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MORTGAGE " 001985
<br />This Mortgage is entered into between Fr��yok W Ho and Pat -r; .. rr
<br />j� Fiotz� b
<br />Husand and Wife
<br />I
<br />Five erein "Mortgagor") and
<br />ve Points Bank
<br />(herein "Mortgagee "),
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ _3 0J 4 0 0.0 0 , eridenced b Mo '
<br />y rtgagor s note
<br />dated ---4 Z 23IB5— (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on_ 4123/2010
<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
<br />property located in Ha 11_ _ County, Nebraska:
<br />Lot Three (3) in Block One (1) in Windolph's Addition to
<br />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 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 />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 hers 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
<br />Nebraska, which Mortgage is a lien prior to the lien created hereb} .
<br />O Other prior liens or encumbrances:
<br />County,
<br />3. Taxes, AsKmments. To pay when due all taxes. special assessments and all other char ansl the Pre rte=
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secured hervh%, ,.h a ng
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessment.+ or other charges as the` t -t
<br />4. Insurance. To kee=p the improvements now or hereafter located on the reai t.aatc xVwntW4
<br />against damage by fire and such other hazerds as Mortgagee may require, in amounts and w t:
<br />Mortgagee, and with loss payable to the Mortgagee. In case of loss under such poiici- the y ;
<br />adjust, collect and compromise, in its discretion, all claims thereunder at its sole a►pltr,rs ,,,, �• ,
<br />proceeds to the restoration of the Property or upon the indebtedness secured hervbv. but a .
<br />tinue until the sums secured hereby are paid in full. .�
<br />S. r:7 Ewrow For Taxes and Insurance. Notwithstanding anything contained tit r o t ,
<br />!nary, -Mortgagor shall pay to the Mortgagee at the time of paying the monthly installment., k.4
<br />one twelfth of the yearly taxes, assessments, hazard insurance premiums, and ground rents is area & wh c ► 14
<br />Priority over this Mortgage, all as reasonably estimated from time to time by the 4ortgagee. qtr TIM. � i
<br />kd All
<br />head by the M0"001" without 100rod, err) applird to the paympni of thtA iternk, in rw, -V( ta) wheah Nuvb a sums, Wert-
<br />t1tlePWt d_ The saris paid ire Mortgagee hereunder SW R (�d�Pd a� Addltt"1131 6PCl1Pily Yny thi,
<br />kiii" r1i rT1
<br />it r illori orrttall pay to Moftgagta' the 1IHt3U�E �►f i y cief � {racy 6- tweed the actual !axe= _ -
<br />rnlurn14 and Sr "` 111 Trott mild Mr dr.ptilitj ht?rUUnd@r withit, 10 &p,, aft.•r riema114 i, alr uprl 1111fA ri,qu sawnt th mil m tlflg
<br />5. Repair, Maintenance and IJ . To prornfltly rrrpair, reslort, Ilr Tvhu11d aHV hiii1ditig5 aar im�rtwenll'111fl+ 1111W lit
<br />t? ati! f 17n tht^ I'rd)j rty; I't1 kilt p t.hU P►tl rt.1 in a►utl ratirxctitian and resin, without wash•. aluti fro, «. frurta ntra t :gait 's �1r
<br /><lher liens nttt eKVrrN,,jly eulxlr[il nil It'd 111 lhta I11)11 hervilf; ntlt t(l tnakt , %urfer or perm!! ills) 71 n%jilt,e its « ief, t +��r t„ ctttnin
<br />ish ar ttrtlsalr 611' I'MIN'TtN Ity any at UT 1) lis tai 1444..1ta t. , ' —ply , , t.� lri 'vt tit m, itt 41111
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