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<br />Thffi Mores is entered into between C~ A' FITCf; acrd ~-~ ~• FZTt~'r3, :r+~harr7 ar>r wife,
<br />and Ll'NPT D. > and R. i~.S, Husbarrl and Wife --
<br />{herein "Mortgagor"} and
<br />THE E7STERLAND NATI(Y~I, BANK OF GRAAID ISIAND, Grarzi Islarr3, Nebraska {herein °Mortgagee").
<br />Mortgagor is indebtzd to Mortgagee in the principal sum of $ 37, 350, DO ~~~ by Mortgagor's sate
<br />dated ~Y 4 r 1979 {herein"ivoie") providing far payments of principal and interest, with the balance of the
<br />indebtedness, if not roomer paid, due and payable on. Atx3ust 4, 1980 .
<br />Tosecure the payment of the Note, with interest as provided therein, the payment of all other sums, 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 Ha_71 County, Nebraska:
<br />Lot Thirteen (13) in Block Tiao (2) of Axt and Hagge's Addition to the
<br />City of Grand Island, Hall Cctutt~, Nebraska
<br />Together -with a!1 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 remainden:
<br />thereof; including, but-not limited to, heating and cooling equipment and such personal property that is attached to the
<br />improvements so as Lo constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the rea! _estate secure_ d by the lien of this Mortgage and alt of the foregoing being refereed to herein as the
<br />..Property,..
<br />Mortgagor further convenants and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the interest thereon as provided is 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 />wmmnts -that the lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein
<br />fl The Property ss subject to s hiartgage wherein
<br />is the. , r€~rded at ].look ,Page of the Mortgage Records of County,
<br />Nebraska:. w ~s a lien-prior to the lien created hereby.
<br />O Other prior liens or
<br />8. Taus, Aaeeaearenta. To pay when due ail taxes, special assessments and alt other charges against the Property
<br />and, upon written demand 6y Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />tnay be tutflcient to enable the Mortgagee to pay such razes, assessments or other charges as they become due.
<br />~. Inwtance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to she
<br />Vic, and with !ems payable to the Mortgagee. In case of toss under such policies the Mortgagee is authorised to
<br />adfistt, collect and compromise, in !ta discretion, all claims thereunder at its sole option, authorized to eitherapply the
<br />praoeeds to the*estormtba of the Property or upon the indebtedness secured hereby, but payments hereunder shall com
<br />ttdue until the soma secured hereby are paid in full.
<br />S. LI Eaceow For Tees and Insurance. Notwithstanding anything contained In paragraphs 3 sad 4 hereof to the
<br />oaritrary, Mortgagor sluil pay Lo-the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />orre-Cwetlth of-toe yaarly;taKes; asecesmenta, ha2erd insurance premiums, and ground routs (if any} which may-attain a
<br />pilaxtiy cavM! #h~ - all ~ reabanebiy estimated from time to time by the hiartgagee. The amounts so paid shall be
<br />helit, b~;me',Mort~rgee wftltout interact and appifed to the paymept of the items in respect to which such amounts were
<br />dapagt7aed. The soiree paidrto IY#orkga~e hereunder ate }-tedgetl as additIpnat a2eutfity for the indebtedness secured by this
<br />#~arC~ge: Mai~go'ts6a11pegtaMottgagoe the amount of any deficiency between the actual taxes, assessments, insurance
<br />~rentluav $adg[ound rents aad'the deposits hereunder within-l0 'days after demand is meek upon Mortgagor requesting
<br />pAymentt thereof.
<br />8. Itepait; Malntenapee and tTsa., To promptly repair, restore or rebuild any buildings or improvements now or
<br />hereafter on tlre-1'ro ' "
<br />perty; to beep the Property t6 good condition and repair, without waste, and free from mechanic's or
<br />otherYeas not expt~ly subordinated to the lien hereot; not to cake, $uMeror permit any nuisance to exist, nor to dimin-
<br />iUt .or-impair. the vahu o[-.the Property. by anp act or omission to act; and to comply with all requirements of law with
<br />respect to tbg Ptoperty.
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