|
<br />I
<br />
<br />
<br />MORTGAGE
<br />
<br />83-00,1202
<br />
<br />Strehle and Helen K. Strehle,
<br />
<br />'ili'e, Overland National Bank of Grand Island
<br />
<br />(herein "Mortgagor") and
<br />_ (herein "Mortgagee"},
<br />
<br />l.f~ol' is. indebted to Mortgagee in the principal sum of $ 11,000 00 , evidenced by Mortgagor's note
<br />- Maxch 10, 1983 (herei" "Note")providing for payments of principal and interest, With the balanceoHhe
<br />Max<m 10.. 1988
<br />
<br />TOSl!Curethepayment 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 andagreemenlll of
<br />the Mortgagorrontained. herein, Mortgago,. does hereby. mortgage and convey to Mortgagee the following desCribed
<br />
<br />Hall
<br />
<br />County, Nebrs.ska:
<br />
<br />lbtSeven (7) in Block Ten (10) in Russel Wheeler's Addition to the
<br />City of Grand Island , Hall CbtUlty, Nebraska.
<br />
<br />Together with all buildings, improveml'nts, fixture;. stl"l'ets. aUl'Ys, passageways. easemenls, righls, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, 'Uld the rents lssn.'S and profils, reversions and remaindelS
<br />thereof; including, but not limited to. heating and cooImg equipment and such personal property that is attached to the
<br />impr<m!ments so as to constitute a fixture; all of which, includmg "'placem..nls and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of this Mortgage and all of the foregoing !wing referred to herein as the
<br />"Property" ,
<br />
<br />Mortgagor fUl'tber oonv..nants and agret'S, with Mortgagee, as follows:
<br />
<br />1. Payment. To pay the indebtedness and the IDle""t thereon as prOVIded in this Mortgage and the Note,
<br />
<br />2. Title. Mortgagor is the own..r of the PrOpl'rty, has lh,' nght and autho,ilY to mortgagt' the Property, and
<br />warrants that the lien ereated hereby. is a first and prior lien on ,he Property. "xc<'Pt as may otherwisP be set forth herein.
<br />
<br />o The Property is subject to a Mortgage wh~relll
<br />
<br />is the Mortga~, recordt'll at Book ___ , Page __._ "r th., Mor41agt' Records of ___ _ County,
<br />Nebraska, which Mortpge is a lien prior to the lien "'~aH'd h~",b\'.
<br />
<br />o Other prior liens or ..ncumbranCt'>: _._
<br />
<br />
<br />3. Ta:ltes. ~Ia. To pay when due all tax.... special as.....ssments and all other Charges against the Property
<br />and,npon.written demand by Mortpgee. to add to the payments required under tilt. Note secured he....by, such amount as
<br />maybe sufficient to enable the Mortgagee to pa)' such la."lI'S, .......ments or other ~hargt'S as they become due,
<br />
<br />4, m-.. To keep {h.. improwmenls now Of hereafter located on the real e.tate described herein insured
<br />apiI1at~by 1ire and such other haards ... Morl&agee may ....quire, in amounts and with compani.. a<:<.'Cptableto the
<br />~ and :witb ">os payab/e' to the Mortgaget', In Cll>C ,)f 10S!; under such policies the Mortgagee is authorized to
<br />adjust, ,col. and: f:Ol1lPromJse, in it> discrfoLion, aU claims th......under at its sol.. option, authori""d to either apply th..
<br />~. te the m;tarMioo of the Property or upon tll.. ind..btedness ...eured hereby, but payments hereunder shall con-
<br />~'. \lAtiI the _l1l!ClIIedbereby are. paid in full,
<br />
<br />. S.O&crowFclr Tues.aQd Jnmnnee. Notwithstanding anything contained inparagrapbs 3 and 4 hereof to the
<br />~,~sItalIpay to the ~ atth.. time of paying.the montltly.installmentsofprincipaland.interest,
<br />~l\'.Nlof:Ultl~HIly\Ue&,_ts, humlinSlllance premiwns; andgound I't'nts(if any) whieb may a1.tala a
<br />~~~~.,.a..,~fjiti~ from. lime to lime by the Mo~. Thtumountsso paid shall be
<br />1l1Itld,l>ttllit ~ ~t iJlUl'estaQd applied to the payml'llt of the items in respect to which such amounts Wele
<br />.~..l\IlJ......tl&i4to.,~. ~.1IIt'. ph!dged.ll5 .additiOUlll'Sl'Writy rorthe.indebtednea seeuredby this
<br />~~..,w~'tbe_,",orllllYdfl'l~ ~t_ tlte actual lUtl$, _ms, 11l8U_
<br />~1!Iil'~ Mta. and dledtposltsh~r within 10 days aftt'l'de_d is~dt> upon MOltpf:Ir reque&tlnt
<br />.N"'~
<br />
<br />",~t"ttumll_p... To ptQl!\pUy"'pair, ..tere or l'\'hIIild any build!Dasur improvements IWW or
<br />~8lI!c-~f'.~lIftr!tb ~in,~ QOOditlol\ .and l<'Pllt. ...1tltout...aote, IUJd r- from mecllank'lI Qr
<br />..~_~~\O the I~h~r; nollomak<l,surrer or potrmit anl' l\U~ to "lllst, nor to dimin,
<br />..,. _tmpIIlftbt> .... otllMr.~lf by aJllf aet or ~0tI .10 act; and to <_ply with .11 ",qu~lllt>nl$ or law with
<br />lWfIlct&ol.lil!:~,
<br />
|