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<br />a~tax~rcacE ~2 .o t ~ C~ 1 '7 5 2
<br />This 3ortgage is entered into between Jon n. Faker and Sharon L. $akex ,
<br />~~itc-.han ~. ,~lld Tvif2 -_-- _ ~ _ I;hemin "Martgagor") and
<br />__~I[TE I?OIAITS BAIdIi
<br />- ----(herein "Mortgagee"j.
<br />MOrfgagor is indebted to Mortgcgee in the principal sum of ~ i d. 463.27 ' ; evidpnr_ed by Mortgagor's note
<br />dated- 4i411~.!~-_-thetem"Note" mvidi^ for a mentsof rind
<br />P g p y p paw andsaterest, with the balance of the
<br />indehLadness, if notsooner paid, due and pr.yable on 10 ' 2, /&'
<br />TOSecure the payment of the Note, with interest 95 provided therein, ffie payment of atl other sums, with interest,
<br />advanced by Mortga(ce to protect the security of this Mortgage, and the performance of the cecenants and agreements of
<br />the MOrtpgor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the iolto:ving described
<br />propeety located in Hal l__ _ _
<br />-- County. Nebraska:
<br />Toe Easr Owe--Half (E'~} oY Lot Ele~aen ;11) and the West~38:25' of Lot
<br />Tea (1.0}, Block Six (6), Ashton Place, Citg of Grand Island, Ha11
<br />County, \ebrasica
<br />Together wish ail buildi~, itoprovetnenta, fixtum, stmets, altrys, passegetirays, easements, rights, privileges and
<br />aPPr~~* located thereon or to anytaue pcrsainitxR thereto, and the mots is~ucs and. prof ts, reversions and remainder
<br />thereof: indudia~, but not luwted to, heating attd cooling equtQment and such persotiai `property that is attached#o ti:e
<br />ireproeemeab so as to corutlwtr a fixture; ail of w±hieb, including rrpiacrments aad'additirrns thereto, is hereby declared
<br />W be a part of the real estate secured by the hen gfthis Mortpr~e;andali Of the fnreRnrng being referred to herein u Lhr
<br />«h'opertY...
<br />111orl~or t'urthar corrreaaea and agreess, with Mart~a~ur aatatlows:
<br />1_ Tarrawl. To pay the iadrbtedoeaa and the rnlerr>L ihrrtwr ra provided in th:s Mortgage and the Note.
<br />2. TfYe. is Ute owner of the Property, has the ntft and authority to mortgage the Property, and
<br />warrasOr that the lien created hereby u a first and prwr hen On the Property, except as may otherwise be set forth herein.
<br />u`-t The -toperty is sub/ect ioa Morya{e wturrm _ .__D13tlti'~I:a91...__~',Sitk,,.4L_S;gyltoEice. Lincoln 'JE
<br />is tie Mort~yse, reworded ~[ Nook ~_~ . hRe .._. - _ __ of the Mnngage Records of __ __ vial ]_._ CottnLy,
<br />Nebeaatt, wlrlch kfiatpNe r: a lice prior Lo the lien cmtrd hcmby.
<br />^ OtYrr prior liana or encurabrances: _ ___ _ .- _ _ . _.. _ ..._ _ _ .._ _ _--
<br />3. Twa, Aasaerr/a, TO pay wfien dtte aN iaxes, special asaeasrnents and aif otJter charges against the Property
<br />wed. upon writtttt demutd byMoK~a~ee, to add to the payments required under the Note stt°ured hereby, such amount as
<br />taalr be aufdefeat to eoabie the Mort~yee [o pay such taaew asscssmen's or other charges ax they become due.
<br />L. Irraaee. 'CO Peep the improeetnents now or hereafter locale-d on the real estate described herein insured
<br />gaiaat daotye by tree wad strcA other haxatdr as Mon~gee may require, in amounts and with companies accrplaWe to the
<br />lI(eri~e, wed .with ;oaa- PaYehk W the Mortar. In cax of ies+a under such policies the Mortgagee is ruthorized to
<br />adjist, catiect and comgroerire, in iu diserHion, ail cWnn thereunder at iLS sole opuoa, authorized to ertherapply the
<br />peoeeeds b the rntuattue rr(-the Property or upon the indelKedocas secured hereby, but payments hereunder shall con-
<br />.. trlatte taef3t t>fe srttas assured hereby are paid in foli.
<br />S- `7 FJeros- For Tawas wad laaarasoe, tiot~rithstanding anything contained in paragraphs 3 and 4 hereof tc the
<br />contrary, b{artytgm shalt pYy to tlrc 1dOrtp~ee at the time of paying the monthly instaJlrtents of Principal and interest,
<br />oeerivnelIIA-of ~ Y~Y .truces, arerautecta,. hazard lnsurahte premiums, and ground rents (if anyy which may attain a
<br />P~~tY Omer th+a Mort~s~r, tll as reaarrnabty estimated from time to time b the Mon
<br />y gagee. Thr amounts so paid shad he
<br />heM'bY the i1ROrtas~ee witAgµ iriteNa4 and appkipd t2 the payment of the iterm ir, respect So which such amaunu were
<br />~~' ~'~~ A~ ~' ~lortpera herevtade[ err pledsed an adr7itio:,a1 security for the indeirtedness secured bar this
<br />liortp~r~ JbertiTagorshaA pay to Uto+tppMr she amiwnt of any drficiencp betwtvn the actual taxes, asaeattnents, irsurxnce
<br />!' ttad «rora!f rents aBd the depcalls hereunder within 10 days after demand is made upon Mortgagor requesting.
<br />paYuxnt ti'trnrot.
<br />b: R><wrr,.Alaiastastsoee sad L'-ss. To t>romptiy repair, restare of rebuild any boilaini~ ++r improvemen s now rir
<br />aetealter.nn: for l4etq,rrty: ta. kcrgtlx Proprr:y in traod condition and repair. vriitaovr waste, sod tm• frutrc trurhat;ic'< ur
<br />oEhctli~tarrcrtrxpresaty subordinated t0 Ibr lico-he;~f;, not to make. sn7ar w permit way nuisance t4 exist, no- to trzun-
<br />- cw' maprkr tJbs.rduc of the d'ettperty by any act nr unt~tan to aci; and. to co¢npiy ~~th as rr<{uin~me5ats-a( ;aw 'kith
<br />fCff~el.'t F4 la'Fr f"r.~rty.
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