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u RECORDING REQIIESTED BY ANB
<br />WREN RECOP_DED MAIL TO:
<br />Hahn Property Management Corporation
<br />4313 La Jolla Village Drive
<br />San Diego, CA. 92122
<br />Attn: C. Samuel Marasco
<br />Return By Mail
<br />
<br />MORTGAGE
<br />~----
<br />T IS MORTGAGE, made this ~ day of ~(~/~. ,
<br />19 iy and between RONALD J. SHUKIS, herein called Mortgagor,
<br />whose address is 2414 West Lamar, Grand island, Nebraska, 688©1,
<br />and HAHN PROPERTY MANAGEMENT CORPORATION, a California-corporation,,
<br />located at 4313 La Jolla Village Drive, San Diego, CA, 92122, herein,
<br />called Mortgagee.
<br />W I T N E S S E T H
<br />Mortgagor hereby mortgages to Mortgagee with-power of sale,
<br />all firer property located in the City of Grand Island, ~ounty of
<br />Hall, State of Nebraska, commonly addressed as 2414 West Lamar,
<br />Grand Island, Nebraska, and described as:
<br />Lot Sixteen (16) and the Easterly Eight Feet
<br />(8') of Lot Fifteen (15) in Block One (1), in
<br />Bel Air Addition to the City pf Grand Island,
<br />Nebraska,
<br />together with all the tenements, hereditaments, and appurtenances
<br />thereunto belonging or in any wise appertaining thereto, the
<br />reversions, remainders, rents, issues, and profits thereof, and
<br />also all the estate, right, title, and interest, homestead or
<br />other claim or demand, in law and in equity, which Mortgagor now
<br />has or may hereafter acauire, in and to said property; ar any part
<br />thereof, as security for the payment of the indebtedness evidences
<br />by a promissory note, of even date herewith, executed by Mortgagor
<br />in the sum of $50,Od0, in favor of Mortgagee, far any additional
<br />sores and interest tizereon whiciz may herearter be loaned to the
<br />Mortgagor ar his successors or assigns by tine "irtgagee, and far
<br />the performance of each agreement herein contained. Additional loans
<br />iereafter made and interest theraori shah be secured by this =tortgage
<br />only if made tp the Martc3agor wizile ize is the owner of record of
<br />his present interest in said property, or to his successors or assigns
<br />cahile they are the owners of. record thereof, and shall be evidenced
<br />by a promissory note reciting that it is secured by this Piortgage.
<br />To protect the security of this Mortgage, Mortgagor agrees:
<br />Maintenance and Repair
<br />1. To keep said property in good condition and repair; not
<br />to remove or demolish any building thereon; to complete or restore
<br />promptly and in good and workmanlike manner any building which may
<br />be oonstrueted, damaged, or destrpyed thereon and to pay when due
<br />all claims for labor performed and material furnished therefor;
<br />to comply with all laws affecting said property or requiring any
<br />alterations or improvements to be made thereon; net to commit or
<br />permit Waste thereof; not to Commit, suffer, or permit any act
<br />upon said property in violation of law; to cultivate, irrigate,
<br />fertilize, fumigate, prune, and do all. other acts which from the
<br />character or use of said property may be reasonably necessary,
<br />the specific enumeration herein not excluding the general.
<br />Fire Insurance
<br />2. To provide, maintain, and deliver to Mortgagee fire
<br />insurance satisfactory to and with loss payalale to ~lortgayee.
<br />The amount collepted under any fire or other insurance policy may
<br />be applied by Mortgagee upon any indebtedness secured hereby and
<br />in such order as Mortgagee may determine, or at the option of
<br />Mprtgagee the entire amount so Collected or any part t2zerepf may
<br />be released to Mortgagor. Such appliaat-ion or release shall not
<br />cure or waive any default or Nat.icC of Dek<zult hereunder ar inval-
<br />idate any act done pursuant_ to such not.ioe.
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