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<br />MORTGAGE 85-001826
<br />This Mortgage Is entered into between Vlassev K Patsios and Dori
<br />Five Points Bank (herein "Mortgagor") and
<br />(herein "Mortgagee ").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 3 , 0 0 0. 0 0_ , evidenced by Mortgagor's note
<br />dated — 4-12–AS --(herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on. 4-12-811
<br />To secure the payment of the Note, with interest as provided therein, the payment of ell 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 — Hall County, Nebraska:
<br />Lot Nine (9) in Block C Parkview Subdivision, an addition
<br />to the City of Grand Island, 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 />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 />"Property".
<br />Mortgagor further convenanls 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 />'l. 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 />0 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 lire lien created hereby.
<br />U Other prior liens or encumbrances;_—_, _._ _.
<br />9. Taxes, AsSaWnents. 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 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 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 lase of loss under such policies the Mortgagee is authorized to
<br />adjust, collect and compromise, in its discretion, all claims thereunder at It,, sole option, authorized tneitherapply the
<br />to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tinue until the sums ifiecured hereby are paid in full.
<br />3. F1 Fecrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor shalt pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one twelfth of the yearly taxes, itawssments, hazard insurance premiums, and ground rents iii any) which may attain a
<br />priority aver this Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall he
<br />held by the Mortgagor without Interest and applied to the payment of the items in respect to which Nuch amounts were
<br />deposited. The sum% paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />M(Agaile. Mort or shall pay to Mortgagee the amount of holy tiefirlency Ix•lwren like actual taxes, asw•ssrslent ;, insurance
<br />preroiuma and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />Payment thereof.
<br />b, Repair, Maintenance and Use. To promptly repair, restore or rebuild any huildings or improVeinplits ilOw Ur
<br />tneraafier on the property, to keep the Property in good condition and repair, without waste, aid free front mechanic'.~ or
<br />Other liens not exprermly subordinated to the hen hereof; not to make, suffer ur perrnd any nuisanec to exist, nor in dimin•
<br />ish or impair stir value• of the Property by any act or omission to act; and f" cnmptc with all r •qulrments eef law with
<br />ro•sixcl to the llrolre.rle,,
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