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~9-° ~ `~.~` ~ ~ c? a3 A40RTG~GE
<br />ThisMartgageisenteredintobetween RUSSELL W. O'NEILL and JOSEPHINE L. O'NEILL Husband
<br />~q~,Wi~g~,_3p~ MICHAEL ~a O't~EILL and JUNE M. O'NEILL, Husband anti(h~~n~`Mortgagor")and
<br />r,...., a _ ~.8mpa
<br />THE OVERLAND NATIONAL BANK OF GRAND ISLAND, Grand Island, Nebraska (heroin"Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 37 „Onn _ np ,evidenced by Mortgagor's note
<br />dated Apri 1 17, 1979 _ (herein "Note") providing for payments of principal end interest, with the balance of the
<br />indebtedness, if nos sooner paid, due and payable on April 15, 1982
<br />To secure the payment of the Note, with interest as provided therein, the payment of an other sums, with interest,
<br />advaaeed by Mortgagee to protect the security of this hforigege, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to hortgagee the foltowing described
<br />property located In na i ~ County, Nebraska:
<br />Lot One (1) and lot Three (3) of O'Neill Third Subdivision, City of
<br />Grand Island, Hall County, Nebraska, except a certain tract of land
<br />deeded to the City of Grand Island, Hall County, Nebraska, as
<br />recorded in Quitclaim Deed, Document No. 78-002469
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and fire rents, issues and profits, reversions and remainders
<br />thereof; including, but not limited to, heating and cooling equipment and such persorral property that is attsr~red to the
<br />improveateats so as to constitute a fixture; alt of which, including replacements and additions thereto, is hereby d~iared
<br />to be a part at the real .estate secured by the lien of this Mortgage and ail of the foregoing being referred to herein ~ the
<br />,.property„
<br />Mortgsgor further cronvenants and agrees, with Mortgagee, as follows:
<br />i. Payment. To pay the indebtedness and the interest thereon u provided in thy: .rtgage and the Note.
<br />2. 'f efts. birirtgagor ~ the owner of the Property, tree the right and authority to mortgage the Property, and
<br />xirtanta that the lien created hereby fs a first and prior ilea an the Property, except as may otherwise be set forth herein.
<br />C~ The Ptv~rty is subject to a Mortgage wherein
<br />~ the Mamie, reeirrdcd at Beak , Page..~~. of the Mortgage Rec~scds of ~_ County,
<br />Nom, wticts Maw ~ s inn pr;or to te`re lien atod herei3g.
<br />t7 tkher prier liens or encumbrances:
<br />9, Taxes, Aaaiutxtanta, To pay when due all taxes, special assessments and all other chargiw 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 sutOeient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4, lnweuice. To keep the improvements5 new or hereafter located on the mel estate described herein insured
<br />agahut damage by Ore and such other hazards xs Mortgagee may require, in amounts and with companies acceptable to fire
<br />~, and with low payable to the Mortgagee. in ease of toes under such p~icies the Mart~gee !s authorized to
<br />adjust, enlieet and eompramiae, in its discretion, ail claitna thereunder at its sole option, authorized tositherappiy the
<br />. proeeada to the eeatoratlan of the Property trr opal the indebtedneaa assured hereby, but payments hereunder shall twn-
<br />ttnue uatlt the coma aeoured heroby are paid in toil.
<br />fr. C7 ~ Par Taxes and Inanranrre. Notwithstanding anything contained in paragraphs 3 and 9 hereof to the
<br />c~ttmty, ~ obeli pap W Ure 1~ at the rime of paying the monthly inatattmenta of principal and interest,
<br />pare+trrsitth at ttte yearly taxes, aaaaamenq, haaard insurance premiums, and ground rents (if any) which may attain a
<br />priority-Drat tlt~ Mortgage. a!! ~ reacanably estimated fYom time to time by the Mortgagee. The amounts ao paid shad be
<br />held by the Mortgagee ivithouL interost sad appdkd to Ne payment of the hams in reapact to which such amounts were
<br />deposited; ~ttr>~ pall to-Mot~agae bert7ndar-are.phrdged as addltiomd aecudty for the indebtedness seeunrd by this
<br />Mo•Mvlftgagorshaitpay to Moee the amount of any de>ecieacy between the actual taxes, assessments, insurance
<br />premiums utd. ground teats sad the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />pryment EheteoE:
<br />B. R,apair, SdaintmtPUCe and i1ae, To promptly repair, restate or rebuild any buildings or improvements now or
<br />- halt on the property; to keep ttte Property is goad eoudiUOn sad repair, without waste, and tree from mechanic's or
<br />atlt~rUbira rtat`expteaaty aubordirrated to the ilea irereot; sot to make, softer or permit any nuisance to exist, nor to dimim
<br />lab or impair the value of the Ptopetty by any act or omission to act; and to comply with all requirements of law with
<br />respect to the Property:
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