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MORTGAGE -° 101453
<br />This Mortgage is entered into between Robert L Jakubowski and Isabelle B
<br />(� Jakubowski (herein "Mortgagor') and
<br />FIVE POINTS BANK (herein "Mortgagee ").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $2.500, 00 , evidenced by MortpWes note
<br />dated 3/9/87 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on 3/13/89
<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 14-11 County, Nebraska:
<br />The South Fifty Feet Eight Inches (5018 ") of the North One Hundred
<br />Three - (103'4 ") feet four inches of the West One Half (w#) of Block Two
<br />(2), Pleasant Horne Subdivision, known as 1207 South Lincoln,.Grand Island,
<br />Hall County, Nebraska
<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 remaindets
<br />thereof; including, but not limited to, 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 decianxi
<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 coneenauts and agrees, with Mortgagee, a follows:
<br />1. Payment. To pay the indebtedness and the interest thereon 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 hen created hereby u a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />0 The Property is subject to a ?tl0.14W whemn _
<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 />0 Other prior liens or encumbrances:
<br />County,
<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 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 autiwraed to
<br />adjust, collect and compromise, in its discretion, all dainss thereunder at Its sale option., authoesaedto either apply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby. but payments hereunder Wall con-
<br />tinue until the surrss secured hereby are paid 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-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 amounts so paid shall be
<br />held by the Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />L MostgW. Mortgagor shall pay to Mortgagee the amount of any deficiency between the actual taxer, 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 />8. Repair, Maintenance and Use. To promptly repair, restore or rebuild any buildings or improvements now or
<br />horsatter on the Property; to keep the Property in good condition and repair, without waste, and free from mechanic's or
<br />otlwi kern not expressly subordinated to the lien hereof; not to snake, suffer or permit any nuisance to exist, not to dimin-
<br />nh or impair the value of the Property by any act or omission to act; and to comply with all requirements of law with
<br />respect to the Property.
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