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<br />MORTGAGE 82 ••~ U ~ 4 S ~ 3
<br />This Mortgage is entered into between Robert A. Geier and Katherine R. Geier,
<br />Huabarid and Wife (herein "Mortgagor") and
<br />FIVE POINTS BANK (herein "Mortgagee").
<br />Mortgagor is indebted to Mortgagee in the principal suns of $ 2y !.R t _ ~0 ,evidenced by Mortgagor's note
<br />-dated I1 /5/$2 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness, it not sooner paid, due and payabte on. 11 / 18 / 84 ,
<br />Tosacure rile payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to'pcotect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the 11~o[E~gor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the folibvriag described
<br />property located in Hall County, Nebraska:
<br />The East Half of the West Half IE~W'-1) of Lots One (1) and Two (2), in
<br />Block Seven {7), in Hann`s Third Addition to the City of Grand Island,
<br />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, heating and cooling equipment and such personal property that is attached to the
<br />improvements so as to constitute a fixture; 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 />"Property"•
<br />Mortgagor further coneenants 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 />~ The Property is subject to a Mortgage wherein Superior Mortgaee
<br />is the Mortgagee, recorded at Book ,Page- of the Mortgage Records of kl~1L County;
<br />Nebraska, which Mortgage is a lien prior to the lien created hereby.
<br />^ Other prior liens or encumbrances:
<br />3. _Ta:es, Assessments. To pay when due all taxes, special assessments and all other charges against the Property
<br />and, upon. wdtteademand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />'may be:sufffcienG to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />4. Itwurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by ffte and such other hazards- as Mortgagee may require, in amounts and with companies acceptable to the
<br />Mortgagee; and- with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjust, collect and"comPramise, In its discretion, all claims thereunder at its sole-option; authorized toeithexapplythe
<br />proceeds to the resWnttiop of the Property or upon the indebtedness secured hereby, but payments hereunder shall con-
<br />- tinuq until-the-,sums secured hereby are gaid in full.
<br />5. Q Eacrow.For Taxes and lnsuzance. Natwithstanding anything contained in paragraphs 3 and 9 hereof to the
<br />corttrary, IdgrtgagorabaU, pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one-tw¢l~ttt at ttre yeaNy, Laxes, assessments, hazard insurance premiums, ar,d ground rents (if net j whielr may attain a
<br />prirrrity over-t3ris Mortgage, all as reaaonabiy estimated from time to time by the Mortgagee. The amounts so paid shall be
<br />t by the. Mortgagee, without interest and applied Lo the payment of the items. in respect to w41ch such. amounts were
<br />dapwdted. T1re auras paid: to Mortgagee hereunder ace pledged as additional security for the indebtedness secured by this
<br />Moitgage.Mat~tgagotshatl pay to Mortgagee the amount of any deficiency between the actual taxes; assessments, insurance
<br />ptn+nuurtu and ground rents and the deposits hereunder within LO days after demand is made upr~n 4±nrtgagor requesting
<br />-. paytneut theteoG
<br />B: "Ite@att- DlLuarts~saece sari Use. 1b promptly repair, restore or rebuild any buildings or improvements now ar
<br />hereafta~c sra trim Pro@aety; to kaap tba Prnpetty in goad eorttlition and mpait, without waste, and free from meohanle's or
<br />otila~r not eapr~ud~r sctnatsd to Ute Iten heriaof, not to make; wffet or perrnlt any nuisance to exist, nor w dimin-
<br />firPi., ~ it t3ra-vklue tit tins Property. by sup act or omission co aci; and to comply with ail requiremants o[ law with
<br />na~;t trs titer Pr,~arty.
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