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<br /> - MORTGAGE �O .�.�;1 O O e�s�
<br /> � 'jffis Mortgage is entemd into between �C1 W_ Runc� and Mar� Eilen Ru�.p,f hus6and
<br /> an urifp (herein"Mortgagor")and
<br /> �lv.3 °a:;l#� 88:�::� ;�s.—..'�. 2sl�:t�. �tt2brasZ:3 (}terei�"irtorigaeee"�
<br /> " Mart�ar is indebted to Mortgagee iA the principal sum ot� 12,Oa0_DO ,evldenced by Mort�s�or's note
<br /> ��d Januar� 16, 1990 (herein"Note")providing for p�yutenis of pnncipat and interest,wlth the balance of the
<br /> indebtedness,ii aot sooner psid,due and payahle on- .la_��ar� 19, 1995 ,
<br /> 'Ib secure the payment of the Note,�vith interest u provIded therein,the payment of all other sums,Aith interest, •
<br /> �dranced by Mort;a�ee to prcte�t the'securtty►oi this Martg�ge,and the pertorn�ance of the covenu�k+and agreemeats of
<br /> tAe Mortga�or contAined herein,'Mbrt�a�ox dces her�by mortgage and convey to Mortgagee the following described
<br /> pmperty located in H��� County, Nebraska:
<br /> Lot Five (5), l� Biock Nine (9�, in Ashton Place, an Addition to the Clty of
<br /> Grand Island, Hall County, Nebraska.
<br /> Together with a!!builtlings,improvements,fixtures,streets.elleys,p"��eways, easements.rights,privlleges and
<br /> appurtenu►ces located thereon or in anywise pertaining thereto,and the rents.issues and profits,reversians and nmaindeta
<br /> thettof;iaeiuding,but not limited to,heating and cooltn�equipment and such pe�sonal properiy that is attached to the _.
<br /> - itnpzoveu�enl8�o� tu cuustitute a tixtuee;ati of whlch, including rept�cemenLs and a8ditions thereto,is htreby declared -
<br /> to be s p�tt of the real estate secured by the lien ot this Mortgage and�nll ot the for�going being referred to heiein as the
<br /> "proP�rtY"• ,v.
<br /> Mortpagor farther con�enants and agrees.with Mortgagee.as follows:
<br /> 1. Paymea�. To pay the indebtedness and the intemst themon as provided in this Mortg�ge and the Note. '
<br /> Z. Tltk. Mortga�or is the owner af the Properiy, has the right and suthority to mortg�ge the Property,and
<br /> �vanants th�t the llen created hereby is a first and prior lien on the Property.except as may otherwise be set forth hetein. ' •
<br /> � The Propertyr is subject to a Mortgage whereln�Bri.O.�Midland Bank ``
<br /> is the Mo es Doc. �87-104228 _ ,
<br /> rtgagee,reoorded!� 7Hg[ __of the Morlgage Records of Hal I County,
<br /> Nebtaska,which Mort�age is a lien prior to the lien created hereby.
<br /> C7 Other prior liens or encumbrances: _ ^
<br /> 3. Tutes,Asee�tnenb. To pny when due all 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 aufScient to enable the Mort�agee to pay such taxes,assessmenfs or other charges as they become due.
<br /> 4. Inau�ace. To keep the improvements now or hereafter located on the real estate descr�bed herein insured
<br /> a�inst dama�e by 6re and such other hazards as Mortgagee may require.in amounts and with companies accepisble to the
<br /> Mort�ee, aad wiW lu�s pay�tble to the Mort�angee. In csse of loss under such policies the Mortgagee is authorized to
<br /> adju=t, colleet and eompromise,in its discrPtion,all clttims thereunder at its sole option, authorizedtoeitherapplythe
<br /> � pe�oaedr�to the rectontion oi the Praperty ar upon the indebtedness secured hereby.but payments hereunder shall con- ,--- ----___
<br /> tinue uatU the sums securnd hereby are paid in full. •
<br /> 5. O P.scrow For Taxet and Inaurance. Noiwithstandln�anything contalned in paragraphs 3 and 4 hereof�to the
<br /> contnry,Mortgagor bhall p�y to the Mortga�ee at the time of paying the monthly instaliments of priacipa!and interest,
<br /> _ one-twelfth of the yearly taxes,assessments.huard insurance premiums,and ground rents(if any)which may attain a ��,.
<br /> __ �1Ha�(ity oveY ttii8 Mol'tp�,all aa reasonably estimated from time to tirae by the Mortgagee.The amounts so paid shall be N�
<br /> ---- � iteld by the Mort�aQee withottt intereat and applied to the p�yment oi the items in respecE to which such amounts wern •
<br /> deposited. 'Phe sums pajd to Mortga�ee hereunder are pled�ed as additional secudty for the indebtedness secured By this `�"
<br /> ___ __ Mort�a�e.MortQagorahall pay to Mortg�gee the amount of an,y detciency between the actual taxes.assessments, insurance v.
<br /> ° premiunrs and ground tents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting n
<br /> _-=�� payment theceof. �
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<br /> :,;�•+�' 6. Repair,llf�intenance end Use. To promptly repair.restorr ot rebuild any buildinqs or improvements now or �
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<br /> _f�f•�� hereafter on the Property;to kc�ep the Property in gaod condition and rFQair,without waste,aad frne Prom mechpr.ir's or
<br /> .-_r,�li�t� e�iher{iens nol expressly subordinated to the(ien hereoi;noi to make�sufter or pe�mit any nuisancs��o c�xist,nor�c�dimin•
<br /> I�;�i� isb or impaur the vxlue of the 1'roperty by any aci or umission Yo art: and tu rumply with aU reyuimmimis oi lew w�th
<br /> . °jr�r n�sp�ct tu thr F'roperty. �
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