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Commercial Federal <br />4 a Lom Asooc* on <br />s Co "timer LUM, Dp.M,ent <br />P.O. fox 1103 D.T.S. <br />COMM, WE 88101 (402) 554 -9595 <br />F <br />87-- 101122 <br />i, Robert W and ism F. Evann, hereby give COMMERCIAL FEDERAL <br />Sarm 00o-9�'6 Nerve NW Thx Rekbw*W <br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: <br />823 N Howard, Grand Island, Nebraska 68801 <br />Lot 6, in Block 8, in West View Addition to the City of Grand Island, Hall. <br />Cmmty, Nebraska and That part of vacated 9th street as shaven in Ordinance <br />No. 4948, filed in Book 21, Page 316. <br />If more than one person signs this mortgage, the word "I" means 'we`. <br />This mortgage secures a ban made by Commercial. A note dated the same date as this mortgage contains the terms <br />for repayment of that loan. if that note is ever changed or replaced by a new note, it will still be secured by this mortgage. <br />I promise the following things: <br />1 All payments on arty note or other debt secured by this mortgage will be paid when due. <br />2_ An insurance policy for fire and extended coverage will be kept in force on the property in an amount at least equal <br />to the debts secured by this mortgage plus any other mortgages Wed in paragraph 6. The insurance company must <br />be satisfactory to Commercial, and Commercial will be a named insured on the policy. <br />1 Alt taxes and assessments on the property will be paid before they become delinquent. <br />4. No waste will be comffiM d on the property, and it will be kept in good repair. <br />S. The property will not be sold (including by land contract), l eased, and no interest in it will be assigried in arty way. <br />6. IoTN%O*C111garhd dear of any other mortgages or except: First Naytsv,al R,tr - <br />C11 137. rid nrron Nrxng 1� ror#ppe <br />7. No other mores or lien on the property will ever be allowed to be in default or be foreclosed. <br />If any of these promises are not kept, then Commercial can declare all of the debt immediately due and payable without <br />advance notice. The interest rate will increase to 19,00% or any greater rate allowable by law at that time, and this mortgage <br />can be foreclosed. If the debt is accelerated, then I also assign arty rent or other income from the property to Commercial. <br />Certain amounts can be paid by Commercial and added to the debt sect by this mortgage. They are any taxes or to <br />insurance I have agreed to pay but W to, any legal action brought by someone else concerning property, and attorney fees or court expenses it which party law <br />might allow in Commercial has to go to court against me to collect the debt or foreclose this mortgage. it any of these things <br />happen, then the additional debt will accrue interest at the same rate as the rest of the debt aid must be paid rrnme y- <br />9 this property is ever condemned under the power of eminent domain or any similar method of tatting property. for public <br />use. any proceeds of die taking will be paid to Commercial Lip to the full amass of the debt secure& <br />joi4,� <br />ecrmr. s s7m" <br />S <br />t� -<-a- <br />ToGWi D.W 's sv- <br />STATE OF NE$RASKA ) <br />COUNTY OF te- j ss. <br />On this 26Yh � F 19 97 , before me. a notary public in and for said county, <br />persori y carne 7 � —, to rile known to be the identical person or <br />personis whose name is or names are affixed to the above mortgage, and they, he or she severalty adaowfedged the said <br />insthswit and the execution thereof to be their voluntary act and deed. <br />WITNESS my hand and notan iii seat the day and year last a <br />/bove <br />(, <br />Gs <br />.'r.R <br />7 -16 -8$ <br />MY expires 111L.scat,.-- <br />ar .i <br />11 <br />Rey. tl°DS <br />a <br />J <br />