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<br />MORTGAGE
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<br />88-
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<br />105666
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<br />1ltillMortglcelsenteredlnlobetween Dennis R. Bond & Mary K. Bond,
<br />Husband and Wife (herein "Mortpgor') Bnd
<br />Pi ve Points Bank (berein UMortgagee").
<br />Mortpgor ill Indebted to Mortgagee In the princlpol sum 01 $30,000.00 ,ovldeneed by Mortgagor's note
<br />
<br />doted 10-14-BB
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<br />(hereIn IINotel1) providing for payments of principal and interest. with the balance of the
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<br />indebtedness. if not sooner (nIdi due and payable on
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<br />'I'Q secure the payment of the Note, with interest as provided therein, the payment of all other SUJIl5, with interest,
<br />advanced by Mortgagee to protect the security or'this Mortgage. and the performance of the covenants and agreements or
<br />the MortgalOl' contained herein~ Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />
<br />Hall
<br />
<br />County. Nebraska:
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<br />property located in
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<br />Lot Fourteen (14) in Block Three (3) in Le Heights Second Subdivision,
<br />being a part of the Northwest Quarter of the Nort~west Quarter (NW~NW~)
<br />of Section Eleven (II), Township Eleven (11) North, Range Ten(lO)
<br />West of the 6th P.M., ip Hall County, Nebraska.
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<br />TogeUler 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 />thereof; including, but not limited to, heating and cooling equipment wd such personal property Utat is attached to the
<br />improvements so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be . part. of the real estate secured by the lien or this Mortgage and all of the foregoing being referred to herein as the
<br />"Property".
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<br />Mortpgor further convenants and agrees, wil.h Mortgagee, as (ollows:
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<br />L Payment. To pay the Indebtedness and the interest thereon as provided in this Mortgage and the Note.
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<br />2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warnnts lhal the lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
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<br />D The Property is subject to a Mortgage wherein
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<br />is the Mortgagee, recorded at Book _. Page _ of Lhe Mortgage Records of
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
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<br />D Other prior liens or encumbrances:
<br />
<br />County.
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<br />3. Taxes, As&eIsments. To pay wben due all taxes, speciol assessments and IllI other cbarges against tbe Property
<br />an~ upon written demand by Mortgqee, to add to the payments required un~er the Note secured hereby, wch amount as
<br />may be sufficient to enable the Mortpgee to pay such taxes, assessments or other charges as they become dUe.
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<br />4. lnsuraDce. To keep the improvements onow or hereafter located on the real estate described herein insured
<br />apinst damqe by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortcqee, and with IDS& payable to Lhe Mortpgee. in CMSe of loss under such policies Lhe Mortgagee is authorized to
<br />adjust, eolleet and compromise, in 111 dllcmtlon, aU claiJns tbereunder at III sole option, authorizetltoeltherapplythe
<br />proceeds to the restoration or the Property or upon the indebtedness if'Cured hereby I but payments hereunder mall COD-
<br />lIDue anW tbe "UIIS ........d bereby are paid in fnlL
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<br />5. 0 EIcrow For T.ues and 1nIm.aDce. NotwithstandIng any thine: contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortp&or d1a1l pay to tlJe :Mortgagee at the time of paying the monthly installments of principal and interest.,
<br />one-twelfth or the yeuty taxes, usewnentli, hazard insurance premlulI1fi, and pound rents (if any) which may attain a
<br />priority over this Mar....... aU _ reasonably estimated from time tn time by lbe Morlgagee. The amounts so paid sholl be
<br />held by the Mort:p&H without interest and IIpplled to the payment of the Items in Mppct to which such amounts were
<br />depooited. The .ums paid to Modpl"" herouoc!er are pledl"d as Iddillonol security lor tbe Indebtedness secured by this
<br />Mortpp. MortcIIIonhaU ~ to Mortp.ceeo Lht" amount of any deficiency between the actual taxes, assessmenLs. Insurance
<br />prruHUIDI and pound ftntl and the deposits hereunder within 10 days artcr demand lS made upon Mortgagor requestini
<br />payDleJlt thereol,
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<br />6. a.p.ir. MalntBIUce aDd Ute. To promptly repair, restore or rebuild any buildines or improvements now or
<br />~,oo 1M Proprrty; to t~p thr P'ropPrty In cood condition and ",pair, wiUmut waste. and rn>e [rom mechanic', or
<br />othulinu DOl eIJlrnal, ,ubordinatrd to the 1Itn hereof: not to make, ~uU"r or pprmit any nuisance to exist. nor to dlmin-
<br />iJ.b or Lm..... the- ollie of lb. Propl'l1y by any act or omluion to act; and to comply with all n'qulft'mt'nL\ or Inw wllh
<br />_perl 10 tho Ptoperty.
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