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~~''"'~~~fJG0897
<br />MORTGAGE
<br />Thislltortgageisenteredintobetween Sylvan C. Roberts and Mazy Ann Roberts, Husbanll
<br />T aad wife ~_ (herein"Mortgagor")and
<br />Five Points Bank (herein"Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 4 ,133 .47 , evidenced by Mortgagor's note
<br />dated 2 / 1 b / 84 (herein "Note") providing for payments of principal and interest, with the-balance of'the
<br />indebtedness, if not sooner paid, due and payable on 2116 / 87
<br />To secure the•paymentof the-Note, with interest as provided therein, the payment of all other sums,. with-.interest;
<br />advanced- by Mortgagee"to.@rotect the security o[ this Mortgage, and the pedormence of the crovenants andagreements:oC
<br />the Mortgagor-{contairred: herein,.. Mortgagor does hereby mortgage .and convey to Mortgagee r the following: described
<br />property located in Hall County, Nebraska: "
<br />Lot Eighteen (18) in Island Acres Number Seven (7), an
<br />Addition to the City of Grand Island, Hall County, Nebraska - -.- - -
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways,, easements, rights,.priyileget and.
<br />appurtenances located thereon or in anywise pertaining-thereto, and the rents. issues" and profits, reversions and temainden.
<br />theceot<inclnding,.but noblimited. to, healingand cooling equipment°and such'persomd praperty that is attached W the
<br />improvementss6 as lo. constitute s fixture; all-of which, including~ieplacements-and additions thereto, b hereby.dedated
<br />to: be-,a.park.of~the real estate, secured by-6he lien-btthisMortgageandall.ot-the:~.foregoing beingreterred. to hereelis the...
<br />.. "Property". ,. -
<br />Mortgagor further.convenantsand-agrees, with Mortgagee;_as Ldlows:
<br />- ". 1. Payment.- To"pay the indebtedness.and"the:interest thereonasprovided in this Mortgage and the Note.
<br />- - 2:.Titk.": Mortgagor is".the owner of the Property, has the right and authnrityto mortgage.Lhe Property, and
<br />warrants that:the lien created.hereby-~ a-first and prior:lien an;ttie Properly,-exixip[ as~may otherwise 6eset.[orthhereia
<br />- ^-The~PropertyissuhjeeltoaMortgage.whrreinr ._..____;~._.__~,.~._~.....--.--- __--_-
<br />is the:Morigagee; recordediat 13obk ; Page ~ ~._ __ of khe.Morigage Records of _ _. County,
<br />NehriaaBa; which-Mortgage is rlien,priar to lhelira created-hereby: -
<br />^ Other priorliens;or encumbrences:_,~_~___._ _ ____: _ _..-
<br />~.. 3.~7'a=es, Aaaeaemelats.~ To pay when-due all taxes, special assessments and-all other charges against the Property -
<br />' and, upon writteq demand byMortgagee, taadd to the!payments,required under the Note securedhercby, such amount a+
<br />- ~-maY ~ sufficient to enable the-Mortgagee~to-pay such taxes, assessments or other charges-as [hey become due.
<br />4. Inq~ace.-Tq-aeep. the improvements now or heiealler located on the .red estatedescribed herein insured
<br />against damageby fire and suchother hazards,asMorlgagee rtiay n•quire,in amounts and with cmnpaniesacceplaNe to the
<br />- _ _ Mort;a/ae, pod wilh.'loss payable to,tfie Mortgagee. fn case of loss under such policies [heMortgagee. is authorized-to -
<br />- adjust, cdlect andcompromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />pntr:eeds td the restontiar of the. Property or upon the indebtedness secured herehy, but payments hereunder shall.con-
<br />- time, until the sums secured hereby arepaid in fu0.
<br />S. '~ Eacrow For Toes and Insurance. Notwithstanding anything contained in paragraphs 3 and4 hereof to the
<br />- cootnry, Mortggor chap. pay to the Mortgagee at the time of payingthe monthly installments: of pdncipd and interest,
<br />- orredrrelfth-of the yearly laxec, ;cssesstrrents, har~rdinsurance premiums, and ground rcnts.(if uiyl which may attains
<br />- priority over [his Mortgage, all as reasanably estimated. from time to time by the Mortgagee. The amounts so paidshall be
<br />hrid by the Mortgagee withoubinterrst and applied W the payment of the items in respect to which such amounts were
<br />deposited. '(Yre.suau paid to Mortgagee hereunder are pledged u additional. security. for Fhe indebtedness secured bythis
<br />)tarlgage. Mort;agorWtallpay WMortgagee the amount of any deficiency between the actual taxes, auessmenls, inaunrrce
<br />prvndum~ and ground reol, and the drpu.iU trrrrundrr within l l) days after demand is made upon Mortpsor requnling
<br />prayraeut thereat.
<br />6. Repair, Maintmaxv and Use. '1'o promptly repair, reswrr or rebuild any buildings or improvements-now pr ;
<br />hereafter oa. the -Property; tn. lump the Property in good condition and repair, without wtate, and fx~e tram m~haQ,tc's qr,
<br />other liens not exprvuly sut~ordinatrdlolhrlin~ Pietro[; rant to make, suffer ur prrgtit.atty nuisance to eziat.naQtrEd'tt~iit-
<br />- ishor lmpairlhr slur o[.thr Property hyany act or omisaivr~ to act; urd to aumpiy w{th ali,requtrementa.o[ law, with
<br />respect tq the Rvrprrty. .
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