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<br />MORTGAGE 85--ta" 004095
<br />This Mortgage is entered into between __ Mary Jean Stumpff and Steven 0. Stumpff —�
<br />(herein "Mortgagor ") and
<br />-- t rok eu,I30rzSt3te..._Baak,_$rokc-n Rnw;_ __`-- - - -- -- - - -- _(herein "Mortgagee ").
<br />Mort r is indebted to Mortgagee in the principal sum of , 214, 074.30 evidenced b Mort ores note
<br />g� taBe P P � - -- Y gag
<br />dated (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />Indebtedness, if not sooner paid, due and payable on,____- 8`23 -86
<br />Tosecure 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 Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in —_ Hal 1 - .... County, Nebraska:
<br />The Southwest Quarter (SW4) of Section Thirty -three (33) in Township Eleven(11)
<br />North, Range Eleven (11), West of the 6th P.M., Hall. County, Nebraska.
<br />Together with all buildings, improvemcnLs, fixtures, streeLs, allevs, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents issue, 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 />I. Payment. To pay the indebtedness and the intere,t thereon its pro%sited tri this Mortgage and the Note.
<br />2. Title. Mortgagor is the owner of the Property', ha, the nghl and authurin to mortgage the Property, and
<br />warrants that the lien created herebv is a first and prior hen on the N.,aeri%, except as may otherwise be set forth herein.
<br />[.J The Property is subject to a Mortgage wherein None
<br />is the Mortgagee, recorded at Bark _ ..._ ._. . Page "t the %,rtgag, liccords of _-County,
<br />Nebraska, which Mortgage is a lien prior to the ben crealed hembx
<br />C Other prior liens or encumbrances: _ None
<br />3. Taxes, Aswswrtents. To pay when due all taxes, special assessment, and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secured herehy, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Inswance. To keep the improvements now or hereafter located tun the real estate descrihed herein insured
<br />against d~ by fire and such other hazards as Mortgagee may require, in amounts and with companies aeceptabie to the
<br />Mortgape, and with toss payable to the Mortgagee. In case of loss under such polieies the Mortgagpe is authorized to
<br />adjust, collect and compromise, in its discretion, ail claims thereunder at its sole option, authorized toedherapplq'the
<br />proceeds to the restoration of the Property or upon the indebtedness ssxured hereby, but payments hereunder shall con-
<br />tinue until the surrw secured hereby are paid in full.
<br />S. t:3 Eaerow For 'Faxes and Insurance. Notwithstanding anything contained to paragraphs :1 and I hereof to the
<br />contrary, Mortgagor shall pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one•tweifth of the yearly taxes, assessments, hazard insurance premiums, and ground rents lif any) which may attain a
<br />priority over this Mortgage, all m reasonably estimated from time to time by the Mortgagee. `tile amounts so paid shah lbe
<br />Maid by the Mortgagee without interest and applied to the payment of the items In respect to which such smounta were
<br />deposited. The sums paid to !Mortgagee hereunder are pledged as additional wcurtty for the indebt dnem eecured by this
<br />Mortgage. Mortgagor shall pay to Mortgagee the amount or any deficiency between the actual taxes, as essnnmts, insurance
<br />premiums and ground rents and the deposits hereunder within 10 days after demand is made upon %forlitagor requesting
<br />payment thereof.
<br />6. ft"ir, Maintenance and Uwe, 1'o promptly repair, restore or rebuild at] y huilding, or tntprosctnent, now ut
<br />hervafter on the Property: to keep the Pmperry in good condition and repair, without ua4ta and fret, from rnechanit . w
<br />otherliena not expresrdy sut,urdirtated to the Item hrrrof; nol to make. +uffer nt pt,tnut an% nui,;ancc to exist, nor to ainuo
<br />lilt (i4' intpalr 4114' value of the Property by any net or omi"wn to act; and to „rmlAC with ;,i1 tr;iu!n'mrnt Of law well:
<br />eenpei t tr. the I"rot ew,
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