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F
<br />MORTGAGE
<br />85-- 005024
<br />This Mortgageisenteredintobetween Gary L. Trump and Janie C. Trump
<br />Husband and Wife _. _ (herein "Mortgagor ") and
<br />Five Faints Rank__-_ _. _(herein "Mortgagee ").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 22, 500.00 evidenced by Mortgagor's note
<br />dated October 9, 1985 (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on October 15, 1995
<br />To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgages to protpa, 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 Twenty -Seven (27) in Westroads Estates Fourth (4th) Subdivision, Grand Island,
<br />Hall County, 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 convenanLs and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the intere: , 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 />U 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 herchy.
<br />❑ Other prior liens or encumbrances:
<br />3. Taxes, Assessments. To pay when due ail 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 />apdnst damage by fire and such other hazards as Mortgagee may require. in amounts and with companies acceptable to the
<br />Mortgagee, and with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee N 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 />tinue until the sums secured hereby are paid in full.
<br />5. D Escrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and A hereof to the
<br />contrary, Mortgagor shall pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />ont- tweifth of the yearly taxes, assessments, hazard Insurance premiums, and ground rents of any) which may attain a
<br />priority 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 sums paid to Mortgagee hereunder lire pledged as additional security for the indebtedness secured by this
<br />Mortew' Mortgagor shall pay to Mortgagee the amount of any deficiency between the actual taxes, assmsmt-nts, insurance
<br />premiumis and ground rent+ and lilt- deposits hereunder within Ill days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />0, Repair, Maintenance and Um. To promptly repair, n•store or rebuild any building•: or improvements now or
<br />hereafter on the Property; to keep the Property in good condition and rr-pair, without waste, and free from mechanic's or
<br />other liens not exprrWy Kutordmated to the lien hereof: not to make, suffer or {molt any nuisance to exist, nor to dimin
<br />ish or Impair the value or the Properly by any act or omission to set, and let I ompty with nil req till utenIs of law with
<br />r,^ti {xct. 1" Ow Propertv .
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