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<br />MORTGAGE 85--- 004374
<br />This Mortgage is entered Into between Donald R. Collmer and G. Shari Collmer,
<br />Nr.aha+td:ana Vife (herein "Mortgagor") and
<br />—Five Points Bank (herein "Mortgagee ").
<br />Mortgagor is indebted to Mortgagee in the principal sum of; 20.000, 00 , evidenced by Mortgagor's note
<br />dated Sapranhar 4, 19RS (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />iWbbtednw, if not toonerpaid, due and payable on September 7. 1995
<br />Tosecure she payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced b Mor4pgae 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 Hall County; Nebraska:
<br />Lot Ten (10), Block One (1) Lake Davis Acres Subdivision, Hall County,
<br />Nebraska.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, casements, 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 />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 convenanis 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 />12 The Property is subject to a Mortgage wherein Equi_ta_ble__Buildit and Loark
<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: _ NL ._____
<br />8. Taxes, Aattststnents. 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 />MAY be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />tiphut damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and with low payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjust collect and compromise, In its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con -
<br />these until the sums secured hereby are paid in full.
<br />6. 0 Beerow For Taxes and lnsarinee. Notwithstanding anything contained in porrapephs S and 4 hereof to the
<br />oontray, Mortgagor shall pry to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one•twdittt Of the Ywuly taxes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />pricey 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 />deposited. The tuna paid to Mortgagee hereunder are pledged as additional security for the Indebtedness secured by this
<br />Mortgage. Mortgagorshell pay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insursare
<br />p eralu as and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof,
<br />6. Repair, Maintenance and Use. To promptly repair, restore or rebuild any buildings or improvements now or
<br />hereafter on the Property; to keep the Property In good condition and repair, without waste, and free from mechanic's or
<br />other Hens not expressly subordinated to the lien hereof, not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />Wh or impair the value of the Property by any act or omission to act; and to comply with all requirements of law with
<br />respect to the Property.
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