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<br />84...... 002542
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<br />MORTGAGE
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<br />This Mortgage is entered into bt>tween ______~&S. Partnerspi p
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<br />(herein "Mortgagor") and
<br />-~___________ _____(herein "Mortgagee "),
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<br />___~~~_I:QJNTS__"JL~~____._,_ ____ ~__.
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<br />Mortgagor is indebted to Mortgagee in lhe principal sum of $ .25. 000 . O~_ , evidenced by Mortgagor's note
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<br />dated 5/1.c.?.:L____ (herein "Nole") providing ror payments or principal and In..resl, with the balance of tbe
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<br />indebtedness, ir not sooner paid, due and payable on__~m~__,
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<br />To_ till> payment of the Note, wi~h interes~ as provided therein, the payment or aU other sums. with interest,
<br />advanced by MGrqagee to pro~ec~ the securi~y or this Mortg.ge, and lhe perform.nce of the covenants .nd agreements of
<br />the Moft!Iilltif"'contained h..reln, Mortgagor does h..reby mortgage and con.ey ~o Mortgagee the following described
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<br />property located In -l.la.Ll-~_______~~,_. .__~ Counly, Nebraska:
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<br />OffIce Unit C-2 1n the Grand Island Doctors Bu~ld.lng Condominium
<br />Property .Regime, Lot 1, Saint FrancIs Medical Subdivision, City of
<br />Grand Island, Hall County, Nebraska, as detined in the Master Deed
<br />Creating Grand Island Doctors 8uilding Condominium Property
<br />Regime, lncorporated here~n by this reference.
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<br />'racether wl1.h aU bulldmgs, Imprtl\'{-'mt"nL.\~ fixtures~ strt"eb. alleys, passageways, easements, righ"'. ~vileps'an-~,-'
<br />appurtenances located thel't'Otl or In anywlSl> pertammJ{ thereto. and tht'- rents is.s-U\lS and profits. reversions-ud--~~',:;,
<br />me"",f; iI!~l..din(, but not limited to, heaung and cooling equipment and $ucbpetSOnal propeJtylba~ is;.~'~""j' C:'
<br />improvements so as to consti~ul.<' a fjl<wre; all or wbich, including ,"plowmen IS .nd .dditlOQSlhereto;i.h~...Vl!!,:,~~f,,::;
<br />10 be a part or Ibe real estate 5<'Cured by lhe lien or tbis MOl'lgag<>.lld aIIofthe foregoingbolilla:re"'rnocI;.tO:biI~~"::':>':-,i;:~:'
<br />"Propel'ly", - - ~ -
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<br />Mortpeor further convenantl> .nd agrees, w.th Mort~,as follows:
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<br />1. Payment. To pay the Illdebtedness and th.. int....t lheroon as provided in this r.fonpee an~the~ N'!)Ie,(
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<br />2, 'flUe, Mortaaaor is the own." or the !'roperty. h.. lhe right and authority to moncaaethe~JtY'anll:
<br />warnnts that the lien created hereby is a fj..~ and prior hen on lh. !'roperty ,,,,,cept as mayotherw~ 'beael: foril>:_~:, __ : _
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<br />o 'The Propo:rty is subject loa Morteae.. whe"'ill ,_'
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<br />is the Mor..., nocorded at Book ____ __ ~~~ , Pall" _ of lbe Mortgall" Records or
<br />N.braska, whid, Mortga&e is. lien prior 10 th.. h..n crealed hereby_
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<br />o Oth"" prior lieQS or encumbran<es: _
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<br />coUlItti' :
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<br />;--\ ,---,
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<br />-.. ~...._---,_.._-~-~.__._--,-..,_.-------.--~~-~~~ :
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<br />3. Taus. "--Is. To pay wlt..n d"" allla"los, special_ents.nd all "ther cb.lCtiapi~SI_th!l~:'
<br />and, upon written demand by Mort&a&ee, to add to lhe paym..nts req\liredunderJhe Note se<:l\ltd:henby,',~\l'\b~is,~:
<br />iUA)' b(: au.!fkrent to en:b!e t..~ ~41' to ~y such taxPS! assessmen~ 0.'- otb~r (}~es.as:U"?)'-J)e~.._,,~~it,;
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<br />4, I_ce. To keep the improvements now or hereafter located on the real es!a!t'_de5i:ri""d."e~iDillSl!n!d
<br />aga1n5\ dalpace by Ii.. and sueh other huards as Mortgagee may nequire, in amounts and witht'<lmpaniesa"",pl!obl\!.to,t!\e
<br />htoncacee, and with lOilS payable to the Mortgagee, In case of 1= under such policies the Morta.... is .u~Oi:i~<<llo
<br />~,collect and comprololoe. in its discrelion. all claims lhereu'1der at its sole optiou.autho'ized,to,eil~~r"PI!l~Jbe
<br />prt,tceedsto. the resl9ration oC ~he Property or upon the indebtedooss~n(ed h.,,,by. buq")'~nt$ he'!ll!4~~~AA;~,"
<br />linue \lnW thuum....cured hereby a"" paid in fulL .. ..
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<br />5. 0 ~ow For T..... aDd Insurance. Notwithstanding anything contllined ill. para~l!bs3. ...d,4 it"",,,! i<>the.
<br />~.M~r sballpay to t\teMo~ at tltetime or paying the monthly' .inst.lIments of P\'inci~."nd:inte...
<br />~twelfth. of the yearly taxes, ___is. h~ illS\ll'llDcepremiulDS, &lId ground rents (if any) which",.)'. .ll'll!"
<br />P<l.ority 0"" this Morqage, all as reasonably esUmalmi !\'om HOte lo lime by the Morll8&<*. 'The arnoulIIuo,paid iIh!lIl,be
<br />1td4 by th.Mort...., without iute_! and .ptilied to lhepayment of the items in...spect to whicbouch .moullts Were.
<br />~liId,1'\Ii! $ulDSpald to Mo~ he"'Ut\~ .re pledit'd as addiUon,tJ ~ulity for the ilidebtedn.... $e'''I~.by.thi$
<br />~, ~jball pay to Mo.... thelllllQUnt or anY deficiency between lh. .ctll4l t&/leo. assc_nts,.ltlil\l~Il'lt\
<br />JIl'fl''''\IIJlJ&f!d ~'II,d n>illA and lhl! ~lo hereunder within 10 day. .ne,r de/Oalld is~de!lpon Muna..9f re<l~tlnl
<br />J'itY._t tlMoteot
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<br />&. ~,.Maill~and U., 'fuPl'OllIptly ",pair, I:I;$to", or rebuild any buildings or Imj)~v.lIl.nts now or
<br />h~ ~. the .~; !P ke"P !lie P""pett)" in &9Od conditlou ..nd ....pair. without ....te. lIUd free flOll> !ll<'<',"'"lic'. or
<br />~r lltil;> not .x~, ~u!wfdltW!~ 10 th~ l!e~ b~of;.llOlto ~ke, SUffu or perntll an)' nul..""" lo ."isl. nor to dilnin,
<br />i;lh \lilt l~ th, '''''l'I' or u.., PlOlk'rty Ity allY act 0{ ~on to a<;t.. and to comply will. aU ,,'quire_"ls of Ia:w wilh
<br />......,1 !P tht.< ~",y,
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