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MORTGAGE � 100849
<br />This Mortgage is entered into between
<br />-n. (herein "Mortgagor") and
<br />(herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ ._17- 29.0 ..Il0 . -_ , evidenced by Mortgagor's hate
<br />dated _I.ant3ar_y_-1-9, 1987 _ (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on._
<br />To secure the payment of the Note, with interest as provided therein, the payment; of all 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 _.lieu.__. __.-- __-.- __..._ County, Nebraska:
<br />Lot Thirty -One (31), Block "D ", Parkview Subdivision to the City of Grand Island,
<br />Hail County, Nebraska.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon of in anywise pertaining thereto, and the rents. issues and profits, reversions and remainders
<br />thereof: including, but not limited lo, heating and cooling equipment and such personal property that, 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 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 />Mortgagor further coveenants and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Nota.
<br />2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants that the lien created hereby is a first and prior lien on the Property, except as may otherwise he set forth herein.
<br />❑ 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 />❑ Other prior liens or encumbrances:__. - _-____ - - ...._.__ __. ---_— --------------_—_.--
<br />3. Taxes, Assessments. 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 payments required under the Nott secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgages, and with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjust, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con -
<br />tinue ; until the sums secured hereby are paid in full.
<br />5. 0 Esetow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor shall pay to the Mortgagee at the time of paying the monthly installments of principal and 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 Mortgage. all as reasonably estimated from time to time by the Mortgagee. `the amount; so paid shall be
<br />held by the Mortgagot without interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. The gums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />j Mo Mortgagorshall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />(.� pre iurm and ground rents and the deposits hereunder within 10 bays after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />S, Repair, Maintenance and Use. To promptly repair, restore or rebuild any buildings or improvements now or
<br />' hereafter on the irroperly; to keep tite Property in good condition and repair, without waste, and free front mechanic's or
<br />otbotherm not expremly'Uhordinated to the lien hvevof; not to make. suffer or permit any nw ancv to exist,, nor to dimin-
<br />ish or tropetif the salot, of the Propt =rly by any act or ornissirwt to act: and to cmnply with all requlresventa of law with
<br />ff%lwet to the llomerly,
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