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<br />MORTGAGE
<br />Thls Mortgage is entered into between ~'~~ ~ and BARBARA PNN BAtd3HART, Husbatxl
<br />and Wife, as ,joint Tenants and riot as Tenants in Cotrion (herein "Mortgagor"} and
<br />~ SAPID NATIl7l~tL BAAIIS Ci' t'RANID ISIIiND, GL'aty3 Islarxi, Nebraska rein "Mortgagee"}.
<br />Mortgagor is indehted to Mortgagee in the principal sum of ~ 52, 000 _ 00 ,evidenced by Mortgagor's note
<br />,~ Mau 1, 1979 (herein "Note"} providing for payments of principal and interest, with the balance of the
<br />indebtedness, i[ not sooner paid, due and payable on Ma 10, 1986 ,
<br />To secure the payment of the Note, with interest as provided therein, the payment of all other stuns, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance 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 ~ Iia7-l County,. Nebraska:
<br />Fats Four (4} and Five (5) in Block Forty-Four (44), Packer and Ban's Second
<br />Addition to the City 4f Grand Island, Ha11 County, Nebraska, together with the
<br />oarq~lamstt to said Iot Frxsr (4} , }Je~q a tract of land 8.9 feet wide by 120
<br />- feet long lying itmiedi:afely south of and adjacent to the south line of said Lot
<br />Fatty (4) Block Forty-Four (44), Packer and Barr's Seoond Addition, swirl oa~le-
<br />merit also known as IAt Tern (10), Block Forty-Four (44) Packer wad Barr's Annex;
<br />together with the half of vacated Clarence Street lying myth of and adjacent ~
<br />.the north litre of F,ot Five (5) in Block Forty-Four (44), Packer and Barr's Seaorld
<br />Addition, said street having been vacated by Ordinance No. 5005, excepting there-
<br />fran the alley reserved in said Ordinance No. 5005.
<br />Together with all buildings, improvements, factures, streets, alleys, passageways, easements, rights, privileges and
<br />appureenancxs located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainder
<br />thereof; lnaludiog, trot not limited- to, heating and cooling equipment and such personal property that is attached to the
<br />improgemenffi so as to constitute a fixture; ail 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 all of the foregoing being referred to herein az the
<br />"Prof?ertY"•
<br />Mortgagor fnrtlter eonvenanffi and agrees, with Mortgagee, as follows:
<br />1. Paymenk 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, and
<br />waaanffi that the lien created hereby is a first and prior lies on the Property, except as may 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 />I+iebcaska; which Mortgage is a lien prior to the lien created hereby.
<br />^ Otherprior 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 sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Insurance. 'To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by Ere ahd such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and w[th lose payable to the Mortgagee. In case of loss under such r~licies the Mortgagee is authorized to
<br />adjust, collect and compromise, in Its d'~scretion, all claims thereunder at Its sole option, authorized toeitherapply the
<br />Qrviceeda to tits restoration of -the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />time until the sums secured hereby are paid in full.-
<br />-- 'S: CI F,saorr-for Taxes and Fnsurance. Notwithstandfng anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor shall pay;to_the Mortgagee at the time of paying the monthly insiallmenffi o[ principal and interest,
<br />o~twelftlt of the yea8y tar4es as5essmeclffi; hazard insurance premtstms, and ground rents (if any) which may attrvn a
<br />priority ~er_ this Mortgage, all-es rr!eas©nHblX eetimatcd from-time to time by the Mortgagee. The amounts so paid shall 6e
<br />- held by t68 NTo~geewitAoat° (nt4~eat an# apadiad to the payment of the itertu in respect to which such amounts were
<br />_ depo~eet_`11iean~s pgid to Idortgapae'tiereunder are pledged es afldltiohai security for Ute indebtedness secured by this
<br />Mortgage. MortgagorshaU pay to ¢Sortgagee-'the amoustof any deYrctencybettveenlhe actual taxes. assessments; insurance
<br />-' preniietbs apd ground rettffi anri'the depoafts'lferearider within 10'"days after demand fa made upon Mortgagor requesting
<br />paymenEthereof.
<br />B..Repait Idaintanattce and Owe. To promptly repair,'restore or rebuild nhy buildings or improvements now or
<br />beieafffir ba the Property to keep the Prppeztp in good condition ahd repair, without waste, and t;•ee from mechanic's or
<br />ottierYens aiot=exptessiy3aboi~d(nated?ti`t(te`Iiert hereof; not to make, suKer or pem~it eny nuisance to exist, nor to dimin-
<br />fndx=or inrpair.thevatue-nY the:Peaperty,by ~ny_act or_omission to act; and to comply with all requirements of law with-
<br />... rebpecttothe.Propeity:
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