|
<br />r.
<br />
<br />.. 0..
<br />,.'
<br />
<br />,.
<br />
<br />
<br />
<br />
<br />
<br />~
<br />~
<br />~
<br />i
<br />r
<br />(
<br />f
<br />
<br />87- 107248
<br />
<br />MORTGAGE
<br />
<br />,~
<br />
<br />This Mortgage is entered into between
<br />Husband and Wife
<br />Five Points Bank
<br />
<br />Mark J. Griesman and Rita J. Griesman,
<br />
<br />(herein "Mortgagor") and
<br />(herein "Mortgagee ").
<br />
<br />Mortgagor is indebted to Mortgagee in the principal sum of$ 15.000. , evidenced by Mortgagor's note
<br />daied December 11, 1987 (herein "Note") providing for payments of principal and interest, with thE' baiance of the
<br />indebtedness, if not. sooner paid, due and payable on December 15, 1997
<br />
<br />To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of.
<br />the Mortgagor .contained herein, MOitgagor does. hereby mortgage and convey to Mortgagee the following described
<br />
<br />Hall
<br />
<br />property located in
<br />
<br />County, Nebraska:
<br />
<br />Lot Two (2), in Griesman Subdivision, an Addition to the City
<br />
<br />of Grand Island, Hall County, Nebraska
<br />
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, E'asE'ments, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and thE' rents. issues and profits, reversions and remainders
<br />thereof; including, but not limited to, heating and cooling equipment and such personal property that is attached to the
<br />improvements so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of this MortgagE' and all of the foregoing being referred to herein as the
<br />"Property".
<br />
<br />Mortgagor further convenants and agrees, with MortgagE'e. as follows:
<br />
<br />1. Payment. To pay the indebtedness and the interE'st thereon as providE'd in this Mortgage and the Note.
<br />
<br />2. TiUe. Mortgagor is the owner of the Property, ha< the right and authority to mortgage the Property, and
<br />warrants that the lien created hereby is a first and prior lien on the PropPrty. E'xcept as may otherwise be set forth herein.
<br />
<br />o The Property is subject to a Mortgag.. wherein __
<br />
<br />Is the Mortgagee, recorded at Book , Page of thl' Mortgage RE'cords of
<br />Nebraska, which Mortgag.. is a lien prior to th.. lien crE'ated herE'by.
<br />
<br />:U Other priorli..ns or encumbrances: Mortgage executed by Mark J. Griesman, a single person
<br />
<br />to Anthony E. Griesman to secure $26,500. Mortsage dated August 11, 1982, Document
<br />
<br />County,
<br />
<br />482-003395. Subordination Agreement executed December 5, 1987 in favor of Five Points
<br />Bank by Anthony E. Griesman.
<br />3. Taxes, Asressmerlt&. To pay when due all taxes, sp..cial assessments and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to th.. payments required under thE' Note secured hereby, such amount as
<br />III&Y be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />
<br />4. Insurance. To keep the improvem..nts now or hereafter located on the real estate described herein insured
<br />apinst damage by fire and such other hazards as MortgagE'e may require, in amounts and with companies acceptable to the
<br />Mortgagee, and with loss payable to the Mortgagee. In case of loss undN such policies the Mortgagee is authorized to
<br />. adjust, collect and compromise, in its discretion, all claims thE'reundE'r at its sole option, authorized to either apply the
<br />proceeds to the restoration of the Property or upon thE' indebtedness secured hereby, but payments hereunder shall con.
<br />tinue until the sums secured hereby are paid in full.
<br />.r~; ;1~~i. .,":', -:..', ::. .>...;
<br />5. 0 Escrow For Tues and Insurance. Notwithstanding anything containetl,l:lltl~q~ :3 and 4 here()( to the
<br />contrary, Mortgagor shall pay to the Mortgllgee at the time of paying the monthly \na~!m~ ~ Pr\l1cipal and i~ten!st,
<br />one-twelfth of the yearly taxes, assessments. hazard insuranc!' premiums, and grou~~f.JIlIY) whichmayatuln a
<br />priority over this Mortgage, all M reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />held by the Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtednE'ss secured by this
<br />Mortgage.. Mortgagor shall pay to Mortgagee the amount of any deficiency betwet'll thl' actual taxes, assessments, insurance
<br />premiums and ground rents and the deposit;; hereunder within 10 days aftl'r demand is made upon Mortgagor r..questing
<br />. payment thereof.
<br />
<br />6. Repair, Maintenance and Use. To promptly repair, rE'stor.. or rebuild any buildings or improvements now or
<br />hereafter on the Property; to kl'ep thl' Propert)' in good condition and repair, without waste, and free from mechanic's or
<br />otherUens not expressly subordinatl'd to thl' Iipn hereof; not to make, suffer or pI'rmit any nuisanc!' to exisl, nor 10 dimln.
<br />\$h or Impair the value o( the Propelty hy any act or omission to act; and to comply with all requirl'llll'nts of law with
<br />TCSpl'ctto the Property.
<br />
<br />
<br />
<br />l
<br />
<br />
<br />. j -~..
<br />-:.1
<br />
|