|
<br />MORTGAGE
<br />
<br />88- 105517
<br />
<br />'Ibl1 Mortr:D.RU is entered tnto between
<br />HUBband and Wife
<br />
<br />Five points Bank
<br />
<br />Roqer B. Aldrich and Esther J. Aldrich,
<br />
<br />(herein UMortpKortl) and
<br />(heretn IIMortgls:oeU).
<br />
<br />MorlpCor Is Indebted to Mortll"iee In tile principal .um or $ 14,300.00 , evidenced by Mortiallnr'. note
<br />dated 10-05-88 (herein "Note") provldloll ror payments or principal and Intere.t, wlib tile balance or tile
<br />indebtedness, if not sooner p.id, due and payable on , n_' l:i, Q'
<br />Tosecwe the payment ot the Note, with interest as provided therein, the payment or all other 8Ums, with IntetKtl
<br />advanced by Mol"tppe to protect the security of this Mongaee, and the performance of the covenants and agreemeni& of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located In H~ 11 County, Nebmka:
<br />
<br />Lots Sixteen (16) and Eighteen (18), in Block ~ifteen (15),
<br />in Scarff's Addition to West Lawn, in the City of Grand
<br />Island, Hall County, Nebraska
<br />
<br />Together with all buildlnes. Improvements, fixtures. street&, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or aD anywlso pertalninr: thereto, and the rent.s,lssucs and profits, revemloM and remaindem
<br />tIlereor; Including, but not limited tQ, heaUnll and coollnR equipment and such personal property tIlall. attached to th.
<br />improvements so as to constitute a fixtul1l; .U of which, Including repld-cements and addltions thereto,ls hereby declared
<br />to b. a part of the real ..tate lOCured by the lien or lhill Mortllalle and all or lhe roreRolnR beinR referred tQ herein as tIl.
<br />"Property" ,
<br />
<br />Mortp.eor further convenant5 and IIIWOI, with Mortpgee, as Collows:
<br />
<br />1. Payment. To p.y the Lndebt.edneu Bnd Lhl' IntcfCliL thereon as provided In tbia Mortgage and the Note.
<br />
<br />2. TltI., Mortpior ill tile owner or the Property, h.. lh. riKbt and authority to mortRBll" tbe Property, and
<br />warrants that the Uen created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />
<br />o 'IlIe Property is subject to I Mortgage wherein
<br />
<br />II tile Morlpllee, recorded at Book _, PllIle _ or tbe MurtpRC Records or
<br />Nebraska, which Mortgage II a lI.n prior 10 the lien created hereby,
<br />
<br />o Other prior liens or encumbrances:
<br />
<br />County,
<br />
<br />3. Taus, _ta. To pay when due all taxes, special assessm.nts and all other challles aplnst the Property
<br />and, upon writ!.:n demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such ~,a&&e$Iments or other charges as they become due.
<br />
<br />4. Inmrance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by fire and luch other hazards AS Mortgagee may require, Ln amounts and with companies acceptable to the
<br />Mortp&ee, aDd,.-LIb 1<8, payable to tile MortPllee, 10 .... ur Iou und.r .uch pclllcl.. the MortPII.. II authorized to
<br />adjUst. 'eOI1ed.' and compromlle, in ill discretion, all claims thereunder at its sole option. authorized to either apply the
<br />proceedI \0 the restoratloa of the Property or upon the lndebtedneu secund bereby, but payments hereunder lihall con-
<br />linuo unID lb. auma se<:Uml hereby are pald in fulL
<br />
<br />li. 0 Eacrow For TuH and loIuranco. Nolwltll.landlni anytlllnll contained In paraeraph. 3 and 4 h.reof to the
<br />_inly. MorlPCOl shall pay to lb. Morl_e at tIl. tIm. or paylnll tbe monthly Installments or principal and Interest,
<br />OIlO't~ or ,lb. y.u1y luea, mooaments, bazard Insurance premium., and i'Dund rents (Ir any) which may attaln a
<br />priority oyor lbla MortpCo, all .. reasonably estimated from time to time by the Mor\illllee. 'lbe amuunts SO paid oball be
<br />hold by lb. MorlpJ<e without inte...t and applied \0 tIl. pay...nt or tile ltema in respecl to which such amounts were
<br />depoal!ed, '1110, IUIIlI paid tQ MorlpCee hen.und.r are pledJod u additional lOCurity ror tile Indebtedn... secured by tbill
<br />Mol\pp, Monpconball pay tQ MorlpCee lb. amount or any deDclency betw.en tIl. actual taxes, assessments, Insurance
<br />premluma and pound rents Ind the deposlU hereunder within 10 days aflu demand is made upon Mortillor requntlna;
<br />payment thenoof.
<br />
<br />&. Repa1r, r.:aiDt.enaDce r.nd UN'. To prompUy repair, restore or rebuild LYlY buUdlnp or Improvements now or
<br />MINner OQ the Property; to krep the Property In .ood condition and repair, without waste, and tree (rom mechlnlc'l or
<br />other l~nI not upnul)' lubordinLed to thp lien herrof; not to rna.U. !luffer or permit any nuisanCl' to eldst, nor to dimin-
<br />Db 01'" Impair the nlue or th~ Propt'rty by any aet or omiDlon to ad; and to eomply with alIl't'qulremlmls of law \rith
<br />napeet to tha Property.
<br />
|