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<br /> � Zf111eMoligAgO 18eIIteledlAtObetWeen Rodnev L Klosterma�a�d t uann M Klosterman. :
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<br /> husband and wife (norein"Morcgagor�and p _,.::.�
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<br /> Five Points Banlc a Nebraska CorpQ��'�on (herein°1�ortgagee~). ___
<br /> Mortgagor la indabLed to Mortgagee in the prinoipal eum of: 4 173_62 .evtdanoed lsy Mortgegos's note , -=--
<br /> � ��d �Phruary 26. 1997 (horain"Note'�Psovidingtorpaymentsofprinoipalandintereat.withthebalaaaeolthe . ;��,�;�,.,y
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<br /> � �•' indebledneee,if not soonar paid,dua�nd pqyable on r i 1 5���-�--• . i
<br /> �':�-,�`�:
<br /> • ent of all other sums.with inter ,`F"s - -
<br /> . .! To sa o u r e t h e p q y m a n t o f t h e N o t e,w i t h i n t e r e a t a s p r o v i d e d t b.e r ein,the p a y m ��,:�, �;�
<br /> � eat,advanoed by Mortgagee to prote�t the seourity o1 thie Mortgage,end tho pesformanoe of tha aovenente nnd agree-
<br /> '� mente o!t he Mo rt g a g o r o o n t a i n e d h A r e l n, M o rt g a sor doea hereb y mortgnge snd oonvay to Mortqagee the following , �� ,';�
<br /> desoribed ,'`
<br /> �' proPerty looated in N��1 County,Nebraska. •, ;�,'
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<br /> Lot Seven (7)� & Wl/2 of Lot Ei gh�t (8), B1 ock Thi rteen (13) , Char1 es Wasmer's �
<br /> ' �ddition to the City of Grand Island. Hall County� Nebraska. �
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<br /> �. 'Ibgother avlth all buildiage�,imBrovomeaLa fizturee.streeta,slleye,Psseegewaye�eaeatnente,righta,Privilege� f —
<br /> ' ��` and appurteasnoee looaLed thereon or!n s�rwlse peiiainln8 thereto.and the rents,ieeuea and pm}lta.seversione aad - -
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<br /> remaiadere thereoi:iaoluding,but aot liIInited to.hertiag and 000ling eguipment and euoh gereonsl pcoperfy that is �_--
<br /> � �ttewhed W the impmvements so ae to oonstit�te o ll:ture��►11 of whioh.inoluding replaoemente aad�ddidons thereto.b ,
<br /> Y. hereby deolfured W be a part o!the real e�ivte seoured by the lien of thie Mortgsge and eli of the forego i n g bein8 referred F�
<br />. to herein a�the"Properar". �.�-�--
<br />_ Mortgagor further oovenante wnd agreee.with Mortgagee,ss foIIows: E:.
<br /> . . ;�, i. 1+�manE.�o p�,q Lhe iadebtedneee snd the intereeL thereon oe provided in this Mortgage sud Rhe Note. �E-�����
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<br />_ ^ . � 2. Titls.Morcgagor is the owner oi the Property,hue We rlght ond auLhority to mortgage the Paroparar,s+nd wur� ��. — -
<br /> i�unts thnt the llea oreated herby le s liret sad prtor lien on the properRy.ezoept as mqy otherwlee be aet farth horein. n�
<br /> , £ � The Psopercy is subieot to a Mortga�e where�n Pri nci t�al Resi enti al MortyagP is �� _
<br /> � of fhe Mortgago Rscorde ot H a 11 �s•r 'p . n
<br /> tha Mortgagee.reoorded at Book__.Pe6a_-- - '' �tn:a,. �.
<br /> reeted hereb . �:•.�'j�,.�
<br />_. • � County.Nebraeka.whioh Mortgage is a lien prior to the lien o Y -,,..�>.'��
<br /> � f ❑ Other prior i�lene or enowmbranoea: ':�. _
<br /> '�t:
<br />' 9 T�e�•A�iessment�. To pay when due all taxas, epoaiol oanoaamentn snd all oLher oharges againet tho
<br />- property and.upon wrltten demsnd by Mortgagoe,to actd to the paymente roquired under the Note aeoured her�by,euoh
<br /> = amount sa may he euflioient to enable she Mnrtgagee to pqy suoh taxee,assoasmente or othor ohEUges as they beaome • .
<br />_ ' due.
<br /> 4. Fasuraaoe.To keep the improvements now or hareattsr looatod on the real eetate desorlbed herein insured
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<br />- �__- _---��-"-� 8�9{IIBZ aN3118g9 by L{!0&IId Buoh oUleY h0.78ld8 RH 1V1o1T$Ap'Be may mqttiav.ua su�"vaiia`w o..0..........W�...�...^.::�r------- -=_- —
<br /> ' tho Mortgagee,end w1Lh lose pqyoble W Lho Mortgagoe.In oase of loss under euoh poliaiea the Mortp�gee is authorleed
<br /> -� � to ad�uat,oolleot end oompromise.in its disoretion,all olaime thereundar RL its eole option,�uthortzod La oither spp�y tha
<br /> - praoaede to the reaLorarion of tha Proporty or upon tho indebtednesa aeoured hvreby,but payments herouador shall ooa-
<br /> tinue untll the eume eeoured hereby ara are paid in Lull.
<br /> 6. p grorow gor�'ases aad In�ur�nce.Natwithatanding anything conU�ined in paragraphs 3 snd 4 hereof to �
<br /> - the oontrsry.MortgaBor�hp11 pqy to the Mortg�ee at tho timv oi paying the month�v insG�llment�of prinolyal�►nd inter .
<br /> � est,onetwolfth of the yearly t�ea,assaeementei,hazard induranoe pramiums,snd grouad rents(if eny)whioh msy attain
<br />, � a priority over tLis Moxtgage,all as reasonab�y estimated irom fime to time by the Mortgegee.'lfie amounts so paid eball
<br /> _ 6e held by tho?doi�tgagee wifhout lntorest and spplied Lo tho paymont of the itc�ms in roapont Lo whioh suah smounta
<br /> were ciApoeited.The sume peid to Mortgagoe herounder ttre plodgod ns sdditional eeourity!or the iadebtednesa seaured
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