|
rt
<br />MORTGAGE
<br />86
<br />This Mortgoge is entered into between _ C'1 arpnr•P P�rirnoc nd ,TanP� T. Padrnos .
<br />Husband and Wife _ _ _ (herein "Mortgagor ") and
<br />Five Points Sank
<br />(herein "Mortgagee„).
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 4 S, 000.00 , evidenced by Mortgagor's note
<br />dated ---4 .122 1 44a&-(herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedt ness, if not sooner paid, due and payable on. / 2 2 / 91
<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 protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Allortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in H23 County, Nebraska:
<br />Lot Fourteen (14), Capital Heights Fifth Subdivision, Hall
<br />County, NE
<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 />.11roperty„
<br />Mortgagor 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 Property, except as may otherwise be set forth herein.
<br />The Property is subject to a Mortgage wherein __ ._C- 0MMeZ-Cial- -Na tisan3J_.8ank of c ra nr] T s 1 sari
<br />(No�ty Oinah Natio al Bank o Gran unstYand}
<br />is the Mortgagee, recorded at Book __._. Page---------- of the Mortgageecords o�,_
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />E2 Other prior liens or encumbrances: __EiYe_Po nY s_ .gam A S -nn49 1 j Ha L C, ,.1t_,,
<br />3. Taxes, Assessments. To pay when due all taxes, special assessment~ 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 hereafter located on the real estate described hereir. insured
<br />shalt st damage by fire 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 loss under such policies the Mortgagee is authorized to
<br />adjust, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized toeitherapply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />01111w uatii -the sum* secured hereby are paid in full.
<br />S. Cl Escrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagtx shall pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one41110e1flh of the yearly !axes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />prioritY aser this Mortgage all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />head by 91110 Mortgagee without interest and applied to the Payment of the items in respect to which such amounts were
<br />409001ted. The sumo paid to Mortgagee hereunder are pledged as additional security for tke indebtedness secured by this
<br />Nbr&Pge. Mortgagorshall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />prenslumsi and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />Payment thereof.
<br />6. Repatr, Maintenance and lease. To promptly repair, restore or rebuild any buildings or improvements now or
<br />hereafter On the Property; to keep the Property in good condition and repair, without waste, and free from mechanic's or
<br />other hens not r3r.Pfessly subordinated to the lion hereof; not to crake, .suffer or permit any nuisance to exit, nor to dimin,
<br />M or impair thr value of thr Property by any are or omission to act; and to comply with all mquirenivins of law with
<br />"Mpect to the Proprriv.
<br />al
<br />
|