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<br />83-_006211
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<br />MORTGAGE
<br />
<br />This Mortgage is entered into between OWEN E. KILGORE and
<br />ARLENE C. KILGORE, Husband and Wife, each in his own right and
<br />as spouse of the other, (herein "Mortgagor") and ELIZABETH G.
<br />ElOSSLEMAN (herein "Mortgagee").
<br />
<br />Mortgagor is indebted to Mortgagee in the principal sum of
<br />Twenty Thousand Dollars ($20,000.00), evidenced by Mortgagor's
<br />Note dated November 20, 1983, (herein "Note") providing for pay-
<br />ments of principal and interest, with the balance of the indebt-
<br />edness, if not sooner paid, due and payable on October.20, 1993.
<br />
<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 Mortgage, and the
<br />performance of the covenants and agreements of the Mortgagor
<br />contained herein, Mortgagor does hereby mortgage and convey to
<br />Mortgagee the following described property located in Hall County,
<br />Nebraska:
<br />
<br />Lot Three (3) in Cleveland Street Subdivision
<br />in Grand Island, Hall County, Nebraska.
<br />
<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 secured
<br />by the lien of this Mortgage and all of the foregoing being referred
<br />to herein as the "Property".
<br />
<br />Mortgagor further covenants and agrees, with Mortgagee, as
<br />follows:
<br />
<br />1. Payment. To pay the indebtedness and the interest thereon
<br />as provided in this Mortgage and the Note.
<br />
<br />2. Title. Mortgagor is the owner of the Property, has the
<br />right and authority to mortgage the Property, and warrants that the
<br />lien created hereby is a first and prior lien on the Property,
<br />except as may otherwise be set forth herein.
<br />
<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 under
<br />the Note secured hereby, such a~ount as may be sufficient to enable
<br />the Mortgagee to pay such taxes, assessments or other charges as
<br />they become due.
<br />
<br />4. Insurance. To keep the improvements now or hereafter
<br />located on the real estate described herein insured against damage
<br />by fire and such other hazards as Mortgagee may require, in amounts
<br />and with companies acceptable to the Mortgagee, and with loss
<br />payable to the Mortgagee. In case of loss under such policies
<br />the Mortgagee is authorized to adjust, collect and compromise,
<br />in its discretion, all claims thereunder at its sole option,
<br />authqrized to either apply the proceeds to the restoration of
<br />the.ProPElrty or upon the indebtedness secured hereby, but payments
<br />hereunder shall continue until the sums secured hereby are paid
<br />in full.
<br />
<br />s. Escrow For Taxes and Insurance. Notwithstanding anything
<br />c;ontained in paragraphs 3 and 4 hereof to the contrary, upon writt.en
<br />demand by Mortgagee, Mort.gagor shall pay to the Mortgagee at the
<br />ti,Jue of paying the monthly installments of principal and interest,
<br />
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