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<br />I promise the following things:
<br />
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<br />B4....., 006573
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<br />MORTGAGE
<br />
<br />I, Susan R. Smith & Sherman 0, ~ith , hereby give
<br />SAVINGS AND LOAN ASSOCIATION Commercial) a mortgage on
<br />
<br />Lot 16. in Block 3. Normandy Estates an Addition to the City
<br />County, Nebraska.
<br />
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<br />If more than one person signs this mortgage, the word "I"
<br />
<br />This mortgage secu...s a loan made by Commercial. A
<br />this mortgage contains the terms for r-epayment of that loan.
<br />01' replaced by a new note, it will still be secured by this
<br />
<br />1.
<br />
<br />All payments on any note or other debt secured by this
<br />when due,
<br />An insurance policy for fire and extended coverage will be
<br />property in an amount at least equal to the debts secured by
<br />any other mortgages listed in paragraph 6, The insurance
<br />satisfactory to Commercial, and Commercial will be a
<br />policy.
<br />All taxes and assessments on the property
<br />delinquent,
<br />No waste will be committed on the property, and it will be kept in good
<br />The property will not be sold (including by land contract), leased;
<br />}R-tGrest lrriT-wU~~-.n-Y'-wiilly;_n - - ---.-- --.--- ..-
<br />J own the property free and clear of any other mortgages or encumbrences
<br />except: Commercial Federal SavinQ~ ~ In~n A~~nr
<br />No other mortgage or lien on the property will ev.r be allowlld to be in default
<br />or. be foreclosed,
<br />
<br />2.
<br />
<br />3.
<br />
<br />4.
<br />5,
<br />6,
<br />7.
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<br />If any of these promises are ilot kept, then Commercial can declare all of the debt
<br />immediately due and payable without advance notice. The int....st 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 />
<br />C.rtain 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 It party to any legal action
<br />brought by someone else concerning the prop.rty, and any attorney fees or court
<br />expenses which the law might allow if Commercial has to go to court against m. to collect
<br />the debt 0,. foreclose this mortgag.. If any of these things happen, then the additional
<br />debt will accrue interest at the same .rate as the ,.est of the debt and must be paid
<br />immediat.ly.
<br />
<br />If this property is .ve,. condemned un de,. the pow.,. of eminent domain or any simila,.
<br />method of taking prope,.ty for public use, any P,.oceeds of the taking will be paid to
<br />Commercia. up to the full amount of the debt secured.
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<br />. Oate
<br />
<br />STATE OF NEBRASKA
<br />COUNTY OF HALL
<br />
<br />55,
<br />
<br />on this 14th day of December , 19~1 before me, o1l notary publiC in
<br />ana for Mid county, personally c.me SIL~I.In !L Smith ~ Shf!rma~ n <:mitk} to me know to be
<br />the identical person or perNfl_ whose name is or names a,.. lilt ixed f4) the above mortgage,
<br />ana th\ll;y, he or she severally acknowledged the said instrument and the execution thereof
<br />to h their voluntary Kt and deed.
<br />
<br />~ mCKAIDVANZn
<br />CllN!lMNOT AftV, iiltle...,....
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<br />My commlu . pit'IIl.._
<br />
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<br />
<br />WITNESS my hend IInd nota"'a' liNt the day and yellr last above written.
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