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<br />MORTGAGE
<br />
<br />8R- 103601
<br />
<br />This Mortgage Is entered Into between
<br />husband and wife
<br />
<br />Agustin Escutia and EileenK, Escutia,
<br />
<br />Five Points Bank
<br />
<br />(herein "Mortlllor") and
<br />(herein "Mortppe").
<br />
<br />Monlllor Is Indebted to Mortgagee in the prlnclpalsum of $ 6,000.00 ,evidenced b)' Mortgagor's note
<br />
<br />.wed June 29, 198 %.ereln "Note") providing for payments of principal and Interest, with the balance of the
<br />
<br />Indebtedneu, If not soOiler Id due an~~~!~ on Jun3 15, 1998
<br />
<br />To , ., )" "; Interest as proYlded therein. the payment of all other SUDII, with Interelt,
<br />ad1anced by 0 , ~f this Mortgage, and the performance of the coveJWits and qreements of
<br />the 'Mo ':,dbes hereby mortgage and convey to Mortgagee the following dest'.ribed
<br />
<br />property loeated In
<br />
<br />~"'1]
<br />
<br />County, Nebraska:
<br />
<br />Lot Three (3), Block Nine (9), in Rollins Addition to the
<br />City of Grand Island, Hall County, Nebraska
<br />
<br />Together with all bUildill&l, Improvements, fixtures, Itreets, alleys, passageways, easements, rights, prlvileces and
<br />appwtenances loeate~ thereon or In anywise pertaining thereto, and the rents, issues and profits, revenions and remalnden
<br />thereof; Including, but not limited to, bealing and cooling equipment and such personal property that is attached to the
<br />improvements 10 81 to constitute a fixture; all of which, including replacements and additions thereto, il bereby dedared
<br />to be a part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein 81 the
<br />"Property".
<br />
<br />Mortpgor further convenants and agrees, with Mortgagee, as follows:
<br />
<br />1. Payment. To pay the Indebtedness and the intel'ellt thereon as provided In this Mortgage and the Note.
<br />
<br />2. Tille. Mortgqor Is the owner of the Property, has the right and authority to mortpge the Property,and
<br />warrants that the lien created hereby is a flnt and prior lien on the Property, except as may otherwise be set forth herein..
<br />
<br />liThe Property Is subject toa Mortpp wherein Fiv~ Pnin~l'l Rank
<br />
<br />Is the Mortpfee, recorded a~iio'i:men t of!: B, ~ 044 33 of the Mortgage Records of
<br />
<br />NebJaab. which Modple III a lien prior to the lien created hereby.
<br />
<br />Hilll
<br />
<br />County,
<br />
<br />o Other prior liens or encumbnnces:
<br />
<br />a. Taxes, -'--menla. To pay when due all taxes, lpecial assessments and all other charges against the Property
<br />and, 1IpCIIl Wlitten cIellUlDd by Mortppe, to add to the payments required under the Note secured bereby, such amount u
<br />may be IlIfficient to enable the Mortcqee to pay such taxes"usessments or other cbarp& as they become due.
<br />
<br />.. Iuaranc:e, To keep the Improvements now or hereafter loeated on the real estate described herein insured
<br />apinIt damqe by tire and.udl other hazards as Mortiacee may require, In amounts and with companies acceptable to the
<br />Mortpfee. and with log payable to the Mortgagee. In cue of loss under such policies the Mortpgee Is authorized to
<br />adjust, collect and _promise, In Its discretion, all dalms thereunder at Its sole option, authorized to eitber apply the
<br />~ to tile restor&t1on of the Property or upon the indebtedness secured hereby, but payments hereunder &ball con-
<br />liDue lIIIW the I\UIIIIl!CUl'ed hereby are paid In full,
<br />
<br />5. 0 EIcro" F. Taa and Insurance. Notwithstanding anything contained In paragraphs 3 and 4 hereof to the
<br />contrary, Mortpaor shall pay to ti18)4ortppe at the time of paying the monthly Installments of princlpal and Interest,
<br />one-twelftb af the yeady taus, _ents, hazard Insunnce premiums, and pound rents (if any) wblch may attain a
<br />pdarlty _ thIa MortcaIt. all . reasonably aUmated from lime to time by the Mortppe, The amounts so paid shall be
<br />beld by the Mortpeee without interest and applied to the payment of the Items In respect to which such amounts were
<br />depoII.....' The IUIIII paid to M~ hereunder are pledged as additional security for the Indebtedness secured by this
<br />Mortlalt, Morqqorllulll pay to Mortppe the amount of any deficiency between the actual,l.axes, assessments, Insurance
<br />premlUIIII' a4cI pound rents and the depllllts hereunder within 10 days after demand II made upon Mortgagor requesting
<br />peYlllellt thereof, .
<br />
<br />t. Repair. IIllIntnaDee and U., To promptly repair. reatore or rebuild IIDY buildlnlll or Improvements now or
<br />benaftar 011 the PropeJ'ty; to keep the Property In good condition and repair, without wllte, and free from mechanlc'l or
<br />other Ileal aot ..,..., lubonllaated to the lien hereof; not to make, luffer or pennit any nuisance to ex.lst, nor to dimin-
<br />Ish or impair the falue of the Property by any act or omlulon to act; and to comply with all requirements of law with
<br />respect &0 the Property,
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