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MORTGAGE 85-002570
<br />This Mortgage is entered into between ^annv K�q. A s; rig j P Pr-rain
<br />(herein "Mortgagor ") and
<br />Five Points Bank -(herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 2a aQQ oa_ , evidenced by Mortgagor's note
<br />dated X123(85 (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />if not sooner paid, due and payable on 5/23/ B6 -.
<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 Mortgallor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in ' - -- County, Nebraska:
<br />Lot Eleven till), in i;lock Three (3), Normandy Estates, an Addition to 'I-he
<br />City of Grand island, :call 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 />impituvements so as to constitute a fixture: all of which, including replacements and additions thereto, is hereby dectered
<br />to be a part of the trod estate secured by the lien of this Mortgage and all of the foregoing bring referred to herein as the
<br />Mortgagor further covvnnants and agrees. with Mortgagee. as fonow�:
<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 authonty 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 />13 The Property is subject to a Mortgage wherein _ _ Cd ✓r eat : to sls A i_._ _ f'; YS k52 i n9,��A n#
<br />istbeMortgagre.recordedat Hook ..._..__.... ... P _ of the Mortgage Records of $1 _.____County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />0 other prior liens or encumbrances:.. -
<br />g. Taxes, Aeopsummls, To pay when due all taxes. special . ment.s and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note recured hereby, such amount as
<br />may be SuMcient toe the Mortgagee to pay such taxes, geoessments or other charges se they become due.
<br />;, Insurance. To keep the improvements now or hereafter located on the real ".,late described herein insured
<br />' apWA damage by Are and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />and wlti loo payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjust, CoWet and compromise, in its discretion, all claims thereunder at its sole option, authorimil to either apply the
<br />go the restorollort of the Property or upon the it.delatedness secured hereby, but payments hereunder shall cam-
<br />hereby are paid in full.
<br />S. D Socrow For Taxes mad Impotence. Notwithstanding anything contained in paragraphs.') and d hereof to the
<br />OURM", Mortgagor "I pay to the Mortgagee at the time of paying the monthly instailments of principal and interest,
<br />one4welft of the yearly taxes, assessments, harard insurance premiums, and ground rents It( Roy which may attain a
<br />Mortgage, monatilly estimated from time to time by the Mofigagar". The amounts so paid shall be
<br />priority over th## all as
<br />bdd by the Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />by
<br />11te rums pond to Mortgagee hereunder are pledged as additional security for the indebtrdam secured this
<br />i
<br />I pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />hereunder within U) days after demand is made upon Mortgagor requesting
<br />and ground rants and the deposits
<br />Payment tbffva,
<br />g, Repsit. and Use. TO promptly repair, restore or rebuild any buildings or improvements now or
<br />hemofter on the Property; in keep the Property in good condition and repair, without waste, and free front mechante's or
<br />r not rxpo y suiao rfinated to the lien hereof; not to make, suffer or permit an)- nuiaaner tta vxist, 11111- rtf dnmin
<br />Or # the volue of the hoperty by any act or ami,sion to act: anel to comp) aAilh all niguiremeotA of law with
<br />t to too Property
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