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<br /> �b Mortg��o 1�entered Into between• �1�3Ia �oint���li, Nnhrnak,� ('or��,�inn -_:
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<br /> Martin R ScarborouRh and �nmmy R. Scnxborough� Hueband and Wife (herefn"Mort��ee"y. � '_
<br /> Moct��or le lndebted to Mort�Qee In the princtp�!eum�f S��.,,.�1.2-50 ,evldonced try A9oreQ�y�or's uotre ffiv
<br /> ��� December 13 t 1994�horcln"Note•')provlding tar p�yments ot pdnclpal and Intomst,wlth the b�lance ot the � ���_
<br /> Indebt�slness,l�not soaner p�ld�duo end Payeble on Dacamber 18. 19�7 , � ;,"
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<br /> 'Ib secure the payment of the Notc,with interest es provided thoreln,the paymont of dl other eume,with lnterest, . _ ,�
<br /> advenced by Mortgagee to protect thr cecurity ot thia 1'dortgage,�►e and nnve�to Morte cee the t llowi�de cdl,ed "
<br /> ' the Mortgagoi contalned herefn, Mortg�gor does hereby mort�ug Y BaQ • . _
<br /> Hall �unty, Nobrnske: ' • �
<br /> Pt°perty located In , „�,
<br /> Lot Four (4), Block Two (2), Knickxehm Third Addition ta tho City of Grand ..... .��'Y,' ":�.
<br /> tstand, Ha11 County, Nebraeka. ����;^� g v
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<br /> Together with all buUdjngs,improvements,fixtures,streets,nlleys,passagaways, enseraents,righta,privileges tnd , •
<br /> appurtenances located thereon or in anywisc pertNning thereto,and the rents,fssues end proflts�mv,erslons and remelnders -. ..
<br /> thereot;Including,but not lim'.ted to,heating and cooling equipment nnd such petsonal proporty th�t fs attached to the � � .�
<br /> improvements so us to conatitute e t7xture;ell ot which, including replacements and addltiona thereto,ls hereby declare8 1 � ;};{
<br /> W be a part ot the retil estate secured by the lien of thLs Mortgege and ell of the fomgoing befng reteaod to heteln aslhe ,
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<br /> Martgagor ttirther convenants and egrees,with Mortgugee,as follows: .`�x�� '
<br /> 1. P a y m e n t. T o p a y t h e I n d e b t e d n e s s a n d t h e t n t e re s t t h e r e on as provided In thts Mortgage and the Note. � :
<br /> 2. 'I'161e. Mortgage;Is the o�vnc: ai L::°ropc:ty,::as t::�rtgr!�.d alth�a!y te m.�rtg�ge!he PropAr!1'�and ' :�
<br /> wnnants that the llen created hereby is a first und prtor lten on the Property,except es may otherwise be Er.t forth hetefn. �,�R,`_;
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<br /> O The Property ts subject to a Mortgage whernin ��='
<br /> � is the Mortgagee,ce�orded et Book .Page of the Mortgage Records oi ��ntY+ '�..
<br /> Nebraskn,which Mortgage is e lien prfor to the lfen created hereby. - �_
<br /> O Othee prior liens or encumbrances: I ?`
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<br /> S. Taxes,Assessmenfs. To pay when due nll taxes,specfal essessmenta and all other cherges against the Property
<br /> end,upon written demand by Mortgagee,to add to the pnyments mquirnd under the Note secured hereby,such amount as •
<br /> mey be sutflctent to enable the Mortgagee to pay such taxes,assessments or other charges ns they become due. i
<br /> 4. Insurance. To keep th� Improvetnents now or heresstter located on the real estate desedbed bere[n insurod
<br /> against demage by flre'und euch other hazurds as Mortgagee may require,in emounts end with compuniesacceptsble to the ,
<br /> Mortgagee, and with loss payable to the Mortgagee. In case of loss under such poltcies the Mortgagee is euthoHzed to
<br /> atljust, collect and compromtse,in ita discretlon,nll claims thereuader et its cole optlon, authodzed to either npply the
<br /> pmceeds to the restoratton of the Property or upon the indebtedness secured hereby,but payments hemunder shull con• .
<br /> Hnue�until the sums secured hereby ern pu►d In full.
<br /> 6. ❑�scrow For Tnxes and Insurance. Not�vithstanding anything contt+ined in puragraphs 3 and 4 hereof to the -
<br /> contrary,Mortgagor ahnU pay to the Mertgngee at the time of payinq the monthly tnstallments of pdnefpal nnd tnterest,
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<br /> � one•twclfiit oi tite ycerly ttuces,assNSSrnents. lt8�e.t1 lnsura►ice pcxmiuui��a...;6.vw..r.«.��.. =-„^-.--.-=, ----- -
<br /> • pr[or[ty nver thts Mortgage,�ll es reasonably esNmated from tfine to time by the MorEgagee.The amous�ts so paid shell be
<br /> held by the Mortgagee wfthout interest and upplied to the payment of the items in respect to wh[ch such nmounts tivere
<br /> deposited.The sums paid to Mortgsgee hereunder axe pteuged as sdditioi�el security for the tndebtedness secured by thls
<br /> i• Mortgage.Mortgegorehall�ay to Mortgagee the nmount of nny deiiciency t�etween the actual taxes,essessments. f��urance
<br /> premlums ond ground rents and the dcposits hereunder within 10 days after demand Is made upon Mortgagor requesting
<br /> �ayment thernot.
<br /> � 6. Ropalr,Ma[ntenonce and Use. To promptly rnpalr, mstore or rebuild any buildings or improvements naw or
<br /> ' hereafter on the Property;to keap the Property fn good condition and repalr,without waste,nnd free from tnechnnic's or
<br /> `� otl�er Itens not expressly subordinnted to the lien hernof;not to make.suffer or permit nny nufsance to exfst,nor to dlmin•
<br /> , Ish or impafr thU vnlue of the Property by nny net or omission to net;nnd to comply wlth nll requlrements of Inw with
<br /> : respect to the Property.
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