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Commerc ial lFFederal " iwt 1103 D.LDS. MORTGAGE SG- n18i666 Oim m. 1* 68101 (402) 554-OM Richard E Kool Jr. and Bonnie Jean Kool hereby give COMMERCIAL FEDERAL Ba Sc.,BOmo.ers Name w d Thar R.Wronsr,W SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: Lot Sixteen (16) Western Heights Third Subdivision, Hall County, Nebraska. 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 loan. If that note is ever changed or replaced by a new no!e, 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 mortgage 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 listed in paragraph 6. The insurance company must be satisfactory to Commercial, and Commercial will be a named insured on the policy. 3. All 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 assigned in any way. 6. 1 own jh t tree and clear of any other mortgages or encumbrances except: Firct Federal Cauinns a J ��f ° hoc F6 "WONO 1 HokkV 13t MM91W 7. fVO 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 debt immediately due and payable without advance notice. The interest rate will increase to 18.001% or any greater rate allowable by taw at that time, and this mortgage 1 assign any rent or other income from the property to Commercial. can be foreclosed. If the debt is accelerated. then also 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 tees 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 to collect the debt or foreclose this mortgage. If any of these things ' might allow if Commercial has to go to court against me happen, then the additional debt will accrue 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 tuff amount of the debt secured. i 11/13/$6 _ TpOay 5 Oa•R u d' vC> 4 ) dIJ.H . ' STATE OF NWALSKA ) HRLL COUNTY OF ) ss- H On this � 1�1___ —day of November ____ . 19 _$fz . before me, a notary public in and for said county, personally came . 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. WIT�,f try hand and notarial sea! the day and year last above written JFANNF K SCHROER GENERAL NOTARY SrmofNO,, -- MYCoeo 1xPJan.29,t9#S Nolan „h:. s Sgnal.xe � My commission expires...^._ -_ - - -- f -.27 Rev t 1 95 U i