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<br />83--00~~ %'
<br />MQRTGAGE
<br />Thin Mortgage is entered Into between F D St L D8'VE[API!4RVT GROUP A Nebraska
<br />~PBS'tnersh'ip,,
<br />(herein "Mortgagor") and
<br />-THE O~tI;ANi3 18ATlONAL BAIL OF GRAND ISLAPID, Grand Island, NE (herein "Mortgagee"):
<br />Mortgagor is indebted to Mortgagee in -the principal sum of $ 321.000.00 ,evidenced by.Mortgagor's note
<br />dated JaII: 26, 1983 (herein "Npte")providing foi• payments of principa[ and interest, with the balance of the
<br />indebtedness; If oat sooner paid; due and payable on._1~Ti_2f1, 1 AR7
<br />To aectxro the payment of the Note,. with interest as provided therein, the payment of ail"other sums; with interest,:
<br />.advanced: by Mortgagee to pmteet the security of this Mortgage, and the performance of the covenants-and agreements of
<br />the Mortgagor cotCtait{gd,:h'erein, Mortgagor does herebu mortgage and convey to Mortgagee the following described
<br />property located in H811`- County, Nebraska:
<br />Lion One (T), ifr Fonner 3grird Subdivision, in the City of Grand Island, -
<br />t?all County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, euements, rights, privileges and.
<br />appurtenances located 4hereon or in anywise pertaining thereto, xnd 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 deetared
<br />to be a part of the real estate secured by the lien of this Ittortgxge and all of the foregoing being referred to herein as the
<br />.,property>,
<br />Mortgagor further convenante and agrees,-with Mortgagee, ac follows:
<br />I. payment 1'o pay the indebtedness and the intent therewt as provided in this Mortgage and the Note.
<br />2. Title. Mortgagor is the owne[ of the Ytopext}~, has the right and authority Yo mortgage the-Property, and
<br />warrants that Ute lien created hereby is a first and prior lien an 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 Raok ____ ~s , Page._..._. of the Rtortgxge Retards of
<br />Nebraska; which Mortgage is a Iien prior to the lien created hemby.
<br />Other prior liens or encumbrances: __.._. __. _ .._ __. _.... ____.. __ ._ - ___ ___
<br />3. Taxes,: ~SSCaaments. To pay when due all tortes, special assessments and ail other charges against the Property
<br />and, upon written demand by 4lortgagee, [o add to the payments required under the Note secured hereby, such amount as
<br />may-tie sufficient to enable the Mortgagee to pay such taxes, assessments ar other charges as they become due.
<br />4. Tttstutatue. To keep the improvements now or hereafter located on the real estate described herein insured
<br />agajtnst damage by Cm and such outer hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />MoRgagee; and- with tosa payable to the Mortgagee. In east of lass under such policies the Ivtortgagee is authorized to
<br />G, "eotteot apd compromise, in its discretion, all claims thereunder at its sale option, authorized to eitherappty the
<br />pmeoet~ to the re&trnation of the Property or upon the indeMedness secured hereby, but payments hereupder shalt coo-
<br />linlte +tn#9t tfte asrasseeured=ltatuby are paid in foil.
<br />5. CI i`isCttoa--For Ta:ea. and tngnranee. Notwithstandits$onything contained in paragraphs 3 and 4 hereo[ to the
<br />Colttrary. Mt>rgo>{-ahaiil,pay 3p Rte-,ldprtgs~e at the tithe of paying the ruonthty installments of principt and.interest,
<br />un~iwelfttt o[ the yeuiy taxea; astceaata~pfs, hazard insurance premiutns, and ground rents {if any j which may: attain a
<br />$riarity over this btost~ga, pU as_rea;rrtra8iy estiatated foam time to time by the Mortgagee. Ttte amounta so paid-shall he
<br />hetrt bg the IJlortptyee: atithout tate3as<t and aPPlted to the payment of the itetns in respect to which such amounts were
<br />drpaaitsd. 1'ite sumo paid hT Atortgtl herapptivr. tut pledged as additional security for khe indebtedness secured by this
<br />htortpg~• Mgrtgagcrrat~aR)aay. to l~torfea ttta atnottnt oCany-deficiency between the actual taxes, asresaments, insurant~e
<br />pntn+utar and ;roatt~}_rana'aad the deposits hereunder wlthip lfl days after demand is made upon Mortgagor requesting
<br />paytrteat therenL .,
<br />b, Ropav, Mairi#artaate aa~! I.'oa, 'fo promptly repair, restore er rebu9ld any buildings avr improvements now oe
<br />berteattaY on the !*roperty; to ka'p the Petsp,rNq Ip gocd Eatdttionttttd repair, wtthosst waste, and free from mee4anie's ar
<br />ptipii Ue~ru not exprtsxiy suGardlnawd to ttte float heegof. not {ar make. strffer or Irermtt arty nuisance La ezlst, nor to dlmin-
<br />Itch c>rr unpalr the vatrre at the Prtiperry try nay net ar-dnyta~Iop to ant; and"W cwmpfr with ati t!vquit+rm~ents of taw with
<br />rk*prt lea tkr fte~e+'t}`_
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