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<br />84,-
<br />MORTGAGE
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<br />004557
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<br />This 'Mortgage is entered into'between
<br />and Wife
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<br />Danny K. Oberg and Kimberly S.Oberg, Husband
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<br />(herein -"MortgagQr") and
<br />__(herein "MQrtgagee ").
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<br />FIVE POINTS BANK
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<br />MortgagQr is indeb..d to MQrtgagee in the principal slim Qf $ 7 . 000 ,O~, evidenced by MortgagQr's ~Qt'"
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<br />dated 8-30-84
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<br />(herein "NQte") providing ror payments Qf principal and'interest, with the, balance'Qf,the-:
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<br />indebtedness, ir nQt SOQner paid. due and payable Qn--------2125/85
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<br />TQ secure the payment Qf the NQte, with interest as prQvided therein, the payment-Qfall -otherstlml;; ,with interest;-
<br />advanced by MQrtgagee tQ prQtect the security of this MQrtgage, and the perrQrmanceofthe covenallts'andilgreemen:ts.:~;
<br />the MQrtgagQr cQntained herein, MQrtgagQr dQeshereby mortgage and cQnveytGM()rtgag",,;t\lefoij~wingdOseiiill>d:-
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<br />prQperty located in
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<br />Hall
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<br />CQunty, Nebraska:
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<br />Lot Eleven (ll), in Block Three (3). Normandy Estates,an Addition: to_-the ,-
<br />City of Grand Island, Hall County, Nebraska
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<br />Together with all buildings, improvements, fixtures, streets. alleys, passageways, _easements. _rig~ts.:-_pt:iYil~@,:~C:!t ;
<br />appurtenances located thereon or in anywise pertaining thereto, and .th{' rents, issues an.d-profits;~versi~~,:an~;~~~p4~i$j-' ';
<br />thereQr; including. but not Iimi~ed tQ. heating and cooling equipment and such personalprQpertythatisat~~d,to,t\leF
<br />improvements SQ as tQ cQnstitute a fixture; all Qr which, including repl.....ments and additions thereto, Is hereby,declaie'd,
<br />tQ be a part Qf the real estate secured by the lien of this MQrtgage aud all Qr the fQregoing being referred tohel1!in;#;ihe'.
<br />"Property", ' ,
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<br />Mortgagor further convenants and agrees. with Mortgag~e~ as .follows;
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<br />1, PaymenL To pay the indebtedness and the int,'rest thereQn as provided in this MQrtgageandtheNQte,
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<br />2. Title, MQrtgagQr is the owner Qr the PrQperty, has the right and authQrity tQ mortgage the. Property; and. ,
<br />wanants that the lien created hereby is a first and prior lien on the Pr_operty. except as may, otherwise be-set 'f~,h~~f
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<br />lID The Property is subject to a Mortgage whNt'ln __.__.No.t:.west._L.inanrl.=d
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<br />is the Mortgagee, recorded at BoQk ._"___ , Page ___ _ Qf the MQrt~age RecQrdsQf Ha 11
<br />Nebraska, whh:h Mortgage is a lien prior to the lien ('reated IHm~by.
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<br />o Other prior liens or E'ncumbrances:__
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<br />3. Taxes. Assessments.. To pay when due all taxes. special aSSeSSffif;'nt...'i and all. other charg~s agaJ.nst, the. }lrvperty
<br />and, upon written demand by Mortgagee. to add to th~ payments [(>quin'd und...r the,' Note secured hereby, such amount as
<br />may be sufficient to enable the Mortgagee to pay such,taxes, assessments or other charges as they become,d~e.
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<br />4. Insurance. To kee-p the- improvements now or hereafter located on the real estate described h~rein insured
<br />against damage by fire and SUCh other hazards as Mortgagt.~f' may require~ in amounts and, with companies accepta,ble to the
<br />Mortgagee, and with IQSS payable tQ the MQrtgagee, In casp of loss nader sueh policies the Mortgage.e is authorized. to
<br />adjust, collect and compromise, in its discretion, aU claims thereunder at its sole option. authoriz('d to ~itherappl)'.the
<br />PIOL'eeds to the restoration of the Property or upon the indebtedness secured hereby, but payments hereunder shall cQn~
<br />tiuue until the sums secured hereby are paid in full.
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<br />S. 0 EscrQw FQr Taxes and Insurance, NQtwithstanding anytbing eQntained in paragraphs 3 and 4 hereQr tQ the
<br />contl'llry, MQrtgagQr shall pay tQ the MQrtgagee at the time of paying lhe monthly installments Qr principal and interest,
<br />Qne.twelfth or the yearly Ul.,<es. assessments. hazard insurance premiums, and ground rents (if any) which may attain a
<br />priQrity Qver this Mortgage, all as reasonably estimated rrQm time to time by the Mortgagee, The amQunts so paid shall be
<br />held by the MQrtgagee withQut Interest and applied to the payment or the items in ,,'spect tQ which such amQunts Were
<br />deposited, '!'he .sums paid tQ Mortgagee hereunder are pledged as additional security ror the indebtedness secured by this
<br />Mortgage, Mor~gagorshall pay to Mortgagee the amount of any deficieney between the .etual taxes, ass.ssments, insurance
<br />premiums and ground rents and the depQsits hereunder within 10 days arter demand is made upon Mortgagor requesting
<br />payment thereof,
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<br />6. Repair. Mainten~nc,e ~lOd Use. To pronlpUy f('pair. reston' or rt'build any buildings or irnpr:ov4!mt:'nts now or
<br />ht,~reafwr on tl\e Property; to keep th\. Property _in good condition and repair. wit.hout wash_'. an_d fHl~' from nwehanic's or
<br />o,Uu~tlit!n~ not -\'xpres$.ly subordinated to thl' lien her~'of; n~t to makl,', sufft'r Of pt.~nnit 'any nllJsan(~c to l?xi:;.l. nor 1.0 dimin-
<br />ish Of' impalr- the' valu~ of thf.' Propt.rty by' any act. or Omis.~lon to nct~ and to comply wit-h ltlll\'qllin.~tW~nl.s of law with
<br />I't'speet t<> the Property,
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