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MORTGAGE $ ~ ~ ~ {.l ~ ~ ~ ``~
<br />This Mortgage is entered into between pavid N. Lillienthal and E1_len K. Lillienthal,
<br />Husband and Wife of Each Other, and- Eacts in His and Her Own Right(herein "Mortgagor") and
<br />POINTS BANK
<br />(herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of ~ 8.500.00 "evidenced by Mortgagor's note
<br />dlated 2 /23f 82 _ (herein "Note") providing for payments of principal and interest, with the balance of the
<br />iladebtedness, if not sooner paid, due and payable on 5 /24 / 82
<br />To secure the payment of the Note, with interest as provided therein, the payment of all other sums; with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />tlhe Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in _ Hall County, Nebraska:
<br />Lot Three (3), and the Easterly Two and Eight Tenths Feet (2.8') of
<br />Lot Four (4), in Block Six (b), Gilbert's Second Addition to the City
<br />of Grand Island, Hall County, Nebraska
<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 remainder
<br />thereof; including, but not limited to, heating and cooling equipment and such personal property that is attached to the
<br />improvements sa as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a pert of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />"Property"•
<br />Mortgagor further c,pnvenants and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and. the interest thereon as provided in Lhis Mortgage and the Note.
<br />2. Tittle. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants chat the lien created hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />® The Property is subject to a Mortgage wherein ._ __._E6ll1 t 31~~.~~~dg - & Loan
<br />is the Mortgagee, recorded at Book ~__ ,Page _ ____.. _ __ of the Mortgage Records of __ Ha ,1, County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />^ Other prior liens or encumbrances: ______ _.. __
<br />3. Taxes, Assessments. To pay when due all taxes, special assessments and al! other charges against the Property
<br />and,. upon written demand by Mortgagee, to add to the payments required under the Note securedhereby, such amount as
<br />may besuf$cient to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the rest estate described herein insured
<br />against damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee, anal with. toss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />`adjust, collect and: compromise, in its discretion, ail claims (hereunder at its sole option, authorized to either apply the
<br />proceeds to the restoratign of the Property or upon the indebtedness secured. hereby, but payments hereunder shalt con-
<br />time anti! Lhe sums secured hereby are paid in full.
<br />S. ^''Eserow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br />_ ~.R....t~_. r.grl ., „ t.^, the "4.o;so~ a~ L`:~ t....,. ^r ~ Ong tha monthly t.,sew~l.~enw ..f principal and interest.
<br />one-twelfth of the yearly taxes, assessments, hazard insurance premiums,. and ground rents (if any) which may attain a
<br />priority over this 'Mortgage, s1l.as reasonably estimated €rom time to time by the Mortgagee. The amounts so paid sita}i be
<br />" need by the Mortgagee without interest andapplied.,to the payment of the items in respect to which such amounts were
<br />deposited. 'l'Sx sums paid to Mortgagee hereunder are pledged as additional. security foe the indebtedness secured by this
<br />Mortgage. Moctgagor shalt pay. to Mortgagee the atnnunt of any deficiency between the actual taxes, assessments, insurance
<br />prerniuar,, and ground rents and the deposits hereunder within 14 days after demand is made upon Mortgagor requesting
<br />payment thctepC.
<br />G. Repair,. MajnGenance.. and 1;#se. To..promptly repair, restore or rebuild any buildimgs or improvements now or
<br />.hereafter nn the Property;: to keep the Property in good condition and repair, without waste. and Free Inrm mechanic`s or
<br />other Iia~ns nu'. expressly subordinated tothe lien bases(; not to make, suffer or p?rrnii anu auisancw to natist, nor to 3imin-
<br />ish err impale Sire value of the Property by any act or omission to act; and ctr r:omply with a1S requirenreats of !aw with
<br />resper:t ta. the Praperty,
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