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MORTGAGE ~4 ___.{~ Cj 0 914
<br />This Mortgage is entered into between Michael L. Encinger and Patricia A,
<br />Encinger. Husband and Wife (herein "Mortgagor")and
<br />FIVE POZNT9 BANK
<br />(herein ..Mortgagee")
<br />Mortgagor ds "indebted to Mortgagee in the principal sum of $ ~h4-,.D00 _ 00" ,evidenced-by Mortgagor's note -
<br />dated __-2l~ 5l84 (herein "Note") providing for payments of principal and interest; with-the balenrae of the
<br />indebtedness, if notsooner paid, due and payable on__ a-1 5-RA ~ -
<br />Tosecure thepayment of the Note, with interest as providedrtherein, the payment oball-other sums; witbinterest;
<br />sdvanced:by Mortgagee to protec~;ttte:get~tri~y` of'Wifs lvlo'"ftgage, and'the performance of khe covenants andagteemenq-of
<br />tl7e Mortgagor-contained her~ih, Mortgagot'dtr~s'hereby mortgpge and convey. to. Mortgagee the-[ollowieg descdtredr
<br />.. _:.a.-
<br />property located in ctat'S P County, Nebraska:
<br />Lot Eight (8), in Block Eight (8), in the original town, now
<br />City of Grand Zsland, Hall County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements,: rights, :privileges and - -
<br />appurtenancesloealedtbereonorin.anywisepertaining.the~to;andtfierents,:issuesandprofits,rrveesirmvandrrmainden
<br />thereof; including,.;but -not limited to, beating and cooling.equiprnent and sych-'personat:propetiy that is attacbed to the
<br />improvements_.so-as to constitute.a fixture;-all of whirdr ihcluding mplacementssndaddifions thereto; is hereby declared
<br />to be•a-part of ,the real estate secured by the lien of this Mortgage and all oEthe foregoing being referred to herein as lbe
<br />.~~~~,,;
<br />Mortgagor further coneenants and.agrees, with-Mortgagee, as_follows;
<br />1. Payment. Topay the indebtedness and.the interest thereon as provided in-this Mortgage and the Note.
<br />- 2.;Title. Mortgagor is the-owner of the Roperty; has-the righl.and_authority.M".mortgage the Property, and
<br />warrantsthat:.theaiencreated-he~ebyisafirstand.priorliena4lhe-Property; exceptas_may-.otherwisebexlforthherein.
<br />€57 The-Property is subject to a Mortgage wherein -, F~ Pgint~Bank _______
<br />Doc.- #'-s 79-0069fi9r 81=0005$1, 82-000623, & 83-003294
<br />is:tpe~Mortgagee,-rernrded--at"B~.- _ .x,_.~,..__. oC-Lhe-,Mortgage Records o[=_ Hall --County,
<br />Nebraska,-whit~h-Mortgaga u a7ieh.priot toahe lienxrealed hereby: _ -
<br />D t2tlier prior litms or encumbrances: ___~-____Y
<br />' ~ - - - 3-;rases, Aaertnants<, Ta pap, whep due all;Dai'tes,special-assessments:ahd~ail other charges against the Property
<br />and„upoo,.written demand-by tilortgagee, fo add tothe paymentsrequired;under the Nute secured hereby, suchamount is
<br />may be'su[fipeot to,ehpble the Mortgageeto pay such taxes, assessments or othet.ciiarges as they trecorrre due.
<br />9:.loavragte.:- To keep.the improvements.now-or hereafker:located:oa the.n~al esUte rkscribed herein insured -~
<br />against damage by,fire and such other hazards as Mortgageemay require, in amounts and with companies acceptable to the
<br />.Mortgagee, and with {oss payable, to Ihe.-.Mortgagee..-In. case oCtoss under such policies the hfurtgagee is authorized. to '
<br />adjust,edlect and compromise„ir its .discretion, alldainis thereunder at i)s solQ.pption, authorized to either apply. the
<br />~, -proceeds to Che restoration oCah$ Property or upon the- indebtedness secured-hereby,. but payments hereunder shall con--- -
<br />- 6nue until the sums secured hereby. are paid in full. - - -
<br />-'- - 5. ^ Eaerow For Toes and Inwrance. -Notwithstanding ahything;containedip-pa[agnphs 3 and 4 hereof to the -" -
<br />- ~ contrary, Mortgagor shall pay to the Mortgagee at the time of paying the monthly instalirttents of principal and interest, - -
<br />one•twelfth o[ the yearly taxes, assessments, hazard insurance premiums, and':grrzurd~renfr (it any)which may attain • - ..
<br />priority over this Mortgage, all. as reasonably estimated from time to time bytheMortgagtr~ Tire amounts so paid shall be -
<br />held by the Mortgagee without interest and apptiedto the payment uf.,the_itRrhs in [eapeCG-to-which such-amuun.4 were
<br />depoaitad: The wms paid to. Mortgagee hereunder are pledged as additional 'security for the.indebtedness secured 6ythis _ -
<br />_- Mortgrp. Mori{r,gorshah pay to Mortgagee the amount of any deflGeney between the actual:taxes, assessments,. insurance. -
<br />- - prcmiumsnrd gssrundrenta sad the deposits hereunder wilhtP 10: dtrys'aftet:demendis merle.upon"Mortgagor,requesting
<br />payment thenv,f.
<br />. 6. Raprir, AtaintarraoiY and Use. '1'o promptly repair,.Y+askore_or;rebind atiy buildings or imprpvemenianowor
<br />- -~ herr+aftrr on the tropyrtv; to keep the. Propertyy ingooA condition aitd repair, without writs!,, andhee.-from 1gecEtaniio'sor
<br />. oibgrtieru not exproscly suburdiruted tothe livn hereof; not to make, suffer or pitrmit_any- natsanee. W exist, nor W dimity-
<br />ish or Impair the rata: ~f the Rnprety byahy, r,ct or omisrron toret;•and to comply with a2i.nquirements of law with
<br />reap.rttr> the Properly. .
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