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<br />81=-° s)U21~4
<br />MORTGAGE
<br />This Mortgage is entered info between _ Pioneer Inygstments A partnerships fj/k/a
<br />Pioneer Estates
<br />- -- A __---. (herein "Mortgagor") and
<br />Five Points Bank
<br />-- - (hereto "Mortgagee„)-
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ 145 OD0.00 ,evidenced by Mortgagor's note
<br />dated Z/ 11/81 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on. Aug. 11, 1985 .
<br />To secure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in Hall County, Nebraska:
<br />See Exhibit A hereby attached:
<br />Together with all buildings, improvements, fixturns, streets. alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and [he 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 consfltute a fixture: al{ of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of thin Mortgage and all of the foregoing being referred to herein as the
<br />..~~rty„
<br />Mortgagor further convenants and agrees, with Mortgagee, as follows:
<br />1. Payment. To pay the indebtedness and the interest therrou as provided in this Mortgage and the Note.
<br />2. Title. Mortgagor is the owner oC the froper[y. has the right and authanty tc mortgage the Property, and
<br />warrants that the lien created hereby is a first and prior lien nn the Property, except as may otherwise be set forth herein.
<br />KXThe Property is subject to a b2on.gage wherein Home Federal. Savins~_&_S.oan.._. .-_.
<br />is the Mortgagee, recorded at Book _. ._.... _. _ ,Page - of the Mongagr Hecurds of _- IIa11-- County,
<br />Nebraska, which Mortgage is a lien prior to the hen treated hrrrbt.
<br />u Other prior liens or encumbrance,: _ _ _. _ _ _ _ _ _ _ _ _
<br />3. Taxes, Assessments. To pay when due all taxes, special assessments and all other charges against the Property. _
<br />and, upon written demand by Mortgagee, to add to Che payments required under the Note secured hereby, such.amountas,..-
<br />may be sufficient to enable the Mortgagee to pay such taxes, assessmenU or other charges as they become due.. ~ -
<br />4. insurance. T'a keep the improvements now or hereafter located on the real estate described herein inipred --
<br />against damage by fire and such other hazards as Mortgagee may require, in amounts and with companies acceptab{e,tp.the
<br />Mortgagee, and with lass payable to the Mortgagee. In case of loss under such policies the Mortgagee is atrihoraged.;Yq(
<br />adjust, collect and compromise, in its discretion, alt claims thereunder at its sole option, authorized to either apply the.
<br />proceeds to the restoration oC the Property or upon the indebtedness secured hereby, but Payments hereuttde[ sh+J1 v'oth. _
<br />time unfit the sums secured hereby are paid in full.
<br />5. ^ Escrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs. $ and.4 heraof to the
<br />contrary, Mortgagor shall pay to the Mortgagee at the time of paying the monthly installments of principal at2t1 interest,
<br />oae-twelfth of the yearly faxes, assessments, hazard insurance premiums, and ground rents (it ally) which mpy attain a
<br />priority over this Mortgage, all as reasonably estimated from time to time by the Mortgagee. The amqunts so.pait{ shell be
<br />held by the Mortgagee without interest and applied to Lhe payment of the items in respect to which such amounts were.
<br />deposited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness securtttr by Yhis
<br />Mortgage. Mortgagorshall pay to Mortgagee the amount of any deficiency between the actual taxes; assessments; insurance
<br />premiums and ground rents and the deposits hereunder within 10 days after demand'+s made upon•Mortgagor requesting
<br />payment thereof.
<br />o. Repair, Aiaintenance and Use. 'fo promptly repair, restore of rebuild any buildings or improvemeats tww or
<br />hereafter oft th. Pn>per!y; to keep the Property in good condition and repair, without waste, and free from mechanic's or
<br />ntherlierts not expressly subordinated to the lien hereof; not to make, suffer or permit any nuisancf to exist, nor to dimin-
<br />ish of impair the value of the Property by any act or omission to act: need to comply with all mquirements of taw with
<br />rnspaet to the Property.
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