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<br />MORTGAGE <br /> <br />83-\)01833 <br /> <br />I, Thomas J. Shaver and Linda L. Shaver ,hereby give COMMERCIAL FEDERAL <br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: <br /> <br />Lot two (2), Imperial Village Sixth Subdivision to the City of <br />Grand Island, 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 onth!!' <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 and 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. 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 />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 /> <br />q/T>>M~/l.L1-"j-J <br />~~i, ,7 ,/-y? /'1/ <br />'<.f''"'''''..-eJ( .L./ ~_,) ____..::- ,,/ A Ii' .... Ah .i <br /> <br />STATE. .OF NEBRASKA <br />COUNTY OF HALL <br /> <br />ss. <br /> <br />On this 6th day of April , 19~, before me, a notary public in <br />and for said county, personally came Thomas J. Shaver and Linda L. ShlijvEl:ct 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 acknowiedged the said instrument and the execution thereof <br />to l:I.e. their voluntary act and deed. <br /> <br />WtTNE$S my hand and notarial seal the day and year last above written. <br />") <br />. . '/ lllP""'(AJ/p <br />I i <br />f <br /> <br />/_1 <br />'-Z>..i'I} }.(}r...') <br /> <br />Notary Public <br /> <br />MYc~"'8l{ <br /> <br />CL-27 <br />PEV 4/81. <br />