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5-- 0054630
<br />MORTGAGE
<br />This Mortgage is entered into between __ : C�_e_t __'• f r'i - __�; ; -;,
<br />(herein "Mortgagor") and
<br />F 11R ST iN4T; 'dAL EAN, rli !; TRLS T E21 F
<br />— - - - -- — - - -- - --- ------ -therein ,.Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 9t G : -iQ; , evidenced by Mortgagor's note
<br />dated —32t r.r "'r ` ..,L _ therein "Note "1 providing for payments of principal and interest_ with the balance of the
<br />indebtedness, if not sooner paid, due and payable on_,'
<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 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
<br />County, Nebraska:
<br />Together with all building,, !mprmem, -nip•. fixture,, stn•,•ts. ally rs. paaagrways- ea,rment;, rghi;, privileges and
<br />appurtenances located thereon or in anywise peraimng thereto. and the rents i,suv> and profit;, reversions and remainders
<br />thereof; including, but not limited u,, heating and cooling equipment and such persona: property that is attached to the
<br />improvements so as to constitute a fixture: all of which, including replaremenis and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the hen of ihis Mortgage and all of the foregoing being referred to herein as the
<br />"Property'.
<br />Mortgagor further comenants and agree,, with Mori gagei , a, inliov.,
<br />1. Payment. To pay the iit debiedness and the intere,'. !hereon a, pre,, ;did :i% this Mortgage and the Note_
<br />2. Title. Mortgagor is the owner of the Property, t:a> th, ngr.t anti duthc;ru\ to mortgage the property. and
<br />warrants that the lien created hereby ;s a first and prior lien .,n itiu Propert_.. exc, pi as mar otherwise be �a-t forth herein.
<br />The Propert-. is subie•ct to a Mortgage wherein
<br />is the Mortgagee, recorded at Bork _ , Page cl rh, Mori „age Records of __ County,
<br />Nebraska, which Mortgage is a hen prior to the hen created h. rcbt
<br />Other pnor liens or encumbrances: _
<br />3. Taxes. Aiamments. To pay when due all taxi,, special a„essment5 and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the pavrnent, 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 improvement, row or hereafter iovated on the roai estate described herein insured
<br />against 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 is authorized to
<br />adjust, collect and compromise, in its discretion. all claims thereunder at its sole option, authorized toeitherapplythe
<br />Proceeds to the restoration of the Property or upon the indebtedness u•cured hereby, but payments hereunder shall con-
<br />tinue until the sums secured hereby are paid in full.
<br />S. a Escrow for Taxes and Insurance. Notwithstanding anything r --stained in paragraphs 3 and 3 hereof to the
<br />contrary, Mortgagor :hall pay to t:hr Morkgager at the time „f payatg the me rashly in,tallmer.ts of principal and interest,
<br />oree•twelfth of the yearly soda, 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 pad to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Mortgage. Mdmgagorshal pay to Mortgagee the amount of any deficiency between the avtual taxes, assessments, insurance
<br />premiums and ground rents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payrrwnt thereof.
<br />6. Repair, Maintenance and Use. 'fo promptly' repair re;te,re or rebuild an} buiiduigs or improvements now or
<br />hereafter on the Property; to keep the Property in good rendi,lon and +,•pair. xIthout wa , ai:d tree from mechanic's or
<br />,s±her lien§ not e•xpremsly suto,rdmaied u, the lien hereof not to inake. +uf!er ,.r pleas ?i ant n116ance to exist, nor to dirrin-
<br />sh or impair the ealue of the Property by an} aci or omission to act. doe; t- : ors, it with ai! n.yutrement.s of law with
<br />rnapee9 to slue Pr „pert;.
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