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�• � m �� I � i.' o n m om � = rD In MORTGAGE THIS MORTGAGE is entered into between Thomas & Lorinda Brown, (herein called "MORTGAGOR"), and Central Nebraska Commmrity Services, 1%. a Nebraska Non - Profit Corporation (herein called "MORTGAGEE) ". MON TGAGOR is indebted to MORTGAGEE in the prin*al sum of Fourteen thousand nine hundred ninety -nice Dollars ($ 14 999.001, evidenced by a Project Loan asteement, dated Ave ist 21 2 (herein called °Agreement "), Islas any and all change ordaM with payment due on November 21002, unless forgives of defined betnw. To secure the payment of the amount due under the Agreement and the performance of the covenants and agreements of the MORIGAGOR contained herein, MORTGAGOR does hereby mortgage and convey in MORTGAGEE the following described property: n Lot 18 EI /2 Block C Parkview, Grand Island, NE together with all buildings and inrpsrements located thereon, and the reins, issues and profits, revisions, and remainders the real and all of the fallowing being referred to herein as the "Property*. MORTGAGOR further convenants and agrees with MORTGAGEE as follows: 1. Pa t. To pay tlt Indebtedness as provided in this Mortgage and the Agreement with a due to of September 12 , 2012 unless forgiven by virtue of properly having not transferred ownership from MORTGAGOR nor principal residency of MORTGAGOR having been relinquished prior to the date previously stated. Should MORTGAGOR permanently vacate Property as describeLabove payment shall be made as follows: DATE OF SALE OR PERCENT OF DATE OF SALE OR PERCENT OF CHANGE OF INDEBTEDNESS CHANGE OF INDEBTILDNESS OCCUPANCY TO BE REPAID OCCUPANCY TO BE REPAID Between 09/12/02 - 09/11/03 100% Between 09/12/08 - 09/11/09 40% Between 09/12/ - 10/11/04 90% Between 09 /12/09- 11/10 30% Between 09 /12/04 - 10111105 80% Between 09!12/10 - I1 /ll 20% Between 09/12/05 - 10/11/06 70% Between 0 /11 - 09/11/12 1094 Between 09/12 /06.10 /11/07 60% On or Alter 09 /12/12 0% Between 09 /12/07 - 10/11/08 50% Title. MORTGAGOR is the owner of the Property, has the right and authority to - mortgage the Property, and wartants that the lien created hereby is a valid lien on the Property, 2. Tales and Assessment. To pay Y*n due all taxes, special assessments and all other charges against the Property. 3. Insurance. To keep the Improvements now or hereafter located on the real estate described herein insured against damage by fire and such other barards. 4. Tales and Insurance. MORTGAGOR shall pay the real esWe taxes and insurance payments and shall keep such payments current during the term of this Mortgage. 5. Repair Maintenance and Use. To promptly repair, restore or rebuild any buildings or improvements now or hereafter an the Property; to keep the Property in good condition and repair, without waste, and free from mechanic's or other liens not expressly rdinated to the lien hereof not to make, suffer, or permit any nuisance to exist, nor to finish or iYA*dr the value of the Property by any act or omission to act; and to comply with all requirements of law with respect to the Property.