|
r
<br />M~xTG~!i~E $~....~1 U Q ~ f
<br />"fFiis Mortgage is entered into between Edward L. Sar;da and Clara R. Janda.,
<br />__ '~usba?td and lsrife T (herein "INbttgagot") and
<br />-_r^^TnE PDIDITS BAi3iC fherein,"Mortgagee„)
<br />Mortgagor is: indebted to Mortgagee in ttie principal sum of $ R S ~ pnp _ pp , evidehced by.Mortgagor's note
<br />sated ~ 1 82^_ (herein. "NOtQ") providing for payments-af-principal and interest, with the,batanee gf the
<br />indebtedness, if notsoonerpald,dueandpayableon_ 8/18/82. ,
<br />Tosecure the;payment of the Note, with interest as provided therein; the payment of all othersums, with interest,
<br />advanced by Mortgagee-to ,pmtecL the security. of {his Mortgage, and the performance of the. covenants and'agreements of
<br />the MMortgagor contained `herein; Mortgagor does hereby mortgage: and convey to Mortgagee the following described.
<br />property nested in Hall County, Nebraska:
<br />Lots 2, 2, 9, and 10, all in Block 9, in Packer'and Barr's
<br />Addition to the City of Grand Island, Hall Counts, idebraska
<br />Together v¢ith ell buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges-.and
<br />appurtenances located'thereoa Orrin anywise pertaining thereto,. and the rents. issues and. profits.reversions,and remainders
<br />thereof; including, bu{ not limited to, heating, and cooling equipment. and such personal. property .that is attached to'the
<br />improvementsso as to;constitute a fixture; ail of which, including replacements and additions thereto, is hereby: declared
<br />to be a park: of the real estate secured by the. lien of this Mortgage and atl of the. foregoing being referred to'herein as the
<br />`•~oPe~Y,,.
<br />Mortgagor further convenants and'agrees, with Mortgagee, as follows:
<br />1: Payment. To pay the indebtedness and the interest theceon,as provided in LhisMortgage andthe Note..
<br />2; Title. Mortgagor is the rowner of the i'roperty; has the right and authority to mortgage the Property, and...
<br />evaaants that-the lien. created hereby is a first and prior lienpn the Property, except as may otherwise be set: forth herein.
<br />^ The Property issubject to a Mortgage wherein _.__ _ _..
<br />is the Mortgagee, recorried at Book _ ,Page _.___.. ____. of the Mortgage Records of . -County,
<br />Nebraska, wiyich Mortgage is a lien: prior to the lien created hereby.
<br />^ Qtiter;pribrliensbrencumbrancesc____---___,---------.----~_------------.~_
<br />3. Taxes, .4ssesements. 'I'o pay when due att taxes. speciat assessments and all other charges against the Property
<br />and,.upon writren demand be^Morrgsgee, to add to the payments .requited under the Note secured'-hereby, such amount az
<br />may be sufficient to enable the Mortgagee to pad sorb taxes, assessments or other charges as they ;become due,
<br />4--Insurance. Tokeep the improve~nenis now ~r Viereafter Ioca{ed on. the-rest estate desexibedherem insured -
<br />against drmage by fire and such other hazards as .Nortgagco may require, inamountiand with companies acceptable to the.
<br />Mortgagee, and with loss payable to the 45ongagee. ?n caceoi lose under such policies the }lortgagee is authorised to:.
<br />adjust, cuUecL and compromise, in its. discre[Sou, all claims thereunder,at ifs sale option, aath fluxed toei the[appJy~the
<br />proceeds to the rcSLoration o£ the Property rr upon the indebtedness secured hereby,but payments hereundershallrcon-
<br />time until the sums securedi:erebti' are paid in fu!f.
<br />v. u ~ eatvw ~T i ales uid iiuuiaLa.e, ::ui.'r iih,~aii'v ~u- "`t.,rngd'n ~ _ _ ^d ~, ;+~.~f to fhw
<br />~ a. -u.~.~~ w,. acngaaya;-~ ~ a.,
<br />.contrary, Mortgagor ehal[ pay to the'tiortgagee at the lime of paying the month)y instailments4f principal and interest,
<br />one-twelfth of ttee yeazly taxers, assessments, hazard insurance premiums, and ground..rents (tf atryj whit:tt~n;ay attain. a
<br />priority over this Mortgage, aH x-s maconably estimated from ume to time by the ~iartgagee. The amounts so paidshall be
<br />held by the Mortgagee with cwt interest and app:ied to the payment of the items in, respect G4 which such apnounfs WCre .
<br />-deposited: 'I~e sams paid to Mortgagee hereunder arr. pledged es additional security for the indebtednesssecurnd byYhis_
<br />Mortgage. hkrrtgagor shall pa}' to Mortzagee the amount of any deficiency between the actual taxes, assessments, insurarce
<br />premiums. and ground rents and fire dctx,sits hereunder within 10 days .after demand is made upon Mortgagoe requesting
<br />e`T+Ytacnt. ihereof.
<br />6. Bepau~, laintenance xnd line, ;b pro;npti} r,pair, reswrr oz rehuitd, ar~}° bufidin~gs ar [mprovementsnow or
<br />fi~rex£tcr as the "rnpr--.rty; to keep the °roperty tr: rood cc~nditior. and repair, without waste, andfree Pmrn mechanic's or
<br />afherliens ne7t ctprna~,l; <utxordlnaud Sc. She Geri her.~o€:. nut to wake. ,uCfea or pernzittury riuia;tnce to exist, oar to dimir!-
<br />iah sir Errzpair ire vatur r.C th_ E'topa~rty~ by soy act or om~s,iP;;to act. and: to comet}' with s1t requirements of law wrkh
<br />respw-S ,a tb:_ Props:[~~.
<br />
|