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~g"'1UO376~ MORTGAGE
<br />This Mortgage is entered into between ~~ I'~ BESERNISS, a single tttart
<br />(herein "ivlortgagor") and
<br />THE Cn7ER1 AND NATICNAI. BANF: OE' GRAND ISLAND, Grand Island, Nebraska (herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ SO , 000.00 ,evidenced by Mortgagor's note
<br />dated June 6, 1979
<br />{herein "Note") providing for payments of principal and interest, with the balance of the
<br />izdebr:dness, it not sooner paid, due and payable on January 15, 1984
<br />To secure 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 Hall County, Nebraska:
<br />The East Half of the Southeast Quarter (E~Fi;) of Section Seventeen (17),
<br />Township Ten (10) North, Range Ten (20) West of the 6th P.M., Hall
<br />County. Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances lotxted thereon or irr anywese pertaining thereto, and the rents. issues and profits, reversions and remainders
<br />thereof; including, but not limited to, heating and coding equipment and such personal property that is attached to the
<br />improvements so as to constitute a future; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the teal estate secured by the lien of this Mortgage and alt of the foregoing being referred to herein as the
<br />°~rtY„
<br />kfort~or further mnwenants and agrees, with Mortgagee, as follows:
<br />I. Payment To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2 Titer. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />waaanta that the [ten created hereby is a first and prior lien on the Property, except as may others+ise be set forth herein
<br />D The Property is subject to a Mortgage wherein
<br />is the ~, warded at Book ,Page of the Mortgage Records of County,
<br />Nehnska, which Mortgage is a lien prior to the [ten created hereby.
<br />t7 tither prior Betts or encumbrances:
<br />3- Taus, Ataeesmeutt: To pay when due ail taxes, special assessments and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be suf4dent to enable the :tortgagee to pay such taxes, assessments or other charges as they become due.
<br />! irrsrrarree_ To keep [he improrer~atu now or hereafter located on the real estate described herein insured
<br />agaiaat damage by fire and suet other har~rds as Mortgagee may require, in amounts and x~th companies acceptable to the
<br />ilaatgagee, and with tae payable to the Mortgagee- it: cox of loss under sum policies the Mortgagee is authorized to
<br />a'fjast, cdte[9, end compromise, is its discretion, all claims thereunder at its sde option, authorized to either apply [he
<br />pmceeda to the mstoattion of the Property or upon the indebtedness secured hereby, bu[ payments hereunder shall con-
<br />timre until the some secured hereby are fetid in foil.
<br />5. D Escrow Fa: Tana and fostuance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />oontr$y, M shah pay to the Marge at the time of pa}°ing the tnanthty installrtrents of principal and interest,
<br />one-tveifth of the yearly fazes, asessments, haurd insurance premiums, and ground rents (if anyj which may attain a
<br />pdadty over this Mortgage, ail ae reasonahrly estdmated from time to time by the Mortgagee. The amounts so paid shall be
<br />held by tde Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />depodted. The wane paid to Mortgagee hetemidet are pledged as sddFtional security for the indebtedness secured by tuts
<br />Mortgage. Mor~grrrah~l pay to Mortgagee the amarmt of any deficiency between the actual taxes, assessments, insurance
<br />etd-geoimd rents and the deposits hereunder within IU days after demand is made upon Mortgagor requesting
<br />p~ymentthereo~
<br />S. Repaia, Maiatenaaee and Ilse. To prompt{y repair, restore or rebuild any buildings or improvements now or
<br />hereafter tre the Property; to keep-the property in good condition and repair, without waste, and free from mechanic's or
<br />otherliens not expreelysubordinated to the lien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />ish or impair the vdue of the Property by any act or otaiasion to act; and to comply with all requirements of law with
<br />retpeet to the Property
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