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<br />MORTGAGE ~~ ~..~.+ li ~~ ~ E } c 1
<br />- This Mortgage is entered into between Arnold C. Wenn .and Linda C. Wenn, Husband
<br />and Wife
<br />-- ---
<br />----------- _ (herein "Mortgagor") and
<br />FIVE POIA'TS BANI: ____ (heneiti "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 5 ,:000.00-_ evidebced by Mortgagor's note
<br />dated __$,~~ /R~ (herein "No±e") previdivg for payments'of pr'tacipal and inteiest, with tde:balance of the
<br />indkbtedness, if not sooner paid, due and payable on~ 1 1 / 1 ! 32
<br />Taseeure the payment of the Nate, with infxresc as provided therein, thepayment of alt othersnrtu, with interest,
<br />advanced by !vortgagee to protect the security of this Mortgage, and the,petformahce of Lhecovehantsand agreements cf
<br />the Mortgagor contained herein, Mortgagor does hereb7 mortgage andconvey>to.Mortgagee the'.tollowing described
<br />property located in ~131.~---- -County. Nebraska:
<br />hoY One (1), Damson Addition to the City o€ Grand Island, Hall County,
<br />Nebraska
<br />and
<br />Lot Sever. (;), Block Fhxee (3j, Sout;t Grand~Island Addition to the City of
<br />Crand Island, Hall Ccunty~ ;vebraska
<br />Together wit}: all buildings, improvements, fixtures, street`s, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rents. issues and profits, reversions and n.mainders
<br />thereof; including, but not limited to, heating and cooling equipment and such personal property that is attached to the
<br />improvements sous 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 hereio u khe
<br />Mortgagor further convenants and agrees, with bortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the interest thereon as provided in this Mortgage and the Note.
<br />2. Title. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, avd
<br />war[ants thst the lien created hereby is a first and prior Lien ov the Property, except as may otherwise be set forth herein.
<br />^ 'Ilse Property is subiect to a Diortgage wherein ___ ____ __
<br />is the Mortgagee, recorded at Book ,Page of the Mortgage Records oC County,
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby-
<br />D Other prior lieru or encumbrances:_ _ ___ __
<br />3. Toes, Aseescrnenta. To pay when due all taxes, special assessments ar,d alt other charges against the Property.
<br />and, upon written demand by Mortgagee, to add co the payments reyuired under the Note secured hereby, such amount as
<br />maybe sufficient to euble the Mortgagee to pap such taxes, asse~mentr or other chuges as they become due.
<br />4. [nsutmce. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage o}' rite end such other hazards as Mortgagee may require, in amounss and with companies acceptable to the
<br />Mortgagee, and wish loss payable to the ilforcgagee. In case of loss under such policies the Mortgagee i_v authorized to
<br />adj'ust` c<uleet and comprnmsse, inns discretion,. all claims thereunder at ifs sole optiov, autLorized toeitherapply the
<br />proceeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />time until the sums secured hereby are paid in Bill.
<br />5_ ^ Fscrow Fbr Taxes and Insurance. Notwithstanding anything contained in paragraphs 8 and 4 hereof to the
<br />contrary, Mortgagor shall pay to the hortgagee at the time of pay;nq the morthiy installments of principal and interest,
<br />one-twelfth of Ehe yearly taxes, assessments, hazard insurance premiums, and ground tens (if: anyl which may attain a
<br />priority over this Mortgage, all as reasonably estimated ftom time to time by the Mortgagee.'iY~e amounts so paid shall be
<br />lead. by the-Mortgagee without interest and applied to the payment of the items iv respect to which such amourfs were
<br />deposited. The sutas paid to Mortgagee hereunder are pledged as additional security fa: the indebtedness secured by thts
<br />Mortgage, "dort~gorshall pay to Mortf~ee the amount of any deficiency between the actual [rotes, acseasments, insurance
<br />premiums and ground rents and the depociwhereundar within 10 days after demand is made cpon htorigegor cequesiing
<br />payment th~reo[.
<br />~. Repair, Stainteuauce and Uee. 'Po promptly repair, mtote or rebuild any ouildings ac incpmvpmen tsdow of
<br />hen~afic-r on the Property; to keep the Property ;v good condttior, and repair, v.•iYhout waltz, and free from meehanic'sor
<br />other liens mot expressly sulr~rdinated to the lien hereof; not co wake, sutler or permit any nuisxn cc [o e~iat, nor to d"rtntn•
<br />i~ ar impair tape value of the Property by anv act or omissier. to zit; and u> cocrply :vita ailrxquixEaaar; ~ of lavrwith
<br />resptirt to [1re Proixerty
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