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MORTGAGE
<br />"6 Mortgage Is en into between Clark and R L
<br />ra Clark
<br />Hua;band and i+fifa
<br />(herein "Mortgagor") and
<br />Five Points ink
<br />1 (herein "MoftVV ,•),
<br />i1 indebted o Mortgagee in the principal sum of 19.000 _ 0
<br />evidenced by Mortgagor•'. now
<br />.
<br />dated 6 -6-85 (herein "iVote") .
<br />providing for payments of principal and interest, with the balance of the
<br />if not a wmer paid, due and payable one 6-6-88
<br />tuVWM"t of the Nate, with interest as provided therein, the
<br />` .. to the security of this payment of all other sun"' with interest,.
<br />fie � and the performance of the covenants and agreements of
<br />�' M� 'does hereby mortgage and convey to the Elbowing described
<br />property located in Hall County, Nebraska:
<br />Lot One (1), in Hidden Lakes Subdivision Number One being a part of the
<br />Southeast Quarter of the Northeast Quarter (SE }NE}) and a part of the North
<br />Half of the Northeast Quarter of the Southeast Quarter (NJNE }SE#) of Section
<br />Thirteen (13) Township Eleven (11) North Range Nine (9) West of the 6th
<br />P.M., in Hall County, Nebraska
<br />Together with a!1 buildings, improvements. fixtures, streets, alleys, passageways, easements, rights,
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents rues and profits, reversions and remainders
<br />tlreraof: including, but not limited to, heating and cooling equipment and such personal property that is attached to the
<br />improvements .o as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />..ato be a pram of the teal estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />rty,.
<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
<br />and the Note.
<br />2. Title. Mortgagor is the owner of the Property, had 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 />il The Property is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at 80"__D 81- 004273 � ---- ---- --
<br />of
<br />why is a lien prior to the lien created hereby the Mortgage Records of tia13. _ County,
<br />13 Other prior liens or encumbrances:. itable_i31dg,_ & I�e�n,� F3ak _ .149 j Pa 060
<br />Five �„ r,• -� 7 .. 00. 1.1.4,�___�_- ...,..__�_�..._. �..__.___ - - - --
<br />3. Taxes. Assessments, To pay when due all taxes, special Assessments and all other charges Against t ..
<br />Andv upon writien demand by to add to the agsunst the Property
<br />� Payments required under the Note
<br />secured hereby, such amount as
<br />' be t to suable the Mortgagee to pay such taxes. Assessments or other charges as they become due.
<br />4. 11001314nee. To keep the improvements now or hereafter located on the real estate described herein insured
<br />*01rist 4408111110 byre and such other hazards m M May
<br />require, in amounts and with companies acceptable to the
<br />M'VVO' and with loss payable to the Mortgagee- In case of 1069 under such
<br />adi"'s collect And compromise, in its discretion, to
<br />all claims thereunder at its sod�pti xrthauthorizedtd►eithethori�ed
<br />PAOCII NiC► of the troperty or u apply the
<br />U'M* MON 'be MUM secured upon the indebtedness red hereby, but payments hereunder shall con.
<br />hereby we pad in full.
<br />" 0 For Taxes and Infurance. Notwithstanding anything contained in I;Aragraphs 3 and 4 hereof to the
<br />shall pay to the Mortgagee at the time of paying the
<br />monthly installments of rind
<br />wales of y tax . insurance Principal and interest,
<br />win a
<br />Rif . Premiums. and ground rents (if any) which may at�in a
<br />y estimated from time
<br />by tfi to time by the Mortgagee- Ttre amount paid shatl be
<br />w ih and applied to the payment of the items in respect to which such amount were
<br />to M hereunder are
<br />fledged as additional security for the indebtedness secured b this
<br />MY ' M the amount of say Y
<br />deficiency between
<br />the actual taxes, tents, insurance
<br />pound P"01131" And rents to hereunder within 10 days after demand is
<br />payment therear. made upon Vo
<br />pd. rtgagor requesting
<br />I
<br />(
<br />d, Ua°' To PromPdy repair, restore or rebuild any buildings or improvements now or
<br />hereafter Property; to keep the y in good condition and repair, without waste. and free from
<br />mechanic's or
<br />ish Of not exPreiisfy subordinated to the lien hereof; not to Make, suffer or permit: any nuisantv to exist, nor ti) dimin•
<br />i r the value Of the 1roPerty by any
<br />�
<br />set or on►t I to at:t; anti to (nom
<br />to the rty, pdv with all rrquiremrnts c)f law with
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