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<br />` _ ,rat rr~`_ - - - - -., Pll -
<br />t r*$`d$CSr'`)
<br />~:- -_ i =;~~ at :zip ,~, - ~~~. ~. ~...~i ~-€~ ----_
<br />- C£~1SITLRATit~tl ~~
<br />.'spa Dollars
<br />~~ ~,~,t+~ ;~ advanced by :icrtgaRee to Mortgagor who acknowl-
<br />edges receipt of such same which is evidenced by a promissory note
<br />o` roan date `"the Date") which this mortgage secures the Mortgagor,
<br />jo*~:tly and severally if more than one, hereby mortgages to the
<br />Mortgagee the following described real property situated in the
<br />Ccunty of ~a~?_ State of Nebraska, and described
<br />as fellows:
<br />Lt7f 10, ISIAAiD ACRES, GRANT) ISL1N0. !TALL CCIINTY, NEBRASKA.
<br />Together will ail rants, easements, appurtenances, ~hereditamencs,
<br />interests in adjoining roads, streets and alleys, improvements and
<br />b•.sild-ings of any kind situated thereon and all personal property
<br />that may integrally belong co or hereafter become an integral Dart
<br />of such buildings and improvements, all crops raised thereon and
<br />all water rights benefiting or appurtenant to such real property
<br />(calleLtively „t*:e ?zopezty„~
<br />Korrgagoz covenants with Mortgagee and its sucessors in
<br />interest that (i) Mortgagor holds title to the Froperty in fee
<br />simple and has lawful authority to mortgage the same, (ii) the
<br />Froperty is free of liens and encu@brances except as stated above,
<br />and (iii) Mortgagor will defend the ?roperty against the lawful
<br />claims of any person or entity,
<br />I. PAYMEIiTS. Mortgagor shall promptly sake all payments
<br />:squired under the Yoce and any other instrument securing the Noce.
<br />2. TA,:OrS. Mortgagor shall pay each- installment of all
<br />taxes and special assessments of every kind, now or hereafter
<br />levied and assessed against the ?roperty or any part thereof,
<br />before same becosae delinquent, ~=shout notice or demand and shall
<br />provide *iortgagee with evidence of the payment of same. Mortgagor
<br />shall paw all taxes and assessments which may be levied- upon
<br />Me>rcgagee`s interest- herein or upon the Mortgage ar the debt secured
<br />hereby withcut,reitard to any law that may be enacted imposing
<br />payment of the whale or any part thereof upon the Mortgagee.
<br />' 3. INSURANCE AND REPAIRS. Mortgagor shall maintain fire'
<br />and extended coverage insurance insuring the improvements and
<br />buildings constituting part of the Property for an amount equal to
<br />the actual cash value of such improvements, exclusive of foundations,
<br />but in no event for an amount less than the amour;c of the unpaid
<br />prinicpal balance of the dote. Such iP>surance policies shall Contain
<br />a standard mortgage clause in favor of Mortgagee and shall not be
<br />cazscellable, terminable or modifiable without-ten (10) day written
<br />noCire to mortgagee. Mortgagor shall promptly repair, maintain and
<br />replace the Property or any part thereof so that, except for ordinary
<br />wear and tear, the Property shall not deteriorate. In no event shall
<br />'.~ztgags~r commit ,assts on or to the Property.
<br />~. ~TZ~, ADVA240ES. If the insurance required shove is
<br />~t prtly e~ toted, or if-Che taxes ar special assessments levied
<br />arm assessed against thy: property steal'.. become delinquent, Mortgagee
<br />(utesttear electing to de3:lare the whole mortgage due and collectible
<br />or ^.ct ~ , msr.y, but ;.eed ~:ot. effect such insurance, effect such
<br />apa:.rs, 'pay such t','txea and special assessm.e_nss, and all such
<br />pate =i.~ incirest ti~ermvi~, at the . rgh,esY Iegal re.e ap~iiiea~ie
<br />3~ a ~'~a~ ~s#s` ~-, ~ e ~~rtga~~r is a carparaticsn, .,.
<br />par»ItriTMi~: :z' csher triity at `:e a `ev2.. :ate prrvided ... :::e Note,
<br />fag= k~ .~$ pay~.es~t she?:. be a .ter: ale;:. sc ...^,e '~roperty*
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