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<br />82-~ t-C3~5C
<br />MORTGAGE
<br />_~
<br />~ Dale L, Skow and Sttirle P4. Skow, ?Iusbartd and
<br />9Ytis Mortgage is entered Into. between Y
<br />N' fe
<br />(herein "bfortgagbr"j and
<br />IiHE OVF~TL NATIONAL BANK OF GRAAID ISLAND, Grand Island, iQE (herein °'Mortgagee"j.
<br />A•Iortgagot is indebted to Mortgagee in the principal sum of S `~• ~• ~ ,evidenced by Mortgagor's note
<br />- dated April 2Q, 1982 _ {herein "Note") provid'ng For payments. of principa! and interest, with the balance of the
<br />indebtedness; if not sooner'pasd, due and payable on April 20, 1989
<br />_~ Tu secure the payment of the Note, with interest as provided. therein, the payment of aft other sums; with interest,
<br />advanced by fortgagee to protect. the security ofthis ?4ortgage, and the performance of the covenants and agreements of
<br />fete Mortgagor contained: herein, Mortgagor does hereby mortgage and convey to Martgagee the following described
<br />property Eocated in Hall County, Nebraska:
<br />Fractional lAt One (1) in Fractional Black One Hundred Twenty (120) in
<br />llailroad Addition to Grand Island, Hall County, Nebraska, and its
<br />' coglplement,- to wit: Fractional IAt Number One (1) in Fractional Block
<br />_ ~?t>In>ber Tiaenty (20} in Arnold and Abbott's Addition to the Town of Grand
<br />Island,. Hall Cotult5:, Nebraska, as st~reSred, platted and recorded; said
<br />tun fractions together making one fu7:1 lot with a frontage of Fib feet
<br />on Second Stxe~t and a depth of One Hundred Thirty Two (I32) feet to
<br />the alleg= in said Block.
<br />Together with. a1I buildings, improvements, fixtures, stn>ets, alleys, passageways, rasemeats, rights, privileges and
<br />_ appt-rtenances located; thereon or in anywise pertaining thereto, and thc• rents. issues and prafits, reversions and remainders
<br />thereof, including, but not limited fa, heating and cooffng equipment and such persona6 praperty that is attached to the
<br />improvements so as to constitute a tixtyn; aft. of which, including replaa~ments and additions thereto,. is hereby declared
<br />to he a part of the real estate secured by the lien oflhis Mortgage and alt of the foregaing heing refetted to herein as the
<br />..~perty".
<br />Mortgagor further covvenantc and agrees, with Mortgagee :ts foltaws:
<br />I. Payment. To pay the indebtedness and the ntenr,t thereon as provided in this Mortgage and the Nate.
<br />2. Title... Mortgagor is She owner of the Properly, has tfn• right and authority to martgage the Property, and
<br />: Warrants That the lien created"herebys a first and prior hen on the. Property, exceptas may otherwise be set forth herein.
<br />^'ttie'Property is subject Loa Mortgage wherein _
<br />is the Mortgagee, recorded at Hook ~ ,Page _ _ of the i+9artKage (iecords of ._.___,.~.___~__~County,
<br />I+iehtaslta, which Mortgage is a lien prior to the hen created perch}'.
<br />E] Outer prior Liens or encumbrances:. __:.... _ _,. ~... _ _ ._...._ . _ .__---.... __,---._,._ ..____.,_._.~_
<br />3. Taxes, Asseasrnettts. To pay. when due aN taxis, special assessments and all ether charges against the Property
<br />. and, upon written demand by Mortgagee, Lo add to the payments requin~d under the Note secured hereby, such amount as
<br />may be sufficient io enable the ~13origagee to gay such taxes, assessments or other chargesais they become due.
<br />4. insurance. To keep the. improvements. now or hereafter located on the real. estate-described tierein insured
<br />agairut damage by fire and such atherhazards as Mortgagee mayrrquire., ihamountsand withrornpaniesacceptable to the
<br />- Mortgagee, and with loss payi,ble to the Mortgagee. In case of loss under such policiesafie Mortgagee is authorized to
<br />adjust, collect and camprom'se, in its discretion, all claims thereunder at its sole' option, authorized to either apply the
<br />pcu,:eeds to the restoration of the Propertyor upon the indebtedness seeuredheteby, but payments he^reunder::shallcon-
<br />tinue until the sums securedherebyarepatdnfull_
<br />5. O Escrow 1?or Taxes and:Ias<trance..Noiwrthstanding anything contained in. paragraphs.v and 4 hereof. to the
<br />ccntran, iSioctgagor shall pay~Eo the Mortgagee at. the time of paying the mogth3}• installments of principal;and interest,
<br />one-iwelfar of the ceaap ;axes, assessments, hazard insurance premiums, and ground rents (if arty} which may attain a
<br />priarih~ over this. Mortgage, all aS reasonably estimated from time to Lime by ttie Mortgagee:. The ampoule so paid-shalt be
<br />held by the 3lortgagee without mtrrest and applied Lo the payment of the itemsin respect to which such amounts-were
<br />deposited. 1'he sums paid to Mortgagee hereunder: are pledged as additional security for the indebtedness ucuredby this
<br />tllartgage. A.3origago. shall pay to blo:tgagee the amount of any deficiency. between the actual taxes, assessments, insurance
<br />prrmiurr>5 and kround rents and the deposits hereunder withih IU days after demand is made upon Mactgagor requesting
<br />payment thereof.
<br />Ei. 1iepaie, ti}ainlenance and Gee, 'Ca .promptly repair, rnstore or rebuild any buildings ar.improvements new or
<br />hereaae>r on the Peopen~; to keep cnePraperty in gaodcondiuanand-repair, without waste, and free from mechanic's or
<br />otteer Sims n a. <xpres:;4o su€rordinated tgtlSe lien hereoi:.not is Hake, suffer a7r permit any rsu'rsasace to exist, nor as ~+in~
<br />Ssi: er ~~pnir thr• value oi~ the'. Prnpetty by any act or amis;iar._to ac.f: and l:o comply vvftb a!' reixuirernrnts of law with
<br />- rES{x'CC :t; Lh('?rS:}=CCty_
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