<br />I
<br />
<br />MORTGAGE
<br />
<br />83,;;;. 005 j J 2.
<br />
<br />
<br />'!'hi,s Mortgage is entered intob\!tWl't'b !Xl\.UI;las L. Crumrine and Cynthia H.., Cnmrine '.Hus~d'a1i!i
<br />Wi:fe, and . Lawrence G. CmlIrine. and . lois A: . Crt.mrine, HUSband. and Wife . (hereiJi"Mortg8goi'iran~!; .
<br />
<br />~OVERLAND NATICNAL BANK OF GRAND ISIAND, GRAND ISI.AND, NEBRASKA ..... ... ....
<br />... ......... ........ ..' ......... (hereiri:'M~~,;');,i
<br />
<br />Mortgagor is indebted to Mortgagee in 1M prineipaJ sum of $ 110,000. 00 ,eJfdenced:by MOrt~or's~p~/ ',"
<br />
<br />dlIted Septeaber 2,l~erein "Note") providing for payments of princiPal and inteiest,withtbi!;b~ ~l~e-
<br />
<br />i/ldebw<in....,if not soollt!T paid, due and payable on SePt. 15, 1993
<br />
<br />To seCUre the payment otthe Note, wlth interl!Stas provided therein, the payment of a\lather sumll,witlf iriteresf;' ...
<br />adoanced by Mortgagee to prote<:t the security of this Mortgage, and theperfonnance otthe covemints.ari? ~ment8Of'
<br />1M Mortgagor contained hemin, MOrtgagor dGel; bereby mottgage aodconvey to Mortgagee the followill.'~bIld '
<br />
<br />property. located in __~~___ County, Nebraska: .
<br />
<br />
<br />Lot TII.o (2), Argo Fifth Subdivision, an Addition to AIda,
<br />Hall County, Nebraska.
<br />
<br />
<br />Transfer of Property. If all or any part of the Property or any interest of M:>rtgagor
<br />therein is sold. transferred or further encumbered without the express writi;enOOl)Sellt
<br />of the I.brtgageE., Mortgagee may, at its sole option, declare all sums secured<by this
<br />nnrtgage to be iIlnEdiately due and payable.
<br />
<br />Togeth.r with aU butldings. Improvemenl>. fixlure.. .treets. aUey.. passageways. .....m..nlS. riKh~,. privil.gesand
<br />appurtenances located thereon or in anywist" pertaining th{,Teto. and tht' n'nt~ iSSUt'S nnd profits~_re\'ersions arid teniainders
<br />thereof; including, bulnollimited 10. tleating and cooling .qulpm.nl a"d such Jlf'rsonal proJlf'rly Ihatts attached to 1M
<br />imp."vem"nts so .. to COfllltllule a fixture; Kll of whim. includmK repla..,men~ and .ddillons thereto, Is hereby declared
<br />to be a part of the real ..tate secured hy Ihe li.n of thIS MortKage and all of Ihe foregoing being ref"rred lu,he...in as the
<br />"ProJlf'rty" .
<br />
<br />Mortpgor furth.r conyenanlS and ag...",. Wllh Mongag.....' folio",,,
<br />
<br />L Payme"t.. To pay th~ indeblPdness and th\' inh""-'~t tht>(('ol1 b pro\'i<k>d in this Mottgagf and the Note~
<br />
<br />:L Ti"", Mortgagor i. the owner of lb. ProJlf'rty. h.. th.. nghl and aUlhorilY 10 morlgagelhe Properly, and
<br />warrants that the- lien created ht'"reby is a IIrst and prior h~n on lht' Propt.>rty. ('Xl't'pt as may otherwise be set forth he_rein.
<br />
<br />00 11.. Property i. .ubje<:t to a Mortgage wherem. '!l:!E OVEH1AlIlDJiAT:(Q!%kJ?ANK €E,.Q1W'IIL.lSL8l':ID
<br />~nt No. 80-005063
<br />is the Mo~. .....orded al ~ 01 .h. Morlga~' Rvcords of ,_....Hal.l.-, ..___County.
