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Correnercia Federal <br />Login Asoodeftri <br />P.O.a"110DX& <br />Off, ME 99101 (402) 554-8595 <br />MORTGAGE <br />86-1111, 107310 <br />William E. Slatter and Marla L. Slatter <br />t• hereby give COMMERCIAL FEDERAL <br />80rR� sCa6uzwida NVrW W Ttwi. Neill: <br />SAVINGS AND LOAN ASSOCIATION (Commesciatl a mortgage on the following property: <br />Lot 10 Block 2 in Dale Roush 2nd Subdivision, Nall County NE <br />If more than one person siors this mortgage, the word "t' means 'we <br />This mortgage secures a loan made by Commercial. A note dated the same date as this mortgage contains the terns <br />for repayment of that loan- if that note is ever changed or replaced by a new note. it will still be secured by this mortgage. <br />I promise the following things <br />I All 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 Comme cial 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 not be sold (including by land contract), leased. and no interest in it will be assigned in any way. <br />6. t erClai rit7 -!?ng near of any other mortgages or encumbrances except: 1tt Mnrtg3r� <br />7. No other mortgage 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. tf the debt is accelerated then i also assign any rent or other income from the property to Commercial. <br />Certain amounts can be paid 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 Commeroai pays if d is made a party to <br />any legal action brought by someone else concerning the property. and any attorney tees 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 addit*nai debt wilt accrue interest at the same rate as the rest of the debt and must be paid immediately. <br />If this property is ever condemned 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 />.. <br />T�sr's �.,1e .,;: x'r ;>we•1 ;rte u. <br />STATE OF NEBRASKA <br />COUNTY OF Hal 1 f ss <br />On this ____ - -._ 15_- __._dav of _!eC_r___._ •.9 pE nefore me a notary public in and for said county, <br />personalty name W i : ? i air E . &Mar ? a L_ S 1 a ±ter <br />- _— - -_.__ tc me known to be the identical person or <br />persons whose name is ur names are affixed to the above mortgage. and they he or she severally acknowledged the said <br />instrument and the execution thereof to be their voluntary act and deed <br />•otanai seat 'he dar and year Iasi above wntten <br />GENERAL NOTARY <br />My commission expires <br />a <br />I <br />