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<br />7~-r U ~ ~ ~ ~ ~ MORTGAGE
<br />This Mortgage is entered into between nave Swanson and Donna ~xanson
<br />(herein "Mortgagor") and
<br />The Over I and Nat i ono I Bank of Grand i s !and (herein "Mortgagee"').
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 49, 950:00 ,evidenced by Mortgagor's note
<br />dated 6-4-79 _ (herein "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner oaid, due and payable on 5-4-2004 ,
<br />To secure Ehe payment of tde :vote, 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 performanre 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 Fla I I County, Nebraska:
<br />Lot Six (6) R4eadoM Lane Fourth Subdivision, In Hati County, Nebr.
<br />Together with all buildings, improvement, fixtures, streets, alleys, passageways, easements, righu, privileges and
<br />appautenanees loesated Wereon or in anywise pertaining thereto, and the rents. issues and profits, reven;ions and remainders
<br />thereof; indnding, but not kimited to, heating and cooling equipment and such personal property that is attached to the
<br />impravemetrts so ~ to constiWte a fixture; ati of which, including replacement and additions thereto, ti$ hereby dedared
<br />to be a part of the t~l estate se~uted by ffie Tien of this Mortgage and all of the foregoing being referred to herein as the
<br />"PTOpertYr
<br />Mortgagor further corrveaant end agrees, with Mortgagee, as fellows:
<br />1. Payment. To pay the indebtedness and the interest thereon as provided itt this Mortgage and the Note.
<br />2. Tula Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />waQents that the lien seated hereby is a flat and prior lien on the Property, except as may otherwise be set forth herein.
<br />The Property is subject to a Mortgage
<br />s the I;Cortgsgee, reeesrded at Book ,Page of the Mortgage liecords of
<br />Nebraska, whie4t Mortgage is a lien prior to the lien created hereby.
<br />Other prior liens or eneumbrsnees:
<br />3. Taxes, Aasesaoeai~ fin pay when due ail taxes, special assessments and ail other charges against the Property
<br />sad, 'sritea demand try Mortgagee, w add to the pay°menis rrquimd under the Note secured hereby. such amo+:nt as
<br />mty ire saffieitnt to enable the Mortgagee to fay weh taxes, r~sessments or other charges as they become due.
<br />~. Iauar~xe, To keep the. improvements now or hereafter touted an the taxi estate described herein insured
<br />tit damage by foe and sash other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />t3o:tgaCee, and wttb low payaltle to the Mortgagee. In ~e of lass under such policies the Mortgagee is authorized to
<br />ad}ast, collect and eomproaetse, in its diaeretion, all ciairrts thereunder at its sale option, authorized to either apply the
<br />to the restesafiw of the Property ~ upon the indebtedness secured hereby, but imymtents hereunder shall con-
<br />6Fnae tt$~1 file Fnrtss wed treraby are paid is fai3.
<br />'S. ~ >. Far Tana am! l.~.ata~xe Notzrzshstaading anything contained in paragraphs 3 and 4 hereof to the
<br />~~9, ~ sha0 Pay W the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />a~-ter~f~ at' qre ypuiy taotrs, aoae~en#, hazard insurance premiums, and groand ren6c (it anyj which maY attain a
<br />pdiodty tsrrr lhla Mores, afl as reasonably estimated from ttme to time 6y the Mortgagee. The amounts so paid shall be
<br />bidd by the Mael~ee w#haut interest and applied to the payment of the items in respect to which such amounts were
<br />_~'Ae mma ~ ttr Yr imrun~r are pledged ffi additional secarity for dre indetrtedaeas secured by this
<br />Mtn gay Eo ~ t~ amourtt of arsy deflcfzney between the actaal taxes, aaessments, insurance
<br />. pst~t~s and ~to®td ~enCs sad the dtpoafts heretmder within 10 days after demand is made upon Mortgagor requesting
<br />pigment tTiereof.
<br />8. Repair, Malisten~ce and IIse. To prbmpUy repair, resttxe ar rebuild any buildings ar improvements now ar
<br />~+'s;~ ~ ~ ~peeRST+ 1b keefr the PmpertY' at Foa~d eonditton and repair, without waste, and flee from mechanic's or
<br />athurIlens not exprassty saboidr7tated to Ilse :acts hcreot; not io :sake, suffer or permit any nuisance to exist, nor to dimin.
<br />Lih cz impair the value of the Ptepmtig by any aet.or omission to act; and to comply with all requirements of law with
<br />?espeet fez ~ Pr-y.
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