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<br />83_ t~~089t}
<br />MORTGAGE
<br />Inc.
<br />This Mortgage is entered into between Plant T G 1 ancL cst~dpytx
<br />1
<br />(herein "Mortgagor") and
<br />FZVE POINTS BANK (herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $1,g.rgg0,.gg__ ,evidenced by Mortgagor's note
<br />dated 2/23/83 (herein "Note") providing fZ2or~ppg~nts of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on 2ldx3 / 88
<br />' 'fosecii*e the pxyrrientot`the 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 agreements of
<br />the Itior~iigor contained tier~in,"" Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property Located in Aa11 County, Nebraska:
<br />_ The North Twenty (20) Acres of the West Half of the Southwest Quarter
<br />(Wr~SW%w) of Section Thirty-three (33), Township Twelve (12) North,
<br />Range Nine (9) West of the 6th P.M., except that part thereof con-
<br />demned by the City of Grand Island, Nebr. as shown by ordinance in Book
<br />"S" Page 166 of Miscellaneous Records, and except a Tract of ground described
<br />in Deed Record 147 at Page 296 in Register of Deeds office, Hall
<br />County, Nebr.
<br />Together with all buildings, improvements, fixtures, streeis, 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 replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of this 9ortgage and ail 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 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 Propertg, except as may otherwise be set forth herein.
<br />~ The Property is subject to a Mortgage wherein comp Federal-Savings & Lnan Assn
<br />is the Mortgagee, recorded at kook ,Page _ of the Mortgage Records of County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />^ Other prior liens or
<br />8. Tales, Assessments. To pay when due ail taxes, special assessments and alt 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 />9. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by 5re and such other hazards as Mortgagee may inquire, in amounts and with companies acceptable to the
<br />Mortgagee, and with Ices payable to the Afortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjust, collect and compromise, in its discintion, alt claims thereunder at its sole option, authorised to either apply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tinue until the sums secured hereby are paid in full.
<br />5. ^ Escrow Fo[ Taxes and lnsuranee. Alotwithstandingonything contained in paragraphs 3 and 4 hereof to the
<br />cagt:ary, Mort;agar shall pay io the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />Otte-tvpelfth of the yearly taxes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />priority over this Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />held. by the Mortgagee without interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. 2fte sutra paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Aiottgape.Mortpyorshtdtpay to Mortgagee the amount of any deficiency between the actual taxes, assessments, insurance
<br />premiums and tround yenta sad the deposits hereuader within 10 days otter demand is made upon Mortgagor requesting
<br />payttteat Wezeot.
<br />& , Mtintenauce and Use. To promptly repair, restuin or rebuild any buildings or improvements now or
<br />tuereattar on Liss Property; to keep We Property is good condition and repair, without waste, and free from mechanic's or
<br />other Liens not eapreuty subordinated w the lien hereof; not to make, suffer or permit any nwsan« to exist, nor to dimin-
<br />rih of trnpair the value of tba Property by arty act ar omission to act; end to comply with all requirement, of law with
<br />tYiapect to the Property.
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