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<br />A~VCO EiAIJtiA1ClAI. SEFi~fICES
<br />Ir"~E~'TTt~TIOt~AL IgI~C
<br />i_A,-,,.M- ~~P_. t,~ .._ ~_srs...._ 't27 Yeat ?rill $ttn@~.
<br />H0141ES Lc"~kZ'@nCB L - ,'o -Cheryl A i _ Grand Zs'irrnA , NEBRwsKA
<br />AGRE£D RATE flE CHARGE ON PROMISSORY NOTE EXECCJTEp CONCURRENTLY HEREWITH: 2~6 per month on that part of the unpaid balance of
<br />the Amount Financed not exceeding S 1,000; t 54 n per month on any part thereof exceeding Si,000 but riot exceeding 55,000; i'/.;~. per month on the remaitrder. '
<br />------------~ --~-- -----e--<-~~-,- ~w-~ ~•~~•.6..6~. r.•a•••, ~o.E~•••~.:,~u, ~,w worey, unru nurrgagee, its successors ar assigns the following described Real Estate
<br />in the county of ~~+ ,State of Nebraska, to wit:
<br />LOT Ti+~ITY-5IX (26), ki~ST HEIGfPTS ADDITION, TO THE CITY 0~' GRAND ISLAND, HALL CODNTY, NEBRASKA.
<br />together wifh aU buildings and improvements now or hereafter erected thereon and alt screens, awnings, shades, storm sash and blinds, and heating, lighting,
<br />plumbing, gas,~sie,^.Aic~ serttilatinp,refrigerating and air-conditioning equipment used in connection therewith, alt of which, for the purpose of this mortgage,
<br />Shall be deemed-_Fi_xtures ar,~l syblecri'f~. die-l~s hereof, a^-d the hereditamenis and appurtenances pertaining to the properly above described, acrd ail streets,
<br />Lanes, alleys, pay-sag y.•gys;-'iGatats,l+iC•~nif~ courses. rights, liberties and privileges, whatsoever thereunto belonging or in anywise appertaining and the reversions
<br />and remainders, a[1 e-~ifdhis)teferrcilro,ttgreinaftar as the "premises".
<br />TO HAVE AND TO HOLD the above-described premises, with the appurtenances and fixtures, unto the said Mortgagee, its suaeswrs and assigns, forever, fat
<br />- the purposes and uses herein set Earth, free from all rights and benefits under and by virtue of any Homestead Exemption Laws of the State of Nebraska
<br />which may be enacted, which said rights and benefits the said Mortgagor does hereby expressly release and waive.
<br />Mortgagor also assigns to Mortgagee ail rents, issues and profits of said premises, reserving the right to collect and use the same, with or without taking
<br />possession of [he premises, during contimrance of default hereunder, and during continuance of such de[auli authorizing Mortgagee to enter upon said premises
<br />and, or to collect and enforce [he soma without regard to adequacy of any security for the indebtedness hereby secured by any lawful means including
<br />appointment of a receiver in the name of any pazty herefb, and to apply the same less costs and expenses of operation and collection, including reasaaable
<br />attorney's fees, upon any indebtedness secured hereby, in such order as Mortgagee may determine.
<br />FOR THE PURPOSE OE SECL)RING: ill Performance of each agreement of Mortgagor contained herein; {2) Yayment of Ute principal sum with interest,
<br />as provided in secordan« with the terms and provisions of a Promissory Note (Loan Agreement IhereinaCter rafered to as "promissory note")
<br />dated .ai8 ,ember 1 1 ,herewith executed by Mortgagor and payable to the order oi' Mortgagee,
<br />in the principal sum of S ~~_, and having [he date of its final paymenf due on $et)t Brnher ?la, 1~T$IF _ ,
<br />- -ar as <<°xianded, deferred of rescheduled by renews) or refinance; t3) Payment of any additional advances, with interest thereon, as may hereafter be
<br />laaned by Mortgagee to Mortgagor in a maximum sum af-i•'.000.Q0 within t0 years from the dste of this Mortgage; f4) The payment of any
<br />money thst may ba advam;ed by the Mortgagee io Mortgagor tar any reason or to thud parties, with interest thereon, where the amounts err advam:ed to
<br />protect the security m in arcunlancc with lhr covenants of this Mortgage: {5) Any renewal, refmancing or extension of said promissory note, of any other
<br />agreement to pay which :nay i:e substituted therefor.
<br />A!1 payments made F,p tiotiX~,or on the abligstian secured h}° the; Aiurtgage .hail bG applied in the t`faiiowiug order:
<br />FIRST: Ta the paymcn[ of tsxrs and assessments that may br levied and assussrd against said premises, insurance premiums, repairs, arr~ a_ii uthea
<br />cY,arirzs arw' exp<rrsnsag<r-4-cd to ee ^aid by rho aiorigagor.
<br />SECOND: Tu the payment of interest due on said loan.
<br />-- THfRD: Ta the payment of principal.
