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~" ~ ~ irf4R7'GAGE
<br />This Mortgage is entered into between SAS g, gam-.'
<br />i3rtd Wife, artd LAitiRFixE G.iC'Cdl~ atfd 7AIS A. (I~42ItgRr H „~,~
<br />`~ i?tA11`EtI'F~T. HANK fX.'' QZAED ISIAfig?r C~dtld ISls~rldr ~- u»~: ...
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ SO r000 _ ~ , r!virtenced by li4brt~a'd no4e
<br />dates .___ A~3~ I5, I98Q (perms ••;v~•• l providing tar payments a[ principal and-interest; wiHe the balwee of tbc=
<br />indebtedness, if not sooner paid, due aad payable on,_._ApCi.l 1Sr 1984 ~.
<br />To secure the payment of the iVote, with interest as provided therein, the payment of ail other sumr~ with intcre~rL, .
<br />advsri¢ed by Mortgagee to protect. the security of this Mortgage, and the performance of the corertttntli and t bt`
<br />the Mrsrtgpgor contained herein, Mortgagor dues hereby mortgage and eortvey to Mortgagee- qre foBowiug deata40et['
<br />property located in Hall __"_ Coun[y, i`lebraska:
<br />Zat Two (2) , Az~o Fift3t Subdivision, an Addition t0 Alda, Aa3.1 CXsuttty,
<br />Nebr~slca
<br />Together with all buildings, improvemen4s, fixtures, streets, alleys, passageways, easements, »gttts, p»vileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents issues and profits, reversions and remainders
<br />thereof; including, but not limited to, heatin? and coating vyuipment and such personal property that» attached to the
<br />improvements so as to constitute a fixture; slt of which. including replacements and additions thereto, is hereby declared
<br />to be a part of Lhe mal estate secured by Lhe lien of this MorEgage and all of the foregoing being referred to herein as the
<br />..~~~,,,
<br />Mortgagor ttrriher convenanrs and agrees, wilts ;viongagre, as Eoilows:
<br />i. Payment, To pay the inde~tedness;md the mts+n•a Utercuu a. pru+,ded m thrs Mortgage end the Note.
<br />2. Title. Mortgagor is the owner of the Propert.v. ha the oght and autttont~= io mortgage the Property, and
<br />warrants that tht lien created hereby is a first and prior hen on the Pmprrty, except as may otherwise be set fortis herein.
<br />The Property is subject to a Mortgage whrrem _ __
<br />is the Mortgagee, recorded at Book ___..___.__. Page _. cf the Mortgage fiecords of ___County,
<br />Piehtas&a, which Mortgage is a lien prior to the lien created beech}.
<br />^ Other prior Liens or eneumbranres: _ _ _._ ...
<br />3. Taxes, Assessmaats. To pay when due aIt taxes, spt~ral assessments and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the payment, r+•quired under the tiolA secured hereby, such amount as
<br />may be sutfieient to enable the Mortgagee to pay such !.axes, azst-ssments or other charges as they become due.
<br />4. Insurance. 'f'o keep the improvements now or nrreafter located on the real estitte described herein insured
<br />agadnst damage by fire and such other hazards a, Mortgagee may require, in amounu and with companies aati~ptable W the
<br />Mortgagee. and wih loss payable to the Mortgagee. In case o[ loss undo[ such policies the Mortgagee is authorized to
<br />Adjtptt edltet and asmpromiae, in its discretion, alt rtartruc thereunder et its saM option, authorized to either apply the
<br />proceeds to the restoration o[ the Property rsr upon the rndeisteduess secured herebv, but payments hereunder shall con-
<br />tinue ++ntil the sums,;ecured h€rebv are paid in fall.
<br />S. ~. h'scraw For 'Texts and insurance. tiotwithstnnding ars}thtng eoutained in paragraphs ;3 and A hereof to the
<br />cantruy, Mortgagor shall pay to the Mortgagee at the time oY paying the monthly installments of principal and interest,
<br />one-twelfth of the yeatty texts, assesstneuts, hazard insurance premiums, and ground rents fif arty) which may attain a
<br />prio»ty over ibis-Mortgage, a1i as reasonably estimated from ume to time by the Mortgagee. The amounts so paid shalt be
<br />held by tht Mortgagee without interest and applied Eo the payment of the items in respect to which such amounts wer•
<br />deposited. The soles paid to Martgagtw hereunder are pledged as additional security for the indebtedness cured by this
<br />l<iortgage. Mortgagorshati pay to iturtgagee the asuuunt of any deficiency between [hr actual taxes, assessments, insurance
<br />premiurrar a+td ground rents and the deposits hereunder within It) days alter demand is mane upon Mortgage: requesting
<br />paytneni hereof.
<br />Q. Rtpatr,'.Haintenatac4 and !Jae. 'fo prampt:y repair, resWre or rebuild any buitdiegs rx improvemens now w
<br />hertatter oa the Prtsptrty, in kttg the Property in gtxsd tYntditsua at;d repair, without wasre, and tree from nseciunir`s ur
<br />other iirnx not €xgressly subardirat+Ki W the Slrr, hereof: slut to rrsaBr, suffer sir pernut any nuisance to rats[, our to dimtn-
<br />ish of iwpair the value of ttm Prt?pe«rty by an act or +arnr~~~itrt+ ,o at°`; and t+: ,-tiara,~'.}~ +r~sth sit reyusrecsents of taw with
<br />rrrtpec~t its the Prr3ga"Fty.
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