|
~~a°1d ~} ~ ~ ~ Q MORTGAGE
<br />CHARLES W. WINKLER and DORIS L. WINKLfIR, Husband slid
<br />isentereaiatobetween Wife, and CHARLES R. WiNKLER and DGRiS L. WINKLER,
<br />Husband-and ife, and GERALD W. JONES and SHARON R. JONES, Husband and Wife
<br />(herein "Mo r" and
<br />THE OVERLAND NATIONAL BANK OF GRAND ISLAND, Grand Island, Nebraska (herein"Mortgagee"j.
<br />Mortgagor js indebted to Mortgagee in the principal snm of $ 45.000.00 ,evidenced M
<br />by ortgagor's note
<br />~~ Apri 1 18, 197~,~;a "Note"j providing for payments of principal and interest, with the lalance of the
<br />fndebtedness; it not sooner paid, due and payable an October 15, 1979
<br />- To setatte the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />adwrrced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants sad agreemea~ oI
<br />-the Ir cantairied herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property Located is Hdl1 County, Nebraska:
<br />Lot Sixteen (16) in Block Three (3) Olde Mill Subdivision, City of
<br />Grand Island, Ha]1 County, Nebraska
<br />~_
<br />'Pagethez with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances jopted thereon or is anywise pertaining thereto, and the rents. issues and profits, reversions and remainders
<br />ttrereof; irrclading, but not gadted to, heating and cooling equipment and such persona! property -that is attached kr-the
<br />improvements so as to eonatitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate: secured by the lien of this Mortgage and ail of the foregoing being referred to herein as the
<br />"Property^.
<br />- Mozigagoi fuztger coneenants and agrees, with Mortgagee, as foliows•
<br />t;. Payment. To pay the indebtedness and -the interest thereon as provided in this Mortgage and the Note.
<br />2 Ti3ie. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property; end...
<br />ararrarrb that the lies created hereby is a first and grior6ea on the Properly, except as may otherwise be set forth herein..
<br />Q -Tire. Property is subject to a Mortgage wherein
<br />._ _.
<br />a the tce, recorded at $twk ; Page of the Mortgage Records of County;
<br />~. which i~ is a lien prior to the lien created hereby.
<br />^ Outer prior liens or encumbrances: -
<br />$. Taws; Alta .To pay when due all taxes, special assessments and all other charges against the Property
<br />- and; upotr wNtten demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be nB~.aeat to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />#. :. To keep the improvements now or hereafter located on the real estate described herein insured
<br />agdmt damage'by lire apd such other hazards as Mortgagee may require, w amounts and with companies acceptable to the
<br />Mortgagee, and with loss payable to the Mortgagee. In case of loss under such po]icies the Mortgagee is authorized to
<br />adj~t, coUeet and compromise, in its discretion, ail claims- thereunder at its sole option, authorized to either apply the
<br />prooeeeia to the restoration of, the Property or upon the indebtedness secured hereby,-but payments hereunder shah con-
<br />- ti6ue aatll:the suede accused hereby are-paid in full:
<br />_ :.,
<br />& C,3 i~tox Fes, Tatted and InattraQCe. Natwitbstaading aaythiag containedin paragraphs_3 and # hereotto-the -
<br />eontfary,,px ~ psY to the Mortgagee at the- time of paying-the monthly installments of principal and interest,
<br />one `twe[t~ o[ the Yq~tip `taxesassaremapts~ hazprd lasurdace premiums; and ground rents- (it anyj which may attain a
<br />. ~ over_t~a Mort~iga, all aa=ivoarmabiy estimated fmm time to~time;by the fortgagee; The amounts so paid shall be
<br />held by the ~ _wlthoat igteraet aad:applled #o the-payment of the items i9 respect to-which such amounts. were
<br />I rlepositnd='Pfui•sums paid to Mustee iNpnrmder stn pteilged ae additignal,semkity for the indebtedness secured by this
<br />Mortgage, Mortgagor:hallpay to Mortgagee the amount of say. deficiency between the eotuaitaxes; a~easments, insurance
<br />premiums and gtwwd rents and the deposits herermeiez-within lit days after demand is made upon Mortgagor requesting
<br />payment thereoL
<br />6. Repair, Maintenance sad Use. To promptiy,tepair; restore or rebuild any buildings or improvements now or
<br />hereafter an the Property; to keep-the Property.'tn gaud- condition and repair, without waste, and free from mechanic's or
<br />othecliens not express~y'subordinated to the lien heiept; not Gr iaa§e, duffel or permiCany nuisance to exist, nar to dimin-
<br />ish or iarpalr tfie slue of the Property .,y any set cir;omission-to-act; aqd to comply with ail requirements of law with
<br />respect to the Property•
<br />
|