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<br /> MORTGAGE '
<br /> This Mortgage is entered into between R. B r u cP R n m h Pr k a n r1 .1 u li a A Eto m b ec k ,
<br /> h u s b a n d a n d wife (nerein°Mortgagor'7 and_.
<br /> �
<br /> Fi v e P ol n ts B a n k . a N e b ra c k a (:o r n nra ti n n (hereia"Mortgagee"). o
<br /> Mortgagor is indebted to Mortgagee in the principal sum of$ 3,��4.80 , evidenoed by Mortgagor's note \
<br /> dated A�ri l 1. 1 9 9 8 (herein"Note'�providing for paymente of prinoip a l an d i nterest,wit h t he b a 1anoe o f t he
<br /> indebtedness,if not sooner paid,due and payable on M arc h 5� �nn�
<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 proteot the security of this Mortgage, and the pertormance of the covenants and agree-
<br /> ments oi the Mortgagor oontained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following
<br /> described
<br /> property located in H all County,Nebraska.
<br /> Lot Three (3) and the North Twenty feet (20') of Lot Two (2) , Block Two (2),
<br /> Pleasant View Third Addition to the City of Grand Island, Hall County , Nebraska.
<br /> Together with all buildings, improvements figtures, 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 /> remaindera thereof; including, but not limited to, heating and cooling equipment and such personal property that is
<br /> attached to the improvementa so as to constitute a fiuture;all of which,including replacements and additions thereto,is
<br /> hereby deolared to be a part of the real estate secured by the lien oP 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. Tltle. 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 firat and prior lien on the property,egcept as may otherwise be set forth herein.
<br /> � The Property is subject to a Mortgage wherein F a r m e rs S tat� B a n k S i i n a ri�r is
<br /> the Mortgagee,recorded at Book ,Page of the Mortgage Rscords of H all
<br /> County,Nebraska,which Mortgage is a lien prior to the lien created hereby.
<br /> ❑ Other prior liens or encumbrances:
<br /> 3 Tazes, Aesessmeats. 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 aecured hereby,such
<br /> amount as may be sufScient to enable the Mortgagee to pay such tages, assessinenta 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 amounte 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 a,d,just.collect and compromise,in its discretion,all claians thereunder at its sole option.authorized to either app�y the
<br /> prooeeds to the restoration of the Property or upon the indebtedness seaured hereby.but payments hereunder shall con-
<br /> tinue until the sums seaured hereby are are paid in full.
<br /> 5. O Escrow For Taaes and Insurance. Notwithstanding anything contained in para,graphs 3 and 4 hereof to
<br /> the contrary,Mortgagor sha11 pay to the Mortgagee at the time of paying the month�y inatallments of prinaipal and inter
<br /> est.one-twellth of the year�y tages,asaessments,hazard insuranoe premiums,and ground rente(ii any)whioh may attain
<br /> a priority over this Mortgage,all as reasonably eatimated from time to time by the Mortgagee.The amounts so paid ehall
<br /> be held by the Mortgagee without interest and applied to the payment of the items in respeot to whfoh such amounts
<br /> were deposited.The sums paid to Mortgagee hereunder aae pledQed as additional seouritv for the indebtedness seoured
<br />
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