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r <br />MORTGAGE ~~~~ ~00~4~ <br />I,Stanle L. Peterson-and Jeanette E. Petersota hereby give- COMMERCIAL. FEDERAL, <br />SAVINGS AND LOAN ASSOCIATION `Commercial) a mortgage on the fdllowing proper[ys <br />-SEE- EXHSHIT "A" HERETO RTTACHED <br />F~~ If -more than one person signs this mortgage, the word `~I" -means "we". <br />This mortgage secures a loan made by Commercial. A note doted- the same :date as. <br />this mortgage contains the terms for repayment of that loan. If that note=is ever- ctaanged: <br />or replaced by a new note, it will still be secured by this mortgage: <br />I promise the following things: <br />1. Ail 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 farce on the <br />property in an amount at least equal to the debts secured by this mortgagee. 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 wil! 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 />5. The property will not be sold (including by land contract), leased, and no <br />ihterest in it will be assigned in any way. <br />6. t own tlst p~oteaty freg and clear of any other mortgages or encumbrances <br />except: 1 tt990o 9 9e-Equitable Building & 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 incr. .e 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 />Lhe 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 />Gommercial up to the full amount of the debt secured. <br />Date ' <br />r" <br />STATE OF NEBRASKA ) .j~' <br />COUNTY OF ) ss. <br />On this ~ day of `. 19~, before me, a notary public in <br />and for said county, personally e S7.a.~.! ; Gf-f -tr i< ~:Tvi4•../to me know to be <br />the identical person or persons hose name is or names are affixed to the above mortgage, <br />and they, he or she severally acknowledged the said instrument and the execution thereof <br />tp be their voluntary act and deed. <br />WITNESS my hand and notarial seal the day and year last above written. <br />- WI1tMtM9,~YItr-pge~IlNutY !.?j~ <br />ftk:liAi1DVANZYI: .~~i':.~ijln.~y_~ <br />!M'~a.gn.,2i.sDpi Notary Public <br />My CDmmissiary expires .7t I " <br />r> ~-z <br />:'w~' ~j92 <br />