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MORTGAGE ~j~,_,_.., 1)110U37" <br />l,~iarvi.n F. Luebbe and Martha Luebbe hereby give COMMERCIAL FEDERAL" <br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the- following property C. <br />A Tract of Land ramprising the Sautherlc Sixteen (7.5.0) Feet of Lot Seven ('7), <br />and the Northerly Forty-Four tA9.0) Feet of Lot Eiglit (8), in Block Thirteen <br />(73}, WF.st Yark Addition to the Cit}' of Grand 'island, Zn-Hall County, Neb~~aska <br />If more than one parson 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 thaC loan. if that note is ever.changed: <br />or replaced by a new note, ii wilt still be secured by this mortgage. <br />promise the following things: <br />I • All payments on any note or other debt secured by this rnorEgage will be paid <br />when due. <br />2. An insurance policy for fire and extended coverage will be kept in force. an -the <br />A+"aperty in an amount at Least squat to the debts secured by this mortgage:piu&' <br />any other mortgages listed in paragraph fi. The insurance company must be <br />satisfactory to Commercial, and Commercial will be a named insured an the"- <br />policy. <br />3. Alt taxes and assessments an the property wilt ba paid before they become <br />delinquent. <br />4, No waste wits be committed on the property, and it wilt be kept in goad repair. <br />fi. 't`he property will not be sold (including by land contract}, leased; and na <br />interest in it wilt tae assigned in any way. <br />5. ! Darn ih€ pr'aperty free and clear of any other mortgages or encumbrances <br />e~xveptc ~dc?rtaaf;e-t'n€tkr?c~r'r.i•~1 F'e~d~_rsl Savings :~c Lran <br />7, "lo other mortgage or lien on the property will ever be allowed to be in default <br />Or b$ fareclOSed. <br />if any of these promises are not kept, then Commercial can declare all of the debt <br />immediately due and payab#e without advance native. The interest rate will incre~*se to <br />I9,3{~, ar any greater rata ai{awaoie by law at ShaC time, and this mortgage car be <br />foreclosed. if the debt is accelerated, then ! also assign any rent or other income from <br />the property to ;Zommervial. <br />Certain amounts can be paid by Commercial and added to the debt secured by this <br />mortgage. They are any taxes 3r insurance ! have agreed to pay but fail to, any <br />attorney fees yr court expenses Commercial pays ~f ~t .s made a party to any legal action <br />brought by someone else voncarning the property, and any attorney fees or court <br />expenses wnicn the !ah might ellaw if Commercial has to go to court against me to collect <br />the debt or foreclose chic mortgage. ~f any of these things happen, then the additional <br />debt will accrue interest at *.he same rate as the rest of the deist and must be paid <br />immediately . <br />if tnis property is aver vondemned under the power of eminent domain or any similar <br />method of taking property far public use, any proveeds of the taking will be paid to <br />Commercial up to the furl amount of the debt secured. <br />s <br />Date ar .... <br />STATE OF kE$RASriA ) <br />t`c'?UN i i' ¢i~ ss. <br />t?+s tltiis _ -IZ day of •_sartt;~s'Y 19 fs:3 before me, a notary public in <br />and far raid county, persanaliy~ came - ar~'tn =.ztr' e =.: S#tts~t }air )..#i9>1~te know to be <br />the tdasnticai person or persons }"base name is or names are affixed to the above mortgage, <br />ahd they, he or she ~everal{y avknowledged the said instrument and the execution thereof <br />to oe tna:r voluntary act and deed. <br />W#"IaIESS my hand and notarial seat the day and year tazt az7ove written, <br />'"~~~**~-~M Notary Public <br />my commission expires ~'`~., ,- _ <br />~,~, <br />g '~~3 <br />