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SUPPLEMENTAL MORTGAGE 88--'103758 THIS SUPPLEMENTAl MORTGAGE (the "Hortgage") is made this 1st day of Augu.t, 1988. between the Mortgagor, 'ntomas E. Clark and Stephanie S. Clark, husband and wife (herein "Borrower"), and the Mortgagee, General Electric Mortgage Securities Corporation, a corporation organized and existing under the laws of Delaware, whoae address is 6601 Six Forks Road. Raleigh, North Carolina 27615 (herein "Lender"). WHEREAS, Borrower Is indebted to Lender in the principal sum of U.S. $12,225.57, which indebtedness is evidenced by Borrower's note dated August I, 1988 and all extensions, renewals. modifications, substitutions. increases or restate.ents thereof (herein "Note"), providing for principal and interest, due and payable on August 1, 1993; TO S~CURE to Lender the repayaent of the indebtedness evidenced by the Note, with interest thereon; the payment of .11 other sums, with interest thereon, advanced in accordance herewith to protect the security of this Mortgage; and the perforaance of the covenants and agreeaents of Borrower herein contained. Borrower does hereby mortgage, grant and convey to Lender the following described property located in the County of Hall, State of Nebraska: Lots Two Hundred Fourteen (214) and Two Hundred Fifteen (215) in West Lawn, an addition to the City of Grand Island, Hall County, Nebraska which has the address of Nebraska 68801 (Zip Code) 1426 N, GI Avenue (Street) (hereIn "Property Address"); Grand Island (City) TOGETHER with all the Lmprovements now or hereafter erected on the property, and all easements, rights, appurtenances and rents all of which shall be deemed to be and remain a part of the property covered by this Mortgage; and all of the foregoing, together with said property (or the leasehold e.tate if this Mortgage is on a leasehold) are hereinafter referred to a. the "Property"; Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right to mortgage, grant and convey the Property, and that the Property i. unencumbered, except for encumbrance. of record. Borrower covenants that Borrower warrants and will defend generally the title to the Property against all claims and demands, subject to encumbrances of re~ord. COVENANTS. Borrower and Lender covenant and agree as follows: 1, Payment of PrinclDa1. Interest and Other Amounts. Borrower shall promptly p.y when due the principal, interest and other amounts due and owing under the Not., 2. ~unds for Taxa. and Insurance. Subject to applicable law or a wrItten w.iver by Lender, Borrow.r shall pay to Lender (either on a monthly ~r annual b..i., a. Lender ..y determine) a SWl (hereIn "Funds") equal to the yearly t...s and a.....ments (including condominium and planned unit dev.lop..nt ........nts. if any) which may attain priority over thIs Mortgage and around rent. on the Proprty. if any, plus y.arly pr..ium insta1l.ents for hazard Inauranca, plus y.arly pr..ium Installments for mortgage in.urance, If any, all .s r.a.onably e.tlmated initially and from tl.e to time by Lender on the b..i. of a.8...aants and bills and reasonable estimates thereof. Borrower .hall not b. obllgat.d to make such payments of Fufids to Lendor to the extent that Borrower make. such p.yment. to the holder of a prior mortgage or deed of tru.t If such hold.r 1. sn in.titutional lender,