Laserfiche WebLink
MORTGAGE 85- 000715 <br />I, Robert F. O'Brien &Virginia L. O'Brien <br />SAVINGS AND LOAM ASSOCIATION (Commercial) �a mortgage on COMMERCIAL efo owing FEDERAL <br />property: <br />The West Forty -Six Feet (W46') of Lot Eight (8), and the East Thirty -Nine Feet (E35') <br />of Lot Seven (7), Block One (1), Pleasant View Seventh Subdivision, City of Grand <br />Island, Hall County, Nebraska <br />If more than one person signs this mortgage, the word "I" means "we". <br />This mortgage secures a loan made by Commercial. A note dated the same date as <br />this mortgage contains the terms for repayment of that loan. If that note is ever changed <br />or replaced by a new note, it will still be secured by this mortgage. <br />I promise the following things: <br />1. All payments on any note or other debt secured by this mortgage will be paid <br />when due. <br />2. An insurance policy for fire and extended coverage will be kept in force on the <br />property in an amount at least equal to the debts secured by this mortgage plus <br />any other mortgages listed in paragraph 6. The insurance company must be <br />satisfactory to Commercial, and Commercial will be a named insured on the <br />policy. <br />3. All taxes and assessments on the property will be paid before they become <br />delinquent. <br />4. No waste will be committed on the property, and it will be kept in good repair. <br />S. The property will not be sold (including by land contract), leased, and no <br />interest in it will be assigned in any way. <br />6. 1 own the property free and clear of any other mortgages or encumbrances <br />except: 1st Mortgage- Commercial Federal Savings & Loan <br />7• No other mortgage or lien on the property will ever be allowed to be in default <br />or be foreclosed. <br />If any of these promises are not kept, then Commercial can declare all of the debt. <br />immediately due and payable without advance notice. The interest rate will increase to <br />19.00% or any greater rate allowable by law at that time, and this mortgage can be <br />foreclosed. If the debt is accelerated, then I also assign any rent or other income from <br />the property to Commercial. <br />Certain amounts can be paid by Commercial and added to the debt secured by this <br />mortgage. They are any taxes or insurance I have agreed to pay but fail to, any <br />attorney fees or court expenses Commercial pays if it is made a party to any legal action <br />brought. by someone else concerning the property, and any attorney fees or court <br />expenses which the law might allow if Commercial has to go to court against me to collect <br />the debt or foreclose this mortgage. If any of these things happen, then the additional <br />debt will accrue interest at the same rate as the rest of the debt and must be paid <br />immediately. <br />If this property is ever condemned under the power of eminent domain or any similar <br />method of taking property for public use, any proceeds of the taking will be paid to <br />Commercial up to the full amount of the debt secured. <br />u6te ' <br />STATE OF NEBRASKA <br />COUNTY OF HALL <br />On this 10 <br />day of February , 19 85 before me, <br />and for said county, personally came R h rte-. O'Brien & Vir inia L „� '�°,� rknow public in <br />the identical person or persons whose name is or names are affixed to the above mortgage, <br />and they, he or she severally acknowledged the said instrument and the execution thereof <br />to be their voluntary act and deed. <br />WITNESS my hand and notaria: seal the day and year last above written. <br />RK"ARp VAN ZYL <br />OMAL ) �o„e. <br />My commission expires Notary, . tiblic <br />'i <br />