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<br />74iis'vlortgage is en¢ered into between Eugene M, Essinlc' and Sharon IC'. Essnk
<br />-r;il~~nd ar3 ,rife -
<br />;(hereih "Mortgagor") and
<br />_~~~ Dints IIank
<br />(fterein ";4lprtgagee ").
<br />' Mortgagor is indebted to Mortgagee in the principal sum of $ 8; 9.00 - ,evidenced by Mortgagor's'note
<br />dated _ An r; i t (,, 11 ~R~ (herein "Nate") providing far-payments ofprincipal and interest; with the balance of the
<br />indebtedness, if not sooner paid, due an3Faayahle on:- Dctober 13. 1982 _
<br />To secure the payment of the Nolte, with :rtetest as provided thereih, the payment of all other sums,. with interest,
<br />advanced try Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey tfs Mortgagee, ttte foQaawing described
<br />property located in real 7 _ County; Nebraska:
<br />Lot Three (3) in Block Forty-Three (43) in Russel Wheelerrs Addition
<br />to the City of Grand Island, Ha1T County, Nebraska
<br />Together with ail btrfldings, improvements,. [fixtures, streets,. alleys, passageways, easements, rights; privileges and
<br />appurtenances located tlfereou orin anyiiise pertauting thereto, and the rents. issues and profits, reversions and remainders
<br />thereo[; indudiug, but not. limited lo, heating and ttiwing equipment and such personal. property that is attached to the
<br />imprrnremeea so n to corgtitute a fixture; all of which, including replacements and additions'thereto, is hereby declared
<br />to be a part o[ the real estate xcured by the lien of this Mortgage and all of the. foregoing being referred to herein as the
<br />..Ropcrty..
<br />Mortgagor farther conrenanu and agrees, with Mortgagee, as follows:
<br />1. Payraaol. To py the indebtedness and the interest thereon as provided irrthisMortgsge and the Note.
<br />Z Tithe. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />watr~nfa that the lien created bereby is a first and prior lien on the Property, except as-.may otherwise be set forth herein.
<br />[~ 11be Properly is subject to a Mortgage wherein ~..~quit~~I.e $uildinR & Loan Assn.
<br />is the Mortpgae, recorded at Book .Page _ ~,~~ at Lhr MortPage Records of , Hall County,
<br />Nebraska, which Mott;age is a lien prior to the lien created hereby.
<br />^ Other prior liens or eneumbnnces:._""_ _ _ .-" --- - --~ ~.____~,_., ~ ~__
<br />3. Te=es, AawesmeaFt To pay when due all taxes, special asx5smenta any! all other chargPS against the Property
<br />and, upon written demand by Moetgagcr, to add to the payments required under the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges ss they ae%~ome due.
<br />4. Iruurarrce. Ta keep the. improvements now or hereafter located on the real estate described herein insured
<br />agaioat damage by Ere and such ot'aer hazards as !Mortgagee may. require, in amounts and wish companies acceptable to the
<br />Mortgagee, sad with Ic~ss payable to the Mortgagee. In case of loss under such policies the Storlgagee is authorized to
<br />adjua[, coiled and compromise, in ifs discretion, all clairnc (hereunder at its sole option, authorizedtveaherapply the
<br />proceeds [o the restoration of the Prop-rty or upon, the indebtedness secured hereby, but payments hereunder shall con•
<br />time until the sumo secured hereby ate Paid in full"
<br />5. Q l.,aerow Fat Tares and Insurance_ Notwithstanding anything contained in paragraphs 3 and 4 hereof tothe
<br />contrary, Mortgagor shall pay to the Mortgagee at the tine of paying the monthly installments of principal and interest,
<br />ore-txelith o[ the yearly fazes, assessments, heard insurance premiums, and ground rents (.f anyj which may attain `a
<br />priority over this Mortgage, all as reasonably estimated. from time to time by the Mortgagee. The amount so psid sttaih6e
<br />held by the Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. '11re sums paid to Mortgagee hereunder are .pledged as additional security for the indebtedness s^cured by this
<br />Mortgage. Mortgagorshal! peg to Mortgagee the amount o[ any defciency betx•een the actual taxes, as:,cssments, insotanee
<br />premiums and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />- payment thereof.
<br />6. Repair, Staialenancrand ~TSe. To promptly repair, :estcre o: rebuild any building, ur improvements. now or
<br />hereafter on the Property; to keep the Property in good con. dition and repair, without waste, rand Izee.Frommcchahids or
<br />other liens not expressly subordinatxd to [rte ben hereof; noE to n:a:ce, suffer or permit an} nutsainee to ezist,.nor to"dintln-
<br />~+ or impaic the valcte of the Property by any act or omia-sion to set; arad to comply with all requltemeots of 18vtwith
<br />respell to the Property.
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