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<br />I <br /> <br />MORTGAGE <br /> <br />83_001~_,i; <br /> <br />I, Robert A. Ellsworth and j'lary Kay Ellswort~ hereby give COMMERCIAL FEDERAL <br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: <br /> <br />Lot 13, Block 1, Meves First Addition, Hall County, Nebraska <br /> <br />If more than one person signs this mortgage, the word "III means IIwell, <br /> <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 that loan. If that note is ever changed <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 _ All 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 mortgagepJus <br />any other mortgages listed in paragraph 6. The insurance company must be <br />satisfactory to Commercial, and Commercial will be a nallled insured on the <br />policy. <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 />5. 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: 1st llortgage at 8aOkof Don;phan. to ;:eLrasko Nortqaoe Finance Fund <br />7, No other mortgage or lien on the property will ever be allowed to be in default <br />or be foreclosed. <br /> <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 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 />immediataly, <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 />/{~v.l c:if'?~-.-./c:.::r-- <br /> <br />3-11-ti3 <br />Date <br />STATE OF NEBRASKA <br />CO\JNTY OF <br /> <br />'771'1~ ~ .i7f <br />v <br /> <br />/'-/.' ~~ <br />r .( ...- _1 -/ ~ e.-r:/,/........ <br /> <br />) <br />) <br /> <br />ss, <br /> <br /> <br />Ontbi$ 11 tb day of Hard, , 19 ,;j , before me, a notary public in <br />and for saId county, personally came ;,nLprtA r. ,.t;;;:;-;:;; rihMH'tn , to me know to" be <br />"the;~tial person or R.ersons whose name is or names are affixed to the above mortgage, <br /><IJ"Id; tl!ley, he or she severally acknowledged the said instrument and the execution thereof <br />1:0 .bethek vohmtary aet and deed. <br /> <br />WITNESS my hand and notarial seal the day and year last above written, <br /> <br /> <br />:I'." / <br />/~.J) ~~ <br /> <br />~j? <br />~tary Public <br /> <br />CL-27 <br />REV 4/82 <br />