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'fhls Mortgage is enteral rota between ,„_.,..,_._. .._„__...~...~.._._.._...________..____._~_._
<br />r'SIC~I D. StiF~"3GA arxi REi7AY F. LFSJIO~, IIt75):?artd 3*-,d Wife _ (herein "Mortgagor"} and
<br />THE ~.AAiD NATIfJAIIiL B1Sl3R f}F' GFiATID 'TSZ~AI>ID, Grarr3 Island. tJebraska rein "Mortgagee"}.
<br />Mortgagor is indebted to Mortgagee in the primipal sum of ~ 35. GQt). 00 ,evidenced by Mortgagor's note
<br />~~ April 2, 1979 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on Sept~r~er 1, 1919 .
<br />To secure the paymeatof the Note, with interest as provided therein, t1!e paymxnt of a!i other sums, with iatereat,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained hereitt, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in ~! E County, Nebraska:
<br />lot Ten QO), in Black Fifteen (15) in Wallichs Addition to the City of
<br />Grand Isiarsd, Ha11 Cr~unty: Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, Privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remannders
<br />thereof; iadutGng, but not limited to, heating and casting equipment and such personal property that is attached to the
<br />improvements so as to constitute a fixture; all of which, including replacements and additiosss thereto, is hereby declared -
<br />to he 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 />"Property"
<br />Mortgagor farther coneenants and agrees, with Mortgagee, as follows:
<br />- L Paymeat. To gay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2 Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />waaeats that the lien created hereby is s first and prior lien on the Property, except as may otherwise be set forth herein:
<br />C1 The Property is subject to a Mortgage wherein
<br />is the Mo_*teegee, recorded at Book ,Page of the Mortgage Records of County,
<br />- __ __ Nebraska,_which Mortgage is a lien prior to the Lien created hereby.
<br />^ Other pr[or liens or encumbrances
<br />3. Taaes, Aaaessments. To pay when due all taxes, special assessments and all other charges against the Property
<br />sad, upon writtett demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessments ur other charges as they become due.
<br />4. Inaaanee. To keep the improvements now nt hereafter -ocated on the real estate described herein insured
<br />against-damage by ffrn and such other hazards as Mortgagee may require, is amounts. and with companies acceptable to the
<br />Mortgagee; and with Ices payable to the Mortgagee. In case o[ loss under such policies the Mortgagee is authorized to
<br />adjast, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />proceeds fio the restoxaUon of the Property or upon the indebtedness secured hereby, but payments hereunder shall con•
<br />:Untie- until fibs sums secured hereby are paid in foil.
<br />$_ [l ~erow Far ~'axea and Insarartce. Notwithstanding anything contained in paragraphs 3 and A hereof to the
<br />coniaary; Mpttgagpr,$heU WY to the Mortgage at the time of paying the monthly installments of principal-and interest,
<br />one-twei€th q{t#m-Y~r#y-s, as$ess~aents,ttaasrd losutance premiums; and gmand rants (tf any) which.maY attain a
<br />ley over this Idol, sit as reasgpably esUmsted L^om tirtre to time by. the Mortgagee.-The amounts so,paid shill be
<br />held by ~ Mortgliges 9rithortt intermt and applied to the Fayment o[ the items in respect W whkh such amounts were
<br />depasittd,.'Phe aumu pall to wee itereun~r=are pledged as additional ae~rity. foe Ehe indebteda~s secured by this
<br />` ~ahail pay to:I6,ortgagee the amount of any deficiettay :between the actual farces, assessments, insurance
<br />acrd taste end-trite dep4s`ta'hereitrlder vrithin. id daps atte* demand is made upon Mortgagor requiting
<br />~ . tmsn°w<3
<br />' pa3rmeRt;tboteot.
<br />$; : fold U1e. , To promptly repair, restore or rebuild -any bufldir+gs or improvements now or
<br />hs::afte3 oA the Pro~sesty; ~ ~ in ggod ~ttdkiira oral reflair, without waste, and fuse From mechanic's or
<br />e,L6cr liaru not expreaety subordi;lgtgd tea -Usti hereof; not to rssdke, suffer of permit-any nuisance kn exist, nor to dimin-
<br />i~s sr ~patt' va!fe Pt+opvrly-by any ~ as" gmiasl'nes to act; and to eompiy vrlth ail requirements of iar; with
<br />reapeoE tz[ th2 ~~'.
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