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PIORTGAGB <br />I, Robert ~' and Mary Kay Ellsworth ~ herebq give COZQlEACIAL FEDERAL <br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: <br />Lot 13, Block 1, Meves First Addition, Hall County, Nebraska <br />~r <br />If more than one person signs this mortgage, the word "I" maeaa "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 <br />changed or replaced by a nar note, it will still be secured by this mortgage. <br />I promise the following things: <br />1. All payments on any note or other debt aseurad by this mortgage will <br />be paid whoa due. <br />2. An iasurancs policy foz fire and exesaded caverags will be kept In <br />force on the property is as amount at lent equal to the debts s~eurm+3 <br />by this mortgags plus any other mortgages listed in paragraph 6s The'. <br />insurance company mast be satisfactory to Cosarcial, and Co*marcis'h <br />will be a named insured on the policy. <br />3. All taza and assessments on the property will ba paid befOte Ehey <br />become daliaquent. <br />4. No waste trill be commietsd on the property, and it will ba kept-'ia:go_od:,` <br />repair. <br />5. The property will not bs sold (including by land contract), laaaed, ands <br />no interest is it will bs assigned is any way. <br />6. I ors the property free and clear of any other mortgagq or saemitrancasr. <br />except 1st Mortgage - Superior Mortgage <br />7. Dlo other mortgage or lien on the property rill ewr b~ sila~rad=.tn~~b~~in <br />default or be foreeloaad. <br />If any of thus promises are woe kept, then Commercial .can:d~clara all of the- <br />debt immadiataly due and payable without advance notice. Thee inter#t rate will <br />lacrease to 19.00x. and this morESsge can bs foreclosed. If th#:debt i• accvler- - <br />aced, thew I also asaiga sny rant or other iatoms frees the FsoPbVl7 to Commercial. <br />Csrtain amounts can bs paid by Commercial and added to ehe,d~bt eacured.by <br />this mortgage. They ars any ta~tss or inauranas I haw agreedta pay but. fail to, <br />any attorney feu os court ezpsnass Co~areial pays if it is.nsde a party to any <br />legal action brought by aomaana slaw cancssning eM;propl1tyF ats~d any attorosr feat. <br />o; court spsnaq which the lar might show if ConMrcial hat to go to court adaioat <br />ma to collect ehs debt or foraclosa this maagaga.: If any. of these thia~a happac. <br />than the additional debt rill acerw interest et tM sgR rate as flu rant of the <br />debt wad must be paid i~mediaRaly. <br />If this property is was condsmnad under eha powr of sminsnt:dolaia or spy simi- <br />1 method of taking property for public uas, any procssda of the taking will ba <br />paid to Co~areial up to the full asount of eha debt sseurad. <br />--~ <br />Date <br />ST~1'i 0? NL~ASTA ) ss. <br />ar ) , ~ r/ <br />On this mil- day of , 19 ~' "t , before ms, a nota~cy Public. is <br />and. for saideatinty. pssaon,t~ ease _ r r~ ~"f~x ~-~ ~ lYv,..~ ~,~ ~'"~~~~~,~~ <br />to aa.knot+o to be the idsntical psrsoa br parsotu erlwae nrma is or Yre af2izeq <br />tq. the aboxs scortgags. and they, he os she severally acknowladgsd the said faatru- <br />meat and the esacutian thereof to be Chair voluntary act and deed. <br />LTITNE39 my hand wad aatarial weal the day and year last above tr~ittan. <br />RICIUUtD YAM ZYl / !;/ `~ <br />f,l-x?tAIItY•iw.dWk. f <br />N~rt~W~M"e6tHl c "~yrcar'Y Public <br />Ny aasaiaalnn <br />S-ilk <br />