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MORTGAGE - 10 5,21 v 5
<br />This Mortgage Is enured into between _ .
<br />y1ge a8 Joint Tenanta F not as Tenants in Compton .(herein °Mort r °)and
<br />FIV9 POINTS HANK (herein "Mo °t).
<br />Mortgagor Is Indebted to Mortgagee in the principal cum of $ Fs;.. l�l, �� evidenced by M is mots
<br />dated 8/10187 (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />4sde , if not sooner paid, due and payable on 2/9/92.
<br />j10 seauaa the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />adsamoei by; to prgtact�ths security of this Mortgage, and the performance of the covenants and agreements of
<br />the modgagm contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Hall County, Nebraska:
<br />Replat of
<br />Lot Three (3), Block Two (2)07 Riverside Addition to the City of Grand
<br />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 remainders
<br />thereof; Including, but not limited to, heating and cooling equipment and such personal property that is attached to the
<br />improvements to 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 />..ply.,
<br />Mortgagor, further conennants 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 />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 />19 The Property is subject to a Mortgage wherein _jiQ_mq,, FgjJV ��'ings & Loan
<br />is the Mortgagee, recorded at Book , Page of the Mortgage Records of Hall county,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />❑ Other prior liens or encumbrances:
<br />3. Tessa, 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 lizieafter 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 />Mortgages, and with lop payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adfad, 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 />Unu =0 the sums secured hereby are laid in full.
<br />L 0 Eaarew For Tam and hisurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />cult pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />on- twolf4b of the yearly truces, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />pdootty assn thle Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shill be
<br />held by the Mootgagn without interest and applied to the payment of We items in respect to which such amounts were
<br />doposil" The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />L. pay to We amount of any deficiency between the actual taxes, assessments, insurance
<br />and and She deposits hereunder within 10 mays after demand is made upon Mortgagor requesting
<br />g, Repair, mailideneace and Use. To promptly repair, restore or rebuild any bulidings or Improvements now or
<br />benettov on the Property; to keep the Property in good condition and repair, without waste, and free from mechanic's or
<br />not expressly subordinated to We lien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />kh of haspigh, the value of the Property by any act or omission to act; and to comply with all requirements of law with
<br />respett to the
<br />W
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