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19
<br />I
<br />��04918
<br />MORTGAGE
<br />85-_ 004181
<br />This Mortpae is entered into between
<br />Clarence Padrnos and Janes} T laadrnos
<br />(hereitn -M ') and
<br />Five Points Bank (herein "MorW"")-
<br />Mr rtgagor Is indebted to Mortgagee in the prinoptl sum of; t-_-- . {� ^-=- + evidenced by Mortgsgaer note
<br />(herein -NOW,) providing for payments of principal and interest, with the balance of the
<br />if and roomer Pad, due and paysbie 1
<br />Tote the priyermist of the Note, with interest as provided therein, the payment of alt other sums, with itntered,
<br />advataad by Meft/ltgse to pt's ti security of this Mortgge, and tare pedonnanee of the covenants and nags Of
<br />tie M coagtned herein, does hereby mortgage and convey to Mortgagee the
<br />Proper located in Pal r & C ,Lmi n9 County, Nebraska:
<br />Lot Fourteen (14), Capital Heights Fifth Subdivision, Hall County, NE
<br />and
<br />North Half of the Southwest Quarter (NJSWi) of section Ten (10), Township
<br />Twenty Three (23), Range Sir. (6) Cuming County, NE
<br />Together with all buildings. improvements, fixtures, streets, alleys. passageways. easements, rights, privileges and
<br />apparieammiaes located thereon or in anywise pertaining thereto, and the rents- issues and profits, reve is and rem in theme s
<br />Hereof; including, but not limited to, beating and cooling equipment and such personal property that
<br />improvements so ar to constitute a fixture; all of which, including and all of the and additions referred Lie) by decillered
<br />part to be a P of the reed estate secured by the lien of this Mortgage
<br />.<p may++.
<br />Mmigel" further convenants and agrees, with Mortgagee, as follows:
<br />1. layrneut. 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 />waeapts that the lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />is subject to a Mortgage Omaha_ Naticnal Bank, of Grand Island
<br />p The Property let wherein - --- __..__ __ _
<br />is the Mortgagee, recorded at Book - . liege - - --
<br />of the Mortgage Records of Hall County,
<br />Nebeatka, which Mortgage is a lien prior to the lien created hereby.
<br />❑ Other prior liens or encumbrances: __------- -- -.._ - -- - -
<br />7
<br />8. Taus, Anaamaota. To pay when due all taxes. special assessments and all otter charges duct the Property
<br />by Mortgagee, to add to the payments required under Like Note secured hereby. rash amount as
<br />mud, upon written. demand
<br />try be sufficient to eaabie the Mortg•gte to PRY such taxes, sesessmetnts or other charges as they become due.
<br />,L {wsawe. To keep the Improvements now or hereafter located on the real estate described herein insured
<br />to amounts and with companies acceptable to the
<br />against daoage by fire and such other hazards as Mortgagee may require,
<br />to the Mortgagee. in sae lot fore under such policies the Mortgagee is authorized to
<br />lgaa'iMMe, cad watt lee payable
<br />adjust, eohed and compromise, in its discretion. all claims tereunder at its sole option, authorized to either r apply
<br />hereby, but payments
<br />noaatb to the aestoesalou of tba Property or upon the indebtedness secured
<br />p
<br />them garta the rams secured hereby we paid in full.
<br />L d f3aasnr Fat Tacos atnd Faamaaou. Notwithctatdcig anything contained in Par agnphc 3 and 4 hereon to the
<br />to the Mortgagee at the time of paying the monthly installments of principal and interact,
<br />tom, 1lorigagor &W pus
<br />Ors"Wgilft of the yeafiy tames, anessmeuta, bussed insurance premiums, and ground rents (if any) which may lettrin a
<br />time to time by the Mortgagee. 'fine amounts $o Paid "' be
<br />pdoatAl over this Mteyage, cal a raaaozably eatimated from
<br />bdd ty fiee Murtgagre without interest real applied u+ He',.yment of the items in respect to which rash amounts wen
<br />security for the ink secured by tl+is
<br />1%, am= !� to M hereunder tae pledged as additional
<br />Murtga tI" to Mortgagee the amount of any deficiency between the actual taxes. asaeaments, insurance
<br />m
<br />111beligage. ll pety
<br />Prussians cad ground teats and the deposits hereunder within 10 days after demand is made upon Mortgagor requarting
<br />ptaymaot thaeeaf,
<br />y �
<br />0. Repair, Mwtenasioe and Um. To promf'tlY repair ��e or rebuild any buildings or improvements now o
<br />or
<br />keep the Property in good con&Wn and repair. without waste. and free from tnor
<br />jj#(j cam;
<br />1I
<br />v
<br />Yea,a�r on the property ; to t o m
<br />ones lien, not expressly subordinated to the lien hereof: not to make, suffer or permit any nuisance t i exist. nor so dimin•
<br />to comply with all requirements of law with
<br />rah or impair Use value of the Property by any act of omimion to art: and
<br />!expect to the property.
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