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<br />MORTGAGE 85•.: 001598
<br />This Mortgage is entered jnto between Fss i nk RroYhP c Drvwa t Tnc
<br />Five Points Bank (herein "Mortgagor ").and
<br />.�.
<br />(herein "Mortgagee-).
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ Z3 . W U _ , evidenced by Mortgagor's note
<br />dated 41� /RS (herein "Note") providing for payments of principal and interest, with, the balance of the
<br />indebtedness, if not sooner paidi due and payttble on.-4 /1/92
<br />To secure the payment of the Note, with interest as provided therein, the
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance payment a alt. other sums, with interest,
<br />the Mortgagor contained herein, Mortgagor does hereby ortgage and convey to Mortgagee e he following des gibed
<br />property located in ia t t County, Nebraska:
<br />Lot Twelve (12) Valley View Third Subdivision in the City of Grand Island, Hall
<br />County, 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 />a part of the real estate se
<br />" Pro perty,•
<br />cured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />"Property".
<br />Mortgagor furtherconvenants 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 authorriy 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
<br />g - -__—
<br />Nebraska, which Mortgage Is a lien prior to the lien created hen by t hk Mortgage Records of
<br />Q Other prior liens or
<br />B• Taxes, Amenta. 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 he 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. htsltnnce. To keep the 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 I(K% under such policies the Mortgagee is authorized to
<br />AM, tmlieet and compromise, in Its discretion, Bit claims thereunder at its hole option, Authorized to either apply the
<br />to the restoration of the Property or uptm the indebtedness secured hereby, but payments hereunder shall can-
<br />ttnue until the sums secured hereby are paid in full,
<br />contrary, Mortgagor a. i:1 Escrow For i' and lnatrance. Notwithstanding anything contained in
<br />shall pay to the Mort at the time of Paying y the month) installments ors rind a hen+of to he
<br />ors- twelfth of the yearly taxes, asseswments, hazard Insurance premiums, and ground rents (if any) which may attain a and interest,
<br />PrWfity over this Mortgage, All as reasonably estimated from time to time by the Alongagee. The amounts -so paid shill
<br />held by the without interest and applied to the payment of the items in respect to which such amounts shall
<br />were
<br />deposited, flee soots paid to Mortgagee heeewlder are pledged as additional security for the indebtedness secured by this be
<br />. Mo atlall pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />payment themor.
<br />te�u Slid ground rents slid the deposits hereunder within 1(l days after demand is made upon Mortgagor requesting
<br />a, RV11144T, Malntenaam and Use. '1'o promptly repair. restore or rebuild any buildings or hnpmvementa now or
<br />hereafter On the+ Property; to keep the Property in good condition and repair, without waste, and free from lnerhanic's or
<br />otherlieens not expressly subordinated to tha iien hereof; not to stake, suffer or permit any nui»ance to exist, nnr to dinlin.
<br />1" or impale the value of the Property by any act nr Oill 1011 tO ac's; and to comply' with all rl'gillremr11ts 1)f Iaw will,
<br />rerlpcet err the Prrrtn+rty.
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