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t~rr's'ililfoitl5 ~~is~enpZn ~ ~lntcn betwp~n ~,jl~r~. ~. ~ iir~N~r xl3JMi...a~`~5~._~~la:~gl"1n'ct~ ~7r•i~l>,~R _ -
<br />- (herein "Mortgagor") and
<br />_~~ O:'E~.:s;YJ~trATIOfs'AL BA:"tTs' Or Gt:{A.'~ ISLAiv~ fi~*and Island NE {herein "Mortgagee";.
<br />Mortgagor is indebted to Mortgagee in the principal sum of $, $ • 775-~ ,evidenced by Mortgagor's note
<br />dated 1 1 ~?:~(?9 (herein "Note"j providing far pa}mbents oP printipal and interest, with the balance of the
<br />indebteda~, i*. not sooner paid, due and payable on_ ?rlo~,'~er 21 . 19$4 .
<br />Tosecttre fire 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 />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />Property Iocated in hall County, Nebraska:
<br />ire South One Ralf of the East One Half (S~E~) of It>t Nine {g) in
<br />Vantine's Subdivision, located on part of the Northwest ©uarter {NWT)
<br />o f Section ';;lventy-ltvo (22) , in Zbwnship Eleven (11) North , Rangt; Nine
<br />{9) j9est of the 6th P.M., in Hall bounty, Nebraska..
<br />Together with alt buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurteaances located thereon or in anywis@ pertaining thereto, and the rents, issues and profsts, reversions and remainders
<br />thereof; including, but not. limited to, heating and cooling equipment and such personal property that is attached to the
<br />.improvements sa 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 of the foregoing being referred to herein as the
<br />"~pertY"-
<br />Mortgagor further covvenants and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the interest thereon as peovided in this Mortgage and the Note. -_
<br />2. Title. Moetgagor 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 f;rst and prior lien on the ProgertY, except as may otherwise be set forth lrereein.
<br />t7 Tire Property is subject Lo a Mortgage wherein
<br />is the Mortgagee, recorded at Book ,Page of the Mortgage Records of County,
<br />i'srebzastsa, which Marigage is a lien prior to the lien created hereby-
<br />^ Other prior liens or encumbrances:
<br />3. Tales, Assessments. Ta pay when due all taxes, special assessments and a!t other charges against the Property
<br />and, ugan written remand by Mortgagee, to add io the payments required under the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Insurance. To. keep the improvements now cr hereafter located on the real estate described herein insured
<br />against damage by Ere and such other hazards as Mortgagee may require; in amounts and with companies acceptable to the
<br />'.-~eortgagee, -and with loss payable to the Mortgagee. In case of-loss 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 to the restoration of tYle Propertg or upon the indebtedness secured hereby,-but p8ymenty hereunder-stroll eon--
<br />- tiarrE :until the sumssecuredheruby are paid in full,
<br />- °-
<br />- 5. C! Escrow For Tarter-and insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor shall pay to the Mortgagee at-the time of paying the monthly installments of principal and interest,-
<br />atte-twelfth of the yearly tales, assessments, hazard insurance gtemiu~, and gtound repts (if anyj whiah ma_v attain a
<br />o ' -aver this. Mo
<br />pri aty rtgage>-ell as reasonably estimated from time to time by the Mortgagee: The amounts so paid sha!! be
<br />held fire ?4ia a without interest and a
<br />by rtgage pplied to the. payment of the-items in respect to-which such amounts were
<br />_ ._. .
<br />deputed. The rums-paid to #~fortgsgc~ tzereurrderare ~d as addltlonai sacursty forthe indebtedness secured by this-
<br />Mortgage. Mortgagbr~rall-pay to Mortgeseee fire amotart of aaY deticiencp between the actaai taxes, assesaments, insurance
<br />-yetrmEuma and ground rents and "the de+~roaita hereunder within ill days after demandis made upon Mortgagor requesting
<br />payarxat Hrereof.
<br />&. Repair, Afaint~raace and L'se. To promptly repair, restore or rebuild any buildings or improvements now or
<br />hereafter on the. Property; to keep the Property in_good eond"itioa artd repair,. without w~te, and free from mechanic's or
<br />other liens not eapressty subordinated to the-Ilan hereof; not to , suffer ar permit any nuisance to exist, nor to dimin-
<br />i~t or impair the galue of the Property by any. act or vmiasian to act; and to comply with all requirements of law with
<br />realrect to the Property..
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