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<br />7Q-.. ~~3~~9 MORTGAGE
<br />This Mortgage is entered into between ~'~'~ R. IZF~Pd,I taxi WILMA A. KECfiICI, Husband
<br />afrd Wife - (herein "Mortgagor") and
<br />TfiE C+E7ERLAND NATIONAL BANK QF' C.RADID ISLAND Grand Island Nebraska (herein "Mortgagee„).
<br />Mortgagor is indebted to Mortgagee in the principa! sum of $ 37, 500.00 ,evidenced by Mortgagor's note
<br />datsd Jtme 4, 1979 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness, i[ not sooner paid, due and payable on._ ~~ 5, 1979 .
<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 ~T~ -County, Nebraska:
<br />Lot Five (5) in Block Eighteen (18) University Place, an Pddition to the City of
<br />Grand Island, Hall County, Nebraska
<br />':ogeWer with all 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, inversions and remainde[s
<br />thereof; induding, but not limited to, baiting and cooling equipment and such personal property that is attached to the
<br />improvements so as to constitute a future; all of which, induding replacements and additions thereto, is hereby dedared
<br />to be a part of the real estate secured by the icen o[ this Mortgage and all of the foregoing being referred co hernia as the
<br />..proPert9,.
<br />Mortgagor further coneenants and agrees, with Mortgagee, as follows:
<br />1. Payment To pay the ir-debtedness and the interest 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 />warrants that the lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />D The Property is subject to a Mortgage wherein
<br />~ the Mortgagee, reeruded at Book ,Page of fire Mortgage Records of County,
<br />Nebraska, which Mortgage is a lien prior to the lien erected hereby.
<br />D Other prior lierxs or encumbrances:
<br />3. Tarns, Aaeessmrmts. To pay when due alt toes, special assessments and stt other charges against the Property
<br />and, upon written demand by Mortgagee, to acid W the payments requued under the Note secured hereby, such amount as
<br />msiy be atdfatieat to enable the Mortgagee to pay such taxes, assessments or other charges as they bernme due-
<br />4 Iawau~ce. Ta keep the improvements now or hereafter located on the real estate described herein insured
<br />agarast damage by Ere and cash other hazards ac Mortgagee may require, is amounts and with rnmpames acceptable to the
<br />YdortgaEee, a~ with ltr~ payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorised to
<br />e$pU, ca}~ef. cad compromhee, in its discretion, all daims thereunder at its sole option, authorized to either apply the
<br />peorxeds to the rcatotation of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tis~ tmtll the satins s€~vred hereby are paid is fuiL
<br />" !:. D F~esow. For-Tams and Ix. Notwithstandinganything eoatained is paragraphs 3 and 4 hereof to the
<br />7I, ahsil pry to fire fdtrrtgagee at the time of paying. the monthly iirstalimants of principal and interest,
<br />eoatwd&h of flu yeasfy Las, assemments, tuaard insurance premiums, and ground rents (if any) which may attain a
<br />priartty over khis Mortgage, alt as xeasanabty estimated hom time to time by the Mortgagee. The amounts so paid shall be
<br />- Leld by ffie witltoat iatereat trod applied to the payment of the items in respect to which such amounts were
<br />- _-.. - - ~tadted. 'Pfie new odd io iNottpq+ae berermder are pied;ed as additions! security far the indebtedness secured by this
<br />. pap ttr the amount of arry defuaency between the actual teas, assessments, instaartce
<br />and jtonnd ~em~ cad tfre depoab hereunder within 14 days after demand is made upon Mortgagor requesting
<br />' "pt~eof.
<br />$: Rgsaa, klasrteoanee a~ IFae. To promptly repair, restore or rebuild any buildings or improvements now or
<br />nereaftet on`tlie Property; to keep tie Property in good condition cad repair, witfiout waste, and free from mechanic's or
<br />tither Dena art expreafly atbardinfted to the lfim hereof; not to make, softer or permit any nuisance to exist, not io dimin-
<br />lah "ar ifnprir file vaiite of the Fropariy try nay net ar amissian to act; cad tc canrply with ail requirements of law with
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