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<br />MORTGAGE 83--~G O $ J~
<br />ul qq
<br />TtiisMortgageisenteredintobetiveen Lowell -ohse, A Single Person
<br />(herein "Mortgagor") and
<br />FIVE POINTS BANK (herein "Mortgagee").
<br />Mortgagor. is indebted to Mortgagee in the principal sum of $ 6 , 43 6.90 ,evidenced by Mortgagor's note
<br />dated Feb:. 21, 1983 .(herein "Note")providing for payments of principal and interest, with the balance of the
<br />.indebtedness, if not sooner paid, due and payable on Feb . 21, 19$8
<br />To secure the payment of She Note, 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 agreemehts of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described---
<br />property located in HaI1 County, Nebraska:
<br />Lot One-hundred fourty four (144) in Buena Vista Subdivision, an
<br />addition to the city of Grand Island, Hall County, Nebraska
<br />Together with all buildings, improvements, factures, 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; induding, but not limited to, heating and cooling equipment and such personal property that is attached to We
<br />improvements so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby dedared
<br />to be a part of the real estate secured by the lien of this Mortgage and alt of the foregoing being referred to herein as the
<br />..~Qerty„
<br />Mortgagor further coneenants 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. 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 o[ County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />^ C><her prior Bens or encumhrrances:
<br />3. Tarter, Assessments. To pay when due al- taxes, special assessments and all other charges against the Property
<br />and, upon wriaen demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may 6esut6oeent to arable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4, Durance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by fire and such other hazards as Mortgagee may require, in amounts and with rnmpanies acceptable to the
<br />Mortgagee, and with lass payable to the Mortgagee. In case of loss under such potides the Mortgagee is auWoriaed to
<br />adjust, collect .and compromise, in its discretion, all claims thereunder at its sole option, authorized to eiUrer apply the
<br />proceeds W the restoration of the Property or upar the indebtedness secured hereby, but payments hereun3er shalt con-
<br />- time until the auras secured hereby are paid in full.
<br />5. D >9aaow Fot Tarees and fnsuraaoe. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />mnttary, Motcgagw shalt pay ko the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one-t~altth of the yea#y .fazes, assessments, haaard irsurance premiums, and ground rents of any) which may attain a
<br />prtot-ty- two' tAis Mortpge, aU as maawnab(y estimated from pme to time by the Mortgagee. The amounts so paid shall he
<br />h•Id,by tba,~ vrlthout interest and applied to the payment of the items in respect to which such amounts were
<br />da~iitad. ,Tim Arms i~ ~ Tdart~gae here+rader rare pledged. as additional security for.the indebtedness secured by this
<br />ASvurtgagorshztttpiy to dt[artg~gaa the araouat of wy detidency between the actual taxes, assessments, insurance
<br />Slums and ground matt rtpd dm deposits hereunder within 10 days titer demand is made upon Mortgagor requesting
<br />ptyraet~#h-teaf,
<br />Rapait IAainessirspela- tiaa. To promptly repair, restore or rebuild any buildings or [mprovemeats now or
<br />tretq~ftar on the troperty: to kerlp the Propsrt,t in goad couditioa tad repair, without waste, and fbee from mechanic's or
<br />oiutrlkna not tiEpaaMAiy subordtgated trt the !!en harlot; not #o rruke, softer or permit any nuisance to axial, nor to dimia-
<br />i~h of impair tlSa rrtt+a of ttre rtY by am act or oml~fop to set; and to comply with all requirerrurnts of law with
<br />rsYp~ect ttr tAa ~,
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