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I r ~c Commercial Federal fS Savings & Loan Association Consumer Loan Department P.O. Box 1103 D.T.S. Omaha, NE 68101 (402) 554-9595 MORTGAGE 87- 107365 I, Rich Daly and Dawn Daly . hereby give COMMERCIAL FEDERAL 80rr"0we!"'s Co:8orToWef"s Name and 'Jl;etr RetatJOnsh{) SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: lot 15 Block 2 Dickey Third Subdivision to the Citv of Grand Island Hall County Nebraska~ . If more than one person signs this mortgage, I/'le wOld .'.- means '"we.. This mortgage secures a loan made by Commercial. A note dated the same dale as this mortgage contains the terms for repayment of that loan. If that note is ever changed or replaced by a new note. it \\ilI sliD be secured by this mortgage. t promise the following things: 1. All payments on any note or ollier debt secured by this mortgage wj]l be paid \\'hefi due. 2. An insurance policy for fire and ex1ended coverage will be kepi in force on the property in an amount at !east equal to the debts secured by this mortgage plus any other mortgages tJsted in paragraph 6. The insurance company must be satisfactory to Commercial. and Commercial wm be a named insured OIl the poky. 3. All taxes and assessments on the property wlTJ be paid belore Ihey become delinquent. 4. No waste will be committed on the property. an[! l1 will be kepl in good repair. 5. The property wm not be sold (induding by land COllb'act). leased. and no intENeSt in it >>iliI ~ as&i!1fIed ill jlIIy \Vqy. 6. I own the property free and clear 01 allY other rnor1gages or eocurnbI-ances except: tQU 1 ta b-' e IS t d"Q li. loa Jl A $ I; 0 C . f'ra-cmf........,., H:Jd.-g '" ~ 7. No other mortgage or lien 011 the property will ever be allowed 10 be in dclaull or be foreclosed. If any of these promises are 001 kept then Commerolal can declare all 01 the deb! immediately due and payable \\1thoot advanoe notice, The inleresl rate will iocrease 10 19.00% or any grealer rale a1lawable by law allhat time. aM It1is mortgage can be foreclosed. If the debl is accelerated. then t also assign any ren! or olher inoome !rom the property to Commercial. Certain amounts can be paid by Commewal and added 10 the debl secured by Ihis mOdgage. They are any taxes Of insurance t have agreed to pay but tail 10. any attomey fees or oourt e~ CI:lmm&ciaI pays if it is made a party k> any legal actiOll broughl by someone else ooncerniDg the property. aoo any al"<lmle)' fees or coort exnenses \\hich the law might allow if Commercial has to go to court against me 10 collect the deb! or beolose fuis mortgage. if any of these things happen. then !he additional debt will aocrue inleres1 al the same rale as the rest of the debl and must be paid immedial~. If this property is ever oondenmed under the power 01 ermnent domain or any simllar melOOd of laking property for public use, any proceeds of the ta1\ing will be pallj 10 Commeroa,l uJl 10 !he full amoonl 01 the debl secured. ) ~/l~ ,,,( X~ ,k<-v " ,. me ~ s:;, , ,'\ - u., ,..," -'"\. "'~" '3 C"J8:m'C'lWfU ~ SI;J..rLr"e D \1. -~q-:'" T_yli Dale STATE OF N86RASKA COUNTY OF Ha 11 ss. On this ?3rd day 01 December. 19--1lZ belDre me. a nolary pub&ic in and for said county. personally came R i rhO" 1 y "fl d 0 a W fl D a 1 y . 10 me knowo to be the Idenlical person Of persons whose name is or names are affixed 10 the abm-e mD!1gl!Ige. aM !hey. I1Je or she 5e\'era'lly admow~ the said instrument and the eKecull()l1 Ihereollo be their \odloo'lary act and deed. ~Vil~.~~ notGnal seal the day and )-ear last abm>e wmten GfNERALNOTARY -'.:C"I:.":,, -... ... MyCccmn.bp.H."L211.111S8 ""oMT\ ".o,u Sgoll1~ , .. My commission expIres ." \ - ... , Cl,2; ~ H8,S L L L ~ I ~ ... ~