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<br />MORTGAGE
<br />
<br />88-- 105665
<br />
<br />'lbls atortglgI! is entered Into between Mar~aret A. Curtis, A Single Person
<br />(herein UMortglgor") and
<br />
<br />FIVE POINTS BANK
<br />
<br />(herein UMortpgee '").
<br />
<br />Mortgagor ls indebled to Mortgagee in the principal sum of $ ? I Ii 1 n Kin . evidenced by Mortgagor's note
<br />dated 10-19-88 (herein "Nnte") providing lor payments 01 principal and Interest, wlUt Ute balance of Ute
<br />indebtedness, if not sooner p8.ld. due Bnd payable on-1O=.l.2.-Q 1
<br />To secure the payment of the Note, with interest as provided therein, the payment of aU other sums. with interest,
<br />advanced 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 hereby mortgage and convey to Mortgagee the following described
<br />property located In Hall County, Nebraska:
<br />Lot 6, Block 125, in Koenig and Wiebe's Addition to the city of Grand
<br />Island, Hall County, Nebraska
<br />
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents. issues and profits, reversions and remainders
<br />thereor; including, but not limited to, heating and cooling equipment "lnd such personal property that is attached to the
<br />improvements 50 as to constitute a flxt.ure; all oC which, including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />uProperty" .
<br />
<br />Mortgagor further convenants and agrees, with Mortgagee, as foUows:
<br />
<br />1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />
<br />2. TiUe. Mortgagor Is Ute owner of the Property, has the right and auUtority to mortgage Ute Property, and
<br />wanants that the lien created hereby is a fUlit and prior lien on the Property, except as may otherwise be set forth herein.
<br />
<br />o The Property is subject to a Mortgage wherein
<br />
<br />is the Mortgagee, recorded at Book _, Page _ of the Mortgage Records of
<br />Nebraska, which Mortgage is a Uen prior to the lien created hereby.
<br />
<br />County,
<br />
<br />o Other prior liens or encumbrances:
<br />
<br />3. Taus, Al&es&ments. To pay when due all taxes, special assessments and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the paymellu required under the Note secured hereby, such amount as
<br />may be ,ufficient to enable the Mortgagi!e to pay such taxes, assessments or other charges as they become due.
<br />
<br />4. Insurance. To keep the Improvemenl3 now or hereafter located on the real estate described herein insured
<br />apinst c:lamage by fire and such other haz.btds as Mort.eagee may require., In amounts and with companies acceptable to the
<br />Mortpeee. and with loss payable to the Mortgagee. In case or loss under such policies the Mortgagee is authorized to
<br />adjust, coUect IJ1d compromise. in ita discretion, all clal.m& thereunder at its sole option, authorized to either apply the
<br />proceeds to the Jeitoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tinue until the 5ums 5eCUled hereby are paid in full.
<br />
<br />5. 0 Escrow For Taus and lnauance. NotwIthstanding anything conraioed In pll1lgraphs 3 and 4 hereol to the
<br />contrary, Mortgqor &I1all pay to the Mortpgee et the time of paying the monthly installments of prlncip61 and interest.
<br />ane-twrtrth of the yearly tax", assessments, hazard insurance premiums, and ground rents (If any) which may attain a
<br />priority ower thlI MDJ1.PIe, :tlJ 81 reasonably esLillUlted from time- to Ume by the Mortgagee. The amounts so paid shall be
<br />Mid by the Mort.peee wtthoutinterelt and applied to the payment o[ the items In respect to which such BmouotB were
<br />dopoaltod.. 'lbe IUDU poid to MorIgq.. hereunder are pledled .. addltlonal security for Ute Indebtedness sccured by this
<br />Mortpc1. JdortPlonhaU pay to Mortpgee the amount or any deficiency betwE'en the actual taxes. assessments, insurance
<br />JlftmiUIDI and cround ~nts and the deposits h~reundu within 10 days after demand is madl' upon Mortgae:or requesting
<br />s-ymlmt thes.ol
<br />
<br />6. Repair. Maintenuee Md VII!. To promptly repair, rrstore or rebuild any buUdings or improveml'n1.5 now or
<br />bf'J'!'afllrr on the rtoperty; to kE"f'P the Prope-ny in lood condition and ~pair. without waste. and enot.' from ml'chanic'li or
<br />other Urni Dot uprealy lubordlnat.ed to [he Ii"o hrll'of~ 001 to make. suau or pe-rmit any ouisanct' Lo l'xlst. nor to dlmin.
<br />lib or im~r thr .-.lur or the Property by any act or ornir.ston to a('l; and to comply with .U rt'quin-m1'nlll of law with
<br />res..... to the "'-rly.
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