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~g~ ~ ~ ~.i ~ L5 ~ i-'Y((DRTGA!GE
<br />This Mortgage is entered into between ~ETt C. PER&IIyI,, ANi~ I~Ii~S !C! ~tII,I,
<br />HI3SBAAID At+ID WIFE,
<br />. (herein ••Mort~agor") and
<br />THG' C)\7F`T7f 1a1gT) NATTf7ATAT RANK fTR ATlri 7Si ar~~ (herein "Mort=agee°).
<br />I~Sortpgor is indebted to Mortgagee in the principal sum oP $ 11, 084.82 , evidenced b M
<br />y ortgagor's note
<br />dated 4-73--'79 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />iadebtedness, it not sooner paid, due and payable on 4-17-84
<br />To secure the payment of the Note, with interest as provided tberein, *he payment of all otber sums, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />fire Mort~gor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the foliowiag described
<br />property-located in HAf7. County, Nebraska:
<br />Lot Eight (8) in Sunset Sixth Subdivision, being Part of
<br />Lot One (1) Sunset Subdivision and a Part of the NEB of
<br />Section Eleven (11), Zbwnship Eleven (11), North, Range
<br />Ten (10) West of the 6th P.M. in Hall County, Nebraska.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements; rights, privileges and
<br />appurtenances located thereon or in anyvuise pertatnbig thereto, and the rents, issues and grofits, reversions and rernaiudea
<br />thereof; including, but not-limited to, heaturg and coo!'mg equipment and such personal property -that is attached to the
<br />improvements so as to constitute a fixture; ail of which, including replacements and additions thereto, is hereby dedared
<br />to be apart of the rest estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />"Property.,
<br />Mortgagor further mnvenants and agrees, with Mortgagee, as follows:
<br />i. Paymenk To pay the indebtedness and the iatezest 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 />warrants tbati the lien created hereby is a hest and prior lien on the Property, except as may otherwise be-set forth herein.
<br />^ -The Yropetiy is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Hook ,Page. of the Mortgage Records of Qouaty,
<br />Nebsaska; which Mortgage is a lien priorty the lien created hereby.
<br />- - - -
<br />^Other prior liens or encumbrances:
<br />3. Taxes, Assessments. To pay when due all taxes, special assessments and all other charges 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 snfficlen; to enable We Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4: Irtaursnce: -To keep the' improvements now or hereafter located on the real estate described herein tnsared
<br />against damage byfire,~ad such ottier hamrds as Mortgagee may requite, iq amounts and with companiesacceptable to the
<br />~,-anti with loss payable to the Mortgagee. Iri case of loss under such policies the Mortgagee is authorized to
<br />xdjttst, collect acrd compromise; in its discretion, ail- claims thereunder at its sole option, authorized to either apply the
<br />proceeds to the r~toratl!on ot'the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />'tfrine .until the sums secured berebp era paid in full.
<br />b. ^ Csscmw.Eot Tales.-sad Ensurance. Notwitbstanding anything coatair~ed in paragaaphs 3 and 4 hereof W the
<br />crMmtruy, Mortgagor tlrail pny to-the Mortgagee at the time of Paying the montbly installments of principal and interest,
<br />oae•tweltth of the yeasty tales, essessrnents: hazard insurance premiums; and ground renla ()f any}which rosy aWin a
<br />priority oger thid Mortgage, all as reasana6iy estimated from_tttne to titae by the.Mortgegee.'lhe amounts so paid shah he
<br />held by the Mortgagee without interest end applied to the payment of the items. to respect to which saris amounts were
<br />dPpdv`tad. Ttie H!mc peid to Mor?^68ge: h::'e;;ader ace pted~ed ae ads::at ~.-udty=for t:ie indebtedness secured dy G`~w
<br />_ 1~I0rtgage. MMtq~got atisfi pay to Mortgagee rile air+ount of aiYy deticieneq between'the actual taxes, assessments, insurance
<br />__ pieirilums and F2oand rents and the deposits hereunder within 10 days after demand ismade upon Mortgagor requesting
<br />payment thereof.
<br />8: Repair MEtintenaace and Use.. To promptly repair;, testore'or: rebuild any buildings o; improvements now or
<br />heceafter on #te ~j+ropety; to keep the Property in good condition andnapair, without waste, sad-free from mechanic's or
<br />ether liens sot expt~ly subgtdinyted to the lieu tietegf;.aot to make, sstffer or permit any nuisance to exist, nor to dimin-
<br />isti or imppir:_fhe value;at.the Propertg by arty eel or omi~ioa to'ect;-arid to-comply with ail requirements of law with
<br />msspect~the,Pnepertg.
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