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<br />MORTGAGE td`7"-'~1~1~98~ <br />I Ro}~ P. and Marlene K. Robbins hereby give COMMERCIAL FEDERAL <br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: <br />Legal Description' Lot Eighteen(18), Block One(1), Koehler <br />Place Addition, An Addition to the City <br />of Grand Island, Hall County, Nebraska. <br />If more than one person signs this mortgage, the word "1" means "we". <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 />I promise the following things: <br />1. Alt 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 tincluding 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: Cnmmarci a 1 Feria ral Sacri ncF*c anA T.nan <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 1 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 />expenses which the law might allow if Commercial has to go to court against me to collect <br />the debt er foreclose this mortgage. If any of these things happen, then the additional <br />debt wilt 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 wilt be paid to <br />Commercial up to the full amount of the debt secured. <br />.7 ~~~~ <br />~ ~ ;~~ ~ , <br />X / <br />~, ---- <br />Y <br />~ 15 44 % <br />~ ~ c I i 1~ ,_a . - l1 _i4 °iJi- <br />Date <br />STATE OF NEBRASKA ) ss. <br />COUNTY OF Hall ) <br />On this 15th day of FeUruare T9~, before me, a notary public in <br />and for said countyl` personally came Rov P.anri \Iaricne K. RnhbiTt4sme know to be <br />the identical person dr 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 />WI~S~~~jTan~~~d notarial seal the day and yeaF last above written. <br />GENERAL NOTARY SWa of tLtuaska <br />My Comm. Exo~ ~+~ 30, t985 r-T~~' <br />l:. ~ % <br />".tarcli 3t1. 1SiR;~ ~ ~ 'Notary Publie <br />My commission expires <br />'I--i-' <br />