|
<br />t~ 4 ~~ ~ ®6 $ ~ MORTGAGE
<br />This Mortgage is entered into between Canteen Uen di ng Services , Inc.
<br />(herein "Mortgagor") and
<br />National Bank of Cotfrnerce Trust & Savings Association (herein°Martgagee'•}.
<br />.gagor is.indebted to Mortgagee in the principal sum oY.y 173 , 262.27 ,Evidenced by Martgagat's »ote
<br />dated- 2j12/$1 (herein "Note") providing for payments of nnci
<br />p " pef and fnfsrest, with the bale»ce o4 the
<br />indeh[edness,'sf not sooner paid, due and payable on_ 2113/$4
<br />Toseatre the payment of the Note, rriih interest as provided therein, the payment a4 all othersama, with interest,
<br />bvanoed by Mortgagee to protect the security of this Mortgage, and the pertormance of the covenants and:egreemenG oY
<br />the Mortgagor cant~t(pd herein;-Motrtgagor dace hereby mortgage and convey to Mortgagee the follbwing described
<br />property located is ' " - ~ti I1 . Couaty, Nebraska:
<br />West Half of Lot 2, Stehr's Subdivision of part of the West Half of the Southwest
<br />Quarter of Section 11, Township 11" North, Range 9 West of the 6th P.M., Grand
<br />Island, HaTT County, Nebraska.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances Iorxted thereon or i.t anywise pertaining thereto, xnd the rents. issues and profits, reversions and remai»den
<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 constiWte a fixture; alt of which, including replacements and additions thereto, is hereby declared
<br />to he a part of the real estate secured by the lien of this Mortgage and all n[ the foregoing being referred to herein as the
<br />..~~rt y".
<br />Mortgagor €urther coveenants and agrnes, with Mortgagee, as fellows:
<br />1. Paymmtt 11a pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2. Title. Mortgagor is the. owner of fire Property, has the right and authority to mortgage the Property, and
<br />warrants tbat 4he lien created hereby is a first and prior lien an the Property, excegL as may otherwise be set forth herein.
<br />.~'l'he Property is subject to a Mortg~~e wherein ~dtlOtial- BdRk_Of_ C~tTQfierC
<br />Instrument ?tI4-005888
<br />is the Mortgagee, recorded at of the Mortgage Records of _~~1~ 1 County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereb}
<br />~ Other prior liens or encumbratcces: ___ __ -_ _
<br />3. Taxes, Asseasnrents To pay when due alt taxes, special assessments and all other charges against Ehe Property
<br />and, upon wtdtteo demarrd by Mortgagee, to add to the payrr~nis required under the Note secured hereby, such amount as
<br />may be suCCrcient to enable the Mortgages to pay such taxes, assessments or after charges as they become due.
<br />~ latatrance. To keep the improvements now or hereafter located an the real estate described herein insured
<br />against damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />~, and with toss payable to the Martgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjust, callers atu! compromise, in its discreswn, alt claims thereunder at its so{e option, autharizedtoeitherapply Lhe
<br />pmresds to tke restoration a[ the Property of upon the itedebted»ess-secured hereby, but payments hereunder shall-con-
<br />tlaue utttll the sums secured hereby ate paid in lull.
<br />S: Ct Baerow Farr Taxes and lrraurance. Notwithstanding anything contained in paragraphs 3-and ~ hereof to the
<br />contrary, Mortgagoe shall pay. to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />ane-twelfth of the yearly isytes, ry~+~nis, haurd insurance premiums, and ground rents (if enyl which may attain a
<br />pri;itity as~er lira Mortgage, all as seasonably estimate8 from time to time by the Mortgagee. The amounts so paid shall be
<br />held by tJty Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />dapocited. The sums paid to Mortgagee hereurrder are pledged as additional security for the indebtedness secured by this
<br />MorE, Ar&ucgay,ars4ali pay to MortgageE the amount of any deficiency between the actual taxes, easessments, insurance
<br />pranduruzr,tind lpuund rrsu#aand the deposits hereunder wikhin 10 days after demand is made upon ltlortgagotrequeating
<br />plOcment fheeq#:
<br />~. Rlpalr a»d tfse, To puomptly repair, restore or rebuild any buildings or improvements now or
<br />hpiere4ter ou.tlae Peaparty: fo keep lire Property in good candition and repair, wfthouf waste, and free from mechanic's or
<br />ottvar tneras not e~y cubordi»ated to the tio» hereof: nok to make, suffer or permit any rtuisanee to exist., nor r,o dimin-
<br />hb ~ tmpaiir the value of ihe-Pttepvrty by any act-ar-nmiasion to act; and to comply with all requiremenfa cif law with
<br />rrnspvct Ui the 4Topert}.
<br />
|