|
<br />MORTGAGE
<br />
<br />83- 001668
<br />
<br />I, Kenneth R. Spiehs & barbara J. Sri ehs , hereby give COMMERC I AL FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property:
<br />Lot Thirty (30) in Sass Second Subdivision in Section 1<;, To~mship 11 !1orth, Range
<br />9, Hest of the Gth P.il., in Hall County, Nebraska.
<br />
<br />r
<br />
<br />If more than one person signs this mortgage, the word "I" means "we".
<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 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 />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: Commercial Federal Savings & loan Association
<br />7, No other mortgage or lien on the property will ever be allowed to be in default
<br />or be foreclosed,
<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. I f 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 coilect
<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 />
<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 />;) J
<br />\~P
<br />
<br />-;/9"
<br />3 Ir-)
<br />ate
<br />
<br />j <'I~"" ,'.AL (< 5(.tAiI'
<br />~..<,
<br />../ / r~ t.- :-..t.'-- L--<'t .... . --"~ r
<br />.f.- i"
<br />
<br />(
<br />!
<br />"rL<
<br />
<br />L~
<br />
<br />STATE OF NEBRASKA
<br />COUNTY OF hALL
<br />
<br />ss.
<br />
<br />on> this 2n~ day of f,pril , 19~, before me, a notary public in
<br />and for said county, personally came r:erlneth R. S>Jiehs & oarbara J. S;;ittQs me know to be
<br />the identical person or persons whose 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 />to be their voluntary act and deed,
<br />
<br />L
<br />
<br />WITNESS my hand and notarial seal the day and year last above written,
<br />
<br />
<br />(:~:,r>~/ ()' / /.....
<br />.:1 '. ';:''''A,,*, ", ,l~.
<br />
<br />'c:f
<br />(:_-~17 Notary Public
<br />
<br />My commission expiresitf,v-. ,.::~, / f'flY'
<br />j'
<br />
<br />CL-2"*l
<br />
<br />F.;'1:-;' 4 S:::
<br />
|