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<br />MOR'T'GAGE 90,.._. 106729
<br />'T1ls Montage Isfaterfd into t►tt>~stu Joan L. Howl t a sil3gle g1jrson r
<br />(herein "Mortgagor ") and i
<br />Five Points Bank G and Island. Nebraska (herein "Mortgagee "1•
<br />r Mott"cit is indebted to Mortgagee in the principal sum of $1- 0011.00 , addenced by Mortgagor's note
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<br />&Wd Nnv _ 26 _t„9an _ (henin *,Note,') providing for payments of principal and interest, with the balance of the
<br />Indebtedness, it not sooner paid, due and payable on av 211, -1991
<br />4bsecme the payment at the Note, with Interest as provided therein, the payment of all other sums, with interest,
<br />adraaced by !Mortgagee 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 Hali -- County, Nebraska:
<br />Lot Fourteen (14). Block E, in Parkvfew Subdfviston, Located in the Northeast
<br />Quarter (NEJ) of Section Twenty Nine (29), arrd in the Northwest Quarter (NiWV
<br />of Section Twenty Eight (28), in Township ERev ert (11) North, Range Nine (9)
<br />West of the 6th P.M., Hall County, Nebraska.
<br />91ogether with all buildings, improvements, fixtures, streets, alleys. passageways, easements. rights, privileges and
<br />appurtenances located thereon or ice anywise pertaining thereto, and the rents, issues and ptofits,revenions and remaindem
<br />thereof; including. but not limited to, heating and cooling equipment and such personal property that is attached to the
<br />improvements to as to constitute a fixture; all of which, including replacemeals and additions thereto. is hereby declared
<br />to be a part of the real estate secured by the lien of this Mortgage and 0.. cCrks foregoing being referred t. a bzrein as the
<br />"Property".
<br />ti ong@ or further convenants and agrees. with Mortgagee, ati fellows:
<br />1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2. Title. ldarcgagor 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. except as may otherwise be set forth herein.
<br />® The Proomy rs sub';W: (.a a Mortgage wherein Five Points Bank Grand 1 slander Nphra gka
<br />as licc. #90- 100877
<br />tithe Mortgagee, recordoeSWS xxxxxxxV*1cxx of the Mortgage lttiecords of _ Hall County,
<br />dft
<br />Nebraska, which Mortgage Is a lien prior to the lien created hereby.
<br />O Other prior liens or encumbrances:
<br />8. Taxes, Aneuments. To pay when due All taxes, gmdat assessments and all other charges against the Property
<br />and, upon written demand by Mortpilee. to add to the paymeem required under the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgage to pay such taxes, Assessments or other charges as they become due.
<br />1. Iiutaance. To keep the improvements now or hereafter located. an the real estate described herein insured
<br />agaltot damage by fire'and such outer hazards as Mortgagee may require, in amounts and with compsnietar Ptable to the
<br />Wac'tgAgee, 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, 811 claims thereunder at its sole option, authorized to i i'.ijte-r appi,- die
<br />proceeds to the restoration of the 'property or upon the indebtedness c?cured h'reEy, but payments he-M--61! 511M con•
<br />ttlnue until the sums secured hereby are paid in full.
<br />$. O Eacrow For Tares and insurance. Notwithstanding anything contained in pattMits 3 wdA hereof to the
<br />contrary, Mortgagor shall pay to the Mortgagee at the time of paying the monthly installments of principal and interest.
<br />on*- twelfth of the yearly woes, assessments, hazard insurance premiums, and ground rents (if 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 />bold by the Mortgagee without interest and applied to the payment of the Items in respect to which such amounts were
<br />deposited '1i>se 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 />pensiums and ground tents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />L Repair. Maintenance read Uae. 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 tine from mechanic's or
<br />other liens not expressly subordinated to the lien hereof: not to male. suffer or permit any nuisance to exist, nor to dimin-
<br />)sh 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.
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