|
i
<br />y- -t ~+
<br />NIQItTGAGE
<br />'Ih~Mortga~isenteredntobetween x+irhae-i r r„ ~Pr~ ~,7X var,-;~;~ n F.,..;,,aar
<br />_~ssl:and arrd Wife (herein "+tortgagor")and
<br />---F~~--a~ia~a RA„k _ _(herein°`Mortgagee").'
<br />Mortgagor'is- indebted to'~MOrtgagee in: the principal sum. of $ ~-6_ 0~....Of~•.._ ,evidenced by Mortgagor's note..
<br />dated; Feb ._ 16, 1982 (herein "Nate") providing for payments of principal and interest, with the balance of the
<br />indetitedncss, if not sooner paid, due-and payable on~_ Aug.1 ~: 1 q88~,
<br />'I`nsecure ehepaymentofthe Note, with interest as provided therein, the paymentof all athersums, with :interest,
<br />ad>iartced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />t~R kdartgagor contained. herein,. Mortgagoe does hereby mortgage and convey to Mortgagee the following described
<br />property located in FIa11 County, Nebraska:
<br />`Lot Eight (8), in Block eight" (8), in the original town, now City o£
<br />Grand Island; Hall County, Nebraska
<br />Together with alt. buildings, improvements, fixtures, streets, alleys,. passageways, easements, rights, privileges and
<br />appurtestances located thereunor in anywise pertaining thereto, and the rents. issues and profits, reversions and remainders.
<br />thereaf; including, but not limited to, heating and cooling equipment and such pe»onal property that is attached to he
<br />;'improvements so as, toconsdtute a fixtnee; ail of which, including replacements and additions thereto, is hereby declated
<br />to be a part of the real.:estate. secured by the lien of this Mortgage and all of the foregoing being referred to herein as_the
<br />Mortgagor further convenants and agrees, with Mortgagee, as foklows:
<br />- 1, .Payment. To pay the indebtedness and the interest [herao+t as provided in this Martgage and the Note.
<br />2. Title. Mortgagor isthe owner of the Property. has ther+ght and authority to mortgage the Property, and.
<br />warrants that the lien created; hereby is a fr»t and prior lien an the Property ,except as may otherwise be set forth herein.
<br />EtS The. Property is subject to a.Mortgage wherein __ k'i.Y_e_-P_4~Itt~._Batlk__ ._______-_-_
<br />I)oc. Nos. 79-006969 and 8I-00055.1
<br />is the Mortgagee, recorded a0+$Ot~ixLt _ , ltpgaxx _-- __- pf the Mortgage Records of ___ _- Hal i County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />£7, Other prior liens or encumbranc:es:._..__ _ __ _ __._._._ _ ___...--_ -°-----~-.°------~--
<br />3. faxes, RafieS6rtleniS• To pay when due all ;taxes, special assessments and. all other charges against. the Property
<br />and, upon written demand by, Mortgagee, to add to the paymants required under the. Note secured-hereby,such amount as.
<br />Wray be sufficient to enable Lhe.Mortgagea to; pay such taxes, assessments. or other charges as they become dua.
<br />4. tnsuranee. e o keep ,the. improvements now or hereafter Ipcated on the real estate described. fierein. insured
<br />against damage by lire and ::uch other hazards as Mortgagee may require, iri amounts and wiihcampaniesacceptabie tothe
<br />Mortgagee, and with loss payable to the R4octgagaa. Ur case of loin under such policies the .Mortgagee is authaeized to
<br />adjust, collect and comproedise, in its diectetipp, all claim; thereunder at Sts sofe`optiorx, autliorizad.toaitherapplyYhe
<br />proceeds to the resipsation of ±he R~opertp or upon the indehted~esssecuned bereb}"~ but payrttents hereunder shall-cqn_
<br />• time until the sums secured hereby are-paid in lull. -
<br />5. ~~' i•:vcrow Ebr Tubes and Insurance. '~otwithstandin~ anyth+n~ Contained in paragraphs 3 anu-4- tarEtif: to rite
<br />contrary, Mortgagor shall pay tp the 14origagee at the time of payim+, the tuanthty inst.allmants aF principal and i!tterast,
<br />one-tttelfth of the yearly lases, assessmenu, ha~;,cd insurance premiums, and grout)d rants (if soy) which may attain a
<br />priority over this Mortgage; aliaN reasonahty estimated from tune to time bg. the Mortgagee. The.amounts so paid shall.be._
<br />held by the Mortgagee without interest and applied t6 the payrner,t of the items in respect to.which suckaamounts were
<br />depceiiEd. The sums paid ip Mortgagee: hc•raunder are pledged as add;t-toast sacnrity.for the:indaktedncss 6~cuxad jty.tltis
<br />_ ttiorl~Re, bloetgagorshaltpa5' to kk?rtgagae the amount of anp defFciencc beiwaen theactual tars, aasessarterits, insurance
<br />prerpium~: and groutrd rent and thc~ deposits hereunder u~ithm IC da~,s after dcmandls madengpn Mortgagar requesting.
<br />payment th2rfof. -
<br />&. kepair, Mwnuaattce and lise. T'tr prom ptl}- rapuir. re>ivre nr mbutid anc bi:iidings pr fmprpvement, now or
<br />heraaf)xr art the Peopeety; to keep Lae Property in hood cundltivn a,td r<•pair, .rtrthontw~i5e, and free from mechanic`s or
<br />atl:e~teers npe xrz••~zj~~ s~ihordh•e~e~ r the !~ -t h x_. `: n!t fn roar •, wCf„r or permit aaty nuisance: to exist, nor to dimin-
<br />istt or impair d:r vaSpc ~>t ttie Prcp •e.;~ty ,a } act or _eeu!sivn r•,, ,~ri; and to cacccply whit ail r€•quirements of latw with
<br />respect tv :r,t- ~„r..n~.
<br />
|