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<br />MORTGAGE
<br />
<br />88_ 104518
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<br />'Ibis Mortgage is entered into between' ~lI!rr.llyn n Il:lic::.p..- A ~inglPi Pprc:nn
<br />(berein "Mortgagor") and
<br />
<br />Five Pnint~ Bank c;rt:lnn 1~IRnn Np.braska
<br />
<br />(herein "Mortgagee").
<br />
<br />MortgBlDr is indebted to Mortgagee in the principal sum of $ 19.800.00 ,evidenced by Mortgagor's note
<br />
<br />dated AUQm,t 11 1988 (herein "Note") providing for payments of principal and interest, witb the balance of the
<br />
<br />indebtedness, If not sooner paid, due and plyable on August 11. 1995
<br />
<br />To secure the payment of the Note, with Interest as provided therein, the payment oC all other sums, with interest,
<br />advanced by Mortgagee to protect the security oC this Mortgage, and the perConnance oC the covenants and Igreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />
<br />property located in
<br />
<br />Hall
<br />
<br />County, Nebraska:
<br />
<br />Lot 75, in West Lawn, an Addition to the City of Grand Island, Hal: County, Nebraska.
<br />
<br />Lot Three (3), Block Three (3), Lambert Second Addition to the City of Grand Island,
<br />Hall County, Nebraska.
<br />
<br />TOlfther with all buildings, Impro.ements, fixtures, sU1!ets, aile).., passageways, easements, rights, prhileges and
<br />Ippurtenances located thereon or In anywise pertaining thereto, and the ...nts, issues and pronts, ...v..rsio~ and remainders
<br />thereof; Including, but not IImlwd to, heating and cooling equipment and such personal propert}' thaI is Illacl.ed 10 Ihe
<br />Impr".emenU '0 as to consUIUW a fixlure; all of which. Including replacements and addllions therelo. Is hereby declared
<br />too ~c : ::r:.rt ~r ~~e re~ :'it3te ~e=urf'd ll)' the !l~n ~r this M!l1'tKIt&t' and a.IJ of' thL !:J~;:oi~g ~ir.b re!rrrorl to hl'rein as the
<br />uProperty" .
<br />
<br />Mortp&or further CODnnantl and apes., with Morle1ert', as follows:
<br />
<br />1. rayment. To PlY the indebtedness Ind the InteresLthereon.. provided In this MDrtgage and the NDle.
<br />
<br />2. TIUe. MDrlgagDr Is the owner of Ihe PrDperl}', has the righl and authDrity 10 mDrlgage Ihe Propert)'. and
<br />wamnll that the lien crelwd hereby is a n"l and prior lien on the PrDperty. ~xcepL as may oLhe...ise be sel fDrlh herein.
<br />
<br />o The PrDperlY I. ,ubjecl 10 a Morlpge whe...ln
<br />
<br />b the MDr\pIee, ...cord.d al Book _ . Pace _ of the MDrlgage IU>cD'do Df
<br />Nebraska. which MDrtpge Is a lien prior to lhe lien c...ated he...by,
<br />
<br />County,
<br />
<br />o Other prior liens or encumbrance"
<br />
<br />3. Tues, "-tIeDlL To pay when due all taxes. sperial ......ments and all olber chlrges againstlhe Properly
<br />and, upon wrltten demand by MDrtgqee, 1.0 Idd tD the payments required under the Note secured hereby. ,uch amDunl..
<br />may be IUflldent to enable the MDrtpgee 10 PlY such taxes, ......m.nts Dr Dlber charces ..they becDme due..
<br />
<br />4. liuuraDce. To kelp the Impro1'fments now or hereafter located on the real eit.atr drscribed herein insurPd
<br />aplnst daJnaIe by Orr"and such other hazmds . Mort.cagee may requin, in amounts and wiLh companipl&CCf'ptabJp [0 (h('
<br />Monppe, IDd with loa payable to the MDrtgaeee. In <:Me of I.... under sucb pollci.. the MDrlPie, is authorlud to
<br />IlIju1t, collect IDd eompromlR, in III diicretlDn. all c!Ilms thonundfl It IlIlOIe option, luthoriud to either apply the
<br />procHda to the restoration of the Property Dr upon the IDdebtedness ........d bereby, but plymenla he...under shall con,
<br />Unu.. unUlthe ,ums secured bereby .... paid In full.
<br />
<br />5. 0 Eac:row For TaxeslDd Insurance. NDtwithstancline anything cOntained In parqraphs a and . hereDf Lo the
<br />COlltnry, Mortllllor ,hail pay to the Mortpgoe al the time Df paying the monthly Instailmenll Df principal and Inlerest.
<br />.....tw.lfth of the yearly tax.., .......",ents, bazard wanner premiums. an~ pound renll (If any) whlch'mlY attain a
<br />priority mer lb\J MDrlpIf, all .. rellOnably estlmalrd from Ume ID lime by the MDrtPl"', lbe amDunll so raid shall be
<br />beld by the MDrlpCee wlthOllI Inlerest and applied to the payment of the items In ...,perl ID whl,h ,uch amDunll were
<br />c1epoalted. lbe sums paid to MDrtpgoe hereunder.... pleded as additional security for the Indebtedn... secured hy Lhis
<br />Mo~. Mo.......orlball pay to MortpaH the amount of any deficiency betwHn the aduallaxrl. ~umrnt!. InsuranC't"
<br />premiums IDd l'Ound ...nll and the d'p05i15 hereunder within 10 days after demand I, made upon MortealDr requesting
<br />Plyment th.reof.
<br />
<br />6. RepUr, Maintenance and UIe. To promptly repair, restore or N'l'1uild any bui1dln~ or Improv(lm(lnt5 now or
<br />heftafter on U.r Proprrty; Lo kPep Lhe Property In lood condition and :epair, Wl.hnut ''''&51''. and 1R"l" rrom mt"Chanic', or
<br />olherUens nol npft'llly lIubordlnated to the Hen hereof; not to mab. sutter or pennilln)' nW5aJ1CP to t'xll.t. nor to dlmin-
<br />lsb or lmpair lb. ,alu.. of t.he Propprty by any let OJ omlssion to Ict; and to comply with all rt'quln'ml'nu. of law with
<br />....pecl to the PrDperlY.
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