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MORTGAGE 87 104974
<br />This Mortgage Is entered into between
<br />r bU And_WIie. - - - -.• _ (heroin" l) .
<br />j island, lahc ga k� c n" "),
<br />Mortgagor is indebted to Mortgagee in the principal sum of S — Q � . evidenced by M004190A aQ
<br />dated Aunu s�.a _ _,.t ! 7. 1997 (herein "Note ") providing for payment of principal and Interest, with ire, balance of the
<br />It not sooner paid, due and payable on -JU a 31, 1990.
<br />Toseeure the payment of the Note, with interest as provided therein, the payment of all other sums, with lnier+est,
<br />advanced by to protect the security of this Mortgage, and the performance of the covenants and , of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Heil County, Nebraska:
<br />The Easterly One Half (E}) of Lot Nine (9) and all Lot Ten (10) in Block Thirty-
<br />Two (32) partly in Charles Wasmer's Addition and partly in Charles Wasmer's
<br />Second Addition to the city of Grand Island, 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 remaindersy
<br />,
<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 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 convenants 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 />+
<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 />lY The Property is subject to a Mortgage wherein . HOM Fgrj�4 al Savinas and n
<br />b the , reeorded as UOC. #85—* 0W3942 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 />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 sufficieft to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Insamance. 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 />VoTtgagee, and with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />and comiwonfise, In its discretion, all claims thereunder at its role option, authorized to either apply the
<br />limacceds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall eon -
<br />unt9 the am= seemed hereby are paid, in full.
<br />S. 11 Escrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contralry,,Mortgagar AM pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />fih of the yearly taxes, assessments, hazard Insurance premiums, and ground rents (if any) which may attain a
<br />all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />by the Mortgagee without Interest and applied to the payment of the items in respect to which such amounts were
<br />&O'saitiet Tint sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />pay to Mortgagee the amount of any deficiency between the actual Woes, assessments, insurance
<br />pound 'laiankams old Teak and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting?
<br />payment thereof.
<br />6. cad 17eb. Ta prompNy repair, restore or rebuild any buildings or improvements now or
<br />to keep ihr yin good condition and repair, without waste, and free from mechanic's or
<br />subordinated to the lien hereof; not to snake, suffer or permit any nuisance to exist, nor to dimin-
<br />lids at Impair the vidue of the Property by any art or omission to act; and to comply with all requirements of low with
<br />respect to the property,
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