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<br /> � MORTGAGE ��9-.. i 0 669 C
<br /> 7hi�Mortp�elsentendintobetween Lelan L.. Steffen and_�yariayn A. Steffen,
<br /> Hueband and Wi re �n�nin«Mortp�or")and
<br /> � � Five Pai at� Hank (hereln"Mort�a�").
<br /> Mo�a�or la ladebted tn Mott�ee In the ptinclp�J wm ot s.35.000_00 ,evldenced by Mortqa�or's note
<br /> �� 12-8-89 �njn"Note")prav�dln�for payments ot pdncipal and(ntereat�rrith the b�lance of the �
<br /> indebt�dae�.lf noi woner pafd�due�nd pay�ble on�8°90 .
<br /> To ucuee the p�yment of the Note,�lth lntereat�s pmvided thercln,the psyment oi all other tum�.wlth intereat,
<br /> ulvanced by Mortp�ee to protect the iccutity ot thi�Mort�e�and tl�e performance oi the covenanta and aEreements of
<br /> the UWrtp�or cont�lned hereln, Mortp�oe does hereby mort�aYe �nd convey to Mottr�Qee the foilowine deaciibed
<br /> ProP�ih► lacated in Hall County, Nebrnsla: '
<br /> Lot Twenty—Five (l5) , Western Heights Fourth Subdivision in the City
<br /> , of Grand Ieland, Hall County• Nebraska
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<br /> ' 7�o�ether w�th all bnildin�,improvements,fixtures,atreets,alleys,passa�eways. e�sements,rl�hta.prlvlle�es and
<br /> appurtenances located thereon or in anywlse pethining thereto,and the rents,issues md proflts,rev,e�sione and�+emdndete ;
<br /> �.�..nty i�nlurlins h»� nnt limifw�l tn;h�stin�and �notin4 eauinment and:uch neaonal nronerty that is aiitched to the 1 __
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<br /> impro�emrnts so as to coiutitute a tixture;�11 of whlch,iacludln�repiacements aud additlons thereto,is hereby dectued -
<br /> to be a part of the nal estate secured by the lien of this Mort�age and�11 of the foresoin�bein�ieferred ta herein ag the �
<br /> ��pcopetty», , -_
<br /> Mortsa�or further convenants and sp�ees,wlth Mort�ee,as tollows: 'Y—
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<br /> 1. Pay3nent. To pay the indehtednecc enA the ioterest thereon ss provided in this Morf,�age and the Note. �►�
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<br /> i 2 Title. Mostp�or is the owner ai tAe Property,h�a the ri�Lt�nd autho�ity to mort�e the Proper2y,and -
<br /> — . wurants that the lien created hereby is�first and prlor i12n on the Properiy,except ss may otherwlse be set fortb herein.
<br /> , ' O The Property is subject to a Mortaage wherein _ #
<br /> i�the MortgaQee,recorded at Boot ,pa�e of the MortraQe Reco:ds of County,� �
<br /> Nebr�lu,wbich Mortp�e is a lien pdor to the lien enated hereby. �
<br /> O Other prio:lient or encumbrances: — j:.�.r.
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<br /> S. Taxu„Aw�►!i. Ta psy�vhen due all taxes,special�«�*+�n4 md W other charQea a�inst the Aroperiy
<br /> and,upon weitten demand by Mortp�ee,to add to the payments nquired under the Note secured hereby,such amount as
<br /> n�y be sutAdeat to enable the MortQa�ee to Qsy such taxes,assessmenb or othe=char�es�s they become due.
<br /> � �!. In�urance. To iceep the improvements now or hereafter ioc�ted an the real estate desetib¢d�arelrs tsssutPr3
<br /> �ptnrt d�ma�e by�re'uid snch other huards a�Mort�aaee msy require,in�mounls�nd with�ompanies aocep:able to tt►e '
<br /> Mortp�e, �ad with lao payable to the Mort{�gee. In ca�e of las under:uch policla tbe Mortp�ee b authodzed to
<br /> adjust, coibet and cotnpromi�,in ib diacretion,all cldcns the�under at i4 aole optlon, authodud to either�pply the
<br /> ptoceeds to the mtontion of the Properiy oi upon the Indebtedness aecured hereby,but payment�hereunde=chall con-
<br /> NnuP•uatil the sams se�:uresl hsreby a.e paid in iull. -
<br /> b. O F�erow For Ta:a and lnwr�ace. Not�vithstandin�anytl�ln�contrined in pua�raphs S�nd 4 hereof to the ;--_____-__._
<br /> = oontrary,Mort�a�or shdl pay to the Mort�ee at the time of payinr the monthly installments of pdncipal and interest, �
<br /> one-t�relttN of the yeaitly tax�,atseasmentt, h�zard insurance premiums,and �ound reats (if my)which msy atta�n a '
<br /> prtority over this ll�orip�e,�il�s re�onably estimated trom time to time by the Mort�a=ee.'It�e unounta ao pdd shall be
<br /> held by the Mortp�wlthout intecest and applled W the p�yment of the ikms in recpect to which such trmounta were ,
<br /> depaited. T6e�ums paid to Mortp�hereunde*are pled�ed as additional security tor the indebted:.ers secured by this
<br /> __-- Mort�a/e.l�fortp�or�hall p�y to Mort�ee the unount of any defaciency between thr actu�l taxee,assessments. insurance N
<br /> --- � premiunb�ad Qaund rents and the depoeita hereunder�rlthin 10 days aher demand is nude upon Mortgagor requesting �
<br /> p�ymtnt tbersol.
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<br /> - i. Rsp�ir�Maint�nanee and Uu. To promptly cep�Jr,restorn or rebuild any builrling¢or improvemenfs now or r�
<br /> ��� hereatter on the Fraperty;to keep the Property in good condition�nd repair,without weste,and free trom mech�nic's or �
<br /> � othrrl.�er��ot expns�ly�ubordlnated to the liea hereof:not to meke,sUtfer or permlt eny nulssnce to exlst,nor to dimin- ��
<br /> pl!!' lch ot impair the v�lue ot the Ptoperty by�ny act or omisslon to act;and to comply with e►!1 rcquirements af law with ;.,
<br /> �"���(� respect to the Proyerty.
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