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<br />MORTGAGE 88~ 102897
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<br />This Mortgage is entered into between DoUQ:-_G:' Fotinos and
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<br />"- . : ' Beth M. Fotinos, Husband and Wife (herein "Mortgagor") and
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<br />Adams County Bank (herein "Mort~~ ").
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<br />MortPI!)r is indebted to Mortgagee in the principal sum of $ 66,000.00 , evidenced by Mortga!lor's note
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<br />dated June 3, 1988 Cnereln "Note") providing for payments of principal and interest, with the balance 'ilf the'
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<br />Indebtediil'9,ltnot sooner pald, due and payable on JunE! 1. 1993
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<br />TOsecurelhe payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgaree to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contaliled herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />Hall
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<br />Tocether with all buildinp, lmprovement.~, nlit"re~, ~t/"l'e~, 1I1\lY1i, p~~ways, easements, rights, pri\'i1eges and
<br />apPUJ'teIWlee5 locat.ed thereon or In anywise pertalnlng the/"l'lo, and !.he rents. issues and profits, reversions and remainders
<br />thereof; includlnl, but not limited to, heating and cooling equipment and such personal property that. is attached to the
<br />Improyemenil so u 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 herehns th.,
<br />"Property" .
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<br />Mortp&or fUrther collYen'nbi Ind ipee$, with MortPllle, lIS follows:
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<br />1. PaYIIWlL To pay the indebtednea and the inu-rest thereon as prOVided In this Mortga~ and the Note,
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<br />2. TItle. Mortgagor is the owner of the Property, has the rilhtand authority to mortgage the Property, and
<br />warnnb that the lien ereated bereb)' is a fln:t and prior lien on the Propert~" eXCf'pt as may otherwise be set forth herein.
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<br />o The Property is 5ubjtocl to II Mortpge whernin
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<br />is the Monppe, reeo~d at Book , Page __ of the Mortgage Records of
<br />Nebruka, which Mortplll' Is a Hen prior to the lien created hereby.
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<br />County ,
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<br />o Other prior liens or encumbrances:
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<br />a. Tues, "-ncmla. To pay when dui' lIIl laxest special assessments and all otber charges against tbe Property
<br />and, upon written demand by Mo~l!', to add to the payments required under the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortpeee to pay such taxes, ISSl"SSments or other charges as they become due,
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<br />4. InllllnDCe. To bep !.he im:)tovements now or hereafter located on the real estllte described hl'rein insured
<br />apinst damap by tire and sudl other hazard>> as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgaget!'. and with 10000pa)'abl~ to tile Mortgag~, In case of loss under such policies the Mortgagee is authoriz!'d to
<br />adjust., coiltet andeOmpromlseo; In Its dJiCretion, all claims thl!reunder at its sole option, authorized toeithenpply the
<br />proeeed. to the restoration of the Property or upon thE' bidebtedness secured hereby, but payments hereunder shill con.
<br />tinue IUItilthe SUIl11l secured hereby are paid in full,
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<br />5. 0 FAmnr Far 'Fues and Insurancr. Notwithstanding anything contillned in paragraphs 3 and <I hl'reof to the
<br />contruy, Mortp<<or ablll pay to the Mortpgee at the time of paying the monthly installments of principal and intl'.n.'8t,
<br />OI1Mwflftb of the yully tul!tl, w.essmeilb, hazard Insurance premiums, IInd ground rents (if any) which may aUaln II
<br />prlorlt)' oy!!r lbll MortPll', all. reuo.lIbly estimated tram time to timl:' by thl.' Mortgaget', The amount!; so paid ,hllll be
<br />held by th!I Mortf,lCftl without Intc~st andapplltd to the payml'nt of thE' Items In respect to which such IImollntl; were
<br />cWpoiIwd. 1111 IUIIU paid to Moltpl/fe hereundilr are pledged as additional security for I,he indl:'bh'dntlSll sl'cu~dby thiS
<br />J" ~rtlDP' Mmt(llOuball plY to Mort.agl>e th" amount or ally dcnclency bl'tw!.'en the actual taus, 1lS.'\'lI$R\Cntll. InsuranCll
<br />. pnmiul7II and jp'Ound ren'" and thl! depOlllUl hel't'undtr within 10 days a(tllr demand Is made upon Mor4111lllf n'qul'slinll
<br />paymfmt lhcn.or.
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<br />G. Repilr, Malnl.tmalK:e end UM!. 1'0 promptJy fl.".lr. f'('ston' or rl.'bulld on)' buildings elf hnprovl.O!t'nt., now or
<br />llA'mf\.tor on the PtOpjtrtYi to kMlp lbl1 Propllrty In good ('ondltllln lIlld ""pair, wlthllut wa.,ll', nlld frN' rl"<lnl nll'dlnllk', elf
<br />(~th..tll"n) not .llprnsly 5ubordlnatl1,d to the Ill'll hl!fl'of~ 1I0t to make, suff~r or permit I1I1Y nulsllnt'{. to nlst,llot 10 dlmlll,
<br />Ish Of fmplllr thl' vllluf' of the ProPl!rty b~' all)' lid {If omlil$loll to lid; IInd to comply \'.'ltl1 all tl'''llllrI'lUt'nls or law with
<br />I't"p<<"d to tb. Pr<lpcrty.
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