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MORTGAGE
<br />This Mortgage Is entered into between .Bobby D n his r own r; & ac
<br />sparse of the other, Joint lbnants with right of survivorship and
<br />rewnts in common men (herein "Mortgagor ") and
<br />I FIVE POTNTS BANK _(herein "Mortgagee ").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 70, ❑QQ - oo , evidenced by Mortgagor's note
<br />dated 2/25/85 (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />Indebtedness, if not sooner paid, due and payable on_ 8/24/85
<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
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<br />3. Taxes, Amesstments. 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 Mortgagte 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 />apinst dwaW by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />, and with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee Is authorised to
<br />adhrst, collect and compromise, in Ilia 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 sums secured hereby are paid in full,
<br />5. 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 />- twelfth of the yearly taxes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />priority over this Mortgage, all so, reaonably estimated from time. to time by the Mortgagee. The amounts so paid shall be
<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 surns paid to Mortgagee hereunder are pledged as additional security for the Indebtednesa secured by this
<br />Mort relish pay to Mortgagee the amount of any deficiency between the actual taxes, a&wumenls, insurance
<br />premiums and ground rents and the dept-Alts hereunder within 10 days after demand Is made upon Mortgagor requesting
<br />payment thereof,
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<br />b. Repair, Maintenance and ties. To promptly repair, restore or rebuild any buildings ur Improvements now or cr
<br />tereafter on the Property; to keep the Property in good condition and repair. without waste. and free front merhanie's or
<br />other liens not expressly subordinated to the lien hrreoh not to make, suffer or permit any nuisance to exist, nor to diem•
<br />Isle or impair the value or the Property hV ally Act or omimion to eel; and to romply with all meiuitwnteoty or law Willi
<br />respect to the Propert. ,
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<br />property located in Hall County, Nebraska:
<br />Lot Four (4) Hickman Subdivision, Grand Island, Hall County, Nebraska.
<br />Irregular Size. AKA — 2211 West La Mar Avenue, Grand Island, 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
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<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 />.,f'reperty,.
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<br />Mortgagor further coveenanGs 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 ereated hereby.
<br />© Other prior liens or encumbrances: - —. -- _ -- __--- — _._--- --------------- - _— _ - - - -._ - - - - --
<br />3. Taxes, Amesstments. 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 Mortgagte 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 />apinst dwaW by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />, and with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee Is authorised to
<br />adhrst, collect and compromise, in Ilia 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 sums secured hereby are paid in full,
<br />5. 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 />- twelfth of the yearly taxes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />priority over this Mortgage, all so, reaonably estimated from time. to time by the Mortgagee. The amounts so paid shall be
<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 surns paid to Mortgagee hereunder are pledged as additional security for the Indebtednesa secured by this
<br />Mort relish pay to Mortgagee the amount of any deficiency between the actual taxes, a&wumenls, insurance
<br />premiums and ground rents and the dept-Alts hereunder within 10 days after demand Is made upon Mortgagor requesting
<br />payment thereof,
<br />�I
<br />b. Repair, Maintenance and ties. To promptly repair, restore or rebuild any buildings ur Improvements now or cr
<br />tereafter on the Property; to keep the Property in good condition and repair. without waste. and free front merhanie's or
<br />other liens not expressly subordinated to the lien hrreoh not to make, suffer or permit any nuisance to exist, nor to diem•
<br />Isle or impair the value or the Property hV ally Act or omimion to eel; and to romply with all meiuitwnteoty or law Willi
<br />respect to the Propert. ,
<br />_
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