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<br />OV""' ~;~. MORTGAGE `.
<br />Tbia"Mort~ge-js entered into between JAk1ES' P MASAT ANb" CARALYN A. 14ASAT H•:isbsnd' trod
<br />Wife (herein `Mortgagor") and
<br />J THE tJ3?I~F,AAID NATI(x1AI, BANK OF GRAND ISi,AND"- chentin'•Mortgagee••).
<br />Mortgagor is indebted to liiortgagee-in the principal sum ofj'. l~-~•~ , evidenced by Mortgagor's oats
<br />~~ Atay 27, 198D rein "Note") providing:for payments of principalrnd interest, with the balance of the
<br />indebtedness; it ~tsoonarpaid, due and payable on ~y. 24; 180 _
<br />Tooeeure the payment of the Note, with interest as provided therein, the. payment of all other cams, yr+th interest,
<br />adiianced by htortgagee to protect the security of this"Mortgage, and the"per[orraariee of the coveaanfs and agreements of
<br />ttie Mortgagar'contained'herein, Mortgagor does hereby mortgege and convey to Mortgagee the fopcwing described
<br />;, psbperty loafed is Iia11 County, lebraska: ,
<br />-Lot Nine (9), Block one (1); Pleasant View Addition to-the.Citg-CSi
<br />Grand Island; Aall ~tmty, Nebraska.
<br />Together with all buitd'wgs, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appnebmances looted thereon or in anywise pertaining thereto, and themes. issues and profits, reversions and remainders
<br />tbeaeof; indadmg, but not timited to, heat:.rg and cooling equipment and such personal property that is attached to the
<br />im»+s ao as to enmtitute a facture; alt of which, induding replacements and additions thereto, is hereby declared.
<br />to'he a prrt of the rpl estate secured by the lien of this Mortgage and all of the foregoing being referred to herein u the
<br />"hrpertY". .
<br />Mortpgor further convenants and agrees. with Mottpgee, as follows:
<br />1. Payment fio pay the indebtedness and the interest thereon as provided in this Mortgage and the (dote.
<br />2. Tide. )dort;agor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />waemis that die ties-created lsereby is a Crest and-prior lien on the Property, except as may otherwise be set forth herein.
<br />a -The-Property is subject to a Mortgage wheesin
<br />is ilelfaitpgee, reeorded.at Book. ,Pap of the Mortgage Records of County,
<br />I~hisab~. which Mortpge rs a lien prior to the lien created hereby.
<br />33 Odser prior litnc or eneumbonces:
<br />{_
<br />~'; 8. Taw, Afaeen>Mls. To PaY whey due all taxes, special. assessments and all other charges against the Property
<br />. 'rN, rpas w,riw dewrd hY Mortgagee, to add to the payments required under the 2dote secured hereby, such amount as
<br />sq-ise't to enable-the Mortgagee W pry such rase,, assessment or other charges as they become due.
<br />{. Yiaaarraee. To .ra~ep the improvements now of tteeeafter )seated an the real estate described herein insured
<br />_ apir~t,d~a-by bas and such other haaaxdc as Mortgagee map require, in amounts and with eompanfes aeceptabie Co the
<br />tt{aa~sa, _plli wltp tea payable W the wee. W +aae of ion under such policies ttte Mortgagee is auttrorized to
<br />adjast, ediaet`- and'ountpwaise; in its ~reretipn, all tinder-at-its sale option, authoriaedtoeitherapplyihe
<br />psooaeds to ter reaiowae of the Pmpntg ar-upon the lndebtadoesc secured ben:by, but payments hereunder shall con-
<br />Barre seta drrawaaacared:ltaseby aaa paid it-tali.
<br />!ti t3lawr-Ptit. Tpsas aei.t~ce. "Notwithstanding anythicg contained is paragraphs S and 9 hereof to the
<br />erntaasy. ~tgalae all;pay to thc'd4att;agee at the time of paying the manthty instalment of principal,and interest,
<br />taaas.;arrrwtar haTardiasuranse pentiums,-and grauud rents (if any)}vbich may attain a
<br />aretwelldr of tip yeudy
<br />prfooty over tits 1~tMr. all r. itrarona6ly ertiarated from time to time by the Mortpgee. The amount sa paid shall be
<br />YW by Ifs Ifaatgagae wieYart iolrsvet and applied to the payment of the items in respect to which sash amounts wem
<br />dgoaibd. Tie sus paW W Naetgrgas, hereunder aq pledged sa additional.security Cor the indebtedness secured by ties
<br />Mortprp. lfoetpgor tali pay b lforlppre the rnsotrot of ny drficienGy between the actual taxes, assessments, insurance
<br />prernirsa and Pound roatr and iwtts hereunder wtthta lit-days after demrnd is made upon Mortgagor requesting
<br />pnyrMat tisveot.
<br />i. Napru, ttfairWnatraaod Urn. To prowptly:repair, restore or rebuild any buildings or impravemcnt new ar
<br />iegrRet un the hoperty; to keep h+r pert;} in gopd eundition and repalx, wilhaut waste, and free from mechanic's ox
<br />. atlrrr Yearr not a:pmasly sutwedtrtat~ed tom lien ltarcat', d~ W make, suffez or perudtsny nuisAnee to eacist. oar to dimin~
<br />lei or irrpafr tie valne,of tht i°,wpRrty by:any,aet or atnisaion to act; and to comply with a!i requirements of law with
<br />t tp.tbe 1•tgRtrrty.
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