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<br />$~~ ~~ ~ ~ ~ ~' `~ MORTGAGE ~ a i ~
<br />This lvfartgage is entered into between ~jyrry~, C Rnc,t anA and V i rk i e i.. Rnwl and
<br />Husband and Wife (herein "Mortgagor") and
<br />FIVB PAINTS $ANK ~t~r ~, (herein "Mortgagee").
<br />Mortgagor is 'indebted to Aortgagee in the prinrip~r u of $ ~_ ,evidenced by Mortgagor's note
<br />dated 2 / 7 / 83 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />irdebtedness, if not sooner paid, due and payable on 816 /83
<br />-ToVee6ttir thttp`~mt`of the Note, with interest as provided therein, the payment of aI3 other sums, with interest,
<br />advanced by Mohtga~ee to test the security of this Mortgage, and the performance of the covenants and agreements of
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<br />the Idaf~oiitei~ied herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in tie ~ ~ County, Nebraska:
<br />Lot Seven (7}, Block Three (3), in Second Addition to Holcomb `s Highway
<br />Homes Subdivision in Section 28, Township 11 North, Range 9 West of the
<br />6th P.Pi., Hall County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and 6he rents, issues and profits, inversions 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 Afortgage and all of the foregoing being referred to herein as the
<br />.<~pe1 ty>,
<br />&iortgagor further coneenants and agrees, with Aiortgagee, as follows:
<br />I. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Nate.
<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 [s 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 tke lien created hereby.
<br />~ Other prior liens or encumbrances:
<br />3. Tales, Assessments To pay when due ail 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 />may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />d. Insuranoe. To keep the improvements now or hereafter located on the real estate described herein insured
<br />agaibst damage. by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and with lass gayable to the Mortgagee. In case of loss under such policies [he Mortgagee is authorized to
<br />adjust, coUee: and comptoroise, in its,dtscretion, all claims thereuudet at its sole option, authorizedtoeitherapply the
<br />proceeds to lire restoration of the Property or upon the indebtednes, secured hereby, but payments hereunder shall con-
<br />hiaue until the sums secured hereby are paid is full.
<br />li. C7 Esetow Fat Taxes and Insurance. Notwithstanding anything rnntained in paragraphs 3 and 4 hereof to the
<br />etmttary, Mart agar shall pay to. the Mortgagee at the lima of paying the roonthiy installments of principal and interest,
<br />acre-taelf~ of the.yearty taxes, assessmenss, hazard im7trance premiums, and ground rents (i[ any) which may attain a
<br />ptietii,y 4sver-~la A4attgage, aU sts reasaarably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />hard by the Mortgagee. without interest and applied to the payment of the items in respect to which such amounts were
<br />tlolrcdted. The same ltald ha.leiattgagee hetetmder ate pledged as additional security for Ehe indebtedness secured by this
<br />Mamie,:Mptahay pay W Moee lice amount of any de$ciency between the actual taxes, assessments, insurance
<br />pe'emltrsu seat ~ottnd Banta and the deposits itereundet within 10 days after demand is made upon Mortgagor requesting
<br />piysaaat t>baraot.
<br />6. Ropdt M~tanacee and Use. Ter promptly repair, restore ar rebuild any buildings or improvements now or
<br />h+uaaiper on .tbs. Property; to keep the Property tt gQOd condition and repair, withaui waste, and free tetra mechanic's or
<br />othatttemr aetexpra,~yrvhotdtna;kd t+r the Lien hereofi not to make, suffer or permit any nuisance to exist, nor to dimin-
<br />iab or irdpatr the salyga_ of the Property by any: aet or omisslan to art; and to comply with all requirements of law with
<br />t~ to Ilse ~'•
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