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i Ii~uluui;I'~Earfi,isi~entea'ed,into?r-tween Z.a2TV h. v3tror!]er Ai'ld farr~l~ ~Strrnr>~,
<br />YATIt7NAI, 89h*K OF ~ ISI 9.'ID
<br />}herein Mortgagor"} and
<br />r R, ~,~-
<br />(herein "Mortgagee"}.
<br />Mnrt~tgor is irztiehted to ;viortgagee in the principal sum of ~ 17. ~~ • ~ , evinced by Mortgagor's note
<br />y ~, a
<br />t"`~"~~~19.-2Fi=~79 erein "Note"
<br />F,,-,~- , {b }providing for payments of p:incipai and interest, with the baFanee of the
<br />'-: indehEedgess, if not sooner paid, due and payabte on 05-19-&J
<br />~~~ si 2'osecure the payment of the Note, wrth interest as provided therein, the payment of all other sums. with interest,
<br />arlvah~d°6y ~Yartgagee to protect the security of this Mortgage, and the performance of the covepants and agreements of
<br />the 3ortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />prop=rty located in ~~' „^ounty, Nebraska:
<br />A tract of land corr>prising the southerly 425.0 feet of the easterly 325.0
<br />feet of the Southeast Quarter of the Southwest Quarter (SE~SW~) of Section
<br />Thirteen (13), Township Twelve (12} North, Range Ten (20) i4est of the 6th
<br />~.&i., in fall County, Nebraska. said tract containing 3.171 acres more or less
<br />- Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise gertainirg thereto, and the rents, issues and profits, revemions and remairtders
<br />thereof; irretuding, but not lim[ted to, heating and cooling equipment and such persona} property that is attached to the
<br />improvements so as io constitute a fixture; all of which, including replacements and additions thereto,s hereby declared
<br />to be a part of the real estate secured by the lien of this Mortgage and ati of the foregoing being referred to herein as the
<br />.,Property,:
<br />Mortgagor further convenants and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />Z. Title. Aiortgagor is the owner of the Property, has the right and 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 herein.
<br />^ The Property is sublet to a Mortgage wherein
<br />is the Mortgagee, recorded at Book , Fage of'_he Mortgage Records of ~untyt ,
<br />Nebraska, which Mortgage is a lien prior to the Tien created hereby.
<br />~ Other prior liens or encumbrances:
<br />3. Taxes, Assessments. To pay when due ail #axes, special assessments and all other charges against the Property
<br />and, upon written denand 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, assessments or other charges as they become due.
<br />4. Insurance. To keep the improvements now of 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 />~, and with toss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />ad,~t, txii}ect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the-
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />.. ileac tmtil the sums secured hereby are paid in full.
<br />5. Ci Escrow Far Taxes and Insurancd= Notwithstanding anything captained in paragraphs 3 and 4 hereof tothe- -
<br />cantrary, Moztgaffar shah pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one-twelfth of the yearly taxes, assessments, hazadd inszrance premiums, and ground reefs (if any}.which may attain-a .
<br />priotitq oiler this Mortgage,: a!I as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />'held bq the Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />~p~il~it. The-sums pain to 7~rtie hereunder are
<br />pledged M additianaI security-for the indebtedness secured by this
<br />7-~artge~. Mortgagor shag pay to Mortgagee the amofutt of rosy defideucy between the actual taxes, assessments, insurance
<br />gxemiunis and ground rents snd' the @epce,ts herennder within 20 days after demand i4"made upon Mortgagor requesting
<br />" "piryment thereof.
<br />6. I;epair, Maintenance and U~. To pmtaptty repair, restore or rebuild any buildings or improvements paw or
<br />Hereafter oa-the Property; to-keep -the Property itt-goad condition and repab, without waste, and Pree Prom mechanic's or
<br />otherliens not expresslg subordinated-to fire-lien h?r?otr not *_e make, suffer or perrrt:t guy nuisance to exist; nor to dimia-
<br />isn or impair the value of the Property by-env act or:trmisatan to act; and tQ con*~ly with aIl requsrements of law with
<br />- - respect to the Property.
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