|
F
<br />I
<br />F,
<br />a
<br />W
<br />"4
<br />MORTGAGE 85r. 001477
<br />This Mortgage is entered into between Geralyn D. Leiser, A Single Person
<br />Five Points Bank (herein "Mortgagor ")and
<br />(herein "Mortgagee "),
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 000. 00
<br />18, ---_ , evidenced by Mortgagor's note
<br />dated March 29 �9gZ'herein "Note"
<br />) providing for payments of principal and interest, with the balance of the
<br />Indebtedness, if not sooner paid, due and payable on—. May 10 , 2000
<br />To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mottgagee.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 folio
<br />Property located in Hall
<br />County, Nebraska: wing described
<br />Lot 75, in West Lawn, an Addition to the City
<br />Grand Island, Hall
<br />of
<br />County, Nebraska
<br />Cil
<br />Y
<br />3
<br />t • q
<br />r-
<br />vv
<br />L�
<br />Z
<br />CAS
<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, healing and cooling equipment and such
<br />improvements so as to constitute a fixture; all of which, including replacements and ddiponse there, s is hereby edeclared
<br />to be a part of the real estate secured by the lien of his Mortgage and all of the in
<br />being referred to herein as the
<br />'Pr.operty,.
<br />Mortgagor further conennants 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 />Go The Property is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Book _ , Page
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby the Mortgage Records of - __- -- ---- .County,
<br />0 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 />perty
<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, assessments or other charges as they become due.
<br />4. Insurance. To keep he 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 loss payable to the Mortgagee, In case of loss under such policies the Mortgagee Is authorized to
<br />adjust, collect and eotnpromise. In its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />to he restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tinue until the surtu secured hereby are paid in full.
<br />8. G Escrow For Taxes and Insurance, Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />��+y, M shall pay s, the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />prionty over t the yearly taxes, assessments, hazard insurance premiums, and ground rents (it any) which may attain a
<br />priority over this Mortgage, all reasonably estimated from time to time by the Mortpilee. The amounts so paid shall be
<br />hell by the Mortgagee without interest and applied to the payment of the items in nwpect to which such amounts were
<br />deposited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Mo Mortgagor round rents pay to the deposit., he amount of any deficiency txrtwPPn the actual taxes, saw ssments, insurance
<br />Payne rr�v and ground rents and he deposit. hereunder within 10 days after demand is made upon Mortgagor requesting
<br />Payment thereof.
<br />d. Repalt, Maintenance and Use, 'fo promptly repair, restore or rebuild any buildings or Improvements now or
<br />la`hhereafter on the Property; to keep the Property in good condition still repair, without waste, and fns- from mechanic's or
<br />eOrtl tpalrtth pvalue 01' hie Proprtty hlYeanvtact or orals lonrtI(kaeluandttoc,mplytwlth nor
<br />r "pPet to the WrolmrtY.
<br />(Oi
<br />dr�l
<br />
|