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MORTGAGE
<br />87, 101320
<br />This Mortgage is entered into between Elaine A. Rauch a singlip person,
<br />(herein "Mortgagor") and
<br />Five Pointe Rank rand island Nebraska (herein "Mortgagee "J.
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 1.166.80 , evidenced by Mortgagor's note
<br />dated ; –F –R7 _ (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on. 09 -10 –Rit
<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 Hall County, Nebraska:
<br />7101 asst 1VW,6tV 1 iglu 0W dGnGi "wt w XWO / M t IQ*Hd Whhr) nA4141 Udddwif� I i Wbb+WaWWa(.
<br />Dale Roush, 2nd Subdivision, Lot Five (5), Block Four (4), Grand Island, Halt
<br />County, Nebraska.
<br />Together with all buildings, improvements, futures, streets, aileys, 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, beating and coding 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 Tien of this Mortgage and all of the foregning being referred to herein as the
<br />"Pceperty„
<br />Mortgagor further convenants and agrees, with Mortgagee. as folloss-
<br />L Payment. To pay the indebtedness and the interest thercvw as provided in this Mortgage and the Note.
<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 be set forth herein
<br />.'–a' The Property is subject to a Mortgage wherein . _
<br />is the Mortgagee, recorded at Book , Page_—_ of thr Mortgage Records of County.
<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 assessment and all other charges against the Property
<br />and, upon written 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 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 />Mortgagee, 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 herehv am naid in full_
<br />5. ❑ Escrow 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•twelRh of the yeasty taxes, assessments, hazard insurance premiums, and ground rents (it any) which may attain a
<br />priority over this Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />held by the Mortgagee without interest and ied to the
<br />alapl payment of the items in respect to which such amounts were
<br />depoaited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Mortgage. Mortgagor sha0 pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />premiums and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />6. Repair, Maintensuce and Use. To prompily repair, restore or rebuild any buildings or improvements now or
<br />hereafter on the Property; to steep the Property in good condition and repair, without waste, and free from mechanic's or
<br />other tiem not expressly subordinated to the lien hereof; not to make, suffer or permit any nuisance to exist. nor to dimin-
<br />ish or impair the value of the Property by any act or mission to act; and to comply with all requirements of law with
<br />respert to the Property.
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