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<br />MORTGAGE ~~ „~„ !j ~ 4 ~ rj
<br />This Mortgage is entered-into between R'ILI.IAM C. FIS(~iER and SKARIE L. FI~1 i _
<br />Httsbartd and tYiYe {hereih "Mortgagor") and
<br />THE" OVIIiI;APID NATIONAL RANK OF GRAND ISLAND, Grand Island, Nebraska {herein "Mortgagee").
<br />- -Mortgagor is indebted to-Mortgagee in the-principal-sum of $ ~, 000.00 , evidenced by Mortgagor's note
<br />dated~y~ 19, 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 November 19, 1987
<br />To secure the payment of the Note, with interestas provided therein, the payment of all other sums, with interest,
<br />advanced bq Mortgagee to protect the security of this Mortgage, and theperformance of the covenants andagreements a[
<br />the Mortgagor edntained herein, Mortgagor does bereby mortgage and convey to Mortgagee the following described.
<br />property locatedin Hall County, Nebraska: -
<br />Lot Thirty One (31), in Block One (1),
<br />Continental Gardens, an Addition to the
<br />City of Grand Island, Hall County, Nebraska..
<br />" Together with alI buildings, improvements, fixtures, streets, alleys; passageways, easements, rights, privileges and
<br />- -appurtenances located thereon or in anywise pertaining thereto, and the rents issues and profits, reversions and-remainders .
<br />thereof including, but not limited to, heating and sooting equipment and such personal property that is attached to the
<br />- - improvements so as to constitute a fixture; all of which, including replacemenls.and additions thereto, is hereby declared
<br />- to.be a part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as:the-
<br />; `Property"
<br />Mortgagor further convenants and agrees, with Mortgagee, as foilorvs: -
<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 first and prior lien. on 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 I3ook __ ,Page _. _..__. -_ _. of the.Morlgage Records of __ County,
<br />Nebraska, which Mortgage is a lien-prior to the lied created hereby. -
<br />^ Other prior liens or encumbrances:________.__._._..__.
<br />- - - - 3- Taxes, Assessments. To_ pay when due all 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 />mapbe sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />-- 4. 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 aceeptable.to the
<br />- _ - _ Mortgagee,. and with loss payable to the Mortgagee. In. case of loss. under such policies the Mortgagee_is authorized to
<br />adjust, collect and.oompromise, in its.discretipn, all claims thereunder at its sore option, authorized to either apply the
<br />proceeds. to the restoratiop of the Property or upon the indebtedness-secured hereby, but payments hereunder shall con-
<br />-- tique until the-sutras secured hereby are paid iafu0.
<br />-' 5. `O--Escrow For Taxes and insurance. Notwithstanding anything rnntained in paragraphs 3 and ~l hereof to the
<br />contrary; Mor'i~gor-shall pay-to the Mortgagee st the-time of gaging the monthly instaftnients of principal and interest,
<br />Otte-twelfth, of-the yearly; taxes, assessments, haaard insurance premiums, and ground rents (it any) which may attain a
<br />priority aver this Morcgaga, all as reasonably, estimated frohi time io time by the Mortgagee. The amounts sa paid shall be
<br />held:tty the !tkiirt{ta~ee.p!ititout intexesE and-apptted to.ihe,payment of the items in rospect to which such amounts were
<br />deposited. the sums. paid "to .Rtortgagee hereunder are pledged as additional- security for the indebtedness secured by this
<br />_ Mortga+!,e. 19urtgpqur~tall pay to,MOrtQagee:the amount of _aoy deficiency between the setual taxes, assessments, insurance
<br />prakmiunu and-gmued'reats and'ttie,d?posits hereunder within It)-days after demand is made upon Mortka@vr requesting
<br />paYinent f.hcrsof+`
<br />- - t% Itepair, Matntrnanee and USB, To promptly repair, restore ar rebuild any buildwgs or impr<,rrmants now nr.
<br />haataftt~' on rite. T'irtpaxty; to keep thy? Property ttt Boot} condition abd repair, without waste, and free farm mcrhunic's yr
<br />oNterjit'ns not ex(xttvlsly sttbprdinstr:d to tare lien hereof, not tv mane, sorter or perntit any nuisanrn iv exist, nor to dimity-
<br />- rah 4x.itxtpatr tht, yxtut' tzt ihv Property by any. sct ur C.nliaFtan to-act: and to comply with iii requiremeu?s of tart with
<br />rtvr)trc; w the. t!ruperty,
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