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~3-~~~~~6~~-~' MORTGAGE <br />!, Richard D. Bennefeid & i:athryn L. Rennefel¢ hereby give COMMERCIAL FEDERAL <br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: <br />---Lot E O`Neill Subdivision in Hall County: Nebraska.--- <br />If more-than one person signs this mortgage, the word "1" means "we". <br />This mortgage- secures a loan made by Commercial. A note dated the- same date as <br />this mortgage' contains the terms fcr repayment of that loan. If that note is ever changed <br />ar replaced by a new note, it will still be secured by this mortgage. <br />I promise the following things: <br />1. AH 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 />pal icy . <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. I own the property free and clear of any other mortgages or encumbrances <br />except: Comnerciai ]=ederai Savings E 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 wilt 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 />.n <br />~~ A ~~ <br />~iaenuary ~. 133 -rte ,. ~~,sY`~ ~ ~ x .~='`~~' <br />_ ~ Date <. <br />S'1"ATE ~OF N£13RASKA ) . <br />~t#NTY OF riHLL } ss. <br />~ ~ ~ ~~' <br />Ott this.- ~ day ofi January ~ i9 e3 before me, a .notarfy~~t ublic in <br />and for. said county., persanaUy came Richard 0, ~ennefeid and lathryn ,L.t~'~A'~e Kri~w to be <br />-the:ldentical person or persons whose Hama is or names are affixed to the above mortgage, <br />s#~]d. the}tf he or_ she severally acknowledged the said instrument and the execution thereof <br />Lai; be: their voluntary act and deed. <br />Wi'fNEss: my hand and .notarial seal the day and year last above written. <br />MIIIIIIMI~ lwtrr-4N~litiwM <br />McnAIIP V/1N 7.114 ,~ -~-~ .. <br />y c.~w.pR.Jr. 3t,1MM- ~ <br />ry Public <br />1Ny ce~IssiQn mxplres_~9.~ 3.1~ r ~~~! . <br />C.~r< i <br />