|
a
<br />MORTGAGE
<br />102615
<br />This Mortgage is entered into between _._Kenn
<br />_ E- . A
<br />one- twelfth -of the yearly taxes, assessments. hazard insurance premiums, and ground rents (if any) which may attain a
<br />(herein "Mortgagor "land
<br />._ _- (herein "Mortgagee ").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 90-000.00 , evidenced by Mortgagors note
<br />dated -MiLy i6,, 1 086 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on. Nove.Dlbgr_ 10. 1966
<br />Td secttr`e the psymentof the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced hy, Mor%pgee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mottgagor caitained herein,' Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in ._- _i1a11.____ _ _ County, Nebraska:
<br />Lot Three (3), in Block Five (5) Brentwood Subdivision, in the City of Grand Island,
<br />Hall County, Nebraska.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents issue, and profits, reversions and remainders
<br />thereof; including, but not limited to, heating and cowling equipment and such personal property that is attached to the
<br />improvements so as to constitute a !Fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />..Property"
<br />Mortgagor further convenants and ai rees, with Mortgagee, a, folioxs:
<br />1. Payment. To pay the indebtedness and the interest thereon as provlaed In this Mortgage and the Note.
<br />2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants that the lien created hereby is a first and prior Gen on the Property, emi-pt as may otherwise beset forth herein.
<br />CJ The Property is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Book - ---- __ -- -. , Page -_ _ - __ of the Mortgage Records of -__- --_----_—_—County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby
<br />0 Other prior liens or encumbrance: --.---_--------,--
<br />3. Taxes, Aiisessmerts. To pay when due all taxes. special assessments and ail other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />A. insurance. To keep the improvemeirts now or hereafter located on th.• ,eal estate described 'herein insured
<br />against damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and with lost payable to the Mortgagee_ in case of loss under such policies the Mortgagee is authorized to
<br />adjust, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized to eitherappfy the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con -
<br />drive until the st,= secured hereby are paid in full.
<br />5. U Facrew For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and d hereof to the
<br />contrary, Mortgagor "I pay to the Mortgagee at the time of paying the monthly installments of principal and in Wrest,
<br />one- twelfth -of the yearly taxes, assessments. hazard insurance premiums, and ground rents (if any) which may attain a
<br />ptiority over this Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />held by the Mcirtgagre without interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. The sum paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />'WIN,
<br />Mortgage, lllorttwit m] pay to fstortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />f
<br />prerniums and ground rents and the df- prtcits hereunder within 10 days after demand is mad^ upon Mortgagor requesting
<br />)*
<br />payment therri*C
<br />�}
<br />�$
<br />b Repair. Malatenaaee and (Ise. To promptly repair, restore or rebuild any buildings or inlamrentents now or
<br />hereafter on the Property; to keep the Property in IcKO condition and repair, without waste, and fire from mechanic's ar
<br />xherii,.ra nut raprraely wNwdinated to tow lien hereof: not to make, suffer or permit any nuisance to exvst, nor to dhnin�
<br />iatt or lrnpaif the salue of the Proprrtt by any act or ornmi mi to act; and to coryipiy with All ri-quirenlenL, of law with
<br />rr,gX,kt t9i 0W Propr rlA
<br />
|