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<br />83-0 0 3'63e'
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<br />MORTGAGE
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<br />83-004463
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<br />TIlls Mortgage is entered into between
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<br />Husen, A Single Person.
<br />(hereill"M<lrtgagor,h~ci;. '.,
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<br />FIVE POINTS BANK
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<br />- ". . . .
<br />(he~in"~o~':'J;
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<br />Mortgagor is indebted to Mortgagee in the prinCipal sl1mof$ 61,000 .00
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<br />dated 7/71wl (herein "Note") providing forpaymtmtsof principal andinterest,withtbeballln!leoUbe<
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<br />indebtedness, if not sooner paid, due and payable on August 1; 1988
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<br />TOSe~;ji;l::;;' i\16:ihterest as proVided therein, the payment of all other s~;withintereSt,
<br />advanced Iiy Mortgag~ t '~qf~iS Mortgage, and the performance of the covenantsllIld. agreemen~of
<br />the Mortgagor controle 0 agor"does hereby mortgage and convey to Mortgagee the.following.dl!!lcribed'
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<br />property located in
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<br />H",ll
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<br />County, Nebraska,
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<br />A tract of land comprising a part of the Northeast Quarter of the SoUtheast
<br />Quarter (NEtSEt) of Section Twenty-Seven (27), Township Eleven (11) North, Range
<br />Nine (9) West of the 6th P.M. in Hall County, Nebraska, more particularly
<br />described as follows:
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<br />Beginning at the northeast corner of said Southeast Quarter (SEt); thence
<br />southerly along the east line of said Southeast Quarter (SEt), a distance of
<br />Six Hundred Eighty-Four and Forty-Four-Hundredths (684.44) feet; thence deflect-
<br />ing right 91044'38" and running westerly, a distance of Five Hundred Ninety-
<br />One and Nineteen-Hundredths (591.19) feet; thence deflecting left 17028' 16" and
<br />running southwesterly, a distance of Eighty-Five and Seven-Tenths (85.7) feet;
<br />thence deflecting left 53054'38" and running southwesterly, a distance of One
<br />Hundred Forty and Six-Tenths (140.6) feet; thence deflecting right 70052'31"
<br />and running westerly, a distance of Five Hundred Ninety and Ninety-One-Hundredths
<br />(590.91) feet to the west line of said Northeast Quarter of the Southeast Quarter
<br />(See Attachment)
<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, including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />uProperty" _
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<br />Mortgagor further convenants and agrees, with Mortgagee, as follows:
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<br />L Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
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<br />2, Title, Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants that the lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
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<br />o The Property is subject to a Mortgage wherein ---,'-,,--'--
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<br />is the Mortgagee, recorded at Book , Page ___..._,_ of the Mortgage Records of
<br />Nebraska, which Mortgage is a lien prior to the li"n created ht>reby.
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<br />County,
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<br />o Other prior liens or encumbrances: _____.
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<br />3.. Taxes, Assessments.. To pay when due all taxes, special assessments and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be. sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
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<br />4.Ifl5lIrlIII!le. To. keep the improvements now or hereafter located on the real.estate described herein insured
<br />!lWli~ ~.agebylire and such. other hazards as Mortgagee may require. in amounts and with companies acceptable to the
<br />M9rtgllglle, an!! with loss payable to the Mortgagee. In. case of loss under such policies the Mortgagee is authorized to
<br />adjust, collect and compromise, in its discretion, all claims thereunder at its sole option, authorized to either apply the
<br />~t().t/le J:llStol"l!fion of.,the.Property or upon the indebtedness secured hereby, but payments hereundershall con.
<br />~ue.. until the,s~ secured hereby are paid in full,
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<br />. . .. .1); . O..~i'9wfm: Taxes and. I.liSurance. Notwithstanding anything cont;lined in paragraphs 3 and 4 hereof .to the
<br />CPn~,~9,~()rsb!lllpaY totlie. Mortgagee at the. tillle of paying. the monthly installments of principal and interest,
<br />Qne.tiel~o~t!lce,yel!!lYb!;es,~~en~bazlll:!iinsl!pmce premiums, and ground rents (if any) which may attain a
<br />llri9,rityove.ri!:\isl'd9rtpge, all as reasonably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />lI\!M.\)Yth~l'd!l~e..with()\lt. interest. and applied to. the payment of the items. in respect to which such amounts were
<br />~e~t.e.<l''f'I!.!:s~~I!ll!<lto~rtgaglle hereunder are pledged as. additional security for the indebtedness secured by this
<br />t.l~rt~, r,~allpaYto Mortglll:ee the amount of anY. deficMncy between the actu!ll taxes, asse~ments, insurance
<br />'PJ:l!!l;II!Jl!lll ndrentsandtl\e deposi~ Mreunder within IOllays after demand is made upon Mortgagor requesting
<br />Parll1en~ . .
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<br />r""~,r~)~tjmanll!l,.UMl' To Jl!OI'lptly repair, restore or rebuild any buildings or improvements now or
<br />lI.e~~~!l:tbjl,JI!lpe.rty.;to keep the l1oPert.ymgooqcon(\jtiot!and repair, witho\\twlISte,and free from mechanic's or
<br />. qt/l~Il!itI!1S !\ot.express~sll,~~~t,edtqthe lien herepc;n9t tomaite, sufferot.permit any nuisance to. exist, nor to dimin.
<br />ish. orj~r.t!1~v~l!\!o(.theptopeJtybyany.a\!totOmisJlonto act; and to. comply with aU requirements. of law with
<br />le$l!C\ to. the Property , , .
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