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<br />MORMAGE 89_- 100083
<br />We M~ is entered into between Stephen D. )iornady ---_- _
<br />lhm*ln "Mortgagor ") and
<br />THE OVERLAND NATIONAL. BANK OF OR= ISLAND (herein "Mortgagee").
<br />MortWor is indebted :tQ.vpnp ee. Is the pdad pa! stun of s 0-0 ,•, evidenced by MortgaAc s note
<br />dated. Aamaky 3a, M (hawin "Noss+ ") proviAhs for payments of principal and interest, with the balance of the
<br />htdebtednerR, if not sooaar paid, due and payable an Jate!M 3g 1994
<br />To acm the FwMentot the Note, with interest os provided - therein, the payment of all other atrttts, with interest,
<br />adeaaeed,by. Mortppe to protect the security of this Mort", and the performance of the covenants and ap- �vnset Wat-
<br />the Moitillagor conta bbd herein, Mort fagor does hereby mortgage and convey to Mortippe the following ds i#tu4
<br />property located in Hall County, Nebraska:
<br />Lot One (1) of Park Gardens Fifth Subdivision, an Addition
<br />to the City of Grand Island,, Hail County$ Nebraska. :>
<br />CASH
<br />REFUNDS:
<br />CASH
<br />CHECK
<br />- -- = 7�wthws- tt}th wil .Futi d��� i, ►t� ►ywt�i• ►lac fivb -. g1�°ejc�«iJew nwe.w.r•mrue, s. • t ^. site s� ri •w•e. •
<br />-ei S`aen -riate is rl�'.h- ....!' Lt — —
<br />appucteq lowied thereon govt or in anywise pertainiq thereto, and the rents issues and profits. reversions turd remainders
<br />thereof; fad' wing, but not limited to. heating and cooling equipment and such personal property that is attached to the
<br />itteprovements so as to constitute a fixture. all of which, including. To. placements and additions thereto, is hereby declared
<br />to be a part of the teal estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />.
<br />Mortgagor further coneenants and agrees, with'Rehpilee. as follows:
<br />i. Payment. To pay the indebtedness arzct qte iit_te , t .tht=04 aa: provided in this Mortgelp and the Note.
<br />2. Title. 111ortsew s the owner of iftie; Pt'Rpere ''has the right and authority to mortgage the Propel, and
<br />warrants that the lien created iFeteby is a first and plgor tfe r;dn the Property, except as may otherwise be set forth herein.
<br />fl The: ftoperty is auOkk to a Mortgage - wherein
<br />is t11e:. scnrded at Book , irage . _._.: of the Mortgage Records of County,
<br />Nebiid4is;`wh'i � �Rortga�e• is a lien prior to the Gen creaw"d' hereby.
<br />❑ Otheijitor liens or enqumbrances: _ .
<br />•
<br />Taxes, Aaeassmerttir. To pay when due all takes. special assessments and all other charges againit the, PCppetty
<br />slid, ttpon_wrSEten iran3 by Mortpjee, tp adrt:io the payments required under the Note secured hereby. such am,6im : as
<br />may be4ifficient t6inible, the Mortgagee to:pa such taxes, assessments or other charges as they become due.
<br />A itoia mao. To 'keep -the. improvements trik ,ot hereafter located on. the real estate described hei+gi insured
<br />arr*44aui* I* ltre ind suok_other hazards as Mort en may require. irk arnow_isand with companies acceptable.to the
<br />Mortolise, aad,%ifth ton piyable to the l)fortgagee. A:,case of loss under such Oolicies the Mortgagee Is authorized t*
<br />adjust, edilect joct'oomprombe. In Its disk*f inn. ail claims theteunrler•at its sole option. aut f7diedtoeitherapplythe•,
<br />protxeds to theIiIVS toration of the Propbrty or upon the indebtedness secured hereby. but pay'd*nts hereunder shall 0*,.-
<br />thi a r, until the sum secured hereby are paid in full. '.
<br />iii ?•ag[Ow For Tana and Ltsurance. Notts ftbSunding anything contained in paragraptw) ,, and 4 i%ereof to #6
<br />contrary,, shall pay to the Mort at the "tits itfi pay irg the monthly installments principal and interisC,••
<br />one- twelfth of • .'yearly taxes, assessments.: hazard •i'4s rinee premiums. and ground rents (it- arty) which may attain a
<br />Priority over this Mortgage, all as reasonably estimatee°firrbn time to time by the Mortgagee. The amounts so paid shall be
<br />held by the Modptilee without interest and applied to i6i payment of the items in respect to which such amounts were
<br />deposited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />MorWV. >Mfortgagorshall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, Insurance
<br />Premiums and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />6. Repair. bfatintenant* and Ube. To promptly repair. restore or rebuild any buildings or improvements now or
<br />hereafter on the Property; to keep the Property In good condition and repair, without waste, and free from mechanic's or
<br />otherliens not exprvuly subordinated to the lien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />Ish or impair the value of the Property by mvy act or omission to act; and to comply with all requirements of law with
<br />respect to we Property.
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