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<br />' MORTGAGE +~ 3-•'•• (} l.~ ~} `~ ~
<br />Thy Mortgage iseatered jnto tietween Richard L. Geist and Rudolf F. Plate
<br />(herein "Mortgagor") and
<br />FIVE POINTS- BP,NK (herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the prncipat sum of $ 34 , 000.00 ,evidenced by Mortgagor's note
<br />~,~ 1 J5 %83 (herein "Note") providing for payments of principal and interest; with the balance of the
<br />ihdebtedoess, if not sooner paid, due and payable on: July 4 , 19$3 .
<br />Tosecure the payment of the Note, with interest as.provided therein, the payment of all other sums, with.intereat,
<br />advanced by Mortgagee to protect-the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained heroin, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Hall _ County, Nebraska:
<br />Lot Two (2), Block Seventeen (17) of College Addition to West Lawn in
<br />Grand Island, Hali County, Nebraska
<br />Together with ail buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon ar in anywise pertaining thereto, and the rents.. issues and profits, reversions and remainders
<br />thereof; including, but hot limiWd ta, heating and cooling equipment and such personal property that is attached to the
<br />improvements so at to constitute a fixture; ail 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 heroin as the
<br />•`~Perty"•
<br />Mortgagor fhrther covvnnants and agrees, with Mortgagee, as follows:
<br />1. 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 ilea created hereby is a fiat and prior lien on the Property, except as may otherwise be set Forth herein
<br />D 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 <s a Uen prior to the lien created hereby.
<br />^ Other prior liens or
<br />3. Taxes, Arta. To pay when due ail taxes, special assessments and alt older charges against the Property
<br />and,. upon wriEten demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount u
<br />may he atttfidient to enable the Mortgtgee to pqy such taxes, assessments or other charges as they become due.
<br />~ Iruurtuke. To keep the improveme~s Hour or hereafter Iooeted on the real estate described herein insured
<br />stprimt damage by [ire and such other haaards as Mortgagee may require, is amounts and with companies acceptable to the
<br />- Molttgpg6_e, and with loss payable to the Mortgagee. Tn case of loss under such policies the Mortgagee ~ authorised Eo
<br />tmd~st,:edlaet aBd compromue. in i~ dRcretion, all claim.thereunder at its sole option, authoriaedtoeitherapplythe
<br />paomatla to #6e tssGtntiou of the.Psaperty tx upon the indebtedness secared hereby, but payments hereuadershalt con-
<br />tin~e: atstij ih4 sump scoured hereby era paid in full.
<br />5. ^ E,aerorv For Tax®a sad imwrartce. Notwithstandinganything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Mortgagor cita{l pay.ta ~ Mortga;p~ at the time of payi~ the monthly installments of principal and interest,
<br />otteriwe![th of rim, yaat~ taaiea, aurwesaotaats, hazard insurance poem"tams, and ground rents (if atiY) which may attala a .
<br />priority seer this ~= adz 'ffi ~y estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />held b7 thR ~rithoat interest aad applied to the payment of the items in respect to which such amounts were
<br />ted~ The sums paid to 1Nartgatpss tmnsunder arc pledged as additlonai security tar the indebtedness secured by this
<br />~~ ~+ shaUp4Y ~ Ma<t~ae the augaupt of any deficiency between the aMaal taxes, assessments, lnsunnce
<br />pretniuma and Pm+~ ~rnts sad the delaastCt herermdar within 10 days after demand is made upwt Martgagor requ~Gng
<br />,payment thertof.
<br />R Repair, Maiooamowar sraC tom; . To proatptty repair, reptore or nrbulld say buildings o: improvements now or
<br />I»asafMr on the Hup.rfy ~ to Beep the ~A~ty` to good coadlttoo imd tapslr, wiWoui waete, and tree tkam mechaAids ar
<br />otiret tMor sot expsesatpsat>os~ted to the Ues hiu^~}t; Hat iv make, sutler. ~ perndt troy 6uixance to exist, nor W dimhn
<br />"w'r or irapwr iia~ saiwr sY tiro FroW-ty a}" aa~r.act ~rf+ptott to_MUk: rid ro c,ompty-wttlt ail mitts of law with
<br />-_ --. tJtttrr kY~erty,- -.. - - -
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