|
(~
<br />~~.,.,~, 4 ~ C- E3 7 4 9
<br />SECOND MORTGAGE
<br />ibis Second Mortgage is 'executed gay HEt=Ri ALLEN SWANS0~4 and
<br />C'ARLA k. SP+AtSCT3, husband and wife (,~iortgac~cr) to LAtiQRr.NCE li.
<br />FR~F:rt and LEOLP. FRAHM, husband and 'wife, as joint tenants
<br />ftdortgagee) .
<br />`T'he. Mortgagor. in consideration of the:.sum df $27500.Op,
<br />received b,~ the'Martgagor, hereby .conveys to the Mortgage, its
<br />successors and assigns, 'foretrer the real estate !property)
<br />described as fol~ows:
<br />Lots 3? and 38, Belmant Addtian, Grand Island, Hall
<br />County, Nehraskas."
<br />This Second t~iortgage is given tc' 4ecure the .',payment of a
<br />Second foxtgag~ ?3ote, -:free from'encumhrance ex~,ept a certain -r~a1
<br />estate mortgag,a to First Feder4l Savnr3s and Loan Association
<br />retarded as Instrument No. 79-0054, from the Martgac7ar to the
<br />Mortgagee, of even date, and constitutes a. Security.Ayreem~ent
<br />with cesnect to fixtures attached>to tYie property_
<br />The Mortgagor warrants that the Mortgagor is lawfully aeis~d
<br />of a fee si.^..ole title "-o the prataerty, free- from encumbrance,
<br />except has`u31 authority tc conve.~ the property and will
<br />wawa, t and defend to titlra to the property against the claims
<br />of ail aersans.
<br />The Mortgagor agrees tc~ pay;the indebtedness hereby secured,
<br />whar. due.
<br />The Mortgagor wall pay all taxes, assessment ~~nd ether
<br />charges which Ica±r become 3:iens upon. the property, wher. du.~~, and
<br />before delinquency.
<br />the ~fortaagor v:;ail naintair =ire and extended coverage
<br />insurance, covering the improvem~e~ntson thenroperty, with such
<br />company ar.d :.n such amount 'S s?tali be sat isfact:ory to the
<br />I~7artgagee, :aitt: the ^roceeds o: ..=_ny loss pad•able to the Mcrtgagee
<br />del ivered to and held 'may the :iortaagee, ant. +apon rcreclosure n
<br />this Mortgage or ether trara`4~r of the title t:; the ;property in
<br />satisfaction cf the indebtedness hereby secured, all right., title
<br />and interest of the Mortgagor in and to such iasura-,ce policy
<br />shall pass to the grantee of the property.
<br />The Mortgagor shah not :"vI~'~riit cr permit waste a: d sham.
<br />maintain the inprave~ents on tY.e property _.. go=~d conditicn and
<br />rea_air.
<br />The +iortaagee may inspect the ar.;perty and the ii^pyovemer.}~s~
<br />thereon at ail reascrable tia!es, and ~:pe;: de`ault by the '~:ortga-
<br />aer in the c7ainterar:ce thereof, the °.ort:~agec ^ay p~_ri:r, su~:ii
<br />r.^air.*_enanc.e ar.u adc~ the ~~xpeasc t:,erecf `,e the: ir;ciral r>ala:~cc~
<br />of thn note_
<br />7~-1 th~a e.-ent c,` less or ::am G:IU ?_c ~~tri ;;- me>_.;_~, -. ure ~,
<br />.., t;:C UTG ~Br t , ~;:£ t''lDYtad ~Cr -~ _y_.- tC 'EI,'.~d t.~ 1 E:~'C
<br />S li ~'^. _xIlt:.Y,'J.,T_En;___ __ }„t:3 '-._,,. _~ _z}e~' _s~~, ~;9 .. ~___ naT
<br />
|