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i4r~~T~~G~
<br />T'nis Mortgage is entered into between .. __Bd~ '.tLT:_. P_hi_li.nr~i. an____r _,7 Nai7F211 PHi iip~l::r._:~_,In1Ri__TGnant~
<br />with Sight of Survivorship and nit as to ants a^ ca:rmn
<br />__.--. - --_--- ___ Therein "Mortgagor") and
<br />T'he Oc>erland National Bank of Grand Island :herein "Ntortgar;ee").
<br />Mortgagee is indebted to Mort~agc:e in the principal sum of,~. 61-.~c~~,7~, eti~denced Gy Mortgagor's note
<br />`3ated __ AUNT, 3, i~~ (herein "Note"I providing fnr paymon is of principal and interest, with the balance of the
<br />December 1, l9f?2
<br />indebtedness, if not sooner paid, due and payaDte cn,_
<br />To secure the payment o` the Note, -,cith rote rest a proetded therein, the pay :erne oC all other sums, with interest,
<br />advanced 6y Mortgagee to-jrro,teoLdhecocuaty.nf this 3tongage, and the performance of the covenants and agreements of
<br />the Mortgagor containfd-3l[1~1ti*7101~Ml~agNF~11t>e~" hiYeb_v r.=.ortgage ar•d convey to Mortgagee the following described
<br />- 'Wir.a :' ~Pawfc~
<br />property located in .-~~'2c"~=,~.,~i~~`i~inh'°°\ebraska:
<br />The Easterly Twenty Feet (2Q') of }rat Fifteen (151, and Lot Si~-t~n (16) both
<br />in Block Three (3), Second 9dditaat tQ Holtxxnb's ~Aighcvag Hanes Sutxliv3sion,
<br />being. in the Northeast Quarr_er (NP.?~) of'the Northeast Qua~~-ter (NE;; of
<br />Section Twenty-Eight (28), Towisship Eleven (11)North, Rance Nine (9) i4est
<br />of the 6th P.`f. , Hal-7 G»uttc, Vet~t'aska.
<br />Together with all buildings, improvements, ^xtu res, streets, alleys, passageways, ease menus, righw~, privileges and
<br />apparteoances located thereon or in an}~wi~e pertainhtg thercU!, and the rents issur> and profits, reversions and remainders
<br />thereof; including, but not limited to, healing and nroling cyuipment and such personal property that is attached to the
<br />improvements so as to constitute a fixture; art of which, including replacement and additions thereto, is hereby declared
<br />to he a part of the real estate secured br the lien of thi. ?dor[g'sge and al! of the foregoing bang referred to herein as the
<br />"Property".
<br />Mortgagor further convenareW and agrees, with P]ongagce, as follows:
<br />1. Payment. To pay tihe indebtedness and the interest thereon as proeidvd lit this h1ortgage and the Note.
<br />2. Title. Mortgagor is the owner of the Property, tin. the right and autito^t~- to mortgage the Property, and
<br />warrants that the lien created hereby Gs a first and prior Gen oa th~• Prc perw, c°zcept, as :nor otherwise be set forth herein.
<br />^ The Property is subject to a Mortgage wherein
<br />is the Mortgagee: recorded at ]3ook ____.. _, Page _ _ ~,t the yhxt,gage Kecords of _.___. __ __CountY,
<br />Nebra,+ta, which Mortgage is a. Gen prior in the lien crcau~d herrbe_
<br />e9 f)ttrerprioriicnsorencumbranr~r~s-.----_.._ -..-._..__ _._._. ._ _.--- -_----------------.--
<br />3. Taxes, Assessmen Cs. To pee when due ail taxes. special a s~samea is anu all other :harges against the Property
<br />and,upon written demand 6y Mortgagee, to addto the payment-; requved under the Note se~curcdhereby,;ucharaount as
<br />may be suftident W enatae Wee 4ortgageeto pay such taxes, ~csc>;menu or other charges as they become due.
<br />4_ Insurance. To. keey_the improvements now iu hereafter located on the real. estate dase;ib<d herein hesured
<br />aguust darruge by fin; and surer other hazards as y4crtgagec may require. in amounts and weLh companies acceptable to the
<br />~Martgagee. ~~~twithlt>ys payehie to the "dortgagec_ in tale o[ ;osa order su ,h poLcies {he Mort{;ageu is authorized to
<br />idjast, ccdlect-.and compromise- in-iU ~3iscretion, all Nainu thrreur,dcr-a1. its aole opuen, auLhorl.ed(o ci th e: apply the
<br />proceed: to the restoration of the Property or upon the indebtedne~si secured hereb~r, but pay,-nenis hereunder shall ccrn-
<br />time until the sure secured hereby am pa-d in futl_
<br />5. ~:. Escruw• For Taxes an.3 insyrance. ~iotreitbstanding a tv,t~,ing containird in parngraphs ~ and ,i hereof W the
<br />contxar,,'vlortg.~u* st:ail pay to the 'alorigagrm zt the ti:nr of paying the ~r;on~4els installments ot` orincipai acrd interest,
<br />'~" one-twelfth oi~ the Dead} taxest acsrssments, hazard 'insurance prr.nrums, ar.d ground rent; (il' aryl •,vhich :nayatiaiu a
<br />p-ionty over- This hiorfgage, e[I. art reegc:nehit~ rsti;nated from rim<, to time :,y- tl ~ Al x[gag~-.~ The amt ants so paid shat! he
<br />held by the Atiortg,:~+r>< ujthont interest acs applied to tier pa}~ment :'.the items in. reapi. to n~hich such amounts e-ere
<br />depasrted. '!'rte stanu:paveto Mor~gageehercunder are ptedgc~d as ac's-tonal s~c.~rity G>r that indebtedness secured by this
<br />'wiprtga~e,.SSorzga~orshaE;pa to 3loripagee the atauunt of am~ defici~ r_cy bctwt n . .u_ctual fav_, as. .?mecns, in.;ermre
<br />pze~ma..r[ta and grattrd :eufs find She deposits tiareuxtder ~.ei;.hiri t0 dati s a`kr: demen•~ Vs made up:,r:lRort.gagor :r~,ue,ti~+g
<br />payni.';nt thereof.
<br />fi_ Repair, Aiaile tenanct~ and Use. ~iu oromgGy u~pair, rr~~tore nr reudaA c1ny bw n]ings or Irrpr-r-re, tie - . tu:w n.
<br />hereiaftet <>n :hn. Proprtt3, to ?.gstp [he }'rmprry In gcK~d .. ondEt_o [= xr d i. poi>. w~,. :±uc w1- r. ..ed f.~r~ :rum rnr rt^x'~ o-
<br />~Carr,..~ai•,tsY~..-,52;1 SUI,~.~rdipaH-c to tsar tier hc:voS, rcrt.o ruas~, ;. flee o: t, mart aG: .w~ant,~~la s,„~r ~~~ti rv-i.
<br />ieh ar unpair i3xe vafua~ crf the ~c~z` r 4 b~ arty a.[ :rr ~ ~ i ',a r. ,. e, ~ r, aG.3 .~. .>reliac u~t^ ~, r~~y; ~. ~ u :ilh
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