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<br />~~ ,.~-di v 0 411.:
<br />MORTGAGE
<br />`i7risMortgagefsenteredintobetween_ Gerald D..:E-rede2iksen_and.L. .Tune
<br />Freder~ksen
<br />-------- (herein;"ffiortgagor")nnd -
<br />---_-_-- Five Points _Bank _ (Herein "1Gfortgagee"). -
<br />Mortgagor is indebted io Mortgagee in the principal sum.nf$ b..,.Ql() • 7~ _,evidencedby:Mortgagar's note ~-
<br />- dated January 24 , 19~rein "Note") providing €os~aymentsof~principil andintemst, tuith the-balance of the
<br />indebtedness, if not sooner paid, due and payable on .7 ttl V ~ 3 '."2 g~4 ~ - - -
<br />Torec~urethepaymentattheNote,withinterestasprovTded-therein;-thepapmentoYaihot6eT-suSn3,.witfifnterest,--,
<br />advanced. by Mortgagee to protect the security of this Mortgage, and the perfoiirran¢e o[theCovenants'=arid egreeinants of-
<br />the Mortgagor contained hereto, Mortgagor .does hereby mortgage dnd convey to=Mortgagee-tlie~ fottawing-; described--:- -
<br />property located in H'a1i. ~ ,County, Nebraska:
<br />l,ot Ehree (3?-, Shady 'Lane, Subdiv'sian, -Hall County;
<br />Ne liraska
<br />T'egetherwith art buildings, impmvemenia, fixtures; sheets, slleys, Passageways; easements; rights, privileges and.
<br />ap~..t.a«~cea -tha. ;: t.>..nywiae pe..a::ine ttt°:~ta, andt!:e rat±~, iss±tes-and proPts fnva_.,~leas_..._d ^de~
<br />~- ~ thereof{ inclpdt~fg; bat:not fltnited to, heating and coolitrg-equipment and- sush~ personal property tha#-is attached to the ~- -
<br />'ttiaproveaients sa ss to eoastitute a 6xttire; atl~of whtrh, including replacement and additions thereto; is hereby debtared-.
<br />tt>«.t5e a part-oT: t}is red.CState seeumd try-the hen of this Marigage and aH, of the foregoing being referred to hezetn.as-.the
<br />u~,~
<br />&Iaiigtgor furWer convenants and agrees. with:Mdttgagee, as fo[laws;
<br />_ 1.-Payment. To pay ilte.indebtiednessand~theihteresttherean~asprovided-inthitiA9tirtgage:and~tfteNote..-. -
<br />2_Titte. Mortgagards the owner of the Property, -has the-right and authoritu;to mortgagatheProperty, aad°
<br />.. warmatsthat;theHeir-.cteatadherahgtsa6rstandpnnr-lien,anthe:Praperty,:e>{ceptas.may:otherwrsebeset.farth,hetein. - -
<br />C3-The Prirpertjr iasubject"W a ~urtgage whrrcirr:___ - ,___...._,___~__~._.,~._____~
<br />ta'-fibs MOtlga~ee,recurdivf at Book , Pam -,__.:.._ -.. of ttie Moitgage Etecords of= County;
<br />Nehruka, arhlch Matgai~,is a lien piiotlo tkte lien created hereby:
<br />f)ther prtoc !teas of encumhraaeea; a________._. ___,._.._.__._ -._~
<br />- 3. 7Suies, ~- 'fb:pay whea::dtir a!t-ta<•ces, special acsinsmrnts and all ottigr ¢hargPS agrgnstthe Yropertg ~- -
<br />and; uponwrittendernand by Mortgagee, to--add to the payments reyuirrd under the Note secured hereby, such8mounta5
<br />may be sufficient to enable the higrtgagCe to;pa}', such taxes, assessments or other charges as they become due. -
<br />_ ~- Insurance. To keep the improvemrn 4ti now or hereafter located on the real estate described herein tnsnied -
<br />again5i damage. by fife and such other hazards as Mortgagee easy require, in amounts xnd with companies accepW6le to the
<br />Martsp~ee, and with loss payable tviheMortgagee. !n case of loss undersuc6 policies the Mortgagee is suthorizedto
<br />- adjust, cdleCt and compromise, is its discretion, all claims !hereunder at its sole pption, authorized to either apply the -
<br />p{otseda to tha rvstomUoa of the Property yr upon the indebtedness secured hereby, but payments hereunder shall con-
<br />tioue uati[ the surm secured 6¢reby ue paid In tuU.
<br />S, :1.EaCrow-For Fazes sad Insurance. Notwithstandinganythmg contained fn paragraphs 3 and 4 barest to the _ ,
<br />4oattaty, ]lartgeQor shat! pay to the Mortgagee at the brae of paying the monthly instaltmnn4s of principal and interest, .- -
<br />owe.iwviftb of the yearly -tazet, asseasments,.hazard. insvranca premiums; and ground rents (if any) which may atWn a
<br />Piaority aver ibis l<torignge, alt as trasonably ¢stfmated tram time la time by the Mortgagee: The amounts su paid shall be
<br />brdd=by the Mortgagee wlthout-intermt and aQpiird to the peymenL of ltre ite[ns in respect to whkfr such amounts fete - -
<br />de>paiiaKL `[7feaums-paid to ;vioityagee hereunder ere pledged ss addiGonsi ~cudty for Ure Indebtedness secured by this - - -
<br />ttlottpttoralarH;paY to ddoctttagtie Uie amnua{ of epy depclen¢y between lbe actual taxes, sssessmentr, insunmce
<br />"' premtutmt and ~gtuttd reaGi and the datraeifa hereurnder within 1D days after demand is made upon Mortgagor ragttestins
<br />Priytwnfi thereof.
<br />9. RIDMt,l~tenag4eand Ufa. '1'oprpmpUy repair. restore or rebuild any buildings or impxtvrments now w
<br />lur7tau(t1r aa, the f'tpperty;.la ktwR tha. f'roprrty, is goyd rrunditioa and mpair. without waste, and fire from meattanic's br - - _
<br />rliaps=not Cxpy aubotsiluated ts7 tYu• lien hermQ not to make, stiffer or pecrttit any uuwnee to exist: nor to dimtn•
<br />frA ar intpkirthc vatttr of the 1'mpertY by-any atl arcunfssstui to act; and to comply with all n;quitti+menta of taw wrth
<br />r+atrp!ucA ttr the ['Ygppr{y.
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