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MORTGAGE 83~--U~i08 Y 9
<br />This.Mortgageisenteredintobetween Gary R Strehle and Yvonne D. Strehle,
<br />:: II'dslaaiid and Wife (herein "Mortgagor") and
<br />FIVE' P(7INTS -BANK (herein "Mortgagee"j.
<br />Mortgagor 'ss indebted to Mortgagee in the principal sum of $ 15 , Ol)6.25 ,evidenced by Mortgagor's note
<br />~~' 2 / 16 /83 (herein "Note") providing for payments of princigal and interest, with the balance of the
<br />indebtedness, iY not sooner paid, due and payable on 2 / 16~ 88
<br />Toaecurethe:payment othhe Nota, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to protect-the security of this Mortgage, and the performance of the covenants and agreements of
<br />the" Mortgagor' contained" herein," Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Ha11 County, Nebraska:
<br />Let Seven (7), Block Six (6), Morris Fourth Addition, Grand Island,
<br />Hall County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located therean or in anywise pertaining thereto, and the rents, issues and profits; reversions and remainders.
<br />thereof; incuding, but not limited to, healing and cooling equipment and such personal property that is attached W the
<br />improvements so as to constitute a fixture; sll of which, including replacements and additions thereto, is hereby declared
<br />to be a poet of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein ~ the
<br />,<proPertY".
<br />Mortgagor further convenanis 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. 'I1tle. 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 />x~ The Property is subject to a Mortgage wherein Home Federal
<br />is the Mortgagee, recorded at Book ,Page of the Mortgage Records of Hall ..County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />^ Other prior liens or encumbrances:
<br />3. Taxes, Assesernents. To pay when due alI taxes, special assessments and all other duuges 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 />4, Insuraace. To keep the improvements now or hereafter located oa the rea- estate described herein insured
<br />against damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, and with toss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjust, eirUect and compromise, in its discretion, alt daim5 thereunder at its sole option, authorized to eitherappiy the
<br />pmaeeds to the restore#on of the Property or upon. the indebtedness secured hereby, but payments hereunder shall con-
<br />f9nue. untB the sums secured hereby are paid in ftuL
<br />5. O !'saxow For,Taus and insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />contruy; btilrtgagor shall pay to the Mortgagee at the -time of paying the monthly installments of principal and interest,
<br />one-twejith of the -yearly ,fazes, assessments, hazard insurance Premiums, and ground rents (if any) which may attain a
<br />priorliy over this, Mortgage,. a!i as reasonably estimated from time to Nme by the Mortgagee. The amounts so paid shall be
<br />held; by-.the ?tiortysgee,without Interest earl applied to the payment of the items In respect to which such amounts were
<br />deposited, The srrriss paid. to-Mortgagee hereunder are pledged as additional security for the Indebtedness secured by this
<br />Mortgage. Mort~arshali pay W Mortgagee. the amount of any doCldency between the actual farces, assessments, insurance
<br />premiums and gtbund rents-avid the deposits hereunder within iQ days after demand is made upon Mortgago[ requesting
<br />payment thereof;
<br />& Rsy~It, Idaiip#enanp and Use.. To promptly repair, restore or rebuild any buitdings of improvements now or
<br />herafter on,ths !4!ropatty; to keep.tM Property to good coaditiort and repair, without wash, and free from mechanic's or
<br />pthsr lkns ~ azp-~dy snbordtua#aed in the tle4 hereof; not to make, suffer or pe~mitaaY nuisance to exist, nor to dlmin~
<br />iah or hnpakr va{ae- of the Property by any, act or pmisaion to act; and to comply with ail requirements at law with
<br />rs#pecj W Uts i'gtlpext;r.
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