|
i
<br />r
<br />X
<br />MORTGAGE
<br />85--- 000710
<br />This Mortgage is entered into between lank n__Wiese anei fPat-riry T Wi, g,,
<br />(herein "Mortgagor ") and
<br />FIVE POINTS BANK
<br />(herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 17, 200.00 evidenced by Mortgagor's note
<br />dated 2/7/85 (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on_ 2/1/91
<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 and convey to Mortgagee the following described
<br />Property located in Hal1 County, Nebraska:
<br />A TRACT OF LAND IN THE NORTHWEST DARTER OF THE SOUTHEAST
<br />QUARTER (NWaSE4) OF SECTION TWENTY -FOUR (24), TOWNSHIP ELEVEN
<br />(11) , NORTH, RANGE TEN (10) , WEST OF THE 6TH P.M., AND MORE
<br />PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A POINT
<br />ON THE NORTH RIGHT OF WAY LINE OF THE UNION PACIFIC RAILROAD
<br />COMPANY 484.3 FEET NORTHEASTERLY FROM ITS POINT OF INTERSECTION
<br />WITH THE NORTH -SOUTH CENTER LINE OF SAID SECTION; RUNNING
<br />THENCE IN A NORTHWESTERLY DIRECTION PERPENDICULAR TO SAID
<br />NORTH LINE OF THE UNION PACIFIC RAILROAD COMPANY RIGHT OF
<br />WAY FOR A DISTANCE OF 200 FEET: RUNNING THENCE IN A SOUTHWEST-
<br />ERLY DIRDCTION PARALLEL TO THE NORTH LINE OF SAID RIGHT OF
<br />WAY FOR A DISTANCE OF 50 FEET; RUNNING THENCE IN A SOUTHEAST-
<br />ERLY DIRECTION PERPENDICULAR TO SAID NORTH RIGHT OF WAY LINE
<br />FOR A DISTANCE OF 200 FEET TO A POINT ON SAID NORTH RIGHT
<br />OF WAY LINE; RUNNING THENCE ALONG AND UPON SAID NORTH RIGHT
<br />OF WAY LINE IN A NORTHEASTERLY DIRECTION FOR A DISTANCE OF
<br />Tqp%.Iw autivrie rrtreets, 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 Ihereto. 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 />Cl The Property is sub&.& to a Mortgage wherein .
<br />is the M017411111ce, recorded at !took .._...____ ___ . Page of the Mortgage Records of
<br />Nebraska, which Mortgage - -- - _County,
<br />1'tgage is a lien print lu the lien created hereby.
<br />G Other prior liens or encumbrances:
<br />3• Taxes, Assessinsials. To pay when due all taxes, special assessments and all other charges against the Property
<br />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 tite Mortgagee to pay such taxes, assessment's 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 tither hazards It'; Mortgagov tray require, in amounts and will) companies Acceptable to the
<br />and with logs payable to the Mortgagee. In case of loss under such polieies the tslortgages• ig aaulhorirptl to
<br />adjust. cogent and compromise, In its discretion, all claims thereunder at its sole option, authorized toeitherapplythe
<br />to the restoration of the Property to upon the indebtedness steered hereby, but payments hereunder shall con.
<br />tinuO until the sums secured hereby are paid in full.
<br />S. FJ Mallow For Taxes and insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />shall pay to the Mortgagee at the time of paying the monthly tostallments of principal and interest,
<br />am-twelfth of the yearly taxes, arsessments, hazard insurance premiums, slid ground rents or any) which may attain a
<br />Priority over the Mortgage, all as reasonably estimated from time tti time by the Mortgagee. The amounts so paid shall he
<br />held by the Mortgagee without interest and applied to the pavntent or the Items in tr%,p4Tj, io wiltch such atu meta wen,
<br />dMosited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtr(Inesr secured by this
<br />tshsll pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, hrsurancp
<br />Premiums and pound truth and the depcesits hereunder withhl It) thereof, days
<br />tymentt after demand is nlsdr' upon Mor(gage)r trquesting
<br />d. Itepak, Maintenance and Use, 'Po promptly repair, store or rebuild any huildnlgs ear nnprovesueuts now err
<br />t after am the rroperty: to keep the Property in ga nd condition and r,lpair, without waste, and free from m.•rhanle',v or
<br />a ttttas not cxpr Iy suborr+tnMIA to the hers hereof; not to rnake..auffer or permlt ring nu1'"ri e Ic rglyl, nor an dinim.
<br />ob of impair the VAlut. of the I'm1wrry lay any l3rt or otnlsstntt to act; and to nrmply with tilt r"g1vi"mrnls 14 Isw with
<br />r�y�ct its the= Proiw'rts_
<br />a
<br />
|