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Lot One (1) ,and.ithe'•South Half (S?) of Lot Two (2)
<br />`Mayer and`Mehr=ng Subdivision, Grand Island, Hall
<br />County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appartenances 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 t- the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />,.hopeny ,.
<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 _ —._._- - -_ -. _.--- - -. - --- -- -�_ - -�
<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 />R Other prior liens or encumbrances: _----- ---- - -_ - -- _ --__— _ -_
<br />3. Taxes, AaKwiments. 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 wfflcieat to enable the Mortgagee to pay such rotes, assessments or other charges as they become due.
<br />4; Teaarance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />apbot- dalltage by ,fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />b6liogae,'and with loos payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />sidjaat, collact and eompmmise, in its discretion, all claims thereunder at its sole option, authorized toe,therapply the
<br />psvJ,1"s W'Ibe testoeaeioe of the Property or upon the indebtedness secured hereby, but payments hereunder sW con-
<br />thrie uat[l[ the suam sacuted hereby no paid in full.
<br />5..13 gaerow Fot, Tum sad lantranm. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />nntrtmry uort",Wr sbdt pay to the Mortgagee,at the time or paying the monthly installments of principal and interest,
<br />arrttwelltb of Use ya.ety tmea, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />priatNy oiler 3Gis ilort / age. so as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />by'- >Igolltpgee eiR UM% Interest and dried to the payment of the items in respect to which such amounts were
<br />T`1t stuAUS piid,tu 111101714111111" hereunder are pledged as additional security for the indebtedness secured by this
<br />lfpet�/e, lioft 2nt>�all pay (p 1� the mount of any deficiency between the actual taxes, assessments, insurance
<br />f �oinld rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thaaeof.
<br />f. Repair, MaintaeMese and L'se. To promptly repair, restore or rebuild any buildings or improvements now or
<br />Wos hof ce the Pmpefty to keep the FkVerty in good condition and repair, without waste, and five from mechanic's or
<br />o0or firm rot expoialy subordmalyd to the tkn hereof; not to make, suffer or permit any nuisance+ to exist, not to dimin
<br />Wig or w4wr the'veiae of two Ptupe by any act or omiwon to act; and to comply with all requirements of taw with
<br />mscpect to the Property.
<br />4.g
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