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s~cor:o
<br />-~ ;~~~'~ ~~er~` ~ MQRTGAGE
<br />'This Mortgage is entered into between PHILIP C. BLT~rt~RS and D'IFIDCY t~1 E. BtINF~12u,
<br />Fr'LLSbaiY1 aril Il~fe (herein "Mortgagor") and
<br />THE OVERL'1ND NATICY3AL Bt1NK QF' GI:,3T:~ ISLiiND, hand Island, Nebraska{herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the grincipal sum of $ 17,728.32 ,evidenced by 1bIortgagor's note
<br />,~tPd M3tCh 2, 1978 (herein "Note"t providing for payments of principal and interest, with the balance of the
<br />tndebtedness, it not sooner paid, due and payable on ~~ 2, 1986 • .
<br />Ta serrre the paymeat of the Note, wiUt interest as prov9ded therein, the payment of si! other sums, with interest,
<br />adtance l by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Ha11 -County, Nebraska:
<br />Lot Five {S) : Block C;sre {l) , i. Capital Height, Second ~lthdivision,
<br />L,eing a pa:t of t~ Sot?thaast ~ttarter cf the Southtest quarter
<br />{^t,8~) of Se~',.icn Tires (2} , Totkrslip E1ec=;~ (11) N^=th, Ra*age Ten
<br />{10) ttit:St cif the iith P.*I., Hall Ctxmtl°, Nebraska
<br />Tamer with all buildings, impmvemants, fixtures, s!reets, alleys, passagew°aps, easement-,, rights, prititeges and
<br />appttrYenanees located thereon or in ancwice pertaining thereto, and the mnts. issues and profits, mvessions and re,asinders
<br />thereat: indtut4irg, but na lemited to, bearing and eoeding equipment and such personal property that u attached to the
<br />improveaents sv as to constitute a future; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the real ~u14 secttred by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />y~~T -
<br />1llorcgagor fnxther canvenanrs and agrees, wi#h ?,fongagee, s: follows:
<br />L Psymeat Ta pay the ±ndebsedttess and the interest thereon as prot~ded in chi Mortgage and the Note.
<br />2. YStk. Mortgagor is the owver of the Property, has the right and authority to mortgage tLa Property, and
<br />ararianis that late lien created hereby is a first and prior ties on the Property, exrnpt as may otherwise tie set Earth herein.
<br />i3 P~r~e is ~ to a lrlortgage wherein '~" g`r"'i file Bui1t31Ia~ fi Loan ssaciatiar.
<br />of t~Isl~; ~a~.-y7.a
<br />if the Mortgagae, rtxarded at BnoY 14s ,Page 42(7 of the ]iiartgage Record, of Hall County.
<br />fV, ~rhicla ~ 's a Tien prior td the lien Ct>"ated hereby.
<br />3 Othfr pear lif!tu or enrumbsaaces:
<br />3 Tau:, Aaaeaae+mis_ Po pay when due stt taxes, special assesstents sari all other charge: against the t?roperty
<br />and, apoa wtSit~ tkmand by Mu*tgregee, to add to the payments required under ibe Nate secured hereby, such amount as
<br />may be auf6cieat W enable the AlortgaEee to pay srx3+ axes, assessments or other:.harges as they become due.
<br />d. lmssance. 2'0 lueep the improvetnenL now ar hereafter located on the rest estate tlesctibed herein insured
<br />apdnst damage by Ste acrd such otbez hazards as Mortgagee :nay inquire, in amouni_s and with companies accepcabte to the
<br />and with loss pa}able u, the l~lortgagee- Ia case rf las_s under such policies the Mortgagee is authorized to
<br />oo8eet sad ot>mpac~m9ae, in its diseretioa. all claims therenader at Sts sole option, authorized to either apply the
<br />proceeds Lo Lire eeataration of the ptoprrey trt npan the indebtedness secured hereby. but payments hereunder shaft aon-
<br />tlase tml~ tLe sass secured hereby zee pmid in ftdl.
<br />5. ~ Fa¢ow Far 4'ssas ate lawtaatx. ;`otwgthsunding artytbiag cantttined in paragiaphs 3 and 4 hereof to the
<br />oontiflsy, ]liottpaar shall pay to the Nartg3gee at the time of paying the monUily inststiments of principal and interest,
<br />raa;=-ts ~' ;~ --~} ; ~ir;.:.~.,~'=°~;ra~ rtsmiu.~, and grr:tvd rer.±s (it e.y; which tray attain a
<br />puutiRy aaax tt'ds , ail as taaaoatalrly estimated from time to time by ebe Mortgagee. The amounts so paid shad 6e
<br />lrald !tg fhe hDm2gwta wltlraut iteer~t sad applied fu the payment of the items in respect to which such amounts were
<br />tkgaalEad. '!Le smaa paud to 3iorti~pee hereunder art ptedted as additions: security [or the indebtedness secured by this
<br />tifol~e.§altatra~pay W A~sY;~ the amount ttt any deficiency teetween the sMaal taxes, assessments, insurance
<br />ptmtugatt and 4erwnd raa6R amt the ~epaaita hetermder within 10 days after demand is made upon Mortgagor requesting
<br />pstyttu..t tit~a+trf.
<br />6, Repair, ldsta#eaaada and Use. Te promptly repair, restorn or rebuild any buildings or improvements now or
<br />hereafter oft the Property; taa beep trie Property in good rnndition sad repair, without waste, and tree from mechanic's or
<br />other8eas ~ eapresaty saborsfmated to fare lien t~reof; not to make, suffer or perntit any naisance to exist, nor to dimin-
<br />'sYt as iarpalt the v~tte of the Property by any act or orrtission to set; and to comply with sit requirements of law with
<br />respect to the Property'
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