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MORTGAGE ~3-"-' 11 ~ ~ Jr
<br />'this Mortgage is entered Into between Betty J Moss A Single Person
<br />(herein "Mortgagor")-and
<br />FIVE POINTS BANK
<br />- (herein "Mortgagee„).
<br />Mortgagor is indebted tb Mortgagee in the principal sum of $ 41, 300.00 ,evidenced by Mortgagor's note
<br />dated 1 /26 / 83 (herein "Note") providing for payments oP principal and interest, with We balance oP-the
<br />indebtedness; iP not sooner paid, due and payable on_ 12!9183 ,
<br />To secure thepay_men#of.the Note, with° interest as provided therein, the payment of all other sums, with interest;
<br />advanced by Mortgagee #ii=prote`et ath~seeadty of this Mortgage, and the performance oflthe covenants and agreements of
<br />the Mortgagor contained heiietn, Mortgagor does hereby mortgage and.rnnvey to Mortgagee the following described
<br />property located in H~1 County, Nebraska:
<br />Lot Seven (~), Nottingham Estates Subdivision, an Addition to the City
<br />of Grand Island, Hall County, Nebraska
<br />Together with alI bei{dings, improvements, fixtures, streets, alleys, passageways, easements; rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, revesions and remainders
<br />thereof; including; but nok 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 hereinas the
<br />"Property„•
<br />Mortgagor further covvenants 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 />waaants that the lien created hereby is a first and prior Tien on the Property, except as may otherwise be set forth herein.
<br />^ The Property is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Book , Fage of the Mortgage Records of
<br />Nebcsiska; which Mortgage is a lien prior to the lien created hereby.
<br />C7 Other prior liens or encumbrances:
<br />County,
<br />3, Taxes, Asse~trrants, To pay when due all taxes, special assessments and ai[ other charges against the. Property
<br />and,;:upon writ6en.demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />rosy-be sufSnien# to eaabte We Mortgagee to pay such taxes, assessments. or other charges as they become due.
<br />4: Itlsusabce. To .keep the improvements now or hereafter located on the real estate described herein insured.
<br />agatost damage by fire and such other hazards as Mortgagee rosy require, in amounts and with companies acceptable to the
<br />,Mortgagee, and with -oss payable to the. Mortgagee. In case of loss under such policies the Mortgagee is auUrorized to
<br />adjust, collect and camprom(Se; in its discretion, all claims thereunder at its sole option, authorizedto either apply the
<br />proceeds to the restonakiort.oE the•RnpertY or upon the indebtedness secured hereby, but paymenla hereunder anal! con-
<br />- Hnue until the sums secured hereby are paid in fuB:
<br />S. O Ewrow For Teas sad fnsrusaee. Notwithstandinganything contained in paragraphs 3 and 4 hereof to the
<br />rontrary, Mortgagor shall pay to the Mortgagee at the time of gayirig-;the monthly instalimeats of principal-and interest,.
<br />one-twelfth of the yauly fries, asae~ments; Hazard insuraaoe premiums, and ground rents (if any) which may attain a
<br />pnadty aver this Mortgage, aD as r~ottably estipmted from time to time by the Mortgagee. The amounts so paid shall. be
<br />held Lry the Mo+tliagce without igts[est sad applied to the payment:_of the items in respect to which such amounts warn
<br />deposited. The runic paid kr Mortgagee hereunder ate pledged as additional security for the indebtedness secured by Ehis
<br />Mott ape. Mortgagor shall pay to Mortgagee Litt: atrsount of any debcieuey between the actual tetras, assessments,. Insurance
<br />•' premluau and ground rents and the daposlia 3renunder withirt iQ days a[tesdemandismade-upon. Mortgagor requesting
<br />paym~eat therwt.
<br />8. Rapak, Maintenance and Use. To promptty,repair, restore .az. mbuild,aay buildings or lmprovemants now or
<br />heteattet oa the. Property: W keep the. Property In good condttinu, aRd repair, without waste, and. flee from mechanic's or
<br />outer Ilew oot cxprasety rulwrduteted to the lien lrerrot; n~rt to ntaku, softer or permit any nuisance to exist, nor to dimin-
<br />ieh ox ienpalr the slue of Eire Property t?y any act ar omi,wion to-Rat.; sad to comply. wikh all naquiteimeuta of law with
<br />r to tttc Prot.t~rty.
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