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<br />84 - 00348~ ;\ccount No.
<br />OPEN-END REAl ESTATE MORTG AGE
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<br />89276-0
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<br />Dale A. Burch and Claudia M.. Burch, Husband and Wife
<br />(-ailed the "\1nrt~ag.Uf". dn~~'nt:le;"\ r;jC~r':gi~~ll: I;'" t, 1:("\, l'ljC. (k",;;!'!~".-d (\.-.1; (-.1111(-"
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<br />. hereinafter
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<br />Lot Block 4,.. in Bel Air Addition to the City of Grand Island, Hall County,
<br />Nebraska
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<br />:':~~~':,i"~-~ ~~<:_'i:~~;jh: '!\~,': '~'lr,-:rr;~::::; 'i r:': he 8:,:ln~~~a~h&~~~~?_~W~~.~~-~ ~;h~~~ ~~~~, ~'~~i~ _~~~~ ~~ ~~'~'~.;_:;:.':;~-.~~~~~~d~~~~'~~~;~~:~~::
<br />- - - - - - - - - - - - - - - - - - 14 000 00 . '
<br />.........'..__.............................m.___,.. ....__..._>0".._._, ... ,." IS ___~. },I':LCtpt of Whl<;h IS herehy acknowledged. and ln
<br />cnnsiderallon ('d cO'\'t'n.ants ilnd a~ree11lenL<.: ht're-;n;lfld s~~t
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<br />PROMISSORY NOTE: T!lI~ iflorttjilge )5 !!Iven to securf! paYr'nfJl't of !hp "Hf)ount linanccd together wrth interest, according to the terms of
<br />the Mortgagor's ;JromissolY note ol thl!, d;jl('.
<br />ADDITIONAL ADVANCES: TI~I'i rT1ortgaql:! Shdlr SfJcure any arldltlQna! amounts flnanCfld together with interest, which-may be made at the
<br />mortqa9'1e'S option (It any tHY!f! b{;lar~ lhe re!eaSl:! oj Ihi~ mortg;Jg~ ptovidf!d, the aggregate amount secured ~hall r'lot exceed the maximum
<br />amount DCrmiltl:'d by taw, exco:!pt that l~othmQ herein cDolalmJO shaH 'be cO(lsidered as hmitjn9 the advance'5 secured ~ereln which are madEi_ to
<br />pfOtCCT the seCUritY Of made In a<:cordance wJ1h cove.nants CGntal'1ed m thls mortgage. Any additional advances, with interos~, made bV the
<br />mortgagee to the mortgogorJi. Or therr SlJccessors In ,ttle, for (tf"1Y purpose, at any time ~fort! the release and cancellation of ,this mortgage-.-but
<br />(It no tmll3 shalf the aggregate pnncir><ll amount secured by thIs mQrtgage,ooing the amount due at any time on said ,original 'note ,and _any
<br />additional advances made, exceed {'he onginal p(lnClPal amount secured by thl!i mortgage, being the ,sum as $9t forth -above;- ptovided'-that
<br />nothing herel,., conUllfHld shall be conS1d~fed flS llrPltJng the ,amounts that shall be secured hereby_when advanced to protect thlt security ,or in
<br />accordance w,rh convp.nants contained In the morfgage
<br />WARRANTY: The Mortgagor her~by I:;ovenants wllh the Mortgagee that the Mortgagor IS lawfully seiled of the-ptemi-ses, t"at' the-premises
<br /><Ire free from -E'ncumb!'ances; that Mortgagor hi;ls gcod, nghi and lawful i'H,Hhorlty to convey the premises, and that the Mongsgor_warrants-ana
<br />VVlII defend the (ltle against the lawh,! clalfns of all pcr$om. whom:. tr, e:xceot........_..-._....
<br />nSllbj."lO.t:..t9...Fi:rs.t:.J19.rtggK"nht;ld.nQyHom" r ',"l"Fa~.~~Y:i.I1gs. .1i<.,1'?;!,'"
<br />.1I2Pr:ox'nB"lanc<=9~J.,.7(l(),O().. .
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<br />1DI1Ul1lOfM1-St....I-w ed
<br />CONNIE E. ClS1'EIlMAN
<br />My CoauI. up. .... 10.1.
