|
This .'~icrlgage is entered intw ixtween G. I~YP~ .*9f~iSY arxi St~'dE ~?: I~/. l~~ba*>~
<br />and 6[ife
<br />(herern "Mortgsgoe"} and
<br />Ttl}: Cltl NATICNAI, BANK ~` ISI~3, Grard Zslarxi, :SeYsraska (herein "Mortgagee").
<br />P~tgagor is indebted to Mortgagee in the principal sum of ~ fi7 .. rlnTn__ tlftnn , erfdenced by Mortgagor's note
<br />dated Ffart~r 30 , 1979 (herein "Note"} providing #or payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on. SeDtF3tibP-r 26. 1979 ,
<br />To secure the payment of the Note, with interest as provided therein, the payment of ail other sums, with interest,
<br />advanced by Mortgagee to protect the security o[ this Mortgage, and the pezformance oC the covenants and agreements of
<br />the T,4ortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />paoperty located in f1a21 County, Nebraska:
<br />7s~t Tti~ertty (20) in Block Three (3) in Southern Acxes, an addition to the
<br />City of CYand Island, Hall County, Nebraska
<br />Together with all buildings, improvements, Gxtnres, streets, alle;s, passageways, easements, rights, privileges and
<br />ap~purteaaterxs located thereon or in anywise pertaining thereto, and the rents, leer;^s and profits, revesions and remaindect
<br />thereof; iadudidg, but not limited to, heating and cooling equipment and such personal properly that is attached to the
<br />Improvements so m to constitute a Crxture; all of which, including replacements and additioffi thereto, is hereby declared
<br />to be a part of the real estate secured by the tiers of this Mortgage and all of the foregoing being referred to herein as the
<br />.~prope1,~,,,
<br />Mortgagor further convenants and agrees, with Mortgagee, as follows:
<br />Y. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2 Tale. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />~ranants that the lieu created hereby is a first and prior lien on the Pruperry, except as may otherwise be set forth herein.
<br />C3 The Property is subject to a Mortgage wherein
<br />- ~ tte ire,-n:c~rded at i',oak ,Page - of the Mortgage R€cards of - County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />^ Other prior Bens or
<br />$. Taus, Assessments To pay when due all taxes, special assessments and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be snffl~ent to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Ioau^ance. To keep the Improvements now or hereafter located on the rest estate described herein iruured
<br />against damage by fire ;.rid such ether hazards as Mortgagee may require, in amounts and with companies acceptable to the-
<br />Mortgagee, and with toss payable to the Mortgagee. in case of lass under such poiic'ses the Mortgagee is authorized to
<br />adjnsE, coflei:t and compromise, in its discretion, all clairna tttereundet et its sofe option, authorized to efther apply ttie
<br />~~_to the reataradon of the Property orupon-the indebtedness secured hereby; but payments hereunder steal) con-
<br />dune aa#1'the sums secured hereby are paid in full.
<br />b. G3 Eat:ose For Taxes sad 3aaarance. Nolwithstandinganythingcontained in paragraphs 3 and 4 hereof to the
<br />s~trtrmcy, for shall-pay to. the Mortgagee.at the time ot, paying: the monthly installments of principal and interest, -
<br />g~ee.-tsvelt'th< of th+< peatiy -taxes; assessments, hazadd insurance premiums, and ground rents (if any) which may attain a
<br />--- -paoaipy-inter th-~fertea$e,; sit as rip esd~teri-tram tithe-to time by the Mortgagee.-The amounts so paid shall be
<br />held.4Y tom. gale wi~iotrt tntereet and appiicd to. tdre paptyant o[ the iCents. iA respect to which such amounts were
<br />~' Tlhe paid #o.ldottga$ee teareunder are pledged n a¢diiaopal_securitY fnr the }ndebtedness. secured by this
<br />~. bT<HS~igorshall pay.to Mortgagee 3he;unmaet of any deflc~nay between the actual sexes, asse~ments, insurance
<br />ptetrllsmte aad:grotuid iaadts and=tfie ti8posits Ikee@ur within 2€! days-atter.dearand is made upon Mortgagor requesting
<br />nefyetietttlheceof-
<br />B. Repair, Maintenance and Use. To pra~artrtiy_repair, iestore or rebuild any. buildings or Improvements novc or
<br />hereafter on the Property; to,'lteep the l'top~xEy in good cor-ditian-add repair, without waste, and tree from mechanic`s or
<br />othetllen5 net exnres$lgsubordlitated to the !ten hereof; rH,t #o meike, suffer or permit ady nuisance to exist, nor to dimin-
<br />1sb csr_Isrpatir the vatice of the Property by any-act or -omission to set; and to eampiy wiih adi requirements of law with
<br />met to the ~Y.
<br />
|