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MORTGAGE 87 104087
<br />This Mortgage is entered into between TJL9_be,, A, m uist and :Marcia K. Almauist,,
<br />llu [rand &Wife �(herein "Mortgagor") and
<br />Five Pointy Bank (herein "Ma "),
<br />Mortgagor Is indebted to Mortgagee In the principal sum of 940 , evidenced by Mortgagoes note
<br />doled lulu 1. 1EIR2 _ ( harein "Note ") providing for payments of principal and interest, with the balance of the
<br />Indebtedness, It not manor paid, due and payable on. July 1. 1 97 —
<br />Tikeoeure the pa ymentof dtc Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advattosd bF' to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Moripgorr contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Hall County, Nebraska:
<br />The Southeast Quarter of the Northeast Quarter (SE #NE}) of Section Thirty Five (35),
<br />Township Ten (10) North, Range Eleven (11) West of the 6th P.M., excepting therefrom
<br />a certain tract of land more particularly desribed in Warranty Deed recorded in
<br />Book 135, Page 511, in the Office of the Register of Deeds, Hall County, Nebraska
<br />AND the Northeast Quarter of the Southeast Quarter (NE }SE0 of Section Thirty Five
<br />(35), Township Ten (10) North, Range Eleven (11) West of the 6th P.M., excepting
<br />therefrom a certain tract ofland more particularly described in Warranty Deed
<br />recorded in Document No. 80- 001039 in the Office of the Registerof Deeds of Hall
<br />County, Nebraska, and a certain tract of land more particularly described in
<br />Warranty Deed recorded in Book 135, Page 511 in the Office of the Register of Deeds,
<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 remainders
<br />thereof; Including, but not limited to, heating and cooling equipment and such personal property that is attached to the
<br />imp rovemeats m as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the read estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />"Property
<br />Mortal farther coneenants and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />L 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 />® The Property is subject to a Mortgage wherein — ____— Eiv-p- Rn; nta Rank
<br />is the Mortgagee, recorded at Book , Page _ of the Mortgage Records of Hal I County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />0 Other prior liens or encumbrances:
<br />S. Tatea, 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. Inauance. 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 />Mor4ppe, and with lase payable to the MortgWe. 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 />psa+sseda to A* restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tPmae =0 the moos secured hereby an paid in full.
<br />bi. 0 6eerew For Taw and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />otestrary, Mortgagor dug pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />of the yearly tam, assessments, hazard insurance premiums, and ground rents (it any) which may attain a
<br />over the , all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />held by Use Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. The sums paid to Mortgaiiiee hereunder are pledged aai additional security for the indebtedness secured by this
<br />aim pqr to the Amount of any deficiency between the actual taxes, assessments, imurance d
<br />L_ premiums and Vatted rantr Sad the deposits hereunder within 10 days after demand is made upon Mortgagor requesting i
<br />Payer thereof.
<br />i, Repair, Maintenance and Use. To promptly repair, restore or rebuild any buildings or Improvements now or
<br />hereafter an the y; to keep the Property In good condition and repair, without waste, and free from mechanic's or
<br />othortlens not expressly subordinated to the lien hereof; not to sake, suffer or permit any nuisance to exist, nor to dimin•
<br />kdh or impair the value of the Property by any Oct or omission to act; and to comply with all requirements of haw with
<br />respect to the Property.
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