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<br />MORTGAGE 89- 102950
<br />Thla mortgage Is entered into between Jack E. Stolle and Mary _M. Stolle. husband_ and
<br />i fe (herein •'Mortgagor") and
<br />Five Points O...1111h. Grand Inland. Nebraska (herein .'Mortgagee').
<br />Mortgagor Is indebted to Mortgagee in the principal sum of $ 19.542.22_ , evidenced by Mortgagor's note
<br />dated JUDA L 1989 (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedam.1f not sooner paid, due and payable on. _June 6, 1295
<br />Towcure the payment of the Note, with interest as provided therein, the payment of all other sums, with intereat,
<br />adraneed by modpgee to protect the security of this Mortgage. and the performance. of the covenants and Mmments of
<br />the Mortpgor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property tooted In Hall County. Nebraska:
<br />Lot Five (5) in Block Two (2) in Le Heights Second Subdivision, being a part
<br />of the Northwest Quarter of the Northwest Quarter (i`iWINW }) of Section Eleven
<br />(11) , . Township Eleven (11) North, Range Ten 610). West of the 6th P.M., Hall
<br />County, Nebraska.
<br />Together with all buildings, improvements, fixtures, streets. itlleys. passageways. easements. rights, privileges art4d
<br />appurtenances located thereon or in anywise pertaining thereto. and the rents, issues and profits. reversions and remainders
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<br />- thereof; including. but not litniiro to. artsUril and i�Sr.ii c,Ziii'pineat, a w :s d. nor I p�l"r ='3 -that 1: at'.:."I .:d to t!,r ....
<br />improvements so as to constitute a fixture; all of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the reM "tat& secured by the lien of this; Mortgage and ail of the foregoing being referred to herein as the
<br />Mortgagor further convenants and agrees, with Mortgagee, as (allows:
<br />1. Psyment. To pay the, indebtedness and the interest themon'.as.provided in. this Mortgage and the Note.
<br />2. Title. Mortgagor is the owner of the Property has the rgtitt and authority to mortgage the Property, and
<br />warrants that the lien created hereby is a first and prior lien on the E'tc{xrty, except as may otherwise be set forth herein.
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<br />O The Property is subject to Mortgage wherein S1211P Ggd4ral Savinag t} ' Orian _Aecnriatinn
<br />- -is t1w Keirtgagee, recorded at Book.._ _ . Page 185 of the Mortgage Records of. Hail, County,
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<br />-Nebraska, which Mortgage is a lien prior to the lien created hereby.'
<br />0 Other prior liens or encumbrances:
<br />B. Tatximp Aaeesmenta. To pay wb em due all taxes, special assessments and all other charges against the Property
<br />and, upon written demand by Mortgagee, to add to the payments required under the Note secured heeeb }; such amount as
<br />may be sufficient to enable the Mortgagee to pay such taxes. assessments or other charges as they become due.
<br />4. Iawtrrrree. To keep the imprwements now or hereafter located on the real estate descreijedr herein insured
<br />against dsst%*. by,dre'and such other hazanka arc Mortgagee may require, in amounts and with earapanies aot:eptabie tq tihe
<br />Mortgl W. and IwIth loss payable to the Mortgagee.. In. cane of ldvi'under such policies the llfortgWe -p authorized to
<br />sdjtt+ij�„ collect and eompromkir, in its discretion. aU, ;cW to thereunder at its sole option. authciti2edtrieftherspplyCse
<br />pROareba to the restorstioe of the Property or upon 'tire Indebtedness secured hereby, but payments hereunder shall cdr,i.
<br />tine until the,wssavrozeO hereby are paakl in full.
<br />S. 13 Firtoir; lbr Tf tee and Insurance. Notwithstanding anything contained in paragraphs 3 and 4 hereof W. Cfae. •
<br />contrary. Mortgagor &hall par. -to the Mortgagee at the time of paying the monthly installments of principal and interesi;
<br />one- twelfth of the yearly taxes. assessments, hazard insurance premium, and ground rents (if any) which may attain. a
<br />priority over this Mortgage. all se reasonably estimated from time to time by the Mortgagee. The amounts so paid shall tb�
<br />held by the Mortgagee without interest and applied to the payment of the items in respect to which such amounts went
<br />deposited. The sums paid to Mortgagee hereunder are pledged as additional security for the indebtedness secured by this
<br />Mortgage. Mortgagor shall pay to Mortgagee the amount of any deficiency between the actual tuxes. assessments. insurance
<br />prerNuma and pound tents and the deposits hereunder within 10 days after demand is made upon Mortgagor requesting
<br />payment thereof.
<br />i. Repair. Maintertwice and Vae. To prompti) repair. restore or rebuild any buildings or improvements now or
<br />hereafter on the Property, to ke*p the Property in good condition and repair. without waste. and free from mechanic's or
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<br />other hons not expressly subordinated to the lien hereof; not to make. suffer or permit any nuisance to exist. nur to dmrin•
<br />ish or Impair the value of the property by any art or omission to act, and to comply with all requirement% #,A law with
<br />respect to the pmpert }.
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