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<br />MORTGAGE
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<br />83- OG641C
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<br />Thl.s Mortgage Is entmed Into between aIARLES D. OCSSELMAN. a married person
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<br />(berein"Mortgagor") /IIld
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<br />mEOVERLAtID NATlOOAL BANK OF GR.4ND ISLAND Grand Islann, NehmAAa (herein "Mol:tptee"j.
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<br />Mortgapisimlebted to Mortgagee III the pnnclpalsum of$177. 500.00 ,evld!mced by Mortg8gor'snote
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<br />dated Decanber 7, 1983 (btneIn"NoteU) piovidlngfor payments ofprinclpalandintetest, with the balance of,the
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<br />Indebtedness, If not sooner paid, due and payable on Decenber 5, 1986
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<br />To semre the payment of the Note, with interest as provided therein, the payment of aU other sums, with Interest,
<br />adymced. by Mo~ to protect the security of this Mortgage, and the perlOl1llllilee of the COYenanta and agreements ot
<br />theMortpaor conlldned,bfireln, MortgIIgor does berebymorlgageand convey to Mortpglle-tbefolJowlngdescrlbed
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<br />propertyloeated In Hall County, Nebraska:
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<br />Lots 1\venty-Six (26) and Thenty-Seveo (27) in Wilcl\WX>d
<br />Sul:xiiv-ision, Hall County, Nebra..ska.
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<br />i\'ID
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<br />lDt Eighteen (18) in Wildv.ood Subidi vions, Hall
<br />Omnty, Nebra..ska.
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<br />Transfer Hi Property. If all or any part of t'he Property or any interest of
<br />furtgngor therein is so Id, transferred or f1.1rther enCUlroored wi 1.110111. the express
<br />\\Ti1.ten.ronsent of the Mortgagee, Mortgagee rray, at its sole option, declare all
<br />SlIlE secured mr this ~brtgage to beirrrlediately dIe and payable.
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<br />'focetber with aU buildinllS, improvemenll, fixtu...., streets, alleys, pusageways. easements, rights, privileges and
<br />~ locat.ed lhetron or in any_ perlaining therelo, and the renlS, issues and profits, ....vemOI\ll and rvmainden
<br />UIereof; indl:ldlng, but not limited to, beatil1/l and cooling equipment and sueh personal property that is attached to the
<br />~.. .., AI 10 constitute a lixtum; all of wbieb, includin& replacements and addltlol\ll thereto, is hereby declared
<br />10 be a put of the reti _ securecI by the lien of this Mortgage and all 01 the foregoing beIDe retened to berein as the
<br />..Property".
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<br />Monpgor bntb... c:<JIm!IlaDlo and agrees, with Mortgagee, as lollows:
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<br />1. p.,.......t. To PlIY the Indebtedness and the lntemt thereon as provided In this Mortpp and the No.
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<br />1.TiUe. MorIpcor Is the oWller of the Property, bas the right and authority to mortgage the Properly, and
<br />_ tllat the lien created hereby is a lint and prior lien on the Property. except.. may othetwlae be sel forth herein.
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<br />o The Property Is IIlbjoct to . Mortpge wbemn .
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<br />ill the Montqoe, reeorded.at BoolI: _ , Pace _ 01 the Monpge Records 01 _
<br />He...... willc:h Monpce is . lien pftor to the lien created h....by.
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<br />o Other prior IielIl 01' -",brances:
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<br />County,
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<br />3. 'r-. ~ To pay '!'hen due all lues. speciaI_1a and all other charges aplllSt tbe Propert';,
<br />!IllCl, upon WlitteG'deeIaDd by M.......,1o add to the paymea" reqlliled under the Note """wed berehy, such amol1nt as
<br />ruy;be 1lIlf1leitat to efl8llIe the l\Iorlppe to pay such -. -..menta or other cIwps .. they become due.
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<br />4.. . ~ To keep the Impt'O'felQOlltJ now or heNuter locat.ed on the....1I estate described beh!1n insured
<br />~cIaIaIIt by.lIn and such other hUUIla as Mortpsee may require, In amounts and with CtlIIlpani.. ac<:eptahle 10 the
<br />......, and willi. ... paJIIiI!e 10 the Mortpsee. In eIIIlll of to... under sueb policies the MoRpgee Is IlIlthorized 10
<br />8lI;ust.. caIIMt and compnmliae, In lis IIIsc:retion. all claima thereunder at its sole option, authorized to either apply the
<br />pt-.llto U. ~ of the Property or upon the inclebtedneta secured hereby, but payments h_ndeullall COlI'
<br />1IaM,.1IIIlilthe_-.4~ _paid in full
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<br />5. Q ...... For ,.. and~ .~ anytIllng COIIlldned In.......pbs.3 and. hereof to Ibe
<br />.....,....... alWl. pay to..the ~ at the time of .,.)'int. the ""oothly lnalallmenla of principii and Interest,
<br />~~-~ -._lI,buudi1lllli.- pl!MlliWIII.andpouJld renta (If any)whlcll may altain..
<br />pI.toIlI;r'01W'........ .1Il.... -.lily eatiaated from IiDI<t 10 time .bythe Mortptee. The noullta 10 poId abaIl he
<br />....~ Uie.~~lata\eIt andWJed to tt1a.paymentof the lblmaln ftlSpl!flt to which ..... amoullta we",
<br />~~IIIlIIL~to .......loanuDcleI-_ ~ _llddItiorlal_rity for.the i!ldebtadn.... _wed hythla
<br />~~~.,to.....tlle_totany~ betwoenthellrtul.-._tI,.~
<br />~"~'." ucI_......~ wItlIln.lO days after delIodlamade Ilpoll.~~t
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<br />..... ... ....~nnlj lliWll!11iu.. 1'Q~llIp!Ilr, __0\' rel:MlI.Itl., blIiIdlftporlmprowmenlnow or
<br />~...,~IiCJ"tI.w~to8Q!llod~andMUr.~t .........d _from fIIM\luw1c', <<lr
<br />.........~.... ~. ~\l'II to t!l*c!ltiJ~~to ".Mttrorflel'Wlltanynuisuow toexili, nor tolilmln.
<br />..CIiI!'............flt... ~ t17.lIII'~ or .-.....Iollllt; end to -.ply w1thtll requln-.ta of law witt!
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