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<br />MORTGAGE 89—.. 101003
<br />This Moutgage Is entered into between • Wa yne W_ Hnl-- and , L. Ft d7, himhan and
<br />wife
<br />(herein "Mortgagor") and
<br />Five Points Bank. Grand Island Nebraska (herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee In the principal suns of $ 20.000, 00 , evidenced by Mortgagor's note
<br />dated March 1, 1989 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on March 1. 1994
<br />Tosecure the paymentof 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 Nortpgor contained herein, Mortgagor does hereby mortgage and convey ta,*rfVW the following described
<br />property located in Hall Couatnj, Nebraska:
<br />The West: Thirty -eight Feet (381) of Lot Fifty -six (56.) iii1 >ti "East Ri y =seven
<br />Feet (5791 of Lot Fifty -five (55), Hagge SWae"3Kision,. , Hall County, Nebraska.
<br />Tcgaifltr with all buildings, improvements, fixtures, steeta, alleys, passageways, ememeriM,.sf�hts, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, resyn� ons 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 fracture; all of which, including replacements and additions thereto, is hereby declared
<br />to be it 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 convenante and agrees, with Mortgagee, as follows:
<br />I_. Payment. To pay the indebtedness and the Interest, thereon as provided in this Mortgage and tb' Vote.
<br />7. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Pfagem,"mod•
<br />wamtnts that the lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth kerein.
<br />® The Property is subject to Mortgage - wherein Norwest Bank, NF
<br />Is the Mort
<br />as �8�i8
<br />gagee, recorded at � of the Mortgage Records of Hall tS"ra;�zty, •
<br />Nebraska, which Mortgage is a lien pricrlia the lien created hereby.
<br />0 Other prior liens or encumbrances:_
<br />S. Taxes, Assesezmats. To pay whec d•,ac- all taxes, special assessr=anis and aff alh?r charges against the Property
<br />anal, upon written dernmd by MortWle, to add to the payments required under the N�.w- uopcured hereby, such amount as
<br />may be suffldxyt to en&Ue the MortUre to pay such taxes, assesments or other charges as they become due.
<br />4. li surance. To keep the Improvements now or hereafter located on the real estate desedixd 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 policies 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 reatomdon of the Property or apon the indebtedness secured hereby, but payments hereunder shall con-
<br />tinue- until the sums secured hereby are paid in full,
<br />S. 13 Fserow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 end 4 hereof to the
<br />contrary. Moetpgor 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 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 such amounts were
<br />&pcaite-d. 7W suss paid to Moriptee hereunder are pledged ac additional security for the indebtedness secured by this
<br />Mortgage. Mortgagorshaii 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 ttiereot.
<br />6. Repair, Maintenance and Use. To promptly repair, restore or rebuild any buildings or improvements now or
<br />hereafter on the Property; to keep the Property in good condition and repair, without waste, and free from mechanic's or
<br />otberisens not expressly subordinated to the lien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />,�. Iah or impair the value of the Ptoperty by any act or omission to set; and to comply with all requirements of law with
<br />respect to the Property.
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