<br />Nebraska, wbich MongBl!" i. a Ii"" prior 10 the h.n .",au'd hereb)
<br />
<br />o Other prior liens or t'n<:umbrance-s:
<br />
<br />
<br />3. Taxes, AsiessmoJl,b. To pay when due alllaxes. spedal .......menL' and all oth.r charJ!t'" against Ihe ProJlf'rty
<br />an4, upllJ\wrltlen denwul. by MC)rtgagee, 10 add 10 lhe paymenls ....quired under the Nole secured hereby, such amount..
<br />l!Jllybe $lIflillienl.to enable the Mortgagee to pay .uch I"""s. .......m.nl> or other charg.s as Ihey become due,
<br />
<br />4. IDSUr8l\ce.. To keep Ihe improvements now or be",..!ler 1Ot.'&ted on Ihe real estate described herein Insured
<br />~t da~by !ire and such other hazards.. Morlgag<-emay require. in amounls and wilb compaJlie. .c"epl.bl.lo Ih.
<br />~, and. with 1080 ,paYable lu the MC)ftgagee. Ioc,"", of . loss under such polieies the Mortgagee is autboriz.d to
<br />adJU$t. collect and compromioe. in its discretiOll, aU dail115 thereUnder at ils .ole opllon,. authoriz.d to ...her apply tbe
<br />~. to i". MiOlatl<>n C)f the ~ny or upon th.. lndebte<\neliS ...cur.d hereby. but payments h.reunder shall.con.
<br />t.\n..., until ~lwi_-.red b"rebY are paid in rulL
<br />
<br />:>.0 ~,..F",,~.nd Insurance, Not\Villtitandillfl, anything contained in paragraphs 3 and 4 b.reof to the
<br />C<Jn!-!'UY,.~'ballpay loth.,.)lortJlagee a.t 1M time of paying the mOlllhJy illstallmenl> of principal andinteresl.
<br />~~'6l'IIleY~'Iaxl!$' ~nts,.ItuaJdInsu"""'.. premiums. and ground rents (if any) which may attain a
<br />~<wwthlS~, all._ reasc>nably t>$timated ftolll.lime tOlim. by Ihe Mortgagee, 'I'll. .mounts so paid sball be
<br />J;.Il4\ll>'the..~ filth'!"t 111tet:&at811d.aPl'fiedto thepaymenl of th.e It.ms In reo)l<<:lln wbichsneb amounli were
<br />4it~~~~ pailSIo M~lwttMlllder_ple(\&Il.das additiOllal r.ecutit). for the indebted"".. secured by tbis
<br />~;~<.lI'~tmy w~ .!healtlount .C)t .ny de!lcie'lcy f;lelw....n the aetual.l8X.., ....-..menu.. i""uran""
<br />~.llW,JitlUlld f.ClllS. andth. dllposi~ ben.ull;der within 10 .dlIy. after.d<>mand is mad!' upon Mortgagor roque.lIng
<br />~Illil'nl~t .
<br />
<br />. 6.:~~~Md.1Jae.. '1'0 ~Uyrtlpll.ir, ""'tore. or rebuild an)' bulldinjli or imlnovemeuls I\C)W C)r
<br />~$QO~,~t.Yll<>.~ \ke,~1Jty iIl.00dc;qn4ition'.ndropalr, ",ltbou,1 ....te, and free from lllecbanlc'. or
<br />~~.1l<lt.J!:~.1i1>olillllll.l<dklt,ll"lWn b.'C\lf;nj),t!.Q mUa,lIUfft"f or ll"nnllany nwsan"" 10 exi.l. nOf'" dltnin.
<br />lIII...I.~)f~ Q( the~""'rty b)' anYllClt orllUl"",Oll 10 art; and tu cOU1P!y with all "''l,nlemenu or la.. wilb
<br />~.I<>.\Il<>lWll"rty,. .
<br />
|