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<br />MORTGAGE
<br />' ibislrt~isentendintobetween Growth Management Corporatjog
<br />(herein " lifotgagW') and
<br />FIVE POINTS BANK (bstein "Mottpi�le").
<br />llfortgagor k: Indebted to Mm4We In the principal ram of 50.000.00 , evidenced by Mortpgoe's now
<br />dated 2 -1-89 (herein •'Note") pro iding for payments of principal and interest, with the balance of the
<br />itndebtedeess, if not sooner pshl,.due said payable on 2 -1 -43
<br />Tosseure the ps4 nw" of .the Note, %ith interest as provided therein, the payment of all other sums, with interest,
<br />atdvaaoed' by Mori gaj�e to protect the security of this Moitisge, and the performsitw of the covenants said agpeements of
<br />the. Nortgsgor Contained• herein; 3d6r4p gor does hereby nw tpp tai convey to Mortgagee the following described
<br />Property -located: id&:., . "Hall Qqunty, Nebraska:
<br />Dour ' (4) , Bloc] Nine 0) , . dontinental Gardens of
<br />Lot ii3r t': 3,
<br />-Block Nine „(g), Continental. Gardens, an Addition
<br />.to a City of Grand Island, Hall Count_j.t, . Nebraska.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, ruts, privileges and
<br />appurtenances located thereon or in anywise.pataining thereto, and the rents, issues and pro5ta,teversiom and remainders
<br />thereof; including, but not limited to, heating and coding equipment and such personal property that is attached tothe , ;,
<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 red estate secured by the lien of this Mortgage and all of the foregoing being referred to herein: aitbe
<br />,iPtoixrtyft•
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<br />Mortgagor further con"nants and agrees, with Mortgagee, as krsws:
<br />1. Payment. 7g, pay the Indebtedness and the interest thereon as provided; in• this Mortgage and tae Pint;!.
<br />2. Title Me- tgagor.is'lhe owner of the property, has the 60C authc*it'y to mortgage the Pmpet:,y,and
<br />warrants that the 04v created hereby Is a CAI; and prior lien on the VOp6MY, except as may otlArw1w be set forthlterelrL
<br />0 Ilse Property is subject to a Mortgage wherein
<br />is thierMiaxtgagee,recorded at Book , Page ... of the Mortgage Records of County.
<br />Nebno", whkb is a Ilen prior to the lien created hereby.
<br />O Other prior liens or encumbrances:
<br />8. Tuxes„ Annsmeets. To pay wtmi due all tares, special assessments and all other elm"i apeiixt: the Property
<br />anal, upon written demand by Mortgagee, to add tothe payments required under the Note secured hereby, tufsh atmount as
<br />maariasuftkient to enable the Mottgagee.to pay such tors, assessments or other chug” as they become due.
<br />d: lamWee. To keep the improvements now or hereafteyr. (Qeated on the real estate described herein Insured
<br />sgsiMt dmw by lire said 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 toss under such policies the Mortgapae is authorized to
<br />adjust, collect and compromise, in its discretion, all einims thereunder at its sale- option, authorized toeitherapplythe
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tinue until the sums secured hereby are gild In full.
<br />& G Escrow For Tarsus said lowranee. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor shall pay to the Mortgagee at the tithe of prying the monthly installments of principal and interest,
<br />aae-twelfth of the yearly !surer, sewn mmu, hazard insurance premiums, and ground rents (if any) which may attain a
<br />Velocity. lover this Kaetnr, Of M wow a hly estimated ham time to time by the Mortape. The amounts so paid dub be
<br />Geld by the Mor*We without interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. 1U sans paid to Nortps jn hereunder an pledged a additional security for the indebtedness secured by this
<br />I Mortgage.ldorkft eshall pay to MortMw the amount of any deficiency between the actual taxes, assessments, Insurance
<br />tr•�. premilems said yousd rents and the deposits bereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />6. Repair, Maistesarsee and Ilse. To promptly repair, restore or rebuild any buildings or improvements now or
<br />11*malter on the Property; to keep the Property in good condition and repair, without waste, and free from mechanic a or
<br />athetilrns not expeenly subordinated to (lie lien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />M of Impair the value of the Property by any act or omission to act; and to comply with all requirements of tare with
<br />respect to the Property. i
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