|
~_
<br />T#us ~ is enured into between )?~ M. .3AIi arrd D M. vTAPlI~3, Husbarrl 3rx:,
<br />-- ~+'?'ut"': F~C~Y_lSi H25 - afld I~C'S fX4it Ric3}it dZ7d cls SpC7USe o~ 1=:3e~; C3~'.~.P1 (herein "ldortga~or") ind
<br />TH8 OV~11I+1D NATI~.L BANK CE' C3tAtiD ISIAZlD, ~ Islarxl, Ne3xaska {herein ~~+~~
<br />Mortgagor is indebted to Mortgagee in the prindyui anm of S `-~7 ^ 000.40 . esidenaed by MastgaQor's note
<br />meted April 20, 1979 ;herein "Note") gzcavidiag for payments of priadpai acd intetast, with the balaace of the
<br />indebtedness, if not soGner pzld, d•_e Dail payable on 17, 1979
<br />Toseeure the payment of the Note, with interest as provided therein, the payment of ai! other sums, with interest,
<br />advan€ed by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the A+lnrtgagor coatained bexein, Mortgagor does hereby mortgage and convey to Mortgagee the following desgdbed
<br />property located is Hall County, Nebrasba:
<br />I.Ot 1Wenty (20) in Block Four {4) in the Replat of Riverside Acres,
<br />an Addition to t~ City of Grand Island, Hall County, Nebraska
<br />'together with all buildings; improvements, factures, streets, alleys; Passageways, easements, rights, Privileges and
<br />appurtenances located thereon of in anywise. pertaining thereto, and the cenfis, issues and profits, reversions and remainders
<br />ihereof;.inclutnng,.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 oY which, indudrng mplacements and additions thereto, is hereby dedazed
<br />to be a-part of the real estate secured by the lien of this Mortgage and ai! of the foregoing being referred to herein as the
<br />«Pro~~y
<br />Mortjagor further convenants and agrees, with Mortgagee, as follows:
<br />i. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage sad the Note.
<br />~ Tithe.. Mortgagor is the owner of the Property; has the right and authority to mortga$~e the Property, and
<br />wartaats that the Ilea created hereby is a first and prior -ien on the Property, except as may otlterwise be set forth herein.
<br />[7 ~'he Property Is subject to a Mortgage wherein
<br />~ , receded at Book ,Page of the Mortgage itecords of County,
<br />I+Tei%,=w~ie~-Mortgage Is a lien prior to the tiers created hereby:....
<br />~ (kher prior liens of encumbrances:
<br />$. Tax4s, Asaeesments. To pay when due ail taxes, special assessments and all other charges against the Property
<br />mod, upon,vrritten demand by Mortgagee, to add to the payments required under the Note secured hereby, such amouak as
<br />may be sutf[eient to enable the Mortgagee to pay such taxes, assessments or other charges as rirey become due.
<br />+t, insuranr~e. To keep the improvements now or hereafter located on the real estate described herein insured
<br />. against damage by Ere and such other hazards ~ Mortgagee may require, in amounts and with companies acceptable to the
<br />~, and with lass payable to the Mortgagee. In case of loss undec such polides the Mortgagee is authorized to
<br />_'
<br />aajtnt, eoUect' and comprrimise;in its'disd`etlon, all' claims thereunder at its sole option, authori3edtoeitherapptytha - .
<br />pxocaeds !tr the eeatoration of the Property or ups Ure indebtedness secured hetebp, bat payments hezeunder.shaII con-
<br />time eat$ ~ anms eecrQed hereby ice paid in full.
<br />h. _t7 ~ararr. ~~ Tarcra-and taatcancr. Notwidrstandiuganything coatsiaed in paragraphs S and 4 hereof-ta the-
<br />ormtrrtry, Misr Khali pay to #hie Mortgagee et the time of paying the monthly. installments of principai and interest,
<br />one-twalttl~-of fire yearly tax~,=assesstfaentshaaazd insurance: premiums, and ground rents (if anyj wh'td: may attain s-
<br />peharitp rarer. Hus ~e aU,ac reasonabip estimated from WNe to;ttme by the Mortgagee. The amounts so.paid shall be
<br />~hh:i~ #be 3dortg~e ,tieithout int~eat:aad applied -to the payment o[-the items fa respect to whidr such-amounts were
<br />.- iTheyrtmadta'i~oetea-hprenuderae.piadgedsaadditionYt.seeurlty-fozthe9ndebtednesssecuredbythis
<br />~r ~iortgagoretrall pay to the amount'of any: defichgncy'between the actual taxes,: assessments, insurance
<br />'pirmiuraaand tiround:tani~:.and thfe depaaits hecittmder witbin;~Q days;attax demand Ss made upon Mortgagor requesting
<br />8. Repair, 9taintenance sad Use. To promptly repair, restore ox-"rebuild any buildings or improvements now or
<br />. -;s_ [tzr on tLe Property; to Iaeep the I'mpezty in goad cand'ttiaa and r~e~ur, wlthont waste, mad free from mechanic's or
<br />_ = ro ?~+e lien hecenf; not to-make, suftertir permit anq anisance to exist, nor to dimin-
<br />o'li=as act eapreasiq rris±rdinaFe*+
<br />=d~-impair ire. raiue oC the Property by any act or omiesion=to aCt~ sail to comply wits: alt requirements of Yaw with
<br />mapect to the Property: - -
<br />
|