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<br />MORTGAGE 89-- -1015$1
<br />71& >i[o~ is entered into between Sohn' H. Ma►tthes aryl Lin to K. Hoover Hatthes
<br />' {herein •`Martga� ") and
<br />FIVE hat MS . BANK
<br />(herein "Mort W1&).
<br />Mortg " is indebted to IdMpre in the pdndpel gum of $ 70,000�go , evidenced by uortbagot'a**w- guaranty
<br />dated 3/28/89. .(herein "Note") proviftg for payments of rind
<br />p psl•and interest, with the bulanae'of Rho
<br />indebtedrtesa, if rot soom paid, due and payable on 4/5/1999
<br />To secure the paywat of the Note, with interest as provided therein. the payment of all other sum, with interest,
<br />advanced by Mortpgee'to protect the security of this NWtgage, and the performance of the covenants and speements of
<br />tL-- Mortlprpr contained herein, Modgsgor does hereby n►aatgage and convey to Mortgagee the following described
<br />property located in Hall County, Nebraska:
<br />Lots Seventy -five (75) and Seventy -six (76) of Belmont Addition to the City:bf
<br />Grand island, Hall County, NE
<br />Together with all buildings, improvements, fixtures, streets, alloys, pxmsagewv. s, easements, rights, privileges and
<br />appurtenances located therew or In anywise pertaining thereto, and Ilia rend;. issues and profits, reversions and remainders
<br />thereof; including, but not limited to. heating and coding equipment and such personal property that U attached to the
<br />Improvements so as to constitute a fixture; all of which, including ropiaeaments and additions thereto, is hereby.declared
<br />to be a part of the real estate secured by the lien of this Mortgage and alf of the foregobg being referred to herein as the
<br />lVliattgagor durther convEtrtp and aeeg. with Mortgagee, as follows:
<br />' '$; Payiraent
<br />-:To pay the ihdebtednmv Ard the interest themon a.: provided in this Mortgage and the Note.
<br />Alortgagn is the owner of the Fwpertyy, has the right and autha .ty to mortgage the Property, and
<br />wari Miz,that the lien created busby is a first and prior lien on the Property, exaegt;xi may otherwise beset forth herein.
<br />10 7b Prope'ro,, is subject too Mortgage whoreiri ' Equ3*a„le RL" 1 ;PingQli0an ASM13 _
<br />is the Mortgagee, recorded at Book , Page of the Mortgage Records of ma.i______,, .; County,
<br />Nebraska, which Mortgage is a Ilttr, prior to the Hen vresird hereby.
<br />0 Other prior liens or et <<ttmrrancgs: ____ -
<br />3 Taws. AsaessmealL To pay Wan due all taxes. special assessments and all other charges Manst the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be sufficient to enable the MortgaW to pry such taxes. assessments or other charges as they become due.
<br />d. Inormce. To keep this improvements now or hereafter located on the real estate described 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. std with loss payable to the Mort Vw. In case of logs under such policies the Mortgsgee'is authorized to
<br />adjust, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized toeitherappiythe
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con -
<br />Umw UAW the sums secured hereby are paid in full.
<br />S. Cl ir'acraw For 'Cates and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Nloetgslior shall pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />ora4wdM of the peaaly taxes, aaaesantents, hazard insurance premiums, and ground rents (if airy) which may attain a
<br />priority over this NWrtgage. all as reasonably estimated from time to tine by the Mortppe. 7be amounts so paid shall be
<br />is" by the MetrRglMw. wj±r.Ot!t int t ? and applied is Lew P=y nt of the item in :aspect to which s;teh t1rj10 ji* vrete
<br />deposited. The sum& paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Mortgage- MortgagorgtWl pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />permiums and gmund rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />Payment thtrtor.
<br />6- Raptor, Mahtteeame and Use. To promptly repair, restore or rebuild any buildingi or improvements now or
<br />heir. after on the Property; to keep the Property In good condition and repair, without waste, and tree from mechanic's or
<br />otherfiens not expressly s:iboMinsted to tits lien hereof; not to Mute. suffer or permit any nuisance to exist, nor to dimin-
<br />ish or impair the value of the Property by any act or omi!nion to act; and to comply with all requirements of lav, with
<br />trgwct to the hopert-J-
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