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<br />MORTGAGE
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<br />- 'Ib,is ,f.ortgage is entered intolH!tween
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<br />Five'Pofuts
<br />Mo~or is indebted to M()rtgag~ in the' principal sum of $ 5.000,00
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<br />Arthur C. Sims and Shawn K. Sims. Husband
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<br />(herein UMortgBgor"}and
<br />(herein "Mortgagee~').
<br />. e\idenced by Mortgagor'snole
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<br />daled '2127/P.2
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<br />(herein "Note") providing for payments of principal and Intelt'st, with the balanC(! of the
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<br />indebtedness; if not 500ner p.id. due and payable on April 1, 1992
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<br />, .'. TOlieCUrethepaY~l!tof,the)'~ote. with interest as provided thprein. the payment of all other sums. with interest.
<br />. "advanced by, ~6rtpigee, to" protect the seewity of this Mortgage. and the pt"rCormlnce of the covenants and agreements of
<br />the Yortpeor COIlwned,b~reill. M~dOes. hereby mortgage and convey to Mortgagee the Collowingdescribed
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<br />property located in
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<br />uan' "~.",,,-,", VoUnty. Nebruka:
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<br />Lots Four (4) and Five (5) in Block One (1) in Roush Subdivision A Re-
<br />Subdivision of the North 543 Feet of Lots One (1) Thru Fifteen (15)
<br />Inclusive of Matthews Subdivision of Part of NW % of Section 27 In
<br />Township 11 North Range 9 l~est of the 6th P.M.. Hall County. Nebr.
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<br />" ..Tocether with all buildings. imptu\'ements, fixtures. streets. alll')"s, ~ways. l'llSeml'nts, rights, plWilrges and
<br />appurieIIance$ lomwd thereon or in anywise pertaininc the-reto, llnd tht' rt'nts issut's Bnd profits, rewrsions and remain den
<br />tbeteof; indudiDl, but not limited to. heating and coo1inl iPquipmpnt and such pt"rsonal propE'rty thlt is attacbt"d to the
<br />imp.~tI so ai to conslitute a rlJtture~ an of which, including repll<"t"me-nts and additions thereto, is he-reby declared
<br />to be . put or the real estate secured by the lien of this Mortcage and all of the fOl'Pgoing being referred to herein as the
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<br />JIortpcor fllrther oonwenantl and JIItt"ES. with Morlplt'f', as fol1o'o\'s:
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<br />1. PaymeeL To...y the iDdebt.f.dness and the intt'rt'stlhl't't'"on as prO\idl'd in this Mortgage and the Note.
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<br />Z. Title. Mortpcor is the O1mt'r of tht' Property. has thl' right llnd authority to morlilll' the Property, and
<br />wmDDtI that the lien created berf,by il;. first and prior lipn on tilt' ProiM'rty. t'x",p( a.'l ml~' otht'rwise be set forth herein.
<br />
<br />XI '11M! Property is subjed loa Mortpge wht'J-ein ---Eilla Pninn: R~n\: Nphr~l':kJ:l l'I,",Tr-g;:agP Finnnce Fund
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<br />. die 1Iortpaft,IHOI'ded at Boot , Paet- _~ of tbl' Mortgage Rt'cords of
<br />NebnIb. which IIortper is alien prior to tht' lien l"n'alt'd hl.lt'b~'.
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<br />County,
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<br />o OUwr prior Hem; or t'nwmbram:,":
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<br />3.Tus. ,A -tL To pay wh.n dul' alllax('S, sPf'Cial ISSt'lSrnt'flts and all othl'r chal'Jft a.ainst the Property
<br />uti. upoo wriUea demand by Mortpcpt',lo add to the payml'nt.s n>quilt'd unde-r the Note Sf'Cured hereby, such amount IS
<br />.1IDq be, suflkieDt to enable the MortJIIH to pay such taxft, &SlieSSml'nts or other clIlrpS as they bPcome due.
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<br />t. f .... TO u.p the improwlllf'nts'now or tK>w.after loc:att'd on the rt"al eslate dncribed herein insurt'd
<br />, . '......... by fire ad 5Udi otberhUards as MOf'tIait't' RIa)' I'f'quire, in amounts and with compllnil's lCfi'ptable to the
<br />~~jr. .. withloli ..yable to die Mortwef'. In alit' of 10SIi under I;uch poIicips the MortPIN' is authorized to
<br />: ad)lllt. . eaIIec:t _~. ill its ttilcrPtion. all claims thereunder at. its sole oplion. authorized to eith.r apply tht'
<br />....1. to u. ..___ or the PftJperty orUpoD the indebt.edtll'SS securt'd bt'reby, but payments ht'",under shall con.
<br />. ,tiIIIie"uaw &be _ ___ Mrelty aft pUll in full.
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<br />. . ."..' 5; 0 E.aow F.. T*!UilI-. i:-'V-te. Notwi.tbstandiDl any thin. amt.ained in p8ragra!Jhs 3 and 4 . hereof to the
<br />~. ....... .....pay ~, tM, ~ at the ~.. alpeyilll tb,e mCN,lthly installments of principal and interest.
<br />,. 'l~RI!~ ..~. ,.......,: ~ ~r:--1~.hUard i~ iftmiums, and ground rents (if' any) which may atWin I
<br />,nari:tY '.. dIilMoitiilt. aU. _lftIIOUbly eHimaWd from unw to time by the Mort.pcPt'. The amounts so paid shail be
<br />.... b;~""""_Wi~t~tewsl.""'d applied to 'the Pl:yment oftht' items in respect to which such amount5 were
<br />~~~-1IIe""'''tO,:~ .~. ... PJt'dtpd as adcSlUonal ieC\lrity for the indt'btedne&5 H'Clured by this
<br />~ "J~"""'~ .Mt.o....... UK> IIIIIlJUnt of any deficiency betwpen lhe t<=iual tans, USE'5Srmnt.s. insurance
<br />r-.~- "PGulllhnta "and u.. depoftlU tw~under within 10 days after demand is mad€' upon Mortlllor rt'q1l6t1ng
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<br />," , t....... JibIa....... MIl u.. To pfomptl)' "'~ir. mto", or ",build any buildings or improvements now or
<br />h .t, ~ 011 tIN> Property; to ket'p Uw Prop.rty in Iood condition and "'JMlr. without W..tl" and fft'(' from mt'Chani("s Of
<br />udwr'" noI. nprtllly subordilWH to tht lien hf'rtof; nolto mallf', IUff.r Qf JM'nnil any nulsan('(' to nisl. nor 10 dimln-
<br />Ilia "I..,.&r the ,at. or.lhf! rro,..rty by any ~t or omilllon to acl; Ind to comply with all R'Qulfl'tnenb of law willi
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