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,~~-. ~ ~C; sue'} Qt MidRTGA~E
<br />- This Mortgagelsenteredintobetween .RUSSELL W. O'NEILL and JOSEPHINE L. O'NEII_L, Husband
<br />a~n-d~}Wif~,_ and MICHAEL J, O'NEILL and JUNE M. O'NETLL, Husband and(b~fg«Mortgagor'~)ana
<br />THE ~V~R`ILVA~~N'DTINATIONAL 6ANK OF RA D ISLAND, Grand Island; Nebraska Therein"Mortgagee•`).
<br />Mortgagor is indebted to Mortgagee in the principai sum of $ 37 ,000.00 ,evidenced by Mortgagor's note
<br />~~ Apri 1 17 , 1979 Therein "Note") providing for payments oP principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on. Apri 1 l 5, 19£32 ,
<br />To serum the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of .he covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the foilowiag described
<br />property Itxated in Hall County, Nebraska:
<br />•."'•Lot Three (3J O'Neill Second Subdivision, City of Grand Island, Hall
<br />`' Gaunty, Nebraska
<br />Together with aR buildings, improvements, factures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders
<br />thereot; Including, but not limited to, heating and cooling equipment and such personal property that is attached to the
<br />improvements so as to constitute a fixture; all of which, including replacements and additions thereto, is hemby declared
<br />to he s part of the mat estate secured by the lien of this Mortgage and alt at the foregoing being referred to herein as the
<br />„property„
<br />Mortgagor further convenants and agrees, with Mortgagee, as follows:
<br />1. Payment. To psy the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />~, Tltl~ Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants that khe !fin created hereby is s brat and prior lien on the Property, except as may otherwise be set forth hereto.
<br />~ 'ftte Property is sublest try a Mortgage whereia __,~. _. ~_•_, -._._____W.____. - -- --
<br />is the Mortgagee, accorded at Hook ~._~.: of t,~e Mor's~age ltecc:~s oe° _ ~^t?:ty,
<br />h3ab-I~h9, wMc-h Mac'tga~ : a sip prior ta.' tb-°. tom.. Sreatfd hel=tly.
<br />Ci Sher prior Liens oe encumbraners:
<br />3. Taxes, Awsawnenta To pay when due all taxes, special assezstrsents and all other charges egaintt the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such atnaunt as
<br />may be suftlclent to enable the Mortgagee to pay such taxes, assessments or other charges ati they hecotzte due.
<br />4. ttssueance. Ta keep thesmprovemrnts now ar hereafter located on the real escatr described herein insured
<br />agaUtat damage by fire sad each ether hazards at .Mortgagee may require, in amounts and with companies acceptsble to the
<br />Mortgagee, and wlkh lots payable to the Mortgagee. fn case at toes under such policies the Mortgagee is authorised to
<br />adjust, txftleck acrd compromir~, in iQt dlscretlon, sit chime thereunder at its sale option, authorised to eitherapRlY the
<br />proceeds to the restoration of the Property or upon the indebtedness secured herebw, but paymehtx hereunder shall enn-
<br />doue until the aunts secured hereby era paid is lull.
<br />g, p Eaezow P ~' a~atl rs~,„.~„r~. "i+lwitAstanding anything contained in paragraphs g attd 4 hereof to the
<br />s~ontYarlr, Bg~r shalt pay to the Mortgagee ai the tittw of paying the monthly it~taltsaents of principal and tnter~t,
<br />one-tweitt6 of the ysady taxes, sd9ebam@nte, hazard insurance premiums, and ground rents of any) which may attain a
<br />ptiori6y toter 6h~ ~,-a8 aa-reaaonabiy eatlmared from time to time by the Mortgagr~e. The amounts so paid shall be
<br />tbdd hY the Mortgages widt~t interest and appited ~ the payt~ttt of the itetsu to respect txi which such amounts were
<br />dnpmltnd..Tha stttdt paid to ~ort~gea hereunder are pledged as additioml aecuHty for the indebtedness secured by this
<br />- _ Mat.lduttgtigarat+ailpaY tom the amou»t of say deticien~ between the satuat tastes, assesatnenta, irsstn~annee
<br />pretdtums artd`~ound reatte sad rite deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />paymettt #fieraot.
<br />8. Repa#, Msintstusaae and tJge, To promptly repair, restore or rebuUd any buitdltt~ or improvements now or
<br />tter0attsr qn the propartyt tp'&eep fhe Property in good conditlon and repair, wtthouE waste, and tree txom mechanic's ar
<br />aiheTiilns trot ertpt~+aely attb*~ln~tt+~d ro the lion hereof; not to mate, sutler or permit any nuisance to exist, nor to dimin-
<br />~tt ar ttrtpatr trig-saluki a# ttsF Psxrperty by azty set or omimmion to act; and to comply with all requirements of law with
<br />rat tg the t,'rppesty=
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