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<br />MORTGAGE 89--102079
<br />This MorWW is earned into between • Gordon Eric Janes and SVjyin Kai Stnll lnnpcS
<br />husband and wife (herein "Mortgagor") and
<br />Five Points Bank_ Grand Island. Nebraska (herein "Mortgagee' *),
<br />Mortgagor is Indebted tat Mortgoe In the principal sum of g 111,142-nn , evidenced by Mortgagor's note
<br />dated Spa nmt%&r 1 , two "Note") providing forpayments of prindpd and intemt, with the balance of the
<br />indebtedaess, it not sooner paid, due and payable oa Sepijein6r 1. 1992 ,
<br />To secure the payment of the Note, with interest as ptavided therein, the payment of all other sums, with interest,
<br />adunced by Mor4W to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Yortpagor caaU and herein, Mortgagor don hereby, morgW and convey to )i[citjW the following described
<br />pe+operty loested in ,F38 County, Ndbrmta:
<br />A tract of lard cemprlsing a part of the South"st Quarter of the - Sdutheast Quarter
<br />(SUSEU of S.ection Twenty (20), Township E14ven (11) Nokh, Range Nine (9),
<br />West of the Pik; P.M.: Hall County, Nebraska,-,'. more particularly described as follows:
<br />Beginning at a�.'point on the Southeasterty Hn of Del Monte Avenue, said � Ant
<br />being Five Hundred .:Sixty (560) feet southwesterly from the northwesterly .Dinner .
<br />of Lot One (j), Block Five (5), Bel Air Addition to the City of Grand Island,
<br />Nebraska; th ce running southeasterly paralleF_ to the southwesterly line of
<br />Lot One (1),"a distance of One Hundred, Twenty -Six (126.0) feet; thence running',
<br />southwesterly paralii k to the southeasterly line of Del Monte; Avenue, a distance of
<br />Sixty -eight (68.0) fit; thence running northwesterly parallel to the southwesterly
<br />line of said Lot One 0), a distance of One Hundred Twenty -Six (126.0) feet; thence
<br />running north easterly along amt.id' upon the southeasterly line of Del Monte Avenue,.
<br />a distance of _Vxty- eigbit (68.0'$ 'feet, to Ahe place:, of beginning. `..;
<br />Together with all buildings, improvemmsla, fixtures; streets, alleys, passagewsyfi, easements, rights, privileges and
<br />appurWnances loaned 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, ertripment and such personal property that is attached to the
<br />Improvements so as to constitute a fixture; ail of which, including replacements and additions thereto, is hereby dedared
<br />to be a part of the real estate secured by tta lien of this Mortgage and all of the foregoing being referred to herein as the
<br />Mortgagor furthereonvenants and agrees, with ]Mortgagee, as follows:
<br />1. rayme a%;r Tb pay the indebtedness and the interest thereon as provided in this Mortgage Vad lire !%ote.
<br />2. 7111e. Ycdgagor is the owner of the Property,.bas thetithtsttd authority to mortpV..11.z fftoperty. and
<br />wamatg that the lien created b*reby is a first and prior lien on the Property, exce-�t. w may otherwise be set forth herein.
<br />O The Property is subject to a Mortgage wherein
<br />is the Mortgagee, mcorded'at Hook , Page of the Mortgage Records of County,
<br />Nebrub, which Mortgage is a lien prior to the lien created hereby.
<br />O tither prior liens or encumbrances:
<br />3. TYares, Asenu r bi. To pay when due ail taY s, special assessments and all other charges against the Property
<br />and, Wish written demand by Mortgagee, to add to. the qr menu required under the Note secuml hereby, such'amount as
<br />May sufficient to enable the Mortgagee to pay sudi. tarns, assessments or other'ebarges as they W=e due.
<br />4. lirmmoe. To keep the improvements now ar hereafter located on the real estate described herein insured
<br />agaiasl dsaaage by fiWand such other hazards ai Mortgagee may require, in amounts and with companies aeceptable to the
<br />Mortflaree, and with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjust, collect and, compromise, In its discretion. W claims thereunder at its ade option, autborizedtoeitherappiy the
<br />praxeds to the restoration of the Property or upon the indebtedness secured hereby, but payments humdersaali con-
<br />tinue, until the sums secured hereby are paid In full. -
<br />5. O &erow For Tastes and Irmusnee. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortguor shall pay to the Mortggon 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. 71re amounts so paid shall be
<br />held by the Mostpgee without interest and applied to the payment of the items In respect to whkh such amounts were
<br />deposited. The sums paid to Mortgdee hereunder are pledged ae additional security for the indebtedness secured by this
<br />Mor&SW. Mortgagor shall pay to Mortgagee the amount of any defidrney between the actual taxes, assessments. irUumnoe
<br />L prendums and ground tents and the deposits hereunder within 10 dayA after demand is made upon Mortgagor requesting
<br />pryaaeut thiereot
<br />t;. Repair, Maiatettanoe aid lire. To promptly repair. mton 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 mechanics or
<br />otberlkns not exprnsly subordinated to the lien hereof; not to maize. suffer or permit any nuisance to exist, nor tcs dimin-
<br />ish or Impair the value of tier Property by any act or omission to st4; and to co ply with all rr*quirermpnts of law aith
<br />respect to the Property.
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