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<br />IORTGA 87-100190
<br />This Mortgage is entered Into between
<br />(h4Preln °f 5?rt , e and
<br />Mortgagor is Indebted to Mortgagee to the principal sum of $ .1 , pAp.II¢ -.— , evidenced by Mortgagar's now
<br />flitted AituUy _9__1.W_ (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, dvn and payable on,_. mulary 15, 19,9Q.._ ,
<br />To secure the payment of the Dote, with interest as provided thereto, the payment of all other sutras, 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 and convey to Mortgwe the following described
<br />property located in ___ Hall -- _ County, Nebraska:
<br />Lot Twelve (12) in Block "A" in Park -View Subdivision in the NE* of Section 29
<br />and the sNWt of Section 28, all In Township 11 North, Range 9 West of 6th P.M.
<br />Village of Parkview, 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 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 />"Property ".
<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 />warrants that the lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />❑ The Property is subject to a Mortgage wherein
<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 />❑ 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 />and, 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, as,-Pssments or other charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the real estate described berein 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 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, authorized to either apply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tinue until the sung secured hereby are paid in full.
<br />S. 0 FAcrow For Taxes and insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor shed] pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />orte-twirifth of the yearly taxes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />Priority over the McwtgW. all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />held by the Morigislift without interest and applied to the payment of the items in respect to which such amounts were
<br />r
<br />deposited. Tho u paid to M hereunder are pledged as' additional security for the indebtedness secured by this
<br />Mortgage, Mortgagor sheik pay to Mor the amount of any deficiency between the actual taxes, assessments, insurance
<br />p"miums and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />6, Repair, Maintenance and Use. To promptly repair, restorr or rebuild any buildings or improvements now or
<br />f*«
<br />h0rR!a t can the Property; to keep the Property in good condition and repair, without waste, and fare front rneahania °s or
<br />«glens not expressly subordinated tes the him hereof: neat to make, suffer os Permit any nui lee to exist, thn to diriws
<br />ksh €tr>i it thv valtw of the Property by any act or om slon to art: and it, c"mply with all iviluirs^memts of law wtth
<br />mv,etA "t the lmre "Toy.
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