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<br />SO.~` ~ i) ~ U i9 e3 MOETGAGE
<br />This Mortgage is entered info between J~y' ~~ G and SHIRIEY 1kiAE H~IIfJCr
<br />..~rt.~o~,? and _ _
<br />THE OVERI~AI~ID NATIONAL BANK OF GRA,'tID ISLAPID (herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ `~` 000.00 ,evidenced by Mortgagor's note
<br />dated Au#rtts-t 1, 1980 (herein "Note") providing for payments of principal and interest, with the balanm o[ the
<br />indebtedness, if rat sooner paid, due and payable on. Ai7RUSt 1, 1981
<br />To secure the payment of the Note, with interest as provided therein, the payment of ati other sums, witb intere<t,
<br />- advanced by Mortgagee to protect the security o[ this Mortgage, and the performance of the covenants and agreements of
<br />~~ ":~, the-lViortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Hall County, Nebraska:
<br />The Easterly Ten Feet (10r) of lot Eleven (11} and All of
<br />Lot Ttvelce (12), Stock Nine (9), Boggs and Hillrs Addition
<br />to Grand Island, in Hall Counts, Nebraska.
<br />Together with all buildings, improvemen4, 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, 6u[ not limited to, heating and cooling equipment and such personal groperty that is attached to the
<br />improvements so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured 6y the lien of Ghis Mortgage and all 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 />2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrents that the lien created hereby is x first and prior lien on the Property, except as may otherwise be set forth herein.
<br />^ The Property is subject to a 9lortgage wherein
<br />is the Mortgagee, recorded at Book ,Page of the Mortgage Records of _.T County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />^ Other prior liens or encumbrances:
<br />3. Taxes-, Assessments. To pay when due ail taxes, special assessments and ail other charges against the Property
<br />and, upon written demand by Mortgagee, Co add to the payments required under the tiote secured herebp, such amowrt as
<br />may be sufficient to enable the Mortgagee w pay such taxes, assessments or ather charges as they become due.
<br />4. Insurance. To keep the :mprovements now or hereafter located on the real estate described herein insured
<br />against damage by fire and such other hazazds as Mortgagee may require, in amounrs and with companies acceptable to the
<br />Aiartgagee, and with toss payable to the Mortgagee. In case of toss under such pnlicic~s the Mortgagee is authorized to
<br />adjust, collect and compromise, in its discretion, all claims thereunder at its sole opCion, authorrzed to either apply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby. 6u[ payments hen under shalt con•
<br />tinue until the sums secured herby are paid in frill.
<br />5. ^ Escrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 1 and ~ hereof to the
<br />contrary', Mortgagor shall pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />are-twelfth u[ the yearly taxes, assessments, hazard insurance premiums, and ground Hots lit' aryl which may attain a
<br />priority over this Mortgage, alt as reasonably estimated from time to time by the Mortgagee. "Phe amounts so paid shall be
<br />held by the Mortgagee without interest a-td applied to the payment of the items in respect is which such amounts wen
<br />deposited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured 6y this
<br />Mortgage. Mortgagor shall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />premiums and ground rents and the deposits hereunder within LO days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />6. Repair, Maintenance and Use. To promptly repair, restore or rebuild any buildings or improvements now or
<br />hereafter on the Property; to keep the Property in good eandition and repair, without waste, and free Pram mechanic's or
<br />other liens rot expressly subordinated to the lien hereof; not to make, suffer or permit any nuisance to exist. nor to dimin-
<br />ish of impair the value of the Property by any act or omission Co act: and to comply with all requiremenks of law with
<br />respect to the Property.
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