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$4 ~-- ;xu0"05~
<br />MdRTGAGE
<br />This Mortgnge is entered into iietsreen David W. Stull and Norma `C. Stull ; ea eh
<br />in his and her. own right -and as Spouse of the ~theY- (hecein''Mortgagor")aria
<br />_ --_-__.--- Fi:Ve COI ntS B$nh ~ ---T._._ _Iherein"Mortgagee"). -.
<br />- Mortgagor is indetited'to Mortgagee in~--th'e principal-sum~of $_ 4, 6 5~4-, 44 ~ evidenced by Mortgagor's. note
<br />_- dated _ .1.2 30 / $3 _, ,{herein "Note") praviding;for payments-of priacipal~and;intemsk, with the balance of the
<br />indebtedness, if nat soorigr paid, due and payable on. 12 / 30 / 86
<br />ToseivteChESugrrttntofzheNote,vrithinterestasprovidedthereia,thepaymeatofailotherSiads,withinterest;
<br />advanced by MOftkgagCe to protect fhe seetrdty of this Mortgage, and-theperformance of the;covenantsanct agreements of
<br />t1te74fortgagor'aantaiAe$hetein:.,7got;;dpHS harebymotiga~-and convey:toMortgagee .t#iii`.,fotlowingdescribed
<br />o rt 'Hr#11
<br />pr pe y located in ~-~.. ~,~._r=' ~ , ~~"A41+s- Nebraska:.
<br />r
<br />Lot:One {1) in Block Fifteen {15) in Charles, Wasmer'a
<br />Add7.tion to the-city of Grand Island, Hall. County,:
<br />Nebraska
<br />Together with alt buildings, improvements, fixtures; streets, alleys, passageways, easements, rights, pdvileges'and_
<br />apputterwec~ located thereon or in anywise pertaining thereto, and the rents. issues and prot#ts, reversions-and remainttArs
<br />thereof; indudinE-hat sot limited to, healing and coding equipment and such persona! property that is attaetied°to the
<br />- - - -impi09eT71enta:sa as to ttmatiWte a fixture, alt of -which, including replacements and additions_thereto; is herebydedared - -
<br />- ta~~i7p 9-Part of the real estate secured by' the lien of this Mattgage and all of the°foregoing_being-referred ~ to herein as:the -- - -
<br />.... . "ProPFrtY"
<br />- - - -Mortgagor further eonvenants and agrees, with Rfortgagee, as fdtows: - - -
<br />_ - - - 1. Payment To pay the indebtedness and Ehe iniere>t thereon as provided in this Mortgage and the Note_ - -
<br />- - - 2;- Title. Mortgogttr ig the-owner of Che Property, has. Lhe right and authority to mortgage the-Property, and - - -
<br />- werrarttfl that the lien erealed-hereby is a first and prior iivq on-the Property, exeePE as may otherwise be set-forth herein:
<br />- i7 The Property is suh#ect to a Mortgage wherein -- -- -__..-_...._._.____ - - .
<br />- is.the Mortgagee, recorded ab Bank ~,.~_..._.._ ,Page-----_-_ - _... -oP the Mortgage kecords of _._.~. ~ Gbpnty-,:.
<br />Netmutita; which Mortgage is a lien prior Lo ihr lien created hemby.
<br />[7 f)therpdoriienaoreaeumbrancvs:_._.._._.__-_.-_._____._.______..,~,__------._~__-..__.__
<br />- ~ - ~ 3. T~~. Aaaesameaea -Tn-pay when due a[t-taxes, spedalassessmenis:and ail-outer chargesagainsL the:Prr>$erty~
<br />sari, upon wntteq demand hY Mortgagee, to add:to the-payments required undet_the Note secuced hereby, such mount as
<br />spay be su[t5ciat}E_tnena6k the Mortgagee to pay,sudt.iaxes,asselissments or other"charges as they tiacome due.
<br />4. Iastrtartsw. To keep the imprnvearents now nr hereafter located on the real estate described: herein insured
<br />_ against damage by-fite.aad suds. otter hazards as Mortgagee may require, in amounts apd -with compartias acceptable to the-
<br />16artgagee, and wi}h tar, payable W the )kfortgpg~• to case of toes under such. policies l4e-Mortgagee is authorized to
<br />ad}uct, collect and comp~gfnise; in its discte[iott, aI1 eigima theraundei at tts sole optidtx, authorized toeither apply rite
<br />yroceeds W the. tesfaradon at the Rope~ty :u upon Lhe indebtedness secured hereby;, but payments hereunder suaU.con-
<br />tiaue until the Gums secumd hereby are paid in ~uli.
<br />5. {? Escrow For Taxes a»d insurance: Naiwithstandiag anything cotiiained in patagrsphs 3 and +t barest to the
<br />c+onirary 9Zoctl}agar sltali pay to the Mortgagee aE Ebe time- of paying Lhe monthly installments of prirtclpat and interest,
<br />ottrtvreifth of the yearly ;axes, aasersments, hazard lnauranee premiuitta, and ground-rents (if any} which- mtty nitain_a
<br />priority near. this tyiongagc, aH as teasanably eSWmated;~ont Eiiae is time by ttte 31ott~gae.~Theamounb so paid shad ba -
<br />6sld by the ;gce without internal and applied to the psymeni itf the itarn4 in inspect to which sttdt.amnunta-were
<br />depve(ied. The suau Petri to Mortgagee hereunder are pledged as addittana} seeurrcy for the indebtedpessaeeured tiy.this
<br />. f,[ortgagar~6atl pay to ldgt3aagee the amount of any deficfea+yt between the actttui:tax,es,aasesiman#a„ insutarice
<br />pltmiunfan6 Around roau and the depueits hereunder within IA days attar damand:is made upon Mortgagor regitastlng
<br />paymerti tboravL
<br />6. R~air Maintenance sad Ure. Tn prnnrpt{y ripair, restore -or rrbui?d any 6uitdings urtmptszvemaptt now or
<br />hrma(!Qr nn the Property to keep the Property in good ca~diiian and raper, withuut+ttastp,aud tree frerrtluHduutJ~,'a or
<br />nibs;tkm sot exis~.ceaiy wbordtn,tttd to the iiHU herevY: not in nutkc.:uttec c„ prrtnit a»y nuksagee to asiF,.t„ nor Lo dim'trs.
<br />ate or ita~lr thrvat~ vfttie lYnpor[y dy any act oe ombnion kr act, ,u~d tct r.,mpty with raqulrrogt+eotanf ;ate Wtih~
<br />rr~tPecl to tine lkoperty< ". .. - - .. -
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