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MQRTGAGE t~Gry --~-I} t•j ~ crj rl'~ <br />:_ <br />' 1$is vorgage is entered intobetween' L~e1IiRY 'L: EVERS, a singie pE rsOn <br />------ <br />_. ~_- .. <br />lhereid"Mortgagor,") anU <br />TI-IL; OVEftL9DID NATIOIdAI, "BANK OF (.'fL9NP ISI.,AND (herein "Mortgagee"j. <br />_- ~ 3ortgagor is Indebted to .Viortgagrc in the principal. sum of $ 20.500.00 ,evidenced by Mortgagor's note <br />dated 'June 24,-1982 herein "Note" <br />( ) provtding for payments of principal and interest, with the balance df the <br />indebtedness, rf not sooner paid, due and:payable on November' 24, 1985- • <br />To secure;the payment of the Nptr ,with interest as provided therein, the payment of a!I other sums, with interPSt, <br />advanced by Mortgagee to protect the security of this Mortgage, and t;ie performance of the covenants`and agreements o[ <br />the Sortgagor conta~red herein, Mortgagor does `hereby mortgage ahd convey to Mortgagee the following described <br />property located in Hall County, Nebraska: <br />tract of land comprising a part of the Sauthwest.Quarter of the <br />Southeast Quarter (S'4t~~SE~) of Section Thirteen (13), Township <br />Eleven (11) Nerth, Range Nine (9}, West of the 6th P.~9., in Ha11 <br />County,Nebraska, more.particularly described on the attached <br />Exhibit "A'r <br />'Cugether with ai! buildings, tmprovemenrs; fixtures, streets, alleys. passagevv a~,, , m;ements, nghts, privileges and <br />appurtenances loceted thereon or in anywise pertaining thereto, and the rents issues and profits, reversrons and remainders <br />thereof;rncluding,but not limited to, heating and cooling equipment-and such personal progeny that is attached'to the <br />improvements so as; to constitute a fixture; alt of"which, 5nciuding replacements and additions thereto, is herebydecfared <br />to be a parC of the real estate secured by the Sien of thts Vortgage and al! of the<toregoing being referred to hereima+ the <br />.,PTOPenY>, <br />Mortgagorfurther convenants and agree., with btortgagee, ac f~~~'ows': <br />1: Payment_ To pay .the indebtedness and the interest thereon as prortded in this Mortgage and'the Note_ <br />2; Title. Mortgagor is the owner of the Property. liar the nght. and authorn.y to mortgage thel'roperty, and <br />warrrants that the lien createdhereby is a first and pnor hen yin fhe Property, except as mayotherwtse besetfortfrherein. <br />`Che Property is subject to a a'hrrtgage,wherem ._.. <br />is the Mortgagee, recorded atBook - ,Page ,_ _ _ _ of the Mortgage Flecords of .,.._,~_ _ County, <br />Nebraska, which. Mortgage )sa lien pnortu thelien created'herebc. <br />G Other prior liens orencumbrances: ~.__. __ . , ,___-__ <br />3. Taxes, Assessments. To payw'hen dui ail taxes, special assessments and ail other-charges against the Property <br />and, upon aritt.en demand by~Mortgagee,to""add tc the payments regmred under tbe. Note secured hereby'; such amountas <br />ntaybo;ufHcienttoenabiethe.Mortgageetopaysachtaxes,assessmentsgrotherchargesastheybecome;tlue <br />1•. Insurance. To keep the tmprovemenW,now ar hereafter boated on the real estate described herein insured <br />against damage by 5re artd such other hazards as Mortgagee may require.: in amounts and with companiesacceptableto the <br />d~:ortgagee, nerd with loss payable to the Mortgagee. !n easel of loss under such.polic':es the Mortgagee.. tsauthorized to <br />adjust, collect and compmmise,in its discretion alt claims thereunderat its sole option, authortzedtoeitherapp]}• the <br />prcxeeds to the restoration of the Property or uponthe indebtednesssecured hereby; but paymehtsnereurider shall con <br />time anti! the sumssecured herebyare paid in~full: <br />.~. !Escrow For Taxes and lasurance. Notwithstanding anything contained in paragraphs $ and 4 hereof to the <br />contrary. Mortgagor shall pay #o the Mortgagee at the timeof paying the tnonthiy installments of principaland interest, <br />ene-twelfth of the cearly taxes, assessments. hazardinsurance_premiums, and ground rents(if any which mayattain a <br />priurity over inn Mortgage, al[ as reasonably estrmated from time to time by the 'tlortgagea_The amounts~so paid~shall be <br />held by the ~4origagee without interest. and appfiedrto thepayment oftfie items inrespect towhich suehamountswere <br />deposited. "h unts paid to Mongagee hereunder are pledged as additional security for theindebtetlnesssecuredby Lhrs <br />Mortgage.-h? :rtgagort~,hatl pay to Mortgagee. the amount of anydeficiencybetween the actual taxes, assessments, insurance <br />premnnrts at,d ,round rents and'tbe deposits hereunder within '10 days after demand is madeupon Mortgagor requesting <br />paynxsx thereof. <br />ti Kepair, \7arntc ~ceand Use, Tn promptly repair. restore or rebuifdanr buildings or improvements now or <br />h rat tr .~,~ tn~~ t'ruperty, to keep the Property fn good condition and repaa_ without waste, end freefrom vnechanids or <br />nth rr liens ttot «preasly subordinated ro.the lien hereof: not to make, suffer orpen»it: an}' rquisanci~ Coexist, nor to dimin- <br />ish or impau the aattta of the. Property by am act: nr cxnissinn to act; and tacomply withall requiremunis uC law with <br />•.res)ri ct to the Property... <br />