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WIRTGA,GE N-- IL $
<br />This ligtrri Wisen tare -d into between f3r>uglas G. and Fatrieia Anar Barker
<br />(herein " Mortgagor" i and
<br />National Hark of Commerce Trust and Savings Association llierein ••Mortgagee „).
<br />Mortgagor is indebted to Mortgagre in tilt principal sum of S 4.870.00 , evidenced by Mortgagor's now
<br />1 -25 -86 (herein "Nate” I providing for payments of principal and interest, with the balance of the
<br />if to soarer paid, due-and payable an March 9. 1991
<br />TDaec urethe psymimtof the Note, with interest a provided therein, the payment of all other sums, with interest,
<br />atlrlaileed by Mortgagee to protect the security of this Mortgagor and the performance of the covenants and agreement, of
<br />The 16aftWeir contained herein. Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property :located in —_ - - -- County, Nebraska:
<br />Lot 3 Block S
<br />First Addition to the City of Wood River
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, casements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rent~ issues and profits, reversions and remainders
<br />thereof; including, but not limited to, beating 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 living referred to herein as the
<br />..Property".
<br />Nkirtgagor further convenants 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 Properly_ except as may otherwise be set forth herein.
<br />❑ The Property is sub )ect to a Mortgage whereat __-----_--._.,----------
<br />is the Mortgagee, recorded at Book _ _- , Page -_. -_- _ of the Mortgage Kevords of __--county,
<br />Nebmaa lt, which Mortgage is a lien prior to the lien created hereby
<br />❑ other prior liens or encumbrances:
<br />g. Testes, Anasmaints. To pay when due all taxes, special assessment, and all other charges against the Property
<br />aid, upon written demand by Mortgagee, to add to the payments required under tilt, Note secured hereby, such amount as
<br />may be si firicient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />{. lake. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against daraW by fire and such other hazards as Mortgagee may require. in amounts and with companic s acceptable to the
<br />i16ar4ppe, and with toe payable to the Mortgagee. In taw• of loss under such policies the Mortgagee is authorized to
<br />sold coned aed compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />proceeds to the nestoratiwt of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tmw the alma secured hereby air paid in full.
<br />5. Ci &=ow'fer Tastes and Insurance. tiotwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />may. Mortgagor shall pay to the Mortgagee at the time of paving the monthly installments of principal and interest.
<br />one-twelfth of the yearly taxes, assellimelith. hazard iusurance premiums, and ground rents fif nnvIwhich may attain a
<br />prigrity over thw Mortgs{e, all as reasonably estimated from time to time by the Mortgage.. The amounts so paid shall be
<br />twM by the Mortlgallee without interest and applied to the psyrnent of the item in respect to which such amounLe were
<br />deposited. The swim paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Morlssee. Mortgrigar"I pay to Mortgagee the amount of any drficienet be•l wren h.• actua+ taxes. assc.asmrnLs, insurance �►
<br />premiums and ground rents and the deposits hereunder within 10 tJAae. after demand t' a:adt upon Aortgagor reque•sl.ing
<br />payment t hereof. �
<br />h. ROPW MW Use. Ju pro rcpt,!% tepan. m,ture or mhwid an,- Guuai tc, or unpttrvr[ne nts now or
<br />cal the. Yropvvy: to keep the PrctpeftyI in good runrwiun and re•patr- wllhuai 'Ad'!' - Md `bee tram mechanic's 0'
<br />erthcrti as rant expre,nvly eutxnrdittaurd to Ott, iiett het,tl not to maac, naffvr or perr -w lw, ':ar,viar , . o,l -roe c, d;rnm
<br />all in itnpwl tilt value of the Prtaprrtg be ant act lei o*,nisavioti to ac;. tmc, ilh all r• nu,:,+tmntr of ldes wttei
<br />fmpetst it, the• Pr140et %
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