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MORTGAGE 86' 105628.
<br />l'hii Mort�ige .
<br />is entered into between William Wrenn Prh - anti i a Ann j e8herr,
<br />Husband �e, as Joint Tenants (herein "Mortgagor,") and
<br />FIVE PUINTS`- DANK ,.
<br />_(herein "Mortgagee ).
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 12, 6,00 nn — , evidenced by Mortgagor's note
<br />dated Q/25�85_ (herein "Note') providing for payments of principal and interest, with the balance of the
<br />Indebtedness, if not sooner paid, due and payable on— 3,[25(87
<br />To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by. Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage end convey to Mortgagee the following described
<br />property located in _ Hall County, Nebraska:
<br />Lot Seven, Block Six, Country Club Subdivision, Hall County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rent 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 by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />„perry,.
<br />Mortgagor further convenants and agree., with Mortgagee. as follow,:
<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 />0 The Property is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Book ___ .. Page _ . . - _ of the Mortgage Records of _.
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby
<br />❑ Other prior liens or encumbrances:
<br />County,
<br />3. Taxes, Assessments. 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 :.ecured hereby, such amount as
<br />way be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Int"ance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />aga inat damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjust, collect and compromise, in its discretion, all claims thereunder at its sole option, authurizedto either apply the
<br />paoeeads to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tinue until the stems secured hereby are paid in full.
<br />S. 0, Escrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor shall pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one - twelfth of the yearly taxes, rasessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />Priority over this Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />bead "by the Mortgagor without interest and applied to the payment of the items in respect to which such amounts were
<br />dopiositaii The sutra paid to'Mortilope hereunder aril pledged as additional security for the indebtedness secured by this
<br />L Mortgage. AMortil"orshall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />pats ume and ground rents and the deposita hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payasent thereirf,
<br />S. Repair, Mamtetaaice and Use. To promptly tt pair, restore or rebulid any buildings or improvements now or
<br />hereafter on the Ptoprtty; to keep the Property in good condition and repair, without waste. and free from mechanic's or
<br />other hem not expressly tuburdinated in the lien hereof; not to make, suffer or permit any nuisance to exist, nor to dimin•
<br />lab or impair the value of the Properly tty any act or omtwion to srt: and to comply with all requirements of law with
<br />twxprct to the Prrrprrty -
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