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<br /> � . MOR'PAAG� 89-. �0632�
<br /> 7tilsMoK�ei�Rnterodintobetween Willard ,N. Pauly & Nanc�t L. Paulv. huahand and wif�,
<br /> r each in hia oxn right and ae apouae of the other (herein�'�{ortx�ror��)�nd
<br /> r FTVE POINtS BANK, Grand Ieland, Nebraaka
<br /> tUerein••Adcrtpaes,•j.
<br /> �tartp�or is Ind4bkd to lltort�ee ln the pdncipal sut�ot= 3,926.69 ,eridenad by Mort�or'�note
<br /> ��d November 13. 1989�e�n"Note")prorldin�!or pay�penb of ptinclp�l�nd intarest�with the balmce ot the
<br /> lndebt�dna�,i�ttot�r p�id�dqe�nd p�yable on November 13, 1994 .
<br /> 'lb�cure the p�yment of the Note,with inter�t�u pmvlded tbeteln,the payment of ali other cuau,with inkr4tt.
<br /> . 'adr�nad by MoitqKee to prqtect the seourlty o!thi�Mort�a�e,and the pertonaance at the coveaantc and aprem�at�of
<br /> tbe Mortp�or contdned herein, Mort��or does herrby mortea=e t�nd convey to Mort�a�ee the followin� descrlbed
<br /> P��rt3► la�tt�8 ia Hall ConntY, �iebr�lu: �
<br /> � The Southerly One Foot (1.0') of Lot Seven (7) all of Lot Nine
<br /> ' (9) and the Northerly Fourteen and Twenty—five Hundredtha Feet
<br /> ' (14.25') of Lot Eleven (11), Block Eight (8), Univer3lty Place,
<br /> an Addition to the City of Grand Island, Hall County, Nebraska
<br /> ��` Z�og�ether ait6 all buildin�s,impmvemenb,fixWzea.stneets.alleys,pa�sagewaysS easements.riahts,nrivlte�.ana_ __ _
<br /> .- -- ._.._ ........ _ . . _. _ . _; �
<br /> ap�ur�enuiceslocifed therPOn or in�nywise pettainin�tb�ereto,and the rents,tscues and profits,rnveesloas�ad remaindeis '
<br /> I tdereof;indudinj,but not limited to,heaNn�aad caolin;equipment attd such personal property that is�ttached to the ' �
<br /> � impro�vem�e►t�w as to conatitute a tixture;all oi phich, lncludin�replaaments aad additiaa�thereto,b hereby dedared
<br /> to be�part of the real estate secured by the lien of tbis MortQa�e and�1!of the fore�oing bein�referred to Aenin as the
<br /> r`pmPertY"• -
<br /> .,�.,':
<br /> Mort;a�or furfber convenante and�rees,�vith I�ort�aQee,as follown: • -
<br /> � 1. Paymen� To pay the indebtednesi and the interest Wereon as pmvided in thSs Mortpge and the Note.
<br /> � 2. Titie. Mort�a�ar is the o�uner of the Property,hss the rl�ht and auEhority to mort�a�e the Property,and
<br /> , w�rt�ab ti►at the liea cr�ated hereby is a fiest and prior lien on We Property,exoept as may otherarise be set forth hereIn. - ;�
<br /> � 0'[1�e Properiy is subject to�►Mort�age wherdn `
<br /> ��
<br /> is the Mortga�ee,ret:ortkd at Baok ,PaEe of the Mortgage Recordc of Coun ,�` �
<br /> tY.
<br /> NebratYa,�vWeh Mortga�e 1s s llen pzlor to t6e lien created hereby. � • :�r.;;_..
<br /> , . =,r,,.,.
<br /> �._
<br /> 0 Other prlor liens or encumbrances:
<br /> $. Tana,A�aanenta. 'Ib p�y when due�11 tues,speciu assessments and all other charges again5t the Property
<br /> and,upon written demand by Mortgaree.to add to the paymeats requind un@er the Note secured hereby�such amount as
<br /> mRq be aufQcienE to ensble the Mort��ee to pay such toces,�ssesstnents or other chu�es as they become due.
<br /> 4. In�uranee. To keep t6e improvemenb now or bereaiter lacated on the real estate descrlbed.herein insured
<br /> ap9a�t datna�e hy 8re aad aucb other hazards as Mott��gee may iequlre,in amounts and with companies aeceptable to We
<br /> 11[ort��ee�and with toas payable to the Mort�a�ee._ 1n.qte ot loss under such Qalici.es the Mort�ee is wWorized.to
<br /> adji�t;cdlect and oompromi�e,in ita ditcretion,iil clainu thenundei at its sole opHon, authorized to eitherapply the
<br /> prooeed�to tbe mtoratlon oi ths Property or upon Lde iadebtednesa secured hereby,but paytnenb hereander shall con-
<br /> tiAUe until the sq�secured heiebr are paid in full.
<br /> r-��_-.__.
<br /> 5. O Facsow F4r Ta�tes u�d Iusar�qc�. Notwlthstuidin�anythin�conWned in pua�aphs 3 and 4 hereof to the �
<br /> contrary,Mort�or�hall pAy to the Morteaaee at the time ut payln�the monthly installments ot principal and interest,
<br /> one•hrelftb oi tbe yetdy taxa,�menb,haztrd insue�nce premiums,and�round rents (if any)wrh9ch may atWn a
<br /> priority o�er this Morl�are,dl as reaaonably estim�ted from tlme to time by the MortYagee.The amounts so psid shW be
<br /> beld by the Mortp�ee Mithou!interest=nd appiied to the payment of the items in respect to which such imounts were
<br />. dspor�ited.'IT�e sums p�ia to Mort�ee hereunckr ue piedred�s additional secu�ity far Ehe indebtednese secured by this a�
<br /> � 1No��e.1►Sortpror�aU Qay to Mort��ee the amount o[�ny dettciency between the actu�l taxes,assessmenis, insunnae �
<br /> preu�ums and p�ound rents and the deposlts hereunder withln 10 days after demand is made upon Mortas�or requestinQ
<br /> paYment thPreoL �*
<br /> �,
<br /> 6. Repair,Maintenaace rnd Uu. 7'0�►romptly repe�r. re�tore or rQbulld any buitdings or imgravements now ar ,��'�
<br /> hereatter on the Property;to keep the P'toperty in�ocid condltlan and repalr,wlShout wacte.and free from mechtnic s or
<br />_ otheNienc not expn�ly�ubordtnated t�the lien hereof;not ta m�ke.suffer or permtt any nuisance to c•xist.nor to dimir• "
<br />. ish or imp�ir the vtlue ot the Property 6y rny act or otnJssion to�ct;and to comply with esll n�quirementa of lew with
<br /> resp�ct to the Pruprrty.
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