pound rea4 and the deporl4 hereunder within 1~"daYaafler damwdls taada upu~n A4n<tgKar requesting
<br />papcwt ihertroL
<br />6. iiepadr ldaialawrns and Uw. 7b prutrpiFy repair, rentocr ~ rehuNd ang bniidfa~c nr tmprorcmeuls nova or
<br />tratrNtter oe ttss PnoyKty; W heap tAt i roperty in good eondit#on sad repair, without waapi, and flee itmaa meat+rnhe's or
<br />atlssrbsw eat axprawty sai~etgaclad tc iba tom heseot; not to make, auftrr or parnut ray ouism$a to rrtst,:nar %dimin-
<br />isb or ireryiadr for vaitle c4 fbr Property by nay aot.or 2mkhtioo to asi~ and to eomptp with alt raquiret~nu of haw-wig
<br />riryAN to tAt P1ro(tarty. - - - -
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