87104060 - Laserfiche WebLink

Browse

� c i UConWA"W L"n P.o. filar 1102 or', MORTGAGE 00111111110. me 481111 (402) 111"405 87-- 104060 Timothy W. Lessig and Debra J. Lessig hereby give COMMERCIAL FEDERAL BWM.W*C*4� s tame MW Th- SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: Lots One Hundred Thirty Four (134) and One Hundred Thirty Five (135) in Belmont Addition to the City of Grand Island, Hall County, Nebraska. If more than one person signs this mortgage, the word "I" means "we ". This mortgage secures a ban made by Commercial. A note dated the same date as this mortgage contains the terms for repayment of that ban. It that note is ever changed or replaced by a new note, it will still be secured by this mortgage. I promise the following things: t. All payments on any note or other debt secured by this mortgage will be paid when due. 2. An humane policy for fire and extended coverage will be kept in force on the property in an amount at least equal to the dens secured by this mortgage plus any other mortgages listed in paragraph 6. The insurance company must be satisfactory to Commercial, and Commercial will be a named insured on the policy. 3. AN 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 contract), leased, and no interest in it will be ass,gned in any way. 6. � V Drooerty free and clear of any other mortgages or encumbrances except: rnrtrr�rrial FPdPral nq,5' p" Al FnWXW WaMMM Ho" ISI �rwpp, 7. No other mortgage or lien on the property will ever be allowed to be in default or be foreclosed. It 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 any greater rate allowable by law at that time, and this mortgage can be foreclosed. If the debt is accelerated, then I also assign any rent or other income from the properly to Commercial. Certain amounts can be paid by Commercial and added to the debt secured by this mortgage. They are any taxes or insurance I have agreed to pay but fail to. any attorney fees or court expenses 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 law might snow if Commercal has to go to court against me to collect the debt or foreclose this mortgage. If any of these things happen, then the additional debt will ague 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 similar method of taking property for public use, any proceeds of the taking will be paid to Commercial up to the full amount of th7debured. 6130/87 STATE OF NEBRASKA ) COUNTY OF HALL ) ss. On this 30th da of June 19 A-7- before me, a notary public in and for said county, personally came TimathV W. Lessig and Oebra J. Lessig , to me known to be the identical person or persons whose name is or names are affixed to the above mortgage, and they, 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 above written. c� r •. 1w4w m. SCHROEt NQIARY Surd►:.* NWe'V PuLLC'S SqNturo My commmiion expires —� CL 27 F�v I1: 85 IN 1