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<br /> _ �B-.rJa14�?
<br /> , .SECOIID MORTGAGE
<br /> - � ThisMorpgage is.entered into between MARVIN-G. SWANSON AND KATHLEEN M. SWANSON,
<br /> � Husband and WifE ' (herein•`Mortgagor")and
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<br /> ;'- ' ,,,;.THE OVERLAND NATIONAL:BANK- OF GRAND ISLAND (herein"Mortgagee").
<br /> Mortgagor is indebted to Mort�agee In the p=incipal sum of$ 2 r 5 0 0.0 0 �evidenced by Mortgagor's note
<br /> March 10, '1 8.
<br /> dated �erem"Note")providing for paymenis of principal and intArest,with the balance oP the
<br /> indebEedness,it notsooner paid,due and payable on MaY'Ch 5, 19 8 0 :
<br /> r• - To secute t6epaymentof the Note,with Interest as provided therein,the payment ot all other sums,wit6 interest,
<br /> sdvanced by Mortgegee to protect the security of this Mortgage,and the performance ot the covenants awd agreements ot-
<br /> kbe Mortgagor conta3ned herein, Mortgagoz dces hereby mottgage and convey to Mortgagee the followfrtg described
<br /> Property locatedin Hdll County, Nebraska:
<br /> - Lot Twenty—Four (24) , R and B Subdivision, Ha11 County,
<br /> Nebraska
<br /> Togethet with all buildings,improvements,txtures,streets,alieys,passageways, easements,rights,privileges and
<br /> appurtenances located thereon ot in anywise pertaining thereto,and the mnts,issues and profits,reveisions and remainders
<br /> ��- thereof;including,but not llmited to,heatlng and cooling equipment and such peisonal praperty that is attached to the .
<br /> '; � improvementa so as to constitute a iucture;aU o[which,including replacements and additions thereto,is hereby decla[ed ;
<br /> to be a part o[the real estate secured by the lien ot this Mortgage and alt of the foregoing being rn[erred to hernin as tde
<br /> "proPetty'.'
<br /> t�' Mortgagor[urther convenants and agrees,with Mortgagee,as follows:
<br /> f ' 1.Paymeak To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br /> 2.Title_ Mortgagor is the owner o[the Property,has the right and authority to mortgage the Properiy,and
<br /> watrants that the lien created hereby is a Gtst and prior lien on the Property,except as may otherwise be set forLh herein.
<br /> f �'Eae Property is subject to a Mortgage whernin
<br /> � is the Mortgagee,rncorded at Book ,Page ot the Mortgage Records of Hal l �Ouaty�
<br /> i . Nebraska,which Mortgage is a lien prior to t6e lien created hereby.
<br /> ; � ❑Other prior tfens or encumbrances:
<br /> �.�_ � �
<br /> c. _3.1's:ec,Assessmente: To pay when due all taxes,special asaessments and all other charges against the Property
<br /> and,,upon written demand by Martgagee,to add to the payments required under the Note secured 6ereby,such amount as
<br /> mey be suffefent to enable the Moctgagee to pay such taxes,asaessments or other charges as they become due_
<br /> , 4. Iosucance. To keep the improvements now or hereatter located on the real estate described hemia insuced
<br /> _. .
<br /> ; , a�inst damage by 6re and auch other hazards as Mortgagee may require,in amounts and with companies acceptable to the
<br /> Mortgagee�and wlth lo�payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to'
<br /> ' _adjust,:eollect aad comptomise,ln its discretion,all claitns thereunder at its sole option, authorized to eitherapply the
<br /> �- ,� . -gmceeds.to the reatoratlon ot the Propetty or upon the indebtedness secured hereby,but paymenta hereunder shall con-
<br /> tinue nntll fhe sums secured hereby are paid in full.'
<br /> ry.c. .- , . . .
<br /> � :f .`�._ ,,S:;Q Eeccow,$or T�oces and:Inwuance.,;Notwithntanding_anything contained[n paxagraptts 3 and 4 hernof to the
<br /> ,, . °contrary,;Mott�agor s1�a11-pay to Ehe:Mortgagee at the time of paying the-monthly'3nstallmenb of principa!and'inEerest,- '
<br /> y,'::`-, �onrtwelfth;of..the.qeulY-:taxes;a�s�n4nts;bau;d insurance premiums,and gcound rnnts(if auy)which may attain:a
<br /> �i pnonty over mis 3Korigage,all as rea�sonably estimated fr�om,Hme to t[me 6y the Mortgagee:The amounb so paid shall be -
<br /> he�d by!the MorLgagee withont inbezeat,and Iled to the
<br /> r app payment of tlie items tn respeet to which such amounts wern
<br /> ; P' depo�te�The sums�paid to,Mortgagee:hereunder ace piedged as additional aecurity for the indebCednesssecured by this �
<br /> � L�� �b�ortgaQe�'btort�ago�shal(pay,to`Mo�tgagee khe:amoun�of,any detidency be�ween the actual'taxes,assesaments,;ipa�uance
<br /> �� �:: � pr`emfums,pnd gronnd reot�etld the depoaits�e7ceunder wlthin 10'days atter demand Is made upon Mortgagor requesting
<br /> t� t3r..n' :,W�'menkthereoL .
<br /> 5 , .. ��`. ." :.�. ''.., �. ��.:_ " �.:'. . .��' .�� ..; � ., � . �' � .
<br /> B-�ltepair>Mainteaance and IIre To p;ompHy repair,restoze or rebWid any bulld(n�or improvements now or
<br /> � 4preaMer u?!the�PtopertY to`lceep the-PtopeLCy.ii►good conditton and repair,wlthout waste,and fzee from mechanic's or
<br /> "oth�tHens no�e�tpteY`siy sitboidinste8 t'o"the ifeiatlereot,'nok to malie,sutfer or permiC any nuisance to exist,nor to dimin-
<br /> , iett ot�impeiX•thr iaiiie bf tlie Property-by atiy;act or omission to,act;and to cotttply'with all xequitements o[law with
<br /> "� � `respect;to:tde PcaPertY.. . `.. � . ,, .
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