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~~~ ~ ~ t`~ ~ ~'i ~ SEWPIl1 MORTGAGE
<br />This Mortgage is entered into between JAlii>~ W. EPTCK AND URSLlf A E. ENCK
<br />(herein "Mortgagor") acid
<br />THE OVERLAND NATIONAL BADII~ OF C~AP>D ISFi21PID (herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 3, 518 $6 ,evidenced by Mortgagor's note
<br />~~ sjtlrt6 12; 1978 (herein "Note") providing for payments of principal and interest, with the bslance of tfte
<br />Indebtedness, if not sooner paid, due and payable on July 2. 1983
<br />'' '-- :1•oaecurethep~mentof the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />ilia Martgagm• contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the Pollowing described
<br />, prrperty located in Hall County, Nebraska:
<br />The South Half ($~) of Iot Thirty-Nine (39), and all
<br />of Int Flirty-One (41), in Block "D", in Parkview.
<br />Subdivision, an addition to the City of GYand Island,
<br />Hall tbuntp, Nebrasl.a.
<br />lbgether w'sth alt buildings, improvements, factures, streets, alleys, passageways; easements, rights, privileges and
<br />appurtenances located thereon ot'in anywise pertaining thereto, and the rants, issues and profits, reversions and remainders
<br />thereof; indttding, but not limited to, heating and cooling equipment and such persoaal property chat is attached to the
<br />impmvementa so as to constitute a fixtures all of which, including replacements and additions thereto, is hereby declared
<br />Lo 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 />..proPert9"
<br />Mortpgor further ooveenants and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedne~ and the interest thereon as provided in this Mortgage and the Note.
<br />2 Title. Mortgagor is the owner of We Property, has the right and authority to mortgage the Property, and
<br />warrants that the Tien cleated hereby is 9 first and prior lien an the Property, except as may othe*wise be set forth herein.
<br />© The Property is subject to a Mortgage wherein
<br />is-the ~, rewrded at Book ,Page of the Mortgage Records of County,
<br />NeToxaslu, which Mortgage is a lien prior to the lien created hereby.
<br />O Other prior liens or
<br />3. 'Fazes, Aasea~tectts To pay when due alt Loxes, 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 sufIIdent to errable the Mortgagee to pap such taxes. assessments or other charges as they become due.
<br />4. Iaa~tee: To keep the irnpmvements now or hereafter located on the real estate described herein insured
<br />dama0e by firs and Bch other hazards as Mortgagee may require; in amounts and with companies acceptable to the
<br />. MartPgeQ; aMi with Ines papabte to the Mortgagee. In case at Ross under such poHcties the Mortgagee is authorised to
<br />add, collect and compromise, in its discretion, si! claims thereunder at its sole option, authorized to eitherapply the
<br />proceeds to the restoradoa of'the Property ~ upon the indebtedness secured hereby, but payments hereunder shell con-
<br />- tintre tuttll the sum secured trereby are paid in lull.
<br />6. ~ Fmrtow 1?or Tana sari Inac¢ance. Notwithstandinganything contained in paragraphs 3 and 4 hereof to the
<br />~9+ igpr al~dl ¢ay_ts;the Moee at Ybe time of paying the monthly installments of principal and interest,
<br />ww-tweYfth of the y~iy ,,assess[talnts, haaard instuance premiums. and ground rents (tf any) which may attain a
<br />pdoritq ~e~ tide ~; ell as z<ypanabt3* estimated from time to rims by the. Mortgagee. The amounts sa paid shall be
<br />held` l+Y tiro lk[ortgogee wtthont ititeeat and applied to the payment of the items in respect to wttic6 such amounts were
<br />deposited. Tho attn+s pfd to MorF,gegee iterett6fisr are. pledged es additional aecntity for the indebtedness secured by this
<br />- 1Vfnrtgase. MortgagOCaT~ pay to Mtfrfgagee the amount of arty de&eiency betarcen the actual taxes, assessments, insurance
<br />pleminms and. ground-its and the depvaib hereurtdet within l0 days after demtmd'as made upon Mortgegar requesting
<br />payment.theriwL
<br />6.-tT~air, MafaMtvgtatoB afbd:Ure. To promptly repair, restore or rebuild any buildings or improvements nuw or
<br />t+erertfte~r oa; the .Psgperty; air keep-f~he Prtsperiy in good condition and repair, without waste, and tree from mechanic's or
<br />ottiet'lleae n®t sapee~Aq`9uha[siigt~te4 sg~tke Uep ~Seteo[; not to make; suffer or permit any nuisance to exist, nor to d'emin-
<br />irh.or impals.tbe value bf the Propet6j htT; any act or omis¢ion to act; and to comply with all requiremenW of law with
<br />respect to tie Ptopaxt~j+.
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