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N <br />• Commercial Federal 87- 11131 <br />tort AaSaCl.titm <br />Cormnw Lo" r"TINIPM MORTGAGE <br />P.O. Box 1103 D.T.S. <br />0maha, HE 68101 (402) 5549595 <br />f Curtis Baker and Vicky L. Baker hereby give COMMERCIAL FEDERAL <br />9uw�'r:.o-6ormwer's Nr s ua Thm nwew4hp <br />SAYINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property_ <br />Lot Thirteen (13), R.. & B. Subdivision, Hall County, NE <br />If more than one person signs this mortgage, the word "1" means -we'_ <br />This mortgage secures a loan made by Commercial. A note dated the same date as this mortgage contains the terms <br />for repayment of that loan. If that rote is ever changed or reptaced by a new note. it will still be secured by this mortgage. <br />I promise the following things: <br />1. All payments on any 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 face on the property in an amount at least equal <br />to the debts secured by this mortgage plus any caw mortgages listed in paragraph 6. The insurance company must <br />be satisfactory to Commercial. and Commercial will be a named insured on the policy. <br />3. All taxes and assessments on the property will be paid be* a they become delinquent. <br />4. No waste will be committed on the property, and it will be kept in good repair. <br />5. The property will not be sold (induding by land ). leased, and no interest in it will be assigned in arty <br />6. 1 own the property free and clear of any other mortgages a encumbrances "ma <br />ances except f'nmrrial FprfPral _ & L <br />. r=nznar rcorm r+atg� <br />7. No other mortgage or lien on the property will ever be allowed to be in detautt or be foreclosed. <br />If arty of these promises are not kept, then Commercial can deriane as of the debt immediately due and payable wdhout <br />advance notice. The interest rate wdt increase to 19.00% or any greater rate allowable by law at that time, and this maigage <br />can be foreclosed_ If the debt is accelerated. then I also assign any rent or other income from the property to Commercial_ <br />Certakt amounts can be paid by Comrnerdaf and added to the debt secured by Itn mortgage. They are any taxes or <br />insurance 1 have agreed to pay but fail to, any attomey fees or court expanses Commercial pays if it is made a party to <br />any legal action brought by someone else concerning the property and any attorrey fees or court expenses which the taw <br />aught allow if Commercial has to go to court against me to collect the debt or foreclose this mortgage. If arry of these things <br />gs <br />happen, than the additional debt will accrue interest at the same rate as the rest of the debt and must be paid iiinneciatehr_ <br />B MRS property is ever condemned under the power of eminent domain or any send mretitod of taking property for public <br />use, any proceeds of the talimg will be paid to Commerciaf up to the full amount of the debt secured_ <br />ems.., z s�•� ,` <br />Tour -s lore - coaom.a s S�rrf' <br />STATE OF NEBRASKA ) <br />C OLWTY OF Hal l ) ss. <br />23 Feb. 87 <br />On day. of 19 T _ _ before me_ a rx�ry t is in and for said county, <br />PC! 1 y a- er - to l to be � person or <br />persons whose name is or names are affixed to the above mortgage, and they, he or she severally acknowledged the said <br />instrument and the execution thereof to be their voluntary ad and deed <br />wf%&% W ~ notarial seal the day and year fast above wriften. <br />h <br />G1 ALNOTARYSmi —INabr +..,, ^:,,.,, , <br />_ Mr Ganei.EwJr1.29,148Y sorry Rests she - <br />My commission expires j - a `�. -t <br />In <br />a <br />7 <br />CL-27 <br />R_ 1115 <br />J <br />r' <br />_.J <br />