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<br />~~-- ~~,~~'~,;,~ MORTGAGE
<br />19tis Mortgage is entered into between ~~ W, JODIF.S and SHARON R. JONE: , husband and
<br />T~ife, as 3oint Rhnants and trot as 'I~nants ir+. Catmrut
<br />- (herein "Mortgagor"}and
<br />'1':LF OVERIAVD NATIOI~L BANK OF GRAidD iSZAND, Grand Island, Nebraska {herein "Irlortgagee").
<br />Mortgagor is indebted to '~Sortgagee in the principal sum of $ 24, 000.00 ,evidenced br Mortgagor's note
<br />dated ~'~r ~+ 19 ~3 (herein "hate"j providing for payments of principal and interest, with the balance of the
<br />indebtedness, it not sooner paid, due and payable on- ~~~'-r ~. 1380 -
<br />Tosecure the pa}'ment of the Note, with interest as prodded therein, the payment of all other sums, with interest,
<br />advanced by i~origagee to protect the seeuritc of this Mortgage, and the performance of the covenants and agreements of
<br />the Mottgatgor contained heroin, ;•Iortgsgar does hereby mortgage and convey- to i4fortgagee the following described
<br />property tceated in .._, l County, Nebraska:
<br />No~"tYt Fiftc~-fide feet {N 55') of Block Four (4) in Koehler Subclic-ision, located on
<br />past of n~64~,- of Sectic~t ld, Zbwnshir 11 North, Range 9 idest of the bt`t F.DS. ,
<br />and tst part of ic~t Fourteen (14) of tl~e County Sabdivisiat of the ~t~, of
<br />Sec'..ici^. 15, '?Yx*:~'lie Il *Iorth, Ra~tSe 3 I+tzst of the 6:h F.M., Hall Cotv-tty, T.tehraska
<br />Together veith aii buildings, imgrov~tnents. futures, streeu, aAeys, passageways, eazemenU, rights, privileges and
<br />sppurtenaaces located thrrcv„ or in ant'wi=e pertaining th?mto, and the renu. iyues and pro~L,, reversiatts and remainders
<br />thereof; itx3uding, but not Ittnited ta, heating and cooling equipment and such personal properly that is attached to the
<br />impaosetm~nts so as to constitute a fixtum; all of w, including reptaeements and additions tltemto, is hereby declared
<br />to be a part of the real estate secured by the lien of ibis !«iortgage and al! of the foregoing being inferred to herein as the
<br />"+~Perty"-
<br />Morlgagt:r further eottverrants and agrnes. with }dortgngee, as follows:
<br />i. PayraenL To pap the indebtedness and the inier°st thereon m provided in this hiongage and the Note.
<br />2. Title. Itiortgagor is the owner of the Property, has the right and authority to mortgage the Property', and
<br />warran~ that the lien eyeated hereby 's a t*rst sad prior lien on the Property, except a; tray otherwise bF set forth heroin.
<br />r The Prapt rt}° is subjeci~ to a tNartgage wherein
<br />~ the M :r'., rrcordt~ at Rook , Pagz~ 3f II:e .R~': stgage Itprards of County,
<br />Netstaska, arhich ~ is a lien prior to the ties crx=atzd hereby.
<br />thher prier tires or eneumbtaatrs~
<br />3. Taae~ :Asa#s To pa= Rticn duo sI1 razz, s~~ia3 arse-asmznts and alt other ritarges against the Propert}'
<br />and, op~ aatten der~t±d by Iltort~r, its add i.? We pa?'mznt_ requited uadt'-r the '.+:os~ soured hee~hy, such amount
<br />may Im su.'`6cient w enable dre Mattgtgee io pap sorb tares. atszssmeru or other charges as they beramz due.
<br />L lat~anoe. To Iteep the imprcretaents aorr ar hrrnatter located an the real estate described herein insured
<br />da~msRr by file and sitcit other harattL as lfottgagee may require, in amounts and with companies aetxptatue to the
<br />tdort6agee, sad viith loss pa}=al~r is the ?dorigngre. In cme of 1ns., under such pctic~ra the ~lorteage~e is authorized to
<br />ad3usi, eotie+ct lard crtrmisr, in its disrrvtioa, afI ctaxrt~ thereunder at iu soEr option, authorized to either app!} the
<br />patreeeds to the tesinfatioa Df the Property ar uptkt the indebtedae^.,s secured hereby, but payments hereunder sha13 can-
<br />tiaae ttntil the same seeored hereby err paid in full.
<br />5. ~ Foos For Torus and imarraau. 4o[withstanding anything trontained m paragraphs 3 and -i hereof to the
<br />onataary, Mortptgrn shall pay to the Alartg~gee at the time of paying the monUtly instatltnents of principal and interest,
<br />aaE-tsEiffh of the *eauly enLs, harard insnrance premiums, and ground ants ilf any 1 which may attain a
<br />ptioa3ty tz+~ ~ !lwtittge, sU n rassonabty estimated from time to time by the ISurtgagee. The amounts so paid shall be
<br />EeHI by t're 4Iw'tdaeee taithoar intneat and appliesi to the pay-tttent of the item: in respect to which such amounts xere
<br />depaalted. 'tire sttraa paid to dtoat~gec hemtmder era pledged as addltiotul security for the [ndebtedaess securnd by this
<br />3iarE~e. pay W f>fmt~e rice amotmt of any de6eieney between the seine! taxes, assessmenzs, insurance
<br />fstemitrms a®d potwd coats and the dcptteits hereunder witftin Its days after demand is made upon :Nortgagar requesting
<br />payment t9aereot
<br />S. Rtgta, D~dainteaaace and iha. To prompdy mpair, resto!r or rebuild any but{dings at improvements now ar
<br />heseafttr m the Property; to keep the Plapertq 3n good rnndition and repair, wtthouf waste, and free from mechanic's ur
<br />athertieas not expresdy subordinated to the Lien hereof; not to make, suffer or permit any nuisance io e?tist, not r.o dimin-
<br />ls6 or impa¢ the value oi' the Property by any net or omission to act; and ro comply with alt requirements of law with
<br />trapact to ttte Property.
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