|
<br />MORTGAGE 82--{)Q51S7
<br />'Ibis Mortgage is eezared into between I~~' L. SCIff{pII)ER and ICATARYN A. SCHROEaEIt,
<br />(" ~_ Husband^and Wife--- ----- - '_--_. -------- ---
<br />I _. (herein "Mortgagor') and
<br />'£HE ID YATTONAL k3lita{ OF GRA'vZ? ISLAM). Grand Island, Vebra_5}ta (herein ••Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 7Q, ~• 00 ,evidenced by Mortgagor's note
<br />datRd Deet~ttber 1, 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 y7a.}' 30, 1983,
<br />To secure the paymentof the Note, with interest as provided therein, the payment of alt other sums, with interest,
<br />advanced-bp Mortgagee to prokect the security of this Mottgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the foilowiitg described
<br />Properly located in Ha7.1 ____~__ County, Nebraska- _
<br />All of L,ot One (I), in I:-K Subdi~=ision. in the
<br />Citp• of Grand Island, Hall Ccwnty, tiebzaslta.
<br />- Together with art buildings, impmremenu. fixtures, streets, alleys, passageways, easements, ngh tc, pri yileges and
<br />appurtenances located thereon or in anvittse penatmng thereto. ;and the netts t+suri and profits. reversions and remainders
<br />theoeof~ irachrding, but not limited [a, healing and cooling tgwpment and such personal propert}• that is attached to the
<br />improvetrrenfs so as to constitute a fixture; all of which, encludtng replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of thi> MortgaKr and alt of the foregoing Ming referred to herein as the
<br />..~~~,,.
<br />Mortgagor further convenants and agrees, wtth Mortgagee. a, fuliows:
<br />_ 1. Payment To pay tfie tndebtedness and the mn•re,t themun as prortded i^ thts hlartgage and the Note.
<br />2. •titte: Mortgagor a the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants that the lien created hereby es a Cirst and poor lien ..n the Property, exct•pt as may otherwise be set fatth herein.
<br />The Roperty is submit to a Mortgage wherein --- -._.._.__-._._. . _______-_-
<br />is the Mortgagee, recorded ai Sook --_._-..__ .Page „f tier Mortgage Records lit - _.__,. _..___...._'---County.
<br />Nebraska, which Mortgage is a lien pnor to the lint cn•atrd hrrrha
<br />i? f)tJter pnor liens or encuntbranct~: _ _
<br />3. Taxes, rlsaeaeaaeata. 1'o pay when due ail texts, spinet asw~ssmrnts and sit other chargtw against the Roperty
<br />sad, upon written tietnaod by Mortgagee. to add to tM pay mend required under the Note secured hereby, such amount es
<br />~Y he sutficieat to enable the Motgagee !o pay such taxes. assescnaents or other a'harges as they become due.
<br />i _ ltuauanee. To keep the- improvenarttts new or htrratter ideated on the real estate described herein insured
<br />agttiust damage by Cue and sues other hazards as htortgagrn may require, to amounts and with campanirs arteptable to the
<br />~, and with coat payable ita the Mortgagee. in case of loss under such pulictea the Mortgagee is authorized to
<br />adjwi, aalkrt .and eompromiae, in its discretion, all cretins thereunder at its uale option, authorized {o either apply the
<br />Pdo~a W the rtK;oratian of thu Properly or upon Che indebtedness second hereby, but payments hereunder shall cotr
<br />t#ane - ttafil. the effete aecared hemby are paid in flit!.
<br />5. _aT Ficron Fee Tastes and Lrautaace. Notwithslandityl anything contained in paragraphs 3 and d hereo[ to the
<br />- coantxtary,. Mtaati sitait-pay to the Mortgagee at the lime of paying the monthly installments of princpal and interest,
<br />tree-twelfth a[ tbg ytvteiy tsltes. ~saasatentt, haaard ittsutaace premiums, and gtnund rests tit any) yvhiclt may attain a
<br />Pd+~tLY carer ~~ Mortgage, a9 as roaaartttbtY estimated from firm to time by the Mortgagee. The araounte su paid shall be
<br />hNd:by the ~ withtwt intrraat sad appited to the payrtteht at the itetm in n~apect w whiett such amounts were
<br />tedi 11te ara~ paid to Mortgagee hereunder-sear pledged as adttitiatul srcunta for the indvbtadness sa*cured by this
<br />~?4 ~ sAali #,~aY is Idottrzage« the aatount of say tiefaciency betwer ~ ~ctuai taxt~, arst>tisenenta, lnaurance
<br />Qt9ttruttiaa.and lpauad mafs_atad the depoaltt hereuntl~ wit3tin 1D days-.after den,n:rd +x made upon Mortgagee regruntkitg
<br />- payrra~eaL; ~. - -
<br />_ _ fi. BapNt• ~ .tar9 ilea. T'a {eraatRdy raper+. restart or rebuild any butldtnths or tmpnarvmety is now or
<br />darisatLttr oat-•tlu Prbgpti:Y; tat ~P the Property- in.good etwttitioa and aepair; wilhrntt waste, and free tram mtxbanic's or
<br />;utli~t utatszp~swiy xunatatt !o !I~!tea i:€irwt,• sat to ssakasu3tar ~ prrnlltarsy nui8an€r to e~o1, am w diaua-
<br />- ~ M ttapatr the wrirae pf the Prppat{y 6y say ae:-Say a~4ttian tea act: and to tvampiY with art trqutntieenta at !aw wtlh
<br />rY #!1 s~rapr~tey.
<br />
<br />_.~~
<br />
|