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8~'~ 1 ~ 15 ~i X32 MORTGAGE
<br />Jerrold Tjatien and Linda. Tjaden, husband and Wife„
<br />_ This Mortgage is entered into between
<br />_ (herein "Mortgagor") and
<br />erlan at1 p San (herein "Mortgagee"j.
<br />Mortgagor-is indebted to Mortgagee in the principal sum of $ 13 548.18 ,evidenced by Mortgagor's note
<br />dated 8-~"~~ (herein "Note") providing for payments of prncipat and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on_- 1Q-1'7-87
<br />Td sadare the~.payment of the Note, with interest as provided therein, the payment of all other sums, wish interest,
<br />advanced by.Mortgagee to' protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor'eonfained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Hall County, Nebraska: -
<br />~~e;`lt~a Fafrt oY ttfelNorth Ten (10) Acres of the West half
<br />(W~) of the Northwest f~uarter (T7W~), of Section Ten(1~),
<br />in Township Eleven (li), North of Range Nine (9), West of
<br />the 6th P,M„ in Hall county, Nebraska, More Particularly
<br />described on the attached Exhibit A,
<br />Together with all 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; at[ of which. including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />,.~o~rty„
<br />Mortgagor further convenants and agrees, with Mortgagee. as follows:
<br />~, L Payment. To pay the indebtedness and t.hrc^ mterent tharr~on as pravuied m th~~ Mortgage and the Note.
<br />2. Title. Mortgagor is the owner of the Property, has the right. and:authority ur rnurtgage the~Praperiy, and
<br />warrants that the lien created hereby is a first and pri[rr ben on they 3'rtrperiv, excep6 as uury~ othcrwkse be set tariff herein.
<br />i..i. Tile Property is sub}ect to a Mortgage +vhrrrem ........ ._,_.___ _......---_... , . --.----_.T._-_.
<br />i
<br />-,, - is.t4e Mitrtgagez, recar3ed at Bock __-.._._ ,Page ....... ... of the it9Krrtgage Rectrrds of .- .. ......__._.,........_..__ County.
<br />- -- -Nebraska, wh;ch'.lorigage is a lien prior io the lien created herebi.
<br />^ Other prior liens or encumbrances: - .. _.. _ . ... .... . .. ... _._. _._.. - _- __- -. _.._ _.._ .~--
<br />3. Taxes, AsSessrrtents. To pay when due uiI rases, special assessments and all other charges against the Property
<br />and, upon written demand by Mortgag€n•, to add to the pay Hunts required under the Note secured hereby, such amount a,
<br />may be sufficient to enable the Atortgagne to pay such taxes, assessments ur ether rharges as they ixrcome dw•.
<br />' 4. 3nsnranee. '1'o ke-Fp the imprervetnenta now or hereafter iae:ated un the real estate described henvn insured
<br />against damage by Pre and such ether haaards as 91oKgagee may require, its amswnts and with cgmpanirs acceptable=tn the
<br />Mortgagee, and with Inns payable to the Morigager. In case of loss undor sorb policies the Mortgagee is authorized [o
<br />adptsL, collect and crompromise, in its discretion, all ciainu Hn•n•uuder rd ils Hole option, authonual to cithc•r apply the
<br />prockeds to the restoration of the f4operty or upon the indebtedness secured hereby, but puyrnents heneunder shalt con-
<br />' time until the aurae secured hereby are paid in tali.
<br />5. O Escrow For Taxes a»d Insurance. Notwithstanding anything rxmtainrd in paragrnphs 3 and 9 hereof to the
<br />contrary, !sfortgsgor shall pay [o rite Mortgagee si the time oC paying the monthly instaiiments of principal and interest,
<br />gree-twelfth of the yeady taxes, assessments, hazard insurance premiurrta, anti ground rents tit auyl which may attain a
<br />priority over this Mortgage, alt as reasonably estimated from time to trine by the }lortgagee. "1•he amounts so paid shall be
<br />held by -the Mortgagee without interest and applied to the payment oE' the items iu resp€wt to which such amounts were
<br />_ dgpostted. The sums paid to Mortgagee hereunder are pledged as additional security Coe the indebtedness secured by this
<br />Tr(ortgage. Mortgagor shall pay to Mortgagee the amount of anp de Flciency between the actual taxtx, assessments, insurance
<br />_ premiums and-ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />6. Repair, i4laintenaace and Use. To promptly repair, restore or rebuild any buildngs or improvements Haw or
<br />hereafter on the Property; Co keep the Property in good condition and repair, without waste, and free from mechanic's or
<br />other liens Hat expressly subordinated to the Tien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin•
<br />tail or impair '.he value of the Property by any act or omission to act: and to comply with a!I requirements of law with
<br />respect Lo the Property.
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