|
MORTGAGE
<br />87- 105245
<br />The Mortgage is entered into between LAKEY W2 F wl
<br />r Husband and Wife
<br />(herein "Mortgagor ")and
<br />>rI POTNTS BANK
<br />(herein
<br />is indebted to in the principal sum of $ d - S A— 0 f10 ; evidenced by Mortgagor's now
<br />dined 8 t' 4i8 (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />imilibbidness, If not sooner paid, dire said payable on 2 / 2 0'/ S 8
<br />To secure the psymeut of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advarmoed by Moot to protect, the wcutity"of this Mortgage, and the performance of the covenants and agreements of
<br />the oantatt�d.heretn, Mortgagor 11 doeshereby mortgage and convey to Mortgagee the following described
<br />Property located in Hall" County, Nebraska:
<br />East 'six (6) feet of Lot Thirty -three (33) and all of Lot
<br />Thirty -four (34) Hagge.Subdivision, of a part of the Northeast
<br />Quarter (NE}) of the Northwest Quarter (NW) and part of the
<br />Northwest Quarter (NWj)'of the Northeast Quarter (NE4) of
<br />Section Twenty - Eight (28), Township Eleven (11) North, Range
<br />Nine'(9) 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 consonants 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. Tide. 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
<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 />0 Other prior liens or encumbrances:
<br />S. Tana% Assessments. To pay when due all taxes, special assessments and all other charges agai nst the Property
<br />asd, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />inay be eufticierrt to enable tbe'Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. "I. To keep the improvements now or hereafter located on the real estate described herein insured
<br />Vfpllkat 4plalsp by size and such otber hazards asMmtppe may require, in amounts and with com
<br />panics acceptable to the
<br />*itllijB °ark with rasa ps"ble to the M In case of lose under such policies the Mortgagee is, authorized' to
<br />ad
<br />jusk collect and-compromlse, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />- peaceede, to die reste"on of the Property, or upon the indebtedness secured hereby, but payments hereunder shall con -
<br />. a the 4wm second beeeby are paid I fall.
<br />5: O'1111060F For Tmxas. asidlasiar0sove.'Notwithstanding Anything contained in
<br />paragraphs 3 and 4 hereof to the
<br />OPIUM 110t611111W shill ray to'•the Mottp4ee at the time of paying the monthly installments of principal and interest,
<br />' of the Billy taxes, Insurance premiums, And ground rents (if any) which may attain 'a
<br />p cwt tTrU' lY64ioa, Ali is resso"M estimated from; time to tame by the Mortgagee. The amounts so'paid shall be
<br />ld bvi 011hout interest and applied to the payment of the items in respect to which such amounts were
<br />' earns" paid to lilettpgee hereunder we pledged w additional security for the indebtedness secured by this
<br />L shall pay to hilittgalfir the amolin of any deficiency between the actual taxes, assessments, insurance
<br />PMduaw said gtousd task and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payarent dnn�rf.
<br />6. Rte, MaMtasance and Use. To promptly repair, restore or rebuild any buildings or improvements now or
<br />btmttter cm the Lsrape tY; to keep the Property in good condition and repair, without waste, and free from mechanic's or
<br />other Beim not ez�asNy subordinated to the lien hereof; not to make, aufter or permit any nuisance to exist, not to dimim
<br />I* or Impair we vAlue:ot the Property .by any actor omiation to act; and, to comply with all requirements of law with
<br />respect to the Property.
<br />i
<br />lid
<br />
|