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<br />MORTGAGE ~ QV1~g~
<br />This Mortgage is entered into between Orlienne B. Dimmitt,
<br />a single person, (herein "Mortgagor"), and Elizabeth G.
<br />Bosselman, (herein "Mortgagee"}.
<br />c9ortyagor is indebted to Mortgagee in the principal sum of
<br />Twenty-Eight Thousand Dollars ($28,000), evidenced by Mortgagor's
<br />Note dated May 1, 1989, (herein "Note"}, providing for payments
<br />of principal and interest, with the balance of the indebtedness,
<br />if not sooner paid, due and payable on May 1, 1989..
<br />To secure the payment of the Note, with interest as provided
<br />therein, the payment of all other sums, with interest, advanced
<br />by Mortgagee to protect the security of this Portgage, and the
<br />performance of the covenants and agreements of the Mortgagor
<br />contained herein, ,'dortgagor does hereby mortgage and convey to
<br />Mortgagee the following described property located in Hall County,
<br />Nebraska:
<br />Lots :'wo (2) and Three (3) in fractional
<br />Block Twenty {20) in Baker's Addition to
<br />the City of Grand Island, Hall County,
<br />;debraska.
<br />Together with all buildings, improvements, fixtures, streets,
<br />alleys, passageways, easements, rights, privileges and appurtenances
<br />located thereon or in anywise pertaining thereto, and the rents,
<br />issues and profits, reversions and remainders thereof; including,
<br />but not limited to, heating and cooling equipment and such personal
<br />property that is attached to the improvements so as to constitute
<br />a fixture; all of which, including replacements and additions
<br />thereto, is hereby declared to be a part of the real estate se-
<br />cured by the lien of this Mortgage and all of the foregoing being
<br />referred to herein as the '"Property".
<br />;9ortgagor further covenants and agrees with Mortgage as
<br />follows:
<br />1.. Paymernt. To pay the indebtedness and the interest thereon
<br />as provided in this Mortgaye and Note.
<br />2. Title. Mortgagor is the owner of the Property, has the
<br />right and authority to mortgage the Property, and warrants that
<br />the lien created hereby is a first and prior lien on the Property.
<br />except as otherwise may be set forth herein.
<br />3. Taxes, Assessments. To pay when due all taxes, special
<br />assessments and all other charges against the Property and, upon
<br />written demand by Mortgagee, to add to the payments required
<br />under the Note secured hereby, such amount as may be sufficient
<br />to enable the Mortgagee to pay such taxes, assessments or other
<br />charges as they become due.
<br />4. Insura:zce. To keep the improvements now or hereafter
<br />located on the real estate described herein insured against
<br />damage by fire and such other hazards as Dortgagee may require,
<br />in amounts and with companies acceptable to the ^iortgagee, and
<br />with loss payable to the Mortgagee. In case of loss under such
<br />policies the Mortgagee is authorized to adjust, collect and
<br />compromise, in its discretion, all claims thereunder at its
<br />sole option, authorized to either apply the proceeds to the
<br />restoration of the Property or upon the indebtedness secured
<br />hereby, but palrnients hereunder shall continue until the sums
<br />secured hereby are paid in full.
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