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MORTGAGE 85 003851
<br />This Mortgage is entered into between Taffery i Hayman & Donna Hayman
<br />ag huahand and wife _ (herein "Mortgagor") and
<br />Five Points Bank (herein "Mortgagee ").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 30, 000.00 , evidenced by Mortgapies note
<br />dated August 6, 1985 (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />if not sooner paid, due and payable on August 6. 2000
<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 grommet the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgapor contained heri4n, does hereby mortgage and convey to Mortgagee he following described
<br />Lproperty located in Hall— County, Nebraska:
<br />Lot Thirteen (13), Capital Heights 6th subdivision, Hall County,
<br />Nebraska
<br />Address: 2821 Dallas, Grand Island, NE 68801
<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 />is so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a pact of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />Mortgagor further convenants and agr ^es, 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 beset forth herein.
<br />O The Property is subject to a Mortgage wherein - __..___.
<br />is the Mortgagee, recorded at Book _ —_ Page _ --------- of the Mortgage Records of __.---- .- _-_ --_ —� County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby
<br />© Other prior liens or encumbrances:
<br />$, Tares, Assessments. To pay when due all taxes, special assessments and all other charges against the Property
<br />aid, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes, ments or other charges as they become due.
<br />C Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />oplast derange by fire and such other hazards as Mortgagee may require, in amounts and with companies acctj)tabie to the
<br />and with loss payable to the Mortgagee. In case of Ices under such policies the Mortgagee is authorized to
<br />and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />pearneda to the resicraticia of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />done untill the aurae secured bereby are paid in full.
<br />L 0 For Tom and Insurance. Notwithstanding anything contained in paragraphs 3 and 1 hereof to the
<br />contrary, Mortpgw sW pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />of the yearly tames, assessments. Murd insurance premiums, and ground rents (if any) which may attain ■
<br />priority over this Mortgage, aA as ressovuibly estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />hold by the Uortpigee without Interest and applied to the payment of the items in respect to which such amounts were
<br />Tore earn paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Maq4W. l pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />hereunder 30 days demand is made upon Mortgagor requesting
<br />round premiums and renal and the deposits within after
<br />thereof. payment
<br />d. Repair, Nodatrusace and Use. To promptly repair, restore or rebuild any buildings or improvements now or
<br />hereafter on the Property ; to kelp the Property in good condition and repair, without waste, and free from mechanic's or
<br />otherliens not expressly subordinated to the lien hereof; not to make. suffer or permit any nuisance to exist, nor to dimin-
<br />ish or impair the value of the Property by any act or omission to act; and to comply with all requirements of law with
<br />ct to the Prcrty.
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