<br />88- 101963
<br />
<br />MORTGAGE
<br />
<br />This Mortgage is entered into between
<br />Jakubowski
<br />FIVE POINTS BANK
<br />
<br />Robe~t L. Jakubowski and Isabelle B.
<br />
<br />(herein "Mortgagor") and
<br />(herein "Mortgagee ").
<br />
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 1,000.00 , evidenced by Mortgagor's note
<br />.. ::.;, dated' 4/19/88 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />Inlicbtedness, if not sooner paid, due and payable on 4 /19 /8 9
<br />. . .
<br />': ,~.. .'. T6si{cure the paymeiltof the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />. advaP~4 b:xM()rtgagee to protect the security of this Mortgage, and the performahce of the covenants and agreements of
<br />the ,Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following desclibed
<br />
<br />. property located in .
<br />
<br />Hall
<br />
<br />County, Nebraska:
<br />
<br />The South Fifty Feet Eight Inches (50'8") of the North One
<br />Hundred Three (103'4") feet four inches of the West One
<br />Half (W~) of Block Two (2), Pleasant Home Subdivision,
<br />known as 1207 South Lincoln, Grand Island, Hall County,
<br />Nebraska
<br />
<br />Toge.ther with all buildings, improvements, fixtures, streets, alleys, passageways, easements, 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 i>>art of the real estate secured by the lien of this Mortgage and all oC the foregoing being referred toberein as the
<br />. - .~'PropeJtY"~
<br />
<br />Mortgagor further conven~.nts and agrees, with Mortgagee, as Collows:
<br />
<br />.1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />
<br />2. TitJe. . Mortgagor is the. owner of the Property, has the right and authority to mortgage the Property, and
<br />wUranb that the lien creaied hereby is a first and prior lien on t he Property, except as may otherwise be set forth herein.
<br />
<br />o '!be Property is subject to a Mortgage wherein
<br />
<br />. .
<br />is .tbe Mortgagee, recorded at Book __, Page of the Mortgage Records of
<br />NebtaSka, which MOrtgage is a lien prior to the lien created hereby.
<br />
<br />County,
<br />
<br />o Other prior liens or encumbrances:
<br />
<br />
<br />
<br />. .. 3.. 1'Ues. Asiesainents. To pay whim due all taxes, special assessments and all other charges against the Property
<br />and., uPon written. demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />...iDJY. be ~~cient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />
<br />. . ':4. 1n.&urant:e.T() keep Ui.e improvements ~ow or hereaCter located on the real estale described herein insured
<br />., ..pinst damage by fire. and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />~or:tJagee. ad with .l~, paY.Mle to the Mortgagee. In case of loss under such polici.es the Mortgagee is authorized to
<br />.adjuit; cOIhict. and Compromise, in its , discretion, all clBimsthereunder at its sole option, authorized to either'apply the
<br />proCeeChto'lbe restoration' oCthe.Prope~ or upon the indebtedness secured hereby, but payments hereunder shall con.
<br />:.tln.ue UnjltheSwDs~d bereby are paid inrull.
<br />
<br />.,~ ., . .~.PElCrow Fo~Tu:es andll1SUl"lllce. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />,'~tiuy~: MortiaIor shall pay to the Mortgagee at the t.ime of paying the monthly installments of principal and interest,
<br />~eltui-of~e ye~ytUes, aSsessments, hazard insurance premiums, and ground rents (if any) which may attaina
<br />;_PriOrity~itliis:Moltpge. ailas reasonably estiniatedfrom time iotime by the Mortgagee. The amounts so paid shall be
<br />, ,~*',I;ty' ~)IO~'wiUu~ut i,nterestand. appHed.tothe payment of the Items in respect to which such amounts were
<br />,'~ted.'nl~ 'luin5-'Ja~dt:oMQrtpgee hereunder are pledged as additional security Corthe indebtedness secured by this
<br />c..;~jtjiie--, ~~rtpgorih~ pay .toMortgagtiethe amount ohny. deficiency between the actual taxes, assessments, insumnce
<br />d'O~ini.'irni ~d.grouildren.t.slll1dthe deposits hereunder within 10 days after demand is mGue upon Mortgagor requesting
<br />,'-pey:men(thereof.. . : . -
<br />
<br />" ,.,.Itepair, Maifttenuce and Use,. To promptly repair, restore or rebuild any buildings or improvt'ments now or
<br />be~aftelf.()I1lheProPerty; to keep the Property In good condition and repair, witbout waste, and fri'e Crom mechanic's or
<br />.otherUeni not upies&ly subordinated ,to the lien hereof; hot to make, suffer or permit any nuisance to exist, nor to dimin.
<br />ilbor Impur thevalUll ofthe Property by any act or omission to act; and to comply with all requil'tlm('nts oC law with
<br />Mpi!d to the Property.
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