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<br />MORTGAGE
<br />This Mortgage is entered into between Michalynn Wagner, Single, Erma F. Warmer & Robert '
<br />r L. Wagner: Husband and Wife, WROS (hereto"Mortgagor"jswd
<br />DIVE .POINTS BANK _-.- (herciri •`Mortgegee"j.
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ ~- ~~.,-~~n ;evidenced by-Movtgagnt~s ante-
<br />dated 4/20/81 {herein "Note") providing for payments of principaf and ntet~t; vrttlt the'6atance of-the
<br />indebtedness, if noEsooner paid, due and payable on~August 21, I9$1
<br />Toseeure.the payment of the Nate, with interest as provided thereto, the payment of a!I other sums, with ictbareet,
<br />advanced by Mortgagee to protect the security of this lt4ortgage, and the performance of the covenants and agneemants of
<br />the' Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the fallowing desnrttied
<br />Property located in Hall County, Nebraska:
<br />Lot Nine (9) in Block Seven (7):in Bonnie Brae Addition to the City of Grand
<br />Island, Hall County, Nebraska
<br />Together with a".l buildings, improvements, Cixtures, streets, alie rs, passageways, easements, rights, privileges and
<br />appurtenances Located thereon or to anywise pertaining thereto, end the rents. issues and profits, reversions and remainders
<br />thereof; imelud'sng, but not Limited to, heating and cooling equipment and such personal property khat is attached to the-
<br />improvements so as to constitute a Fxture; all of which, including replacements and additions thereto,. is hereby dedcared
<br />to be a part of Ore rest estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />„~o~~„
<br />Mortgagor further canvenants and agrees, with Mortgagee, as follows:
<br />1. Fayment. To pay the indebtedness and the interest thereor. as provided in this tdortgage and the Note.
<br />2. Tide. hlartgagor is the owner of the Property, ha+ the right and authority to mortgage the Property, and
<br />waaranPs that the lien created hereby is a first and prior lien or, thr Property, exmpt as may otherwise be set forth herein.
<br />[~'I?~ Property is sabject to a Mortgage wherein ___Commercial National Bank & Trust Co.
<br />is late Mor , ieoardC~; t .°'o:.e _-~~-- . °ag~ -L2a5_ _ .,, .,.< 1a; tFage ::e.a:.as .^,f _~°.?.Lt .- (`nnnty,
<br />~Kn'
<br />Nebraska, which Mortgage is a Lien prior to the lien created hereby.
<br />^ Outer poor liens or encumbrances: - -- _- _._-.--- __-_-
<br />3. Taxes, Assessments. To pay when due all taxes. special assessments and all other-charges agar tip-PrapMty
<br />and, upon written demand by Mortgagee, to add [o the payments required under the Notesecttredhereby,sue4<amout~Caa
<br />may tr sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they- hecome,drae-.
<br />4 Insurance. To keep the improvements now or hereafter located oa L6e real. estate_describedQerenr:lrigut~
<br />agzrilut damage by fire and such other hazards as Mortgagee may requite, in amtutnta and with_cnmganiesaeeep6abk t2lbu
<br />Afprtgagee, and with toss payable to the Mortgagee. In case of Toss under such policies the Mortgagee_isautho;ize4i to.
<br />;$pW, collect and_comprpmise, in its dt_cretion, all claims thereunder at-its sFZle.,option, authotiaed„te:eitRerapply~thg
<br />i to the restorafioa of the Property or upon the indebtedness secured hereby, Iwt paymeuk+*lrgwunder.shall p4nr _
<br />Leone until the sums secured hereby are paid in full.
<br />S. d Escrow For Taxes and Irrsuraact!. Notwithstanding,anything contained in paragraphs 3 apd 4 6eteof to the
<br />contzllr3t, Mortgagor shalt pay to the Mortgagee at the time o[ paying the monthly. installments,otpriricipotand4utereat.
<br />otretwelfth of the yearly tames, assessments, hazard insurance premiums, and ground reacts. {if any) wt:feh may atuik a
<br />priority over this, Mortgage, all ~ reasonably estimated Pram tune to time by the Mortgagee. The amounts so paid ahaN be
<br />brtd $y the Atgr3gagQe withou# interest and applied to the payment of the icems,in respect Lo ivtttebsueltamouats vrere -
<br />` tested.- Ttut sutra. paid ku Mortgagee hereunder ore pledged as addttdonld se~ttnty for the indatrtatia~,srcurnd by ttus
<br />Tidgrt~y(e. Martgagorshatl pay to Mortgagee the amount of any deCzeiency betwt~en the actual taxes, assessments, insurance
<br />L
<br />premiums sad grczund rents and rite deposit; hereunder within io days after demand is made-upon iNortyager rcqueaRnp
<br />paysien6 thereal: ;
<br />g. lam, I~tw sad-ilea. To promptly repair, restore or rebusid any buildings or ieaprovemcnts now or
<br />beneaftr; nn-tH~r P[aQerty; W keep the. Property in goad condetion and repair. wikltaut waste, and free from mechatu~e's ar
<br />:i~aax rtgi exsly sulrordtnated ka the lien hereaf;.not #o make, suffer or permit any nuisan_ ~ W nxlst, nor fo dimin-
<br />Hit or inipttr the ~~ at t3te i'rttgerty- by any ~[©t-or at3zlasian to act: and tv roretp7y with- ati royulrenrculu of taw veitp
<br />rraprct to ttrP Pnzperty.
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