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11sis tlfortgy
<br />MORTGAGE
<br />86-. 103016
<br />John
<br />entered into between ;BEM W .maker and fames L•_. McElroy. Sr. as
<br />(herein "Mortgagor") and
<br />FIVE Point- _ink _ Grand 1j"nd Nebraska ------(herein "Mortgagee ").
<br />Is indebted to !Mortgagee in the principal sum of S 7-833.25 _e by Mortgagor's note
<br />dated . LIN C 985 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />Indebtedness, if not sooner paid, due and payable on un 4 i 2Z .
<br />Tosecutei the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced ;by Mortpi/ee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />W Mortpgor, contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />properly: rotated In _ Ha1L _County. Nebraska:
<br />Lot Eight (8) in Black Thirteen (13) in Arnold and Abott's Addition to the City of
<br />Grand Island, Hail County, Nebraska.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, ease.ment_s, 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, hosting and codling equipment and such personal property that is attached to the
<br />unprovements 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 `:y the 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 follO S7
<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 ;< a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />10 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 />G1 Other prior liens or encumbrances:
<br />r 8 Totes, Asrcaamerrts. To pay when due all taxes, special assessments and all other charges against the Property
<br />end, upon written demand by 1Mottgagee, to add to the payments required under the Note secured hereby, such amount as
<br />[stay 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 Are and such other hazards as Mortgagee may require, in amounts and with companies ac",ptable to the
<br />Mortove. Turd with loss payable to the Mortgagee, in case of loss under such policies the Mortgagee is authorized to
<br />adjrut, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />prowedrt* the nstorattdm of the Property or upon the indebtedness secured hereby, but payments hereunder shall con•
<br />ti tw • tnrtii ilbe sun* secured hereby are paid in full.
<br />S. 0 -Ur-ow For Tsxn and Imurasee. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />ctldtta ry, INortp W abdl pay to the Moog at the time of paying the monthly installments of principal and interest,
<br />0v*4 rel",o( the, yeady, taxes; assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />'11111 ity over this Ike, atl as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />bard by nss 1N rtvve,wUhMt Interest: and applied to the payment of the items to respect to which such amounts were
<br />dRloailM.. �4te sntmr paid to Mactpgee hereunder arc pledged w additional security for the indebtedness secured by this
<br />L lriott lt: lion or
<br />"I W to ?Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />pt11"121 t attd pound rents and the deposits hereunder within 1.0 days after demand Lx made upon Mortgagor requesting
<br />payment tt)etrof:
<br />6 : kvpwr, leassi r and tine. To pmmptty repair. t®store or rebuild any buildings or improvements now or
<br />beteufifft im ttra Property: to (keep the Property in good condition and repair, without waste, and free from mechanic's or
<br />odwr how hot expra+pty subordinated to thrr lien hereof: not to make. suffer or permit arty nuisance to exist, nor to dir in-
<br />sah or impair the rtYlue Of the Prig 4y any pet or omission to act; and to comply with ail requirements of law with
<br />ri"' pact to the Pviiperts'.
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