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<br />$Z. t) C~ 2 2 91 MQRTGAGE
<br />Thib Mortgage 15en tered into between _ -avi ri T Tra 1- 7 y a d R- rhar~ A - Tramh 1 av
<br />_ Husband aimed Wife __ _(herein'"Mortgagor"}and
<br />FIVE FAINTS BANK
<br />--- ,_~nerein "Mortgagee").
<br />Mortgagor is indebted to ?Mortgagee in the principal sum of ~ ~ OCrf - 00 ,evidenced by Mortgagor's note
<br />dam __June 9 ,_ 198? (herein "Note"j providing for payments of principal and interest, with the balance of the
<br />indebtedness, it not sooner paid, due and payable on June 14, 1987 -
<br />Toseeurethe payment of the Note, with interest u protiided therein, the payment o[ all ether sums, with interest,
<br />adr~nced by Mortgagee to protect the security o[ this Mortgage, and the performance of the covenantr and agreements o[
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in __- 11x11 County, Nebraska: -
<br />Lor 1, .n Bishep Heights Subdivision, being part of the Southwest Quarter
<br />of the Northwest quarter in Section 11, Township 1L North, Range 1G West
<br />of the 5th P.M., Grand Island, Hall County, Nebraska
<br />To~efher with all building, improvements, fixtures, streets, alleys, passageways, easements, rightr, privileges and
<br />appurtenances lopted thereon or in anywise pertaini¢g thereto, and the rents, issues sad profits, reversions and remainders
<br />thereof; iaduding, but not llroifed to, heating and coding equipment and such personal property that is attached to the
<br />improvements w s to constitute a [isture; all of which, including replacemenu and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien o[ this Mortgage and all of the foregoing being referred to herciu as the
<br />..~~,,.
<br />Mortgagor further convenan4 aed agms, with Mortgagee, at _«lows:
<br />1. layreeot. To pay tine indebtedness and the interest thereon as provided in Chit Mortgage and the Note.
<br />2 Tito. Mortgagor is the owcer of the Roperty, has the right and authority to mortgage the Property, and
<br />warrants that the lien created hereby is a [test and prior Tien on the Property, except as may otherwise be set forth herein.
<br />f- The hoP+rty is subjeM to a Mortgage wherein - Pi ear Federal Lir aril n ____
<br />it the Mottggee, recorded at Book ,Page of the Mortgage Records of .l a 1 l Cortnty,
<br />Nebraska, which Mortgags is a lien prior W the lien created hereby.
<br />L Other prior Beat or encumbrances:
<br />3 Tam A~aaQaeata To pay when due all rases, specie! assessments and all other charges against the Property
<br />and, upon wetten demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may besufffcient LO enable the Mortgagee to pay such LaYCn, aacessmenla or other charges as :hey become due,
<br />t Lnsurance, To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by the and such other hazards rr Mortgagee may require, in amounts and with companies acceptable to the
<br />K¢rtgagee, sad with loos payable to the Mortgagee- In case of loss under such policies the Mortgagee is authorized to
<br />adjust, coiled and compromise, in its discretio¢, dl eLims thereunder at its sole option, authorized to either apply the
<br />.proceeds to the. restoration of the Property or upon eke indebtedness severed hereby, but payments hereunder chali con-
<br />dnue until the sous severed hereby are paid in full-
<br />5_ ^ [iscrow For Taxes and irisurantt. Notwithstanding anything contained in para~aphs 3 and 4 hereof to the
<br />contrary, Mortgagor sha11 pay to the Mortgagee at the time of paying the monkhly installments of principal and interest,
<br />one-twelfth oC the yearly !azec, asseestnents, hazard insurance premiums, and ground rents (if any) which may attain a
<br />pdarity over this Martgige, ail rm reasogably estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />held by the. Mortgagee withmt l¢terest and applied to the payment of the items in respect to which such amounts were
<br />deposited: The some paid to Mortgagee hereunder are pledged u additional security foe the indebtedness secured by this
<br />Mortgage. MnrtgagorshaU pay to Mortgagee the amount of any oefrcienxy between the actual taxes, assessments, insurance
<br />premiums anQ ground rents and. the deposits hereunder within l0 days alter demand u made upon Mort~agar requesting
<br />pary'ment thereoL
<br />- B. Rairair, Mdnteoaaee and Dee.. Ta promptly repair, rnstore or rebuild any buildings or improvements now or
<br />hereafter oa lire Properly; to keep the Property in good conditicr, nod repair, vri thaui. +vaste, sad free from mechanic's ar
<br />othsrlieus nut eapressly s;r'bordituted to the lien hereof; not to ma>za, softer or permit any nuisance to exist" nor to d_imin-
<br />ish oT impair the valve of the Property by any act or otaissioo to sot; and to comply with alt regtai rc meats of law wit,^.
<br />respect W.Ure Property.
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