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'Chls Mortgage is entered'into between. ~ 1fE3rnisst'~Et J . '}jp~aek
<br />(herein "Mortgagor"} and
<br />THE .OVERLAND NATIONAL BANlf OF GRAND 1 SLAMD (herein "Mortg:gee")
<br />Mortgagor is indebted to Mortgagee is the principal sum of $ 7, 143.66 ,evidenced by Mortgagor's note
<br />dated 4-16-79 (herein "Note") providing for payments of principa: a_nd interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on .
<br />To secure the payment of the Note, with interest as provided therein, the payment of all otter sums, with interest,
<br />adnnced by Mortgagee to protect the security of this Mortgage, and the performence of the crovenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />4 property located in Ha 1 1 County, Nebraska:
<br />tot E1gAteen tl@) in 81ock Twenty Five t25) in
<br />College Addition to West lawn in the City of
<br />Grand Island, Hall County, Nebraska,
<br />Together with sll buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges. and
<br />appurtenances iocataed thereon or in anywjse pertaining thereta, and the rents; issues. and profits, reversions-and remain~rs
<br />thereof; including, but not timited 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 hereby declared
<br />`to tie a-parE'ot-the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />..party„
<br />Mortgagor f~rrther coneenants and agrees; with Mortgagee, as follows:
<br />1. i?ayment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Nola.
<br />Z.` Tine. Mortgagor ig the owner of the Property, has the right and authority to mortgage the Property. and
<br />warrants U!at the lisp created hereby is a first and prior lien on the Property, except as may oUrerwise be set forth herein.
<br />L}-The Property is subject to a Mortgage wherein
<br />ig the n~fortgagee;.recorded st Book , Pale of the Mortgage Rarxrrda of tbuaty,
<br />which mortgage is a lien prior to the Lien created hereby.
<br />^ Other prior liens or encumbrances:
<br />9. T~aa, i9aaeaamenta. To pay when due all taxes, special assessments and all other durgea against the Property
<br />tad, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount rsr
<br />may be sufficient to-enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. tot~uance. To keep. the improvements now or hereafter located on the teat estate described herein insured
<br />agSiraFt damage by fire and-such other hazards as Mortgagee may require, is amounts and with companies acceptable to the
<br />li[ort~gPe, and with loss- payable to the Mortgagee. In case of loss under such polieaes ttGC Mort~gee is auUrorized to
<br />adjuit aol)act rod= onmpromise; ~t- rte dNcretdoa, el! claims thereunder at lts sole option, authoeized to either apply the
<br />p~v~xed~ tb the mtoraaon of the Yrbpea<ty of upon -.the indebter3neaa accrued hereby;-but paytents hater shett euu-
<br />i>'~re until the s+~a secured hetebp stye Paidin tall.
<br />5. L7 Etcsew Fan; Taxes, artd lnaurance: Nofwit hstandiag anythipg contained in paragraphs 3 and 4: hereof to the
<br />catigary, It[ortrrx shad-pay to tpg Mort~gee tt-the time of paying the monthly. installments of prlrrtapal and interest;
<br />wtlttlr of .rite yearly taues, aentic, .ha2srd fUSUxance pmmiurrrs, and gkov~nd tents-(if _ enyT whidi_ may attain a
<br />prrcaliy over this`TNortgage aU as Viably estJmated from Ume to Gme bp_ theMetee. The amount8- sn paid shall _he
<br />hmd >iy-tin Mort~gee`rdithout intereak and applied to Urn payment of the: items. is respect to which such amounts were
<br />. deposlfed.' The sumt paid Eo Mom-bereundet ax~ple~d-m-addttianal security;for-the indebtedness secured by this
<br />ldortgaga. Mortgagor tduli pay to 1ortgagee the amoagt of anp defrciei~y between the actual texas; assessments; insurance
<br />pread grow pee daps after. demand is made upon Mortgagor requesting
<br />ums and nd routs ~ad,tlie de its hereunt0er vrithln 10
<br />payment thereof:
<br />b. ittpair, Maintenauee artd Glee. To promptly repair, m8tore or rebuild any buUdirgs or improvements now or
<br />trereitter on the i~roperty; !o'kaep the Pfroper;7 in, geoid eondltion;And re~ir, without waste, and free from mechanic's or
<br />' . , oihez)lpoa not expnessip-:aUbordinpted to the lieu hereof; not ttr malls, suf#ez or permit any nuisance to exist,-nor to dimin-
<br />lstiloY.Irupair:the a o? tfre Property by any act or otrticsion'to.aet; and to comply-with alI requirements of law with
<br />respect to~theYcopecly:
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