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<br />$~ °~-'-tl0QO95
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<br />'Ibis?vIbrtgfigcisenteredintobetween Lesser.-L. Cowe11 and Barbara A. Cowe11,
<br />Husband and tJife
<br />- ___ (herein "Mortgagor") and
<br />_ -----------.-- Five'.P©ints."Bank _(hereio"Mortgagee") -
<br />Mortgagor is.indabted to~Mortgagee in-the principal sum of $t 7., 265:66 ,evidenced by Mortgagor's note
<br />~L,d_tanuar~ p,-19$4 {heiein'~jote"jproVfdTng~~for~paymenk4of=pa~te~palandinterest,withthebalanceo!the
<br />Januar 6, 198
<br />indebtedness, if notsooner pald, doe and!paysble on y $
<br />Tosecnm thepaymentof ttie Note; witti inte~e~t'aa provided therein,-ttte payment of alt other sums, with interest;
<br />adgeaced-by Mgrtgagee;to protect.the security of this Mortgage, aod the-peilormancc of the covenants and agreements of
<br />the`MOrtgagor eohtained he[t:in. Moat~fgo;:`.does hensby-mortgage.-and'epnvey tb Mortgagee the following-described
<br />P~~Y located-in Hatt .County, Nebraska:.-
<br />TheNorthexly Eighty-Nine. Feel. (89') of Lat Fbux (4) in
<br />.Block-One Hundred For[y-One (14.1) of Union Pacific Raili.*ap,-
<br />Co.'s-Second. Addition to the. City, of Granel.Island, Ha11
<br />County, Nebraska
<br />Together with. all buildings, improvements, fixtures, streets, alleys, Passageways, easements,. rights, privileges.and
<br />-, appurtrenaaors located thereon of in anywise pertaining-thereto; and the mnts. issues and profits, reversioris~and remainders-~ - - -
<br />thereof l~itlding; Out not limited to, besting and cool'mg equipment and such personal property. that:is attached tp the
<br />- - - imptowementa so as tri cunatitute a fixture; a31 of-which, including replacements and additions thereto is hereby-declared -
<br />to bo a part of-the. rxal estate secured by the lien of this Mortgage-and ail of the f:rregoing being referred do herein as_the
<br />:.~„
<br />- - D4ortgagpr-further twnveaenls.arrdagrees-, wtth'Mortgagee, as follows:. - .. -
<br />- i.. Payment- To pay-the indebtedness and the interest thereon as provided in this Mortgage-aod-the Note.- -
<br />2, Tthte. Mortgagor is tlse owner of the Property; has.the right-and authority to mortgage-the Property, aod
<br />wattattts that the ricer created hereby is a first and prior lien on the Property, except as may otherwise ba set forth herein. -
<br />- - - ~ - 3 The -Pmparty is subject W s ,3ortgage wherein .----.._ ___._.,..m.._.~...__._.-_.___,.-,`. -
<br />the ~gea: recordM at Bonk ~;._- ,Page--.--.___. of the Mortgage Records of __ County.
<br />1+7sEtaslta, whirdr Mott~rge is a lien prior to the ties created hereby.
<br />[~ Other:prior sierra or encumbranresc _.__._ : ~ ---._...~__..__. T.____,,s______.________..___
<br />. ~"3: 9~itvs;" Rrta.. To-pary-when-due-all taxes, special akstsssments and all other charges against the Property -
<br />mpd, upvp written rlemaad by ldnatgagee: to edd xa the payments required under-the Note securedhemby, such amount as
<br />may heasUEQtiaSt ~ anabte3he Mortgagee tti pay suokt taxes. aasesaments or a4her charges as.they •beaonie due:
<br />4 laaurntce. Tb keep-the improvements now ar hereafter located on the real carats described herein insutgd
<br />against damtge by; ~itean<tsuch other hautrds as Mortgagee: may require, inamounts and with companir~& acceptable to the
<br />- b6ortgal;er,.aud vrith~loss-payable„kt-tbe.igee- fn,caxe.of:lass w~rder-such policies the;Mort~gee,~is authorizedto -
<br />adjust, carted aod compx+udsev iu.i~ dheretign, aU claims thereunder at its sole, option, authoriYed to eithcrapply: the "
<br />pmceads to the rrsturatian of the Property ar..upcm the indebtedness secured hereby, but payments Hereunder shall can-
<br />tiaae ttnW the Burro strurtd hereby era paid in full - - - - - - -
<br />5: Ct Bscrow For Tasea and hmnance: ;kotwifhstantling anything contained in paragraphs-3 anr1.4 hereof to the
<br />rnntrary, MurGjegor shaft pay to the Mostgaget~ at ttie time of paptng the mantttly irvcta[Ements ofpziiteipal sad lntemt,
<br />one~t~retftboTthryeariyunes.assessments,hasardirivuranea,prmmtums;arid~ground.rents(ifanp)whieh-may attain-a
<br />irfturkiy or~r tads A4ortga{r. ail as reasonably estimatedtrom time~to time Dy.the Mortgagee: Tiieamaunta so pall sha-1'be
<br />held by the Monpger without interest and appited w [he payment of-the items in respett 4o which Bach amounts were
<br />dapcrit,ett The wme paid to Mortgagee hereunder are pledged as addttlooal serudty tot the indebtedness secured hY this
<br />114ut~r.iltort~egorshailpsy to Stor!{aaee the amount of any deficieiscp between tha:actuAl,takes, ass~amenta, insurance- _ -
<br />paamiaws and Xtovnd rants and the depoalp htnundez wi[hio 10 days after demartdls made.upoti Mortgagor iregtiaattog
<br />paY~e+tt tltete~of, .. -
<br />6. ,te{wair, Malntenawnr,ead t1w. 1L promptly repair, rrslore nr rehoild any iruitdings or intpropemants nqw or
<br />- - i~ftui tln the Pttrpeny; to. keep.. the Property in good ccrndiUan and repair. wititQttt .waste. and ftiee fsrun mectranic's or -
<br />oihar liem nntvxprewiy suix,rd}eated to the tten hereof; not to make, ~uff.r or pemrit any nuicanr~ ter exist, nor to diraitr
<br />i+b ar rmpnir the vaJae of the Nrupertq hY any eel or snrdbt:xl~ tp art: attd to anwply viiUo- all requirarnents of taw wit#a
<br />rcatx~ri 4r ti>,r CYuperk)". - - -
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