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<br />MORTGAGE
<br />89-r* 104878
<br />Thu Mort a is tered into beOmn and &
<br />Wife hCRO fn hefs oUn right an
<br />as spouse of the other (herein "Mortgagot")and
<br />FIVE POINTS BANK, Grand Island, .Nebraska (lie
<br />reln" nt ")-
<br />Mortgagor is indebted to Mortgagee In the principal sum of; 43, 000.00 . evidenced by Mortgoves note
<br />dated Ju 1•• 11 # r 9aS (herein "Note'l prodding for payments of principal and interest, with the balsmce of the
<br />Indebtedness, if not sooner paid, due and payable on_ August 31, 1989 ,
<br />Toseem the payment of the Note, with interest as provided therein, the payment of all other suns, with interest,
<br />Advanced by Wortpgre to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and: convey to Mortgagee the following described
<br />property . located in Hai 1 , County,
<br />Ldt, Ten (10) , in Block One (1) ; 5othman Subdivision in
<br />tCie City of Grand Island, Hall Count:�.� ::' Nebraska
<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, heating and cooling egpipment and such personal property. that is attached to the
<br />improvements so as to constitute a fixture; all of which, indiuling replacements and additions thereto, is hereby declared
<br />to be a put of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to heroin as the
<br />"Property".
<br />Mortgagor further coneenants and agrees, with Mortgagee, as follows:
<br />L Payment. To pay the indebtedness and the interest thereon as provided in th-W.. Mortgage and the Note.
<br />2. Title. Mortgagor is the owner of the Property, has the right aad authority to mortgage the Property, and
<br />warrants that the lien created hereby is a first and prior lien on the Propeir'i, except as may otherwise be set forth herein.
<br />© The Property is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Book , Page ! CC w,- .Mv,1gage Records of County,
<br />Nebraaka, which Mortgage is a lien prior to the lien created hereby.
<br />❑ Other prior liens or encumbrances:
<br />Taxes, Assessments. To pay when due all taxes, special assessments and ail rather charges against the ftperty
<br />and, upon written demand by Mor4We, to add to the payments required under the bete secured hereby, such• am, unt as
<br />maybe sufficient to enable the Mortgagee to pay such taxes, assessments or, other cha*i, as they become due.
<br />4. Insurance. To keep the Improvements now or hereafter looki'r:'d on the real estate described herein insured
<br />agsimt damage by fire and such other hazards as Mortgagee may require, in amounts ead with companies acceptable to the
<br />Mortgagee, and with loos payable to the Mortgagee. In case of loss under nuch:pn kW4 the Mortgagee is authorized to
<br />adjust, collect and compromise, in its discretion, all claims thereunder sit !s sclp cpf) on, authorized to either apply the
<br />proceeds to the zoloradoet of the Property or upon We indebtedness srtt:rtsried hereby, but payments bereunder•slud con-
<br />tinue until the sums secured hereby are paid in full.
<br />S. 0 Escrow For Tastes and Insurance. NotNithatanding anything contained in paragraphs 3 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 (if any) which may attain a
<br />priority over ihia Mortiage, 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 />L Maw. Uortgagordfall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />premiums and ground rents and the Aeposits hereunder within 10 days after demaliii" is trade upon Mortgagor requesting
<br />payment thereof.
<br />6. Repair, Maintenance and Use. To promptly repair, restore or rebuild 6ity.4uildings or improvements now or
<br />hereafter on the Property; to keep the Property in good condition and repair, without *mte, 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 irhpaly the value of the Property by any act or omission to act; and to comply with all requirements of taw with
<br />respect to the Property.
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