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IN
<br />005575
<br />MORTGAGE
<br />This Mortgage is entered into between Donald Pirnie and Helen M_ Pirnip,
<br />Husband and Wife
<br />Five Points Bank
<br />(herein "Mortgagor ") and
<br />"Mortgagee„).
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 84, 000.00 , evidenced by Mortgagor's note
<br />dated 11 Z5/85 (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on— 111112000
<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 __ Hall County, Nebraska:
<br />The East Twenty -Six (26) Feet of Lot Eight (8), all of Lots Nine (9)
<br />and Teti (10), except the South Ninety Two (92) Feet of the West Three
<br />(3) feet of the East Twenty six (26) feet of Lot Eight (8), Block Forty
<br />Four (44), Plarles Wasmer's Second Addition to the City of Grand Island,
<br />Hall County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, 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 w 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 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 it first and prior lien "n the Propert%, except as may otherwise be set forth herein.
<br />D The Property is subject to 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 herehy
<br />D Other prior liens or encumbrance,:
<br />3. Tastes, Ataessrttents. To pay when due all taxes, special assessments and all other charges against the Property
<br />Md. upon written demand by Mortgagor, 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 />♦. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />song damage by fire and such other haaards as Mortgagee may require, in amounts and with compantesacceptable to the
<br />Mortp r., 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 thenntnder at its sole option, authorized to ritherapply 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. C' Escrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor shall pay to the Mortgagee at the time or paying the monthly installments of principal and interest,
<br />ornw twelfth of the yearly taxes, assvaaments, hazard insurance premiums, and ground rents of any) which may attain a
<br />priority over this Mortgage, all rat reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />held by the Mortgagor 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 are pledged as additional security for the indebtedness secured by this
<br />MudOP. Mortgagor * tall trey to Mortgagee the amount of any deflcirncy bo twern the actual taxes, asw-smenta, insurance
<br />premiums and ground rents and the deptnits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />Payment therrerf.
<br />B, Repair. Maintenance and list, To promptly repair, restore or to-build any ti-Aldings m hnpr %:emelots now tie
<br />hereafter nit the Ptoprrty; to keep the Property In gctoJ condition and repair, without waste, and free from mwvhanic's or
<br />other Ilan« not exporvssly suhotrdittaled to the lien hereof; not to make, suffer or permit any nuisance to rxlst, nor net dntnin
<br />kit or impair t} +r value of the Property by any act or ontik ion to ace, and to vompls 'nith all reyuirrmrnts of into with
<br />ra«prri to the f'rc,pr-rt:v
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