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<br />MORTGAGE 1 04823
<br />Thia M~ m enwetl into between Jerry J. Stoltenber and Kimberly A.
<br />Stoitenberg, husband. and wife, ( hereb "M~e ) at,d
<br />Pi6in s ftnk,, Grarid1shihd Nebraska
<br />' pia' illdz�it :��ia.�itsthe-�siai3;�sumot; �S- OQQ_aD . ;eH�.�?'
<br />: �, , m t ,+ daed :8ugusL pe� l>
<br />indebkdua�, if atrtsooaec,pwid, due and payable on September
<br />To st"re tix paymiat of the Note; with interest w ptosrided tl, the payst of all
<br />tai .
<br />advanced by Ncatprgee to protect the security of this Mortga i6 sad the perfomsancog the camnanb and B eats of
<br />the Mott• 000tained herein. Mortgagor does hereby vwtpge and convey to Mortgagee the following described
<br />Igopert' , Iocated in Hall _` aunty, Nebraska:
<br />Lb* Eight (8'i'` -% l�eri rA Acres Subdivh a,a`� tt t.h City of Grand .Island, Hall
<br />j.::
<br />Cou#ti= Nebira ka
<br />' , , ti. 1. , •,
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents issues and profits, reversions and remainders
<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 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 />Mortgagor 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 />2. Tick. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrauts that the lien, created hereby is a first and prior lien on the Property. except as may otherwise be set forth herein.
<br />!3 The Property is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Book , Page -__ of the Mortgage Records of _ _ -- County. "
<br />Nebraska, which MattW is a lien prior to the lien created hereby.
<br />0.Other, )viart liens or encumbrances:
<br />3. Taxes, Mawaoeats. To pay when due all taxes, special assessments and all other charges against the Property
<br />and, upon written demand by Mortpgee, to add to the payments required under the Note secured hereby, such amount as
<br />my 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 />siplM d=IW by fire and such other hazards as Mortgagee may require. in amounts and with companies acceptable to the
<br />Morpapee, and with low payable to the Mortgagee. In rase of loss under such policies the Mortgagee is authorized to
<br />adjtsst, collect and ewaaprani m,,, in its discretion, all daiirea thereunder at its sole option, authorized to eitherapply the
<br />poowda to the nsloneno o of.** Property or upon die. lit.Oatedness secured hereby, but payments hereun4n 1111ail COB.
<br />thine until the watt secs t'ed hereby are paid In full.
<br />L O FA crow poi Taxis tlpd Insurance.. NotwithOwt.dingaaytbIngwntainrd in paragnptip 3 and 4 krsmof to the
<br />contrary. Morwor sw pay t6:i a Mortgagee at the thvl ' x payini the c: tonthly-.ia►tallments a�f pdncipd and interest,
<br />one-tweifth of the yearly taxi'' ,•aarenments, hazard insurxinee premiums. and ground rents (if any) which may attain a
<br />pia ft oweit ibis 'ieuri r, rill it hire r1&viy ealtrua" fro-.n un e. to ti..,e by the':cs-tp ca. T hs- aittounb to paid au!1 be
<br />low held by the Mortgagee without interest and applied to the psyment_of the items in respect to which such amounts were
<br />deposited. The mum paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Uortpape. Mortgagor siraU 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. M1�
<br />6. Repair, Maintanaace and Var. To promptly repair. restore or rebuild any building3 or improvements now or tt�
<br />bereafWr on the Property; to Beep the Property in good condition and repair, without waste. and free from mechanle's or
<br />allmik -ns not expressly subordinated to the lien hereof; not to mate, suffer or permit any nuisance to exist, nor to dimin-
<br />Adar iah at impair the aloe tit the Property by any act or omission to act; and to comply with all rcquirrments of taw with
<br />,r• * trgwct tv wie Pruf'ierty.
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