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<br />83-0015~3
<br />
<br />MORTGAGE
<br />
<br />
<br />'lbis' Mortgage is enteredint<> between
<br />Eusbandand Wife
<br />
<br />Wallace Davis and Maxine E. Davis.
<br />
<br />FIVE: 'POINTS BANK
<br />
<br />(herein "Mortgagor") and
<br />(herein "Mortgagee").
<br />, evidenced by Mortgagor's note
<br />
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 14 , 000 .00
<br />
<br />dated
<br />
<br />1/11/111
<br />
<br />(herein "Note") providing for payments of principal,and interest, with the balance of the
<br />
<br />indehtedness. if not sooner paid, due and payable on
<br />
<br />9/27/83
<br />
<br />To secure the payment of the Note, with intel'1!St as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee~#l~~>~qV.iS Mortgage, and the performance of the covenants and agreements of
<br />the, Mortgagor contained hfltin. Mo~ '~~i;~ere'by mortgage and convey to Mortgagee the following described
<br />
<br />property located in H1L~liIll~'!'Cl:Il~.Nebraska:
<br />
<br />Lots Four (4), Five (5), Six (6), and Seven (7), all in Lake Davis Acres
<br />Third Subdivision, Hall County, Nebraska
<br />and
<br />Lots Three (3), and Lot Five (5) in Lake Davis Acres Fourth Subdivision,
<br />Hall County, Nebraska
<br />and
<br />Lot One (1), and the Westerly Fifty-Six Feet (W56') of Lot Two (2),
<br />in Block Two (2), Lake Davis Acres Subdivision, Hall County, Nebraska
<br />
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways. easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents issues and profits, reversions 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 constitute a fixture; all of which. ineluding replacements and additions thereto. is hereby declared
<br />to be apart of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />"Property",
<br />
<br />Mortgagor further convenants and agrees. with Mortgagee, as [ollows:
<br />
<br />1. Payment. To pay the indebtedness and the mte""'t thereon as provided in this Mortgage and the Note,
<br />
<br />2. Tille. Mortgagor is the owner of the Propeny, has the right and authority to mortgage the Property,and
<br />warrants that the lien creowd hereby is a first and prior lien on the Property. except as may otherwise be set forth hereiIL
<br />
<br />o The Property is subject to a Mortgage wherein _,~,
<br />
<br />is the Mortgagee, recorded at Book __ , Page _~,_ _ '" of the Mo't~age Records of
<br />Nebraska. which Mortgage is a lien prior to the lien created herehy.
<br />
<br />County.
<br />
<br />o Other prior liens or encumbrances: ___
<br />
<br />3. TaxeIi, Allessmeats. To pay wh..n du.. all taxes. special assessments and all other charges against the Property
<br />and. upon written demand by Mortgagee, to add to the payments requirt'd under the Note secured hereby, such amount IS
<br />IDllYbo>&IIfficientto enable the Mortgagee to pay such taxes, assessments or nthe, charges as they become due.
<br />
<br />4. 1DsuraIlce. To keep the improvements now or hereafter located on the real estate described herein insured
<br />apiast dmIatIe by fire and sucb other hazards as Mortgagee may require. in amounts and with companies acceptable to the
<br />Mortppe. .AIld withlOSll~blt' to the Mortgagee, In case of 10Sll under such poliCies the Mortgagee is authorized to
<br />adj!qt,. coIleet. and compromise, in its discretioll. all daiJm th..reunder at its sol.. option, authoriZt'd toeitherapply tbe
<br />pro<:eeds to the restoration of the Property or upon the indebtedness secured h.....by, but payments hereunder shall COD-
<br />.tinu&until th,,_seeured lleNby &111 paid in full.
<br />
<br />$. 0 Eeemw For Tue and lnsuranee. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />~,~sbaII pay to the Mol'tp&ee at 1M time of paying th.. monthly installments of principal and interest,
<br />~.o{ the.yearIy lues, _.. bazMd lllSUlall<:<'.premiwns. and ground rents (if any)whlcb may attain a
<br />~ o..t thiS Moripge,alllS l'ltiOlIably estitnatt'd fromti_ to ti_ by the Mortgagee, The amounts so paid shall be
<br />1leI<l:bJ! tOO ~ widl<!ut IllterMt pd. applied to the pay_nt of the ilt'ms in respect to whicb such amounts Were
<br />~ ~1liJM paid to MoftIItee bemlnller &111 pledged as additional security for the Indebtednll$8 seeured by this
<br />~;~JllIIlpayto ~ the __t of any dellelency !Mttween the actual taxes. _nu, insurance
<br />~__ .poqd,.o.IaAlld the dlipoIllI ~under within 10 days after demand i. mad<' upon Mortpcor requesting
<br />~l1te-'
<br />
<br />.. ....i.r. ~1 rn:tAlld,u.. To l'fOIDPUy "'pair. ftSto... or rebuild any buildinlS or improvem..nts now or
<br />~;ODtht.'~ito ~1Ile. Propmy In cood COlldition and repair, without waste.md rr.... from mechanic'. or
<br />...,....~~ ~ to tbll.1iM ~nQl.to__. sufe"r or pannlt any nu~ to ..xist. nor to dimin-
<br />Wl..... lite.... of the PIoperty by .AI'I)'. U\ or OlIliMIon to act; and to comply with all requirem..nu of law with
<br />~tQ.uw-~,
<br />
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