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...~ ~ ~ ~ THIRI3 MfJR.TGAGE
<br />'i7sis,,Mortgag~ is entered into between _ ~i~'TZ3 E Prt'ILZPPI d'AF~~Hi L ~iSL'";'!
<br />I3iaiban_d ane3 Y+i fe {herein `Mortgagor") and
<br />THE t?t'IRI,AND NATIONAL BANK OF GRAND iSI.AND Grand Island. .~'E~_{here+s "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ l0, OOCI - 00 ,evidenced by Mortgagor's Hate
<br />dried ~p~ll.? Q~ ~ 9~ {herein "Nate"} pros:ding for payments e# principal ?nd interest, witk the balance oC the
<br />indebtedness, if not sooner paid, due and payable on_ May 15~ 1979 .
<br />To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced lry Mortgagee to protect the security of this Mortgage, and the performance of the coveaants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and rnnvey to Mortgagee the fdlowittg described
<br />i~P?rty located in Hail (;ounty, Nebraska:
<br />The Easterly Twenty Feet (2A') of Lot Fifteen (15} in Block Three (3) in
<br />Sxi~nrl Arkiition to Holc~mb's Highway Homes Subdivision in the Northeast
<br />Quarter of the Northeast Quarter (NE~NE~) of Section Twenty Eight (28),
<br />Township Eleven {11) North, Range Nine (9),-West of the 6th P.iii., and Ivt
<br />Sixteen (16) in Block Three (3) in Second Addition to Holcomb's Highway
<br />Homes Subdivision, being in the Northeast Q..arter of the Northeast
<br />Quarter (NE~NE$) of Section Twenty-Eight {28), Township Eleven (11) North,
<br />-Range Nine (9) West of the 6th P.M., in Hall-County, Nebraska.
<br />Together with ail buildings, improvements, fi:ctures, streets, alleys, passageways, easements, tights, privileges and
<br />appurtenances located thereott or in anywise pertaining thereto, and the rents, issues end profits, reversions and remainders
<br />thereof;_lncluding, but not limited ta, heating and cooling equipment and such personal property that is attached W the
<br />improvements so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby dared
<br />to be a part of the seal estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />"Property"-
<br />Mortgagor tardier convenants and agrees, with Mortgagee, as follows:
<br />?. Paymeak To pay the indebtedness and the interest thereon as provided in this Mortgage and the Nate.
<br />2. 'tide. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants that die Tien 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 moist Federal Saving^a & IAan ASS' n.
<br />S1
<br />is the Aiartgagee, recorded at f the Mortgage Records of Hall aunty,
<br />Nebraska, which Mortgage is a Ilan prior to the lien created hereby.
<br />^ Other prior liens of encumbrances:
<br />3. Taxes, Aaaeaements. To pay when due all taxes, special assessments and a!1 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 />auy be aufflcient 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 hereattex located on the real estate described herein insured
<br />agtunat damage by fire aid such other hasards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and with ions payable to the Mortgagee. In case of Iris under such policies the Mortgagee is authorised to
<br />adjust, collect and compromise, in ifs discretion, all claims thereunder at its sole option, authorized to either apply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />dmre unW the sums secured hereby are paid in full.
<br />6: ^ ~CLaW I; or TaLe6 and frrsurance. Notwithstanding anything contained in paragraphs 3 and 4 hereo[ to the
<br />contrary; Mortgagor shelf pry b the Mortgagee at the time of paying-the monthly inctalfinents of principal and interest,
<br />oae•tweltth-of the yearly taxes, a~essmenta, harard insurance gremiutps, and ground rettts {if any) which may attain a
<br />ptiax~tjr:over this , aft as.reasartat~y esdrtmted tram dry to toms by the Mortgagee. The amounts ~ paid stud} lx
<br />Iisld.bY. the.Moefgagee rgithout intareat and appUed to the payment at the items in respect to which such amounts were
<br />dgrtted: The ~tnse-paid to biartgegee hereunder arc pledged as additional security far the indebtedness secured by this
<br />~: ~shdi pay. ~ort~gae the amount of sng deficiency between the actual taxes, assessments, iirsuxance
<br />f pTimtume and gad zed and- the t~pgaks Ilers+tgdar within.l4 days altar derrrand is made upat Mortgagor requeadng
<br />pagmQnt theretL
<br />8. Repair, Agsts~lsfame sad! tine. 'to pcomptty mpalr, reetore or rebuild any buildings or improvements now cr
<br />hete+Stpr c+n !ihe Piixx~erty; to I3te.P~ep~ty ia.n'~ ctrndttlan end-repair, without waste, and tree from meshanie's or
<br />a;i:ax lip nvt ° •-• "'~ zn~fa~$ is the 31srs liai~t; n~ to rsr,ke, suffer of permit any nuisance to exist, nor rn dimin-
<br />?~ yr :.,t`lr ~..wsuh_ of ~ ~_ l~ Est ~r ~a to set; and to cuiapiy with ail rrquiremants of i,w with
<br />rEi~t t4i tip f - - -
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