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<br />MORTGAGE '8.9`102876
<br />This Mortgage is entered Into between Larry D. Cook and Janet K. Cook, Husband
<br />r _ and Wife -� T - - - --
<br />(herein "Mortgagor") and
<br />(herein "Moripgee ").
<br />Mortgagor Is Indebted to Mortgagee in the principal sum of $ 35,428.79 .
<br />,evidenced by Mortgagor a Hate
<br />dated 5/30/89 (herein "Note ") providing for payments of principal and Interest, with the balance of the
<br />indebtedaeae, if not sooner paid, due and payable on- 5128/94
<br />Tosecure the psyrnentof the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Ha11 County, Nebraska:
<br />Lot One (1) and the North: 12' of Lot Three (3), Block Twenty Four (24)
<br />University Place, an Addition to Grand island, Hall County, Nebraska
<br />Together with all buildings, improvemettrru, axtures, streets, alleys, p*mugeways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the renttu, issues and profits, reversions and remainders ;
<br />_......, s...,...,....ttd .if; �iritli,r iwo tou+rng rquipmens and web -Wmud pjlW tY tMt-Ii REt jL+,ed j6 6-
<br />imPrumments so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby dedand
<br />to be a part of the real esttnte sccssrcd by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />••property"•
<br />Mortgagor further convnnants and agrees, with. Mortgagee, as follows: .
<br />1. Prit rent. To pay the indebtedness and the interest tkrecten as provided in thin, Mortgage and the Note.
<br />2. Title. Mortgagor is the owner of the Pt bperty; ham ihe' right and a:tthority th meortgage the Property, and
<br />Ararraats that the lien cm hereby is a first and Oijor lien on the property„ except as may otherwise be set forth herein.
<br />: 2tk The PropettY is subject to a Mortgage wherein Five Pofnts Bank
<br />Doc. i87 -10� . b the Mo rp9te, recorded at9i
<br />of the Mortgage Records of Hal. Hall County,
<br />ebzasics,.v►hich Mortgaga.is a lien prior to the lien created hereby.
<br />O Other prior liens or encumbrarim -,
<br />3- Taxes, Aaasariaaents• To pal.. when due alt axes, special asses m*nts and all other charges against the Property
<br />and., upon written demand by Mortgagee,, to add to the payments, requixed milder the Note secured hereby, such amoumt as
<br />. may be sufficient to enable the Mortimeeto pay such taxes, assessments or other charges as they becorr;e due.
<br />4. insnrance To, keep the imptovemeasts.now or hereafter located on the real estate des lii6i'- J�eiein igsured
<br />a9sinst damage by fire arid:sikh other hazards a s.bibrtgagee may require, iii. mounts and with Carr; jr tacoeptahle to the
<br />' Mortgagee, and with loss payable to the Mo4itaee. In case of loss under such policies the Mortgages is •autho'e -ze, to �
<br />adj<tat, collect and ax►mpromise, in Its discretion, all claims thereunder at its sole option. authdriaeotgeither ipoy the
<br />pr+ WS& to the restoration of the Property or µpon the indebtedness secured hereby, but payment i; heeteunder shall con-
<br />tinue nnW the sums secrtred hereby are paid it) W.,
<br />S. 0 Escrow For Tastes and insurance. Notwithstanding anything contained in paragraphs 3 'and 4 hereof to the
<br />contrary. Mortgagor shall pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one-twelfth of the yearly Lies, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />Priority over this Mortgage, all a< reasonably estimated from time to time by the Mortgagee. The amaU'ir so paid shall be
<br />l+*id by the Mortgyer without interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. The 11121116 paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />LMortgage. MortWorandi pay to Mortgagee the amount of any deficiency between the actual taxes. assessments, insurance
<br />premiums and ground tents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />6. Repair. Maintenance and Use, 'to promptly repair, restore 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 mechanic's or
<br />lithe? i!un..s not e„gre---ly zwbmd;matcd to ilit• lien hereof; not to maize, suffer or permit any nuisance to exist, nor to dimin-
<br />ish or Impair the value (if thk, mopt•rty by any act or omission tr, art; and to comply with all requitements of law with
<br />rn•Lp(t•t U) the Prerp;-rty.
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