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<br />MORTGAGE
<br />
<br />88_104895
<br />
<br />'Iblsldort_ls.nteredlntobetween Vannath E. Clark and Phvllia A. Clark. Husband
<br />& Wife. each in his & Her own riqht & as spouse of the other (herein "Mortgagor") and
<br />
<br />FIVR POtNTR BANK
<br />
<br />(herein "Mortgape ").
<br />
<br />Morlplor Is Indebted to Mortgagee.n the prlnclpel .um of $ 8. 9~5 00 ,evidenced by Mortgagor's note
<br />dated __ 8/31/88 (b.reln "Note") providing for paym.nts of prlnelpel and Interest, with the balance of the
<br />Ind.bledn.... If not soon.rpald, due and payahl. on 9/5/94
<br />'. ,'" .,To.......th.pay..;,_~tof the Note. with Intere.t as provided th.rein, the payment of all othersums, with Interest,
<br />adY8Jlcod by Mortgagee to protect the .ecurlly of thl. Mortgage, and the performanee of the eoveiumts and agreements of
<br />th~ Mortgagor conlalned h.reln. Mortgagor does h.reby mortgeg. and eonvay to Mortgagee the following described
<br />
<br />property located in
<br />
<br />H:l11
<br />
<br />County, Nebraska:
<br />
<br />Block Six (61
<br />Lots One (I) and Two (2)I'Bogqs and Hil Addition, City
<br />
<br />of Grand Island, Hall County, NE
<br />
<br />Together with aU buildings, improvements, fixtures, streets, alleys, passageways, easementa, rights. privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents. issues and profits, reversions and remaindem
<br />th.reof; Including, but not limited to, heatiDg and eoollng .qulpment and such penonel property that lsatteched to the
<br />improvements 60 a& to cOlllititute a fixture; all of which, Including replacements and additions thereto. is hereby declared
<br />to b. a part or the reel estate ,""ured by the Ii.n or this Mortgage and all of the roregolng being rererred to herein as the
<br />"Property",
<br />
<br />Mortpeor further CODRIlai\bs and agrees, with Mortpgee, as ColloW!:
<br />
<br />1. Paymanl To pay the Ind.btedoess and the inte...t th.reon as provid.d In this Mortgag. and the Note.
<br />
<br />2. TiUe. Mortp&or is the owner of the Property, has the righl and authority lo mortgal'! the Property, and
<br />wanants that the lien created hereby t& a first and prior lien on the Property. except IS may otherwise be set forth herein.
<br />
<br />o The Property is 5ubjed to a MortgllKe wherein
<br />
<br />ia the Mortpgee, xecorded aL Book _ t Page _ ot the Mortgage Records of
<br />Nebrasb. whieb Mortjpge is . lien prior to the lien created hereby.
<br />
<br />County t
<br />
<br />o Other prior tieD! or encumbrances:
<br />
<br />3. Taxes, Assetsmenls. To pay when due ell taxes, .peelel ......m.nlli and all oth.r eharges against the Property
<br />and, upon written demand by Mortpe:ee. to Bdd to the payments required under the Note secured hereby, such amount as
<br />~ be'sufficient to e~~e the Mortpgee to pay such tax., assessments or other charges BIi they become due.
<br />
<br />4. lasuni1ee. To keep the improvements now or hereaflef located on the real estate described herein insured
<br />~,cIamqe,by lire and luch other hazards as Mortgagee may require, 10 amounts and with companl...cceptabl. to.th.
<br />'MorIpcoe, ind with 1000payabl. to tho Mortgagee. In.... otloaund.r .uch pollclesth. Mortgagee Is authorizelj-to"
<br />&djua:.. Collect IPd compromise, tn, ita discretion. all claim. thereunder at its sole option. authorized to either apply the
<br />praeeedato the ...loIIlion of the Property or upon the Indebtedneu secured hereby, but paym.nts hereund.r shall COD.
<br />tinu. uaW the IUIIlI sei:ut\od Im'eby'ab paid In full.
<br />
<br />5; 0 Eaemw ForT_ and _eo. NotwithtlaDdIn& anything contained In _phs 3 and 4 h.reof to the
<br /><!mtrary, MortWor thal1 pay to the Mortgagee at the lime of paying the monthly loatallm.nla of prIDclpaland Interest,
<br />_twelfth of-,the yeady lal<eo; ......"..nli. haUrd loauno.. premiums, and ground rents (If any) which may attain a
<br />priority 'o~ tI1ItMortiaP, all II reuOnabIy <iUmated from Um. to Um. by the Mortgaaee. 'lb. amounts 60 paid .haI1 be
<br />bold by the-Morlppo without InlAlmt and applied to the paym.nt of tho ltema in ",.peel to which .uch amounla w.re
<br />dopotited, :nuo,IUDIJ paid to Mortppe h.rtundor .... p1.dI'd II addlUonal security for llIe indablAldn... secu",d by thl.
<br />Mortpet, Mor\pIaouhall pay to Mor\pIee lb. amount or any dellei.nay between the aetuel taxo"llIlIOWIl.nls, ioaunoce
<br />Prtllli~" and p1IIUId Nnta and the deposlll .....under wllllln 10 day. alter demand i. made upon Morlplor requeaUng
<br />paymrDt thereor.
<br />
<br />6. ....... Maln.....ed V.. To prompUy r.palr, J"t':IlO1't' or rebuild any bulldlnp or lmprovement.s now or
<br />bwwaner DO tbe Property; to keep tlleo Proptrty In 1000 condition and npal,. without wutl!, and frH from mechanlc's or
<br />odwrlinl not n""', subordinated to Ute- lIelll hl'NOr. not to make,lut1er or pt'nnlt any nuisance to emt~ nor to dlmln-
<br />lib or l.palI- the value ot' the Propeorty by any ad or omlalon to ad.; and to comply with all ~qull'Pmenls of law with
<br />-' 10 the ......."y.
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