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<br /> � � $9�--106 f 5 9�
<br /> MORT(it1GE
<br /> L. Merithew and :Na Ellen Merithew,
<br /> Z1►1r Mortp�e is entered into betw�en��.� x'Y
<br /> HusbaRd and Wife (herein"Mortgatiwr"}end
<br /> rFIVE P�INTS Bt�NK (hereln"IVdort�iree").
<br /> Mort�s�os ts iedebted to MortQaaee in tha princlpil cum ot�12�1?-� ,evideneed by Moet�s�at'e note
<br /> dated 12—�—$g (hereln"Note")provldi�R for payraents of ptincipal and interPSt,vrith the bal�nce ot the
<br /> indabtedaea,ii not woner paid,due�nd p�yable oa �2�—�� .
<br /> 7b ucure the p�yment of the Note,wlth inkrest as provided therein,the p�yment oi all other sums,wlth Intereat.
<br /> •dvanced by 11[ortp�ee to pmtect the�eciulty of this Mortpre,and the pertormance af the covenants aad a�reementa of
<br /> the A�Iorttsjor coniained herein, Mortp�or does hereby mort�a�e and convey to Mort�a=ee the follo�vina described
<br /> - ptoperty located in Hall �unty, Nebraska:
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<br /> Lat �enty (20) in Western Heights Subdiviaion, Hall County, Nebraska
<br /> Tb�ether wltb all buildings,improvements,tixtures,stirets,alleys,passagewsys, easementa,ri�hta,Prlvileges and
<br /> �ppurten�nces locakd Wereon or in anywise pertaiNn�thereto,and the rents,issues and profits,reversions and rem�inders `
<br /> � tl�ereof;indudia�,but not limited to,heatin�snd cooling equigment and such pe:sona! p:operty that i�attechsd to the
<br /> improvements so as to constitute a finture;dl oi which,includln�replacements and add�tions thereto,is hereby declared : �
<br /> to be�put of the rPal eatate secured by the lien of this MortQa�e and all of the foregoing beia�ieferred to herein as the
<br /> ��pioperty��. <
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<br /> Mort.�agor further convenants and aYreees,wlth MortYagee,as follows: •,,�
<br /> , 1. Paynten� To pay the Indebtedness and the interest thereon as provided in this Mort�a�e and the i�iote.
<br /> � 2. Titk. Most�or is We ovmer of We Properiy,has the right�nd:uthority to mort�a�e the Fropeity,and �
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<br /> wartants that the Uen created hereby is a fl�st and prior lien on the Ptoperty,except u may otherwise be set forth hereln.
<br /> ❑7lie Property is subject to a Mortgage wherein � .
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<br /> � 1s the Mort�aQee,recorded at Book ,Page of the Mort�a�e Records of County,� � s:
<br /> : Neb�tka,�h1ch Mort�age k a llen prlor to the lien created hereby. �="
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<br /> ' O Othe:p�ior llens or encwnbzances:
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<br /> 3. Taua,Atites�menh. To pay when due all taxes,special assessments and alI other cherges against the Property
<br /> and,upen wtittea demand by Mort��ee,to add to the payments required under the Note secured hereby,such amount as
<br /> may be sufAcient to eAable the Mori�sIIee to psy such taxes,�saessments or oiher char�es as thoy become due.
<br /> � 4. Ii�ueance. To keep the impmvementa no�v o:hereafter located on the re�l estate desctibed herein insured
<br /> a�ain�t d�rna�e by�re'and such other h�urds a�MortQa�ce may requlre,in smounta and with companies�ccep4bTe to the
<br /> ' Mortp�ee, and �vitb loec pay�ble to the Mort�agee. In c�ase of loss under aueh polides the Mort�ee ls sutho�ized to
<br />_ adjtut, cdlect and compromis�s,in it6 diecretion,all cLims thereunder at its sole optioa, autl►ori2ed toeltherapply the
<br /> proceeds to the iestoration of th4 Property or upon the indebtedness secured hereby,but paymenis herennder sh�ll core-
<br /> tinue•until the ann�s secvred henby u+e paid in tuU. �. � -
<br /> 5. O Facro�+ Far Taues�nd Inwtura. Notwlthstandln�anythin�contalned in pua�aphs 3�ad 4 hereof to the ,--__-_-=-
<br /> , contnry,Mortga;or shall pay to the Mort�ee st the time ot paying the raonthly installments of principal and interest, �
<br /> one-twelfth of the ye�tly taxes,auessmeats, hazard insurance premlums,�nd ground rents (if any)whlch may attain a
<br /> prlodty over this Mort�a�e,all as rc�sonably eatimated from tlme to time by the MortgaQee.The amounts so paid shdl be
<br /> held by the Alort�a�ee writhout interest�nd Rpplied to the p�yment of the items in respect to which such amounts were
<br /> deposlted. 'i7�e suma paid to Mort�ee hereunder ue pled�ed as additional security for the indebtedness secured by thls
<br /> Mortp�e.Mort�aeorahW pay to Mort�a�ee the amount of any det�ciency between the actual taxes,assessments, insurance .�
<br /> 1 premlums and around rents and the depacitc hereunder wiihin 10 dsys after demand is made upon Mortgsgor requesting �
<br /> L payment thereof. �
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<br /> � 6. Repair�Maintenance and Ua2. To promptly repalr, restore or rebuild any buildjngs or improvements now or ►�
<br /> here�tter on the Proprrty;to keep the Property in good condition end repair,without waste.and free from mechanlc's or ���
<br />„ other liens not expressly subordinatcd to the Ifen hereof;not to make.suffer or permit any naisence to exist.noz to dimin• {.
<br /> Ish ur impair the value of the Properiy by any act or omissio» tu act;and to con�ply with all requirements of law with ,,
<br /> _ respect to the Property.
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