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$S 103225 MORTGAGE '1u Al isentered into between Venneth e. Clark and Phyllis A. Clark, _ 8u8bAnd and WY €e (herein "Mortgagor") and 'rive Ports Bank _ (berein••Mort�ee ).. Mortgagor is indebted to Mortgagee in the principal sum of $ 19,725.96 evidenced by Mortgagor's note a "May, 30, " 1966 rein "Note") providing for payments of principal and interest, with the balance of the indebisdiass, if not'sooner.pstd, due end payable on April i, 1989 To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest, advanced by Mortgagee to protect the security of this Mortgage, and the performance of the cotenants and agreements of the Mortgagor contained herein, Mortgagor does hereby' mortgage and convey to Mortgagee the following described property, located in Hall County, Nebraska: Northerly twenty two (22) feet of Lot One (1) and the Northerly twenty two (22' feet of the Easterly one — third (1/3) of Lot Two (2), all in Block Forty Two (42) in. the Original Town, now City of Grand Island, Hall County, Nebcaska Together with all buildings, improvements, fixtures, streets, alleys, passageways, easement-,, rights, privileges and appurtenances located thereon or in anywise pertaining thereto, and the rent% issues and profits, reversions and remainders thereof; including, but not limited to, heating and cooling equipment and such personal property that is attached to the improvements so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared 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 ..arty" Mortgagor further convenants and agrees, with Mortgagee, as follows: 1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note_ 2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and warrants that the lien created hereby is a fast and prior lien on the Property. except as may otherwise be set forth herein. a The Property is subject to a Mortgage wherein --- -- -- -- - - -_.__ - -- - -- is the Mortgagee, recorded at Book _ _�_- , Page _ -____ of the Mortgage Records of County, Nebraska, which Mortgage is a lien prior to the lien created hereby. 0 Other Prior liens or encumbrances :_- .._____- _____ -.__ 3. Taxes, Anessments. To pay when due all taxes, special assessments and all other charges against the Property and, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due. 4. lowtrance. To keep the improvements now or hereafter located on the real estate described herein insured against d> raW by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the Mortgagee, and with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to adjust, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the "procee& to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con- tJnue until the sums secured hereby are paid in full. S. 0 Eaerow For Taxes and larmante. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the eohtrUYi N16401 410r Shall' pay to the Mortgagee at the time of paying the monthly installments of principal and interest, one- tmdf1b of the yearly taim. assessments, hazard insurance premiums, and ground rents (if arty) which may attain a peieeity, om-thk Moetpye, ail as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be held by the More without interest and applied to the payment of the items in respect to which such amounts were depaatsd.' Tate' warts paid to Mortgagee hereunder ate pledged as additional security for the indebtedness secured by this tale. llgortgagorshall pay to Mortgave the amount of any deficiency between the actual taxes, assessments, insurance L premiums end pound tents and the deposits hereunder within 10 day-, after demand is made upon Mortgagor requesting Mora thereof. & Maintenance and Use. To 1. •fir r, restore or rebuild any buildin or improvements now or AeNeit, promptly Pu ►'s P tDi t~'t hereafter oat the Property; to keep the Property in good condition and repair, without waste. and free from mechanic's or " otlentiens not expressly subordinated to the lien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin- Mir of impair the value of the Property any act or omimi,xt to act; and to comply with all rrquimments of law with reapeat to the Property.