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<br /> <br /> <br />If <br /> <br /> <br />MORTGAGE <br /> <br />,14,- 006678 <br /> <br />I, Timothy T. Tyma , hereby give <br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgalle on <br /> <br />Lot Fourteen (14) in Villa Mar Dee Subdivision, in the City of <br />County, Nebraska. <br /> <br />If mor.. than one person signs this mortgage, the word "I" <br /> <br />This mortgage sec"res a loan made by Commercial. A note <br />this mortgage contains the terms for repayment of that loan. If that <br />or replaced by a new note, it will still be secured by this mortgage. <br /> <br />I promise the following things: <br /> <br />1. <br />2. <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 kept In <br />property in an amount at least equal to the debts secured by this <br />any other mortgages listed in paragraph 6. The insurance company <br />satisfactory to Commercial, and Commercial will be a named insured <br />policy. <br />All taxes and assessments on the pr.operty will be paid before they <br />delinquent. <br />No waste will be committed on the property. and it will be kept in good repair. <br />The property wfll not be sold (Including by land contract), leased, and no <br />. - e~mt-4'1 It '"'ill be af'igned-ID-aG.Y way <br />lawn the property free and clear of any other mortgages or encumbrances <br />except: Tower Financial. Inc.. <br />No other mortgage or lien on the property will ever be allowed to be in default <br />or be foreclosed. <br /> <br />3. <br /> <br />4. <br />5. <br /> <br />6. <br /> <br />7. <br /> <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 /> <br />Certain alJ"Ounts 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 fall to, any <br />attorney fees or court 'expenses Commercial pays if it is made a party to any legal action <br />brought by somlone 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 /oreclose 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 /> <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 /> <br />~_-d1'c7 (\7f~_. J <br /> <br />/.1.,.;/(/" f!y <br />Date <br />STATE OF NEBRASKA <br />COUNTY OF HALL <br /> <br />) <br />) <br /> <br />ss. <br /> <br />On this 20th day af Ilecember . 19..l1!.-, before me, a notary public in <br />and'fo,.,. laid county, personally came Timothv T Tvrna I to me know to be <br />the identical person or persons whose name is or names are affixed to tho 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 /> <br />WITNESS my hand and notarial seal the day and year last above written. <br /> <br />.J. RICHMDVANIY1. <br />ClDlDA&.HO'MV.ltateof~, <br />Mreo-.",....."',," <br />My commission eXPireS_Ie.. 1,11. / f"ki- <br /> <br />, <br /> <br />L5L/,0., 1~;,' <br />,.- 0 ary Public <br /> <br />('1.-27 <br />i~l.:.v 4 'H~ <br /> <br />I <br /> <br />..J <br />