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<br /> MOItTGA�i� ��^�.�1.����►�' .
<br /> 'it�lsMortgage Ise;aterud Into F►etweei►• Er�� �-•-b�lnni�rf & Angie L mmers, h�ah�nrL
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<br /> �nd wife (he�1n"Mortgagor")and �. ��
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<br /> FivP Pnlnfa Rank a Nphraaka /' �
<br /> � _„prnnratie (herein"Mortgagea"). �_
<br /> Mortgsgur!s fndebted to Mortgugee In the principel suni oP S 2_7U.0�51l�.evidenced by Mortgagor's note "
<br /> dated Dec2mber 15. 19�Y�in"Note")provtding far payments of principal and interest,R�1th the balanc�ot the ' *�
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<br /> hidebtedness,if not sooner pald,due and paynble an .lanuerY 1. 2000 , -
<br /> To socure the payment of the Note,with Interest as pcovided therein,the paymont of ell otheT sucns,with interest, -
<br /> advanced by Mortgegee to protect the secu�t¢y of tI�is Mortgage,nnd the pextormence o4 the cavenents and sgreernents of. _
<br /> the Moxtgagor contafned hetein, D4ottgbgor doss hereby [t►ortgege �nd convoy to Mortgagce the tollovring described
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<br /> property located in N?II ��_County, Nobreskn: ,.
<br /> Lot One (1), in Block Flve t5), of Russel Wheeler's Additi�n to th� City of ;-
<br /> Crand Island, Hell County. Nebraslca. :. ,F.{�,,, Y
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<br /> Together wfth aU bufldSngs,improvements,flxtures,streets,alleys.patisageways, easements,Nghts,prlvileges nnd �
<br /> appurtenences located thernon or In anywise pertaining thereto,andthernnts,4ssues and proGts,rev,e�slons and rom�lnders
<br /> thereof;including, but not limited tc►,heating and cooling equipment and such personal groperty that is attached to the , ° �
<br /> fmprovements so as to canatltute a fixture;NI of which, including replacements and addltions thereto,is hereby declared
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<br /> to be a part o8 the real estate secured by the Ilen of this Mortgege and dl of the Ioregoing betng reteaed to hetein es ihe �, •,
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<br /> ��Property" . .
<br /> Mortgagor flirther convenanis and ngrees,with Mortgogee�as follows: , x���
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<br /> 1. Payment. To pay the indebtedness nnd the interest thereon as provided ln this Mortgcge end the Note. �� •�' +s •
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<br /> 2. Title. Mortgagor is the owner ot the Property, hes the right and uuthorlty to mortgage the Property,and ; ,
<br /> warrants that the lten created hereby is a titst end prior Ilen on the Property,except es may otherwise be set farth heretn. . . ;°:�:-j--
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<br /> Fivp Pninta Bank a NPhragka .or,�,� -„�� . ~�
<br /> [�The Property is subject to a Mortgage wherefn .
<br /> Ss tlie Mortgagee,recorded at Book ,Pnge of the Mortgage Recoxds ot --�1all County��
<br /> Nebraska,wh[ch Mortgege is a Iten prior to the llen created hereby. . ' � ' �*
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<br /> O Other prlor liens or encumbiances: — -
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<br /> 3.Taxes�Assessments. To pay when due all texes,specinl nssessments and all other charges against the Property
<br /> and,upon wrltten demand by Mortgogee,to add to the payments required under the Note secured hereby,such amount as
<br /> may be sufflcient to enable the Mortgagee to puy such taxes,essessmenta or other charges es they become due. I�
<br /> 4. Ins�uance. To keep the improvements now or hecenfter loc¢ted on the real eatate described heiein insured i
<br /> aguinst damage by flre'end such other hezards as Mortgagee may requise,in nmounts und with compnntes acceptable to the �
<br /> Pliort,�agee,and with loss payable to the Mortgagee. In cuse of loss under such poltctes the Mortgagee Is authorized to
<br /> c�Just,ce!le�t snd comrxomfse,tn itn dtscmttoa,all clefms tl�ereunder at Its sole optfon, authorlaed to either npply the
<br /> proceeds to the restornHon of tho Property or upbn the Inde4�tedness secured hemby,but payments hereunder shall con•
<br /> tinue•untfl the sums secured hernby ar�patd in tull. � '
<br /> G. ❑E.scrow Eot Taxes nud Insurence. Natwithstnnding unyth[ng contafned tn pnrngraphs 3 und 4 herno4 to the
<br /> contrary, Mortgegor shel! �ay to the Mort�agae at the time of puying the monthly fnstnllments of prtncipnl und tnterest,
<br /> � one•twelfth of the yearly txx4s,assessments,hnzard insurance premi�ams,und ground rents (it nny)whtch mny attufn a �
<br /> :�_._ �__�..�L�u�.a.....m ?9�0 o�nunln c�nnid eholl ha
<br /> • prioriiy over inis irtorFgage�aii at n�a�v�ib`viy i-�iiuc6P,&u ia3au Causc w 2m.� v� ..boa.�. r-------
<br /> � held by the MortgaQee without fnterest and applled to the payment ot the ttem9 in rnspect to whtch such amounts were
<br /> deposited.'1`he sums pafd to Mortgagee hereunder ere pledged es addltlonN secudty for the indebtedness secured by thfs
<br /> , Mortguge.biortgngor shell pay to Mortgagee the nmount ot uny deficiency between the actunl taxes,assessments, insurnnce
<br /> ' preyniums and ground ronts and the deposits hereundrr within 10 days after dcmnnd is made upon Mortgngor req��esting
<br /> ��' ' payment thereof.
<br /> 6. Repair,Malntenonce and Uce. To promptly repafr,rnstore or rebufld nny bufldlnp,s or fmprovementa now or
<br /> � heieofter on the Yrogerty;to keep the Property in good condition and repalr,wfthout waste,and frne from mechantc's or
<br /> � other Itens not expressly subordlnnted to the ilen hereof;not to make,auffer or permit uny nuisunce to exlst,nor to dimtn•
<br /> ish or Itnpafr the value of the Property by any act or omission to sct;and to comply vrith All mqufrementa of law�vith
<br /> ' respect to ttte Ptoperty.
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