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<br />MORTGAGE
<br />
<br />88-
<br />
<br />103313
<br />
<br />'lblI Moripp II entered IMobetween
<br />E~sband and Wife
<br />
<br />Five Points
<br />
<br />Robert D. and Nancv J. Sliva,
<br />(herein "MOJtPaor") IDd .
<br />(hemn "140-''').
<br />
<br />Bank
<br />
<br />MOl'tJIIOrll Indebted to'Monppe In the prlnclp sum or, 8,200.00 . evidenced by. MortPlOr". note
<br />, ,.,,:. -: .. ':r.,;- , " .
<br />dated. .TunA 1!'i, lQAA .(be~ln'''Note'') ~vl<Unlror payments ofprlnclpallDd Interest. with the balance of the
<br />
<br />Indebtedness, If not lOOner pild.d\Ie an.cfpayable on . June 1, 1998
<br />
<br />To &eeUl'e.thepayment of the Note. w1thlnterelt 81 provided tbereln. the payment of all other lums, with Interest.
<br />advanc:ed by MortPlee to. piotect the securlly of this Mortgage, and the performance of the covelWitsand apeemeDtl of
<br />the Mortpaor contained herein. Mortplor does bereby mort..., and convey to Mortgqee the followinl delcdbed
<br />
<br />property located In Hall County. Nebruka:
<br />
<br />North Forty-Six and Three Tenths (46.3) Feet of Lot Six
<br />(6), Block Forty Six (46), Russel Wheeler's Addition to
<br />the City of Grand Island, Hall County, Nebraska
<br />
<br />Topther with all bulldlnp, Improvementa, fixtures, Itreeta, alleys, paaqewaya. e_menta, riJbta, priwUqes aDd
<br />appurteaanc:el located thereon or In anywise pertainlnl thereto, and the rents. Iuues and proflta, reftlliollJ IJld re....I.....
<br />thereof; Includlnl, but not limited to, butlnl and coollnl equipment and IUch pelllOnaI property that II att8cbecl to the
<br />ImproyelDtnta 10 . to constitute a fixture; all of which. Includlnl replacementa and addlUolIJ thereto, II bereby dedGed
<br />to be a part of the real .tate Heured by the lien of this Mortplle and all of the fOl'elolng belnl referred to herein. the
<br />"Property" .
<br />
<br />Moatppr further connnanta and qrees, with Monppe, . followa:
<br />
<br />1. Pa)rmeat. To pay the Indebtedness and the inlel'ellt thereon as provided In thll MoJilqe and the Note.
<br />
<br />2. nUe. Mort.p&or Is the owner or the Property, has the rllht and authority to mortp&e the Property. aDd
<br />warranta that the lien created bereby Is a flnt and prior Hen on the Propeny, except. may otherwise be set forth bereIn.
<br />
<br />o Tbe Propeny Is subject to a Mortpp wherein
<br />
<br />II the Mortppe, recorded at Book . Pap or thl' Monpae Reeorcil of
<br />Nebrub, wbleb Monp. II alien prior to the Hen crealed hereby.
<br />
<br />CollDty.
<br />
<br />o Other prior liens or encumbrances:
<br />
<br />3. T..... Alii r-.ng, To pay when dul' all taxes, special -.ments and all other cI1arps apiDlt the PropeR)'
<br />and, upon written demand by MORaalee, to add to the payments required under the Note lI!Cured hereby ,such amount_
<br />may be sufficient to enable the MoJt&aIee to pay IUch taxes, _menta or other cblJ'll!l . they become due.
<br />
<br />... IDIlUance, To keep the ImproYllmenta now or bereafter located on the real estate desc:rlbed bereln Insured
<br />....nst damap by fire and IUch other hazarcil IS Mortellee may require. In amounta and with eompanles acceptable ~ the
<br />MoJt&IIee. and with 108 payable to the Mortpgee. [n cue of Iou under luch policies the Mortplee Is authorized to
<br />adjust. collect and eompromile, In Its dlac:retlon, all claims thereunder at Ita sole option, authorized to either apply the
<br />pIOCftdI to tha restoration of the Property or upon the indebtednlllsecured bereby, but paymenta bereunder dlall eon.
<br />tlnu. until the IWIII aecured hereby are paid In full.
<br />
<br />6. 0 ~ For TIll,II and IDIlUance. NotWI:..' , " '
<br />ClOCltrary, MORplor ibail pay to the MortPIH at tbe tI of"
<br />OIIMwelfth of the yearly taxes. ......ments. hazard Insu . '" . \(It any)wblcb may attain a
<br />pdCJrI&y over thil MGrtpp, all. reasonably tltlmated trolll ,.., ' . ,\[be amounta 10 paid dIaIl be
<br />boIId by the Mortppe without Intenlt and applied to the payment of tile ltams In _peet to wblch luch amounta were
<br />depollted. Tbe sums paid to Morip.. bereunder are plectaed . addltlonal Heurlt)' for the Indebtedn_ Heurtd by this
<br />~. Mortpconhall pay to Mortlll" the amount of any deficiency between the actual ,taxes. _menta, Insurance
<br />premiums and pound rente: and the deposita hereunder within 10 daye after demend Is made upon MortplOr requllltlnl
<br />'payment thereof.
<br />
<br />8. RAtpair. Maintenance IDd U.. To promptly repair. l'l!ltore or rebuild any bulldlnp or Improyementa now or
<br />hereaRer on lbe Property; to keep the Property In load condition and repair, without w.te, and t'ree rrom mechanic's or
<br />other liens not upreuly subordinated to th. Utili hmor; not to make, eurr.r or pennlt any nulll/lCt! to exist, nor to dlmln.
<br />lib Of Impair lb. ,alue of th. Property by any aet or omlulon to aet: and to comply with all requlrementa or law with
<br />-PHi &0 the Property.
<br />
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