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<br />86- 103175
<br />MORTGAGE
<br />l7iidll [vrteisentered into between $jC6itd UakrtinA7 3iiirj 1Annifgr j„ Martinez
<br />f
<br />_ husband ad 'F _ _(herein "Mortgagor") and
<br />;FJY+r iii _LiAfJk pneeeia "Mortpgee
<br />is hndebted to is the principal arm of $ 1.11n0.00 , evidenced by Mortgagor's note
<br />dated " j Is* fQ' -: 1986 {strain "Note ") providing it r'yaynwots of principal and,interest, with the balance of the
<br />indebtedness, lf'noisooner paid, due and payable 6h, June 15-
<br />To secure the paymentof the Note, with interest as provided therein; the payment of all other sums, with interest,
<br />adtranced b3' Mostgagee to pr+utect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgor coataincd herein, Mortgagor does here by mortgage and convey to Mortgagee the following described
<br />property.Iocated in —Halt_ County, Nebraska:
<br />The, East Seventy and: Six tenth (70.6) feet of Lot Three (3) and the West
<br />Fourteen and-Eight° Tenth (-74.8) feet of Cot Four (4), Brock One (:1),'
<br />pleasant' View Seventh Addition, to the City of Grand island, Halt County,
<br />Nebraska.
<br />To®ethec with all building, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />1
<br />appurtenances located thereon or in anywise pertaining thereto, and the rent_c issues and profits, reversions and remainders
<br />thereof; including, ut not limited to, heating and coolie equipment and such personal property that is attached to the
<br />rag. g g Pe
<br />i
<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 b�, the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />wiper"',
<br />Mortgagor further convenants and agrees, with Mortgagee, as follows:
<br />a
<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 first and prior lien on the Property, except as may otherwise be set forth herein.
<br />s r'
<br />Cl The Property is subject to a Mortgage wherein -_ Five. PointS._6anl�___— .— _— _ -�, --
<br />is the Mortgagee, recorded at Book __ . , Page --- - ----- of the Mortgage Records of _—. -Hall— County,
<br />Nebraska, which Mortgage is a lien prior to the lien ereated bereby.
<br />0 Other prior liens or tmcumbrancrs:--- -- - -_- --- -- - -- ___ _ _.. -- - -- -- - - - -- ---- --- - - - - --
<br />3. Tan, Agents. To pay when due all taxes, special assessments and all other charges against the Property .
<br />arid, 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 tewrance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />allabut dattuo by Cue and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />'kloetgagae and with lots payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjmt, Collect and compromise, in its.decretion, all claims thereunder at its sole option, authorized to either apply the
<br />piroo $t so the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />timse aatil the surbe- iieaned hereby are paid in,full.
<br />L 0 Satrisw For Tam and Insurance. Notwithstanding anything contained in paragraphs 3 and A hereof to the
<br /><x»itrss9. 111111111 Pay to tbe`,Mortgagge@ at the time of paying the monthly instalments of principal and interest,
<br />ene•twtlhA.of the yes,dy taxes, assessments, hazard: insurance premiums, and ground rents (if any) which may attain a
<br />pio tty otet. this Mortgage. all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />btrstd by the U00111114110111 without interest and applied to the payment of the items in respect to which such amounts were
<br />dsporited. ;The swan paid to m ortgall" hereunder are pledged as additional security for the indebtedness secured by this
<br />L
<br />lffett�; aN►18pay to Mortgagee tire araount of any deficiency between the actual taxes, assessments, insurance
<br />ground teats and the dsposlta hereunder within 10 days after demand is made upon b'fonpgor requesting
<br />lAeteef.
<br />4, ktaift inact 4" tire. To promptly repair, restore or rebuild any buildings or improvements now or
<br />bespatter om the h©perty; to keep tin° Ptaprrty in good condition and repair, without waste, and free from mechanic's or
<br />+.
<br />urban he," aot earr"ily subord {naked to tits, lien hereof; not to make. suffer or permit any nuisancw to exist, nor to dimin-
<br />iab or 'l the valor of the Prt, r, ivy any iwt or omission to act: and to comply with all requin meats of law with
<br />roves "lio the Property ,
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