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t ` • Commercial Federal 87— 101201 Uvin" a Loan A�sodation Conant.. Lawn MORTGAGE P.O. Bat 1103 O.T.S. OnaMs, NE 68101 (402) 554 -9595 1, Terrance L. Rose and Judy D_ Rose hereby give COMMERCIAL FEDERAL 9a' WC048d+awer's Name " They Rc iati g*tM SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the W wing property: Lot Twenty Seven (27), Block Three (3) in Olde Mill Subdivision, City of Grand Island Hall County, NE If more than one person signs this mortgage, the word `I- means 'eve- - This mortgage secures a loan made by Commercial. A note dated the same date as this mortgage contains the tertrrs for repayment of that loan- If that note is ever changed or replaced by a new rote, it will still be secured by this mortgage. I promise the following things: 1. All payments on any note or other debt secured by this mortgage will be paid when due- 2- An insurance policy for fire and extended coverage will be kept in force on the property in an amount at equal to the debts secured by this mortgage plus any oar mortgages listed in paragraph 6. The insurance company must be satisfactory to Commercial. and Commercial will be a named insured on the policy. 3. All taxes and assessments on the property will be paid before they, become delinquent. 4. No waste will be committed on the property. and it will be kept in good repair- 5. The property will not be sold (including by land reed). leased. and no interest in if will be assi�led in airy way. 6. 1 own the property free and dear of any other mortgages or except: will Mortgage 7. No other mortgage or hen on the property will evw be allowed to be in default or be foreclosed. If any of these promises are not kept, then Commercial can declare all of the debt immediately due and payable without advance notice- The interest rate will increase to 19.00% or arty greater rate allowable by law at that time. and this mortgage can be forectpsed- If the debt is accelerated, then I also assign any rent or other income from the property to CarsmrerciaL Certain amounts can be paid by Commercial and added to the debt secured by this mortgage. They are any fates or insurance 1 have agreed to pay but fail to, any attorney fees or court expenses Commercial pays if # is made a party to arty legal action brought by someone else concerning the property, and any attorney fees or court expenses which cite tam might allow if Commercial has to go to court against me to collect the debt or foreclose this mortgage. If arty of these tf3tgs happen, then the additional debt will accrue interest at the same rate as the rest of the debt and must be paid immediately If this property is ever condemned under the power of eminent domain or any smear method of taking property W pubic use, arty proceeds of the taking *4 be paid to Ctxtirneitiall up to the frill amo rd of the debt secared- emo+ers sqy, -•aft _a!4T Twain nine c�aom.+�s tease - STATE OF NEBRASKA ) COUNTY OF Hall ) ss, On (his 27 _day of Feb_ 19 87. before me. a notary public in and for said county. personally came Terrance L_ & 19 D 'at to me known to be the identical person or persons whose name is or names are affixed the above mortgage, and they. he or she severally a&xewWged the said instr rnent and the execution thereof to be their voluntary ad and deed - WITNEri8n" 066"WRotartal seal the day and year last above written. G048BAL NOTARY SW-dHGW NrRaey Rt,cs 5 My commission expires a <- L L J