|
a: �.i- :•.:.i. - _ ._. ,r. 11`. � y t y ty� lr�s�l f f ,t'
<br />.'t
<br />MORTGAGE 90-1.06318
<br />This>Aiort is *meted latebtpietn 1 achy c• 12ayison and Vi r— kt I. Davison {
<br />hand and wife, (herein "Mortgagor") and
<br />Five Points Bank. Grand Island, Nebraska (herein "Mortgagee ").
<br />Uaetpgor G Indebted to Mortgagee in the principal sum 01$5.607- 30 , ovidenced by Mortgagor's note
<br />dated November: 1, 199$emn "Note ") providing for payments of pNncipd and interest, with the balance of the
<br />indebtedness, it not sooner paid, due and payable on November 1, 2000
<br />Tow.ure the Payment of the Note, with interest as provided therein, the payment of all other sums, with Interest,
<br />advanced by Mortgage to protect the security of this Mortgage, and Me performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does. hereby mortgage and convey to Mortgagee the following describd
<br />propedy locatied in. Hall County, Nebraska:
<br />LOT 2 BLOCK 40 RUSSEL 98SEELERDS ADDITION• GRAND ISLANDt. BALL
<br />CO. NEBRASKA .
<br />Together with all buildings. improvements, fixtures, streets, silty*, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, eeserstons and remainders
<br />thereof; Including, 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 replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />..Property„-
<br />Mortpgor further convenants and agrees, with Mortgagee, as follows:
<br />1. payment, To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />L 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, excerpt as may otherwise be set forth herein.
<br />0 The Property is subject to a Mortgage wheren pomp Fed al - asa._enPA ro Mebrask s
<br />Do 80- 001906 'Mortggage Finance Fund
<br />t ifYEX t th -M gsge Records of Hall .—county,
<br />b the Mortgagee, recorde�a o e ort
<br />Nebraslm, which Mortgage Is alien prior to the lien created hereby.
<br />10 Other prior Hens orencumbrances• First Federal Saving (Atq,iagr!A ?)
<br />Doc. #83- 0041979
<br />8. Taxes, Asseamnenta. To pay when due all taxes, special assessments and all 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 sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by flre-and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and with loss payable 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 either apply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tinue• until the sums secured hereby are paid In full.
<br />S. O Escrow For Taxes and Insurance. Notwithstanding anything contained In paragraphs 8 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 taxes, assessments, hazard insurance premiums, and ground rents (it any) which may attain a
<br />priority 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 sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Mortgage. Mortgagor shall pay to Mortgagee the 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 Hens not expressly subordinated to the lien hereof, not to make, suffer or permit any nuisance to exist, not to dimin-
<br />ish or impair the value of the Property by any act or omission to act; and to comply with all requirements of law with
<br />respect to the Property.
<br />0
<br />.a
<br />
|