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<br />MORTGAGE
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<br />88- 104771
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<br />'l1lII Mortp&O lun\ered Into ""tween' Terry L. Call'\p anr! Sh",r1
<br />nod wife
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<br />r:nmp nllqh:lnrl
<br />(herein UMortp.r:orU) and
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<br />Five Points Bank Grand Island Nebraska (berein UMortpa:ee").
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<br />Mortgagor II indebted to Mortgagee In the principal .um of $ 1 150 00 . evldeneed by Mortgagor'. note
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<br />dated Julv 29. , 988 (he",ln "Note") provldlng for payments of principal and Inletll6t, with the balance of the
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<br />indebtedness, if Dot &ODDer paid, due and payable on Fp-bruary 1 1 QgO
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<br />To secure the payment of the Note, with lnwrest. IS provided therein, the payment of all other sums, with. interest.
<br />advaneed by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does bereby mortgage and convey to Mortgagee the following described
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<br />proper\:,' loc:aled in Hall County, Nebraska:
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<br />Westwood Park Second Subdivision, Lot Thirteen, Grand Island, Hall County,
<br />Nebraska.
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<br />Together witb 111 buildings, improvements, flxtures, streets. alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, rev.erslol1;S and remainden
<br />tbereo[; including, but nollimited to, heating and cooling equipment and sueb peJ'SOnal property that is attacbed to the
<br />improvement& so u to constitute a fIXture; all of which, including replacements and additions thereto,is hereby declared
<br />to be a part or the real estate secured by the lien or this Mortgage and all of the foregoing being referred to herein as the
<br />"Pioperty".
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<br />Mortga&or further corven!nt5 and agrees, with Mortgagee, as follows:
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<br />;... rayment. 10 pay lJ)e IDL,eDtetinelaS anD l.lle InLeM~ ..hereon as provldeo 1.1 tnis Mongagl:' ano toe Note.
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<br />2, Title. Mortgaaor I. the owner of the Propert)', hIS the right and authority to mortgage the Property, and
<br />warrant.; that the l~~n created hereb~' is a fmt and prior lien on the Property, except as may otherwise be set forth herein.
<br />o 'l1Ie Property Is subjeet tn a Mortgage wherein
<br />is the Mortgagee, recorded at Book _. Page_ of the Mortgage Records of
<br />Nebraska. which Mortgage Is a lien prior to the lien created herehy,
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<br />County,-
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<br />o Other prior liens or encumbrances;
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<br />3. Tue5, Al&e&&mentL To pay when due all taxes, special assessments and all other charees against the Property
<br />and, upon written demand by Mortpa:ee. to add to the payments required under the Note secured hereby. such amount as
<br />may be &Ufficient to enable the Jdort.eqee to pay such taxes. usessments or other charJe& 15 they become due.
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<br />... lDsunnee. To keep the impJOftment& now or hereafter located on the rea) estate described herein insured
<br />apinst dIJnaCe by fi:nfand IUeb other hIzard5 . Yort&qee may require, in amounts and with companies acceptable to the
<br />Morlp&ee, and with log payable to the Mortiagee. In cue of Iou under .uch policies the Mortga&ee Is authoriZed tn
<br />adjust, eoUed. and eompromile. in itli diBcrttion. all clailDl thereunder at ita wle option. authorized to either appl)' thE'
<br />proceeds to the :reston.tion of the Property or upon the Indebt..edneK secured hereby, but paymenb hereunder ihall con-
<br />t1Due. unW the 6llJlll1eCIftd bereby .... paid In full.
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<br />5. 0 __ For Taus and Insuran.... Notwith.tandlng anythina c:ontaIned In para&IIIph. 3 and 4 hereof to the
<br />conln1Y, MortpIOt shall pay 1.0 the Jdort.eqee at the time of paying the monthly inataIlments of principal and interest,
<br />ooe-twe1fth of the yeaJIy tueI, ..........nll, hazard inaurance premiums, and ground rents (If any) which may attaIn a
<br />priority ovor thb Nortpce. all as _nably estimated from time 1.0 time by the Mortgagee. The amounts 60 paid .hall be
<br />held by tbe JIortc8Iet' without lDterest and appIled to the pIIyment of the ltelD5 In resp<<t to which luch amounts. we",
<br />depoaited. TIle aUIDII*d 1.0 Jdort.eqee hereunder.... pleclced as .ddltion:l1 seeurlty for the indebtedness seeured by this
<br />lIortpp. JIDr'Iptorlblllpey to Hortppe the- amount of any deficiency between th. actual tuK. aIIoKIIMnt.s. iDiuranct'
<br />premlwm. aDd cround reot& and th. Mpoiitli beft'under within 10 da)'S after demand is mad. upon Mort.&aenr Il'qUl'Stinl
<br />poyment thereoL
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<br />I. Repair.llbiDteILIIICe aDd Va To promptly ftpair. Ifttore or rebuild any bulld1np or Improveoml'nl.s now or
<br />blftarwr on 1M .....rty~ to kHp the Property in load condition and repair. without waite, and [nol' from mechanic'!> or
<br />o&berliml DOt t!!:I:prnlly lubordinaLHI to th.Uen hl'l'fOf; not to make. SUfft"T or pt'mUt an)' nuisanCl' to ex.isL, nor Lo dimin.
<br />lab or Impalr the val\M! of the Property by any arl or omlalon to .('l~ and La rompl}' with all requinompnl.5 of law with
<br />respK11.o the Proporty,
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