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~..~ ~~~ SEiI M(9RTGAGE
<br />iPtis Mortgage Is entered into laetwean DAVE A. R,AIL~ JH_ and. F.I~llt~s M Ht1ZI~ -
<br />~- - _ - - _ - _ _ (herein "Mortgago~"~ and
<br />THE UY~Aidl hATiONAi. BANK OF i~}t~ ISi~I~7 _
<br />( ,~~")•
<br />_ - - - Mortgagor is indebted to-Mortgagee in the principal surd of $1D, ~. ~ - - ,evidenced by ~Mortgsgox's Hate
<br />- - -. dated Jll1Y 24, I~ (hernia "Note"} providing for payments of principal and interest, wiffi ffie-balance of the -
<br />~- indebtedness, if not sooner paid, duz and payable on Jantraxy 12, 1981 -. _
<br />TO secure the payment of the Note, with interest as provided therein, the payment of a!1 othersums;-witlt ini;ereat,
<br />advanced by Mortgagee to protect the secmity of this Mortgage, and the perPorrnartce of the: covettatttsand agreersaenta:of -
<br />- - the-Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the-following des~ibed ,_._
<br />property located in - • FLaI 1. -County; Nebraska:. - . ,
<br />Iflt Six (6) in Jack Voss Sllkldivision, being a part of
<br />' the West Ralf of the Southwest GAtarter (W~SW~) Section
<br />'!moo (v), To~+..ship 11 North, I~^-geTea(lQ) Ww~r of thA
<br />-Sixth P:M., Hall: County, Nebraska.
<br />Together with alt buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges 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, heating and cooling equipment and such personal property that is attached to the
<br />-improvements so as to constitute a fixture; ail of which, including replacements and additions thereto, is hereby declared
<br />- - Eo be a part of the real =state secured by the tier of this Mortgage and ail of the foregoing being referred to herein as the
<br />•`ProPeTtY"•
<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 Nate.
<br />2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />- - warzaats 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 subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Book ,Page of the Mortgage Records of County,
<br />Nebraska, wh'sch Mortgage is a lien prior to the lien created hereby.
<br />^ Qther prior liens or encumbrances:
<br />- 3. Taxes, Assessments. To pay when due all taxes, special assessments and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as-
<br />- - may be sufCcient to enable the Mortgagee to pay such taxes, assessments ox other charges as they become due.
<br />4. Insurance. To keep the improvements now or 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 Co the
<br />- Mortgagee, and with ions payable to [he Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />_ _ _ - ~ -adjust, collect and compromise, in its discretion, alt claims thereunder at its sole option, authorized to eitherapply the
<br />-. - proaaess~ to thz rzstortioa of thz Property of upon thz indebtedness secured hereby, but payments hereunder shall coa-
<br />time until the sums secured hereby are paid in foil.
<br />- p -. sy ~ 5. d Escrow Foe Taxes sad Insurance. Notwithstanding anything contained in paragraphs 3 and d hereof to the
<br />- - - contrary, Mortgagor shall pay to the Mortgagee at the time of paying the monthly installments of principal and inWrest,
<br />- ~ - one-fvaeSftli o€ thz yearly faxes, assesstttents, hazard insurance premiums, sad ground rents (if any) which may attain a
<br />- prioritg over .this Mortgage, aU. as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall he
<br />- -held by-the Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />- deposited.. The aurns, paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />.Mortgage. Mortgagorshall pay to Aortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />Irremiurrts and gmund rents and-the deposits hernunder within 10 days after demand is made upon Mortgagor requesting
<br />• paymet=ktheteof.
<br />S. Repair, Maintenance said Use. To promptly repair, restore or rebuild any buildings or improvements now or
<br />hereafter on the Property; to keep the-Property in good condition and repair, without waste, and free from mechanic's or
<br />- otheriiens not expmsaIy subordinated to theiien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />ish or impair Cite vatue of the Property by any act or omission to act; and Lo comply with all requirements of law with
<br />respect to the Properky.
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