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<br />7g.-~ t1~i41$2
<br />SECOND MOfdTGAGE
<br />This Mortgage is entered into between LE iCfITON E. Iat LEY AND CONti! E J . Wi LtY
<br />(herein "Mortgagor") and
<br />THE OVERLAND NATIONAL BANK OF (?RAND tSLANf) (herein"Mortgagee").
<br />Mortgagor is endebted to Mortgagee in the principal sum of $ 14 549- 90 ,evidenced by Mortgagor's note
<br />datsd June i 8, 1979 (herein "Note") providing for payments of principal and interest, with the baiarece of the
<br />indebtedness, If not sooner paid, due and payable on. .! une ?8 _ I GR9
<br />To secure the payment of the Note, with interest as provided therein, the payment of ail other sums, with interest,
<br />advanced by More~~agee to grated 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 larzted ia.; Na 1 1 County, Nebraska:
<br />r;~* Lot four (4) in Scheei's Subdivision, Drina a Tract of
<br />z;:~ ~'~ Land comprising a Part of the Southeast Quarter ofi the
<br />Southwest Quarter (SEaSWs) of Section Thirty-Two (32),
<br />Township Eleven Cit) North, Range Nine (9) West of the
<br />bth P.h1., in Hall County, Nebraska.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appUrtenanoes located thereon or in anywise pertaining thereto; and the rents. issues and profits, reversions and remainders
<br />thereof; iadndmg, but not limited to, heating and cooling equipment and such personal property that is attached to tlee
<br />improvements so as to constitute a 5xture; art of which, including replacements and additions Wereto, is hereby dedared
<br />to be a part of rtes teat estate secured by the lien of Lois Mortgage and all of the foregoing being referred to herein as the .
<br />~~1~yT:
<br />Mortgagor Authereonvenants and agrees, with Mortgagee, as follows:
<br />1. Ps~ment. To gap the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2. Tide. Mortgagor is the owner of tae Property, has the right ~ted authority to mortgage the Property, and
<br />w:rt®ts that the-lien created hereby is a first and prior lien on the Property, exsegt as may otherwise be set forth herein.
<br />C7 The. Property is subject to a Mortgage wherein
<br />'s the Mortpgee, retxrrded at Book ,Page of the Mortgage Records of County,
<br />Nebraska, wleich Mortgage is a lien prior to the lien created hereby.
<br />^ Other prior liras or
<br />$. Taxes, Aenta. To pay when due alt taxes, special assessments and all other charges against the Property
<br />and, upon wriften demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be sutfiaeeet to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. lam. To keep the improvements now or hereafter located on the real estate described herein insured
<br />agaimt danttgE by fur and such other hazards as Mortgagee may require, in amounts end with companies acceptable to the
<br />Martes,'tmd-with loss payable to tlee MoRgagee. to case of loss under such policies the Mortgagee is authorized to
<br />adjuat> odlect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />praceeds:Lo rite restoratdon of the Property or upon-the indebtedness secured hereby, but payments hereunder shalt eon-
<br />tl~x uutit the same~ecured hsmbp are paid in hr11.
<br />S: rJ '~ Ftu'S3xes and trtsursnea. Noiwithstandiag anything contaised in Paragraphs 3 and 4 hereof to the
<br />ot~traary, Mprteagoi,#hall Pay. W. the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />sae-tv+dRth of Qee yearly tales, assessments, Wezard insurance premiums, and ground rents {if any) which may. attain a
<br />priority aver rids A~tpge, alas re~sorsdily estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />held try the ~.a~ithouE.interast and •pptied to the payment of the items in respell to which such amounts were
<br />dapndtad: 9l+F-sums pied to tdottgsyae hereunder.are pledged as additio~t security for the indebtedness secured by this
<br />~.Ipay to Martga~e itte am9unE of say defrcieac}+ between the actual lanes, asse~ments, Ensurance
<br />prentluitis att$"gtoutid ipnitt s~-the depssits hereunder with§e 10 days after demand is made upon Mortgagor requesting
<br />1!uuyu>eaet~ereot.
<br />8. , Maintenaoee amt IIae. Tai ~romptty repair, restom or rebuild any buildings or improvements now ar
<br />Keteatter otr rise Ptupeety;~ to keep-tae Property to good caudition and repair; without waste, and tree from mechanic's or
<br />adherHeua not expressiyautardinatat to tfee iieairereaf; not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />idi ctt _i6tpair the vahra "of ttm Property by-any act or omission to act; and to comply with all requirements of law with
<br />lam Pyepa:*cy.
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