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MORTGAGE <br />85-- 003007 <br />I larry J. Rn11;nt and Ka hr�in n p„� , <br />SAVINGS AND LOAN ASSOCIATION (Commercial) hereby �a mortgage i oe COMMERCIAL o FEDERAL <br />g property: <br />The Easterly Forty Feet (E 40') of Lot Eighty (80) and the Westerly Thirty Feet (W 30') <br />of Lot Eighty One in Wolfe's Subdivision in the City of Grand 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 than ed <br />or replaced by a new note, it will still be secured by this mortgage. g <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 <br />S. The property will not be sold (including by land contract), leased, anda'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: Commercial Federal Savings and 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 <br />attorney fees or court expenses Commercial PeY but fail to, any <br />brought by someone else concerning the pays if it is made a party to any legal action <br />expenses which the law might allow if Commerciale has to and any go to court o against me to collect <br />the debt or foreclose this mortgage. If any of these things ha oonal <br />debt will accrue interest at the same rate as the rest of the debt Land must be't�on d <br />immediately. paid <br />If this property is ever condemned under the <br />method of taking property for Power of eminent domain or any similar any Commercial up to the full amount of the debt ecuredoceeds of the taking will be paid to <br />i <br />1' <br />STATE OF NEBRASKA <br />COUNTY OF ss. <br />On this / -7 P) day of ��.�.m�� 19 .k' <br />and for said county, Personally C- m�arry J_ Rnl l ' before me, a notary public in <br />the identical person or persons whese name is or names are of fixed to he above mortgage, <br />obe <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 notarial seal the day and year last above written. <br />i A,l y <br />My commission expires % " i ®tart' PubliZ <br />Cl,-277 <br />