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<br />~~'°' ~ ~ ~ 3 ~ ~ MORTGAGE
<br />This Mortgage is entered into between GENE E DAMGUDE and DORIS J DAMOUDE Husband
<br />and Wife
<br />(herein "Mortgagor") and
<br />THE OVERLAND NATIONAL BANK OF GRAND ISLAND, Grand Island, Nebraska (herein"Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 40.000.00 ,evidenced by Mortgagor's note
<br />oared. 3une 27 , 1979 (hereto "Note") providing for payments of principal and interest, with the balance o[ the
<br />htdebtedaesa, if not sooner paid, due and payable on AUgUSt 26, 1979 -
<br />Tosecure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advatteed b} Idortgagee to protect the security of this Mortgage, and the performance of the rnvenanm and agreements of
<br />the origaSai contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />~__,_,
<br />property located in na t ~ County, Nebraska:
<br />Lot Nine {9} and the Westerly Forty Two and Fire Tenths Feet {42.5')
<br />of Lot Eight {8) in Ed Ross Subdivision No. 2 in the Northeast
<br />Quarter (NE;) of Section Two(2), Township Eleven {11) North, Range
<br />Ten (lU) West of the 6th P.M., Hall County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />ttppmtenances located thereon or in anyviee pertaining thereto, and the rents, issues and profits, reversions and remainders
<br />th~of; iacladiteg, but not limited to, heating and cooling equipment and such personas property that is attached to the
<br />tnapro~emenis so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the teal zsmte sewted by the ties of this Mortgage and all of ttte foregoing being referred to herein as the
<br />,.-
<br />Mohr hnther oDnsertaats grid agrees, with Mortgagee, as folloves:
<br />L PtryrsKnt Tb pay the indebtedness snd the inteta-t thereon as provided in this Mortgage and the Nate.
<br />L Tithe. 1~CcxtgagD,i is tae owner of the Property, has the right and authority to mort~ge the Property, and
<br />warm9a that the lien created hereby is a first and prior lien as the Propem, except as may otherwise be set forth hetrin.
<br />Q The Property is subjem to a Mortgage wherein
<br />la t~ ~""Tf°'-, I!l!fKded at iiaak , r7g2 Df she Eortgage Recvr~ of Tw+vrr.j',
<br />Nabeakt, which Maztp`ge ffi a }ten poor to the irea created hereby.
<br />l3 ONrer poor liens or
<br />$. T$ea, Asaeasmeats. To pay xheo due alt taxes, spedal assessments and aN other charges ageiast the Property
<br />sad, anit[et: demand by Mortpgee, m add to the payments required under the Note secured hereby, such amount as
<br />r5tp be str~sient to enable the biartgagee to pay such taxes, asizssrrients or other ebazges a the.- bettsma due.
<br />i To keep the irrtptt+~menm soar ar hereafter tasted an the real estate described bereia insured
<br />uproot by fire aed saeA other haaards as ce may requite, in amounts and with carrpanies acceptable w thr
<br />and witlt boas payable to t®e Itdortgagee. is ~ of Ions under such palitses the Mortgagee is authotiaed to
<br />adjsat, t axul ~mrrdae, ~ its discretiaa, ri! claims tberetrador at its sole option, autboriaed to rithrr apPty the
<br />ptocea~a fm the tioa of She Property os upon the indebtedness secured hereby, but payments trereutrdcr shall con-
<br />- ~ flee airs sersxted berry are paid is lull.
<br />S. ^ Eaaaar For fiaaa aaad lit. Notavtthstanding anyrhing contained in paragraphs 3 and 4 hereof to the
<br />eaatraty, lYalatipt~er aim pap kt the» at the tune of paying the monthly ittsialltnenm of principal and interest,
<br />aae3ralflh aX the yady laurel:, sta. harard im~utance premiums, and ground ream (if any) which tray attain a
<br />Ply Q~ #~ . a~ #t tea&q~hty idimated from time to tisae by the liartpgee. Tax atnounm so paid shun be
<br />1>~ by the sd$tolK iterest a:rd applied to the payment of the items in respect to which such amounts were
<br />dapt+aRai. 'file ~ pahllo iksrtp~gee hereasder err pied ~ additloasl setvdty for the indebtedness secured by this
<br />Iir~ya,Sioe-~t~Or}igApr~~o~urtpq~se t~ meaoant~au~ dc?leie~ney betarern the actual taxes, assesatnenm, irtsurauce
<br />per nsid'~ tmti grad the ) ~iittri~ 10 daga altar deman3 is made upon Mortgagor requesting
<br />6. $a~aeao?.Use Ta promptly rrpait, testorn ar rebuild any brildinga or improvemenm now ar
<br />Letedt~ tra t>x Po~g; is krie¢ Lhe Psapart-~ h! gaood condition and repair, without waste. and free from mechanic"s or
<br />diaatSeas nAt ~p ttd to #~ lien heteoC not to matte, suiYer ar permit any nuisanrn to exist, nor to dimin-
<br />iah tilt imQadr the vdaa cf iha 1'1' b"9 say act ar omtasion to act; and W comply with alI requirements of taw with
<br />respec! to the P[cperty: _ - -
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