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<br />MORTGAGE $Z~' t}95~
<br />This Mortgage is entered into between T H. 'IHE'~A•SIt~YER AND IRIS A. THEASM&'YFR
<br />Husband and Wife {herein "Mortgagor','} and
<br />" THE OV~LiAND NATItJNAL BANK QF GRAAID I.`-`IANi); Grand- Island, NebTBSka _(heretn "Mortgagee").-
<br />-. Mortgagor is indebted to Mortgagee in the prncipaf sum of $ 58.833.65 . ,evidenced by Mortgagor's note
<br />~}gd NOVel11}JeT I5, 1982 {herein "Note") providing:for payments of principal and interest, with-the balance'of the
<br />ihdebtedmss, if noL sooner paid; dire and payable on- NOVeiIIbE'r 15, 1983
<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 Mortgage; and the performance of the covenants and agreementa oP
<br />the Mortgagoc contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the fotlowing:deseribed~",-
<br />property located ih Hall Gounty,• Nebraska:
<br />I,~t 2, S4estern Heights Fifth Subdivision, Hall County, Nebraska...
<br />AND
<br />Lot Fourteen (14), Western Heights Third Subdivision, Hall ('Aunty, Nebraska.
<br />A$ID
<br />Lot 158, West Lamm Addition,. Grand Island, Ha11 Cotmty, Nebraska,.
<br />AND-
<br />Lot Five (5), in Block Three (3), in Woodbine. Addition to the City of
<br />Grand Island., Hail fntanty, Nebraska.
<br />- Together with alt buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and -
<br />appurtenances located thereon or in anywise pertaining thereto, end the rants issues and profits, reversions-and remainders -
<br />thereof; including, but not limited to; healing and cooling equipment and such personat property that is attached to the-
<br />- improvements so as to constitute a fixture; all of which, including replacements.and additions thereto, is.herebydedared. _ -
<br />- to be a-part of"the rear estate secured by the lien of this Mortgage and all of the foregoing being-referred to herein-as the -
<br />"Property>',
<br />Mortgagor further canvenants and agrees, with Mortgagee, az Fultows:
<br />1. Paymenk To pay the indebtedness and the interest. thereon as provided in This Mortgage and-the Nofe. - -
<br />- Z Title. Mortgagor is -the owner of the Property, has the nght and authority to mortgage the Property, and
<br />warrants-that the lien created hereby is a first and prior lien an the Property, except as may otherwise be set forth herein.
<br />~ The Property is subject to a Mortgage wherein _.. . _.___.____`._____~~
<br />is the Mortgagee; recorded at Book _ ,Page ___ _ -_ ut t hr Mortgage Records of _ ~_ County,
<br />Nebraska; which Mortgage fs a lien prior to the lien created hereby
<br />_ ^.Dthecpriortiensorencumbrances:-.----..., - ..._. ___ _._..-_.......--_-----
<br />3: Taxes, Ass~ments. To pay when due sit taxes, special assessments and all 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 />may )resutftefent Lo enable. the Mortgagee. to pay such taxes, assessments ar other charges as they became-due. -
<br />4 Ytrsuratttce, To keep the impmvements now or hereafter located on the real estate described herein insured
<br />agairut.damageby fire and"such other hazards as Mortgagee nay require, in amounts and with companies acceptable to the
<br />Martgagee, and with toss payable to the Mortgagee. in case o[ loss under such policies. the Mortgagee is authorized to
<br />adjust,, collect and compromise, in its discretion, ati claims thereunder at its sole option, authorized Eo eitherapply the
<br />proceeds to the restorst}vn of the Property or upon 4he indebtedness secured: hereby, but payments hereunder shall con-
<br />- tihue un{fil the sums secured hereby are paid in full.
<br />ti; O $sctoty For Taxes and tnwrattce. Notwithstanding anything contained in paragraphs 3-and"4 hereof to the
<br />caattaty, Mortgagor-shall pay to the Martgggae at the tfroe of paying the monthly installments of principal and interest, .
<br />one-twa}fth of tt,e yeary tastes, ass~amants, haaard insuyance premiums, and ground rants (it anyj which may attain a
<br />priority aver-this .'doripge; all as reasonably estitnatadtfAm time to time by the Mortgagee. The amounts so paidshall be
<br />tyeld by the !t3etigagee ~vftPtout interest and applied to the payment. of the items in respect to tvhfc!:-such amounts were
<br />deposited 1'he sums patd,W Mortgagtva hereunder am piedQed as additional security for the indebtedness secured by this
<br />1Wnrttpge: Mort{rygor shal}ppy to Mortgagee the amaun{ of any deficiency between the actual taxes, assessments, inautanee
<br />puimlums and grouxtd tents and the :deposits hereunder within 19-days after. demand is made upon Mortgagor requesting
<br />_ : puljment t.hs~~ot. - - - - -
<br />fi, Rapair„ Staini~rtanca artd~Jaa- T'a prpmptly repeie, restore or=rebuild any buildings or imps<, ,o.,nts now-ot
<br />[terreRer on the Prapvrty; [o kaup tt:e Pepperty in good etaltdfripn and repair, without waste. and ft~ from mechanic's or
<br />father liens not expnwtly subupiinated to th4 Lien trareat; not in make,aufter or permit any puisanre to exist, ear to dimin-
<br />~h ar impair ;he ratue;of-the Penpettr by any act ter omiseivn to net;-and to comply with all tequiCrmenis of taw with
<br />_ - - resp<•rt to ttx Pruparty: - ~ - - -
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