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MORTGAGE 8�-- 001670
<br />This Mortgage is entered into between. dney D. Leibert and Mighellg R
<br />F! Leif ertr, Husband and Wife _(herein "Mortgagor") sad
<br />Five Points Bank"
<br />(herein "Mortee"j
<br />Mortpgw, is indebted to Mortgagee In the principal sum of s 50,000.00 , evidenced by'Mortgagoes note
<br />elated 3 -2 fi 85 (herein "Note ") providing for payments of principal and interest, with the balance of Ow
<br />�abr , if rot sooner peid, thie and payable on _25-85
<br />Toseomethe payment of the Note, with interest as provided therein; the payment of all other sums, with interest,
<br />advanced 'by' to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the lifsntpagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Hall County, Nebraska:
<br />Lot Forty Three (43) Capital Heights Seventh
<br />Subdivision, Hall 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 />improve ments 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 />..yn
<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 />Z. Title. Moripgor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrmtta that the lien created hereby is a First and prior lien on the Property, except as may otherwise be set forth herein.
<br />:W The Property is subject to a Mortgage wherein____F -irSt Federal_ Snyi nqe R T.r%an
<br />is the Mortgagee, recorded at Book ___ , Page _ _ _ __- of the Mortgage Records of _._ .alb County,
<br />Nebraska, which Mortgage Is a lien prior to the lien created hereby
<br />0 Other prior lintsor encumbrances: a
<br />$. Taus, Assessments. To pay when due all taxes, special assessments and all other charges against the Property
<br />asm, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be aultieient to erwble the Mortgagee 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 />against damage by Are and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and with lore payable to the Mortgagee. In care of loss tinder such policies the Mortgagee is au. to
<br />sad compromise. In its disimthrn, all cisim s 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 cot-
<br />thme, until the sum secured hereby are paid in full
<br />ti. 0 Boom For Taaea and t . Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />ses"My. Unripe" sit pay to the Mortgagee at the time of paying the monthly installments of pftdpal and interest,
<br />osie4wetftb.of the yearly taxes, suessuirnts, hazaW Insurance premiums, and ground rents (if imy) which may attain a
<br />priority ow this Mon". all a reasonably estimated from time to time by the MortgW. 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 woe
<br />dppo&Wd. The swess paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />alts" pay to Mort the amount of any deficiency between the actual taxes, assessments. huumu:ce
<br />primilanat and ground tents and the deposits hereunder within Ill days after demand is made upon Mortgagor requesting
<br />®
<br />payment thereof.
<br />0. Repair, Maintenance and Vw. To promptly repair, restore or rebuild any buildings or improvements now or
<br />hereafter on the PropettY. to keep the Property in good condition sad repair, without vote. and free from mechanic's or
<br />g other Uses not e*pr@Wy mcbettlinsted to the lien hereof. not to make, suffer or permit any nuisance to exist. nor to dimin-
<br />Ish at Impair the value of the Properly by any act or ontilmion to act; and to comply with all requirements of law with
<br />t to the Property,
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