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F
<br />IN
<br />MORTGAGE
<br />86-1111110. 102186
<br />This Mortgage is entered into between ___Collins Ali -,ers and Renee _Alix_rS__- w -and
<br />Wife _ (herein "Mortgagor ") and
<br />---------.------------- .-- _.----- .__.----- --- - -- - -- -.___._(herein "Mortgagee ").
<br />Mortgagor is indebted to Mortgagee in the principal sum of $ _3Q.,.U.R4..114._.__ , evidenced by Mortgagor's note
<br />dated _.MaK_1._ 19BI:_____.._ (herein "Note ") providing for payments of principal and interest, with the balance of the
<br />indebtedness, if not sooner paid, due and payable
<br />Tosecure the payment of the Note, with interest as provided therein, the payment of all other sums, with interest,
<br />advanced by Mortgagee to protect the security of this Mortgage, and the performance of the covenants and agreements of
<br />the Mortgagor contained herein, Mortgagor does hereby mortgage and convey to Mortgagee the following described
<br />property located in __.- Hall ____..____._.._ County, Nebraska:
<br />Lots Seven (7) and Ten (10) and that part of Lot Eleven (11) more
<br />part.icular.ly described as follows:
<br />Beginning at the westerly corner of Lot Eleven (11) (Which
<br />is also the Northwest Corner of Lot Seven), thence in a northeasterly
<br />direction on the Northerly line of said Lot 11, a distance of 71.5
<br />feet, thence in Southeasterly direction on a line at right angles
<br />to the Northerly lot line, a distance of 49.0 feet to a point on
<br />the southerly line of said Lot 11, (which is also the Northeast
<br />corner of Lot 10) thence westerly on the southerly lot line of
<br />said Lot 11 a distance of 86.5 feet to the point of beginning.
<br />All being in Block Four(4) Re- subdivision of Block 4, Second addition
<br />to Holcomb's Highway Homes Subdivision, in the Northeast. Quarter
<br />of the Northeast Quarter of Section 28, Township 11 North, Range
<br />9 West of the 6th P.M.
<br />Together with all buildings, improvements, fixtures, streets, alleys, passageways, easements, rights, privileges and
<br />appurtenances located thereon or in anywise pertaining thereto, and the rent., issue. and profit~, reversions and remainders
<br />thereof; including, but not limited Io, heating, and cooling equipment and such personal property that is attached to the
<br />improvements so as to constitute a fixture; ail of which, including replacements and additions thereto, is hereby declared
<br />to be a part of the real estate secured by the lien of this Mortgage and all of the foregoing being referred to herein as the
<br />"Property ".
<br />Mortgagor further convenanls and agrees. with Mortgagee, as follows:
<br />1. Payment. ro 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, ha% the right and authority to mortgage the Property, and
<br />warrants that the lien created hereby is it first and prior lien on the i'ropertc, except as may otherwise be set forth herein.
<br />I-1 The Property is subject to a Mortgage wherein
<br />is the Mortgagee, recorded at Book . ___ . - -- . _ , Page 41f tiro Mortgage Records of
<br />Nebraska, which Mortgage is a lien prior Lo the lien created herehN .
<br />❑ Other prior liens or encurnbram•rs:
<br />3. Taxes, — %essments. To pay when duo' 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 hereby, such amount as
<br />may be sufficient to citable the Mortgagee to pay such taxes, assessments or other charges as they become 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 M ongagee may require, in amounts and vvttil Conrpaures acceptable to the
<br />Mortgagee, and with tons payable to the Mortgagee. In case of loss under such policies the Mortgagee is authorized to
<br />adjust, collect and compromise, in its discretion, all claims thereunder at its sole option, authorizedtoeitherapplythe
<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 paid in full.
<br />5. a h:scrow For Taxes and Insurance. Notwithstanding anything contained in paragraphs 3 and -t hereof to the
<br />contrary, Mortgagor shall pay to the Mortgagee at the time of paying the monthly installments of principal and interest,
<br />one-twelfth of the yearly taxes, assessments, hazard insurance premiums, and ground rents (if any) which may attain a
<br />priority over this Mortgage, ail as reasonably e,timatcd from time to time by the Mortgagee. The amounts so paid shall tw
<br />held by the Mortgagee without. interest and applied to the payment of the items in respect to which such amounts were
<br />deposited. The sums paid to Mortgagee hereunder are pledged a, additional security for the indebtedness secured by this
<br />Mortgage. Mortgagor shall p ;tv t,; Mortgagee- the arnount of any deficiency betw -,ii the actual taxes, asse�cnunt., insurance
<br />premiums and ground rewi imr! the deposit, hereunder within 10 days after demand is made upon klorlgagor regmsling
<br />Payment thereof.
<br />K itepait, Mrtntenarrce and I're, to pnrinptic o pair, restore nt rebuild any buildings or uatpruremenit, ntrw or
<br />hereafter on the• Property ; It, keep the Proptrty 111 Kood ctrndi th n Will rrpwr. v+itho"t iva. h , and free front tn(Whan It ur
<br />other ions not exprer, v •a ;r.,ndur:ale,f in i!.c lien hrreot tzw to make, ,iif`er or ;-rrnu am nuisance to exist. 11,11 ter itiotin-
<br />10, or AnPair its, salt <,I :"1r act or omi"lon ter m t, and I_, s,ltnply ivith all ru(;oirrmrni.s I" lac lvilh
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