|
� 1
<br />h
<br />MORTGAGE 85--- o 02 870
<br />This Mortgage is entered into between Douglas R. Petersen and. Tami K. Petersen
<br />Husband and Wife
<br />Five Points Bank (herein "Mortgagoet) and
<br />rein ..M „
<br />Mortgagor is indebted to Mortgrgee in the principal sum of $ 1 A7 _ DD t](Z evidenced b M
<br />dieted y ortiptgor's note
<br />(herein "Note ") providing for payments of principal: and interest, with the bake of tke
<br />indebtedness, if not sooner paid, due and payable on 6 -5 -RA
<br />To secure the payment of the Note, with interest as provided therein, the
<br />advanced by Mortgagee to protect the security of this Mortgage, ayment of all other sums, with interest,
<br />the Mortgagor contained herein, Mortgagor and the performance of the covenants and agmmnts of
<br />rtgagor does hereby mortgage and convey to Mortgagee the following described
<br />Property located in Hat 1 _ How County, Nebraska:
<br />The Northeast Quarter (NE}) of Section Fourteen (14), in Township
<br />Thirteen ("13), worth, Range Teri (10)0 iciest of Life 611i P.M., ill
<br />Howard County, Nebraska
<br />and
<br />One Half interest in the Northeast Quarter (NE}) of Section Thirty
<br />(30) in Township Twelve (12) North, Range Eleven (11), West of the
<br />6th P.M., Hall County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements rights,
<br />Privileges
<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 lien 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 Tien prior to the lien created hereby. County,
<br />0 Mer prior liens or
<br />' TeX, ts. 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 />be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />against damage 4- Infuraw. 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 />, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />tO the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tinue until the stems secured hereby are paid in full.
<br />5. 1:1 Escrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />COUtWY, Mortgagor shall pay to the Mortgagee at the time of paying the monthly Installments of rinci and interest
<br />Oft-twelfth of the yearly taxes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a.
<br />Pdmky over this Mortgage, All as reasonably estimated from time to time by the Mortgagee. The amounts so
<br />held by the without interest and applied to the Payment of the items in respect Paid shad be
<br />deposited, The sorter �� P pact to which much amounts were
<br />paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Mortgage' Premiums Mortgagor shall Pay to Mortgagee the mount of any deficiency between the actual taxes. menu, insurance
<br />and ground rents and the de its hereunder within 10 days after demand is made upon Mortgagor requesting
<br />Payment thereof.
<br />g. Repair, Maintenance and Ilse. To promptly repair, m3tore or rebuild any buildings or improvements now or
<br />hereafter On the property. to keep the Property in pod condition and re ,
<br />erl#e not expressly subordinated to the lien hereof; not to make, suffeerorwi permit waste, and free from mNr hardc "s or
<br />Of "nPair the value of the Property by al ►v act or omission to 80; and to ccomplV ►with nuisance to e
<br />all nqu irrxrst. (if to dimin-
<br />rimPtet to Pr- .rty.
<br />
|