|
MORTGAGE $2 ~ 3 L(~ ~ ~ ~)
<br />'IRns'viortgage isentered into between Karen Blair formerly Karen rfcCoy~ and
<br />kex Bl<iz, Husband and' Wife _(hereih"MaKgagor")and-
<br />_ FIFE POTNTB BAB3K _{herein"Mortgagee").
<br />Mortgegtir is indebted to Mortgagee in the principal sum oY $ 36 , x 25.00 ,evidenced by Mortgagor's note
<br />dated' April Z6. 1382 {herein "Note") providing for payments of principal and interest, with the balance ofthe
<br />indebtedness, if not sooner paid, due,aad payable on_ Aprii 15 , 1334
<br />To severe the paymentof the Note; with interest as provided tfireren, the payment of all other sums; with interest,
<br />a+ilvanced' by Mortgagee to protect the security of this Mortgage, and ttieperfarmance of the covenants and agreemepls of
<br />the Mortgagor contained herein; Mortgagor does hereby martgage and convey to Mortgagee the following- described
<br />property located-ia Hal]. County. Nebraska-
<br />l.ot Three (3}, in Block One (1}, in G•.'indolph's Addition t3 the City
<br />of Grand Island, i3e'sraska
<br />Together with. ail buildings, improvements. fixtures, street_5, alleys, passageways, easements, rights, priviieges and
<br />appwdenanaes located thereon or in anywise perinining themta, and the rents. issues and profits, reversions and remainders
<br />thereof;. irietudiag, brit not timited to, heating and. coding equipment and such personal property that is attached to the
<br />improvements so as to cotrstitute a facture; at3 aY which, including replacements and additions thereto, is hereby declared
<br />to be:a part of the reed estate secured by the -lien of this Marigage and aii o[ the foregoing being referred to .herein. as the
<br />"Property^
<br />Martgagorfurther' c~neenaats and a;reec, with Mongagre. as foitaws:
<br />1'. Payment. To pay the indebtedness and the intereu thereon as provided in thix Mortgage and the Note.
<br />2 Title. Martga~or is -the owner of the Property, has the right and authority to mortgage the Property, and
<br />warraata that the lien created hereby is a first and prier lien an the Property. except as may otherwise be set forth herein.
<br />F.~tTlte Ptope~:y is subject to a Mordgage wherein _.EstuiLah2e._R~~sS.,.,LQa3l;, ~r3t~F3.??~,~po? nr s Bank
<br />is the Iitoxtjpe, recwrded at Book __._____._ , Page ~ ___ ....... of the Mortgage Records oY ..._ _..v.13a.L1. .County,
<br />Nebraska, vrhich Mortgage irsa lien prior to the lien cr~ited hereby,
<br />LlOtherp#iorliettsorencumbrances:~____. ._..__. _.___.__ __...._...__._____._~.__.___~~
<br />3. Tares, Aasetrcnients. fio pap when due alt taxes, special assessments and nit other charges against. the Property
<br />and, upon µ'rstten demand lay Mortgagee, to add to the payments requiredunder the Note secured hereby, such amount as
<br />tnay bs suYBcient to etrable the Mortgagee to pap such taxes, assessrdNgts or other chargesas th. y became. due.
<br />4. Insurance.. To keep., the improvements. now. or hereafter located. on the rest .estate described: herein insured
<br />against damage by fere and sue 9 other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and wittt less pas~atate to the Mortgagee. fn case oY iossuader such paticies the Mortgagee is authorized to
<br />adjtast, collect and romprcrastse, ir, its discretion, ati claims thereunder at itssole:option, authorizedtaeitherappiythe
<br />pr"xecds to the tiesWtation oi' the J'roprrty or upon the indebtedness secured hereby, bwt payments hNreundershal! con
<br />tinru unfit the sum+ seca:rnd hereby are paid in fail.
<br />5. ^ f:st:row roe 'Canes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, kortgagor shalt pay to the Mortgagee et the tJmre of pay trig the mcat3ily instal9ments oY principal and interest,
<br />one•tveitth of trite yeady saxes, assessments, hazard insurance premiums, and ground rents {if any) which may attain a
<br />priority aver this Mortgage, all a3 reasonably estimated from time to time b} the ~fortgagee.l`he amounts so paid shall be
<br />Feld by the 39origagee witfrvut interest and applied to the payment oC the items in respec# to which srxeh amounts were
<br />deposited. 'Itae sums paid tv Mortgrge. hernunder an~ pledged a additional security far the urdebtednesssecttreti by this
<br />Moregege. MortgaKurshalt pay to tfurtgagee the amount of any deticiency between ttie actual taxes, assessments, insurance
<br />gtemiums and ground rents and the depusirs henurder within S C days„ after demand is made upon Martgagorrequesfing
<br />gaymen6 then~ot.
<br />fi. Repair, ltaintenaacc ace] Use. 'l'o prompt?y repair, resiorn ar rebeFd any DuitdiatQs ar improvcrnr^nts nave oc
<br />ttererraftxr on the I'roprrty: to kcfp the i'rnpcd:r in gne%d ror,~'iSr~,r. and repair,, without wastxe,and free from, meriiarric'sor
<br />:~thsrr!iena not axprc'csty sghnidnau~d [o t; u: !i~^ hereof; not :,o triakr, ~;,ifer orperinit any nuisance tea eiYist, nor to di,rnin-
<br />i=_-h or Impair iht< eatusr at the Ptol-.i.aty by cry fir! o ~ r ari;ei=.~n ,.~> a<:; anti tc5 crrartply~ trEth at] require.+menta trf ,taw with
<br />ie~tg~rrt to cha~ i'ra;.>Frt,; ,.
<br />
|