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11Y1�C8 <br />MAMI <br />�l <br />a loan Association <br />UCenm~ LLeen <br />s t <br />RO. flax 1103 D.T.S. <br />OW0611 i, ME 03191 (402) $S4 <br />MORTGAGE <br />7 105031 <br />1, Stecdten J. Moran and Barbara J. Moran hereby give COMMERCIAL FEDERAL <br />I; e *,4 rnw AcktwWV <br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: <br />Lot Eight (8) Colonial Estates Fifth Subdivision, Hall County, Nebraska. <br />H more than one person signs this mortgage, the word "I" means "we ". <br />This mortgage secures a ban 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 or replaced by a new rote, it will still be secured by this mortgage. <br />I promise the following things: <br />1. AN 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. All taxes and assessments on the property will be paid before 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 r*t be solo (including by land contract). leased, and no interest in it will be assigned in any way. <br />6. t own the property free and clear of any other mortgages or encumbrances except: Equitah1P RuTlding <br />lee <br />7. NoW MPM HNgap 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 1 also assign any rent or other income from the property to Commercial. <br />Certain amounts can be pail by Commercial and added to the debt secured by this mortgage. They are any taxes or <br />insurance I have agreed to pay but fad to, any attorney fees or court expenses Commercial pays it it is made a party to <br />any "al 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. If 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 wxlemned 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 />e <br />sire <br />Ti's 04W <br />STATE OF SK <br />NEBRAA ) <br />COUNTY OF F1AlL ) ss. <br />On On l nth day of Au�c t , 19 —U , before me, a notary public in and for said county, <br />personally came Steven J_ hRoran and Rarhara J_ M,,,,n _, to me known to be the identical person or <br />persons whose name ds or names are affixed to the above mortgage, and they, he or she severally acknowledged the said <br />iraitrument and the execution thereof to be their voluntary act and deed. <br />X ITNEI" y rtal seal the day and year last above written. <br />GOAL NOTARY Sramwt4.4, <br />MyC4"wEwAw29,14li <br />Hoiay Pubic s � <br />My commiIssion expires ,, - ;11 b 1-k- <br />a <br />CL-2r <br />Rev IIts <br />