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<br />SECOND MORTGAGE
<br />This Mortgage is entered into between
<br />Ii~}BFl2T' L. f~.TM3t7ClI and DE.BORAFI J_ I.3E1MBt~-I Husband and Wife (herein "Mortgagar") and
<br />THE oS7E12LAND NATIONAL BANK ~' GRd12v'i) SSLAND, Grand Island, Nebraska (herein "Mortgagee").
<br />Mortgagar is indebted to Mortgagee in the principal sum of $ 13.660.00 ,evidenced by Mortgagor's note
<br />dated April 9. 1979 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable ar,. S°pt..~Y' 9t 19$3 -
<br />To secure the payment of the Note, with interest as provided therein, the payment of alI 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 Hall County, Nebraska:
<br />7t~t Three (3}, Block Four i4), Normandy Estates, an addition to the City
<br />of Grand Islam, Hall County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appttrkenances located thereon or in anywise.pertaining thereto, and the rents. issues and profiu, reversions and remainders
<br />thereof; iar2ading, but not limited to, heating and cooling equipment and such personal property that a attached to the
<br />improvements so as to constitute 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 all of the foregoing being referred to herein as the
<br />~~AertY"
<br />McxtgagOr further convettaots and agrees, with Mortgagee, as follows:
<br />1. hyment. To pay the indebtedness and the interest thereon as ptor+ided in this Mortgage and the Note.
<br />2. Title. Mortgagoe is the owner of the Property, tins the right and authari:y to mortgage the Property, and
<br />warrants that the lien crested hereby is a first and prior lien on the Property, except as map- otherwise be set Earth herein.
<br />J The Property is subje?~t to a Mortgage wherein
<br />is the Mortgagtx, reoorded at i'sbak ,Page of u,e Mor`,gage Records of County.
<br />Iiebraska, which Mo~rigage is a lien prior to the lien created hereby.
<br />f? f}dter prior liens or encumbrances:
<br />S. . 4ts. Ta pay when due all taxes, special assessments and all other charges against the Property
<br />sad, upon written demand by Mort~rgee, to add to the pavtnents required under the Note secured hereby, such amount as
<br />may be svfficien# to enable the Mortgagee io gay such taxes, ~sments or other charges as they become due.
<br />! tamraace. To keep the improvements now or hereafter lasted an the real estate described herein insured
<br />a~tast damage by fire and other hazards as Mortgagee may require. in amounts and with mmpanies acceptabte to the
<br />and with foss parable to the 'ltartgagee. In case of toss nnder such palicie< the lkfortgagee is authorized to
<br />adjust., rxalMct and compromise, in its discretion, ati claims thereunder at its sole option, authorized to either apply the
<br />proceeds to t~ reztatatieat of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />t rL9f~ the snag aerated hereby are paid in full-
<br />s, L3 Eaaow p'aa Tgres and Notwithstanding anyth;ng contained in paragraphs 3 and 4 hereof in the
<br />ooattary, Mortgages ahati pay to the )~rtgaeee at the of paying the monthly installments of principal and interest,
<br />om.#wdith of tlu yeadp tarns, asse~ments, hazard insurance premiums, and groand rents (if any) which may attain a
<br />p#todty over this Mom, all a-reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />'!~ by Ilse Moetpegee wrtlront imtereat and applied to the payment of the items in respect to which such amounts were
<br />dep~#ed, !fie sums P~ bn hcrnmdcr-are pledged as addilonal severity for the indebtedness secured by this
<br />. sT pry ~ ~ tl~ t~ou'at of sty deacy between the actual taxes, assessments, insurance
<br />pacmin~ sad Et'a'~d rents cad ibe dePaaila berettnder wit4ia 10 days after demand is made upon Mortgagor requesting
<br />.Payment f8amut
<br />8; Rspda, and Use. To pt~y repair, restore or rebuild any buildings or improvements now or
<br />hereafier oat the Y:eper#y; to keep the Pmperty :a good condition and repair, without waste, and free from mechanic's or
<br />Miens not exgrrssly subordinated to the lien hereat; not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />trh or impair the value at the Property b9 ang act or ommsion to act; and to comply with alf requirements of law with
<br />r~.^#w t'~ 2~rry.
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