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<br /> STORTI GAGE, 83-4)(11989,
<br /> a'1~e~r C,wnstr4Ctit~t~_- mZa InC. _
<br /> This MQatgxge il: etdzr+~ WAD tlelwren _
<br /> •°AiCu~grgut") and
<br /> iv faints ~eSnk'~ - -~lteSlt : "~~Qf:~aatl••3
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<br /> %iortitgor indebted to Mortplt" in Vie 1)61 P'ti sutra Of $ evidenved ty Morol kjor's none
<br /> (heroin "Noi,•••) pm,:d:rit for payments of principal and interest, with the bibuice of the
<br /> ind:htedrit z, if not r(uncr paid, due and pay able on._ _ Yj~ 00 86
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<br /> To teruy 6be pa"Sment of the tote, with interest as pros7ded therein, the payment of all ether sane, -with interest,
<br /> b~va~t"rri* lirlirtagYy~ the sttt ri;y of this Mortgage, and the pr fwnrtxrRC+s of the covenants and agreements of
<br /> the 'slort *gt $ , .•1 owiii,e4kirtgagor drKi- h-'ret'ry mortgage and convey to Mortgagee the folk.,ifing dv, ibed ~
<br /> property located in GO;jiit.y, Nebraska:
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<br /> Lots One W and Two (7} in Chief 1ad-ustrie5 ila,!
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<br /> .?"(nether with all buitding~., in prcvements, f~xtiires, .'ti. alleys, prusagewa s, e4.SPnwnts nghts, privileges and
<br /> appvrt.cr.anre5 kw';ated thereon or in, an_vwi•A- pertaining thereto. and the rents tssurs and profit-,L, revnrsiorts and remaindPts
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<br /> t.Fe^eof. intludig. but not limAed to, ^^ating and cooling ct;ui,.,7wnt and sur•h xmonai property that z, attached G_ the 1
<br /> improvements so as to constitute a ftxturr: all of which, inciur rig replae-r.'me A% an.'; idditions hereto, is hereby declared
<br /> to be a Ieast of the real Rstate se.un`d by rite lien of this Mert;-aW and at of the t*s ;!going being referred to herein as the
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<br /> Mc-rtg:igor further convonants and agrees. with Mortgagor, as fottolt,s:
<br /> 1. Rtyment_ To pay the` indebtedness and the interest thereof,. as ovided in this tilorR;,age and the Note.
<br /> _ TfUe. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br /> wa-rents t:u.t the 4pn created hereby m a firs: and prior lien on the Property, except as may otherwise be set forth herein.
<br /> The Property is subject to a Me". ge wherein -tents Ecink
<br /> of the Mortgage Records of --County, 7
<br /> is t.;se'+iortgageY, recorded at Rook rage
<br /> Nebraska, which Mortgage is a lien prior to the lien created hereby
<br /> D Other prior liens or encumbrancrs.._.____
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<br /> 3_ Taxes, Ass mwiriemts_ To pay when due all taxes, special assessments and all other charges against thz Property
<br /> and ;;pon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br /> may be sufficient to enable Lhe Mortgagee to pay such taxes, .asse~;ments or other charges as they become due-
<br /> 41 Insurance. To iteep the improvements now or hereafter located on the real estate described hemin insured
<br /> against damage by fire and such other hazards as Mortgagee racy require. in amounts and with companies accrptable to the
<br /> Mortgagee, and with loss p.yable to the Mertgagre_ In case of loss under such policies the Mongitgee is authorized to
<br /> adjust, colletil and compromise., in its disf, retion. A claims thereunder at its solr* option. Authori7wd to either apply the
<br /> procreds to the revorat.io~a of the Prop rty or upon the indebtedness secured hereby, but payments hereunder shall con-
<br /> tinue until the sums secured hereby a,-:e paid in full. -
<br /> S- 0 Escrow For Tatter, and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the
<br /> contrary; Mortgagor shall pay to Lhr Mortgagee at the time of p,'ving the monthly installments of principal and interest,
<br /> one-twelfth of the r•earty taxes, w•5ec5menLs, hazard insumco premiums, and ground rents (if any) which may attain a
<br /> priority over this Mortgage, aN as reasonably esurttated from time to time by the Mortgagee. The amounts so paid shall be
<br /> held by the Mengagre without interest and applied to the payment of the items in respect to which such amounts were
<br /> deposited! The sutras paid to Mortgagee hereunder are pledgrd as addituanal security rot the indebtedness secured by this
<br /> Mortgage. bMortgagorshall pay to Mor:;,,;agee the amount of any deficientry between the actual taxes, asessments, insurance
<br /> premiums and ground rents and the deposits hereunder within IU days after demand is made upon Mortgagor requesting
<br /> payment thereof..
<br /> 6. Repair,.Wintrnance and. Use. To promptly repair, restore ix rebuild any buildings or improvements now or
<br /> `urirafter on the Property; to keep the Property in good c nditityri any: repair, without waste, and fr±e from mechanic's or
<br /> other liemi not expressly subordinated to the lien hereon; not to make, suffer or permit any nuisance to exist, nor to disnin-
<br /> ah or impair the value of the Property by any act or omission to rct; and to comply sri;h all requirements of law with
<br /> respect to the Property. -
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