|
r
<br />~~~ «» s~oa~ ~-cE
<br />!)fj r22~
<br />'Itis Mortgage is entered into between I,iiO[~4RD 8. SIAALJ and JAKI('E J SID,AR &f~sbartd
<br />and Wife (~~"Mdetp~")at~
<br />7slf: ra' AmIgN,ef j;attt~ !~ GRAD? fg-~ (~°~tLMer`~'k
<br />-- Mortgagor is indebted to Mort~gee in the pdincipai sm of; -- 3,073• t+Y'IitoatpMsPaatafr.~~--. -
<br />- - dated 11126J80 (Itereln "NoOe'7 Pig ~ P~Y~ of pr6e~id sad tnterat, wNh ttr bYreee oEibe- "- -
<br />- iadebtedne~. ii not sooner paid, due and payable on-_~/~~Aq _. - ~ - ".
<br />- To seeare the payment of the Note, with iatenat as paostded thereon, the payermt of ag other staar, with [etmntr - - _ - ~-
<br />adnaad by Mortgagee to proteM the security of this Mortgage, and the petfonaaaoe of the~coveaaataamtaet~pt~ob..
<br />. -flu Mortgagor contained herein, Mortgagor does 6eretry sad-tawny to -the faitdwha~,.dwatmfd,~-~ --~ -
<br />_ ._.
<br />Propesty tooted is ~ Hall Co®ty, NelaasYa: _ ~ - "
<br />Lot 1! ive (5) a~ the 'South 22' 3" of Lot Three (3) , B(taek
<br />Fifteen (15), Uaivelsity Place to the Citq of Grand fslsed;
<br />Nebraska; and®re pxrticufarly described as 2128 North
<br />Howard Strut, Grand Island, Nebr'a.Ska.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privioegea and
<br />appartenaoces located thereon or in anywise pertaining thereto, and the rents, issues and prof ta, teveaioos and remamdea
<br />thereof; including, but not limited W, heating and tooting equipment and such personal Property that is attached to ~e
<br />improvements so as to constitute a fixture; all of which, including replacements and additions there W; is herelry declared
<br />to he a part of khe real estate secured by the lien of ttris Mortgage and alt of the foregoing being referred W herein as the
<br />..pro~rtY"
<br />Mortgagor further convenanta end agtars, with Mortgagee, as fdlows:
<br />i. Payment, Ta pay the indebtedness and the interest thereon flfi prodded in thin 3iortgage and the Note.
<br />L Ttkla. Mortgagor is the owner of the Property; has the right and au~ority to mortgage the Property, and
<br />vrarrants that Ills teen created hereby is a first and prior hen on the Property, except as may otherwise hie sek forth herein.
<br />~ Tne Property ri subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Book ,Page __ of the Mortgage Reeorda of County,
<br />Nebraakn, which Mortgage is a lien prior W the Tien created hereby.
<br />G Other prior liens or
<br />3. Taxes, Assessmeata. 'A'o pay when due all taxes; special assessments and al! other charges against the Property
<br />and, upon written demand 0y Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee W pay such faces, assessments or other charges as they become due.
<br />4. Irtmtraace. To keep the improvements now or hereafter located on the res4 estate described herein insured
<br />- against damage by fire and such other hazards as Mortgagee rnaY require, in amounts and with companies acceptable W the-
<br />- - Moetg~ee, and with loss payable to the Mortgagee. !n race of toss under such policies the :tortgagee is authorized to
<br />etrtket and compromise, in its diseretlon, nit china thereudder at its sole option, authorized toeitherapply the
<br />pmtweda to fire eestotation of the Pmperly or upon the indebtedaesa secured hereby, but paymerrta hereunder aball eoa-
<br />knate uatll the sutra secured ~reby are geld in fnlL
<br />ie. O Iiscww Por Taxes and tasurance_ Notwithstanding anythlag contained is paragraphs 3 sad 4 hereof W the
<br />- _ contAry, Mortgagor abaft Pay to the Mortgagee at the time of paying the rrwnthly instauments of pdncipat acrd interest,
<br />arts-twetkh of the yearly taxes, asseaameats, haaard insutaaa pretaiums, sod ground rents (i[ nay! which may attain a
<br />. - prtodty otar this Mortgspt, ati a4 reaswtably eatimatad fYom Ume W time :ryr the Mortgagee. Tire amounts so paid shell be
<br />_ -held by the Mortgagee wiWout interest and-apptkd to the payment of the trams !n respect W which such amotmts were
<br />-dtwostted. She snrns grid te'•---`-`- neea~ra~ ~ .. ~.., re_>6_ :_y~._°_--
<br />.a ~r.,..e, _..,~
<br />- -- - -- ~ - - --"'~-- --.--~---- ~., r~~ ~ -.......~ ~,:r;,._ ,„r we urwcvsoane~ "secured oy ibis
<br />- -• Mort~tgprahWl pay to ~ ~e amount at say delidency between the actwl taxes, assessments, insurance
<br />ptemlums sad gmuad rents and kbe deposits hereunMr within TO days after demmd ro made upon Mortgagor regttesting
<br />WYmeat f.
<br />_ 4 &aapatr, Mabtta~assae sad Iiae. To Promptly repair, resfexe or retnriod any buiidlaga or improvements now or
<br />Sr4s'ellft# on ttte Pf'Apat4y, to icesp the Anperty in good eo~tlon and repair, wlttrout waste, and free r-om mectunie's or
<br />' ud. ~° #a.'tad to it;rr tten tte~ot; rKA to meta, sur7ir or pemnt any nuisance W exist, nor w ditmn-
<br />or l~tt: the v~rae of Propariy by any net or oeriasion W act: end to comply with alt nrquiremem4 of Isw with
<br />rer~ast W the f4opsrty.
<br />
|