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MORTGAGE 84..E S)~1QSS6 <br />I~ Jerry D. Hulinsky and Betty E. Hulinsl~reby give COMMERCIAL. FEDERA6 <br />SAVINGS ANO LOAN ASSOCIATION Commercial) a mortgage on the following property: <br />Lot Thirty Four (34) R & B Subdivision Ball County, Nebraska. <br />If more than one person signs this mortgage, the word "I" means "we". <br />This mortgage secures a loan made by Commercial. A note dated the same data 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 />1 promise the following things: <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 an 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. Na 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 Savinks & 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.i)t)$ or any greater rate allowable by law at that time, and this mortgage can be <br />foreclosed. If the detrt is accelerated, then I also assign any rent or other income 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 />expensas 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 wiFl 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 />metfiod of taking property for public use, any proceeds of the taking will be paid to <br />Commercial up to the full amount of tha debt secured. <br />Datie. <br />STATE OF NEBRASKA ) ss. <br />CQLJlVTY OF fIALL ) <br /> <br />On this ~ day of =-,~~~-z a .y,y 19~, before me, r{oi~ry .public in <br />~~: aad fob=said, caWn~ij+, personally cemaJerrv LY.:TT3ulinskv & Betty r. 't5t "tthTow to be <br />tits ideniica4 person or persons whose- name is or names are- affixed to the above mortgage, <br />': aid they, hl. or shy severally acknowledged the said instrument and the execution thereof <br />t4';•ba ttNir noun#ary act and decd. <br />WITNESS my hand- and notarial seal the day and year last above written. <br />h RldtARQ YAN M, -l . <br />~. AltiQlAltl~.3tMR~ll+llk, .' - / '- -i <br />' ~+iF.niw:`" +MC~.iMp.~.fl-,MM+ ,7C<y,,~s3 ~' t.~._ <br />lacy Public <br />My eununssslon axpiras 1, ~ ~'.~,~` <br />Ur27 <br />13E1~ A,'fls2 <br />