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MORTGAGE 8g..,.- 14196
<br />l7di]Epe4Wiseobed into 6etweea Renald G. •2nrn and Bonita _t_- inrn. hischand
<br />and wife (h4Mn "Mortgagoe) and
<br />dive Pioints Ban grand "Istand. Nebraska AA (heteiih °gdortpg{ee' +),
<br />Mortgagor is isdsbted to Morilispe in the principal sum of $ gddmcW by Mortgagors note
<br />dded. -- 04 -1 b -A9 fherein -NOW„) polding for payments of principal and inures!, witb the balance of the
<br />isd Wduess, it not sooner paid, dhss and psysMe on at► -12 -42 . .
<br />1b secure the poyaWt of tine Note, with bttesest as provided therein, the payment of all other snnn, with interest,
<br />advoseed by Uot%"o to ptobat the ae moty of this Mortgage, and the per(9pm oa of the'covenwts and agreements of.
<br />dw MortMK contained barein, Mortgagor don- hereby mortgage and convey to Mortyee the following deacrlbed
<br />prqpeity located In Hail qty, Nebraska:
<br />Lot Eleven (11)., Block Sixteen (16), Ashton Place, Grand I Wid, Hall County;
<br />.Nebraska.
<br />- w
<br />Together with aFL•ii tidings, improvements, g ees, streets, alleys; pw ageways, easements, rigft* privileges and
<br />appurtenanors located tbetieon or in anywise pertaining thereto, and the rens' asues and profits, reversion'.ds and remainder
<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 />ft� be a part of the real estate scarred by the lien of this Mortgage and all of the foregoing being referred to herein as the --
<br />�`Ilirpperty ". - --
<br />Moda_,wor further convenants and agrees, with Mortgagee, as follows:
<br />I!, Ihleyanas . To pay the Indebtedness and the interest - Upreon as provided in this *ttgage and the Note.
<br />2,''!iAL, ' M09MLor is the owner of the PrWrty, has the right and,."*odty to mortgage the ftoperty, and
<br />Vat f ' p "es tbaW iiNv iron cnat,td hereby Is a first and prsaz lien on dke Proper y, oxwpt as may otherwise ?set forth bereln.
<br />43 'A9Ate.iP'ropeny is subject to a Mortgagew`*ereln H•_wM Fnripral Savings F. ILAan Aran -
<br />Is the Mo tgagae, worded at Book t WA , Pap 377 of the Mortgage Records of Hall O ;ty,'
<br />Nebraska, which Mor4WU. a lien prior to the lien created hereby.
<br />V Cklhef prior eA--,sorencumbrances: Grand island .Trust. QQC. d 0052 s, iWgd.fd TR
<br />3. Taxes,'AareaamentL To ps;? wi`, Wi sfJie.•;iti taxes, spmaiai assessments and all other charges against the Property
<br />and, upon written demand by Mort#W. to add to the paymenia, rk uired under the Note r+ tired hereby, such amount as
<br />may be sufficient to enable the Mortgagee to py such taxes, tale m4.nts or other charges dla Mey become due.
<br />4. Iiraoranoe. To keep the improvements now or hereafter located on the real estate descril ad herein insured
<br />a/ inst, damsp by flre'and such other hazards as Mortgagee may require, in amounts and with comparlesweeptable, to the
<br />Mortgagee, and. with loss payable to the Mortgagee. In case of lots under such policies the Moitpipe is authaO:,Pd to
<br />adjust, cdle4 and ootnpromiae, In its dimratlon, all claims thereunder at its sole option, authorized to either apply the
<br />Pion taeia to the restmdon of th* Property a upon lire indebtedaen wemod hereby,.but paymenU itafeunder shall con-
<br />' iihiue• until the sums eecnred hereby are paid in M.
<br />ti. O Escrow For Taxes and Insurance. Notwithstandinganythingeontained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor "I pay to the MortgWe at the time of paying the monthly insWlmenta of principal and interest,
<br />one twalith of the yeatiy taxes, wessments, hazard insurance - premiums, and ground rents (if any) which may attain a
<br />priority over this Mortgage. all as reasonably estimated Odom time to time by the Mortgagee. The amounts so paid shall be
<br />bead by the Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. TIM sunk paid to Mortappe hereunder an pledged as additional security fee the indebt!dnees waved by this -
<br />Mortgagr. NdxtgayoriW pay to Mortgagee the amount of any deficiency between the actual taxes, asessments, insurance
<br />pe aiums and pound rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />t Repsk, Maintmanee and Uw. To promptly repair, restore or rebuild any buildings or Improvements now or d.
<br />hereafter on the Property; to keep the Property in good condition and repair. without waste, and free from mechanic's or i
<br />other litres not expressly subordinated to the lien hereof; not to nuke, suffer or permit any nuisance to exist. nor to dimin• , •!
<br />isb or impair the value of the Property by any act or omission to act; and to comply with W requirements of law with d
<br />respect to the Property. `
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