|
~~""~` U ~ ~ ~ ~. 2 SEO7ND MOH.TGAGE
<br />Th_~ Mortgage is entered into between DQNAr_B D. JAMES AAID BONPTIE M. JAMES
<br />(herein "Mortgagor') and
<br />THE O~'ERI~IND NATIDrIAL BANK OF GRAI`II? ISLAND (herein °Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 18 400.00 ,evidenced by Mortgagar's note
<br />dated May 25, 7.879 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />Inr~btedness, if not sooner paid, due and payable on b7av I9. 1989 ,
<br />To secure the payment of the Note, with interest as provided therein, the payment of ail other sums, with interest,
<br />sdranced by Mortgagee to protect the security of this Mortgage, and the gerformance of the covenants and agreements of
<br />the Mortgagor corrtsined herein; Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in nnii _ County, Nebraska:
<br />Ivt One (1), in Block ltzn (2), Westroads Estates Second Subdivision
<br />in Northwest Quarter of the Northeast Quarter (NW'~NE;) of Section
<br />'thirty-Five (35), ltmnship Eleven (11} North, Range Ten (10), West
<br />of the 6th P.M~, Hall Cbtrnty, Nebraska.
<br />Together with alt 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 />iheEeof, intruding, bat not limited to, heatiag and cooling equipment and such personal property that is attached to lire
<br />improvements, so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declamd
<br />to he a part of the real estate secured by the lien of this Mortgage and all of the Yoregoing being referred to herein as the
<br />a~rtyn - -
<br />Mortgagor further coveenants and agrees, with Mortgagee, as follows:
<br />1: Payment To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2 TiEk. Mortgagor is the owner of the Property, ttffi the right and authority to mortgage the Property, and
<br />warunte That the lien created Hereby is a first and prior Tien on the Property, except as may otherwise be set forth herein.
<br />Q Tim Property is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Book ,Page of the Mortgage Records of County;
<br />Nel~ka, which ~ is a lien grior to the lien created hereby.
<br />C7 Other prior liens or encumbrances: ntial Life Tncnrance many of 9>ff;ri ca
<br />S. Taxes, nse~enffi To pay when due all taxes, special assessments and all other cl+arges agairrsi the 1'n:perty
<br />gad, upon written demand 6y Mortgagee, to add to the payments required under the Nate secured hereby, such amou,~r
<br />may be sdfrdent to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />!1. Ice. To keep the improvements now ar hereafter located on the real estate described herein insueed
<br />ags~u daAta®e by See gad. sacL other hazar+d+ as Mortgagee may require, is amounts and with companies acceptable to the
<br />Edortptgee, and writ lass payable to the Mortgagee. In case of loss under such policies the Mortgagee ii authorized to
<br />adtust, eotieex gad crompmmise, in its discretion, afl claims thereunder at its sole option, authorizedtoeitherapply the
<br />piques-ter-the tesEowtiarr of the Property or unon the indebtedness secured hereby, but payments hereundee shad can-
<br />tinae usttt #ie wmssewred hereby sre pa{d'm fait.
<br />S=. ~ Sseros-For `!`saes and dnsurance. Notwithstanding anything contained in paragraphs 3 and 4 6ereaf to the
<br />caatrary, ~ ~ paq tv -the Mortgagee at the time of paYmg the monthly installments of pri~ipal gad Interest,
<br />of ,tile peatiy ,tam, ~se:~aenta; htv~rd insutanee premiums, and ground rents {if any} which may attain a
<br />ply ovat this Mortgage, a4 m'teascmNdy estimated irom time to ume by the Mortgagee. The amounts so paid shall be
<br />tfetd )yY .the Moat vrithout tntetest rind applied to the payment of the items in respect to which such amounts were
<br />- .
<br />lepaertetd. Tito tnma pmd'to 1 irer+ermtter are, pledged as addttiotud seciuity for the indebtedness secured by this
<br />..
<br />~F .~s..._sss aecwee_n the acwtl taxes, 886es6a1ents, irrs~uance
<br />prerain:rrs and,gtamd rants anti lire depnmm hereunder aithin 10-`days after demand is made upon iortgagor requWtirg
<br />~apraentihereef.
<br />6..Rdpafr, Ma~tenaeeea~il Flaa.. 1b.prompRp repair, restore as rebuild any buildings or improvemeats rtow or
<br />hareafter oft lire ~t~9; to keejt; the ~opeEtya Bond eonditlon and repair, xithout waste, and free from mechanic's or
<br />ot3tera itot'expi+~dy sabardtnatet3 to the l~n hereof; got to make, suffer or permit any nuisance to exist, nor to dimin-
<br />1~ ar tmpair the-vattm' of tint*@irrrperty~ any act or orniadon to-act; and to comply -with all requirements of law with
<br />~sspact#o ttx"PrsnpertY: ,
<br />
|