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L • Commercial Fedeeral S swings a Loan Association 87. 101890 Consumer Loan Department MORTGAGE P.O. Box 1103 D.T.S. Omaha, NE 06101 (402) 554.9595 Stephen P. Morris and Leanne Morris hereby give COMMERCIAL FEDERAL 9otNMl Icoaonawee' Name and Thea Relahwww SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: Lot Two (2) in Heritage Acres Subdivision, an Addition to the City of Grand Island, Hall County, NE If more than one person signs this mortgage, the word 1- means -we This mortgage secures a loan made by Commercial. A note dated the same date as this mortgage contains the terns 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_ I promise the following things: 1- All payments on any note or other debt secured by this rnwtgage 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 least equal to the debts secured by this mortgage plus any other mortgages fisted in paragraph 6. The insurance company rnust be satisfactory to Commercial, and Commercial will be a named insured on the policy. 3_ All taxes and assessments on the properly will be paid Wta fe they become delinquent. 4. No waste will be committed on the property, and it will be inept in good repair. i��ed 5. The property will not be sold (including by Land contract). leased. and no interest in Itt7trCai te�erdl & L 6. 1 own the property free and clear of any other mortgages or except r a+ar wakaw ;tlft 15 Wrtpge 7. No other mortgage or lien on the property will ever be allowed to be in default or be foreclosed. If any of these promises are not kept, then Commercial can declare all of the dent irnmediately due and payable without advance notice. The interest rate will increase to 19.009% or any greater rate allowable by law at that time. and this rr ortgage can be foreclosed_ If the debt is accelerated, then I also assign any rent or other income from the property to C,ornmerciaL Certain amounts can be paid by Commercial and aged to the debit secured by ttus mortgage. They are any taxes or insurance I have agreed to pay but fail to, any attorney fees or court exper Commercial pays if it is made a party to any legal action brought by someone else concerning the property, and any attorney fees or court expenses which the low mipt allow if Commercial has to go to court against me to collect the debt or foreclose this mortgage. If any of these thahgs happen, then the additional debt will accrue interest at the same rate as the rest of the debt and must be paid egr_ If this property is ever condemned under the power of eminent domain or any suralar method of taking property for public use, any proceeds of the taking will be paid to Commercial up to the full amarrt of the dent secured 8orrones's TaOay'a Dee 4`sSgarma STATE OF NEBRASKA ) COUNTY OF ) ss. On this 30 —Stephen pf ednne Morris s 19 87 before me, a notary public in and for said county, personally came Jt phen dr , to me !mown to be the identical perm or person whose name is or names are affixed to the above mortgage, and a", he or she severally acknowledged the said instrument and the execution thereof to be their voluntary act and deed_ WITNESS my hand and notarial seal the day and year last gbove written - GiOGWNOTARY•StateofNabr. NoWy Pub,.. Sgmh- ,P'� MyCwmm.Exp.Jan.21,1988 My commission expires a -zr Rev 1185 a