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<br />MoxTCi~
<br />--{)i10643
<br />1)ebi~(ortga[eis'entered-intohetnieett .Darrel E.. Schwaderer and Carntett D. Gaffey'
<br />_~ (nAw C8 rmen D. SCttbi;tde r_e r ). fius band . and w i f e ~y i~~n_...~ ~
<br />Five Yo#tCS-.Bank ~~ „~~„}.
<br />Martgagor is indebted to- Mortgagee in the principal sum of $~-~ S 56:14 ,evidenced by Hortpgcah Dote
<br />dried 1 ~ 31 ~ 84 {herein "Note") providing tqr payments of:principal and intetxat: with the Delartca M the
<br />indebtedness, if not sooner paid, due and payable on_ 1 ~ 31 j $ 6
<br />To secure the payment of the Note, with inteteat.as..provided tltetsin, the- plryment of all-other soma, with interest, - -
<br />advaneed by Mortgagee w: protect the security of tltia MorCgage, sod the peKonnance oCtdB dovaiUttta and agtwnaop of
<br />the Mortgagor contained herein, Mottgago'r does hereby moRga{e-and~convayta-~MUKpig~se-Yhetdlowin~.daaerlbsd -
<br />ProPertY located in 'Ha'12, "Couhty, Nebraska:
<br />Lotra >~'y~2 in Block 2 of Harrison's Subdivision of .the
<br />Southwest Quarter of the Southeast Quarter of 5ectoii-$;
<br />Township 11, North of Range 9, West of the 6th P. M.,
<br />Hall County, Nebraska
<br />Together with all buildings, improvements, Pxtures, streets, alleys, passageways, easements, rights, privileges-and-
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents. issues and profits, reversions sari remainders
<br />thereof; including, but not limited to, heating end cooling equipment and such personal property that is attached to'thr~
<br />improvements so as to constitute a fixture; alt of which, including replacements and additions thereto, is hereby derdared
<br />to be a part of the reel estate secured by the lien of Lhis Mortgage and all of the foregoing being referred to herein as he
<br />..property".
<br />Mortgagor further rnnvenants and agrees, with Mortgagee, as follows:
<br />1. Pryment. To 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 />warrants that the {ten created hereby is a first and prior lien on the Property, ext~ept as may otherwise be set forth herein.
<br />^ The Property u ;object to a Mortgage wherein __ _.
<br />is the Mortgagee, recorded at Book _.___ ,Page --.__..._._ of the Mortgage Records of __ County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />Q Other print liens or encumbrances: , _- __
<br />3. Taws, As~rntents. 'fo pay when due alt taxes, special assessments and all other charges against the Property
<br />and, upon written detnand by Mortgagee, Lo add to the payments required under the Note secured hereby, such amount as
<br />may. be wf6cient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4, lntturance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against.damage by Gre and such other hazards as Mortgagee may require, in amounts and with companies acceptable to Lhe
<br />Murtgyiee; and. with lass payable to the Mortgagee. In ease of bss under such policies the Mortgagee is authorized to
<br />adjust, collect and cotnp[omise, in its discretion, ail claims thereunder at its sole option, authorized to either apply the
<br />proweda to the- restoration of the Property yr upon the indebtedness secured hereby, but payments hereunder shall eon-
<br />tinnie- unfit {ire suats secured berehy ate paid in full,
<br />5; ~ )ecrois For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />Contrary;-MOrtWgor shall pay to the Mortgagee at the time of paying the monthly installments of principal end interest,
<br />oneiwdtth of the- yeady taxes, assessments, hazard insurance premiums, and ground rnnts of any) which may attain a
<br />priority aver`tttis Meartyage, alt as teasaubly estima#ed from time to time by the Mortgagee. l'he amounts so paid shall be
<br />held ~hy flee Mgr#p(ae- withpat Interest and applied to the payment a[ the items in respect to which such amounts were
<br />drpasitrd. 'lbe soma paid to Mortgagee hereunder are pledged as additional serunty for the indebtedness secured by this
<br />ltlortaagr. Moetpgoraluil pay to Motyagee-the amounE of any deficiency between the actual taxes, assessments, insurance
<br />ptieetiann and ttn?und xenta and the deposits herettnder within 1t1 days after demand is made upon Mortgagor requesting
<br />payttrettt tbeseof.
<br />g~ Rs-ap: Wiese and flee. To promptly repair, mstom or rrbudd any buildingx or improvements new or
<br />hrmtttMr oat thv Property, to keep ibe Property in goad rendition-and repair, without waste, and free tram mt~>'ttank's or
<br />taikilttitna net expratsty-. sabordtneted W the flan hereof; net to make, suffer or permit any nuisance to exist, nor to d[min-
<br />ish or inrpatr lieu value of the Property bye any act or omireian t{> art; and to ramply° with all requirements of law with
<br />ra>iprcd ua the iTOprrty.
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