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<br />MORTGAGE 89-- 101649
<br />°l kMor*, Wis#saedintobetwan avid ,J Me-Mr,ilen and ndkhr,3 t_ UrPA.a1tan,F
<br />hs,ehnnd and wife (hardn "Mortgagor") Anil
<br />(� -Rye Points Bank. Grand Island_ Rebraska (bereln "Mom +l).
<br />Nortgap is indebted to UntilW in the principal suns ors 40.000.00 , addam*d by Mortgagor' *cafe
<br />iabad March 27, 1989 (hem -Note l pmriding for payments of principal sad interest, with the belance of the
<br />indeb"ses, it not sooner paid, due and payable on. June 26- 13th;
<br />Tosecure the payment of the Note, with intaresi sr' 06vdded theists, the payment of all other am, with intro a,
<br />adanced by Moetp pe to protect the aeeutity of this NbMM; and the perforomm ot the covenants and agreements of
<br />the X0r*W contsined herons, Mortgagor d .i i>s r tpgr ad convey to 114m:tpgee the following described
<br />prvprnt i irrcated is Hats Cmwty, Sebruka.
<br />Lot Rft , US , Block "E ", in Parkvie*- .:subdivision, in -tnie city of Grand Island,,`.,
<br />Hall Cbuniy,.. Nebraska.
<br />'ioVther with all buildln*,,Iipprovememis,.'fljituir�, ooeats,allvrs, ; sways, easements, rights, privileges and
<br />appurtentttces located thereon or In anywise pining thereto, and the nuts, issues and profi%rte pirsions and remainders
<br />thereof; Including, bull not limited to, heating and cooling equipment and such personal property ' *W.'� d attached to the
<br />improvemmis so as to constitute a fixture; all of which, lududint replacements and additions theretb, ,U bonby devised
<br />to be a plat of the real estate secured by the lien of thi3 MwtVp and all of the foregoing being referre.4 fta them as the
<br />Mortgagor T=Oer convenants and agrees, with Mortgagee, as follows:
<br />1. Payment: To pay the Indebtedness and the interest thereoc as yeovided in this Mortgage and, the NgEe
<br />.&. Title. Mizm4agor is the owner of the Property, brs the AgItttand authori6, to mortgage the Froperilyr;,;trtd
<br />warrants that the lhrw,zmwed hereby Is a first and prior lienon.the Fropay, except as may otherWim be set forih herein.'
<br />O The Property is subject to a Mortgage wherein
<br />is the Kic*Vjee, recorded at Book , Pqe of the Mortgage Records of
<br />Nebraska. rrbich NWtgage Is a lien prior to the lien created hereby.
<br />O Other prior liens or encumbrances:
<br />3. Taxes. Asearments. Ta pay 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 to the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes, maessments or other charges as they become due.
<br />4. Iiorraoce To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by fiWand such other hazards as Mortgagee may require, In amounts and with companies acceptable to the
<br />Mortpgee, and with toas payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />ad*k collect sad compromise, in its discretion, all claims tberounder at its We optioa, authorised to either apply the
<br />proceeds to the restoration of the Ftoperty or upon the Indebtedness secured hereby, but payments hereunder shall con-
<br />tinue, until the suns secured hereby are paid in full. .
<br />S. 13 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, hazadd insurance premiums, and ground rents (if any) which may attain a
<br />priority over this Mort". all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />bold by the Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. The suss psM to Mortis hote�!rrder fire &-4rd ns add-i0ona-1 s .. *_y for the tQdbtedneas secured by this
<br />ll;ortm. Mortgegorthall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments. insurance
<br />L pemiums and ground rents and tM deposits hereunder within 10 days after demand Is nude upon Mortgagor requesting
<br />peyrment thereof.
<br />ti. Repair, Maiatessa■ce aaA 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 />otherliens not expressly subordinated to the lien hereof; not to make. suffer or permit any nuisance to exist, nor to dimin-
<br />ish or impair the value ur the Property by any act or omission to act; and to comply with all requirements of law with
<br />reWet to the Property. ,
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