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<br />MORTGAGE
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<br />83_1J\J1203
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<br />This. Mllltpge is entered Into between
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<br />Levering, husband and wife
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<br />FIVE POINTS BANK
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<br />;}<
<br />Peter J. Leverinq and Arlet*a J.
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<br />(herein "Mortgagor") and
<br />(herein "Mortgagee ");
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<br />Mortllalioris indebted to Mortgagee in th& principal sum of $ 15.000.00 ,evidenced by Mortgagor's note
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<br />3I9/83
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<br />(h&reln"Note")providingforpayments of principal and Interest, wltli the balance of the
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<br />indebtedness, !tnot sooner paid, due and payable on 9/5/83
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<br />.ToSl!l'lUll the payment of the Note, with interest as provided therein, the payment of all otber sums, with interest,
<br />adv.ncedby Mortg/igee. to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Moitgagorcontalned. herein, . Mortgagor does hereby mortgage and convey to Mortgagee the following described
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<br />property located in Hall County, Nebraska:
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<br />Lot Two (2) in Levering Subdivision in the City of Grand Island, Hall
<br />County, Nebraska
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<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywi,se pertaining thereto, e.nd the rents, issues and profits. revemons and remainders
<br />thereof; including, but not limited to, heating and cooling equipment and such personal property that is attached to lbe
<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 Mortgage and all of Ihe foregoing being referred to herein as the
<br />"Property",
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<br />Mortpgor further convenants and agrees, with Mortgagee, as follows:
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<br />1. Payment. To pay the indebtedness and the interesl thereon as provided in this Mortgage and the Note,
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<br />2. Title. Mortgagor is the owner of Ihe Property. has the right and authorily 10 mortgage the Property, and
<br />warrants tllat the lien ereated hereby is a firsl and prior lien on tbe Property, except as may otherwise be set forth herein.
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<br />o The Property is subject to a Mortgage wherein
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<br />lsthe Mortgaget!.lI!eOrded at Book _. Page _ of the Mortgage Records of
<br />Nebraska, which Mortga&e is a lien prior to the lien created hereby,
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<br />o Other prior liens or encumbrances:
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<br />County,
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<br />3. 'I'Ues, ^,-iL To pay when due 8ll taxes, speciai assessments and all other charges against the Property
<br />lIDCI, upon writteft demand by MoItpgee, to add to the payments required under the Note secured hereby, such amount as
<br />may besufftdellt toenahle the Mortgagee to pay such taxes, llSSeSSments or other charges as they become due.
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<br />..~. To keep the impm_ts now or hereafter located on the real eslata described herein IIIBIU'Ild
<br />apiDst ... by fiN and such other hazards as M~ may requite, in amounts and with companiesaceeptable to the
<br />MorqpqfIe,.aDd witblollS payable to the Mortgagee, In case of loss under such policies the Mortglgee is authorized to
<br />adjust, eotIeet md eoIDpl:OJDiIe, In its dlscretioD, 8ll eWms thereunder at its sole option, authorized to either apply the
<br />~.. to tIleo reetoraliolt of the Property or upon the indelltedn.... secured hereby, but payments hereunder sbaII c:o&-
<br />U-.lUltil.the _~ hereby .... paid in full.
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<br />5..0 .FMrow.For ""IIIHI~ .'Notwi\batandiDl anything contained in paragraphs 3 and 4 hereof to the
<br />00IIitllIcy. Mortpcor shaIl'payto the.MoItppe at the time of paying the monthly Installments of principal and Inte_t,
<br />~of the yeIldy tueI. -15, baaId insurance premiums, and ground rents (If any) wblch may attain a
<br />pltoIity.- tldIt ......... 8ll .. ~y estimated &om time to tI_ by the Mortpgee. The amounts so paid sh811 be
<br />llIld'll1-lhe~..w-t ilitenlstamlllppiiedlo the paymettt of the itams in resped 10 wblch such amounts were
<br />~ TIM __.... to .~.l1enWldet are pledced as additional seeurity for the IndebtednlllS secured by Ihls
<br />~"""'''''to~.dM__t of any del1cleaey bet_ tlte &dual tue&, _la. ins_
<br />.................llIIltUlid the"-'lI9mmder wlthl1\ 10 days after deJnand Is made upon Mortpcor requestinl
<br />.....,...UttIMt
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<br />...........1.. .1lt ..Ua. To ~ ~, __ or nbWid my buildings or improftmenla now.,..
<br />........0lIl. _.~ to.-.d1eJ'tioperty.lAJOO'l-alUoa ami "'fiIlIIr. without w_,and free frommoc:lwUc'sor
<br />oIIk.............. ~l9_ ilIA~; MUO mUe-.tuffer or permit any nultaDoo to eXlat, nor to diJDin.
<br />..~.- ".lhe~ by.., a,oior OIIlIeIkllito_; ami to toDIply with 8ll require_ of law with
<br />......to_~.
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