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<br />r►s©RMAGE 89-100578
<br />ThlaMortgagebenteredintobetween Patrick L_ Fitzgeraid and Rita A- FlIzaprald,�_,_
<br />13Yr-baIL and wife (herein "Mortpgoe') and
<br />1 Five Points_ Rank-, rrand islands Na�hranka "l K e• +),
<br />Modpgor is Indebted to Moe4W* In the pdrtdpal sum at $ S. 290. as , evideneed by Wrtgagor'a note
<br />din ad t=ahrsary_ 3„ 1 Qlto(berein 0 ~1) providing for payments of principal and interest, with the balance of the
<br />Indebtedness, if not sooner paid, due and psyabie on -- Frthrriarr:g RO 19.411
<br />To taaare the porment of the Note, with interest at 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 llfortp pr contained herein, M~r does hereby aodpre and convey to Mor4W the following described
<br />property !ogled in Hall County, NeDnaka;
<br />Lot Eight `8), in Knickrehm Eighth Addition to the City of Grand Island, Hall
<br />County, Nebraska.
<br />Together with all building, improvements. fixtures, streets. alleys, passageways, easements, rights, privileges and
<br />ayppurtsnareas locsied thereon or in anywise pertaining thereto, and the rents, beans and profits, reversiom and remainders
<br />. . -. - -1 w.1..3„w�i•••, � but not 1 wift—A .In ea :nw wr. ar"dinw &s.inrn&n# *s•d nsah tiwnwal pr-VW-
<br />moments so as to constitute a fixture; all of which, ineluding.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 />Mortgagor thither donvenants and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />L Wk. Mortpgoe 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 Hen on the Property, except as may otherwise be set forth herein. �.•
<br />0 7W PkQperty b subject to a iVlorrtt��a�ee wherein Five Points Bank, Gran leland, NF
<br />as Doc. #88— O 315
<br />is the Mortgagee, recorded iK of the Mortpgr Records of Hall County,
<br />MbnWU6 which Mortgage is a lien prior to the lien created hereby.
<br />O Other prior Hens or encumbrances:
<br />S. Two, Assessments. To pay, when due all taxes, special araiaaantento and all other charges against the Property.
<br />and,, upon written, demand by Mortgagee, togadd to the payments'regdi3red under the Note secured hereby, such amount as
<br />may be mMcisnt to emable the Mortgagee to pry such taxes, aMwssaients or other charges as they become due.
<br />4. liencaoa. To keep the improvements now. or 7yeftafter located on the real estate descrbbed f..wnin Insured
<br />agalnat damage by fire'and such other hazards as Mortgagee may regclire, in amdiunts and with companies acceptable to the
<br />Mortgagee, and with loos payable to the 1Vlortgegee. In cane of low under such policies the Mortgagee is authorized, to
<br />adjust, collect and a mpremise, In its discretim, ail daimo thereunder at its sole option, authorized to either apply the
<br />pmweeds to the reatmdon- of the Property of upon tiny ludebledsia secured bemby, but payments hereunder dW col :
<br />tinge* until the sums secured bereby are paid in full. -
<br />L O ):screw For Two mad lawnriinee. Notwitbstandh4quioing 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 />one twelfth of the yearly taxes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />priority over this Mortpp, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />held by the Mor4w without interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. The stems paid to Mortgagee•beremnder are pledged as additional security for the indebtedness secured by this
<br />Mottgagt. Mortgagorshall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance �
<br />L premiums and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />6. Repair, Maintenance sod Use. To promptly repair, restore or rebuild any buildings or improvements now or P-
<br />hereafter on the Property; to keep the Property in good condition and repair, without waste. and free from mechanic's or
<br />other Hens not expreisly subordinated to the lien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin•
<br />tsh or Impair the v* -? of the Property by any act or omission to act; and to comply with all requirements of law with Y
<br />respect to the Property.
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