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<br />THIS MORTGAGE is entered into between Joseph Cervenka Jr. and Marcelene Cervenka
<br />(herein called "MORTGAGOR "), and Central Nebraska Community Services, Inc., a Nebraska Non-
<br />Profit Corporation (herein called "MORTGAGEE) ".
<br />MORTGAGOR is indebted to MORTGAGEE in the principal sum of Eleven thousand
<br />eight hundred twenty-eight dollars ($ 11,828.00), evidenced by a Project Loan agreement, dated
<br />February 21, 2003, (herein called "Agreement "), plus any and all change orders, with payment due on
<br />Februaq , 2013, unless forgiven as defined below.
<br />To secure the payment of the amount due under the Agreement and the performance of the
<br />covenants and agreements of the MORTGAGOR contained herein, MORTGAGOR does hereby mortgage
<br />and convey to MORTGAGEE the following described property:
<br />Koehler Place N 22' LT 12 & S 22' LT 13 BLK 7
<br />together with all buildings and improvements located thereon, and the rents, issues and profits, revisions,
<br />and remainders the real and all of the following being referred to herein as the "Property".
<br />MORTGAGOR further convenants and agrees with MORTGAGEE as follows:
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<br />1. Payment. To pay the Indebtedness as provided in this Mortgage and the Agreement with
<br />a due date of February 22 , 2013 unless forgiven by virtue of properly having not
<br />transferred ownership from MORTGAGOR nor principal residency of MORTGAGOR
<br />having been relinquished prior to the date previously stated. Should MORTGAGOR
<br />permanently vacate Property as described above payment shall be made as follows:
<br />DATE OF SALE OR PERCENT OF DATE OF SALE OR PERCENT OF
<br />CHANGE OF INDEBTEDNESS CHANGE OF INDEBTEDNESS
<br />OCCUPANCY TO BE REPAID OCCUPANCY TO BE REPAID
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<br />25 - 36 Months
<br />80%
<br />97 - 108 Months
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<br />THIS MORTGAGE is entered into between Joseph Cervenka Jr. and Marcelene Cervenka
<br />(herein called "MORTGAGOR "), and Central Nebraska Community Services, Inc., a Nebraska Non-
<br />Profit Corporation (herein called "MORTGAGEE) ".
<br />MORTGAGOR is indebted to MORTGAGEE in the principal sum of Eleven thousand
<br />eight hundred twenty-eight dollars ($ 11,828.00), evidenced by a Project Loan agreement, dated
<br />February 21, 2003, (herein called "Agreement "), plus any and all change orders, with payment due on
<br />Februaq , 2013, unless forgiven as defined below.
<br />To secure the payment of the amount due under the Agreement and the performance of the
<br />covenants and agreements of the MORTGAGOR contained herein, MORTGAGOR does hereby mortgage
<br />and convey to MORTGAGEE the following described property:
<br />Koehler Place N 22' LT 12 & S 22' LT 13 BLK 7
<br />together with all buildings and improvements located thereon, and the rents, issues and profits, revisions,
<br />and remainders the real and all of the following being referred to herein as the "Property".
<br />MORTGAGOR further convenants and agrees with MORTGAGEE as follows:
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<br />1. Payment. To pay the Indebtedness as provided in this Mortgage and the Agreement with
<br />a due date of February 22 , 2013 unless forgiven by virtue of properly having not
<br />transferred ownership from MORTGAGOR nor principal residency of MORTGAGOR
<br />having been relinquished prior to the date previously stated. Should MORTGAGOR
<br />permanently vacate Property as described above payment shall be made as follows:
<br />DATE OF SALE OR PERCENT OF DATE OF SALE OR PERCENT OF
<br />CHANGE OF INDEBTEDNESS CHANGE OF INDEBTEDNESS
<br />OCCUPANCY TO BE REPAID OCCUPANCY TO BE REPAID
<br />0 - 12 Months
<br />100%
<br />73 - 84 Months
<br />40%
<br />13 - 24 Months
<br />90%
<br />85 - 96 Months
<br />30%
<br />25 - 36 Months
<br />80%
<br />97 - 108 Months
<br />20%
<br />37 - 48 Months
<br />70%
<br />109 - 120 Months
<br />10%
<br />49 - 60 Months
<br />60%
<br />120 Months + 1 Day
<br />0%
<br />61 - 72 Months
<br />50%
<br />Title. MORTGAGOR is the owner of the Property, has the right and authority to
<br />mortgage the Property, and warrants that the lien created hereby is a valid lien on the
<br />Property.
<br />2. Taxes and Assessment. To pay when due all taxes, special assessments and all other
<br />charges against the Property.
<br />3. Insurance. To keep the Improvements now or hereafter located on the real estate
<br />described herein insured against damage by fire and such other hazards.
<br />4. Taxes and Insurance. MORTGAGOR shall pay the real estate taxes and insurance
<br />payments and shall keep such payments current during the term of this Mortgage.
<br />5. Repair Maintenance and Use. To promptly repair, restore or rebuild any buildings or
<br />improvements now or hereafter on the Property; to keep the Property in good condition
<br />and repair, without waste, and free from mechanic's or other liens not expressly
<br />subordinated to the lien hereof, not to make, suffer, or permit any nuisance to exist, nor to
<br />diminish or impair the value of the Property by any act or omission to act; and to comply
<br />with all requirements of law with respect to the Property.
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