|
MORTGAGE 8900'* 102925
<br />This Mortgage Is entered into between __Gilbert G. Mannino and Linda C. Manning.
<br />Husband & Wife (herein "Mortgagor ") and
<br />Five Points Rank
<br />(herein "Mortgagee ").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 13,1500-00 , evidenced by Mortgagor's note
<br />dated 6-6-89 (herein "Note ") providing for payments of principal and Interest, with the balance of the
<br />indebtedness, it not sooner paid, due and payable on. B -5 -89
<br />To secure the payment of 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 Modpgor contained herein, Mortgagor does hereby mortgage and convey to Mortpgee the following described
<br />property located In Hall County, Nebraska:
<br />Lot Twenty (20), -in Block One (1), in Southern Acres Addition
<br />..to the City of Gzratad Island, Hall County, Nebraska.
<br />Together with all buildings. Improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />es and nrofita. reversions and remainda
<br />mDurterimses_located thereon or ih anywise pertaining thereto- and the rents. issues
<br />udi
<br />thereat; inclng, 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 teowements and additions thereto, is hereby declared
<br />to tw a part of the real estate secured by the lien of this hortpge and'ati of the foregoing being referred to herein as the
<br />..Property "•
<br />•
<br />Mortgagor further convenants and agrees, with Mortgagee, as follows:
<br />• 'AL
<br />,
<br />1. Payment. To Vey the indetteftm. aced the interest thereon as provi*d in this Mortgage and the Note.
<br />_
<br />2. Ti*. Mortgagor is the owner of the Property, has the right and authority .to mortgige the Property. and
<br />warrants that the lien created tiiteby is a first and prior lien -on the Property, except•a� dray ".otherwise be set forth herein.
<br />® The Property is subject to a Mortgage wherein American Charter
<br />Is the Mortgagee, recorded at Book , Page of the Mortgage Records of County,
<br />Nebraska', which Mod" is a Uea prior to the lien created hereby.
<br />0 Other prior liens or encumbrances:
<br />3,,. Taxes, Amenownts. To pay when due all taxes. special assessments and alt other charges 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 sufAcient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4i. Insurance. To keep the improvements now orbereafter located on the, real estate described herein insured
<br />agiairist danage by fire and such other hazards as Mortgagee. may require, in amounts'and 'with companies acceptable to the
<br />Morspgoe, Gird with Ioss payable to the Mortgagee. ins 'saes of loss under such policies the Mortgagee is authorized to. .
<br />adjuis;4-coilict a-nd compromise, in its disc ,Uon, all claim thereunder at its sole option, autbodiedto either apply the
<br />proce►, . ,to true, restoration of the Property or upon the ipdebtedness secured hereby, but piyanents hereunder shall con- '
<br />tintte 'vcitit the secured bareby are paid in full.
<br />.-— - -
<br />9. Q Escrow For Taxes and insurance. Notwithstanding anything c ontaized in paragraphs 3 and 4 hereof to the
<br />contrary, Mort ga ff shall pay to the Mortgagee at the time of paying the inonthly installments of principal and interest,
<br />one - twelfth 69 aria. yearly taxes. assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />priority, otaer Wis Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amounts sdpald shall be
<br />held
<br />*, ft, I4W' ttpgee without interest and applied to the payment of the items in respect to which such amounts were
<br />fNi
<br />dequsita 1. 'lie rims paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />L M040a0.l6dortglr V111all to Mortgagee the deficiency between
<br />I `
<br />pay amount of any the aortal twvs,, assessments, insurance
<br />pterniumd and gYmud rents end the deposits hereunder within 10 days after demand N trade upust Mortgagor requesting
<br />payment thereof.
<br />ZI
<br />6. EtNpair, Maintenance and Uss. To promptly repair. restore or rebuild any buihiinp,% or improvements now or
<br />hereafter on the Property: to keep the Property in good condition and "p_tir. without waste, and fret- front mechanic's or
<br />�
<br />cAhcrikTns tint exprtcsiy suWtditiated to the lien hereof; not to make, suffer or pertnit any nuisance to exist, nor co ditnin-
<br />mh tit impair the Value of the i'ropt•rty t,y any act or ornlWon to art. and to comply with all requirementA, of law with
<br />ri gw-ft to thi' Property.
<br />
|