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Lot Twelve (12), Piper's Glen Subdivision, being a Subdivision of Lots Eight (8) and Nine (4), Warren Subdivision, in the City of Grand Island, Nall County, Nebraska. Together with all buildings. improvement,. fixtures- streets. afSei s passageways. vasements. 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 deci to be a part of the real estate secured by the lien of this Mortgage and ail of the foregoing being referred to herein as the "r``'^}Y^" 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 first and prior lien on the Property. except as may otherwise be. set forth herein. D The Property is subject to a Mortgage wherein is the Mortgagee. recorded at Book _.__ -- -- - --- . Page _. _. __ _. of the Mortgage Records of Nebraska, which Mortgage is a lien prior to the lien created herehs . 0 Other prior liens or encumbrances:._ 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 tinder 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. 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 km payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to adjust, compromise. in its discretion, all clamis thereunder at its sole option, authorized to either apply the proceesis to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con- Unue until the stunis secured hereby are paid in full_ 0.. 0 Escrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and a hereof to the contrary, Mortgagor I pay to the Mortgagee at the tithe of paying the monthly installments of principal and interest, one-twelfth of the yearly taxes, assessmerits, hazard insurance premiums. and ground rents (ir any) which may attain a priority over this Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shads be held by the, Mortgagee without interest and applied to the payment of the items in respect to which such amounts were deposited, 'sire sums paid to Mortgaigee hereunder are pledged as additional security for the indebtedness secured by this e Mortgagor all M to Mortgaitelit the amount of any deficiency between the actual taxes, assessments. insurance pretemmas and ground remiss and the deposits hereunder within 14 days after demand is made upon Mortgagor requesting Payment 6 6. 111irplaoW, Matartirasom and Use. To promptly repair, re -store or ithuald ant` building, or imprA)oeme'll" fits ar n iter ern the Property; to keep the _Property in good Condition and repair, withoul waate, and free front niec.hani,',a,)r €_b�81 ills not expressly imils4rdinsted to the 14-ri hereof; Fnut. to make, Suffer m ptrf iii AnV nlli 5dfo"' to t° # =3Q. MIT I,' dSiTn'! ci f or B3£i ado tbe Yarl•%$4 of th9,` l•'tY3lmN.P1, b' QA;i @3". MCI or omiiiin(w if,) OCL and to ei :mgge Willi all rfi *stirs ri ntk'.}tK of law —4h, risipiwi to the Prtpr�ty.