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<br /> ��� , MORTGAGE �� ��' c� o
<br /> � � .
<br /> Tnis Morc�e is entered into between Robert J. Chambers and Jani ce M. Ghambers
<br /> h i i c h a n ri a n ri ��i f a (herein"Mortgagor'�an�
<br /> Fi ve Poi nts Bank, a Nebraska Corporati on �nerein••Nto�ee��. ��
<br /> Mortgagor is indebted to Mortgagee in the principal sum of$ 4,436.50 , evidenced by Mortgagor's note \�=
<br /> dated_Md Y'Ch 26, 1998 (herein"Note")providing for payments of principal and interest,with the balance of the
<br /> indebtedness,if not sooner paid,due and payable on P�arch 30. 2003
<br /> To secure the payment of the Note,with interest as provided therein, the payment of all other sums,with inter
<br /> est, advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agree-
<br /> ments of the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following
<br /> described
<br /> property located in__ H a 1 1 County,Nebraska.
<br /> Lot Twenty (20) , Buena Vista Subdivision to the City of Grand Island,
<br /> f�all County, PJebraska.
<br /> Together with all buildings, improvements fixtures, streets, alleys, passageways, easements, rights, privileges
<br /> and appurtenances located thereon or in anywise pertaining thereto, and the rents, issues and profits, reversions and
<br /> remainders thereof; including, but not limited to, heating and cooling equipment and such personal property that is
<br /> attached to the improvements so as to constitute a fixture;all of which, including replacements and additions thereto, is
<br /> hereby declared to be a part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred
<br /> to herein as the"Property".
<br /> Mortgagor further covenants and agrees,with Mortgagee,as follows:
<br /> i. Payment.To pay the indebtedness and the interest thereon as 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 war
<br /> rants that the lien created herby is a first and prior lien on the property,egcept as may otherwise be set forth herein.
<br /> � The Property is subject to a Mortgage wherein_ �MA(: P1nrt9�9P is
<br /> the Mortgagee,recorded at Book ,Page of the Mortgage Records of H a 1 1
<br /> County,Nebraska,,which Mortgage is a lien prior to the lien created hereby.
<br /> O Other prior liens or encumbrances:
<br /> 3 Tases, Assessments. To pay when due all taxes, special assessments and all other charges against the
<br /> Property and, upon written demand by Mortgagee,to add to the payments required under the Note secured hereby,such
<br /> amount as may be sufficient to enable the Mortgagee to pay such taxes, assessments or other charges as they become
<br /> due.
<br /> 4. Insurance. To keep the improvements now or hereafter located on the real estate described herein insured
<br /> against damage by fire and such other hazards as Mortgagee may require,in amounts and with companies acceptable to
<br /> the Mortgagee, and with loss payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized
<br /> to adjust,collect and compromise,in its discretion,all claims thereunder at its sole option,authorized to either apply the
<br /> proceeds to the restoration of the Property or upon the indebtedness secured hereby,but payments hereunder shall con-
<br /> tinue until the sums secured hereby are are paid in full. .
<br /> 5. ❑ Eecrow For Taa�es and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof to
<br /> the contrary,Mortgagor shall pay to the Mortgagee at the time of paying the monthly installmente of principal and inter
<br /> est, one-twelfth of the yearly taxes,assessments,hazard insurance premiums,and ground rents (if any)which may attain
<br /> a priority over this Mortgage,all as reasonably estimated from time to time by the Mortgagee.The amounts so paid sha11
<br /> be held by the Mortgagee without interest and applied to the payment of the items in respect to which such amounts
<br /> were deposited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured
<br />
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