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<br />MORTGAGE
<br />~i~.^'°'~1~1~~c~b
<br />This Mortgage is entered into between I?AVID,___ E~~TTI7 and i'A~()I F. I1I FTTP]
<br />-- _ {herein °Mtxtgagot") and
<br />'~ ^V1~tI~t'~ P;nTIC.~dAL Btifr'K GI' Ca`tAtw3 ISLe9ti~ {herein "Dortgagee").
<br />Mortgagoa is indebted' to Mortgagee in the ptineipa! sum of $ 7+ `~ • ~ ,evidenced by Mortgagor's note
<br />dyed FebzllaTy 11. 19$1 ~~ °'Nate+'} providing for payments of principal and interest, with the bstartee of ttie'
<br />indebtedness, it not saonea paid, due and payable on. ~a.Y 12, 19$1
<br />To secure the payment o[ the Nate, with interest as provided therein, the payment at all other sums, wigs intetset,-
<br />advanced by Mortgagee to prateet the security of this Mortgage, and the performance of the covenants and agceementaat-
<br />the Mortgagor contained tieteht, Mortgagor- does hereby mortgage and convey to Mortgagee the [otiowfng desceibed
<br />property !opted in Ha11 County, Nebraska:
<br />IAt 26, Hidden Lakes.Subdivisian, ~2, Washington Township,
<br />Hall County, Nebraska.
<br />Together with all btnldings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenarttxs lacsted thereon or in anywts4 pertaining thereto, and the rents, issues and profits, reversions and remainders
<br />thereof; including, but not Limited to, heating sad cooling equipment and such personal property that is attached to the
<br />imprpvements so as to constitute a fix.;:re; all of which, including replacements and additions thereto, is hereby declared
<br />to be s part of dte real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />.,pt,om~,,,
<br />Mortgagor t'nrtlter convenaafs and agrees, with Mortgagee, as follows:
<br />1. Paytnenk To pay the indebtedness and the interest thereon as provided in t=`ris Mortgage and the Note.
<br />2. TiNe. Mortgagor is the owner of the Property, has the right and authority to mortgage the Property, and
<br />warrants that the lien crested hereby is a first and prior lien on the Property, except as may otherwise be set forth herein.
<br />~} The Propet#y is subject to a Mortgage wherein _. Har€~ Fexk s°n 1 .ti'acri Sla?'s & T nan
<br />~ the Mortgagee, recorded at Book ,Page _ of the Mort
<br />gage Records of _ County,
<br />Nabraska, which Mortgage is a lien prior to the hen created hereby.
<br />~ Other pr'sor hens or encumbrances: Grand Island Trust
<br />3. Tastes, Asseaements. To pay when due all taxes, special assessments and all ocher chuges against the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be sufftcieat to enable the Mortgagee to pay such taxes, assessments ar other charges as they become due.
<br />4. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against by Etta and such ocher hazards as Mortgagee rosy require, in amounts and with companies acceptable to the
<br />'Mortgttgae, and with lass payable to the Mortgagee. In ease of loss under such policies the Mortgagee is authorized to
<br />adjust. cdkct and compromise, in its discretion, ell claims thereunder at its sole option, xuthorirxd toeithedapply the
<br />proeaedc to the restoration of the Property or upon the indebtedness secured hereby, but paysnenis hereunder shall con-
<br />tintte -until Ehe sut~ secured hereby are paid in fuh.
<br />3, R Eacrosr For Tares and Incurattas. Notwithstanding anything contained in paragraphs 3 and 4 hereof to the J
<br />Y. Mvs~{Or shall pay to rite Mortgagee at the time of paying the monthly installments of principal and interest,
<br />tro~t>aelt'.h of the year:Y . asaeaunents, hazard insurance premiums, and ground rents {if any) wbids may attain a
<br />priority over thin Mortgage, art ae reasoasbly estimated from tune to time 6y the Mortgagee. The amounts so
<br />held 0Y the B6ortgagee wiWout interest and led to the Paid shall be
<br />~~' The auk apps paytmtnt o[ the items in respect to which such amounts were
<br />paid to Martgs~r lrereuadet ate pkzdged as additional security for the indebtedness secured by this
<br />• 1!dottgagornbaa[ pay to Mortgage the amount at any deficiency between the actual taxes, assess®ents, insurance
<br />i~ a~ gi'oaad rents and !jar deposits hereunder rvltttin lp days alter demand is made upon Mortgagor requesting
<br />payment thereof.
<br />8. ~arir, Alaht~rtatos and !See. To promptly repair, restore or rebuild any buildings ar improvements rtow ar
<br />bsnraftet oa rite Property; to Ireap the Property to good condition sad repair, without waste, and free from mec:hanic's ar
<br />otheritetn not eapeeaety suhordipatad to the lien herwf; oat to twke, suffer or permit any nuiant:e to ,exist, nor to dimin-
<br />tah nt impair the vattm of the Property by any act ar omission to act; area to comply with ail xequirements of law with
<br />tespez't to tDk Propa114y.
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