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~~~'Q~.l~~~ MORTGAGE
<br />This Mortgage is entered into between Canteen Vendi na Servi ca. Inc.
<br />(herein "Mortgagor") and
<br />National Bank of Corrrnerce Trust -and Savings Association (herein"Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ ~E .336.14 ,evidenced by Mortgagor's note
<br />dated Sept. 7, 1979 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />.indebtedness, it nut sooner paid, due and payable an~ AUQUSt 15. 1985 ,
<br />To secure the payment of the Noie, with interest as provided therein, the payment o[ alI other sums, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the perforn-iance of the covenants and agreements of
<br />. the Mortgagor contained herein, Mortgagop does-hereby "mortgage and convey to Mortgagee the following described
<br />property located in Hall County, Nepraska:
<br />West Half of Lot 2, Stehr's subdivision of Part of the West Half of the Southwest
<br />quarter of Section 11, Township 11 North, Range 9 West of the 6th P.M., brand
<br />Island, Hall County, Nebraska.
<br />- Together with alt buildings, improvements, fixtures, streets, alleys, passageways, easements, ruts, privileges and - - --
<br />"appurtenances located thereon or in anywise pertaining thereto, and the tents issues and profits, reversions and remainders
<br />;; _- thereof; including, but not limited to, heating and cooling equipment and such persaaal property that is attached to the
<br />improvements so as to constitute a fixture; alt of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secatred by the lien of this Mortgage and all of the foregoing being referred to herein ss the
<br />„Property"-
<br />Mortgagor further convenants and egrets, with Mortgagee, ac follows: _
<br />- - t. Payment..T~ pay the indebtedness and tfie interest thereon as provided en this Mortgage and the Note. - -
<br />2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, apd
<br />watzants that the Finn erratxd hrrnby u a first and prior lien oa ihr Ht,perty. except as may .rttterv,~ ter set farEh hartpin,
<br />C~TheProp~rtysss~ut~lec~roaMartga whereinj`t~~i.QFtd~ ~[tk_,Of.~tTtliiRer~P> Trost ~ Savin~,sn:
<br />lstlteMortgagre,recortiedVltg~06i-Kx~~xxx>Pit~_ tXot'theMortgagrRtsurdsof Hall County..
<br />TFebrasLa, whit•tt Mort is a €iea _ _ _
<br />SKr prior to the Vita created hereby.
<br />^ Ether prior liens or encumbrances: __ ___ __ __._" _ _ _. _ ..._
<br />3. Taxes, Asseasrttents. To pay when due a{p taxes, speeial assessments and all other charges against the PtopaPty
<br />and, upon written demand by Mortgagee, to add to the payments required under 6he Note sc rumd hemby, SueFr atntrunt as.
<br />tptay be sufficient to enable the Mortgagee to pay catch taxes, assessments or other charges as they betrome due.
<br />4. fnsuraare. '1'o keep the improvrmrnis now or hereafter located on the real estate described hen•~n tnsursd
<br />- against damage by ftte and such ottipr hazards as Mortgagee tray require, in amounts and with campanit-a atcrptahle itp tkpr
<br />Mortgagee, and with Foss payable to the Mortgagee. In rase of loss under such potityes the Mortgagee is authorized 9;0
<br />adjtut, collect and compromise, in its disctrtior., aft claims thereunder at its sole option, sutharizrdtnttitherapplyt#r
<br />proceeds to the restore-ion of the !'roperty or aeon the indebtetinrss secured hereby, but payments hereunder shall ctfn•
<br />time until the sums secttrvd hereby are paid in fait.
<br />5. ~ Escrow For Teaea ~ Ittaurttace. Notvrithstandang anything contained in patstgraphs d pond 4 hereof ba ltte
<br />catpttary, Martgagor shaft pay W the Mongagee at the- time of paying the tnonthly installments at principal sad Fntt>ra9#,
<br />one•twsltth of the yearly taxes, as~ssments, harturt inutraace premiums. and ground rests {tt any) whtch tray attafu a
<br />`,'pritKity[. aver this Motegage, aFt as reaaottabty estimated fkom ttt~ to time by the Mortgagee. The amflutlta so paid sttdt t)x
<br />held by the Mortgagee without interest and applied to the payment o! the items In respect to whteh such amtwnts wale
<br />~pwi~d_ The suprts paW -ttR Martgagee herstutcter am -pledged mt addittonat security for the indebtedness 3e~ut~tt by-this
<br />Mom. Mortgagarshati pay to Mortgagee tkte amnunL of any deficiency between the actual taxes, assessments, insurance
<br />premiums .and ground rents and for deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment LhereoL
<br />6. Rogair, Maiuteaance sad. tlse. To promptly repair, restore or rebuild any buildings or improvements now or
<br />` hereafter on kbe Property; to Yeep the Ptnperty_ia gagd camdition andmpai;, without waste, and free from mechanic's or
<br />other hens not express!; set#pordtriated to the usn hereof; not to nsake, auffei or permit any nuisance Eo ezlst, nor to dimin-
<br />tsh or-impair the value of t t+t Rrtyperts by sad sit ut om~sfi»: to act; and to eompiy with sit iequimmenes of law with
<br />respect.to the Property_-
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