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<br />MORTGAGE ~1-- t}O2Ei~U
<br />This Mortgage is entered-into between VJ D. PFI@4S and PATR2C7A N. PE[dAS, Hty;;liAfJ~l _
<br />aru3 Y33.fe (beiein~MoeEgagor") and
<br />„_~ I~It~tAir BAfiIIC OF CRAND YSI~iNII, Grab Islar>;3, Nebraska `
<br />(herein "Mortgagee„)
<br />- MoYtor Ja ittdebted to Mortgagee in the prir~Jpal sum of $ 85, 4b4.44 ; ~~rtegd by, llortga~sr's note
<br />tested ~ ~; 1951 (hcrt~Jn "Note") providing-for payments of priirc'epal and interest;-with-the batimce of the
<br />~debtedo~s, if not sooner paid, dne and payable on ~~~ 18, 1983
<br />Toseture the payment of the Note, with interest as provided therein; the payment of all other awlts,-with faferest,.
<br />rdvancad by Mortgtt~ee to protect the security of this Mortgage; and the per€omtance of the eowffttints and agrteme~ of
<br />-the Mokgagor contained herein, Mortgagor does hereby mortgage aad convey to Mortgagee -the' [oltoaiag described
<br />property located in .~~~~ County, Nebraska:
<br />Lot SevertteP~t (I7) , Meadow Tame Tttixd S~tbdivisiarr, Hall CmaitY, _'
<br />Together with alt tntildings, irnpmvements. fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appttrtenances located thereon or in anywise periaintng thereto, and tha rents issue:: and pmfits, reveesions and remaindea
<br />thereof; including, bnt not limited to. heating and cooling equipment and such personal property that is attached io the
<br />improvetnenG so as to ea.Ntitute a fixture; sit of which. incltMtng reptaremcnts and additions thereto, is hereby dectared
<br />to be a part of Ute real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />"eroperty".
<br />_ _ MottgEgor further cronvenanis and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the mter.~t thereon e, pror°tded in thk Mortgage and the Note.
<br />2, Title. Mori~agot is the owner of the Properi~, has the nght and auihoniy to mortgage the Property, and
<br />wtrrants that the hen treated hereby k a first and poor hen +xi the fknperty, except as may otherwise be set forth herein.
<br />The Property is sublec[ toa'NOrtgagr wherein - -- ----_---_.---_,----~____,_~
<br />is the Mortgagee, recorded at Rook _----_--_ _... Page of the MortkaRe tttvrords of __
<br />Nebtrostta, whtch Mortgage tt a lien prtor to the lien created hereht.
<br />~ Other prior bent or etteumbrantes: _ - . ~~
<br />8: Taxes, Asemamenta. To pay when due alt taxes. >pecial assessments and all other charges against Use Property
<br />and, upon w2itten demand by Mortgagee, to add to the paymantt required under-the Noce cured hereby, such amount ~
<br />may 6e sufficient to eruWe the Mortgagee to pay such taxes, asse5:tments or other charges as they become doe.
<br />4 loa~ance. To ktwp the impmvetrtenls now or hereafter located on the real estate described herein irtsESett,
<br />agatnat damage by Utz and such other hazards as hiortgagcr may requ+re. in amounts and with nmmpaniesacceptabte Wthe
<br />$tort~gee, said ~si[h laa5 payable to {he- Mortgagee, iP cak• of 4ois u:ider.such polteies Ehe Mortgagee is aUtho-to_.-
<br />adput, cLdtcet acid compromise, in its discirtian, alt tJatms thereunder aL its sole option, auNoriaed[o.et[iterapptYttfe-;- -
<br />gtoaeads to tha restoration of the Property or upon the indebtedness secured hereby, but paymeafa hereunderahaN~ro
<br />time tmtli the sums wxured hereby are paid io furl.
<br />5. ;;J Escrow Far Tares-and tmtmttea. Notwithstanding anything contained in paragraphs 3 and4 hereoflra the
<br />txtattary; Mortor sha31 pay ro the MurtpagAe at -the time o€ paying the monthly ittsWJrnenht of princip~ and Jntereitt' -
<br />sae-#w~fth of fhe yetrty taxes. sssnts, Hazard insurance premiums. and ground renu (lf any) whidt etaty attt~ a
<br />priatty Darer J11ort~e, tU ac rrassanatsly esti7ttated from Lima to time by the Mortgagee. Tate amounts ao patd a 6e
<br />h!#d by the ~ rrit[sout iRterist and agpfied to the payment of the items in rasped W whletE sue# ~oirttta
<br />dapa~ritid. She arrao~ pakl to ~' hereunder arp piectged as additional reeurlty for the indebtadoeas aecurad bt #hiin
<br />. orshalS trey to it~rtgagee the amount of any deficiency between the actual taxis, aareAmenta, tgatranea
<br />p+taa~ttna arul;ttsuttd etiata sad the depoaJ~ hereunder within tJJ days after demand is made upon Mortgagor aqt
<br />paYttteut tfteretst; -
<br />6. ~speay aaaea Glad rite. To prvmpiJy rc pair,- restore or rebuild any buildings ar improvements aox ru
<br />ap the. ~; !ir ieeirp the Property in gcwd cortdlteon and repair, withcwt waste, and Rae ham mechanic ~ rst
<br />oit~t tarna_noi ~Y suboed(aatrd to the ltvti Jttreot; nest Las makc, suffer or permit arty tsaisa»ee to exist. nor to dltsin-
<br />ar ttlnpgdt tAe valtpe ot. the Prrywrty by at3y ac( of otnlsaion Les asst; and to comply with art re-quirvmanta of }aw with
<br />Y Gr•tltg ~pitrRY•
<br />County,
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