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<br />82 --~ u ~~ G G~
<br />MORTGAGE
<br />This Mortgage is entered into between' PAUL R. E3u1PFIEID and JOI~TE A1. F2tPFIII,D,
<br />.~tltxband azid Wig _ (herein "Mortgagor") and
<br />'iFiE OVIIIt.ANt3 NATIONAL BAAfiC On' C~AND ISZ.Ar~ID Grand Island, Nebraska .(herein "Mortgagee").
<br />.. ~ Mortgagar is indebted to Mortgagee in the pdneipal sum o[ $ 1G.000• ~ ,evidenced by Mortgagor's note
<br />-dated October 2&, 1982 -(herein "Note")providing for payments of principal and interest, with-the balance of the '
<br />iadebtedness; if not sooner paid, due and payable on Novsnt)er 1, 1987.
<br />- -. To secure lice payment of the Note, with interest as provided therein, the paymenE of aiL other sums, with-interest, -
<br />advan~ed by`Mortgagee to protect iha security of this Martgage, and the performance of the covenants and agreements of
<br />the-Mortgagorcontkined herein;Mortgagdr does hereby mortgage.-and convey to Mortgagee the following described
<br />Property. Located in Ha1~ ~`.- r~-"~ L'ountq 3`Ie64aska:
<br />Lot Sixteen (16) in Block Ftntrteen (14) in Ashton Place,
<br />an Addition to the Citp of Grand Island, Ha11 Cotanty,
<br />Nebraska.
<br />Together witb all buildings, improvements, fixtures, streets, alleys, passageways, casements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents issues and profits, reversions and retnainders
<br />tltereot; including, but not limited to, heating and coding equipment and such persona{ property that is attached to the
<br />improvemenu so as to corutitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by [he lien of this Mortgage and all of the foregoing being referred to herein as the
<br />..~~rty„
<br />Mortgagor further coneenants and agrees, with Mortgagee, ac fotiows:
<br />1. Payment To pay-the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2 Title. Mortgagor. is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants that the lien created hereby is a that and prior lien on the Property. except w may otherwise be set forth herein.
<br />^ The Property is subject toe Mortgage wherein.... -.. - ...-.._._,_..._..______._,.________
<br />is the Mortgagee, recorded at Book _.__ ,Page : _ __ _ of the Mortgage Records of ____--,._______.County,
<br />Nebraska, which Mortgage is.a lien prior to the lien created hereby. _
<br />^ Uther prior liens orencumbrances:-.- -_._-_ _... -_.... - _ ..~.~ .. _. _-._._ __.__
<br />3- Taxes, Assessments. To pay when due all taxes, specie{ assessments and all ocher. charges against the Property
<br />- - apdx upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />tttgy be su(fiaent to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />- - 4. tnsurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />sgetgs! damage by 8re and such otber harsrds as Mortgagee may require,-in amounts and with companies acmptable to the
<br />- _. ~ bigrtgagec, earl with loss payable W -the Mortgagee. in case of toss under such polities the Mortgagee- is authorized to
<br />aai~=at, collect and compromise, is its discretion, all claims lheceunder at its sole option, authorizrdtoeitherapply the
<br />proceeds Lo the-t~ioration-o[ the Property or upon the indebtedness secured hereby, but payments hereunder shall con•
<br />tlApe gnttl:the suthasetatred hereby are paid in full.
<br />4 Egcaow Far Tttttes sad tcatraace. Notwiihstandinganything eoniained in paragraphs 3 and 9 hereof Lo the
<br />ooaYtary;.Mot3pgor shall. pRy to the ttaortgagee at the tierce of paytng the mvnthiy iatta0mvnts of principal and bntetesi,
<br />ari>ttwattth of Ehe- ya~rty btxes, atseasnwnwALs, hazard insurance premiurrts, and ground rents (it any) which may attain a
<br />ptr:~Ly o~ 5tiis'r'at£gage. , 'at ~ r~ esifcated from time tv time by -the Mortgagee. The amounts so paid shat! ba
<br />beid4y the 16tori>iu~e ~ibhaat lataLaai sad aPpfted to the payment of the items in respect to which such amounts wore
<br />daptfaited: Ti»<• sums paid to b~OStWyee b~ar4nmder are pladged ss additional security for the indebtednesr. saluted try- this
<br />SfoZtgege. hSartgagt>rahtdipsy to Alpiyplgee list amount o[ say: deficiency between the actual bane;,', assessrrtenis, insurance
<br />piemiums and groAAd [ants aodthe.dtrposiia hereunder within If) days alter demand is needs upon Mvrlgagur ,,,sting
<br />- ~;. ~ pRyawut thgrept, ... - - - - -
<br />6, ftgoair~ItxbrjptanitAxaaud Upk- To promptly r€pair, restore or rebuild any buildings ur tmprurt~ments now or
<br />tit~ieattsr ou. tpc Ptaparty; to keep. the thvpw'ty in good coadttion and repair, without waste, and few? fwm mechatdr's or
<br />- otbtr [feoi nut rxptrasiy,,aulrordina4ad-to We tied bureof;.nut tu-retake, sutler ar.permit any puisaucato exist, nor to dtmia~
<br />#ult'vr iatpsic elm vaitae,:of tt+; Properly ]fy ipy sct of omiaaion to art; and to comply w#tLt alt requiretnettts of )aw with
<br />rwp.•et kr ttta PropRrty.
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