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S ,r jtA MORTGAGE 86-105104 This Mortgage is entered into between Peter J. Levering and Arleta J. Levering Pusband and Wife. as Joint Tenants & not as tenants in common (li>erein "Mortgagor") and Five Points Bank (herein "Mortgagee Mortgagor is indebted to Mortgagee in the principal sum of S. 4,onn nn _ , evidenced by Mottgagoes note dated C) I R 6 (herein "Note ") providing for payments of principal and interest, with the balance of the ....�..... «..v .... . ...... ......a.... .,... v� � u a...+a aa.0 i..• . a,v a. v.• we • afeca n c,+a w as ay vu,c, ",x a/c xt LLElc(1L DThe Property is subject to a Mortgage wherein .___.__._F Ports BAnk _ _ is the Mortgagee, recorded at Book _— , Page _ of the Mortgage Records of — iia 11 County, Nebraska, which Mortgage is a lien prior to the lien created hereby. Other prior liens orencumbrances :____— __:_."_ -- 3. Taxes, Assessments. 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 NOW secured hereby, such amount as ` May be sufficient to enable the Mortgagee to pay such tastes, assessments or other charges as they become due. 4. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured against damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the Mortgagee, and with less 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 °proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con- tinue until the sums secured hereby are paid in full. 5. 17 Escrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the 'contrary, Mortgagor shall pay to the Mortgagee at the time of paying the monthly Installments of principal and interest, one twelfth of the yearly taxes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a iptiority over this Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be -held by the Mortgagee without interest and applied to the payment of the Items in respect to which such amounts were 'deposited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this Mortgage. Mortgagor shall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance premiums and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting payment thereof. B. Repair, Maintenance and Use. To promptly repair, restore or rebuild any buildings or improvements now or hereafter on the Property; to keep the Property in good condition and repair, without waste, and free from mechanic's or other lions not expressly subordinated to the lien hereof; not to make, suffer or permit any nuisance to exist, not to dimin- ish ar impair the value of the Property by any act or omission to act; and to rompiy with all requirements of law with vr%pect to the Property.