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x Cownercia Federal UU00111~ LAM U"WUWd Re Illift '03 D.T.S. -, � 86-- 106776 OwAh% NE f Joseph B. Bixenmann and Doris A. Bixenmann hereby give COMMERCIAL FEDERAL sWMWWhca80. I ' hew WW T ASNWWgr SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: Lots 7 A 8, Block 10, in Boggs and Hill's Addition to the city of Grand Island, 'Nall County, Nebraska If more than one person signs this mortgage, the word 1- means -we". This mortgage secures a loan made by Commercial. A rote 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 rote, 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 he a named insured on the policy. 3. All taxes and assessments on the property will be paid before they became delinquent. 4. No waste will be committed on the property, and if will be kept in good repair. 5. The property will not be sold (including by land contract), leased, and no interest in t will be ned in any way. 6. 1 own the property free and clear of any other mortgages or encumbrances except: f 5 t M 0 r t a Q e - �1— 5 & I F.Mcw inaaaw r+adg is rnon 7. o 60W mo gage or ken 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 deb! 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 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 agreed to pay but fail to, any attorney fees or court expenses Commercial pays if it is made a party ;o any legal action brought by someone else concerning the property, and any attorney fees or court expenses which the law might allow if Commercial 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 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 full amount of the debt secured. i� ToftyS Dace C. 7o-rc..c*s STATE OF NEBRASKA ! COUNTY OF ! ss. On this 19 da of Nov . . 1 g 8 6 before me, a notary public in and for said county, personally carne J O S E-p h b /4o r i s A. Bixenmann , 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. my*rotary >�Efcz Sgnaaoc .. oorratOn expires = � •` ; ..._. . Dt f_;11 5�are- CINDY PAiiJ CL -a: omm.Eur. May 2h,1990 ft.. 't 85 lN_ 10 J