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7~-.. ~ ~) `~ ~ ~ $ MORTGAGE
<br />This Mortgage is entered into between M I chae 1 R. C I ark and Marna I. C I
<br />Tfie Overland National Bank of Grand Island
<br />(herein "Mortgagor") and
<br />-.(herein "Mortgagee"}.
<br />Mortgagor is indebted to Mortgagee in the principal sum of ~, 26j500, 00 ,evidenced by Mortgagor's note
<br />dated 5'2974 (herein "Plots"'} p,oviding far payments of principal and interesk, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on._ 6-5-86
<br />To secure the payment of the Note, with interest as prodded 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 I I County, Nebraslta:
<br />~~'°-
<br />LOT SEVENTEEN (17)~N~~TERN HEIGHTS SECOND SUBDId15tON,
<br />HAIL CQUNTY, NE
<br />Together with eII 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; iodnding, but not limited to, heating and canting equipment and such personal property that is attached to the
<br />improvements so as to rnnstitute a fixrure; alt oP which, including replacements and additions thereto, is hereby dedazed
<br />to ire a part of fire rest estate secured by the lien of thu Mortgage and all of the foregoing being referred to herein as the
<br />~)'roPertY"-
<br />Mortgagor further coveenants and agrees, with Mortgagee, as follows:
<br />1. P:yrrent To pay the indebtedness and the intetesf thereon as provided in this Mortgage and the Note.
<br />Y. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />waaaats first. the lien cmated hereby is a fast and prior lien on the Property, except a; may otherstise be set forth herein
<br />The Property is subject to a Mortgage wherein
<br />is fire Mortgagee, recorded at Booi< _, Page of the Mortgage Records of eaimty,
<br />Nelsruta, wfiirh Martgage is a lien prior to the lien created heretic.
<br />D OKber prior liens at ertrumbrances:
<br />S. Taxes, Amts To pay when due aII Lases, special assessments and all other cloarges against the Property
<br />atrd, upon wQitea demand by Mo*+~agee, to add to ttse payments requisetl under the Note secured hereby, such amount .s
<br />may be tufftcieat to enable the Mortgagee to gay such taxes, assessments or other charges as they become due.
<br />4 fem. To beep the improvements now or hereafter located ob the real estate described hernia insured
<br />against daarage by Ere and other hazards mm Mortgagee rosy reyitire, in amounts and with companies acceptable to the
<br />Mortgagee, and with loss payable to the Mortgagee. In case of lass under such policies the Mortgagee is authorized to
<br />adjust, ooHeet and compromise, in its discretion, alt claims thereunder at its sole option, authorized to either apply the
<br />proceeds to the restoration of Ure Properly ar upon the indebtedness secured fiereby, but payments hereunder shall con-
<br />ttmre until the lusts secured hereby are paid in full.
<br />5_ l7 F.arsow For Tales and insurance. Notwithstanding anything contained in paragraphs ~ and 4 hereof to the
<br />camtrary, Mortgagor sF.aB pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one-tBelish of the yeaxty taxes, Brenta, hafard insurance premitrms, and ground rents {if aay}which may attain a
<br />FRl°eltY ortr ~ M~De, ~ as ~onablY estimated from tip #o time by.the Mortgagee. The amounts so paid shall be
<br />~d by th Muttgtgee without interest and apptled to the payment of the items in respect to which such amounts were
<br />d~yttsted. Rise ! to Maatpgee heragiader tuff pledged ~ additional security for the indebtedness secured by this
<br />. ~$idtpsy t4 the amount of any detfCieney between the actual tales, as~~r<.enis, ia~,..,,ce
<br />prxminms amd ground rents sad the- depaaits heteattder within 10-days after demand is made upon Mortgagor regtresting
<br />~ , fdrliol~tatxe and Use: `fa grmiaptty repair, restore ox rebuild any buildings or improvements now or
<br />~ ~ ~; ~ lreep thr Frhyerty ~ gad condition sad repair, without waste, and free from mechanic's ar
<br />othalltana not eapceesty gtbozrllaated to the lien hereof; not to m8$e, suffer or permit any nuisance to exist, nor to dimla-
<br />1s6 or Impair the talee at the Rtupszty byway set or amisalori to act; and to comply with ail requirements of taw with
<br />raapect to the Properly: .
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