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<br />C "\t'l.. L<t liAl t~.,<:: [10',1 t,. b;:
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<br />th.~ir..
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<br />\:olllHtary act and dee_d.
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<br />OWNERSHIP: If there is any change tn the ownershIp of the premlSfHi by .5;11e or othenNl$e, then at the ele,ction of the iMr.:gagee:the _unpaid-'
<br />balance of the amount fll1anc~d mcludlll!} ..i ..i';onaJ amounts flnBnCed together with interest shall become due and -payable.-at Or]c~:rwitho-ut-
<br />demand or noti(.."tL
<br />INSURANCE AND TAXES; The Mortgagor ,>hall mclfntam hre, WindstOrm and extended coverage insurance upon- the premi_ses_ir:"an aiTlo__unt
<br />not less thar; the mdebtedness due the Mortgi'lgee wrth a io~s-payablc clause 10 favor of Mortgagee. T.he _":1ortgagor-_agrees note-to _~~mit. nQr
<br />permIt W3!>te on fhe premises. Tb~ Mortg<lgor :;hal! pay all tne :ax!!s. leVIes and assessments upon the_premHwll before they_ beCQme__ delinq:uen:t,_
<br />It, the eveflt the Mongi;lgor shall I,Jil to obl8m Insur;:Jnce or pay ta)(~s and other hens beforll deirnquent~ the Mortgagee may eithEw,paw'the:ro.
<br />creating a he,1 !>ecur",d her~bv lor the amounts so advanced logether With interest at the annual percentage rate ,of- twelve per cehLi12%);-,or
<br />conSIder Mortg8!}Or !f\ o+;fauit
<br />DEFAUL T: Tl)e Mong.Jgor IS \1; defaUlt d allY oj the H!rrn$ and conditiOns- of th~s tTtOrtgt!gt! Or the,ptolTliss:Jry flots or r'!otes_secured-'h~_rebV,~r~
<br />breached. Upon deftlult. the Ml)nga!,let' NlIhou{ demand ()f nOl.ice mav declare the ~nttre debt se",ur~d by tbs mortgage-due at.-once_aod-mav
<br />foreclose t!lIS mortg.a9t' lor th\~ satlsfactlOll thenwl
<br />RENTS: All rent:> !Wu profits drm\l~d frorn the pr!1rnises arB ~p.febY assigned to till:; MQrtuage_i? and upon defaoh-sucb rents and'pr9fifi. shE!IIJ)E;!:
<br />[Jwd dHt'ctiy to the Mon.yagee to be appl!\;d -'lgalnst the unpiHd bali;lnce of aoy and all Jdvances _s~curt:d,herebY t~ther with _interest_ lJPon
<br />di.dault the MQrtga~lt shall b\, entnled 10 IInrnedlati! P0SWS$lOn of lht~ prl:!i'l1lWS. The MonUClgor Irrevoc.ably appo-mts the Mongage_e"aod"it5
<br />assIgn", and successors tllS attorney.m-fijC( to r{:nt. manage and m<JH"ltalfl the premis,::s-dS It de~ms best. (tIll; the Mortgagor fuf'the'r agrees,tQ___pay
<br />S<lld al!ornt.'y a reasonable fee for 'ouch S!!PollC~S.
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<br />",n,J Ii,,, 1?5th.j( ""Y ~".
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<br />x{i!I.1r;j;~~,.,,:- .
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<br />Glaudia M. Burch ' .
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<br />STATE Of ..N"i:>r:",8.it".
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<br />CO[;!>;TY O! Ha 11
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<br />ss,
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<br />\1ortgag.or
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<br />kl'I"l~ :'1~', .! S-'ltalY PublIC quaid'icd fOf_ said
<br />Vale ~E~.~w ~,~.r:.~.J) . ~.~_~.-_~}.~_~~.~Ci. .M"~_, ~,~!.CI:~
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<br />krld'-'.-n ii' D<~ tht: ldc:nlH ;~i
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<br />\1y C'Jmm,s.~1<)n E...p.::~'~;
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<br />11.,,:,:ch 10.,,198.6,
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<br />"iTSFS, "" ""no ''''C!t;:~::c,,, <-t:W===:,,19;ltL
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<br />Notary- Public
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