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<br />I
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<br />ag~ OD5411
<br />MORTGAGE
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<br />JOHN W. NOLAN and VERA A. IDLAN, Husband and
<br />
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<br />'1HJ;:Ovj;:ai.ANnN4TTONAi: RANKOF' GRAND rsTANJ),Grancl. T",landi
<br />Morl:gagor is indebted t<> Mortgagee in the principal sumot$ 10,500.00, evidenced by Mortgagor's note
<br />..~._~Ober .3',.1983 . (herein UNote") providing for payments of princlpaland Interest; with the balal1ce ot:the
<br />~ .' _. 'tllOO~Pfld; du.and payable on October 10, 1988
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<br />"', '* ~f the Note, with interest as provided therein; the payment of all other swils, witbcinterest,
<br />advance. . 'Mo~-t&preteCtthesecurity of thiS Mortgage, and the performance of the covenants. and agreements.of
<br />tile Mortgagor, contained, herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />
<br />Hall
<br />
<br />property located In
<br />
<br />County, Nebraska:
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<br />
<br />Ints Seven (7), Eight (8), and Nine (9) in Block 'lWenty-Seven (27)
<br />in the Original Town of Wood River; Hall (bunty, Nebraska
<br />
<br />AND
<br />
<br />lots Ten (10), Eleven (11) and 'lWelve (12) in Block Twenty-Seven (27)
<br />in the Original Town of Wood River, Hall (bunty, Nebraska.
<br />
<br />Trlll\Sfer of Property. If all or any part of the Property or any interest of
<br />M:>rt@l.gOr . therein is. sold,. transferred. or further encumbered. without the express
<br />written consent of the Mortagee, Mortgagee may, at its sole option, declare all
<br />stIllE secured by this 1brtgage to be inmediately due and payable.
<br />
<br />Togeth~r with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, andthe rents, issues and profits, reversions and remainders
<br />thereof; including, llut not limlted to, heating and Cooling equipment and such personal property that ls:a~edto the
<br />improvelD.entsso'Os to constitute a fixture; all of which, including replacements and additions thereto, is Ji"""liydeclared
<br />to.be a part of the real estate secured by the lien of this Mortgage and all of the foregoing being refened to herein as the
<br />uProperty" .
<br />
<br />Mortgagorf'urther CODvenants and agrees, with Mortgagee; as follows:
<br />
<br />1. Payment; To pay the indebtedness and the interest thereOl~ as providedin thiS Mnrtgage and the Note.
<br />
<br />2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants lhattbe lien createdherehy is a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />
<br />o . The Property is subject to a Mortgage wherein
<br />
<br />iSthe;MOrlgagJle, recorded atBOOk._ ,Page _ of the Mortgage Records of
<br />N.IlI:asl\a. which Mortgage is a lien prior to the lien created .hereby.
<br />
<br />County,
<br />
<br />
<br />o 'Other.Prlor liens or encumbrances:
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<br />3:. TaQs;~ents. TOl'llywhen. due.all tal<es,special BsseSSlDents andall.other ci1argesagalnst the PrQperty
<br />,. ""d,U~ILwrliten ~li'by Mortgagce,t()add to. tbe payine,!-ts requjll1dunder the Notesecurelihereby ,such amount,as
<br />Jilliy, .1:Ml~ufflcierit tQel1llbl<> the Mortga... gee to pay such. lal<es, ~IDents. or other. chlll"gesas.they becODle due.
<br />. . '.'" .- .'- " .'- - - ." ' - - ~
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<br />..4;'.~..' 'rokeeptheimprovementsnow orhereafier l\)cated on the real es14tedescrlj>ed herein insured
<br />. "~i'!'J~~~'tbYcfire,andsuch l'ti!erhaz,aros""Mortgag!"'. may require, inam9l!nts!!Dd with. COIDPanie$ acceptable.tothe.
<br />. - --- '~^:',~M~~~",U,i;L\1!ith-{,~os(;, ~yable_:-_tO '~e,>_MO~~gee: ~Iri:~:case;of:-Jos~uIJlder s~uili policies ,the, Mortgagee,.m authorized to
<br />8.(ji~;.,coII~t. andcolDpl,Omise;inits;dlscretion; alI..~ tIIelI1uuderapta sole. option, authorized to.eitherappIy the
<br />';. . ....j~~>>tjJ~lelItoratiOl\;,of.th.e. ~ Orl!llf>'~ ,thejndebtetln.ess secured hell1by, but payments hereunder shall con.
<br />'. ".,til\iw;.ll:Iliu;t!(es\uli$~I>e~y';lII'l1,Plii.lij!ll'\lIl;
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<br />''1:,.>,..,
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<br />'. .. ......... . ....~~;~~,~(!It,~!I~.~.prolD~repajirl'l18tOJe .or. rebuild any, bl!iIdinfll< or improvements .nowor
<br />c. ..;~.'1Jl,.~i~~;.tp.~~:l\1~'~;~~COIldjijoJi,,,,,d~, without.wute,and.fI'l1e.from mechanic's or
<br />'~~AAI)~~j.~~}Ji!I!,be~,ul>t.~,ma,ke, sl!Yer orpermlt any nuisance to exist, nor to dlmin.
<br />.~:~llll~tl!!l;~ Qtti!e,~~.by.a!IY,lu,ltot.~ppto 4llt; an!lto compIywlth allrequlremeuts ofIaw with
<br />~lI>.ltle;~1Illny.;.' '.. .'
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