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<br />MORTGAGE
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<br />83- 004379
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<br />T!1is Mortgage.is. entered Into between
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<br />GF.RA Tn w . TONF..": ,inri ffii A RON R
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<br />.TClJ\WH
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<br />Husband and. Wife (berein"Mortgagor'') 8Jld
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<br />mOVERLAND NATIONAL BANK O:PGRAND ISLAND. Grand Island. Nebraska (herein "Ml)rtgagee").
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<br />Mortgligoris indebted to Mortgagee In the principal sum of II; 17.901.34 ,evidencedbyltfortgagor'snotll
<br />AUg. 12, 1983
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<br />(herein "Note") providing for payments of principal andintlirest, with the balanc:eo~tIie'
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<br />indebtedness,if not sooner paid, due and payable on Ang' 1 h. 1 AAR
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<br />To seeurethepayment oftheN(1te, with interest as provided therein, the payment of all otber sums, with Interest;
<br />adVanced ,by A4:9rt~; to',protect the security of this Mortgage, and the performance of the covenants and agreements (If
<br />the Mortpg.Qt:~~~,!l.ereln;'M~r does bereby mortgage and convey to Mortgagee the followingdescrtbed
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<br />property located in Hall County, Nebraska:
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<br />The Easterly Sixteen (16) :Peet of Lot Three (3) and all of
<br />Lot Tho (2) in Block Eight (8) in Arnold Place, City of
<br />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 />M:>rtgagor therein is sold, transferred or further encumbered without the express
<br />written consent of the M:>rtgagee, M:>rtgagee may, at its sole option, declare all
<br />stnnS secured by this M:>rtgage to be :in1rediately due and payable.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances loCated thereon or in anywise pertaining thereto, and the rents. issues and profits, revelSionsand remalndelS
<br />thereof; including; but not limited to, heating and cooling equipment and such pelSonal property that is attached to the
<br />improvements so as to constitute a fixture; all of which, including replacements and additions thereto, is bereby declared
<br />to be a part of the real estate secured by the lien of tbis Mortgage and all of the foregoing being referred to herein as the
<br />uPropertY" .
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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 intere:.'t thereon as provided in this Mortgage and the Note.
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<br />2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants that the lien created hereby is a fiISt and prior lien on the Property, except as may otherwise be set forth herein.
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<br />o Tbe Property is subject to a Mortgage wherein
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<br />is the Mortgagee, recorded at Book , Page of the Mortgage Records of
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
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<br />County,
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<br />o Other prior liens or encumbrances:
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<br />3. ~ Assessments. To pay when due all taxes, special assessments and all other charges against the Property
<br />8Jld" uJlQ!l written demand by Mortgagee, to add to the 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.~ce. To keep the improvements now or hereafter located on the real estate described herein insured
<br />agllin$t ~by lire and such .other hazards as Mortgagee may require, In amounts and with c:ompanies acceptable to the
<br />~ and'witbloss.payableto the Mortgagee.. ]n.case.of loss under such policies the,Mortgageeisauthorlud to
<br />adiUst,;clill!lct ~d compromise, !nits discretion, all claims thereunder at its sole option, authorized to eitherapply the
<br />~to ,the. ~flItion of thel'roperty oruJIQ!l the indebtedness secured hereby ,but payments bereunder shall con.
<br />tinue .1lt1til ~SUllI& secured bmbyare.paIdln Cull
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<br />Ii, q ~wJ\,Qf.Taxes~d ~. Notwithstanding Ilnythlng contained in Plllllgrapbs 3 and 4 bereof to the
<br />. . C!@~)~~pay l<i. tbeMo~~ at tbe time of paying the monthly installmepts oC principal and interest,
<br />~.t ,(t!! ot )!!!, Y~~\lS' ~~ ilazardjnsul'l\l\9I! prell1iums, and,ground renbl. (if any) wbich mllY aLtalull
<br />(W\l(~ili .~. all \lSreasQn&bly estimated b'~ time to time by the Mortgagee. Tbe amounts so paid ~hall be
<br />. '. ", w,~~In,~~,and;IlPR1ied t!>the payrnent oftbe itell1S in respect to which such amounts were
<br />D.:J$PM~tO.~herll\1lld,et.are p\4l<Iceduaddltional5e1lurlty Cor the indebtedness secured by this
<br />;, ~~lI!l mwM~ the ,~o~toC ~y dellclency between theac;tualtaxes, assessments, Insurance
<br />.'.~. .'. .,. "" ,;,n:~1Il1d ~'*. Iltldthe del/Ollitshilreund,e~ within. 10 day$. a(terdemand is made UJlQ!l Mortgagor requesting
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<br />,.' ...... ....~~aiji~~dv.e!. %.pt(lt1lp$ly~paIr,rel!tore()r rebuild any buildings or Improvements n()w or
<br />'~~~.on:~l't<)~;to ..~P,tbe~~.ln:C~conditlon and repair, without wpte, and free from mechanic's or
<br />Otl!,&y;~;n<U'~y~~~~dW ~lilInllereoC; n~to make' suffer orpermit lIny nuisance. to exist, nor to dimln.
<br />~., J)~ ..~.~e;"l\1e 'Of the . Pro~rty. bY~y tu:t .ot oiniSslon.to Jlct;and. to comply with all requitements of law with
<br />_~totbll~!l\lrty.
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