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MORTGAGE ~A _ ~~~7
<br />This Mortgage isenkredintobetween Vlassy K. Patsios and Doris June Pa[sios, .Husband
<br />and Wife as Joint tennants
<br />with righ[s of survivorship {herein "Mortga;or")aad
<br />Five Points Bank (heroin"Mortp~ee").
<br />Mortgagor is indebkd to Mortgagee in the principal sum o[ $ 20 , 000.00 ~ evidenced by Mortpjjbr's-note
<br />dated April 9 , 19$4 (herein "Note^) providing for payments ofpn'ncipd and interest, with. tltrbdinck Qt:)he
<br />indebkdness, it not sooner paid, due and payable on Ap r i 1 12 , 1987 - -
<br />Tosecurethepayment of the Note, with inkrcst as provided therein, the paymentot.aB o8ter.suma; siitti inGteat;
<br />advanced by Mortgagee ro protest the security of this Mortgage, and the perfomtanee of the cove~tttsaattd'agreaasants of
<br />the Mortgagor contained herein,_Mortgagor does- hereby mortgage artd convey- to" Mortpgee'tf:e~ [clbtRl!t[ dtaarib~d-
<br />11 ~ ~~"'yln;~,
<br />property locakd in ~' 6itdi-'j~iNebraska:
<br />. ~;'tw=r
<br />The E47.28' of Lot Nine~(9) and the West 24.15' of Lot
<br />Eight (8), West Spelts-Schultz Addition to the City of
<br />Grand Island, Ha11 County, Nebraska
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easemertis, rights, prisiliges-ard
<br />appurtemmces located thereon or in anywise pertaining thereto, and the rents issues and pro6ta; rerersimis°and'kemaiedua
<br />thereof: ittclurYng, but not limikd lo, heating and cooling equipment and such personal'. proPFKy fbat to attaeh~d to ~
<br />improvements ro as co constitute a fixture; all o[ which, including rcptacements and additions: thereEa; altepb7'dsalaad
<br />W he a part o[ the real estate secured by the lien of this Mortgage and all of the [aregoing:heinrj referred: tq-het~inastie
<br />,.property„
<br />Mortgagor further mnvenanfs and agrees, with Mortgagee, as [ollows:
<br />1. P.yment. To pay the indebtedness and the interest thereon as provided in this Mortgage and.fhe-Notes
<br />2. Tale. Mortgagor is the owner of the Property, has the right and authority l4 mortgage Lhe.Propetty; Md,
<br />warrants that the lien created hereby is a firs[ and prior lien on the Property, except as may othertviae beset foittp hatrio,-,
<br />^ The Property is subject to a Mortgage wherein _-_-..------ --- _ - - .... ~ ~_. -.
<br />h the Mort@igee, recorded at Book . ,Page -_----___ of the Mortgage Rev:orrk of !..
<br />Nabraaka, which Mortgage is a lien prior to the lien created hereby-
<br />^ Qther prior liens or encumbrancer. _-- _-- -- -_--- -T-_---~ i ,
<br />3. Taxes, Aaaaaments, To pay when due all taxes, special assessments and all oiber changes agaimt the PropeKy
<br />and, upon written demand by Mortgagee, to add to the payments required under the Nok-secured:hereby, such amount as
<br />may 6e w(ficient to enable the Mortgager to pay sash taxes, assessments. or other charges. as they become due.
<br />4 Inptrana. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by Gre and such other hazards as Mortgagee may require, in amounts and with companies acceptable lathe.
<br />and witb lass payable tq the Mortgagee. In. case of loss under such policies the Mortgagee is autt6oritad LO
<br />adjust, collect and compromise, in its discretion, all. claims thereunder at its sole option, authorized toeilherapplythe
<br />proceeds to the testotatioa of the Property or upon the indebtedness secured hereby, but payments hereunder shW con-
<br />tia~ until the sums secured hereby are paid in toll.
<br />6: Q Fiaop For Taxes and [notranor. Notwithstanding anything contained in paragraphs 3 and 9 hereo[.to the
<br />cmttfry, Mortgagor shall pay to the Mortgagee at the torte of paying the monthly instalments of principal and interest,
<br />ooe-twel;tlj tll` the- pearly taxes, assessmenjs, hazard insurance premiurrw, and ground ren}s (it; aa~) whidt may attain a_
<br />Qsiortiy' Deer thki Mortgage, all. as reasonably estimated from time to time by the Mortgagee.-The amounts so paid shall be
<br />held by the Mortgagee without inkrest.and applied to the payment o[ the items in respect to which such.amounts were
<br />depotitcd. The sutai paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Moetrye. Mortgtgoratkll pay t4 Mprtgattee the. amotmt of any deficiency between the actual taxes, assessments, irrsttpoce
<br />prtmloms urd gmupd rents and the deposits hereunder within 30 days afkr demand is made upon Mortgagor requesting
<br />pay [neat ti~reot.
<br />a I[apav,Maintaaance and Use, To piomptly repair, restore ar rebuild any buildings or improvements now or
<br />berea~ter uq the Property; to. keep. the Property in ~ eondkioa and repair, without waste, and free from mechanic's or
<br />o(herti~ns not expmasty subordinated to the lien hereof, not to make, ratter or permit any nuisance to exist, nor to dimin~
<br />ish or -impair the riylYa tlt Ute Property by any art or omission to act; and us comply with all requirements of law with
<br />respect to ihr Prnperiy.
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