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L <br />85-4 004405 <br />MORTGAGE <br />1� , <br />A hereby give COMMERCIAL FEDERAL <br />SAVINGS AN L N AS CI 10 omm <br />Cercial) a mortgage on the following property: <br />Lot 9, Potash Subdivision, Hall County, NE <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 />Cale <br />STATE OF NEBRASKA ) SS. <br />COUNTY OF ) <br />i <br />On this -.I- s day of , 19 e5' , before me, a notary public in <br />and for sold county, personally cone �" to me know to be <br />the Identical person or persons whose name is or names are iffixed 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 notarial seal the day and year last above written. <br />RICHARD VAN ZYL ffl <br />O*ARALNOTAIY -State o1Nebr. Z rL, Lv <br />ML <br />MycomeL by, An. 71,191! FfoCary <br />My commission expiresi7 <br />C. -27 <br />i2[� 4,'H2 <br />lk <br />IN <br />