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<br />100754 85 - ;2870
<br />MORTGAGE
<br />11u, MoKga� eakred between
<br />Douglas R. Peter. sea and Tam K. Petersen
<br />(herein -'Mortgages') and
<br />i _ Hus nd and Wife
<br />(herein .>tlortgagee ").
<br />-i-e points Sank
<br />sum of $ j a'1�--e nn� �� , esidanced by MortfagoT's note
<br />is indebted to in the papal and irterest, with the balance of the
<br />dagad ri -5 -85 (herein " Note ") p for payments of principal
<br />if 004 Aux paid. duo and payable � 6 -5-88
<br />provided therein, the payment of All other sums, with interest.
<br />Ter:cow stile paymentof the Note, with interest as p performance of the cotenants And agreements of
<br />aia� 14 to lit the security of the Mortgage, and the peel the following described
<br />the Iif�asrpgar cointamed berein• does bereby mortgage and convey to Mortgagee
<br />property located in
<br />Howard County, Nebraska:
<br />1 ir. Township
<br />k The N,- ,rtheast Quarter iN£i) o£ Section fourteen 114.,
<br />Thirteen 113), North, Range `Per, (10), West of the 6th P.M., in
<br />Howard County, Nebraska
<br />and
<br />one Half interest in the Northeast Quarter(NEI) o Section cTitltre
<br />(30) in Township Twelve (1.?) North. Range lever 1 }.
<br />6th P.M., Hall County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />pertaining thereto, and the rents- issues and profits, reversions and remainders
<br />apparwriasoes located thereon or in anywise g that is attached to the
<br />thereof• including, but not limited to, heating and cooling equipment and such personal Property
<br />itaprtreemeats so as to constitute a fixture: all o[ which, including replacements and additions thereto, hereby declared
<br />to be a Part of the teat Instate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />«party- -
<br />Mortgagor further coteenants and agrees, with Mortgagee. as follows:
<br />1. Payment- To pay the indebtedness and the interest thereon as provided in this Mortgage and the Vote.
<br />2 Titles Mortgagor is the owner of the property, has the right and authority to mortgage the property, and
<br />hereby is a first and prior lien on the property, except as may otherwise be set forth herein.
<br />warrants the the lien created
<br />L The property is subject to a Mortgage wherein _.__ -- ----- -- - - -- -- ` --
<br />County,
<br />is the Morrtgagee, recorded at Book • page — - - -_
<br />of the Mortgage Records of
<br />Nebraska. which Mor4age is a lien prior to the lien created hereby.
<br />Other prior liens or encumbrances :.__..._ -------- - - - - -- - -. - ---
<br />3 T,se,, AweaereatL To pay when due all taxes. special assessments and all other charges against the Property
<br />required under the Note secured hereby, such amount as
<br />writt� demand by Mortgee, to add to the payments
<br />and, upon taxes, assessments or other charges as they become due.
<br />nary, be sufficient to enable the Mortgagee to Pa such
<br />or hereafter located on the real estate described insured
<br />dhehereei
<br />4. lam- To keep the improvements now to the
<br />d>� by fire and such other hazArds as Mortgagee may require, in amounts and with coma companies
<br />the Mortgagee is authorised to
<br />against
<br />KortpW, and with 10116 payable to the Modgtgee. in case of loss under such policies
<br />at its Sol e option, authorized toeithcrapplythe
<br />adjustv tCtllCt and +in its discretion, an claims thereunder
<br />Property or upon the indebtedness secured hereby. but payments hereunder shall con -
<br />pro0eeds lo the restomum of the
<br />mtil the aura, secured hereby we paid in full.
<br />fiaae
<br />anything ewitsired in paragraphs 3 and 4 hereof to the
<br />L ❑ trAsaw For Taxas and lowmaea Notwithstutding Y tug and interest,
<br />time of paying the monthly of
<br />contrary, M 'r liha pay to � Mortgagee at the ) wbipnt
<br />nd rents (i f
<br />QwAveifth of the yearly tutees, yenta. hazard ittsurmtce pre"numis, and ground rents !if any) whilst may attain e
<br />from time to time by the Mortgagee. The Amount sit paid shall be
<br />an as reasonably estimated
<br />o� this Mme• red to the pay to which such amounts were
<br />geld lry merit of the iter,u in respect
<br />Moetpgee without interest. had app!'
<br />for the indebtedness secured by this
<br />r
<br />*!1i
<br />161d by
<br />1W >lanr 1� to Mortggee hereunder are pledged as additional security
<br />pay to Mortgagee the amount of any deficiency between the actual taxes. assessments. insurance
<br />Mart r rusting
<br />is made upon fain requesting
<br />Moallite
<br />� ground recta sod the dep0site hereunder within 10 daps after demand
<br />prey
<br />paymefet thereof.
<br />and Use. 'fo promptly repair, restore' or rebuild any buildings et improvements now or
<br />6. Rep+sir. Mtabrten� and repair. without waste, and free from mechanic's or
<br />~�
<br />�(
<br />irereafter 0st the Property: to keep the property i . good ctmdttiotl
<br />not expressdY subixdinated to the lien hereof; not to nuke, suffer or permit any nuisance to a %1st. nor to dimes.
<br />with ail requirements of law with
<br />ylhcrjit�
<br />or sndpoir the value of the Prrlpatty by any Bel or orrusiixd to act', and to cvampiy
<br />wapret to cite Prl./p�rty.
<br />i
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