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<br />This Mortgagee is enGeredi into iuet;wee~n .,~ ~~'~~ Is• t~~+'[~OR3`, a single ~,~n,_,,,T~~
<br />(herein "Mortgagor"} and
<br />THE C1tTF~2i~TID NATIONAL BAIL: C~' GRANL? ISZP1Vt), Grarri Island, Nebraska (herein "M
<br />ortgagee").
<br />Mortgagor is indebted to Mortgagee in the prncipal sum of $ 42,000.60 ,evidenced by lidortgagor's note
<br />~~ Atxtal5t 1, I97R (herein "Note"} providing for payments of principal and interest, with the balance of the
<br />indebtednes -, if rat sooner paid, due and payable on ~`~t 1, 2004
<br />To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with iatexest,
<br />advam~d by Mortgagee to protect the security of this Mortgage, and the performance of the covenants sari agreemeats of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and rronvey to I>'iortgagee the following desciabed
<br />ProPert`1 located in x`111 _ County, Nebraska:
<br />ZAt Thirteen (13) in Atferided Block Six (6). Continental Gardens, an Addition to
<br />fhe City of Gran€i Island, Hall County, Nebraska
<br />Together with alt 6uiidings, improvements, fixtures, streets, alleys, passageways, easements, rights,. privileges and
<br />aprpurtenauces located therenn or in anywise pertaining thereto, and the rents, issues and profits, reveesions and remai:tders
<br />thereof including, but not limited to, heating and cooling equipment and such personal property that is attached to the.
<br />improvements so as to constitute a fixture; all of which, including replacements and additions thereto; is hereby dec~ared-
<br />d
<br />to be s-part of the real estate secured by the Tien of this Mortgage and ail of the foregoing being referee to herein as the
<br />"Property".
<br />Mortgagor further coneenants and agrees, with Mortgagee, as follows:
<br />1. Paymeat. To pay the indebtedness and the interest thereon as provided in this Mortgage and trite Note.
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<br />- 2. '~` Mor`e.gagor Ss the ov,uer of the Property, has the right and auth€~ity to martga~ th€ Property, and
<br />warrants that the lien creamd hereby is a first and prior Tien on the Aroperty, except as may otherwise be set forth herein. .
<br />u The $ro~rty is submit to a Mortgage wherein
<br />to life i$ar=ig~6v.., iecorsleai at ;;oak , °ae - of th€ Aiartgage Reco;~ of !Gouniy,
<br />Nei<s~~, ;,h}.^,,a Mu~,.gag6 :~ a usn p^... to t,........ t:Va<~ .._H,by
<br />C7 Other prior lies or encumbrances:.
<br />3. Taxes, ~t,sntents. To pay when due a!i taxes, special assessments and ail other charges against the Property
<br />and, upon written demand 6y Mortgagee, to add to the payments required under the Nate secured hereby, such amount as
<br />trap be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due,
<br />4. Insurance. To keep the improvements row or hereafter located on the rest estate descnbed herein insured
<br />against damage by Ere and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Pharr, :srd with 1~ payable to the Mortgagee. In case of ic~ss unde* such policte~ the Mort~gee is authorized to
<br />adjust, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />- tiros nntii the soma secured hereby are paid in full.
<br />- b, ~ c~'mw roe Tares sad Ittsutivyc~e. siotwithstanding anything contained in paTsg~aphs 3 and ~ hereai to tr~a
<br />t,,,*-ary, L!iae+..gagor sh~i py to-the Mortge at the time of paying ttse snonthiy itutatiments of pr'sncipsl and intert~st,
<br />one•tweifth irf the yearly taxes, asses'stnents, hazadd insurance premiums, and ground rests (if any} which may attain a
<br />prt+xity aver this Mortgggg, ail as xeascmabiy,egtimate$ from time to time by tJte Mortgagee: The amauais ~ paid shah be
<br />"held by the Mortgagee veittiuut interest grid applied to the payment of the items in respect to which such amounts-were
<br />deptosiEad:-;file attms gold to Ta~ortgagee hereunder are_pledged as additiotral security fur the indebtedmss secured by this -
<br />tittga~. orshail }* to aloe th@ asthunt of ~q cieney Eietween the aetuai tees, assessments, insurance
<br />~pztvns'and ground-Yeats and the dejwstts' heeuarkr within 10 days after detttand is-trade upon Mortgagor requesting,
<br />>:. __ -.
<br />• .:pagment thexaof~ .
<br />6, ltepalr,,Maintenatteesnd Use, To pmmp6ty repair, res#ore or rebuild any buildings or improvements now or
<br />her+enl`ter wr the Prnps'rtyr Lu keep the Pfeperty' is gandeandition-and re~tir. without waste, and free from mechanic's or
<br />' otaeriiens-not esptessty suboriadated to the lien berrwfir; naic to make; staffer ar permit ang nuisance to exist, nor to dimin-
<br />ish or impair the valae of the--I'Yaperty by slip set at omission to-set; and to comply with sit requirements of law with
<br />- - - reaps..e ~ L,e ~er~ty:- - - -. - - - - -
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