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<br />MORTGAGE
<br />89-- 101943
<br />nk M~ Isentend into hiiween. Stewart J. Pascoe and Karen R. Pascoe_ husband
<br />and wife (herein "Mortpgor ") and
<br />Five Points Bank. Grand I eland. Nebraska (hereto "MortIpW" ).
<br />Mortgagor is indebted to Mortgagee to the principal turn of $ 11, 500 _ 00 , evidenced by MgrWVes note
<br />doed 04 -14 -84 (herein "Nord') path Mng for payments of principal and interest, with -the balance of the
<br />tndebiedaas, if not sooner paid, due and payable on 04 -14 -93 ,
<br />Towcare the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by MortSW to protect the security of this Nbrtp p, and the perfornuattki'41tthe covenaats. and agreements of
<br />the Mortpagor. cogtaiaaed herein, Mortgagor does hereby mortgage and caai0__v- 4 z **gag" tbG .following described
<br />property located iii'- Hall County, Nebraska:
<br />The Easterly One Third (E1 /3) of Lot Six (6), Block Fifty .:eve (S5), In the
<br />Original Town, now City of Grated Island, Hall County, Nebraska.
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<br />Together Vfitt ja-Y battEmp, Improvements, fixtures, streets, alleyer_ passageways, easements, rights, privileges and
<br />appurtenances loWed Ikemon ce y anywise pertaining thereto, and the eents,isauet and profits, reversions and se, ndnden
<br />thereof; including, but not limited tcc 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 al&tions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of this Mortgage and all of the foragci ,-g being refe;Ted to herein as the
<br />"ILVilenYy N .
<br />Mortgagor ftrther convenants and agrees, with Mortgagee, as follows:
<br />1. F&$meizt. To pay the indebtedm a and the inte. mst ibereon as provided in Fitt i1(ortgage and the ,Roe r..
<br />2. Title. Mact or is the owner of the Property, has the right and authorit=y i.!*mortJW ttre Property, a ;Zd
<br />warrant; that the lien: seated hereby is a first and prior lien on the Propetty, except as =sy otherwise be set forth herein.
<br />® The Property is subject to a Mortg4ge wherein Five Points Bank, Grand Island, tVe6rle
<br />asa
<br />Is the M as Doc. #87 6025 gW Records of H ty.
<br />a�ctg�ee, reoxded K�fobtu]cx]cYaGltlrtY of the Mort dl,( Caun ,
<br />Nebra b, which Montpspp/ a Is a lien prior to the lien created hereby.
<br />E2 fter prior liens or encumbrances: _
<br />8. Taxes, Ataeasmenta To pay when, due all taxes, special asaRjuments and all other charges aeWst the Property
<br />and, upw written demand by Mortgagee, to add to the paymma(a regc ire3 under the Note secured hereby, such amasnt as
<br />may be., adlIci+ent to enable the Mortgagee to pay such taxes. , asa,&ut*�s u cr other chugs as they becalms die.
<br />4. IitA umv. To keep the improvements now or hereafter locsted on the real estate do -,.re toed herein Insured
<br />sp lot dssarage by fire'an¢ such other hazards as Mortgagee'=y n!q i+e, ih amounts and with companies acceptairle to the
<br />Mortgype.,, and with loss j *yshir to the Mortgagee. In cub of loss under such polieies the Mortgagee is authorized to
<br />adjrat, edteet and eoaapran w, in its discretion, All ;Elora thoMader at its We option, authorized to either applly the
<br />ptooeeds to the restacklo i of the lroperty or upon the indebtedness teetered hereby, but payments hereunder shall con-
<br />tine • until the some grouted hereby are paid in full.
<br />L O Faerow For Taxes and Ineuranee. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary. Mortgagor shall pay to the Mortpgee at the time of` paying the monthly iautailmenta of erdneil -0 and Interest,
<br />one-twelfth of the yearly taxes, assessments, hazard insurance premiums, and pound rants (if any) which may attain a
<br />priority over this Mortpge, all m reasonably estimated from time to time by the Mortgtpre. The amounts so paid shall be
<br />hdd by the Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />depwited. The sutra pptd to galls -We. heee!uruLar area psMg—ed as aMiltters l t.=st:tty for by this
<br />Mortgtlge. Mortpgorshall pay to Mortgagee the amount of any deficiency between the actual taxes, assesaments, insurance
<br />premiums and pound rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />i. Repair. ifaintenanee and Use. To promptly repair. restore or rebuild any buildings or improvements now or
<br />beredier on the Property; to keep the Property in good condition and repair, without waste, and free from mechanic's or
<br />other Hens not expressly subordinated to the lien hereof; not to make. suffer or permit any nuisance to exist. not to dimin-
<br />ish or impair the value of the Property by any Actor omission to act; and to comply with all requimments of law with
<br />respect to the Property.
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