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~2=i;~~?39~
<br />MOR'T'GAGE
<br />This Mortgage is entemd into between _,2~IIII1_~E. Nielsen and Connie L_ Nielsen,__
<br />H ~s~band _ansLS~ifc As Joint Tenants and not as tenants in commen(herein "biortgegor") and
<br />FIFE POINTS SANK - -- --- -------.---- ---therein "Mortgagee").
<br />Mortgagor i_< indebted to 3ortgagee in the principal sum of $. 30 ~ 000 •00 ,evidenced by Mortgagor's note
<br />dated June 14, 1982_ (hetin "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payaole on 'December 11 , 1982
<br />To secure the payment of [he Note, with interest as provided therein, thz payment of all other sums, with interest,
<br />advanced by Mort;agee to protect the security o[ this Mortgage, and the perfot~nance of the covenants and agreemer.[s of
<br />the Mortgagor contained herein; Mortgagor does hereby mortgage and convey to Mortgagee the followingdescribed
<br />property lopted in Hall _ Oounty, Nebraska:
<br />Lot Three (3), in Black Three %3), in "County: Club Subdivision," being a part
<br />of CheEast Half of the Northc:est Quarter (E'~„NL:'-~) of Section Twenty-Eight (28),
<br />in Township Eleven (11) North, Range :v'ine (9) Wes,: of the Sixth P.Af.
<br />Together with all buildings, improvements, firc.Wres, streets, alleys, passageways, casements, rights, privileges and
<br />appurtenatrcra located thereon or in anyy~ise pertaining hereto, and the rents issues and profits, reversions and remainders
<br />thereof; including, but not limited W, hea4ng aadticaoliog equipment and such personal property that is attached W the
<br />improtemen,'s so as W constitute a fixture; all of which, including replarnmentr and additions thereto, is hereby declared
<br />W be a part of the real estate secured by the lien oPthis Mortgage end all of the foregoing being re [erred Co herein as the
<br />:.~~Y,,.
<br />Mortggor further convenants sod agrees, with Jlortgagee, as loll^ws:
<br />1_ Payment To pay the indebtedness and the interest thereon a_s provided in this blongage and the Note_
<br />2. Tille_ Mortgagor is the owner of the Properly, has the right and authority to mortgage the Property, and
<br />warrants that the lien created hereby is a first and prior lien on the Property, except ac may otherwise be set forth herein.
<br />%~ The Property is sub~ecl toaMortgage wherein -._-€-a,x~t-.F~zde>:al_.Satings `- r „~„ ~ f r incoln
<br />lathe Mor Doc. ;k7b-DOSS ~1 ~~~
<br />Lgagee, mcorded aE(I~ObcXxxxxxxlttta~arxxxxxxx of the Mortgage Records of __~L311__~ County,
<br />Nebnal[a, which Mortgage is alien prior to the lien orated hereby.
<br />^ Cltherpriorliensore.ncumbrances:__--..--_---_ ---..__---
<br />3. Ta:ea, A»[-rfa+neats. To pay when due all taxes, special assessments and alt other charges against the Property
<br />and, upon written demand by Mortgagor, to add to the paymentr required under the Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they txcome due.
<br />4_ Ieaurance. To keep the improvementr now or hereafter located on the real estate described herein insured
<br />against damage by Ctre and sucltother hazards as Mortgagee may reyui re, in amo~u~ts and with companies acceptable io Lhe
<br />Mortgagee, and: with lost payable W the Mortgagee. In case. of loss under such policies the Mortgagee is authorized to
<br />adptct, cdlect and compromice,in itr disc=etion, all claims thereunder at its so{e option, authori~xd to eitherapply the
<br />proceeds W the. resteratioc o[ the Properly or upon the indebtedness secured hereby, but paymcntr henund^_r shall con-
<br />time uatilthe sutras secured hereby are paid in full
<br />5. ^ Frerow.. For Taxesand Insurance. Notwithstanding am~'lung contained in paragraphs 3 and 9 hereof to the
<br />contruy, Mozt{ayor shall pap tothe Mortgagee at the time of paying the monthly installments of principal and interest,
<br />_ one-twelfth o[ the yearly Taxes, assessments, 4a~ard inusurance premiums, and ground rents (if any) which may attain a
<br />prSority over this blortgaje, all. as ressonab[y estimated from time to time by the Mortgagee. The amounts so paid shill be
<br />held-6q isle Mortgateewithout interest and appli!~d to the payment of i,he items ir. respect w whirh such amounts were
<br />depostted_'Thesums paid to A4ortgagee hereunder are pledged as additiottal sacunty~ for the indebtednessc secured by this
<br />Mnrt~e. Aip[tgagorshail pay txr Mortgagee-the amounf of any deficiency between the actual tar's, assessments, insurance
<br />pt4m€uvu. and. ground rents and,the deposits hereunder within 1(l days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />b. Repair, ~faiwtenance and Lse_ 'Po promptly repair, reswre or rebuild ary buildings ter improveme^ts nax or
<br />- he rcafhrr on the .Property; Co keep the Property in good condition and repair, wEthout wait, , ar.d heu~ from mechanic's ur
<br />othcc Fa`2v not i~xpn~sxty sutrordinated to the lien hereof; net to mate, suffer cr permit an :Uisance to ~:~st, ^or to Junin-
<br />istt or impair chc valor of the Property by ang act or?mLcsien t<? set: a::3 t~ curttpiy with ;dl cequiremrn[s of Taw wil6
<br />respect w thz Property.
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