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<br />MORTGAGE
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<br />88- 101055
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<br />This Mortgage is entered Into between
<br />Nebraska Corporation
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<br />The Abundant Life 'Christian Center, Inc., A
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<br />(herein "M()rtgag()r") and
<br />(herein. "~ortg!lgee ").
<br />,evidencedbyMortgagor's note
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<br />GrandlSland,Nebraska
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<br />indebtedness, ifnotsooner paid, due and payab\~ ()nMay.. l, . 1988
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<br />T() secutethe pay merit of the Note, with interest as provided therein, the payment of aU other sUms,Witl1interest,
<br />advanced by "Mortgagee. topi9tect the securitY of this Mortgage, and the performance oUhe covenants and a~ements of
<br />the Mortgagor contained herein,. Mortgagor' dOes hereby mortgage and convey to Mortgagee the folloWing ~described
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<br />propertyloeatedin
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<br />Hall
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<br />Cou~ty, Nebraska:
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<br />See attached Exhibit "A"
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<br />Togetner with all buildings, improvements, fixtures, streets,alleys, passageways,. easements, rights, privileges and
<br />, 'appurtenances lOCated therecn or in anywise pertaining thereto, and the rents, issues and profits, reversions and remainders
<br />thereof; including, but not limited to, heat.ingaildcooling equipment and such personal property that is attached tci the
<br />improvements so as to,constitu.tea fIXture; all of Which, including replacements and additions thereto, is hereby declared
<br />to be a part of the lell1 estate' secured by the lien olthis Mortgage and all of the foregoing being referred to herein as the
<br />"Property".
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<br />Mortgagor further convenants arid agrees; with Mortgagee, as follows:
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<br />1. HPayD'lellt. To pay the indebtedness and the interest thereon as pr()vided in this Mortgage and the Note.
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<br />2. TiUe. . MortPgoristhe owner Of the Property, has the right and authority to mortgage the :Pl.-operty, and
<br />warrants. that. the liim created hereby is a first and prior lien on the, Property, except as mayotherwi5e beset forth herein.
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<br />IX The . Property is subject to II Mortgage wherein
<br />. '. . .. . . '." as document /187-105006
<br />. . dstheMortgagee, recorded lIItJBrU . ~ .. of the Mortgage Records of
<br />Nel;lmka, which Mortgage is a lien prior to the lien created hereby.
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<br />Fiu~ Points RAnk
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<br />Hall
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<br />County,
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<br />3. .Taxes, AslIeIisments. T~ pay when due all taxes, special assessments and all other charges against the Property
<br />ilid, upOn written demand by Mortgagee, to add to the paymentS required under the. Note secured hereby; such' amount as
<br />. maytJesufficienttoenable the Mortgagee to pay such taxes, assessments or other charges as they become due.
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<br />, .... ....4:;I~ce.Tokeepthe,improVemtmts now orherea(ter located onthe real estate described herein insured
<br />qaiitat, ~.III.~~y Pre and s~cho~hefhazards . Mortgagee may require, in amounts .and with companies acceptable to the
<br />"Mo~'and ,with loss payable to the Mortgigee. In case of loss under such policies the Mortgagee Is authorized to
<br />adjuati~oIlec~and compromise;.initsdiscnition. all claims thereunder at its sole option, authorized to eitherapply the
<br />, proCeedS to the restoration of the Pro~rty or upon the indebtedness secured hereby, but payments hereunder shall con.
<br />tinue' untO 'the sums secUred hereby 'are ~illn MI. .: '
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<br />:.' .6.[T EicrOw For TilXesi and IDaUrance. NotwithstamUilg anything contained In paragiaphs 3 and 4 hereof to the
<br />CQn,trarY,M?rtgqorshlllpaytOth,eM.orti8gee at the time of paying the monthly installments of principal and interest,
<br />~e:tw:elf~ .of. the.yelrlytaxei'assessrnents,b~ Insurance PJemiums, and ground rents (if' any) which may attains
<br />prjOrity:~'er,:th18..Mon.a;e.alras reasonably~t1mated fi'omtlme.totlme by the Mortgagee. The amounts so paid shall be
<br />'htld. .by~~; ,~o~.wlthoutjnterestand applleci:19the paYmeDtof the items In respect to which such amounts were
<br />.:~~~cI.,':~lll1rDs. palc1t() Mortpgeehereunderarepledged as.addltlonal security for the indebtedness secured by. this
<br />\~~JIi..:;~~or~1 paYtoMor~theamount of any deficiency between the actual taxes,assessments, insurance
<br />~~u~:!!Ji~.~ulldrents,andthedeposltshereunderwithinlO days. after demand is made upon Mortgagor requesting
<br />i~i~ntt\'l~~f:, ........., '" "
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<br />;~';'.6.~,~~ and U~.To promPtly repair, restore or rebuild any buildings or improvements no,w or
<br />hl!re.fte,~Oll,th~PrcJ~rt)'; to~eeptheProperty In good condition and repair, without waste, and free from mechanic's or
<br />'othe!Uen81i~t~)tP~YSubo.rdlnated.to th"elienhereof; not to make~ suffer or permit any nuisance to exist, nor 1,0 dlm!n-
<br />\shot ImpiUrtlle ,alu" of the Property by any act or omission to act; and to comply with all requirements of law with
<br />respect to the P'toperty. . .
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