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<br />MORTGAGE ~2-...t1t~~~]~}.~
<br />This Mortgage is entered into between ROi7ert. 9. Ochsrier and Patricia D. Ochsner. _
<br />Husband and Wife __ __~____~________ (herein "Mortgagor") and
<br />THE OVERIAND NATIC%3AL BANK_OF GRAND ISIAND;Grand Island, Nebraska _(herein ``Mortgagee"):
<br />Mortgagor is indebted to Mortgagee in the principal sum of ~ 40 • ~• ~ __ ,evidenced by Mortgagors note
<br />dated -October 2~` ~.1~2 _ (herein "Note"} providing far paymenLS of principal and interest, with the balance-of the
<br />indebtedness, if not sooner paid, due and payable on Septeml:ier 25, 19$9 -
<br />~-r
<br />r` 2aseaurt Lhe payment of the Nate, with interest as provided therein, the payment of ail other sums, with interest,
<br />v`~.yi•-~ortpagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />e ortgagor contained herein, Mortgagor does heretry mortgage and convey to Mortgagee the Following described
<br />property located in _. Hall ~------ County, Nebraska: -
<br />Part of the South Half (Sk) of the Southeast (2uar-ter (SEA) of Section Thirteen (13);.
<br />Township Eleven (11), North, Range Nine (9), West of the Sixth (6th) P.M., more
<br />particularly described as follows: Ctatrntencing at a point twenty (20) rods North
<br />and ltventy seven (27) feet East of the Southtttest Corner of the South ~ of the.
<br />Southeast Quarter of said Section Thirteen (13); thence continuing North parallel
<br />to and twenty-seven (27) feet East of the West boundary line of the South ~
<br />Southeast Quarter aforesaid (SASE}) of said Section Thirteen (].3), for a distance
<br />of 20 t~~ds; running thence-east parallel tt•ith the South boundary line of the
<br />South Half (~} of the Southeast (~rter of said Section for a distance of 8 rods;.
<br />running thence South paz~allel with the West btxunda:t-~- line of the South ;Southeast
<br />Quarter of said Section 31 for a distance of 20 rods; 2tiutning thence West pasa11e1
<br />w2th the South botundary line of the South z Southeast Quarter (SkSE.;) of said
<br />Section 13 for a distance of 8 rods to the point of beginning and containing 1
<br />acre lmre or less.
<br />'Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appartenances located thereon or in anywise pertnming thereto, and the mats sisur+ and prolits, mversiuns and remainders
<br />thereof; including, but not limited w, hentmg and canting equipment and such personal property that is attached to the
<br />improvements so m to constitute a fistum; all of whtch, urc9uding replac~rments and additions thereto, is hereby declared
<br />to fie a part of the real estate secured by the Iten of tht. Mortgage and all of the furegmng being referred to.herein as the
<br />.,~perty„
<br />37ortgagor further convenan is and agrees, with Mortgagee, a, fuilows~
<br />1. Paymen6 To pap the indebtedness and the mtrnot thcn•ott a, Vros°tded m this Mortgage and Lhe Note.
<br />2, Title. :Mortgagor is the owner ut the Property, 2m~ the nKitt and authunty to mortgage the Property, and
<br />warrants that the lien created herabe rs n first and pnor hest on th+• Pnrpeng. except as may otherwise be set forth herein.
<br />t~'I'he Property rs subject to a Mortgage wherein - .- -- ---
<br />is the Mortgagee, recorded at Hook , Pagc ru the Alangage ktecords of _ ._._..~_._______~County,
<br />Nebraska, which Mortgage is a lien pn4>r to the h<vt created nerrn~
<br />C; tJther prior liens or ena umbranrt~:. _.. _..____
<br />3. Taxes, Asaesstttents, '£o pay when clue ail taxt~, -pavial assrssnrents and ail other chargt5 against the Property
<br />and, upon written demand by Mortgagee, w add to the payments reyuimd under the Note secured hereby, such amount as
<br />may be suffietent W enable the Mortgagee Lo pa} such tarns. assa~sments ar other charges as the} 6eeome due.
<br />~. tttatnnce- 'i'o keep the improvements now or hereafter lacaled on the real estate described herein insured
<br />agairtst damage try fire and such other hazards as ;Nortgag+•t~ nwy' require, in amounLS and with companies acceptable to the
<br />Mortgagee, and with ltxss payable to the Mortgagee. !n case of ftns under such policies the Mortgagee is authorized to
<br />adjust, coiteat and compromise, in its discretion, ati claims thereunder at its so{r option, autharized to either apply the
<br />praaeeda to cite restoration of the Property or upotr ii+e indrbiednr>s nra urrd iretrby, bui payritenis hen•uou'ei eha{l con-
<br />tinue until the Wrtts secured hereby ar>? paid in fui!-
<br />- B. f"k Betxovs For Tenet: acrd ltisuranre. Notwithstanding anything contained in paragraphs 3 and ~t hereof to the
<br />contrary'. MoRgagor shed pay to the Mortgagee at the time of paying. the monthly lnstaifinents of principal and interest,
<br />txne•twalfth s~f iha yearly taxes,assesstnents. heard insurance premiums, and ground rents {i{' any}which may attain a
<br />- prtarlty over this MortP,agr, all as rrasonablg estimated Len; tune to time by the Martgagev. 1'he amounts sa paid strati be
<br />held try the Mortgagee. wiLhtutt. intesast and spplied Lo the payment of the dents m respect to which such amuunta were
<br />depttsitcd.'Tfie sums paid to 34ottgngea-beraunr~r are pledged as additional secunty fur the indebtadn+.•.++ - ~ •,~d by this
<br />ttfiodgag€v.3'ortgagcrahaUpay to Mor'tgagea the amdan4 at any deficiency ttatween ibr aciuat laxe_a, asxa+.n++ usUraace
<br />preniums tm6 ground rents and Ehe depusrta hereunder w+thin !0 days attar demand rs made upon Murtgagc+r requesting
<br />- pftyraapLtherrof.
<br />8. Repair, +a1aNtNtitanr~-an$ Uae. 'tb proatptly npa'tr, rvsiorr ar eebaild any laukidiag, or tmprrsre•me;ats now ur
<br />h>rtt.'aftar as ibe Fsrtrper(y' m kt~p the Pr+perty to gtwd eandtrnn and repair, without waste, and free from mechanic's ar
<br />ot~r1R•its ever «zpressiro~ subrmltnatad to the l+an harr+~f; etut to nuke-suffer ~5r :vrrteit any naisaucr to ettrst, nor h~ dsnun-
<br />!s#t- ar~ impai><i the valua• of the Property bye nay net or r+m3ss'lrrn to act. and to comply wtth aIt nrgairernent~s Pi' law with
<br />n~gpet:t to the Prc~rip:
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