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<br />,MORTGAGE ~~®° i}CJy ~S
<br />This &Iortgage is enten~d ihto between Ja$e J. HeimbuCh- and' 'UTartha ?d.. Heimi?3~ch, ..
<br />h5.tsbstxl and ~4iie
<br />--- ------------ --- (heretn "Mortgagor") snd
<br />T~ Oj'EItI~'~NO '~iri"'It~~_-^,L &~tyF; OF GRAt~3 ISIr'lNl~, Grand Island; Nebraska (herein' .NCortgagee").
<br />t,lortgagor is indebted to Mortgagee in the principal sum of $ 4?; 5"il'. 82 ,evidenced by Mc rtgagor's note
<br />dated - Apz'11--~ 9' 19$2 (herein "Note"} providing for payments of principal and interest; with Liie balance of the
<br />indebtedness, if nag woner paid; due and pa;'able on Jtdly 19, 1982
<br />To secure the paymentof the Note, with interest as provided therein; the payment.of all ather sums;. with interest,
<br />adwancedbyitilortgageetoprotectthesecurTtyof~thisMortgage,aadthe:performanceoftlferovenantsandagreements'of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey-to Mortgagee the follbwing described
<br />property located in Hall' County, Nebraskan
<br />South Hal£ of Lot 8 and all o£ Lot 9; in 131ock 2 of first
<br />Artistic Iiixrtes :9ddtion to the Citu e£ Grand Island,
<br />'Nebraska.
<br />Togekher with all buildings, improvements, fixtures, streets, alleys, passageways, easements,.rights, grivileges.and
<br />appartr•nanees located thereon or in anywise pertaining thereto, artd r.he rents.. issu€~~ and profits; reversions and remainders
<br />thetrot; iaduding, but not limitei3 to, heating and' cooling equipment and such personal property that is attached'to the
<br />improretnenls so as W constitute a fixture; a[I of which, includktq replacements and additiars thereto; is hereby: declared
<br />to be a pnrt of the real estate secured by ttte tien of this:Mortgagr and all. of the foregoing being referred to herein aa.the
<br />..~~~y,.
<br />Alortp~or tut'ther aonveaants and agrets; with Mortga~ee•; a+ fc.!!aws:
<br />2. Paymen{: Tp pay the indebtedtmsy and the interest then on as,provided in this Mortgage and the Note.
<br />2. Title. lllortgagor is the owner of the Property, ha+ the rigtrt and authority to mortgage tha Property, and
<br />warrants that the lien created hereby is a flea and prior lien on ttie• Property, except as may otherwise be set forth: herein..
<br />:-1 The Property. is subject to a Mortgage wherein __.
<br />is the Mortgagee. recorded at Book .____~__ .Page _ _.. of the Mortgage Ttecords of <_ __~_ ~... _ County;
<br />Nebraska, which Mortgage is a lien prior to the lien crnatrd hereby.
<br />~ Other prior Fierss or encumbrances: _... _. __ __ _ _ __,._~_ -.._..._~_m_..._
<br />3. Taxes, ..K,_~~nta. To pay when-due al! lazes, special assessmenU and all other charges against the Property:
<br />and, upon written demand by Mortgagee, to add to the paymenU required under the Note securedhentiy, such amount as
<br />may be sufficient io enable the Aortgagee to pay such Yaxes, assessments or other charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located. on .the real estate described herein insured:
<br />against damage by fire and such ota'terhazards as i+9actgagee ruayrequire. in amounts..and. with companic`sacceptableto the
<br />Mortgagee, and with lass payable t~ the Mongagee_ In case of Ic>ss under such policies the Mortgagee fs authorized to
<br />adjust, collect and compromt&e,:Tn ita.drscretion, alt c4aitns thereunder aL its sole option, aulhori~xdtaeitherapplythe.
<br />procecrLs to the n-storation of the Iroperty or upoq She indebtedness secured hereby; butpayments hereunder stta3l.con-
<br />tinue until +,he sums secured hereby are paid in Cuil.
<br />5. a Escrow For 'T'axes and Insurance. `~otwithstandanganptiring crontained inparagraphs.3 and4 hereof to the
<br />contrary.'+'Tor[gagor snaJl pay to the :vtortg'agee et the Gme aC paying the monihlyinstallmentsof principaiendinterest;
<br />one-twelfth aC the ;early taxes, ass%~smenis, hazard insurance premiums, and ground rents,(il' any} which may attain-a
<br />pricrity over this Mortgage, all as reasonably estitriated from timeto time hythe Mortgagee, The,atnountssopaid shall be
<br />held by the Mortgagee without interest and applied to the payment of the.-trams in respect to which such amounts were
<br />deposited. The Sarni paid w Mortgagee hereunder are pledged as additional,security:forthe.:ittdebtednesssecured bytihis
<br />Mortgage. lifortgxgorskali pay to Mortgagee the a:naunt oC .;ny deficiency between kheactua3 taxes, assessments,.insurance
<br />premiums and ground rents and the deposi[.s hereunder within 10 days after demand:is:rnade:vpon:Jvlortgagor regnestitrg
<br />payment thereof: -
<br />6. Repau, Dlaintenance and [Jae. 7b nron,nt;y repair. resiore or reb,udd any-. truildingsar,improvements. uow or
<br />hereafter on zhr. Property: to keep the Yropett~. ir, go,d r.~ndttion an •epa!r. •.~.thotttw~asle, andfree from mechanic's or
<br />outer liens no[ expressly subord.nat~d tc; Lhc lip:m > snot; noti .~en< .-:utfvx or per~utapy rtitisanee to exist, nor to-dimin-
<br />t~sh or smgair th•~ va!u€• of toe Yropert?, by an 1st uc uuussmu to act; an~~ ;.a conipl,y with ark requirements of few with
<br />respect to the f`raperty.
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