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$~""' i J ~ ~ rr~ ~ ~ MARTGAGE TThh ctea¢ei DELBERT D. ~ and 7fiiIS A. THEASMEStER, H„ct,arvl - -. atxl`Wife Mortga¢C-ts'tu d~nto ter , e - - - _ (herein "Mortgagor"} and Tf~ CNF~2LAitID NATIONAL. BANK GF GRADID ISi~lbH7, Grand Island, N3~raska (herein"Mortgagee"}. - Mortgagor is indebted to Mortgagee in the principal. sum of $ 65, 000.00 ,evidenced by Mortgagor's note -- - dated A#i9t]St 15, 1960 (herein "Note") providing for payments of principal and interest, with the balance o[ the - indebtedness, it not sooner paid, due and payable on fJ~.ober 31, 1980 To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest, -advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements o[ - - - the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described .; perly_located in Hall County, Nebra.,ka: - - A-nett of the Soutlx~ast t~uarter (Si:9;) of Section One (1) i-n Township Eleven Q1) North, Range Ten (10) West of the Sixth,P.M. described as follaas, to- wit: Catmer2cing at a point' at the SoutlteaSt Corner of Section One (1) in - TcwtssYiip Eleven (11) North, Fange Ten (10) West t7f the Sixth P.M., rtmfting ` North-One Fitmdt~ed Sixty Five (165) Feet Parallel to the Center of the Road aiar#g the East Section Line: Tht~foe mm~iitg in a Westerly direction Two Htmdred Sixty-Foes (264) Feet, Parallel to the Center of the Road, rtmnixtg along the South Side. of said Section': South One Fhuldred Sixty-Five _(165) Feet to the CErtter of the Road. along the South Side of said Section: - TYlenoe Fast Two Htmddred Sixty-Four (264) Feet to the-place of beginning. - - - Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and - _ - __ appurtenances located thereon or in anywise pertaining thereto, and the rents issues and profits, reversions and remainders - ttiereoC; including, but not limited to, heating and cooling equipment and such personal property that is attached to the impmvementi so as to constitute a fixture: all of which, including replacements and additions thereto, is hereby declared - to be a part oC the real estate secured by the licit of this Mortgage and all of Ne foregoing being referred to herein as the - Mortgagor further coneenants and agrees., with Mortgagee, as follows. 1_ Payment. To pay the indebtedness and lfte interest the•mon a. provided in this Mortgage and the Note. - 2. Title. Mortgagor is the owner oC the Property, hn~ the right turd authonty to mortgage the Property, and warrants that the lien created hereby is a first and prior lien on the Property, oxcept as may otherwise be set forth herein. O The Property is subject to a A#urtgagr wherein _ - .. ..___ _ _._______.__..-_ ___.- is the Mortgagee, retrorded at Book _.__.~.___ ,Page.. _._ _.. o! the Mortgage tteeords o[ ._ __.._._ -- __~County, - Nebraska, which Mortgage is a lien prior to the lien rrnated hereby. ^ Other prior liens or encumhrances: ._--_ .. _.. .. .._ .. - -_- -. _. _________-___- 3. Taxes, Aas~asments. 1'o pay when due all taxe>, ,peeial atsebsntents and all other charges against the Property aud, upon written demand by Mortgagee, to odd to the payments required under the Note secured hereby, such amount ns may be sufficient to enable the M^rigagee to pay such taxes, assessments nr other charges as they become due. 4. lnsurance. '1'o keep the improvements now or hereafter located nn the reel estate described herein insured - - -agaittak damage by fire and such other heaards w Mortgagee may require, in amounts and with companies acceptable to lhr - - Mortgagee, and with lose pnynbie to tffe Mortgagoe. In case of.loss undo[ such policies the Mortgagee is authorized to - adjust, calk ct and compromise, in its discrcGmt, all claims thereunder at its sole option, authorized to oithrr apply the proceeds to the restaratian of the Rnperty or upon the indebtedness secured hereby, but payments hereunder shall coin tinua until the sums secured hereby are paid in Full. 5. ^ Escrow For Taxes end Insurance. Notwithstanding anything contained in paragraphs J and 4 hereof to the wntrary, Mortgagor shall pay to the Mortgagee at the time ol', paying the monthly installments oC principal and interest, _ - - _ - onedwelfth oC the yearly taxes, assessments, hazard insurance premiums, and ground rents (it any) which may nltein a - priority over this Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shell be :_ _ held by rho Mortgagee wiEhou2 interest and applied to the pay meet of the items in inspect to which such amounts were -deposited. The surrra paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured 6y this Mortgage. Mortgagorshail pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance -premiums and ground rents end the deposita hereunder within 10 days after demand is made upon Mo[tgagor requesting - payment thereof. - - - 6. Repair, Afaltttettaase and Use. 'fo promptly repair, restore or rebuild any buildings or improvements now or herea[ter on the Property; to keep tfte Property in good condition and repair, without waste, and Ctee frgm mechanic's or other liens not expreasiy suhurdinated to the lien hereof; not to make, suffec or permit any nuisance Lo exist, nor to dimin- ish or impair the value of the Property by any act or omission to act; and to comply with all requirements of law with respret ttr the Property.