84001879 - Laserfiche WebLink

Browse

I MORTGAGE ~ _, 001879 I, Marcella J. Daake hereby give COMMERCIAL FEDERAL SAVINGS AND LOAN AS30CIATION (Commercial) a mortgage on the following property: Lot Tcvo(2), in Block Two(2} i,n Clausen Country View Addition to the City of Grand Island, Hall County, Nebraska If more than one person signs this mortgage, the word "I" means "we," 'fi1c mortgage secures a loan made by Comercial.' A note dated the asme-data, as chic mortgage contains the terms for repayment of chat loan. If that note is ever changed or replaced by a new note, it will still be secured by this mortgage. I promise the following things: 1. All paysaotc on anp note or ocher dsbt secured by this mortgage will be paid when due. 2. An inauraaca policy for firs and extended coverage will be kept in force on ehe property in an aanuat at least equsl to the debts secured by this mortgage plus any ocher mortgages listed In paragraph 6. The insurance co~anp moat ba satisfactory to Commercial, and Commercial will be a named insured on the policy. 3. All tazee and aacescaxaca on the property will bs paid before they beeoex delinquent. 4. No waste will be coaadtted on the property, and it will be kept is good repair. 5. The property will not be sold (including by land contract), leased, and no interaat in it will be aaaignad in any way. 6. I own the property free and clear of nay other mortgages or encusbrancea ezcept Cortcncrreal Federal Savinbs and Loan 7. No other mortgage or lien on the property wi12 ever be allowed to be in default or be foreclosed. If any of chess promises are not kapc, then Co~esclal csa declare all of the debt imsediately due and payable without advance notice. The interest rata will increase to 19.OOS, and this mortgage can ba foreclosed. If the debt is acceler- ated. then I also assign any rent or ocher income from the property to Commercial. Csrtain amounts can be paid by Commercial and added to the debt accused by this mortgage. Thep are any taxes or incuraaca I have agreed to pay but fait to, any attorney fees or court expenses Commercial pays if it is made a party to any legal action brought by aoaaone else concerning the property, and any attorney fees or court aryenaes which the law might allow if Coeercial has to go to court against ms to collect the debt or forecloas this mortgage. If any of these things happen. rhea the additional debt w111 accrue interact at the sasx rate as the rant of the debt sad must ba paid immadiataly. If chic property is evar condemned under the power of eminent domain or any simi- lar method of taking property for public uaa, any procasda of the taking will be paid to Cosmxscial up to the full amount of the debt sacurad. h' 9j2/89 Date ssaT= az NESBAS~u- ) aa. i~u~4Tx as xall ) Oa thla `?!ri day of :1p3•i 1 19 { before me, a notary public in sad for said county, personally came !kiarc~:li;a J. ~v:at~e to ar know to be the identical person or persons whose Hoax is or names are affixed to the above mortgage, and they. he or she savarally acknowledged the said iaatru- maat and the esecutioa thereof to be their voluntary act and dead. xy coamiaaion •xplrea ~`'~`;:' `{}. 7fa~;'y Notary Putrlic ~ITt+and aacazial seal the day and year laat.abovs writtep. ., . 1 Ei