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<br />MORTGAGE
<br />
<br />118-103484
<br />
<br />'Ibis Mortgage isunwred Into between Georgia M. Davis, a single person
<br />(herein "Mortpgor") and
<br />
<br />Five Points Bank
<br />
<br />(hel1lln "Mortgagee").
<br />
<br />Mortgagor Is indebted to Mortppe In the principal sum of $ 6, 200. 00 ,evidenced by Mortgagor's now
<br />June 22 , 198a . .
<br />dated ~ (herein "Now") providing for payments of principal and Interlllt, with thli! balance of the
<br />
<br />Indebtedness, if not sooner paid. due and payable on June IS, 1'995
<br />
<br />To secure the paym!!nt of the Note, with interest as provided therein, the payment of all other sums, with Intel1llt,
<br />advanced by Moltpgeeto protect theaecurity of this Mortgage, and the. performance of the eovenanbs and agreemeabs of
<br />the Mortgagor contained herein, Mortgagor dQl!s hereby mortgage and convey to Mortgagee the following described
<br />Hall
<br />
<br />~roperty located in
<br />
<br />County, Nebraska:
<br />
<br />Lot Two (2), in Block Twenty Nine (29) in the Original
<br />Town, now City of Grand Island, Hall County, Nebraska
<br />
<br />Toeether with all bulldinp, Improvemenl.&, fixtures, streel.&, alleys, passageways. easements, rights, privileges and
<br />I(lpurteDlDCl!I located thereon or in anywise pertaining thereto, and the I1Ints. issues and profits,l1Iveniona and I1ImalndeD
<br />thereof; Including, but not limited to, heating and c:001ing equipment and such penoDll property that is attached to the
<br />improvements so as to constitute a fixtul1l; all of which, includingreplaeements and additions thel1lto, Is hel1lby cIedared
<br />to be a put of the real estate secured by the lien of this Mortgage ud all of the foregoing being refened to herein .. the
<br />"Property".
<br />
<br />Mortp&or further conftDlDIa and agrees, with Mortgagee, a follows:
<br />
<br />1. PaymeuL To pay the indebtedness and the intere.;t thereon as provided in this Mortgage and the Note.
<br />
<br />2. TiUe. Mortplor is the owner of the Property, has the right and authority to mortp&e the Property. and
<br />.......ta that the nen created hereby II a first and prior lien on the Property, except a may otherwise be set forth herein.
<br />
<br />eJ 'Ibe Property is Illbjeet to a Mo~ wherein Custer Federal Savings &. Loan of
<br />Broken Boy document #83-001779 H 11
<br />Is tile Mortpfee, recorded at ~yyyy or the Mortgql! Records of a County,
<br />NebruIla, which Mortpae Is a lien prior to the lien created hereby.
<br />
<br />o Other prior liens or encumbrances:
<br />
<br />a. TauI. Allllrrllll'" To pay when dUf all taxes, spec:ial8Slelllllenl.& and all other charges &pinst the Property
<br />and, upon written demand by Mortpcee, to add to the payments required under the Note secured hereby, such amount ..
<br />-r be lIIIffIdeDt to eaable the Movt&qee to pay such taxes, asseamenta or other ebarJIea .. they become due.
<br />
<br />4. ......... To bep the improvements now or hereafter located on the real estate described herein insured
<br />Iplnat dIIIIIfll by are and IUd! other hazards a Mortgagee may require, in amounta and with companies acceptable to the
<br />MorfcaIee, and with I~ payable to the Mortpiee. In c:ae of 1011 under such policies the Mortgagee II authorized to
<br />Idjult, eoIlect and compJODlise, In 11.& dlaeretion, all claims thereunder at Its sole option, authorized to either apply the
<br />pI'OC:McII ~ &IN ~~~l. ~ ::~~ ~~Jf~!l: ~,.IIl~~teApess ."'i~rrt ,h~~~"bUt,~,Y~~~ b;e~~~~r &!WI ~:.
<br />
<br />tiDJIR.JIDUI".IlIM~Ii'\.Ii'~1iY,AJ:l!~ ll~.." ~. .~.. '.~. ~. ~"."~n ".n n...~...... .n"hh_...... .... .._......... ..~~ ....~_..
<br />
<br />. i. (J BIaow For, TiulIDd IDIurance. Notwithstanding anythllll contained III Sand 4
<br />~1zaI)'. UcIItpwor Ihall pay to the Mortppeat the time of paying the monthly
<br />one-twelftb of the yeady taus, -.nentl, hazard Insurance premiums, and po
<br />priority Oftr this MortcaIe, all a reasonably estimated from time to time by the Mo
<br />beld by tile MortIIIee wlthoutlnterest and applied to the "yment of the Items In re
<br />dtpoeIted. '11M IUIIII paid to Mortppe Ml1Iunder are pledpd .. additional security for the indebtedneuleCUl'ed by this
<br />MofW!,lfortPlonhall pay to Mortppe the amount of any deftclency between the actual taxes, _menta, Insurance
<br />premi1unl and pound renta and the depolita helt'under within 10 days after demand 15 made upon Mortcaaor NqUl!lUnl
<br />peymeat Ihtrtof.
<br />
<br />.. ....., Maiatan_ and U.. To promplly repair, I'l!Itore or It'build any bulldlnp or Improftmentl now or
<br />hetnflft on the PropertYi to bep the Property In lood condition and I1Ipalr, without wate, and free !'rom mechanic's or
<br />otMr.... not ex""'y subordinated to &he lien bereofi not to maIIa,Nffer or penult any nulsanctlto elllat, nor to 1Ilmln.
<br />lIIb or impair the YalUI or the P\'operty by any act or ollllsalon to eet; and to comply with a1llt'qulrementa or llW with
<br />rllpfet to the Prop.rty.
<br />
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