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<br />MORTGAGE
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<br />84 - 004154
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<br />This Mortgage is entered into between
<br />
<br />Glenn R, Jones
<br />
<br />I
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<br />(herein "Mortgagor") and
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<br />National Bimkof Commerce Trust & Savings Association
<br />
<br />_ (herein' ',' Mortgag.ee?_')~
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<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 4600.00
<br />July 10, 1984
<br />
<br />, evidenced by Mortgagor's note
<br />
<br />dated
<br />
<br />(herein "Nnte") prnviding for payments of principal and interest; with the balance'ofthe
<br />
<br />indebtedness, if not sooner paid. due and payable on
<br />
<br />8-15-88
<br />
<br />
<br />To secure the payment of the Note, with interest as provided therein, the payment or all
<br />advanced by 'Mortgagee to protect the security of this Mnrtgage, and the perrormancenf the
<br />,the Mortgagorcoiltained'lietein, Mnrtgagor does hereby mortgage and convey to Mortgagee
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<br />property located in
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<br />Hall
<br />
<br />County, Nebraska:
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<br />Lot 23 in Reuting's Second Subdivision
<br />being a part of the SW~ of Section24~
<br />Township 11 North, Range lOWest of the
<br />6th P,M., Hall County, Nebraska
<br />
<br />Together with aU buddings. improwments. fixtures, s1rl'el". aHe-ys. passageways, '-'asemf!'nts.
<br />appurtenances located thereon or in anywise pertaining then'to, and thl' rt'nL.. issut-'s and
<br />thereof; includin~ but not limited to. heating and cooling t'qUlpment. and such pe~onal-
<br />improvements so as to constituw a l1xlun~: all of which. including repla-c~ments and addjtions
<br />to be a part 'Of the real estate secured by the lien or this Mnrtgage and all of the
<br />"Property".
<br />
<br />Mortgago.r further convenanls and agrc~'s, wfth Mortgagt."~. as foIlQw~:
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<br />1. Payment. To pay tht" indebu'dn~:-.._':'> and tht, ml{'-rp~l tht'rl'on as prO\-idf:d III this Mortgage _I,ln_d the No.t~.
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<br />2, Title. Mortgagor is the owner of the Property, has lh,' rtghtand authority to mortgagethe;PrllPeJl.Yi,and:;"';'
<br />warrants that the lien created hereby is a first and prior hen on thto Property. €'xct"pt-as, may otherwise' i)e;-set-Jolth_:llfUein-; ";
<br />
<br />o The- Property IS SUbjt-cl to a Mortgag~ ....-ht'R'in
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<br />is the Mnrtgage<', rerorm-d at Book , Pagc (lr lh,' Mort~aR" Ib'l'ords of
<br />Nebraska. which Mortgage i;;;. a lit'o prior to tlw 11('0 frt'Uh-'d ht'rt'hy.
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<br />,-,~--t~~-;;-~~; "
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<br />o OthN prior liens or t"ncurnbrance-s:
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<br />3, Taxes, Assessments, To pay when due all laxcs. spe<ial a"",ssments and all oth.. <harges against the l'rQperty
<br />and. upon written m-mand by Mortgage<', 10 add to the payments requin,d under the Note _ured hereby. such amount as
<br />may be surn<ien~ 10 enable the Morlgagee to pay such ta"es, assessments or olher charges as they becomeduec
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<br />L
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<br />4. IllSUI'aIlCe. To kpep thE" improvt'nwnts now or hereafter locat.H:I on the r~81 estate deSt'ribe9 heftl'in insured
<br />against damage by fire and such other haurds as Mortg,agt~t~ may rN~l1in', in amOullts and, WIth companit,s_ acct'pt.ablt'- 1.0 the
<br />Mortppe. and with loss payable to tile Mnrtgagee, In case of loss "ader su<h .poHcies theMor~e isauth~dJ.9
<br />adjust, colkct and compromise. in its discretion, all elann" lhereunder at ils sole option, aulhorized to either appiy the,
<br />proceeds tn the restoration or the Property or upon the indebtedness ",,'ured hen>by, bUI paYrnenl~ hereunder shall con-
<br />tinue until the sums """UTe<! hereby are paid in full.
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<br />1;, 0 Escrow ~'or Taus and Insurance, Notwithstanding anylhing ""ntwned in paragrapbs J aod1 hereof to the
<br />wnttary. Mortgagor shall pay 10 tile Mortgage<' at the time of paying lhe monthly inslallment. of principalanil interest.
<br />o_t~ftll of the yeal'ly Wes, as.....menu. hazard insurance prellliums, and grQund rents (if any) which may atlain,a
<br />priority owr this Mortgage. aU as reasonably estimaled from time 10 lime by lhe Mortgagee, Th. amounts ,~o paid shall be
<br />twkI try the Mottp~ Wlthout inler~t and appht>d to lhtl paymt"nl of tht. l!t'ms ill ff'S:pl:'t'l to whkh such amounts' w~re
<br />detJosited. 'l11to SUIII$ paid 1<) Mongall"" hereunder are pledged as additional security' ('(lr tll\' indebledness ",,,,u'ed by this
<br />Mor1pae-. Mor-tga&Of$baU pay- tu Mort~ thr amount of any defi('it>O"Y lwtWttU Uw lIetl,lal tBXl!&, a.~tls.'\me-nts. insuram,,~
<br />fl"'n1lUII\$ and ground rents and thedt>puoit> hereunde' ...ilMn 10 day' aft.. d"llland i, made upon Mortgagor requesting
<br />payment lhareor,
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<br />6. Repalf~ ~taintfttU1ce and U...., To prolnpUy f\"()Alf. l\!'ston-~ or N"-lnuid any buihiin~ or imVfUV~\nhHlt.:; 1ltlW Qf
<br />he~r ()~, lb. -~tt)\ to k~p thr- Propt?rty ~n Cuod condlUon and <<'p.aU'. wHbvut W~h', (Iud frt'\' from Olt'chank's or
<br />ou..t t~m bO:\ ~XP~T Jiu'burdifi$t'td to th... hl'-ll h~t~Qf; -Hot to maK~, ,~ufft'r or pt.'-nnit :iny 1.1UJ~m'V tu "''''1st, nor t.u dituH\
<br />li4 or i~palr ih\l' _".iu\t <I_r tnt' Pr('pt'tt~, by I1'l)' Iu-'t Of_ tlrn~M~o-n to iu,'t~ and to (-mHply wHh ail NqU1H'ftlvnl.;o; of law wilh
<br />reiIpO>t'l 1<> l~ .l'rope\.y
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