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<br />- t�M�fORTGAGE 87i 100016
<br />is entered into between /''/ - ��-rt .�Q_+t- a�`f_-
<br />(herein "Mortgagor ") and
<br />'I'm aZatz -,e 4- f f — - � ^ (herein ••Mortgagee,•).
<br />Mortgagor is indebted to Mortgagee in the principal sum of $nQG— , evidenced by Mortgagor's note
<br />dated Z -2— 14- 4& (herein "Note ") proiridin tof payments of principal and interest, with the balance of tote
<br />oot sooner pa;4, due and payable on
<br />Tostrenre dwpaytnent of the Note, with interest as provided therein, the payment of all other sums, with Interest,
<br />ativaeoid`b4 koviilii� 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 and convey to Mortgagee the following described
<br />property located /�t
<br />/ocated in lLdS County, Nebraska:
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<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 rents 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 />Mortgagor further convenants and agrees, with Mortgagee, as follows-
<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 />warrant; that the lien created hereby is a first and prior lien on the Pro pert except as atherwise be set orth herein.
<br />B The Property is subject to a Mortgage wherein( t i� _ •�`c /�� /�►-
<br />Is the Mortgagee, recorded at Book Page _ ___ _ . of the Mortgage Records of __ _ County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />C3 Other prior liens or encumbrances:
<br />3. Taxes, Assessments. To pay when due all taxes, special assessments and all other charges against the Property
<br />aced, 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. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and with Ions payabic to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjuait, collect and compromise, in its discretion. all claims thereunder at its sole option, authorized toeitherapply the
<br />prooeeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con -
<br />dmw until the sums secured hereby are paid in full.
<br />6, 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- twelftb of the yearly taxes, assessments, 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 *e
<br />held by the Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. The sutra paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Mottpge. Morigyorshalt pay to Mortgagee the amount of any deficiency between the actual taxes, assessment-, insurance
<br />premiumm and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />B. Repair, Maintenance and Uw. To promptly repair, restore or rebuild any buildings or improvements now or
<br />hereafter on the Proprrty; to keep the Property in good condition and repair, without waste, and free from mechanic's or
<br />other liens not expressly subordinated to the lien hereof: not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />ish or impair the value of the Property by any act or omission to act; and to compiv with all requirement% of law with
<br />sv"wt to the Property.
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