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<br />MORTGAGE
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<br />This Mortgage is entered into !wh.",,,,,
<br />Husband and \H fe
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<br />MichaE'l .L W~lc!: 2~d 1-!cll-i W€lc.h
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<br />(nertln "'Mortgagor") and
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<br />_~__~Fiv", Points Bank ___~._(herein"Mortgagee"}~
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<br />Mortgagor is indebted to Mortgagee in the prindpai sum or $ 10, 500 . 00 _ . evidenced hy Mottgagor'snote
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<br />dated Oct"ber 29, 198~ (herein "Not.e") providing for payments or principal and interest, with thebalan~otthe
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<br />indebtedness, if not sooner paid, due and payable on Decembe r 28, 1984
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<br />To secure the payment of the Note, witb interest as provided therein, the payment or alIotherstlm$;withillterest;-
<br />arlvanred by Mortg~.. W. ~~ -~_ _~c~ty'~f~u; Mortge~, and th~- perf9M'..anC~ of th~ -ecven:''''lts-~d;'''____ -~~~~:C(-
<br />the Mortg"llDr ~ffi>tal,,~ !:"~jr.,M,,,'l!<<gui' does hereby mortgage and convey to Mortgagee the fonowing.~~d-
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<br />Lot SeV€li (7) i.n :3UH&e1. St.~venLh ~ubdivision~ being a part of t.-ne-
<br />Northeast Quarter (:-lEU of Section Eleven (11) Township Eleven (1)
<br />North, Range Ten (10) West of th.. 6th P,H. in Hall County, Nebraska
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<br />property located in
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<br />TogethN With all buildings, l!nprovement', I1xlures. stre<!ls, alleys, pas.>;ageways, ....ements, rights, privileges and
<br />appurtenances loealedthereon or m anywise pertaining thf'....tO. aflll the I'1'nt. issues and profits, reversions and remaindm
<br />thereof; including, but not limited to, heating and cooling equipmt'nt and sucb personal property that il;.l!I~},...!H:~t.~
<br />Lrn~rements aO as tv coti:Uituw a fixlur~; all of which. indudmg replacem~nts and additions tbereto~ is beieby'CIed.refl
<br />to l>f' a part of the real <'Stat" &"""I'<'d by th. Ii.on or thIS Mortgage and all of the r"regoing being referred to herein as the
<br />"Propt'rty" ,
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<br />L Payment. To pay the indebtedn~ss and th!? i!H.e-n';,.l ttWft'on as provided in this Mortgage and the Nate.
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<br />Mortgagor further con\~m\.,llt.s and agn-es~ with -Mortgagf't.'. lL"; follows:
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<br />2, Title, Mortgagor '" the owner of tI,,, Propt'rty. na, th., nghland authority to mOrlJlllgl> tb.. Property, and
<br />w..rrants that tll... Hell creawd twrehv IS a first and pnor lie" on the Propt'rty. ,'xc"pt as may otherwise 00 set forth herein.
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<br />@ The ~opt'rty !~ subjt~t to a Murtgti&t' wht-'rrtn .H:0fUB..,E.ede,.r.al__Sa.'Lin<Js &: Loan As;sn
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<br />is the Mortg~, rPcilriW(! ~t ~6 rt 79--0G"'#~~i ~.f t!w M.!)r1g~g~ R~!)o!'d5 of. __-HltlJ C--9tmty..
<br />Ne-braska~ whim Mortgag~ is- alien prior to th(' la'fl e,,'atP-d hprehy,
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<br />o Otht'l prior hens or l1.ncurnbrances:
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<br />3. Taxes. Assessments. To pay when due ail tax,",. sp.'<'ial ""s"ssments and all other charges against tlte Property
<br />and. upon written d"mand by Mortgagee, to add to t.he payments required under t.hr Note ",cured herehy, such amount as
<br />may be sUrrtel{!nt to enabl~ tht'- Mortgagt"e to pay sut'h taxes, 3.S-wssments or olh~r ("h3~ ~f+ th~y beeome- dus.
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<br />4-. insuranff. To K('f'p' thf> Improvt'ment.s now or hf'"reaftt'T h.K'st..d on the real .estate descril>ed hemin insured
<br />apinst damagt" by fire and sueh other hazards U$ Mortgat:w~ may n~quire. in amount$ and with ~..ompani('s a.cceprable to the
<br />Moncagee, and with 1.... payai;le to the Mortgagee, ill """" of 10'" uadt>r such p<>iicies the Mo~e is authori&e<iw
<br />&dim1, eolWct and romprotnJ.." in its discretion, aU dailm thereunder at. its SOlf' option. authorizedto..itherapplyth..
<br />~ to the reswrauan of the Property or upon the mdebtedn"", ",cured h"r..by, but payments hereunder shall_,
<br />tinue until thesulIlS socured hereby are paid in full,
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<br />5. 0 Escrow For TUell and lmurance. Notwithstanding anything contain,'d m paragraphs 3 and .j h..,eof to the
<br />~<.m!la!y. Idottpgor shall [lay to t.h.. Mortgage<' at t.he time of pavmg the monthly installments of prinCIpal and interest,
<br />onl'-t.welftb of the y...arly tax..., lL......._ntJi, hazard irtSutance p.-mlums, and gmund l't'nt. (ir any I which may attain a
<br />primit)' 0"" this Mortgllgt', &II "" rell5Ou.bly ""tima,..d fmm time to time by the Mongag'-.. The amounts so paid shall be
<br />beld by ilt" Mottgap' without intett'lit llnd apph..d to the pavment o[ th. ite_ ill restlf'ct to which such lln,ounts wen-
<br />df'ilOOiwd. Thv >tUN pllld to Motl&allt'<, hen-unCi"r ate pwdged a.s addItional S<','urity fo~ the illd.bt..dn.... secured by thi-s
<br />~. ~toltAll f'll). l<> Mrlrt~ the amount of any d.fid"nt'y b<-Iw....llthe actuat tax"", ...",....mf'nll<. insuran""
<br />ptt'lrtiU_ lmll .-roundnonto and th" deposIts h""'1I,)(t..r ""thin 10 days after dPmand is made upon Mortgagor requesting
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<br />6.. R-eptir. .M..~ tm:d U~, To promptly rf:lpait:~ :i~!,{tQr.. ~-Jr ft'uuiid a;hy bUiidUt~ or irnpto\'en:'Wnt.~ rww or
<br />~nr..riff' 00 to", f.ruprrty~ to. kf-+p tiit" ll-rope.tty In itV'od ['on-mUon .Inn r~J)aif., wtthout W3St\". ~nd fn"(' from me<<:~ha:ni\"s or
<br />othf.f ik.+~ tmt -t"::t~Y ~u.ootdina:ted t(l. th.t> U:('-u ht'ff-U.L rH,)'l to ma.ke-~ tU[tN or f)"rmH ~nv nut'i3nev b) tl-XUt. 1\or to dim.l"-
<br />~ U! tft1P*i~ tM -y~~r Vf tlw- ProPf'fty u}' 'm~)~ ttet or (nnr'i..~iOf~ t....: ,l1('i; and ~o ~'()nl~->>Y ~-!th 3H rr---4ulnH"rwn~ {1f la:w with
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