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MORTGAGE 7 105161
<br />This bantered into between Clemonce P. Wieczorek and Barbara M. Wiacaorek,
<br />(herein "Mortgagor") And
<br />Five Points Bank _(herein' "Mort ")
<br />is indebted to Mortgagee in the principal sutra of $ L0, 000, 00 T , evidenced by s now
<br />Austust 84 987 (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />lisdebledneirs, It not paid, due and payable on.- August 15. 1997
<br />To secure tire. 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 agreemeats of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Mall County, Nebraska:
<br />Lot Seven (7), in Northwest Subdivision, comprising a part of the Northwest
<br />Quarter of --the Northwest Quarter (NWk NWT) of Section Twelve (12), Township
<br />_ Eleven (11) North, Range Ten (10) West of the 6th P.M., 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 />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 coneenants and agrees, with Mortgagee, as follows:
<br />1. Paymeat. 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 lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />0 The Property is subject to a Mortgage wherein
<br />is-the Mortgagee, recorded at Book _ , Page of the Mortgage Records of County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />O Other prior liens or encumbrances:-----------------_—.---
<br />8. 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, assemments or other charges as they become due.
<br />4. Insarance. To keep the improvements now or hereafter located on the real estate described herein Insured
<br />by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />and with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />sdAt, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />ptaceedsto the restorationt of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />us" until the sum secured hereby are paid in Pull.
<br />L R llhasaw. For, Tom and Insurance. Notwithstanding anything contained in paragraphs S amd4 hereof to the
<br />, poir, to the'Martgagee at. the time of paying the monthly installments of principal and interest,
<br />ffi of the - yearly taxes, swasments, ,heard insurance premiums, and ground rents (if any) which may attain a
<br />over the Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />by.
<br />Ifie, Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />tsd. The 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 taxes, assessments, insurance
<br />jwA rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />t.
<br />d. R and list. To promptly repair, restore or rebuild any buildings or Improvements now or
<br />hestafter on the Property; to keep the Property in good condition and repair, without waste, and free from mechanic's or
<br />otbirlim not expressly subortlinmed to the lien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />Ish hapsir OW value of the Property by any act or omission to act; and to comply with all requirements of law with
<br />FORIPW to the rty.
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