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<br />$~....U~O"~tS~
<br />MORTGAGE
<br />This Mortgagets entered into between Arnol d C Wenn
<br />(herein "Mortgagor") and
<br />1~IV.S .POINTS. BANK (herein "Mortgagee").
<br />Mortgagor is ittdelited ko Mortgagee in the principal sum of $ 3.006.50 ,evidenced by Mortgagor's note
<br />dali=d 2 / 17 /83" (herein "Note") providing"for payments of principal and interest, with the balance of the
<br />indebtedness, if net sooner paid dne and payable on 8(16/83
<br />~, - To secureWc payment of lire Notr ,with interest as provided therein, the payment of all other sums, with interest,
<br />" advanced by Mortgagee to piotect'-the security of this Mortgage, and the performance of the covenants and agreements of
<br />-the Mantpgor•,contained herein, .J)4ortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Hall County, Nebraska:
<br />Lot` One (1), Jameson Subdivision, City of Grand Island, Hall County,
<br />Nelxraska
<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 repiaceraents and additions thereto, is hereby declared
<br />to be a part of the rest state 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 thereon as provided in Ghis 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 a first and prior lien 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 ,Page of the Mortgage Records of County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />17 Other prior Liens or
<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 />rosy"be satficient to enable tine Mortgagee to pay such taxes, assessments or-other charges as they become due,
<br />4, lusvrancs. To keep the improvements now or hereafter located od the real estate described herein insured
<br />against. damage by.fire and such-other hazards as Mortgagee may require, in amounts sad with rnmpanies acceptable to the
<br />Mortgagee,-and xiith lass payable to the Mortgagee. In rase of lass under such policies the Mortgagee is suWorized to
<br />gtlJtaK, aoBect, and'compromise, fn-its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />piraoeads,.to,tthe restoration ~ the Property or upasr the indebtedness secured hereby, but. payments hereunder shah con-
<br />tiatte- untal-the-uupasaecured-hereby are paid in S1rll.
<br />S. _O Sactaw !•ce.Taxes and insvcagce. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contrary, Moct~lor she{! pay; to Use Mortgagee at the time of paying rice montlily enstallments of principal and interest,
<br />one-tweiftkt oR the yearly tares, assasuaent¢, haaard insurance premiums, and ground rents (it any) which may attain a
<br />priority over tilts Mtlt3gaga, aU as reastmitbiy estimated from time to time by the Mortgagee. The amounts so paid stroll be
<br />held by the Mt??tg4P>tee .t~itliout Interest sad applied to the payment of the items in respect to which such amounts were
<br />deposited. The sums,paid,tg Moti~agee herettndet are pledged as additioaai security for the indebtedness secured by this
<br />Mortgage. Mortp,agorshiil pay. to;Moi~agae the amount of any deficiency between the actual texas, assessments, insurance
<br />premiums aAd gtouod rents sad the deposits horeoader within 1Q days nicer demand is made upon Mortgagur requesting
<br />pgytnentthergof,.
<br />6. Repair, idrbrtwnaocQ and Use, To promptly repair, restore. ar rebuild any ,buildings or improvements now ar
<br />lr4r~atter on ebe Pruperry; tv keep .the ~tY Gi gaud coadtt3on and rapait; without waste, and..-free from mechanic's ar
<br />arbor tkru not ezprmsty,aubttcdtnated to ttae tlerthiergof; not t!l make, suffer az permit any nui6anon to exist, noz to d'imin•
<br />tilt w, rnfulr the value-of tic} Ftoptrty by any-sal ar omkstan to act; and to comply with ail requirements of taw with
<br />respect to the Iraparty,
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