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<br /> MOIiTG�AG}E � , ,
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<br /> , �� Thia Mort�ags ie enteredlato bet�vesn Jemes D. Penwell and Sandra S Penwell ��`=�'�� �,:-���,�_
<br /> - � husband and wif� ,. "" '�"�;t�"�`'d�--"'^�`
<br /> (tnesein Mortgagor'��nd � � - _
<br /> ' ' Five Points 8ank, a Nebraska Corporatton "�=
<br /> • { (herein"Mortgagee'�. �� +�•�'�-
<br />;it�J.'S.r��� _ � .�iNS.�._.._
<br />-�� '��'�" � Mortgag�or ie ladebted to Mortgagee!n the rlaoi al sum of=
<br /> � i;°•• +. � P P 1�978 40. .evidenoed by Mort��nr's note �" a�--
<br /> " ti d;ced Se�4ember 12, �` ." _-` -
<br /> . 199(�er a i u"N o t e'�p m v i d i n g f�r p q�m e n t a o i p r l n o i p�►1�d i n t e r e$t,w l t h t h e b�l a a a e o f t b.� ':;,���-.--.--_.
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<br /> ti�: indebtednew,it not sooaer pwid,duo aad p�ya'ble on Mav 15. 2000 :�. ;;
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<br /> To�eaure the payment ot the Note,vvith intese�t a� rovidai tharein,the '?��'�a�---'y=°`
<br /> P pa3rmeat oi all ot2ier aums.with inter �„�.-,�,_—.-
<br /> est.advaaced b,y Mortgagee to pmteot ttie seourify of thfa Mortgaga,�►nd the pertormr,noe o!the ooveaRnts sxui sqsee- '`'r'�•°`='�'
<br /> '� mente of 6he Mortgagor aoatAianad �erein,Mo or doeo hereb mo ���+ ' `�
<br /> de�oribed �� Y rt8a6e and aanvey to Mort�agee ttte�oAowing
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<br /> • pmperfy loo4tod 1n,_,,,,,HAl l Couafy.Nebraeles.
<br /> Lot Fo�arteen (14), Nottinghem �states Subdivlston, Grand island, Hall County, ���
<br /> �- Nebraska.
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<br /> � ` :,, 7�ether with W buildinga, improvements Hztures�st�+eets, ailey��Pw+�Bew�ys.e�ements, �--
<br /> ri�ht�.P���� ��
<br /> ., and apputtenanoer looated thereoA or iu�nywi�e Pertaiain6 Lhereto.and the rents,ie�ues auc!profit�.ievsriiona and �•�'�
<br />_=:; ,r•, ,• ; remalnde:s thereo� inol�xdiag,but not limited W.hestinQ aad 000lfn�equipmene�n3 rueh ptlraonal propertq Wat i�
<br /> _,..,':ti:'",�• �LtaoIIsd to tlie innpmvementa�w to oonatitute 4 if�cture;all oi whioh.inolu
<br /> .. ,,,, ,� dinQ replaoementa and eddittoni thereto.t�
<br />`;�:'"�. ' horeby deolared to be a part oi the�al estate�eoured by the liea of thfs Mortg�s and W of the foregoiaa bein�:,sferesd
<br /> .'"'•tl9-i^�..r
<br />-zs d . 1. W hE1b1A u the"Pmperq►".
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<br />_ Mort�saor f�rther aovensari apd a�ree�,vvlth Mortg�es,�s tollows; . �
<br /> :�=:�'.:,��, .,;� 1. Pymsn�Zb pqy tbe iadebtednea and the interest thereon ae grrovided in tbis Mortgsae and the Note. -----
<br />- •:>m ,° � --
<br /> "�.- '-<�• 8. TiW.Mortga�or is the owaer of the Properfy,I�as the riaht aad�uthozity to mortga�e the Proper�y.and war -: -�.-.
<br /> __�. ..�•�:.: -
<br />__,,,,,�c±���,t.M rwt�th�i the Ilen oreated herby!r a�rt and prior Hoa on the groperqr,smept a�mqy otherwlie be�et fortL harein. ;�;��:
<br /> -,�_,�>`<.., . � � The Pmpertq is snb eet to a Mo �"-"-^ 1--- �'
<br /> _ • •� J rtgage wherein Princlnal Mnrt�AQe �y
<br /> �'�"''"`' We Mortg�gee.�+eoordad at Book
<br /> +1'a8e oi the Mortgag�e R+eoord�ci__Hs�l l �.'
<br /> • County.PIebrask�e,wLioh Mortg�,ge fs s lien prior W the llsn oreated heraby. �� .,�•.•�y
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<br /> � � '' ❑ Other prior liena or�xouffibranoer: ,;, �,>
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<br />_.� y�'���tf �tr,x:`.�r..
<br /> , :;� � 3 Ta:si,As�e�omsnt�.To pay whon duo aU La:ea,�pooiol aesesSmOnts and all othor oharg�ee a$ainot fho '�:�:�����;�;�_�
<br /> _ ,:.',�"; ProparEy aud.upon�s.zlSten demamd by Mortgagea.to wdd to¢ho p�ymonts required uneler th�Noto eeoured home0y,euoh + .��?•`,<:;:�d::�'�. .';
<br /> � : smounS�ayq be eut4loient¢o enabfo tho Morqgagee to pa�y+yuoh taaes,eseesaxnents or othor oharg�ee as the�y bopome :�•`nl::"'.�'•:
<br /> ,,�•' '�'- due. ••1
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<br /> --_-- - ------- -----r•—••••.•r••••o•••o••••.,v...,s uo�.o�avoszen on sAe reeu eseaee deeortaea nereia inaur� :
<br /> _ � sgainet damage by ftre aad euoh othar hazat+de as Moitg�gee�nqy raq�ire.in amount�and wlth companiee aooeptat►le 60 .`
<br /> -. the Moxtgagee,aad with loae paysble to the Mortg,agee.In oaee o!loss under suoh polioiee the Mortgag�eo is authorlsed � '
<br /> to sc�ust,oolleof snd oompromisa�in its disoretloa,W olatms thenannder at itx eole opfion.outhorised to ei4hvr spp�y the � •
<br /> proaeade to the restoration of tha Pmperky or upon tho indebtednees eeaured horeby.buf patymonte tsereunder shall ooa• •
<br /> tinue untll t]ie eumb seoured hereby sre Qe�e psid in full, '
<br /> _ 6. ❑ R�o:ow For Z1a:as �nd Iasuraaoa.Notwithetanding an�ything oont�ined in paragi�a�be 3 and 4 hereof Eo • ' .
<br /> tho oont�y,Mort�a�or�h�,11 p�q W the MortQa�at the tims o!pqying the mont2�ly fnstallmeat�of prinol�at and inter �
<br /> est.ontrtwelith of the yonr�y ta�es,iuseremonLe,hasarrl Wturanoe preininms,aad ground rente 1f ��
<br />- s grloritq over thi�Mo ( �,Y)whioh may�ttaia , .
<br /> rtBaSe.ell se ressonab�y e�tlmated irom time to time by the Mortga�ee.The amouatr w p41d�hW ,,
<br /> , be held by the Mortgagee w�ithout tnterest and applied to the p�yment of the items in resgoot to arhioh suoh amoun4�
<br /> , were deposited.The suma patd to Mortg�ee h�reunder ere pledged se additionnl eeourt�q for the indebtedness seaurod
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