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MORTGAGE 87---° 105312
<br />This Mortgage Is entered Into between FdWard I ___=_nskI and I ar a C. Kosinski,
<br />r, (harsin ,Mori gagor) and
<br />(Ih�rreelrt«�.
<br />braska
<br />Mor4egor Is Indebted to Mortgage& in the principal'sum of $ _jB,=A_0jL_, evidenced by moKpWs note
<br />OF04 AuglASI-12-AM (herein "Note") providing for payments of principal and interest, with the balance of the
<br />Indebtedness, If not sooner paid, due and payable on—septWber 1, 1997
<br />To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to prolkid the 'security of this Mortgage, and the performance of the covenants and "Nemstats of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in H211 aunty, Nebraska:
<br />Lot One (1) Wiese Subdivision, 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 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-We 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. PaymenL 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 />wamarila that the lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />11 The Property is subject to Mortgage wherein Grand I-cland Trust
<br />as Doc. #77-003732
<br />is the Mortgagee, mcorded VlXMl11XXXXXX*9hpK_ of the Mortgage Records of Hall —County,
<br />Nebmaka, which Mortgage is alien prior to the lien created hereby.
<br />0 Other prior liens or encumbrances:
<br />3. Taxes, Amessments. 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 />Wray 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 licreafter located on the real estate described herein insured
<br />against dump by fin and such other hazards as Mortgagee niny require, in amounts and with companies acceptable to the
<br />*Ajagee, and with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />ad
<br />jlsst, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />preaveds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />timse until the sum secured hereby are paid in full.
<br />Useffew Per TOM 4114 Insurance. Notwithstanding anything contai ned in paragraphs 3 and 4 hereof to the
<br />,Csmtiaq, McitlieW shA pay, to the Mortgagee at the time of paying the monthly Installments of principal and interest,
<br />91104welfth of the yeatly taxes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />priprity Over "Aartilage, all as reasonably estimated from time to time by the Mortgagee. The paid so amounts n p d &hat I be
<br />by the Mortgape without interest and applied to the payment of the items in respect to which such amounts were
<br />'toe paid to hereunder am pledged as additional security for the indebtedness secured by this
<br />M tomottlade- the amount of any deficiency between the actual taxes, assessments, insurance
<br />01100iiins 04 ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />To promptly repair, restore or rebuild any buildings or improvements now or
<br />hereafter on the Propidy; to keep the Property in good condition and repair, without waste, and free from mechanic's or
<br />other hem not expressly subordinated to the lien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />1811 Of imliAlf the value of the Property by any, act or Million to Act'. And to Comply with all requirements of law with
<br />respect to The Property.
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