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<br />MORTGAGE
<br />inrehtedrrtssti, door sooner paid; due atid,PayaWe Dn DeCE�itber Z0, 1990 - -
<br />Tosecure the:payment o[the Note, with,interesl as pmvided therein, the payment Of ail other sums, witb interest,
<br />adianced;hy 1ldortgaQee,to - protect the security of this Mortgage, and the performance. of the covenants and agreements of
<br />the Modgagior txirttaineti hereib,r.Mortga6or does hereby mcetgage and convey to Mortgagee the fdlorriag described .
<br />' Tian fer of Property. If all or any part of the Property or any interest of
<br />"Mortgagor therein is sold, transferred or further enctsnbered without the express
<br />written consent of the Mortgagee, Mortgagee may, at its sole option,, declare
<br />All °.stms'secured by this mortgage to be imtnedi.ately due and payable.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements. rights, privileges and
<br />at�partenances located, thereon. or in anywise pertaining thereto, and the rents issues and profits; reversions and, remainders
<br />thereof, inducting, but not liited to, heating and cooling equipment and such personal property that is attached to the
<br />tmprovement6 so as to constitute a fixture; all of'which, including replacements and additions thereto, is hereby declared
<br />40.115e4 part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />*Prope
<br />Mortgagor further convenants and agrees, with Mortgagee, as follows
<br />1. Payment. To pay the indebtedness and the intere,t 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 beset forth herein.
<br />© The Property is subject to a Mortgage wherein -- - -_ - --
<br />u the Mortpgee, recorded at Book- Page _._ . of the Mortgage Records of-.
<br />Nebraska, which. Mortgage is a lien prior to the lien rreated herehv. .
<br />Q,Other prior liens or encumbrances:--
<br />3. Taxes, Asaessinlents. 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 />may be auffieient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. lriattramcr. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and, with loos payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjittC collect and compromise; in its disc rrtion,'all claims thereunder at its sole option, authorized to either apply the
<br />proceedil'o the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />lim S tnitii the sums secured hereby are paid in full.
<br />y $ ❑ Pscrow: Folr Taites and.Inwrance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />ctionfaacy MortVgw shall pay, to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />Are twelftfi °< - yeaflY, des, �sslients, ham insurance premiums, and ground rents (if any) which may attain a
<br />ptiiaity ovec:thl• Mottpgr, all at reasonably estimated from time to time by the Mortgagee, The amounts so paid shall be
<br />he1A by the ort ee_wfthout interest and appl", to the payment of the items in respect to which such amounts were
<br />dapopted The sut@s
<br />paid to,'-Mortgagee hereunder am pledged as additional security for the indebtedness secured by this
<br />Idortps 7 Mos Ptutsliall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />premktws and pauttd tents'and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />pament thereof.,
<br />tilgie, AlwteaaMCe and IJse. To' promptly repair, restore or rebuild any buildings or improvements now or
<br />bereaftetr an the Pi0Pe1tY; to keep the Property in good condition and repair, without waste. and free from mechanic's of
<br />other Ilea% not exprsssly,subordinated to the i hereof; not to make, suffer or permit any nuisance to exist, nor to dimin.
<br />4.. or impair,the value of the Property by w,y act or omission to act; and to comply with all Mquirenrettts of law with
<br />respect to Lae Property.
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