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<br />gag etrGsradintabetwee;q Jti E., CLIi c'3ir3,E~ s7. ~. YIt~.Sa)"~"id a:l'
<br />. _. ~ ~~ ThisM~ort a is ~ ~ '~,
<br />Y+ife
<br />fberein "Mortgagor^} and
<br />TIiB (3tfi~I~ NATIIXVAL BAAIIC ~' GNAiriD Z$,'.,AND, Ct'and IS].arxi, NeYn^aska rein ..Mortgagee"}.
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 15, 000.00 ,evidenced by Mortgagor's note
<br />-dated SePtatibP.s 24 , 1979~erein "Note"} providing for payments of principal aad interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on. ~~ 24 , 19$0 ,
<br />To secure the payment of 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 agteemeats of
<br />the Mortgagor contained herein, Mortgagor does hereby marigage and convey to Mortgagee the following .'.,,-scribed
<br />property located in IIa7-1 County, Nebraska:
<br />Ifat Three (3) in Block ~ {2) in the Repiat of Riverside Acres ~3dition
<br />to the City of Grand Island, Hall County, Nebraska
<br />~ -_
<br />- Together with all buildings, improvements, factures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and pmfits, reversions and remainders
<br />- Ihezeof; induding, but not limitxd 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 declared
<br />to be a part of the real estate secured by the lien of this Mortgage and all oP the foregoing being referred to herein as the
<br />'"Property"•
<br />Mortgagor further convenants and agrzes, with Mortgagee, as follows:
<br />" 1. Payment. To pay the Indebtedness and the interest thereaa as provided in this Mortgage and flip Note, -
<br />i. Title. iortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants that the Ilea created hereby is a tir;t and prior lien on the Property, except as may otherwise be set forth herein.
<br />^ The Property is subject to a Mortgage wherein
<br />is the Mar',gagce, reseeded at Boak - , Fage of the Mortgage Retrords of t'ouAty,
<br />- - -i`~eb>t~, whiC'c'e fsiage is a ilea prior to ti3e lien r;~reateci hereby. - .... - - -' - - - -
<br />~ (zither prior liens or encumbrances: _~ ____
<br />3. Taxes, Assessments. To pay when due ail taxes, 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 br sufficient to Qnable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by pre and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />`' Yrlartgagee, and with loss payable to the Mortgagee. In lase of lass under such poiicties the Mortgagee is- authorized to
<br />adjust, collect and campromise, in its discretion, all claims thereunder nt its sole option, autharized tv eitherapply the
<br />proceeds to the restontlon of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />. time unfit the sums secured hereby are paid in full.
<br />°. _ 5. ~) ~sccow F'ox Taxes and Insurance. Natwithstandingonything contained in patpgrapha 3 and 4 hereof to the
<br />- costtrgry; Mortgagor obeli pay to the Mortgagee at the time of paying the moztthiy installments of principal and interest;
<br />_ anek~relfth of the yeazly taxes, assessments, hazard insurance premiums, and ground rents (it any) which may attain a
<br />prioritx over this. Mortgage,- ail u reasonably estimated from time to time by the Mortgagee. The amounts so paid shalt be -
<br />held by the Mortgagee without interest and applied to the payment of the -items in respect to which such amounts were
<br />~Iepoaited. The sutra paid ter Mortgagce tiereuntter are d as additional seeutity for the indebtedness secured Dy this-
<br />. Moxtgt~. Mortgagor shall pay to Mortgagee the amount. of any deffitiiency between the actual taxes, assessments, Insurance
<br />prruriunis aad ground-mats and-the depnalts hereunder within 10 days-after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />6. Repair; Maintenance and IIse. To promptly repair, restozr ar rebuild any buildings or improvements now or
<br />- hereafter on the Property; to keep the Ysa good condition'and repair, without waste, and tyre from mechanic's or
<br />oth@tltirrs Aatexpressly subnrdlnated to the lien hereof; not to stake, Rutter or permit any ntdsance to exist, nor to dimin-
<br />ish or ktnpair the value of the Ptmperty by any aM or.omiasion to act; and to comply with all requirements of law with
<br />- . _ ~ respect t0 the Property. .
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