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THIS MORTGAGE
<br />single person, as
<br />husband and wife,
<br />to as "mortgagee"
<br />86, 107357
<br />REAL ESTATE MORTGAGE
<br />is entered into between BONNIE JO ROTT, a
<br />"mortgagor ", and BOHUMIL ROTT AND HOPE ROTT,
<br />or the survivor of them, hereinafter referred
<br />Mortgagor is indebted to the mortgagee in the principal
<br />sum of Thirty ThreeThousand DD11arS ($33,000), evidenced by
<br />mortgagor's note of even date herewith, providing for principal
<br />and interest with the balance of the indebtedness, if not
<br />sooner paid, due and payable December 15, 2001.
<br />To secure the payment of the Note with interest as provided
<br />therein, the payment of all other sums, with interest advanced
<br />by mortgagee to protect the security of this mortgage, and the
<br />performance of the covenants and agreements of the mortgagor
<br />contained herein, mortgagor does hereby mortgage and convey to
<br />mortgagee, the following described property located in ball
<br />County, Nebraska:
<br />Lot Five (5) "Subdivision of Block One (1),
<br />Vine Hill Subdivision," an Addition to the
<br />City of Grand Island, Hall County, Nebraska
<br />together with all buildings, improvements, fixtures, easements,
<br />rights, privileges and appurtenances located thereon, or in
<br />any way pertaining thereto, a,id --he rents, issues and profit
<br />reversions and remainders thereof; including, but not limited to,
<br />personal property that may be attached to the improvements that
<br />may constitute a fixture; all of which, including replacements
<br />and additions thereto, is hereby declared to be a part of the
<br />real estate secured by the lien of this mortgage, and all of
<br />the foregoing being referred to in this document as the "property"
<br />_Mortgagor further covenants and agrees as follows:
<br />1. Payment. To pay the indebtedness and interest thereon
<br />as orovided in this mortgage and the note.
<br />2. Title. Mortgagor is the owner of the property-' and has
<br />the right and authority to mortgage the property and warrants
<br />that the lien created hereby is a valid first mortgage on the
<br />property.
<br />3. Taxes and Assessments. To pay when due all taxes, special
<br />assessments and all other charges against the property, and, upon
<br />written demand by mortgagee, to add to the payments required in
<br />the Note secured hereby, such amount as may be sufficient to enable
<br />the mortgagee to pay such taxes, assessments or other charges as
<br />they may become due.
<br />4. Insurance. To keep the improvements located on the real
<br />estate described herein insured against damage by fire and other
<br />hazards as mortgagee may require, in a minimum amoun� equal to
<br />the principal and interest due hereunder with loss payable to
<br />mortgagee. In case of loss under such policies, the mortgagee
<br />is authorized to adjust, collect and compromise, in the discretion
<br />of the mortgagee, all claims thereunder at mortgagee's option
<br />and to apply the proceeds upon the indebtedness secured hereby
<br />with payments hereunder continuing until the sums secured hereby
<br />are paid in full.
<br />5. Regain, Maintenance_ and Use. To repair ;promptly, and to
<br />keep the iproperty in good c_�nc ition without waste and free , -roe
<br />liens not expressly suoordir:al_cd to the lien. hereof.
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