|
MORTGAGE 89-- 103279
<br />Ub Nkwt" Is Weed Into between Gilbert G. Manning and Linda C. Manning# husband
<br />and wife (herein "U~r") and
<br />five Pointe Bank (herein "Mortjspee"�.
<br />Mor4ppor to Indebted to Mortgagee in the principal sum of _ 25, 0()0 —, evidenced by Mortgagor's note
<br />dated 06-22-89 (herein "Note ") providing for payments of principal and Interest, with the balance of the
<br />indebtedness, It not sooner paid, due and payable on- 96 =24--92
<br />7b swim the payment of the Note, with interest as provided tbarrlu, the payment of all other sums, with Interest,
<br />advanced by.114adpilee to protect the security of this Mod", and. the performance of the covenants and agreements of
<br />the KodVW owlatned bereilk. Mortgagor does hereby moftW AFA convey to. Mortgagee the following described
<br />property IOCAW in Hall County, NebmIta:
<br />Lot Twenty (20N::4; JA'.8kv6k One 1) , irt Southern Acres Addi
<br />tion-to
<br />City L.0f.'Graff CMntyf 14�.,
<br />Towthier-wO all-buildihiL improveMenta. fixtures streets. allevs. easements. rights -and–
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, Issues and profits, reversions and remaladen
<br />thereof-, Including, but not limited to, beating and cooling equipment and such personal property that is attached to the
<br />improvements so as to constitute a fixture; all of which, Including replacemuts and additions thereto, Is hereby declared
<br />to he a part-of the real estate secured by the lien of this Mort" anidall of the foregoing being referred to heroin as 6e
<br />-ptoperty'..
<br />Mortaw further convertants and arm, with Mortgagee, as fWOWS4
<br />Payment. To pay the indebtedness and the Interest thereon as prodded in this Mortgage and the NoW
<br />2. Title. Mo4gagor is the owner of the Property, has the rigbia'nd authority to mortgage the Property, and
<br />warrants that the 11M. created hereby Is a first and prior lien on the W60erty, except as may otherwise be sot faith bu.vbL
<br />13 The Property is subject to a Mortgage wherein
<br />Is the Mortgagee, recorded at, Bapl�—, Far — of the Mortgage He*" of County,
<br />Nebraska, which Nkftw is a lien prior to the lien created hereby.
<br />Otber'bvl6r.11ens or epeumbrances:
<br />3. Taxes, Assessments. To pay when due all taxes, special assessments and all other charges against the Property
<br />and, upon wAtten demand by Mortgagee, to add to the payments required under the Note secured hereby, such mount as
<br />moy be aufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they.*owe due.
<br />4. ftommee. To keep the Improvements now or hereafter located on the real estate described herein Insured
<br />against damage by fire and such o4her hazards as Mortgagee may require, in amounts and with companies . acceptable to the
<br />Madpow, and with" loss payabii,'.to the Mortgagee. In case of low under such pq1cieg the Mortgagee is authorized to
<br />':In its discretion, all d9w thereunder at Its sob .4,Wn, authorized to either apply the
<br />adjoet, 661lect and comprocibi;
<br />prov" to the restoration Of ' the Property or •Upon the, ladebtednew secured hereby, but payments hereunder shall con-
<br />time until the sum secured hereby �re paid ljt�W.
<br />L 0 Escrow Fair T414,Wd Insurance. Notwithstanding anything containi4 In paragraph 3 and '4 hereof to the
<br />COUtIVEY, UNtPgw Shall pay, to the Mortgagee at the time of paying the monthly Installments of principal and Interest,
<br />One-twellUb of the yearly taxes, assessments, hazard Insurance premiums, and ground rents (it any) which may attain a
<br />Pd0dtY Over this Mortgage, all as reasonably estimated from time to time by the Mortgagee. The.amounts so paid shall be
<br />held by the Mortgagee without Interest and applied to the payment of the Items In respect to which such amounts were
<br />deposited. The ran paid to Mortgagee hereunder an pledged as additional security for the indebtedness secured by this
<br />NWet"
<br />amount of any deficiency between the actual taxes. assessments, Insurance
<br />premiums and ground rents 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 />other liens not expressly subordinated to the lien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin•
<br />Ish or Impair the value of the Property by any, act or omission to act; and to comply with ali requirements of law with
<br />respect to the Property.
<br />tT
<br />-i
<br />
|