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MORTGAGE 86 100147
<br />This h%rtgate isentel'ed into between - -_ Richard Mart�P7 and !�nnifeL t atartiraP�
<br />(itetrin " iortgagor" I and
<br />i N r C n e M k - - -- =— - -- - — lheTein " hiortWe ").
<br />Mortgagor is indebted to Mongagee in the principal sum of $ evidenced by Mortgagor's note
<br />dated _.ib1l]laliitry K 198fi (herein "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sootier paid, due and payable on 1131a, c 1996 .
<br />To secure the payment of the Note, + as'provided therein, the payment of all other sums. with interest,
<br />advanced by Mortgagee to protect the secunty o�E Mltutgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgay Rr4ow iwr' by mortgage and convey to Mortgagee the following described
<br />property located in Y`pCounty, Nebraska:
<br />The East Seventy and Six Tenths (70.6) Feet of Lot Three (3) and the
<br />West Fourteen and Eight (14.8) Feet of Lot Four (4) , Block One (1) ,
<br />Pleasant View Seventh Addition, to the City of Grand Island, Hall County,
<br />Nebraska.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, right,, 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 (mate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />., Property„
<br />Mortgagor further convenant, and agrees. with Mortgagee, as foli(jws:
<br />1. Payment_ To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2. Title. . ortgagor 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 nu the I'ropeny, except as ilia) otherwise be set forth herein.
<br />0 The Property is subject ioa Mortgage wherein
<br />1'a e f th Mortgage Records of
<br />is the Mortgagee, recorded at Bonk ..__ __ _. -.. K' o e
<br />Nebraska, which Mortgage is a lien prior !o the lien created he•rch%
<br />u Other prior liens or encumbrances:
<br />1 Taxes. Assemment5. 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 payment, required under the Note secured hereby, such amount a,
<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 hereafter located on the real estate described herein insured
<br />against damage by rite and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and with loss payable to the Mortgagee. In case of Ices under such policies the Mortgagee is authorized to
<br />adjust, collect and compromise. in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />proceeds to the rersurratirm of the Property or upon the indebtedness secured hereby, but payment, hereunder shall con-
<br />tinue until the sums secured here•:3y are paid in full.
<br />5, t1 Escrow For 'Canes and Insurance. Notwithstanding anything cuntamed in paragraphs 3 and,1 hereof to the
<br />cosdrary. Morttlattor shall pay, to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one-twelfth of the yearly taxes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />priority over this Mortgage, all as reaMmably estimated from time to time by the Mortgagee. The amount; so paid shall he
<br />held by the Mortgagee without interest and applied to the payment of the items in respect to which such amounts wen'
<br />deposited, The sums paid to Mortgagee hereunder are pledged m additional security fur the indebtedness secured by this
<br />L. MorgW.Mortgagorshall pay to Mortgagee the amount of any deficiency between the actual taxes assessments, insurance
<br />premiums and ground rents wind the dep+nit; hereunder within 14 day, after demand is +isari+• upon Mortgagor requesting
<br />payment thereof.
<br />6. Repair, Maintenance and Use. '1'++ ptomptl} n•paar, restora- of ridw0d any huddaaigs Of imprnvenacnts now ur
<br />horreafterr on the Prctprrty, trr keep the Property ua good conchoon and repair. without aaste, and free trom niecharrac's or
<br />ot.herliew, licit exprr%%K s 'Alm '.rtdnaated Iii the lieu hereof; not to taiakt offer r,r penult am niu�aor e to ,xi,l, nor io dinun-
<br />ish „r impaub Ow rAlue „t th+ 1'r „jr•r,l *, Crp acv lest +,r ntrtl,awu,n to e, t, :anti ht c,mtptc ui!h all ra yuirrancstt•, „f law still
<br />..per!. art 0”. er„t,r -rt,'
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