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<br />MORTGAGE
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<br />83-00272<5
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<br />Tbls Mortgage is entered into between
<br />and Wif~
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<br />The OVerland National:sank of Grand
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<br />.-:~.,
<br />Daniel Cbnzales and Cordy Cbhzales,. Husband.
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<br />(herein :"Mcrtgagor'~) and
<br />Island,. Grand Island, Nebr~herein "Mortgagee").
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<br />Mortgagor isindebtedtc Mortgagee In the principal sum of $13,774.62
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<br />, evidenced by Mortgagor's note
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<br />dated MaY" 31" 1983 . (bereln"Note") providi:t\g for payments of principal and interest, with the balance of the'
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<br />indebtedness; if not sooner paid, due and payable on June .15, 1987
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<br />To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with'intemt.
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the followingdescrib<id
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<br />property located In _----,Ha;!].___... County, Nebraska:
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<br />LDt Six (6), Block 'l\vo (2) Harm's Second Addition to the City
<br />of Grand Island, Nebraska, except the South Eight Feet (8') of
<br />the Easterly Sixty Feet (60') of LDt Six (6) in Block Two (2)
<br />in Hann's Second Addition.
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<br />Together with all building,;. improvI'm,'nk'. i1xtures. streets. alleys. passageways, ,'as.menls. rigbts, privileges and
<br />appurtenances located tbereon or in anywise perlaiUlng tht'relo. WId the rt'nb bsUt':-, and profiL'i.. reversions and remainders
<br />there<>f; including, but not limited to, heating and cooling "quipnwnt and such personal property that is attached to the
<br />inJprovements so as to "onstitute a fixturt'; all of whi"h. ,",",udmg "'plnn'mt'nls and additions thereto, is hereby declared
<br />to be a part of the real estate s,'Cured by the lien of thi.' Mortgage and all of thl' fort'going bl'ing referred t.o herein as the
<br />"ProperlY" ,
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<br />Mortgagor further eonvenan~' and agrees, w,th MOrlgag"t.. '" rollows:
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<br />1. Payment, To pay the indebtednes, and Ihe m!e'e,l lh,'".,,,, "' prOVided m thIS Mortgage and ihe Note,
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<br />2. Title. Mortgagor is the owner of lh,' Prop,'rlY. ha, th,' fight alld authority 10 mortgage the Property, and
<br />warrants that the Hen cJ1I'aled hen>by is a first and prior IWIl un t-ht. f)ropNty. I'XCl'Pl a~ may oth{'rwise be set forth herein.
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<br />[J The Property is subject to a Mortgag" whemlo
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<br />is the Mortgagee, recorded at !look "" _,,__ . Pag" or tl... Mortgag" Ih'Cords of
<br />Nebf8Ska, which Mortgage is a lien prlor to tht, heu ('n>ilh'd hl'H'by.
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<br />._"'___ County.
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<br />o Other prlQr liens or encumbran,,'s:
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<br />3. Taxl!!l,. ~nts. To pay whl'n du" all taxes. special asst'SSn1enk' and all othN charges against the. Property
<br />tujd. upon written demand b)' Mortgagee. io add to the paym"n~, required unde, ihe Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such laxes, assessment' or oth,,, charges as they bt>come due.
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<br />oL 1l1$Ul'aIlce. To ke~p the improVelnt.'Hts now or h(~reafter located on the n~al estat.e dl"SCribed herein insured
<br />~t damageby lire and such otber hazards as Mortgagee may rt'quire, in amounls and wilh companies acct'pt.abl,' to the
<br />MQrtgagee, aIId with loss payable totbe Mortgagee. In CBS" of loss under such policies the Mortgagee Is authorized to
<br />adjust, collect andcomprolUise, in its discretion, aU <:Ialms thereunder at ik' ",Ie option, authorized to either apply the
<br />l'fOCl'llds to there.toration Qf tbe Property orupon the' indebtedness secured herehy. but payments hereunder shall con.
<br />tinue unt.ll thUUntli Jlecuredbereby atllpaidinfull.
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<br />5, 0 ~.<<owF'W:.l'~...tujd (1ll;Ulanc<>. NQtwitbstanding anythlngcont.ained in Paragraph. 3 and 4 hereof to the
<br />C9I1t~,M~or~ha\l,pay.~.the Mortgagee lit tbe time of paying the monthly inst<<llmellls of principal and interest,
<br />~t!"Ic"1e.lfth~ llleY;l~Y ~,,,",,$llIpll.n\:;, hazard lnsuran"e pre~iums, and ground rents jif any) wbich !\lay attain a
<br />PJ'!'.>Iity~~rt~~~n~,a\I,W'~llPly...fimatedfrolll time tn time by the ~1l>rtgagee, The amounts so paid shall be
<br />tw~I*~' M~~ ..JtPollt j,\<<;~i1$t and ~Ied to the plI.'iment of the items ill respett to whicll such amounts were
<br />~~1:II<>Sll!llJlP3ilf tO~~be",unQe~.afC pledged as additional securily for the indebtedness secured by this
<br />14n . . payro M~ theami>"l1t "(lilt)' defieUoncybetw""n th.. actual taxes, assess~enls, insurance
<br />fs,.andth!id<.!JX"ilQihereunder within 10 day. afier dl'malld is made UpOll Mortgugor r"'luesting
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<br />.~.~~t.M~a!Id U..... ToptomJltly repair, r...iore or rehuild any buildmgs or imP"lVem""i>< now or
<br />lJ.ool'tiIifl!l1""tlWhuperl:nw~p €he Property in. 1l00d t"Qlldition and repair. without waste, and free from mechanic'.or
<br />.t~~1!lI~Y l<IIlH>nlillilWd. tQ lbelJen.ben"Jf; nollo rIllIk<;, mff,,' or p"rmil any nUl"""'''' to exist. Ill)f to dimm.
<br />l!lfl0l' '~l(il>" ~\I>t",Oil<<! Projll'rty lly any. .ilel 0' "~i(Jll. to lIct; ."d to ,'Omply with .lIrequiremellts of IlIw with
<br />~H<l t.~~rty,
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