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<br />83-e04344
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<br />MORTGAGE
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<br />This Mortgag~ is entered into betw~en JW, F. WIlSON and ~1AIUANNE WIISON, Husband and
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<br />,Wife, . as joint. tenants and not as tenants in .ccmnon (herein "Mortgagor") and
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<br />Nebraska (h~rein "Mortgagee ").
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<br />Mortgs.gor.isind~bted to Mortgage~ in th~ principal sum of $ 30, 000. 00 , evidenced by Mortgagor'snote
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<br />August ..15. 1983 (herein "Note") providing for payments of principal and interest, witb the balance of the
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<br />'~.~~~. . e! p'8id, due and payable on August 15, 1986
<br />"-;~:__."-: _ .:_....~7, -~'.;'J- J "__-"".~,
<br />, ,', ., . ..' J'ci'i~~Ure'fh ',,"'lInt&f the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />adviuieed'by Mtlrtgageecto P!otect the 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 d~scribed
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<br />property located in
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<br />Hall
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<br />County, Nebraska:
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<br />Lot Five (5) in Block Ten (10) in H. G. Clark's Addition
<br />to the City of Grand Island, Hall County, Nebraska.
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<br />Transfer of Property, If all or any part of the Property or any interest of
<br />Mortgagor therein is sold, transferred or further encumbered without the express
<br />written consent of the /.brtgagee, /.brtgagee may, at its sole option, declare all
<br />sums secured by this lIDrtgage to be :inJrediately due and payable.
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<br />Together with all buildings, improvements. fixtures. streelS. alleys. passageways, l'aSl'menlS, rights, privileges and
<br />appurtenances . located thereon or in anywise pertaining thereto. and the I'\'n t; ISSU"S and profits. reversions and remainders
<br />thereof; including, but not limited to, heating and cooling equipment and such p<>rsonal prop<>rty that is attached to the
<br />improvements so as to constitute a fixture; all of which. including replac'ements 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 being referred to herein as the
<br />"Property" .
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<br />Mortgagor further convenants and agrees. with Mortgagee. as follows:
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<br />1. Payment. To pay the indebtedness and the inten'stthereoll as provided III this Mortgage and the Note.
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<br />2. Title. Mortgagor is the owner of the Prop<>rty. has the right and authorit) to mortgage the Prop<>rty. and
<br />warrants that the lien created hereby is a first and prior lien 011 the Prop<>rt) . ""c'ept as may otherwise be set forth herein.
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<br />o The Property is subject to a Mortgage wherein
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<br />is the Mortgagee, recorded at Book _.". . Page. "r the Mort~a~" Records of ,. ..__.._____.,_ County,
<br />Nebraska, which Mortgage is a lien prior to the hen e",ato'd hl'n'b)
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<br />o Other prior liens or encumbrances:
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<br />3. Taxes, A$sesaments. To pay when due all taxes. special asst'ssmenlS and all other charg... against the Property
<br />and, upon written demand by Mortgagee, to add to tht? payments required under the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
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<br />4. Insurance. To keep tht? improvemt?nts now or hen'after located on the real estate described he",in insured
<br />against damage by fire and such ot/ler huards as Mortgagee may require. in amounts and with companies a('ceptabl.. LO the
<br />Mortgagee, and with loss payablt? to the Mortgagee. In case of loss under such policies the Mortgagee is aulhorized to
<br />adjllst.., colIec.t and compromise, in its discretion, all claims th..reunder at its sole option, amhori;",d to eith..r apply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con.
<br />tiPue until the sums secured hereby are paid in full.
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<br />l>. 0 E9ct0w For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof 10 the
<br />C()n~,Mortgagorshall pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one.tWeUthof the Yl'3r:1Y. taxes, ~ents, hazard insurance premiulrui, and ground rents (if any) which may attain a
<br />~ril,Y oYer this Mortgage, all as. re8$<:lRably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />h!!i.d"by .the. M(lliCalJee Witboui in~t and applied to the paymenl of the items in resp<>d to which such amounts were
<br />d,e~,ti><:l,'l'b.t',SUI!lS paid t(l MOrtgag~ h\!reunder are pledged as .additional security for tht? indebtedness secured by this
<br />"()naace~\{ortga&<>rshall pay toMortpget' the amount of anY deficiency between the actual taxes, assessm.'nts, insurance
<br />prtI~Ul1\&, and. ground rents and the deposits bert?under within 10 days after demand is mad.. upon Mortgagor requesting
<br />plYmem. th\!rt'ol'.
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<br />6,<~il',Main~llce and U... To prompUy",pair. resto", or rebuild any buildings or improver""nts nQw or
<br />betell1te,r,oothe. Proptrty; to Iwep I,h\! Ptoperty in good condition and repair, without waslt'. and free from mechanic's or
<br />otbllflitl}1snpt expte$$ly subordinated to the lien helllOf; Dot to make, suffer or }Wrmit any nuisant'e to "xist, nor to dinlln.
<br />ish or impair tbevalue of the. hI/petty by any act Of om!slion to ltCt; a.nd to comply with .Ul\,qulrement.s of law WIth
<br />mlled to thl!Pfoperty,
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