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MORTGAGE
<br />89-- -- 102878
<br />This Mortgage is entered into between Davi ..LStar.og-1KA . & Christine A._ Starostka r husband
<br />wrld wi_[G. end Denny _ R. Starostka s & wife,
<br />= Janet L. Starostka, husbanAhereln "Mortgagor ") and
<br />Five Points Bank, -Gran. d island, Nebraska _ _ _ _ _-(herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of 81 a 500.00 , evidenced by Mortgagor's note
<br />dated -Mali 25 - 198 _ . (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, it not sooner paid, due and payable on__ Mwr._b.,, 1994 ,
<br />advanced b Mons thVyntaMtd 4> oinlARtR as provided therein, the payment of all other sums, with interest,
<br />Y rtga arc of tlNs liltortgage, and the performance of the covenants and agreements of
<br />the Mortgagor con oo rolis� 1te Y mortgage and convey to Mortgagee the following described
<br />property located In-Mail ,.•.,. v..,.�:..�.+� •- ..
<br />County, Nebraska:
<br />The Westerly One Hundred Fifty Feet (150) of the Southerly One Hundred
<br />Eighty Three Feet (183) of Lot Seventeen (17), Block One (1), In Stewart
<br />Place Subdivision, In the City of Grand Island, Hall County.- Nebraska.
<br />Together with all buildings,, Improvemenlc. fixtures, streets, alleys, passageways. easements, rights, privileges and
<br />appurtenances located thereon on in anywise pertaining thereto, and the rents issues and profits, reversions and remainders
<br />- thaewnr. •ad�.di w i...e ...., It •te a'. � . •. - - -
<br />S »-- ,....ttf, .....,...t..i t..t.. wi iiei'siirt iu,v'coortna equipment and such p�erswt&I- property that Is itt�Clietl to fife --
<br />improvements so a to constitute a fixture; all of which. Including replacements and additions thereto. is hereby declared
<br />to In a part of the feat esiate secured by the hen of this Mortgage and all of the foregoing being referred to herein as the
<br />Property ,-<
<br />Y�
<br />Mortgagor further convenants and agrees, with Mortogee, as follows: ;
<br />L Payment.. To pay the indebtedness and the interest thereon as prgvided tothis Mortgage and the Note.
<br />2. Title. Mortgagor is the owner of the Property. has the right and; authority to mortgage the Property, and
<br />warrants, that the lien created hereby is a first and prior lien on the Property, except ass may otherwise be set forth herein.
<br />Cl IMe Property is subject to a Mortgage wherein
<br />is the Mortgagee. weotded at 13ook T_ .1'lage ____ .__ .. of the Mortgage Records of County,
<br />Nebraska; iiihich Mortgage is a lien I nor to, the lien created hereby.
<br />U Other prior liens or encumbrances:
<br />3.
<br />Taxes. As isisments. lip pay when due all taxes. special assessments and all other chargci'against the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note Secured hereby. such amount as
<br />may be sufficient toesaibte•the Mortgagee to pay such taxes, assessments orother charges as they become due.
<br />'-& Imo' To keep. the improvements now or hereafter located on the r.eal•estate described herein inpured
<br />against dMrmage, by fire and suds: otla*r hazards as Mortgagee may require. in amounts:Slid` With companies acceptable to the
<br />Mortgagee, and with loss payati(L `to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjust. collect and compromise, in its discretion, all claims thereunder at its sole option, authorized to eitherapply the
<br />proceeds to the tatoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />Unue until the sums secured hereby are paid in full.
<br />S. 0 Escrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />MUM, (Mortgagor shalt pay to the Mortgagee 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, an as reasonably estimated from time to time by the Mortgagee. 'kite amounts so -pidd shall be
<br />bold by the Mortgagee without interest and applied to the payment of the items in respect to which such anuuints were T
<br />deposited. 'fie sums paid to Mortgagee hereunder are pledged w additional security for the indebtedness secured by this �(
<br />irfortptgr. Mortgagor shall pay to Mortgagor the amount of any deficiency between the actual taxes. assessments, insurance `
<br />premiuts and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof. r. jl
<br />i. Repair, ltisintenaaee and (tae. To promptly repair, restore or rebuild any building, or improvements u"w or
<br />hertsftet are the Prcipt sty, to keep the Property in good reindihon and mpair, without waste, and free from invehante's or
<br />,mh"ltt,m nut exprrsaiy ^.U"irdin:ted (+, the lien hereof: not to make; stiffer or permit an) numanri. to exilt, 1101' ►o damn
<br />i9h or impair the vtilu.- of the FYuperty by any art or ontisV,ton to get, and to comply with all r"- quimnients of lei, with
<br />respect to the vroprrtt
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