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MORTGAGE $2 ""Z3 C~ J ~. i ~.
<br />This Mortgage is entered into between FiEi~l' W• ~~~ and LANITA K. 1~E5`ER as teTtaxfts
<br />_ - ~ in crri'rrrnn - ,T T {herein "Mortgagor") and' ~ _ -
<br />TTFF () 7,ANfl NA't'T/$IAT. F3ANK t~F f;RANfI SSi.ANRY(;ranri island, 'VF (herein"Mortgagee").
<br />- Mortgagor' is.indebted to Mortgagee in the principal sum-of $.~..,~~~- i i ,evidenced by Mortgagor's note- -
<br />dated: Nbv~lber 16 ; 198?{herein "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness; if not:sooner paid; due-and payable on Ck~tnher 15, i 9R5 ,
<br />To securethe paymentoE the Note; with interest as provided therein; the payment of all other sums, with interest;:
<br />advanced by Mortgagee;to pratect'tfre security of this Mortgage, and the performance of the covenants and agreements of
<br />-- - _, ~ We Mortgagor contained herein,_.Mortgagor does~tiereliy--mortgage and convey-to Mortgagee the-.foflowiag;described, --- -- -_
<br />property located in Hall County, Nebraska:
<br />.The Southerly-Sixty-'Itsn (62) Feet. of the Westerly Forty-
<br />- Seven (47) Feet of Lot Four (4) in Block Thirty-One (31)
<br />in the Original Town; now City, of Grand Island, Hall
<br />County, Nebraska.
<br />- - -- Together with all buildings, improvements, fixtures, sheets, alleys, passageways, easements, rights, privileges and -
<br />- - appurtenances located thereon or in anywise pertaining thereto, and the nets issues and profitr, reversions and retnainders_
<br />- - thereof; including, but not limited to, heating and cooling equipment and such personal property that is attached.to fhe_
<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 lien of this Mortgage and-allbf Lhe foregoing being referred to herein as. the - -
<br />,.~perty„
<br />_ - Mortgagorfurther convenants and.agrees, with Mortgagee, as follows: - - -
<br />- _ - 1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and Lhe Note.
<br />2. Title. Mortgagor is the owner of the Property, has the right and authorit}~ io 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 rite-Mortgagee, mcorded at Beok .~ ,Page _ __._ _ of the Mortgage Records of _.,. _ County,
<br />- - _, Nebraska, which Mortgage is_a lien prior io the lien created hereby. _ - _ - - -
<br />- - ~ Other prior liens.or encumbrances: _._. _ . .. ........ .. _ _._ _:_ _._..._.-__ .. ,--_----_.-._
<br />3. Taxes, AssessmePts. To.pay when due all taxes, special assessments and all other charges against Lhe Property
<br />and,: uponxritten demand by.Morlgagee, Lo add to the payments required under the Note secured-hereby, such amount as_
<br />- may be sufficient to enable the Mortgagee to pay sucfi taxes, assessments or tither charges as they hecome due. - -
<br />- - - - - 4, tasuraneB. 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, end with Toss.payable to the-6torigagee. In case of loss under-such policies the Mortgagee is:authoriied to
<br />- -- - adjust; eoUecY and compromise, in its. discretion; all claims thereunder at its sole option, authorized to either-apply the -
<br />- - proceeds to tbe-restoration. of the Property or. upon theindebtedness.secured hereby, but paymenishereundershall-con-
<br />-- time untll~thesumssecuredhereby_are:paidinfull... - -_ -. - .- - -. -
<br />:. - 5, ;] Escrow F.or Taxes sad Insurance. Notwithstanding anyth)ng contained in paragraphs 3 and 4 hereof.to--the
<br />c4gtsbry,_Mortgagor shaij,pay to 4he Mortgagee a4 the time of paying the monthly msts)lments of principal and interest,
<br />- - oi}elwelfth_gf the-yte;iy taxes, assessmeats;,hazard-insurance gretuiums, and-ground rents, {ifauy)which may attain a- -
<br />priority over -this. Mortgage, all as .reasonably estimated frmn time to time. by the IDiortgagge. The amounts sopaid shall be
<br />- held by the Mortgagee without interest and applied-to the -payment of the items iti respect towhich such,amounts were
<br />- - deposited, Thesuu't5 paid-.to Mprtgagee.hereunder are pledgcd.as-additionai.sccurity for the indebtedness secured by this
<br />Mortgage, Mortgagurshall-pay to Mortgagae.the aotsiunt of nay deficiency between the actual taxes, a...,•>..ments, -Insurance -
<br />premiut0s anti groumt rents and ilte,deposits-iiereunder within 10 days after demand is made-upon . :gugor recjtic~sting -
<br />gaynieut thereof.
<br />- ' - $. -Repair: lltaiPten4Pee and•11ae, To, promptly repair, restarr-or rebuild-any buildings or improvements now or
<br />hereafter oti the Property: to keep the Property in.good canditiun and repair, wiifiout waste, and tree from mechanic's ar
<br />- _ - - otiter.kfens.POt exprersly-subordtnnled tr the lien lien<oP; not: in make, suttee ur permiE any nuisance to exist, bar to dimin- -
<br />iph $r impair the value af'ti~r Property by- any net dx omission (u iN't; Nod-ko ci>mply with al) requirements of law with
<br />rra,peet tothe:Proppr{y,
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