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<br />84 - 0052tl~
<br />MORTGAGE
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<br />'lbi!> MoJ:tgage is .enteredlnto b~tween
<br />Husband.and.Wife
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<br />'llla.fAS J. RUSSELL and GLENDA K. RUSSELL,
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<br />_ (hemin "MortllagO!"~)~d
<br />'ll!E.0\IE1lLI\ND NATIONAL BA.~ClF GMND ISLAND, Grand Island, Nebraska (herein"Mc:t~"~
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<br />~is indebted to Mortgagee intheprlndpal sum of , 26 .337>.02, nitieoeed by>M~'ilH)..:,
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<br />deted August 6, 1984 (heteln "Note") providiDI for paymenl$ of principal and intllreat, with.the'b~8lIIito~ri~; . .'
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<br />indebtedn_. if not sooner pald,due and payable on Fell, 10, 1985
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<br />To~ the lMymeJilof tht> Note/With intereatas pro'ridlldthereln, the p&ymentofalloUlerSUlD8;~~i...
<br />advaneedby Mo~ to pMleet the security of this Mortgage. and the performance of thecovenantsalnl:~~'.
<br />the ~ot contained herein. Mortgagor does btlreby mortgage and 'convey. to ~the foDowinl'~.
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<br />property located in Hall County, Nebraska:
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<br />Int Sixteen (16), MARYLANE Subdivtsion, Center
<br />Township, Hall County, Nebraska.
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<br />'I'ransfer of Property. If all or any JXU't Lhe Pro~ty .or any interest of
<br />M:Jrtgagor therein is sold, transferred or further encumbered without the express
<br />written consent of the ~i:lrtgagee. ~brtgagee may, at its sole option. declare all.
<br />sums secured by this M:Jrtgage to be imoodiately due and payable.
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<br />Together with all bulldinp. improvements, fixtures, stNets, alleys, ,....-ra. e_G, righ!&, .pn~'a!ld.
<br />appurtenances located therl'Oll or in anywise pertaining thereto, and thl.' rents, issues and protlla, tel'erlii-Ind'~~
<br />~f;indudinll,but oot limited to, beating and cooling eqnipment and sueb pemlrWpropeny tb&t.i&llttacbe4tO".
<br />imp_menll; so as to COII!titule a tlxbne; all of which. indudi"ll ~_'1>l>D!s l!!;d !dd!~ ~.e>"" a hti.hy .~~...
<br />to be a part of the ~ estate ~d by th~ lim Qr this. M~ end ~ of the !~Ji; ~ rnfencd tG heifiu,.-iDa
<br />"Property".
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<br />1. P:yment. To pay t."l~ indebtedness and tbe inmm th_ as pwvided in tilis Mortpge an4 tile NoW.
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<br />Mol'ttPlOr further con_tlI and apes, with Mo~. as follows:
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<br />2, Title. Mot'tNor is the owner of the Property, has the right and authority to morteage the Property, and
<br />warranls that the Iil'n Cnl&ted berl.'by is a fbst and prior \len on the Property, exeept as JDaY otherwise be _t fortllllenm.
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<br />o The P'iupnTy ii subject tu.. Mortcqe wherein
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<br />is the Mortp&ee, recorded at Book _ , Paae _ of the. Mortgage Reeords of
<br />Nebruka, which Mortp&e is a lien prior to the lien elNted hereby,
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<br />Co1llll.y,
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<br />o Other prior liens or eneumbt'ances: ,,,__
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<br />L,
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<br />3. Taxes, ...._t- To pay when due all tu..... speeial assessments and all other ebups apin.t the Property
<br />and, upon written detIwld by Mortpeee, to add to the payments required under the Nole lll1eured bereby, such &moullt as
<br />may be surftcW1t to l'1abItl the Moncagee to pay oueh taxes, _nls or other ebarges as they become dutl.
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<br />4, 1_ To keep the improvelll\!Dts 1I0W or hereafter located on the real estate described ht>Nln I~
<br />~~ ~._~ by fi.~ ~ ;aGi o;b€r hazm-di .. ~ .tttay requite, in UJ10Wlts and wuh companies acceptable to ,Ute
<br />MoItpaM, and with loss payable to the MortgacM. In cue of I.. under suebpolldes the Mortgagee Is authorIZed to
<br />Illijust, cdlect and compromise, in its dlsaeUon, all claims tht>reunder at Its 60Ie option, authorized to either apply the
<br />~. to tlle restoration of the Property or upon the indebtedness seemed bereby, but pay_nls bereunder shall con.
<br />CiIlIIf! IIIlW tbe_ MCIIIed beteby ue paklln fuJI.
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<br />5. 0 EIaow For T_ &lid lnlIur..-. Notwltbs~ding anythina conWned In paragraphs 3 and 4 heleOf to the
<br />eontwy,Mortpaor shall pay to the Mo~ at the time of payina the monthly inmtlmenta of priBcipal and interest,
<br />_toUtll of the yealty taM, ~la, huard InsIUlUlce premilllll6, and tr9und rents (If auy) whlcb may atllln a
<br />pri~ 0_ thll.MortIItt, aIllll -'My _t1mated ftom time to time by the Mortpaee, 'I'he amounts 60 paid shall be
<br />!ltld by tlle MoJtIaIH without intemt and appn.d to the paymellt of the itew ill respeet to whicb luclt amounla were
<br />~, The _ pald to MortIalee hereunder.,.. pledpd 1II additional aeeurity tor th" indebtedn_ lll1eured by thl$
<br />~.~m.npay to ~ the amount of any deficiency between the actual tax.... _nta. InsuraoCt\
<br />pmaiJIml. and. ilQllndRlntJ and U\e depooIti lIereunder within 10 Gays after demand is maoo upon Mortp&or nqllNting
<br />pay_t~,
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<br />6. 8apeir, "-int9ll,_* U... To promptly "'palr, rMt<m or rebuild any bulldlnll" or improveml.'nbi now or
<br />~ on Ule~y; to k..p tlw I'toperty in sood oonditlon &rid ...palr, wllbout wll$W, and l'Ne /'rom me<:banlc'. or
<br />otIlIlr lie.. not~, lubordlaated to th. 111m hete()l; nolto mat.., suftt>r or permit any nu\un~ to exist, nor to dimin.
<br />lsil or I~ the v. of the l'Nperty by any lei. or omlosioo to ad; llIld to comply with all "''1u1nonwnts o( law with
<br />~. t<I tilt hoyleny,
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