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MORTGAGE $2.....(} U 4
<br />'lots Mortgage is entered into between M chael L Encinger and Patricia A Ejnr~_ngg_r-_
<br />Hytt~and and rdtt:a -----(herein"Mortgagor")and
<br />Five Points Bank (herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ X000.00 ,evidenced by Mortgagor's Hate
<br />dam 1 /~ (herein "Note") providing for payments of principal and interest, with the ba-ance of the
<br />indebtedness, if not sooner paid, due and payable on 5 / 2! 83
<br />.Ta~e+e~ittrdf tierNike, with interest as provided therein, the paymentotallothersums, wttti interest,
<br />advanced by ~tortgageh"titie`prt~cf:,~Iie security of this Mortgage, and the. performance of the covenants and agreements of
<br />-the Mortgagsr cditta)ri(41'=tl¢r'gPd; `INfn"fgltgor does hereby mortgage and convey to Mortgagee the following described
<br />propertp.located in Hall County, Nebraska:
<br />Lot Eight (8), in Block Eight (8), in the original town, now City of
<br />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 remainders
<br />thereof; including; but not limited to, treating-and cooling equipment and such personal property that is attached to the_
<br />improvements so as to constitute a frxture; alt of which, including replacements and additions thereto, is hereby declared
<br />to be a part. of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the-
<br />`~~peLtY"
<br />Mortgagor further convenants and agrees, with Mortgagee, 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, and
<br />warrants that the lien created hereby is a first and prior lien on the Property, except as may otherwise be set-forth herein.
<br />f3 The Property is subject to a Mortgage wherein Fi vP Poo n tG Bank
<br />at Doc. it's 79-006969 and 81-000551 and 82-000623 Hall
<br />is We Mortgagee, recorded g[~~$ra~cx of the Mortgage Records of County,
<br />Nebraska, which Mortgage is a ties prior to the lien created hereby.
<br />^ Other prior Viens or encumbrances:
<br />3, Taxes, Assessments. To pay when due ail taxes, special assessments and ail other charges againsC the. Property
<br />and,, upoawritten demand by Mortgagee, to add to the payments-required under.the Note secured hereby, such amount as
<br />-may be sufficient to enable the Mortgagee Lo pay such taxes, assessments or other charges as they become. due.
<br />4, Iawrsnce. To keep the improvements now. or hereafter located on the real. estate described :herein insured
<br />against damage by fire and such other hazards as Mortgagee racy require, in amounts aad with companies acceptable to the
<br />- -114ortgagee, and with less payable t,o the Mortgagee. Lu case at lass under such paliciea the hIori.gagea-is.autiturixru.iG ".
<br />adprRt, collect -and compromise,-in tts discretion, aH claims*hercunder at, its sole option, authorized to either apply the.
<br />pm+tieeds 4o the restaratioa of the Property ar upon the indebtedness secured hereby, but payments hereunder shat! eon-
<br />. time uriLi) the soma secured hereby are paid in ttrll.
<br />3: D .Mk~crow Fer Taws. and lrssurance. Notwithstanding anything contained in paragraphs 8 and 4 hereof to the
<br />coplrury; MOB`S snail pay to the'Mortgagee at the time of paying the.monthty installments of principal and interest,
<br />pt~=tweifih of the yt~erly. taxes, ~sessments, hazard insuranee premlumfi, and ground rant` (i€ aryl which may attain a
<br />prioriiy over arts Mortgage, ail as reasonably estimated from time: Co time by the Ltortgagee. The amounts so paid shall be
<br />lrgld~tky the Mortga~e.vrithout ufexasL and appiiWd tfi the payment of the ftt~ms-ia respect to whi °~ ,~~~h amounts were
<br />dspoaHxd. 'Cho sums paid.ta Mortgagee. demuhder are pledged as sddittaaal security for the indebte,..~.a secured by this
<br />. Martgagorsl>all_pay tp_tgiptgagea the amount of any deAcieney between the actyai taxes. assessments,- inauraacw
<br />p€ear'suau u~d grauad. rents and,: the ,deposits hereunder within 10-days after demand is made upon Mortgagor requesting.
<br />yriyctaeut;thcreuL
<br />fr,.Itq~,,A3atotanat>oe.and list., Ta nrumptty repair, nestore er rebuild aay buildings or improvemenla row or
<br />lteraaJtsr eta, the Propgrty to keep. else Property to Bond canditfon aad z~pstr,wlthout waste, and free from mechanic's or
<br />ataer liatu not exptsr~ly, subordtpated to the lien hereof: not to make; suffer or permit any c:uisanc~e to exist, nor to dtmin-
<br />'rir iaa~it ,the valve of iha Property by any act or omission to act, and to comply with all requixemetrts of law with
<br />ie6 ~.tha P;*cperty,
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