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~t."".I: ~!U ~.^ ~ +S MORTGAGE
<br />'this Mortgage is entered into between ~~'i S• HAtL~,l and Z*~ i*!F',E IIA'~'Y Httsbai7d and
<br />Wife F.a~h in His or Her ~ Ricrht arm c ~,cr of Fa..>, nt-r~ (herein "Mortgagor"} and
<br />TfIE CSVEFZLAAID NATI~IAL i3ANK OF GRAND Z57Ab1D, Grand Island, Nebraska0,erein "Mortgagee"}.
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 40,000.00 ,evidenced by Mortgagor's note
<br />~~ Peril 25, 1979 (herein "~iof~"} providing for payment's of principal and interest, with the balance of the
<br />indebtedness, it not sooner paid, due and payable on April 25, 1984 .
<br />To secure the payment at the Note, with interest as provided there"sn, the payment of all other sums, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the petfortnance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />, Property located in Fr-a11 County, Nebraska:
<br />A oertaan part of the South 20-acres of the West Half of the Southwest Quarter of
<br />Section 33, Township ~.l~k3rth, _Rahge 9 West of the 6th i?.Ni. , more particularly
<br />described as fo . 13s~.ririing at a point on the South line of said South 20 acres
<br />of the West Hal.f~'Southtaest Quarter (Sr-¢W'Wa) of said Section 33, which point
<br />is 329.9 feet West of the Southeast Corner of said South 20 acres, thence North,
<br />parallel to the East Line of said South 20 acres, 660.3 Feet, running thence West,
<br />parallel to the South Line of said South 20 acres, 131.9 Feet; r„r,n;~=y t~*'.ro S~utir,
<br />r---.....---~ w u~ ~L Line of said South 20 acres, 660.3 Feet to a point on the
<br />South T<irre of said South 20 acres, mm~im thence East upon aril along the South
<br />Line of said-South 20 ages, 131.9 Feet to the actual paint of beginning, subject
<br />to one-half of the County l;~ad to-the South of said premises.
<br />Together with all buildings, improvements, fixtures, 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 />thereof; indndrng, 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 hereby dedared
<br />to be a part of the real estate secured by the lien of this Mortgage and ail of the foregoing being referred to heroin as the
<br />..~PB1'tY'.•
<br />Mortgagor further convenants and agrees, with Mortgagee, as follows:
<br />1. P:ymerrt. To pay the indebtedness and the. interest 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, sod
<br />warrants that the Lien created hereby is a first sad prior lien on the Property, except as tray otherwise be set forth herein.
<br />The Property is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Book ,Page of the Mortgage Records of _ _ County,
<br />Nebraska; whldr Mortgage is a lien prior to the lien created hereby.
<br />O tither prior liens or encumbrances:
<br />$. Taxes, Asaesementa. To pay when due all farces, special assessments and all other charges a~inst the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Insurance. To keep the improvemenu now or hereafter located on the real estate described herein insured
<br />against damage by Ore and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Martgagee, and :rith toss payable to the Mortgagee. In case of lass under such poliges the Mortgagee is authorized to
<br />adjust, collect sad compromise, in Its discretion, ail daims thereunder at its sole option, authorized to either apply the
<br />psoceeda to the restoration pf the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />- tlnue until the sums secured hereby ape-paid in full.
<br />B. 17 Escrow -Pot 'I'a:es and inearanex. Notwi#hstanding anythiag contained to paragraphs 3 and 4 hereof to the
<br />contrary-Mart~gor. shell pay to-the Mortgagee a! file time of p:ytog :he monthly iostaliments at prindpel and interest,
<br />fnte,twettth of the pearly rases, agents, barard fasttttnce premiums, and ground rents (if any} which -may attain a
<br />priority over tbis Mortgage; aU as reesonatrty estimated from 6tae to time by the Mortgagee. The amounb so-paid shalt be
<br />heltt bg the Mortgagee without txrterest and applied to the payment o[ the Items in respell to which such amounts were
<br />~ T~ _wtns paid to llitOf#(p~e ItPreue$er axr pledged ae additioaat security tar the Indebtedness secured by this
<br />~ Mortgagor PsY ~ ~? the; smarm of any de5dency between the actual taxes, assessments, insurance
<br />_ pd<entiums asd ground rents and the. deposits heresnder wtthht 10_deys after demand k made upon Mortgagor requesting
<br />,pay~rnt thereof.
<br />B, Mahtteaaaee slid iJae To promptly-repair,. restore or rebuild -any buildings or improvements now or
<br />hereafter oa qre Property;. to keep Lhe Pr pertp is g~ c+sndt*ron and repair, without waste, and free from mechanic's or
<br />otherJiena notexpres9ty ss~bardinatea to the lien het~tff; sot to make, suffer or permit any nuisance to exist, nor to dimin-
<br />istr 'Cr-ifnpatr the vatti~ of-the ~ ~p ariy' aMG or amfssian to act; and to comply with all requirements of law with
<br />,,respect to the,tyrapaity,
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