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<br /> � MORTQrAC�E � ��
<br /> 1�
<br /> �
<br /> �is Mort�e is entered into between T h o m a s J. B ar n ett a n d L or n a K . B ar n ett�
<br /> h u s b a n d a n d w i fe �nere�"Mortgagor'�and�_
<br /> Five Points Bank , a Nebraska Cor�oration �nerein�Mo�ee�. �
<br /> Mortgagor is indebted to Mortgagee in the principal sum of$ 6,525_50 , evidenaed by Mortgagor's note \o
<br /> dated A D 1"'1� �. 1998 (herein"Note'�providing for paymenta oi prinoipal and interest,with the balanoe of the
<br /> indebtedness,if not sooner paid,due and payable on A t'�n '1 "2(l. 2nn1
<br /> To seoure the payment of the Note,with interest as provided therein,the payment oi all other sums,with inter
<br /> est, advanoed by Mortgagee to proteat the security of this Mortgage, and the performanae of the covenants and agree-
<br /> ments oi the Mortgagor contained herein, Mortgagor does hereby mortgage and oonvey to Mortgagee the following
<br /> described
<br /> property located in H all Couaty,Nebraska.
<br /> Lot Five (5) , Capital Heights Eighth Subdivision to the City of
<br /> Grand Island, Hall County, Nebraska.
<br /> Together with all buildings, improvements fi$tures, streets, alleys, passageways, easements, rights, privileges
<br /> and appurtenanoes located thereon or in anywise perta3ning thereto, and the rents, issues and proffts, reversions and
<br /> remainders thereof; including, but not limited to, heating and cooling equipment and such personal property that is
<br /> attaohed to the improvements so as to coastitute a fisture;all of which,inaluding replaaements and additions thereto,ia
<br /> hereby dealared to be a part of the real estate seaured by the lien of this Mortgage and all of the foregoing being referred
<br /> to herein as the"Property".
<br /> Mortgagor further oovenants and agrees,with Mortgagee,as lollows:
<br /> i. Payment.To pay the indebtedness and the intereat thereon as provided in this Mortgage and the Note.
<br /> 2. Title.Mortgagor is the owner of the Property,hae the right and authority to mortgage the Properiy,and war
<br /> rants that the lien oreated herby is a first and prior lien on the pmpert�y,esoept as may otherwise be set forth herein.
<br /> C� The Property is subjeot to a Mortgage wherein_E�uita ble B uil di n y & Loa n is
<br /> the Mortgagee,reaorded at Book ,Page of the Mortgage Rscorda of H all
<br /> County,Nebraska,which Mortgage is a lien prior to the lien created hereby.
<br /> ❑ Other prior liens or enoumbrances:
<br /> S Tazes, Aesessments. To pay when due a11 tazes, speoial assessments and a11 other charges against the
<br /> Property and,upon written demand by Mortgagee,to add to the payments required under the Note secured hereby,suoh
<br /> amount as may be suttiaient to enable the Mortga,gee to pay such tages, assessments or other oharges as they become
<br /> due.
<br /> 4. Insuranoe.To keep the improvements now or hereatter looated on the real estate described herein insured
<br /> aga,inst damage by Hre and suoh other haza�rds sa Mortgagee may reciuire,in amounts and with companies acceptable to�,
<br /> the Mortgagee,and with loss payable to the Mortgagee. In case o!loss under such policies the Mortgagee is authorized,.''
<br /> to adjust,colleat and oompromiae,in ita disoretion,a11 olaims thereunder at ita sole option,suthorized to either apply the t `�
<br /> proceeds to the restoration oi the Properiy or upon the indebtedness seaured hereby,but payments hereunder shall con-j;,�
<br /> tinue until the sums seoured hereby are are paid in full. �
<br /> 5. � Lecrow For Tazes and Inaurance. Notwithstanding anything oontained in paragraphs 3 and 4 hereoi to�
<br /> the oontrary,Mortgagor sha11 pay to the Mortgagee at the tfine of payfng the month�y installments of prinoipal and inter
<br /> est,one-twellth of the yearly tages,assessments,hazaad ineuranoe premiums,aad 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 shall
<br /> be held bq the Mortgagee without interest and applied to the paymeat of the items in respect to which such amounts
<br /> were deposited.The aums paid to Mortgagee hereunder are pledged as additional security for the indebtednesa seoured
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