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<br />MORTGAGE
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<br />83.-+)01240
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<br />'!11lsMortgageisenteredintobetweenJ. Gary Vejvoda & Patricia M. Vejvoda, Husband &
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<br />Wife; jointly and .e.chin their own right (herein "Mortgagor")"and
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<br />Five Points Bank
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<br />(herein "Mortgagee").
<br />. evidenced by Mortgagor's note
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<br />Mortgagor is indebted U>Mortgagee in the principal sum of $ il, SOh SO
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<br />d3ted " (herein "Note") proviwg~Jor#r~e~~f6fgeciPal and interest, with the balance of the
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<br />Indebtedness,irnotsooner~ld,dueand payable on Note #2 - 9/6/81
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<br />Toliecure the ~yment of the Note, with interest as provided therein,the ~yment of all other sums, with interest,
<br />advanced. by M~ 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
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<br />property located in Ha 11 Connty, Nebraska:
<br />A tract of land comprising a part of Lot H in Joehnck's Subdivision of the Southeast
<br />Quarter (SEt) of Section 15, Township 11 North, Range 9 West of the 6th P.M., more
<br />particularly described as follows: Beginning at a point on the Southeasterly line
<br />of MacArthur Avenue in the City of Grand Island, Hall County, Nebraska said point
<br />being Thirty-three. (33) feet Southeasterly and Three Hundred Ninety-seven (397) feet
<br />Southwesterly from the Northeast corner of said Lot H, Joehnck's Subdivision; thence
<br />Southeasterly parallel to the Northeasterly line of said Lot H, a distance of One
<br />Hundred Forty-one and six-tenths (141.6) feet; thence Southwesterly parallel to the
<br />Northwesterly line of said Lot H, a distance of Fifty-eight and fifty-six hundredths
<br />(58.56) feet to the Northeasterly I ine of to/alker's Subdivision; thence Northwesterly
<br />along and upon said Northeasterly line of Walker's Subdivision, a distance of One
<br />Hundred Forty-one and six-tenths (141.6) feet, to the Northeast corner of Lot One
<br />(1) Walker's Subdivision; thence Northeasterly parallel to the Northwesterly line
<br />of Lot H, a distance of Fifty-eight and ninety-three hundredths (58.93) feet to the
<br />place of beginning and containing 0,191 Acres, more or less.
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<br />Together with all buildings, improvemento, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtellances located thereon or in any"ise pertaining thereto, and the nmts, issues and profits, ",versions 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 constitotea 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 the foregoing being referred to herein as the
<br />"Property",
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<br />Mortgagor further convenants and agrees, with Mo~, as follows:
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<br />1. Payment. To pay the indebtedness and the into>restlhereon as pro\ided in this Mortgage and the Noto>,
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<br />2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage tbe Property, and
<br />wammls that the lien created hereby is a first and prior lien on the Property. except as may otherwise be set forth herri,n.
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<br />o TIle Property is subject to a Mortgage whel\'in
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<br />is the Mortpgee, recorded at Book _ . Page _ of the Mortgage Records of
<br />Nebnska, wbich Mort.p&e is !llien prior to the lien created hereby,
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<br />County,
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<br />o Other prior liens or encumbrances:
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<br />3. Tues, ~tL To pay when due all tues. spedal_menls and all other charges apinst the Property
<br />and, upon written demand by Mortpcee, to add to the payments required under the Note secured hereby, such amount as
<br />may .be SIlfficiellt to enable the Mortpgee to pay such taxes, _nts or other charges as they become due.
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<br />4.~, To keep the impro..,meots now or bereafter located on the real estate de5<'ribed herein insured
<br />I(IIIllIs&. ~ by fin and sucIl other hazards as Mortgape may require, in amount>; and with companies acceptable to the
<br />Modpcee, and with 1_ payable to the MoI1plee, In C8Sl> of loss under such policies the Mortga&ee is authorized to
<br />adjllat,eQllect and eomproIIIlse.ln iI.a dlscatloll. all claims thereunder at Its sole optioll, authorized to either apply the
<br />~.. to tIle.lIIStoIatioa of the Property or upon the indebtedness secured bereby, but payment>; hereunder shaII con-
<br />u- .lIIltD lb sums secured henby aft! paid In fUlL
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<br />Iii,. 0 iIc:lo'W. Fer or.. IIld JJ.u-. NotwithstandiD& anythlnc contained in paracrapbs 3 and 4 hereof to the
<br />~,~ dld pay to &M.Mortpcee at the time.of payiOC the monthly installments of ptinclpal and Interest,
<br />~ of 11M y...sy tu.._ts, buard i_ranee premiums, and ground rents (if any) which may attain a
<br />~ owr ItIk ~ all . -uIy estilBated frtIm time to Ume by the Mortpr.ee. The amounts so paid shall be
<br />llIl4...... tIle,~wltlIoullntealtand applied to the payment of the Items in respect to which such amounts were
<br />~......plidto........ ~ m pledaed auddlUonaI oecwity for the Indebtedn_ secured by Ulia
<br />......~...pay.to~ the _t of any deJ1clenc:y bet_ the &etua! taxes. _ia. insuranCll
<br />........1114..... -- &lid. the lIepoaIU.hNelllldtr 'lrilbln 10 days after demand Is made upon MortpCOf l\lqueat1nc
<br />~u..ot.
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<br />.. ......11 I I Tf I ... \!at. 1'0 ~JlIllY. ~r. restor. or rebuild any buUdJn&Io or Improvements now or
<br />~_tbt~. to ...Uld.roPUiJUl...,aeooclWoR andftlll&lr, 'lrithwt _Ie. and me frota mechank'. or
<br />............. r~ ~~-~ to thelhNl.a-f; not to IIlllb, SlIftN or permit any nuiaanae to ..lit, nor to dlmln.
<br />...... .....ott1ilt~ by &lI)'actor ~ to act; wt to ~y WIth allrequlrem<mta of law with
<br />~.... .........,.
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