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I, _ hereby give COMMERCIAL FEDERAL i SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the fallowing property: Lot 17, Bishop Heights Second Subdivision, Haul County, NE If more than one person signs this mortgage, the word "I" means "we ". This mortgage secures a loan made by Commercial. A note dated the same date as this mortgage contains the terms for repayment of that barn. If that note is ever changed or replaced by a now note, it will still be secured by this mortgage, I promise the following things: 1. AN payments on any note or other debt secured by this mortgage will be paid when due. 2. An lrrowance 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 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. S. I own the roperty free and clear of any other mortgages or encumbrances except: . i- t..�st— Mortgage r wrerntrdagrammVer 7. No otter mortgage or Nan 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 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 1 also assign any rent or other income from the property 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 weed to pay but fail to, any attorney fees or court expenses Com vast pays 0 it is made a party to any bgsi action brought by someone else concerning the property, and any attorney lees or court expenses which the law might worm if Commercial has to go to court against me to collect the debt or foreclose this mortgage. if any of these things then the additional debt will accrue interest at the same rate as the rest of the detX and must be paid immediately. It this property is ever condemned under the power of eminent domain or a y similar method of taking property for public use, any proceeds of the taking will be paid to Commerci yp to tth,he fun} nt of the secured. l -- --.- TodJs Daft SweUte STATE OF NEBRASKA COUNTY OF Hall On ftss _ of Sept. 19 87 , before me, a notary public in and for said county, personally Vi& rbara 0. Vo ker 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, My commission expires — -4 G.wa1No1arriStm1oofNebraska CINDY PALU My Comm.Exp.Alay 21, J