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<br />79-~ iJ ~ ~ ~ ~ O i MORTGAGE
<br />This Mortgage is entered into between D(3~7A E. TEfftltY and NADINE TERRY, Husband and Wife,
<br />and BITS, L. EFPES2T and PATlZICL3i EPPERT, Husband and Wife _ (herein "Mortgagor"j and
<br />IiiE OVERLaS~ID NATS~L BANl. OF' -GRAND ISL?>,t3D, Grand Island, Nebrasic~erein "Mortgagee").
<br />Mortgagor is indebted fo Mortgagee in the principal sum of $ 70.000.00 ,evidenced by Mortgagor's note
<br />dated icy l6, 1979 (herein "Note"j providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on Septenber 4, 1979 ,
<br />Tasecure the payment of.the Note, with interest as provided therein, the payment of all ether sums, with interest,
<br />adxancad by Mortgagee to protest the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained berer~rr, Mortgagor does hereby mortgage and convey to Mortgagee the foeowing described
<br />property !neared in H'~l Counry, Nebraska:
<br />:ot Fbrrr t4j , t+i'~odlarxl First subdivision, an Addition to the City of
<br />Grard Isiatxi, Hall County, 2debraska
<br />Together with all baildiags, improvements, fixtures, streets, alleys, Passageways, easements, rights, privileges and
<br />appettes4aar~es located thereon or ire anywise pertaining thereto, and die rants-issues and proess, reversions and remainder
<br />~ereot; indtuling, bnt not limited to, heating and cooling equipment asd such personal property that u attached to the
<br />~Stavtraenta so as to consutufe a fixture; all of which, induditrg repbttremeats and additions thereto, is hemby declared
<br />to be a part ~ the real esta#e salaried by the lien of this Mortgage and all of the foregoing being referred to heroin as the
<br />"proP~9,>-
<br />Mortpgru terrther cwrvenants and agrees, with Mortgagee, as follows:
<br />i. Pagment 3b pap the iadebiednea< and the interest thereon as provided in ibis Mortgage and the Note.
<br />2. 33tfr Mai is tAe owner of the Property, bas the right and authority to mortgage the Property, end
<br />rvauants drat the lien created Hereby is a feat and prior lean on the Property, except as may othec.v-ire be set forth be:ein.
<br />II the Property is subject to a Mortgage wherein
<br />i6 Bee lEor£pgee, recorded at $ook .Page of the Idoztgage Records of Corrrtty,
<br />tom, whirlr Mortgage is a lrea prior W the lien created hereby-
<br />D t?ther puia¢ ~ or encumbrances:
<br />3 '!`arts, Ase®mtt To pay where d~ all taxes„ specie! assessmears and all other charges against the PropeKy
<br />sad_ ~ written demand by llSaet;atsee, to add to the payments eequared undo the Note secured hereby, such amount as
<br />~ he meat to eaabk the Mrartga}Ee to pay such taxes, assessments or other charges is Urey bemrsie due-
<br />4. tasacaoee. To keep the improvements now or hereafter located on the reel estate described heroin insured
<br />tiga~ct daaugr by fire and snrh other haurds as Mortgagee may require, in amounts and with cromPanies acceptable to the
<br />sad with las payable to tree Mortbagec- In rwse of la~as under such policies the Mortgagee is authorized to
<br />sdlsat+ mllact a~ ta~eomise, in its desaetiaa, au claims thereunder at is sole option, authorized to either apply the
<br />ptoea~ to the reetonti® of the Property or npon the iadebtedr~ secured trerebY> but payments 6ereander shell con-
<br />f~ae mt3 the ersmsas~edbaeby are paw iII full.
<br />~ fJ lgas~sa Fee Yaws aed 1n Notwiihstandiag anything contai~d in gangrapbs 3 and 4 hereof to the
<br />ni~9, sltafi piq ro tabs liortpgee at the twee of paying the mrsnthly instailmeeu of principal and interest,
<br />efg 'fie '~ ~, ~> ! ~~ Frr~°~. rBS! ~~d rat= f-tf espy wbidt rosy attain a
<br />p~oidtq over ttris , alt :; a~mahly estimated from time to time by the Mortgagee- The amounts so paid shalt be
<br />hdd ~ Bea with interest sad applied to the paymeai of the imtm :n respell to which such amounts were
<br />ipgefsd: 2'be saeote pled to 'hereindes are pledged as addttionat seearritY for the indebtedness secured by this
<br />kloiAgye:3ta>ka~}q 6ohlrtt~ee ~ a~snt otang defideacy tretseen the actual reran, asseasraeats> i~~....,ce
<br />paeeeiaaaa t7+d ytVEmd recta ~ die dtepa~ts b within 30 days after demand is made upon Mortgagor requesting
<br />Pgireeec thRVaAL
<br />t ,lgtti~eeiaaee ~sd ITie,- 'ft..pmmpfFy itpidr, restore or rebuild any buildings or improvements now or
<br />heaeaft~er otr .ibe Property; fa..1~ ~ai'aCperty is goiod coaditlon sad repsir, without xaste, and free from mechanic's or
<br />a!>ailteos mat e:presay tv the>icrr eeaeof; ~ to make, suffer or perrait any nuiasnce to exist, nor to dimin-
<br />ink ~ impale the asdse of the Pi~tiy by aaq act or omlasioo to act; and to comply with all requirements of law with
<br />ro the Yraperty.
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