|
~~~ ~ ~ 1~IORT'iGAG1
<br />f''' 'This Mortgage'ts entered into betwcen L~CE£i' 1., S 1?~~ d t;~lt~~F.,~t'N~ 7 S f ~~
<br />i irLLChand and 'ante {herein "Mortgagor"}and
<br />1 TNF OyF~T.ATTi'3 NATIQNAL BANK dF (~iAi~ ISI1tND {herein "Mortgagee").
<br />Mortgagor,is indebted: to Mortgagee in the principal sum of $ 4CT~0- ~ ,evidenced by Mortgagor's nee
<br />dated .:~' 7~'-~ `"°~ A79 (herein "Note"} providing for payments of principal and interest, with the balance of the
<br />indebtednea~''if not sooner paid, due sad payable en- Qctober 3 , 1379
<br />To mectice the payment of the Nate, with interest as prov'sded therein, the payment of all other surffi, with interest,
<br />advanced by ~Iottgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the'Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the foliawlag described
<br />property located in ball County, Nebraska:
<br />A tract of land cormsrising the southerly Four Hundred
<br />7~vmty-five (425.0) feet of the easterly Three Hw~dred
<br />Twenty-five (325.0) feet of the Southeast Quarter of
<br />the Southwest Quarter (b'E$SF4$) of Section Thirteen
<br />(73), Zbwnship Twelve (12) North, Barge Ten (10) West
<br />of the 6th P.M. in Ha1I (3ounty, Nebraska, said tract
<br />containing 3.1?1 acres trnre or less.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges. and
<br />:appurtenances Located 3heteoa or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders
<br />thereof; including, but not limited to, heating and coaling equipment and such personal property that is attached to the
<br />improvements so as to constitute a fixture; ell 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 all of the foregoing being referred to herein as the
<br />"PropeLtY"-
<br />Mortgagor further coneenaats and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note_
<br />2. 'ISBe. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property; sad
<br />wamnts that the lien created hereby is a. fist end prior lien on the Property, except as may otherwise be set forth hereto.
<br />C] 't'he Property is subject to a Mortgage wherein
<br />- is tits Mortgage, recort~d at 1300# of the Mortgage ttecords of County,
<br />Nebxaaka, vrhtrh Mortgage 3s-alien prior to the lien created here-try.
<br />D Other prior liens or encumbrances:
<br />8. Taxes, Asx~enta: To pay when due al! taxes, special assessments and alt other charges ^baiast the Property
<br />sad, apon written demand by Mortgagee; to add to the payments required under the Note secured h~.reby, such amount as
<br />may be autflcient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Itta~aagce. To keep the improvements now or hereafter located on the real estate described herein insured
<br />amt damage by Ore and each other hazards as Mortgagee may require, is amounis and with companies acceptable to the
<br />Mortgagee, and with lass payable to the Mortgagee. In case of ions under such policies the Mortgagee is authorized to
<br />adjust, collect and compromise, in [ts discretion, all claims thereunder at its sole option, authorised toeitherappiy the
<br />proceeds to the restoration of the Property or upon the indebtedness .secured hereby, but payments hereunder shall con-
<br />: - tlriue until-the soma secured hereby era paid is tuU,
<br />- b: ~ F,asxoor For Taxes sad Inaurartce. Notwithstandiagnnything contained in paragraphs 3 and d hezeof to the
<br />¢antcary, Mortgagor shall pay W the Mortgagee at the time of paying the monthly installments of principal end interest,
<br />nne~t~eltth of khe-yeaidg;taxes, a~easmen~, paaard insurance premium, and ground rents (if anyj which may attain a
<br />paorlty over the Mortgoga, alt as;reasonaWy eattmated Lrom time to time by the Mortgagee. The amounts so paid shall 6e
<br />held iyy the A4ortga~{ee.~thout incites€.and.app~ied to the. payment of the SLems in respect to which such amounts were
<br />deposited: 'Ire norm paid ki .lase. hereunder are ptatiged as addttionai securitp'for the indebtedness secured by this
<br />L tuLerkgRiitr, MQrtgaRoa!sball pad to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />pxerutuijta`aad gtottnd rests and the deposits herettader within 1Q days after demand [s made upon Mortgagor requesting
<br />Qgyt4enf tlieteott,
<br />Repair, lriatfAtsiyttce and tJse. Ta-promptly repair, restore m rehulld any buildings or improvements now or
<br />hereaftnk ~ the Proprl!ty; to-keep-the Property in good condition and,repait, w[thout waste, grid free from mechanic's or
<br />atherliena-not-expre~ly sutrtud#nated to the lien heieot; not to make, softer or permit any nuisance to exist, nor to dimin-
<br />tsh Lt' lal~lr the xafue ot'ttie Property by zs#!y set` or' uto~sslan. to- act; and to comply with iii requirements of Vaw with
<br />respect to.the Property.`
<br />
|