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MORTGAGE 85-.
<br />This Mortgage is entered entered into between Margaret M Peten and D -
<br />Husband and
<br />1 n
<br />Wife
<br />1: ive Points Bank (herein "M ) and
<br />( herein " »�
<br />Mo r is indebted to Mortgagee in the
<br />principal sum of $ B 3. QQO. Q0 , evidenced Mo
<br />� dated � ms's tame
<br />(herein "Note ") Providing for payments of principal and interest with the
<br />indebtedness, if not sooner paid, , bahuaere of the
<br />pa' , duel and payable on 6 -5 -1988
<br />To Secure tl payment of the Norte, with interest as provided therein the
<br />advanced ' by to protect the security of this Mort ' payment of an other sums,
<br />with intact,
<br />the Mortgagor contained herein, Mortgagor > and the Performance of the covenants and ts of
<br />rtgagor does hereby mortgage and convey to Mortgagee the following described
<br />Property located in __ . _ lia 11 _ County, Nebraska:
<br />One Half interest in the Northeast
<br />Quarter
<br />ll
<br />(30), Township Twelve (12), Range E.evene(11), Hall County, NE
<br />NEirty
<br />West of the 6th P.M.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways,
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and Profits, rights, ts, reversions and remainders
<br />and
<br />thereof; including, but not limited to, heating and cooling equipment and such
<br />improvements so as to constitute a fixture; all of which, including replacements personal d additions t thereto, is hereby declared to the
<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 />„arty„
<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 lien on the Property, except as may otherwise be set forth herein.
<br />O The Property is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at hook , Page.__.______ of the Mortgage Records of __
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby. — �"n�'+
<br />0 Other prior liens or encumbrances:
<br />3. Taxes, Assessments. To pay when due all taxes, s
<br />and, apam written demand b Mortgagee, �c'� assessments and all other charges against the Property
<br />Y rtgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be sufficient to enable he Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />against dilinlage 4. Iaaaarance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />and with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adkiist, coilect and compromise, in Its discretion, all claims thereunder at its sole option, authorized to either apply
<br />Proceeds
<br />to he restoration of the Property or upon the indebtedness secured hereb but hall the
<br />titnue until the sum secured hereby are paid in full. Y, payments hereunder shat! con-
<br />k• 0 EMrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />hUy, Mortgagor shall pay to the ;Mortgagee at the time of
<br />twelfth of the yearly Paying the monthly installments of rind
<br />assessments, hazard insurance premiums, and ground rents (if any) which may attain a�
<br />Pr"ty over this Mortgage, all as reasonably estimated from time to time by the Mortgagee. 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 were
<br />10A The sums paid to R�Iftgagee hereunder are
<br />Pledged as additional security for the indebtedness secured by this
<br />Mortgage' Mortgagor I pay to Mortgagee the amount of any deficiency between the actual taxes, a meats, insurance
<br />P11*11111unis and ground rents and the deposits hereunder within 10 days after demand is made° upon Mortgagor requesting
<br />Payment thereof.
<br />6. , Maiartenance and Use. To promptly repair, restore or rebuild any buildings or improvernentc now or
<br />hereafter on the Property; for keep the! Property in good condition and repair, without waste, and free from mechanic's or
<br />ish other liens not expressly subordinated to he lien hereof; not to make puffer or or impair o value of the Property by any act. or omi ion to act; and toeonrply with ail nor
<br />-- pact � the p"rerpr«tty,
<br />t
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