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<br />MORTGAGE
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<br />83- u0115 6
<br />Brian C. Hamilton and Caren L. Hamilton,
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<br />TlliSMortgage,'isentered into between
<br />
<br />?UsQ~d"and Wife
<br />'Ibe Overland Na.tional Bank of Grand Island, Grand Island, NE
<br />
<br />(herein "MortgagQr") and
<br />(herein "Mortgagee"),
<br />
<br />
<br />~1ortgagor is indebted to Mortgagee in the principal sum of $122,000.00 , evidenced by MortgagQr's note
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<br />March 8" 1983 (herein "Note") prmiding for payments of principal and interest, with the halance of the
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<br />indebtedness, if not sooner paid, dne and payable on Jul V 18, 1983
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<br />To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />,advanced by Mortgagee to protect tbe security of this Mortgage. and the perfonnance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
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<br />property located in
<br />
<br />Han
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<br />County. Nebraska:
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<br />A tract of land caIprising all of Lot 1\vo (2), Brentwood Third Subdivision
<br />in the City of Grand Island, Hall County. Nebraska, excepting therefran a
<br />part of said lot described as follows: BegiIUling at the southwesterly corner
<br />of said lot 2; thence running northeasterly along the southeasterly line of
<br />said lot 2 a distance of 1\vo Hundred 1\venty Three and Five Hundredths (223.05)
<br />feet to the southeasterly corner of said lot 2; thence running westerly along
<br />the northerly line of said Lot 2 a distance of Eighty 'l\vo and Thirteen Hundredths
<br />(82.13) feet to a corner of said Lot 2; thence deflecting left 1350 32'10" and
<br />running southeasterly a distance of 'I\renty and Eighty Eight Hundredths (20.88)
<br />feet, thence running southwesterly a distance of One Hundred Sixty and Eighty
<br />Six Hundredths (160.86) feet to the )X>int of begiIUling.
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<br />Together with all buiJdings. improvemenb. fixturt>s. .slr()t.t,...... allt.ys. pa...sagt'ways. pa.'wml~nts. rights. privilf'ges and
<br />appurtenances located Lhereon or In anywi,sf' pertaining tht~n>to. ,and lhl' Il'nb is-,ut'~ and profits, rev~rsions and remainders
<br />thereof; including, but not Iimitt'd to, l,"atmg and coolmg .'qulpm.'nt and such p.'rsonal property that is attached to the
<br />improvements so as to constitute a fixture; all of which. including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by th.. hen of this Mortgag.. and all of the foregomg bemg ",fel'TPd to herein as the
<br />"Property" _
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<br />Mortgagor further convenants and~. with Morq;agt>e:., 3.-;;; follo\\^s
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<br />1. PaymenL To pay the indebtedness and th. lllll',,'>t tlll',,'on as proVIded in thIS Mortgage and the Note,
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<br />2, Title_ Mortgagor is the owner of tb. Property, h.., th., right and authority' to mortgage the Property, and
<br />warrants -that the tien created hereby i~ a tina and prior two on tht' Ptupe-rty, t'XITpt 3., may othprwise be St't forth het'Pin.
<br />
<br />o The Property i. subject to a Mortgage WIwN'1ll
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<br />is me Mortgaget>, ",corded at Book _,_____,_ , Pag<' , ..I Ih., ~\"'tg"R" Rt'<'ords of ____________COunty,
<br />Nebl1ll>ka. which Mortllllll" is a lien prior to th., lien <n'ot,'d h,''''I>;
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<br />o Other prior liens or encumbran.'t's'
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<br />3, Tax.... AsaoaIIleftls. To pay when due a11t""."" 'pec.ala.sessments and all other charges against the !'roperty
<br />and. lIpOtl written demand by Mortgagee, to add to the payments required under the Not. secured hereby, such amount as
<br />may be suf1lci!!nt to ellllble the Mottgage<' to pay sU<'b taxt'S, llSS6Sments or other charges as they bt-t-ome due,
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<br />4.. lllSUAllC'e. To kef'p tbt'- improvemenL'li nu\\' or lK>n"aCt..r ioeated on tht, noal estatf\ described herein insured
<br />&pinst damqe by fiR' and suelt other huards .. Mortpget' ma;' requil'\', in amounts and with rompanies attf'ptable to the
<br />!IIImttaIee, aad with loss payable to tbt> Mortpc<'r, In rase of loss under <uch policies the Mortgagee is authorized to
<br />actjufi, collect and_promiae. in its ~tion. all daim5 tht>n'Unde, at its sol.. option, authori7...dtoeilb.rapplyth..
<br />~ In the .~ of the Property 0' ujlOl1 lit.. indebt..d...... ....ul'Pd he....b)', but payments h....under shall con,
<br />u- until the 5IlDll SKUIl!d bem>y.... paid in fulL
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<br />$. D ~.... For Tax_ _ 1_, Notwithstanding anytbing eontained in paragraphs 3 and 4 hel'\'of to the
<br />eoatJaIy. ~ shall. PlY to the Mortjlagee at the tllnl' of paying tile monthly installments of principal and inteml,
<br />~1III'Iftll, oCthe yqdy taxa, _ts, huard insurance premiums, and ground ",nts (if any I whkh may' atlain a
<br />pdority..... this......... all as -.abl)' estimaYxl from tlllt<' to tiltl<' by tbe MonN...., The amounb so paid shall bt>
<br />beld b7. the ~ ..uhotll intHMt and applied to tbe payment of the itenu in n>$ped to which such amounts were
<br />..~ ".. Muas. .... to ~ lIereun.. .... plt'dged as additionAl sP<'Ur\t)' for the indebtednea _ured by this
<br />...... ___tIuiI.t pay In ~ 1M amount of any deftc;..ncy bt>t'lm"n th" IK'tual ta.U<l, _ts, il\SUl'alK'e
<br />~ _ P'OlIIld ~ pd the ~II h_ndOlf witltin 11} day's an... d.mand is made upon Mo.ipcor requestinC
<br />...... tIItIl!ot,
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<br />" .... Majr'pq_ _ Ute. 'fit profIll>~ ...pair. mio", 01' ...butld any bulldinll or Ilftprovt'lftenls now 0'
<br />~.. ."""""y; to _..... the I'taptm)' In c-I romlluon and nopaI.. wtthout ..at.., and f_ from meehanic'. or
<br />tlICIIlIft__lIDt.~ ~ to the 11tn~;!lOt to mat.., iOUffN 0' pptmlt any nu.......... to nllt. nor ,,> dimin,
<br />.. .. i\IIIIIIIlr .tlIIt .... of the ~)'.1>y All' ..t .... __ to lOC\; and 10 contply wllh all requlnomenl> of law with
<br />....... iothe~.
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