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<br />MORTGAGE
<br />
<br />88- 105920
<br />
<br />'Ibis M~rtpce is entered into bftween. Tim C Plate and Debra D
<br />wife
<br />
<br />Platp husband.-.a.nd-
<br />(herein UMortgagor") and
<br />(berein "Mortgagee:').
<br />
<br />Five Point~ Bank Grand 1 ~Iann Np-hraska
<br />
<br />Mortpgor Is Indebted to Mortp&ee In the principal sum of $ 25 000.00 ,evidenced by Mortgagor's note
<br />dated October 18. 1988 (herein "Note") prOviding for payments of principal and interest, with the balance or the
<br />Indebtedness, tfnot sooner paid, due Bnd payable on Or.:tnhpl'" 1 R 1 QQ~
<br />Tosecure the payment of the Note, with Interest 8S provided therein, the payment of all other sums. with interest,
<br />adnnced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortpgor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Hall County, Nebraska:
<br />Lot Eighteen (18). Block Three (3). Southern Acres Addition to the City of
<br />Grand I.sland. Hall County. Nebraska,
<br />
<br />Together with all buUdings, Improvements, fixtures, streets, alleys, passageways, easements. rights, privileges and
<br />appurtenances located thereon or In anywise pertaining thereto. and the rents, issues and profits, ftv.erslo~ and remainders
<br />thereof; Including, bet not. limited to, heating and cooling equipment and such personal property that. is attached to the
<br />improvements so as to constitute B fixturej all of which. includinR 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 />"Property" .
<br />
<br />Mortgagor further convenants and agrees, with Mortgae:ee, IS follows:
<br />
<br />1. rayment. To pay the inaein,eUl~" ami lhe iuten's\. t.ht!f\!ul1 ~ Pluwhh:'u ill ~hia !,:ul~,aKr CUll] Lhe NO~r.
<br />
<br />2. TiUe. Mortgagor is the owner of the Property. has the tiCht and authority to mortgage the Property, and
<br />wanants that the lien created hereby is a fiI1it and prior lien on the Property, except as may otherwise be set forth herein.
<br />o The Property is subject to 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 hereby.
<br />
<br />County,
<br />
<br />o Other prior liens or encumbrances:
<br />
<br />3. Taxes, As&esiments. To pay wben due all taxes. special assessments and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secuR!d hereby. such amount as
<br />may be suf6clent to enable the Mortgagee to pay sueb taxes, assessments or other charges as they become due.
<br />oL IDsunnce. To keep the improvements now or hemJ'ter located on the real estate described herein insured
<br />against damage by fire-and such other hazards is Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgqee, and w:Ith 106& payable to the Mortgagee. In cue of loss under such DOlicies t~e Mcrt;agcc ll; authurlzed to
<br />adjust, collect ,nd compMtt'.!s:, In 1;& ~tion, all clauns thereunder at its sole option, authorized toelther apply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />llnue. unID the .ums &eC11IOd bereby are paid in rull.
<br />5. 0 EIc:row For Ta.es and Insurance. NotwithstandlnB anything contained in plI'Ilgnphs 3 and 4 hereof to the
<br />contrary, M.ortgagor shill pay to the Mortgacee at the time of paylng the monthly installments of princlpaland interest,
<br />one-twelfth of the yearly taxes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />priority over this Mortgqe, all u reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />held by the Mcrtpa:e-e without Interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. The IUms paid to M'Ortgqee bereunder are pledged 115 additional security for the indebtedness secured by this
<br />~. Moncacouball pay to Mortp.pe the amount of any denciency between the actual taxes, assessments, insurance
<br />. premium and cround ftnts and the depo&iti hereunder within 10 days after demand is made upon Mortgagor requesUne
<br />payment thereof.
<br />6. Repair. Malntenance and Vie. To prompUy repair, restore or rebuild any buildings or improvements now or
<br />bl!lI!&fter on tbr Propertyj to keep the Property in Bood condition and repair, without waste, and free from mechanic's or
<br />otberllens not n.presdy subordinated to the Uen hereof; not to mab, surrer or pennit any nuisance to exist, nor to dim!n-
<br />iIh Dr impair the nIue of the Property by any act or omission to act; and to comply with all requirements of law with
<br />rnpecL to lhe Propeorty.
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