<br />TO YRO"t'ECT THE SECURITI' HEREOF, MORTGAGOR(S) COVENANTS .AND AGREES. ill to keep said prrmrsrs insured against Wes by tier and
<br />oihcr hazards, casualty and contingencies up to the Cull value of all improvemnnt.+ for the protection of Mortgagee in such mamtrr, in such smoanb, and
<br />in such companies v Mortgagee may from time to time approve, and that Suss prcxr,xls ,less expense of culkctionl shall, at Mortgsgrr's up4on, br
<br />applied on said indebtedness, whether due or not or to the restoration uF said inrptovemrnts. In evert[ of loss Mortgagor will girt immedute notice Gy
<br />mail to the Mortgagee, who may make proof of !osa i1' nut made promptly by Mortgagor, and rash ins~rt'anee, company concrmrd is hereby authorized and
<br />directed io make payment far such loss directly to the Mortgagee instead of to the Mortgagor. Q) To pay a0 taxes and special assessments of any kind
<br />that have been or may be levied or aswssed upon said premises, and to deliver to Mortgagor, upon request of the 6Sartgagre, the official receipt showing
<br />payment of all such taxes and assessments. {3) In the event of default by Mortgagor under Paragraphs 1 or ?above, Mortgagee, at its option, may (a)
<br />place and keep such insurance above provided for in force throughout the life uF this Mortgage and pay the reasonable prrntiunv+ and charges therefae: (bl
<br />pay all said bixrs and asscssment< without determining the validity themuC; and (c) Pay such liens and all such dishursemrnts shall hr deemed a pazt of
<br />the urdebtcdness se+curcd by this Mortgage and shall br imnrediatrly due antt payallc b} Mastg;rgor to Mortgagor. (4) To keep the bui{dings and athtr
<br />improvements now existing ar hcmaftur crectrc! m good condition rind repair, nut to uommlt or suffer any waste or any use of said premiers mntraz} fu
<br />restrictions al• record or contrary to law, and kr pemrit M1iurtgergce to enter at all mawnable titers for the purpose of iusprcting the premises: not to
<br />remove or demolish any buiidinK Hrrreun; to rustore promptly sod in a good and workmanlike manner any buildings which may br danragrd ur destroyed
<br />[hereon, and to pay, when due, ail claims fur labor performed and materials furnislteJ tha•refur, i5) That hr will pa}', promptly the mdrhtednr;+ secured
<br />hereby, sad prdamr ati arbor -rblipatians m fop a~mphancr wifh the tomes of said Promuwry Note aucl dri+ Mortgage'; lb) l'hat Cho time of pa}nrrnt of
<br />the indebtedness hrreLry secured, ur of any portion tfrereof, may bo extended ur rrnewnd, and any portions of the premises herein described may, wtthout
<br />notice, be. relaasrcl from the lion hereof, without releasing or affecting the personal liability of any person or the priority of this Mortgage, (7! That he
<br />does hemby forever warrant and wll1 forever defend thr title and possession t rrreaf against the lawful claims of any and all persons whats<xvra
<br />17- IS Ml-.!TU,A! !_" t-s(;R1iLD TII:AT: (i) if the acid Mortgagee shalt Soli or rteg)ert to pay installments on said Pramiswry ,Vote as the saner may hrrrafter
<br />Irrcrttne due, or upon default in performance of any agreement irsreunder, or upon salt or other disposition of the premises by Mortgagor, or strrruld any
<br />action or proceeding trz fdad in any roue, to enforce any Iirin on, storm agatnsi ar interest in the premises, then all sums awing by the Mortgagor to the
<br />Mortgagoe under this Mortgage ar under the Promissory Note secured hereby ahaU immediately become due and payable at the op:ian of rho Mortgagce,
<br />on the appticatian of the Motr ~~e, or assigner, at any other perwn who may tee entitled to the monies due thereon. )n such event the Mnrtgattre sha0
<br />have the right innuediately to farerlosr this mortgage by complaint for [hat purpose, and such comp)srnt may be prosecuted to judgntrut :urd rsr~ution
<br />and sale for the collection of the whole amount of the indebtedness and interest thrrron, including reasonabir attorney's fees, arty antuunts advanced
<br />pursuant to this mortgage, vests of suit, and casts of sale, if permitted by law.
<br />{3) In the event sand premises err sold at a foirelosure sale, Mortgagor(s) shat! be liable for any deficiency remaining otter sale of the premises if permitted by
<br />law, and application o1- the proceeds of said sale to the indebtedness secetred and to the expenses of foreclosure, including Martgagrr's reawnabie attorney's
<br />fees and logo, expenses if allowed by law.
<br />(3) Morigagac shall be subrogated to the [lee of any and all prior encumbrances, tiros or charges paid and discharged from the proceeds of the lean
<br />hereby secured; and oven thaugtt said prior liens have been released of record, the repayment of said indebtedness shall be xcured by such liens on the.
<br />pariions of said premises affected thereby to the extent of sudt payments, respcetiaely.
<br />(4) Whenever, by the tomes of this instrument of of said Promissory Vote. Mortgagee is given say option, such option may be exercised when the right
<br />accmr5 ar at any time thereafter, and no acceptance by Mortgagee of payment of indebtedtess in default shall constitute a waiver of any default then
<br />existi.~ and cantinuimg ar tharraafter accruing. - - -
<br />26.0475 (R6V. a-79i NR
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