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MORTGAGE 86-- 104999
<br />This Mortgage is entered into between John J Bode and Virginia M. Bade husband
<br />and wife _ u , (herein "Mortgagor") and
<br />City National Bank and Trust Company, Hastings, Nebraska (herein "Mortgagee ").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 61, 379.97 evidenced by Mortgagor's note'
<br />deed September. 1, 198fherein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on September 1, 1981
<br />To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />'the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to :Mortgagee the following described
<br />property located in Hall County, Nebraska:
<br />Commencing at the Southwest corner of Section 6, Township 9 North, Range 10,
<br />West of the 6th P.M., Hall County, Nebraska, thence North along the West line of
<br />said Section 6, a distance of 3,447 feet, plus or minus, to a point;
<br />thence east along a line parallel to the South section line of said Section 6
<br />a distance of 3,932.83' to a point; thence South along a line parallel with L the
<br />West line of said Section 6 a distance of 60 feet to a point; thence West along
<br />a line parallel with the South line of said Section 6 a distance of 350 feet
<br />to the point of beginning:
<br />Thence South on a line parallel with the West line of said Section fi a
<br />distance of 131 feet to a point; thence westerly 225 feet along a line to a
<br />point; thence North a distance of 131.34 feet along a line parallel with the
<br />West line of said Section 6 to a point; thence east a distance of 225 feet
<br />along a line parallel to the South line of said Section 6. to the point of beginning;_:
<br />together with all improvements.
<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 issues and profits. reversions and remainders'
<br />:thereof; including, but not limited to, heating and cooling equipment. and such personal, property that is attached to the
<br />improvements so as to constitute a fixture; all of which. including replarement9 and additions thereto. is hereby declared
<br />to he 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 covvenants and agree., with Mortgagee. as follows
<br />1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2. Title. Mortgagor is the owner of the Property, has the right and authoritti to mortgage the Property, and
<br />warrants that the lien created hereby is a first and prior hen on the Property_ except as may otherwise be set forth berein_
<br />❑ The Property is sub,ect to a'Mortgage wherein
<br />is the Mortgagee. recorded at Book - -- , Page .___._._.. of the Mortgage Records of
<br />Nebraska, which Mortgage is a hen prior to the lien created hereby
<br />ll Other prior liens or encumbrances'
<br />3. Taxes, Assesanents. To pay when due att taxes. special assessments and all 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 />4. insurance. To keep the improvements now or hereafter located on the real•rstatr 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 loss payable to the '.Mortgagee. In. case of loss under such polities the Mortgagee is authorized to
<br />adjust, collect and compromise. in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder, shag con-
<br />- unue until the sums smurrd hereby are paid in full.
<br />5.:-i Facrow For Taxes and insurance_ Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />Contrary, Mortgagor shall pay to the Mortgagee at the time of paying the monthly installments of principal and interest.
<br />onr-twelfth of the yearly taxes. assessments, hazard insurance premiums, and ground rents fif arty] which may attain a
<br />priority over this Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be%
<br />held by the Mortgagee without interest and applied to the payment of the items in respect to which swat amounts were
<br />deposited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Mortgage. biartga=orahali pay to Mortgagee the amount of any deficiency between the actual taxes, as s. tricnt+ insurance
<br />premiums and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />&. itepatr, Maintenance and t1w. Top promptly repair, restore or rebuild and;- buildings or tntpru }rrr oiL, rely or
<br />bxrvaftcr on the Property, to krrp the Property it g,xrd condition and repair, without waste, and frre• from rr erhantr', of
<br />,Kher lens tint oxpremly €utwrohnatrd to the lien hereof: non to make. surfer or perm it any nais.'ano— o —itcsr_
<br />- - - - - - alb of tmparr the *slut rd the Propertc by sn} act of "MI-ton to art, suit 'to etomply —th ail rs'ejuvernur,ta rJ 1�' . ,t.h
<br />era prtt it, 1hv N,h twrtt.
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