|
~9--~1~1~1~,.~r ~'~ :~~.h
<br />his Mortgage is entered i2rto between G~RALO L: NIEDERHAUS a,nii' AINITA NIEDERHAU~, ids
<br />Joint Tenants with Right of Survivorship (herein "Mortgagor'')and
<br />-THE OVERLAND NATIONAL BANK OF GRAND ISLAND, Grand Island, Nebraska
<br />(herein "Mortgagee„).
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 6+000.00 ,evidenced by Mortgagor's note
<br />dated November 16, 197~erein "Note"j providing for payments of principal and interest, with the balance of the
<br />indebtedness, it not sooner paid, due and payable on November 20, 1984
<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 agreements of
<br />tkre Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the follor+¢ing described
<br />property located in Nall County, Nebraska:
<br />Lot Seven !7) in Block Two (2) in "Capital Heights Fourth Subdivision",
<br />Hall County, Nebraska
<br />Together with alt buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and pao5ts, reversions and remainders-,-
<br />` _ thereof; including, but not limited to, heating and cooling equipment and such personal property that is attached to the
<br />o ' u a fixture- all of which includin re lacements and additions thereto, is hereby declared
<br />v o as to c Helot to
<br />im ro ements s g P
<br />P
<br />#o be a part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br /><,property»
<br />Mortgagor furthez convenants and agrees, with Mortgagee, as follows:
<br />,, L Payment To pay the indebtedness and the interest thereon as provided in this Mortgage and the Nate.
<br />2. Titre. Mortgagor is the owner of the Property, has the rightand authority to mortgage the Property, and
<br />warrants that the lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth here[n.
<br />j:l The Pro~rty ;u~ult to a 1~8rge ~~er~ First Federal Savings and Loan Association
<br />f3u~'Flen
<br />_~ the Morteaaee, recorded at Book ~~ ,Page of the Mortgage Recotas of . Ia l 1 County,
<br />ATebraska, which Mortgage is a lien prior to the lien created hereby.
<br />^ Qther prior liens or encumbrances:
<br />3. '!'axes, hlssessments. To pay when due all 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 be sufficient to enable the Mortgagee to pay such taxes, essessmeats or other charges as they become due.
<br />4, Insurance. To peep the improvements now or hereafter located on the real estate described herein insured
<br />' against damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and with lass payable to the Mortgagee. lu case of toss under such policies the Mortgagee is authorized to
<br />- - adjust, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />proceeds do the restoration of the Property or uppn the indebtedness secured hereby, but payments hereunder shat! con-
<br />tiaue until the sums secured hereby are paid in full.
<br />6. ^ F..rerow ~'or 1'txes-and Iarsrura~sce. Notwithstanding anything contained in paragraQhs 3 and 4 hereof to the -
<br />contrary, Mortgagor shalt pay to the Mortgagee at the time of paying the monthly installments of principal sad interest,
<br />one-tvtrelfth of the yearly taxes, assessments, hazard insurance. premiums, and ground rents (if any) which may attain. a
<br />priority-over this Moxtga~e, a!k as reasonably esd~ted fram time to time by the Mortgagee_The amounts so paid shall be - - -
<br />held by-the Mortgagee witbaut interest and applied to the payment of the items in respect to which such amounts were
<br />detwsitad: -The surer paid W Mortgagee 6ereurider are pledged as addit[anal security for the indebtedne~ secured by this
<br />Mortgage, Mortgagor shall pay to Mortga~;ee the amount of any de5ciencg bete~een the actual taxes, assessments, insurance
<br />lireminins and-ground rents and.the depoafts hereunder within ltl days ,after •lemand is made upon Mortgagor requesting
<br />payi4edtthereof.
<br />6; Itapair, Maintenaace and Uss:. To protliptiy repair, restore or rebuild any buildings or improvements now or
<br />hereafter on tde Property; to keep the Pxiperty irr';go9d conditlonand repair, without waste, and free from mechanic's or
<br />odrerliens. not exp_*e=saiy subordinated tit khe ll€n hexeof; sot to make; suffer or permit any nuisance to exist, nor to dimin-
<br />ntr. or .impair the value of the Property by any act: or omissioa toe act; and. to comply with sit requirements of-law with
<br />zespeet to +~.e P`^-Perry.
<br />
|