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<br />
<br />MORTGAGE
<br />
<br />Donald F. Allen andPazoola J. Allen,
<br />
<br />(herein "Mortgagor") and
<br />.'. . . . Nebraska (herein "Mortgagee");
<br />MO~tgagoriS'indebtedt<)CMortgagee' in the principal sum of $ 25,000.00 , evldenced by Mortgagor's note
<br />~. 25,I98S (herein "Note") providing for payments of principal and interest, with the balance of the
<br />April 15, 1988
<br />
<br />T<>securethepaymentofthe Note, with Interest as provided tberein; the payment of aU other sums, with interest,
<br />advanced.byMortgagee toprotect'thesecumyofthiliMortgage, and the performance of the covenants and agreements of
<br />the, Mortgagor contained herein, Mortgagor dOes: herebY mortgage and convey to Mortgagee the foUowingdescribed
<br />
<br />property located in
<br />
<br />Hall
<br />
<br />County, Nebraska:
<br />
<br />lot Six (6), in Fractional Block Si.x (6), in H, G, Clark's Addition
<br />to the City of Grand Island, Hall County, Nebraska.
<br />
<br />Together with all buildings, improvements, tlxtures, sW'eL>, alleys, passageways, "...'ments, rights, privileges and
<br />appurtenances loeawd thereon or in anywise p<,rtaining thE'retu. and till' n'nh issw-'s and profits, reversions and remainders
<br />thereof; including, but not limited to, heating and cooling "quipn...n! and such personal property that is attached to the
<br />improvements so as to constitute a tlxture: aU of which, ineludlllg "'pl.ccmen", and additions thereto. is hereby declared
<br />to be a part of lhe real estate secured by the lien of this Mortgage and all of the foregoing being referred to hewin as the
<br />"Property",
<br />
<br />Mortgagor further convenants and agrees, with Morlgagee, as follows;
<br />L Payment.. To pay the indebtedness and the II1t.",,, Ih...,.oo a,s proVIded III this Mortgage and the Note,
<br />
<br />2, TItle. Mortgagor is the ownN of \.lIe Property, has Ihe Flghl and authonly to mortgage the Property, and
<br />warrants that the lien created hereby is a nr.;t and prior lien on Ihe ProP<'rly, ,'xc-ePI .. may otherwise be set forth herein.
<br />
<br />Xi The Property is subjoot 1.0" Mort:iUiwheretn Weatern.Sec.ur1.Uea-(~t)mpa "y
<br />lUnent -003712
<br />is the Mortgagee, reeorded at~__ , _... of Ih., Mvrlga:v Rft'Ords of _,_~,
<br />Nebraska, which Mortgage is a lien prior to the lien ,-""'led h"rt'by
<br />
<br />by FBS.-Homes
<br />Count~nC .
<br />
<br />o Othe.r prior liens or encumbran,-es:__
<br />
<br />3. TlOOI$, ~ts. To pay when due all taxes, sp<,<'ialassessments and all other charges against lhe Property
<br />and, upon writ~n demand by Mortgagee. to add 10 the payments required under the Note secured hereby. such amount as
<br />may be.wfflcient to enable the Mortgagee to pay such taXes, assessments or other charges as they become due,
<br />
<br />
<br />4, I~. To' keep the improv"",..nts now or he",afler located on the ",81 estate described herein insured
<br />apins1daJllacoil by fire and such otber hazards as Mortg~ may "'quire. in amounts and with companies acceptable to the
<br />M~, and withl06S payable to the Mort~. In ease of loss under such policies the Mortg~ is authorized to
<br />ltdjus\. coll\1<< a1l4 wmpromise. in its discre\.ion, all claims the",under at its sole option, authorized to eilher apply the
<br />~to tile le$loratlon of the Property or upon the indebtedness secured hereby. but payments hereunder shall con.
<br />liDJiec UlttII the sums ~hentby an!! paid in fun,
<br />
<br />5.. D EserowF"".Tax.o and IMlUllllee. Notwithstanding anything contained in paragrapbs 3 and 4 hereof 10 the
<br />~.MfH$N!!f~pay to the Mortg.....al tho. tin", of paying the monthly installments of principal and interest.,
<br />~~.oCthe:yll&dytQf$,._4, hazar<l i_nee premiums, and ground renL. (if any) whieb may attaln a
<br />~~t,UUl!~.e!l.~Y estilJlate<l from lime to. time by the Mortgagee, TIlt' amounts so paid shall be
<br />~,~theM~, 'Without In~anllapplied 'to ihe pa)'meniof the ilel1\S in respect to which such amounts were
<br />~~ ~.~~.IO ~. beteUJltWr are pkld&edas additional security for Ihe indebtedJWss .ecuredby this
<br />. . '~""",PlIYtO~. the .amount of any defiei\!ncy belween tbe actual lUes, _$Smeots, ins_
<br />~~Ml15 andtbedepolitsbt\n!under within lOdayi after demand I. made upon Mortgagor requestilll
<br />~~,
<br />
<br />'.........."ItiahII... aae Uw,.. 1'0 prOlllplly ..pair. restore <>r rebuild any buildings or improvements now or
<br />~ ..tblI~;'1e! kftllW ~rty In 100000~and "'!IIlr, withoul wute.lUlu fme /)-om medlanic'. or
<br />...~ e:It~.u~to 1Iw ""1\ hmlof; nol to malut, >luCfe< or permit any nUlllall<t' to uisl., nor h) dimin,
<br />.lIb.<<' ~. ..u......... ofthe~ by afty. <<tor ambo.ioo to&ct; alldto comply with a11l\'\juil'OO\enl>i of law with
<br />~I<tthe~,
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