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<br /> , . MORT(3A(3E ��:-- _-•------
<br /> ��. -
<br /> � ��� �
<br /> This Mortgage is entered into between Ricky A. and Patricia � �-_�_
<br /> � ' A. Kershner, husband and wife (hezein "Mo=tgago�") and the l� C� :K'`�°��'�
<br /> v� . .:�--
<br /> , City of C3xand island, a Municipal Corporation (hereix� � " ''''"",'nT
<br /> • � "Mortgagee") . �d .� - _
<br /> ° Mo=tgagor is indebted to Mortgagee in the pYincipal aum of T_ �:,._
<br /> � � �' $25,000, evidenced by Moztgagor's note dated February 29, + h`"'`�"
<br /> r:�--
<br /> " 1992 (herein "Note"i providing fo= payments of principal and � � ___ ._��-
<br /> ' interest, with the balance of the indebtedness, if not sooner =�--;"___ _
<br /> ° , paid, due and payable on June l, 200? . �,, • �
<br /> I..�4:
<br /> " To secure the payment of the Note, with interest as provided = �—
<br /> , therein, the pr�yment of all other sum3, With interes�, ���`:.'' � =���.� -
<br /> • advance d by Mor tgagee to pro tec t t he s e c u r i t y o f t h i s � ��^��
<br /> " Mortgage, and the performance of the covenants and ag=eements � �
<br /> of the Mortgagor contained herein, Mortqagoz does hereby '"� '
<br /> �. '
<br /> _ -- mortgage ar�3 cur�vey tu �tortgage� tt►a fallawtng desczibed - k
<br /> � property located in Hall County, Nebraska: � . t
<br /> ° Lot Seven (7), Hlock Five (5), John Voitle's Addition to � ��� *
<br /> the City of �3rand Lsland, Hall County, Nebraska � .
<br /> Together with all buildings, improvements, fixtures, streets, '
<br /> alleys, passageWays, easements, rights, privileges and E" �•"�'''.;� '"
<br />'� appurtenances located thereon or in anywise pe=taining � _ .
<br /> thereto, and the rents, issues and profits, reversions and , : �_;
<br /> remaindezs thereof; including, but not limited to, heating ; '.:��-:_
<br /> and cooling equipment and such personal property that is � ,:;;,�__
<br /> attached to the improvements so as to constitute a fixtu=e; i ' • �'•�-_
<br /> all of which, including replacements and additions thereto,
<br /> . � is hereby declazed to be a pazt of the real estate secuzed by _
<br /> ' the lien of this Mortgage and all of the fozegoing being �
<br /> referzed to herein a� i:he '•P=opezty". � '
<br /> Mortgagor further covenants and agrees, wi th Mortgagee, as „_;,� .-
<br /> � follows: � - .• •
<br /> , � ..
<br /> , l. Payment. To pay the indebtedness and the interest
<br /> thereon as provided in this Mortgage and the Note .
<br /> 2. Title. Mortgago= is the owner of the Property, has the
<br /> , right and authority to mortgage the Pruperty, and varrants
<br /> that the lien create�3 hereby i� .� fi=st and prio= lien on the
<br /> � Property, except as may otherwisN be set fo=th herein.
<br /> Othe= prior liens and encumbrances: None
<br /> . 3. Taxes, Assessments. To pay when due all taxes, special
<br /> � assessments and all other charges ay3jn�t t.h� Property.
<br /> 9. Insurance. To keep the impruvemer►ts now or hereafter
<br /> located on the real estate described herein insured against
<br /> damage by fire and svch other hazatds as Mortgagee may
<br /> � require, in amounts and with companies .�cc��ptable to the
<br />. ! u....1...�....,, nri �ri {�l. 1.�cac r»v�l-�l.a Fn 1-h.� MnY1't'ial7PP . TIl C:a-75B _
<br />� ��vr�.yaw.y.....� .°...... ..��" ��...� C�.t...��� �_ _.._ ..'_ _+��_ _ . . .
<br /> of loss undP* sach pvlictc�� the Mortga�ee is authorize3 to
<br /> adiust, collect and comprumise, in its discretion, all claims
<br /> thereunder at its sole uptiun, authorized to either apply the
<br /> proceeds to the restoration of the Pruperty or upun the
<br /> indebtedne�s s��cuied hc�Leby, but payments hrrrunder shall
<br /> ; continue until tt�e sum� sec:uted t�ecet�y .�xe pai3 in Eull.
<br /> I
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