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_ 81~ f1U4684
<br />MORTGAGE
<br />-- This Mortgage is entered into between Robert D Atm5t5tist and Kenneth L. Almguist, As
<br />Tenants in Common
<br />- (herein "Mortgagor") and
<br />FIt1E POINTS BANK- (herein "Mortgagee").
<br />- Mortgagor is indebted to Mortgagee in the principal sum of $24 000.00 ,evidenced by Mortgagor's note
<br />dated 9/~B1 (herein "Note") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable on 3/8/82 .
<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 Ua11 County, Nebraska: - -
<br />Lot Eleven (11) and the North Six and Eighty-Five Hundredths (6.85) feet
<br />of Lot Ten (10) in Block Two (2) itt Better Homes Subdivision, in the City of
<br />Grand Island, Hall County, Nebraska
<br />Together with ail 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 constiWte a fixture: all of which, including replacements and additions thereto, is hereby dedared . .
<br />to be a pert of the real estate secured by the lien of this Mortgage and al( of the foregoing -being referred to hkl4ln es the ~ -
<br />..~o~~,,. - _. ..._._._--.. ..
<br />- Mortgagor further covvenants and agrees, with Mortgagee, ac follows: - -
<br />1= payment. To pay theindebtedness and the interest therewras 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 />wamtnta that the lien created hereby is a first and prior lien nn the Property, except as may otherwise be set forth herein. -
<br />~ Thn Property is subject to a Mortgage wherein _____.__ .._______
<br />- is the Mortgagee, recorded at Book ... ,Page_._____--ol'thrMortgage Records of .._ County,
<br />Nebraska, which Mortgage is a Tien prior to the lien created hemby.
<br />^ Other prior liens or encumbrances: _____._ ._. _..- _ _... __ . ____ __ __
<br />3. Taxes, Asaesetnents. To pay when due all taxes, special assessments and aii other charges against the PropeNy
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secured hereby, such amount as
<br />may be suftlcienl to enable the Mortgagee to pay such taxes, assessments or other charges as they become due.
<br />_ 4. Insuranee. To keep the improvements now or hereafter located on the real estate described herein insured
<br />against damage by Bre and anon other harxrds ac Mnrtaagea may require,-in-amounts.and-withcampaniecxecuptaWeto.Ure-._..___..,..,_._,,.,
<br />Mort~ugee, and with lase payable to the Mortgagee. In case of lass under such policies lha Mortgagee is authorized to
<br />adjust, cotlaet and compromise, in ifs discretion, all claims thereunder at its sole option, authorized toeitherapplythe
<br />proceeds to-the reataration of the Property or upon the indebtedness secured hereby, but paymenfshereuaderahal[ con-
<br />- tinue until the-sums secured hereby are paid in init.
<br />6. O F.acmw For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and A hereof to the
<br />contrary, Mortgagor shalt -pay tb the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />onedwet[th uC the yeady taxes, assessments,. hazard ihsurattce premiums, and ground rents (if any) which-may attain a
<br />pdorfty .aver thi& Mortgage, aU as teasonabty est[mated from time to time-hy the. Mortgagee. The amounts so paid shall he
<br />held by theMortgagee without (nt4rest and applied to the payment-of the-ifems in respect to which inch amounts were - --
<br />deposited• The soma paid to Mortgagee hereunder. are pledged as additbnal security for the indebtedness secured by this
<br />Mortgage. Mortgsgotsbail 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 flays after demand is made upon Mortgagor requesting
<br />payment thereof.. '
<br />- - - --- -6.--Repair, Maintenance and.Use,- - ToprompNy:repair, restate or rebuild.any buildings or improvements now or
<br />hereafter on the Property; to keep the Property In good condition and repair, without waste, and-tree from mechanic's-or
<br />otbarliens nut expresaty subordinated to the lien hereof; not to make, suffer of permit any nuisance to exist, nor to dimin=
<br />fah. gr.impa(r the value of rite Ptnperty by any. act or omission to uct; and ki comply with aii nquiremectt+ of law with
<br />respect to the I'ruperl.y. - ~ - -
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