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I <br />11-", Commercial Federal 103,397 <br />CFS Consumer r Loan Association 87-- <br />P.O. Box 1103 0,T8. MORTGAGE <br />Omaha, NE 59101 (402) SW9595 <br />Richard W. Rinng and Donna L. Rinne hereby give COMMERCIAL FEDERAL <br />6orrowBrVC.. Borrower's Name and Their Relatlom9hJP <br />SAVINGS AND LOAN ASSOCIATION (Commercial)'a mortgage on the following property: <br />Lot Twenty One (21), Block Three (3), Colonial Estates Second Subdivision to the <br />City of Grand Island, Hall County, Nebraska. <br />If more than one person signs this mortgage, the word "I" 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 note is ever changed cr replaced 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 force on the property in an amount at least equal <br />to the debts secured by this mortgage plus any other 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. Atl taxes and assessments on the property will be paid before they become delinquent. <br />4. No waste will be cnmmitted on the property, and it will be kept in good repair. <br />5. The property will not be sold (including by land contract), leased, and no interest in it will be assiggned in any way. <br />6. I wn the �ro{jB(t� free d clear of any other mortgages or encumbrances except: Standard Fr+dcral <br />�dV1 �� an ASSOC. FwWVWhs,gdonHodbVi,lMMV%pe <br />7. No other mortgage 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 any rent or other income from the property to Commercial. <br />Certain amounts can be paid by Commercial and added to the debt secured by this mortgage. They are any taxes or <br />insurance I have agreed to pay but fail to, any attorney fees or court expenses Commercial pays it it is made a party to <br />any legal action brought by someone else concerning the property, and any attorney fees or court expenses which the law <br />might allow if 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 and must be paid immediately. <br />If this property is ever condemned under the power of eminent domain or any similar method of taking property for public <br />use, any proceeds of the taking will be paid to Commercial up to the full amount of the debt secured. <br />nwer s SgnaWre <br />_6/4 /87 <br />Today's Date Co- Borrower's Signatur <br />STATE OF NEBRASKA ) <br />COUNTY OF Hal1 1 ss. <br />On this 4 da�yy of June 19$R —, before me, a notary public in and for said county, <br />personally came 1C and W. Rinne and Donna I- Rine to me known to be the identical 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 act and deed. <br />WITNESS Wand and notarial seal the day and year last above written. <br />JEANNE M. SCHROER <br />VLGIENERAL NOTARY S <br />MYConwLExpJan.29, o 8d Notary Pub <br />My commission expires t- �i-`\ -k S <br />C" -zT <br />Rev. I Vas <br />L_ <br />X <br />