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<br />89- 10J4)J)5 •
<br />MORTGAGE
<br />ThisMortpgeis entered ir ;tobetween Bert H. Thomas, a single person
<br />(intern `•MortgsgatY'),anti• �_
<br />Five Points Bank
<br />(herein "t+40r14!e10P4" 1i
<br />Mortgagor is indebted to Mortgagee in the principal sum of $15,,000.00- , eddenced Is!, Xort 40i; note
<br />dated 2`21 -89 (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />Indebtedness, if not sooner paid, due and payable on 2"21"90 .
<br />T- osecure the payment: aP.*e _Note, with interest as #mvided therein, the payment of all other sums,,.wlth intwast,
<br />advanced by Mortgage to of this Morig age,- and- libe,perfomaance of the covenants and agreemanto.of .
<br />the Kortgagor con.. m' f Ihinub' � e,, ar'does hereby mortgage--'r rti convey to Mortgagee*ti 49cizving desedhed•
<br />property. Located in, County, Nebraska:
<br />Lot Twel' ! ?'``an Block Two { 2) Dale. La etsh Second "fir 'T .' to
<br />. -..,� lsion
<br />Ha-11 cout`it,27i'43+ rc ska, being: -
<br />` of the 8-a`st half of Quart- r« .f: - of
<br />Section Fourteen (14) 'Ti wnship '>`'3 n -cn.' (ZI) North, lt3tit t :: Tel . (10 )
<br />"ant of the 6th P.M. ffailZ tic
<br />,county., s�brusv .,a. • -
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions 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 fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be apart 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 />lidortgagdr further courenants and ha , with Mor4pgee, as ioil�iva:
<br />1. Payarienb. To ptt3� the indebtedre 'S- ni the interest thews as provided in this I�Pnz1:t� and the Note.
<br />Z. Title. Mortgagor is the owner of U%-z Property, has the right and authority to martixge the Property, and
<br />warrants that tiro elan created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />O Tiro Property is subject to a Mortgage wherein
<br />It tho PAodppir, •recorded at Book -,Page of the Mortgage Records of County,
<br />N *brash - whirff311Wortgage is a lien prior to tlwvllr ni created hereby.
<br />C Other prior liens or encumbrances:
<br />S. Taxes, Awemmenta Tu iwy wten due all taxes, special assessments and all eUser d,'s rges against the Property
<br />and, upon written demand by Mortgagee, to add to the payments requited under the Note wra ad hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes. assessments or other charges as tki:x- become due.
<br />4. lastrrance. To keep the improvements now or hereafter located on the real &LUU. described herein insured
<br />soutt damage by fire and such other hazards as Mortgagee may require, in amounts and with compantesmeeptable, to the
<br />Mortgagee, and with loo payable to the Mortgagee. In case of loss under such policies the Mortgagee 1s authorized to
<br />adjust, collect and compromise, in Its discretion, all claims thereunder at its sole option, authorized to eitherapply the
<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 paid in full.
<br />S. 0 Escrow For Taxes and Insurance. Notwithstanding anything 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 Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />held by the Mortpgee without interest and applied to the payment of the• items in respect to which such amounts were
<br />L deWdUd. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Mortgage. Mortpgorshall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />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 and Ilse. To promptly repair. rt -store or rebuild any buildings or improvements now or
<br />hereafter on the Property; to keep the Property In gaud condition and repair, without waste, and free from mechanic's or
<br />other liras not expressly subordinated to !!re lien hereof: not to make, suffer or permit any nuisance to exist. nor to dimin•
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<br />• A or Impair the value of the Property by any act or omission to act: and to comply with all mquirements of law with
<br />respertto the Property.
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