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MORTGAGE 89— 10273! This Mortgage b entered Into between ✓ o5 -Cp/le oa'� �� w _!`'��o"' i� 't--' , ng_at _ (herein "Mortgagor ") and 1 tiAAl/4 L. ,SA.W J_f 0 e � �e C a Zkm l ' it Sf ;g�wtA (herein "Mortgagee" ). Mortgagor is frtdtbted to Mortgagee in the principal sum of i � Idenced by 1110rt4290ea note datedo& I- M &ae J (herein "Note ") providing for payments of principal and interest, with the balance of the Indebtedness, it not sooner paid, due and payable on To secure the paymentot the Note, with Interest as provider) therein, the payment of all other sums. with Interest. advanced by Mortgagee to protect the security of this Mortgage. and the performance of the covenants and agreements of the Mortpgor contained herein, lifortgagor does hereby mortgage and convey to Mortgagee the following described property located in 11211 County. Nebraska: North fifty two feet (N 521) of Lot lour (4), 131mk Eight (R) Packer and Barr addition. Tppether with all buildlap. j.mprovements. fixtures. streets. alleys. passageways. easements, rights, privileges and appurtenances located thereon or 16 anywise pertaining thereto, and the rents, issues Sad profits. reversions and remainders thereof; Including, but not limited'to, heating and cooling equipment and such personal property that Is attached to the Improvements so as to constitute a fixture; all of which, Including replacements and additions thereto, b hereby declared to be a part of the real' estate secured by the lien of this 'Mortgage and aii of iine fowguing Ring iefe ■:c : to ho- in = the Mortgagor further convenants and agrees, with Mortgagee, as follows: 1. Payment. To pay the indeb -_ dness •rd the interest thereon as provided in this Mortgage and the Note - 2. Title. Mortgagor is the owner of the Property. has the eight and authority td mortgage the Property. and warrants that the lien created hereby h a first and prior lien on the Property. except as imay otherwise be set forth herein. O The Property is subject to a Mortgage wherein b the•Mortgagee, recorded at Book , Page , of the Mortgage Records of _.County, Nebraska. which Mortgage is a lien prior to the lien created hereby. O Other prior liens or encumbrances: & Taxes, Awssments. To pay when due all taxes. special assessments and all other charges against the Property and. upoa written demand by Mortgagee, to add to the payments required under the Note secured hereby. such amount as rnav be suftlelent to enable the Mortgagee to pay such taxes. assessments or other charges as they become due. 4 Tiamoce. To keep the Improvements now or,hereafter located or. the real estate described herein insured si&nzi damage by flsr= wd such other hazards as Mortgagee may require, in amounts and with companies acceptable to the Mortgagee, and wiih Qioyt payable to the lifortgopt. In case of loss undett such policies the Mortgsgee is authorized to adjust. collect and wropromise, in its discretion, all claims thereunder -st its sole option, authorlradto either apply the proceeds to the restdration of the Property or upon the indebtedness secured hereby, but payments, hereunder shall con- tinue unfil the sums secured hereby are paid in full. 'S. O Escrow For Taxes and Insurance. Notwithsfiniingsoything 'oautpIne 3 and 4 hereof to the contrary, Mortgngor•shall pay to the Mortgagee at the time of paying t!(;itsoasl�►u n oTprincipal and interest. one-twelfth of the yiariy taxes, assessments. hazard insurance premiutm, an�"if`tflllr any) which may attain a priority over this Mortgage. all as' time reasonably estimated ham e to time by the Mortgagee. The amounts so paid shall be held by the :� without interest and applied to -the pays ent of the items In resp(ct to which such amounts were deposite&.71he toons.paid to Mortgagee hereunder an pled;ped as additional security for the indebtedness secured by this Mortgage. Mortgagor'shall pay to Mortgagee the arrmunt of any deficiency between the actual taxes. assessments. insurance psemiumsi and ground rents and the &"its heninder *11hin 10 days after demand is made upon Mortgagor requesting payments- thereof. 6. Repair. Maintenance and Use. To promptly re;ali, restore or rebuild any buildings or improvements now or hereafter on the Property; to keep the Property in g(xid condition and repair. without waste, and free from mechanic's or other liens not expmsly subordinated to the lien hereof; not to make. suffer or permit any nuisance to exist. not to dirrmm• nth or impair the value of the Property by any art or omiWon to act. and to comply with all requirements of law with M;pact to the 1 0;WrtV. r. 7