|
<br />82=-~)Cf~<~iE_~
<br />MORTGAGE
<br />This Mortgage is entered into between ~~ J. SPdi'ANSKI and JOANNE M. SP{7PAN5KI
<br />""- Husband and Wife
<br />_ ^_,___ {herein "Mortgagor"}-and
<br />THE OVERLAND NATIONAL BANK OF GRAND ISLAND, Grand Island, Nebraska __{herein •'Mortgagee"):
<br />Mortgagor is indebted to Mortgagee in the principal sum of ~ 17.519.61 ,evidenced by Mortgagor's note-
<br />- dated NOV$t~er 15, 1982 (herein "Note") providing for payments of principal and interest, with-the balance-of the
<br />indebtedness, if not sooner paid, due and payable on Novetr3~er 1, 1989 ,
<br />To secure the payment of the Note, with interest as provided therein, the payment of all other-sums, with interest,-
<br />" advanced by Mortgagee to protect the security of this 14Iortgage, and the per[ormance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the fo#lowing described-
<br />property located in Hal"1~ County, Nebraska:
<br />Lot Fifteen (15) in Capital Heights Seventh Subdivision,
<br />Hall County, Nebraska..
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining [hereko, and the rents issues and profits, reversions and remainders-
<br />thereof; including, but not limited to, heating and cooling equipment and such. personal property that is attached to the -
<br />improvements so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part-of the real estate secured by the Tien of this Mortgage and ail of the foregoing being referred to herein as the
<br />"Property„ .
<br />Mortgagor further convenants and agrees, with Mortgagor, as follows;
<br />1. Payment. To pay the indebtedness and the intere,l thereon as provided in this Mortgage and the Note.
<br />2. Titre. 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 first and prior lien on the Property, except as may otherwise be set forth-herein.
<br />D The Property is subject Lo a Mortgage wherein __ .. - _ .. _ __ _._
<br />is the Mortgagee, recorded at Book _ ,Page _ __ .. -.. _ of the Mortgage Kecords of _ __. County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />OOtherpriorliensorencumbrances:_____.__.--____. -.- _-_-_...____..__.....
<br />- 3. Texas, Assessments. To pay when due all taxes, special assessments and alt other charges against the Property
<br />and,. upon written-demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />tray be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />~ Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />_ against damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />- - Mortgagee, and with ,lass payable to the Mortgagee. In case oC loss under such policies the Mortgagee is authorized to
<br />adjust, collect and compromise, in its discretion, all claims thereunder at its sole option, aulhorizedtoeitherapply the
<br />proceeds to the restoration of the Property oe upon the indebtedness secured hereby, but payments hereunder shall con-
<br />- time until the stttns secured hereby are paid in full.
<br />- - - -5.. D Esaeaow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary; Morigagorshe#1 pay to the Mortgagee at the time of paying ,the monthly installments of principal and interest,
<br />one:twelfth of the. yearly taxes, assessments, hazard insurance premiums, and ground. rents (if say}.which may attain a
<br />pdarity Dues this.Mortgage, all as reasonably estimated from time to time 6y the Mortgagee. The amounts so paid shall be
<br />held. by tlte, Mortgagee.without Interest and applied to the payment of the items in respect to which such amounts were
<br />depoa#ted. 'I'h¢ alleles pald_to Mortgagee hereunder are pledged as additional security for the indebtedness secgred by this
<br />MttJ~age.,#lortgagorshal# pay to Mortgagee the amount at any deficiency between, the actual taxes, assessments, insurance
<br />'°-'-~ pretatiuais and ground: rnnte and`the deposits heteugder within- 10 days aft?r demand is made upon Llrtrigagor requesting
<br />payrncmttheteot.
<br />- 6: t2epsir, Maiutettaues tnd iJae, To.promptly repair, researe-ar rebuild any buildings or impravernents now or
<br />hmeafikr,irrs the Property; to keep the Property lit grind condition and repair, without waste, end Free Gom mechanic`s or
<br />athert#ena not expressly suiwrdiaated to the lien hereof; not to make, suffer ar permit any nuisance to exist, nor w dimitr-
<br />taii ar impa#x the valtte of the Property by any-act or omicsaon to act: and to comply- with sli nrquirx~ments of law with
<br />r€spc,ct to the Properly:
<br />
|