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<br />MORTGAGE 005796
<br />This Mortgage is entered into between . G. Douglas CamQlin and Judith A.
<br />F _ (herein "Mortgagor ") and
<br />Five Points Bank (herein "Mortgagee"),
<br />L
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 12 6 , 2 0 6 0 9 , evidenced by Mortgagor's note
<br />dated 1 0 / 1 7 / 8 S (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on 10111/-88
<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 />An undivided one -third (1/3) interest in Office Unit D in the
<br />Grand Island Doctors Building Condominium Property Regime,
<br />Lot 1, Saint Francis Medical Subdivision, City of Grand Island,
<br />Hall Counby, Nebraska, as defined in the Master Deed creating
<br />Grand Island Doctors Building Condominium Property Regime,
<br />Incorporated herein by this reference.
<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 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 convenants and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the interest the -eon as provided in this Mortgage and the Note.
<br />2. Title. Mortgagor is the owner of the Property, h ;ts 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 beset forth herein.
<br />fjt7 The Property is subject to Mortgage wherein Five. Point_$,
<br />Doc.# qA0- 005675
<br />is the Mortgagee, recorded atRllfblP:_..__ ,Yage of the Mortgage Record, of . _ 1ia11 County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby
<br />C Other prior liens or encumbrances: .
<br />3. Taxes, Assessments. 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 />My be sufficient to enable the Mortgagee to pay such taxis, 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 />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 Ices under such policies the Mortgagee is authorized to
<br />adjust, collect and compromise•, in Its discretion, all clahrm thcruuod.•r at et, "A" option, Authuri,, J i.„•ith—Apply eh,•
<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. 0 Ewrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor shall pay to the MortgageK at the time of paying the monthly installments of principal and interest,
<br />one- twelfth of the yearly taxes, assessments, hazard insurance premiums, and ground rents (if 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 wen
<br />deposited. The soma paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Mortgttga. Mortgagorshall pay to Mortgagee the amount of any deficiency between the actual taxes, asscssneents, insurance
<br />premiums 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 11se. To promptly repur, restore or rebuild any buildings or improvements now or
<br />hereafter on the Property; to keep the Properly in good condition and repair, without waste, and free from mechanic's or
<br />either liens not expressly .subordinated ro the lien hereof; lot to make, suffer or permit any nuisance to exist, nor to dlntim
<br />ish ur impair the value of the Properly by hny art nr onelssiou to ael, and to oomph• with all requirements of law with
<br />respect to the Pt'lleerts
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