80005609 - Laserfiche WebLink

Browse

'. ,- --- ~ 9SOR.TGi1GE _ _ This Mortgage is enteredento.between JiH'IIti W. NOIAN ~ VERA A. NQLAN Htrat~anrl 3r1c~ W fe .: ~ (herein "Mortgagor") and .. - ' .:TfI~ OVERLAbID NAT3C>NAL BANtC ~' C~aNnJ,_I$I~tNf' , ~.ra,a~~.T57a..na.~r `''"'a -- ortgai~ee„). _ - -Mortgagor [s indebted to -bSortgageetn the principal sum of $ 6 ~ 000.00 - , evidenced b Mort - Y gagoYs note dated S 30,148(~eroin "Note''} providing for payments o[ principal and intertst, with the batance.ot the - - - indebtedness, 3f notsooner.paid; dueaad payable.on ~ 6. 1440 _ - - To~cure the payment of the Note, with interest as provided therein, the payment of all other sums, wftti interest, - - - - advanced by Mortgagee td protect the security of this Mortgage, and the performance o£ttie covenants end agreements of - - the -Mortgagor contained herein, Mortgagor does hereby mortgage and corzvey--to Mortgagee ttie following'destsibed - - - .property located in __ IS~1 County, Nebraska: . - Together with ail buildings, improvements, fixtures, streets, alleys, passageways, casements, rights, privileges and appurtenances located thereon or in anywyse pertaining thereto, .md the rents issues and profits, reversions and remainders - thereof; including, but not limited to, heating and cooling equipment and such personal properly that ~s attached to the - - impmvements so as to constitute a fixture; alt of which, including replacemeatc and additions there,.., :> hereby declared to ~.be a part of the real estate secured by the lien of this M1lortgage and all of the foregoing being referred to herein as the ..~PertY". Mortgagor further eonvenants and agrees, with Mortgagee, as t'allow,a: 1. payment. To pay the indebte-dness and the intere.+t thereon as proi•rdx3d in thiv Mvrigsa • and the itiota. 2-. Tilte. Mortgagor is the awrrr of [hc property, hoe the right and author: ~ y to mortgage the Property, and warrarr(s that the Tien created hereby is a first and prior lien nn ! he Ropert}', rxr:rpt as may utbrrntsr 6e set forth het'ein. ^ The Roperty is subject to a Mortgage wherein - . - --_----- is the Mortgagee, recorded at Book __ , Naga _ _- of-the Mortgage Records of ___.__.- _.-_..__County, - Nebraska, which Mortgage is a iien prior Lo the lien created herrb_v. f~Otherpriorliensorencumbrances:__.___ .... ............._._.._..___._._._._. 3. Taxes, Assessments. Tb pay when due all taxes, special assessments and ail other charges against Che Roperty and, upon written demand by Mortgagee, U, add to the payments requin•tl under the Note secured hereby, such amount as may be suftlcient Lo enable the Mortgagee Lo pay such tnxes, assessments or other charges as they become due. ~t. Insurance. 'Po keep the improvemenU nuw or hereafter toe~ated on the real estate described herein insured against damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable Lo the Mortgagee, and with loss payable to the Mortgagee. In case of lass under such policies Che Mortgagee is authorised to adjust, oollect and compromise, in its discretion, all claims thereunder at its ante option, authorized to either apply the premeds ter try restoration of the Rapertp ar upon ihr indahtrdness secured hereby, but payments hereunder shall ems tinue until the sums secured hereby err paid in full. 5. C7 lixrow Eor Taxes and Insurance. Notwilhstandiagnnything contained in paragraphs 3 and •t hereof to the corttrary, Mortgagor shall pay to the Mortgagee al the time of paying the monthly installments of principal and interest, one-iwettth o€ the yearly taxes, assrssmenLS, hazard insurance premiums, and gerund teats (if any) which may attain a ptiar;ty over this Mortgage, alt as reasonably estimated from timeto time by zhe Efortgagre. The amounts so paid shall be held by the Mortgagee without interrstatrd applied to Che payment of the items in res3n>ct to which such amounts were depoWtsd. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured 6y this 6ortgage. Mortgagorsttali pay to Mortgagee the amount of any deficirney between 4he actual taxes, assessments, insurance premiums andground rents and the deposits hereunder within !0 days after demand is mode upon Mortgagor requesting payment Ihereot: & Repatx, Ma3ntanance and Use. `I'a pmmptiy repair, restore or rebuild any buildings or improrenu.•ots now or herestter un the 1'rapeCYi w keep the Property in gaol condition and repair, without waste, and free imm mechanic', or Gttta~: tuna oat exprxssiy sutrordtnated to the tiro hereof; oat to make, suffer or permit any nulsann• to exist, oar ro drrnin~ lair qr impair the vatzte of tt,a P.r=°"ty by any asf or onrisian ts. z__; and to rornpiy with ai{ reyuixemr;nL, ui lain sr~it.tr respect ip the Froptrty, .