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r- MORTGAGE 83-- (J02563 I, Stanley w. Linnertzand Nancy K. Linnert;;; hereby give COMMERCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: mtSeventeen (17) in BlOCk Four (4) in Ashton Place, an Addition to the City d-tGraod Island j Hall COunty, Nebraska. ffrrlor.a than one person signs this mortgage, the word "I" means "we". This~mol"tgage secures a loan made by Commercial. A note dated the same date'.as this mortgage, contains the terms for repayment of that loan. If that note is ever chartged or replacec::fby a new note, it will still be secured by this mortgage. I promise the following things: 1. All payments on any note or other debt secured by this mortgage will be paid when due. 2. An insurance policy for fire and extended coverage will be kept in force 'onth.e property in an amount at least equal to the debts secured by thismortgagepfus any other mortgages listed in paragraph 6. The insurance company must be' satisfactory to Commercial, and Commercial will be a named insured on the policy. 3. All taxes and assessments on the property will be paid before they become delinquent. 4. No waste will be committed on the property, and it will be kept in good repllir. 5. The property will not be sold (including by land contract), leased, and no interest in it will be assigned in any way. 6. I own the property free and clear of any other mortgages or encumbrances except: Ci:JmErcial Federal Savings & Loan 7. No other mortgage or lien on the property will ever be allowed to be in default or be foreclosed. If any of these promises are not kept, then Commercial can declare all of the debt immediately due and payable without advance notice. The interest rate will increase to 19.00% or any greater rate allowable by law at that time, and this mortgage can be foreclosed. If the debt is accelerated, then I also assign any rent or other income from the property to Commercial. Certain amounts can be paid by Commercial and added to the debt secured by this mortgage. They are any taxes or insurance j have agreed to pay but fail to, any attorney fees or court expenses Commercial pays if it is made a party to any legal action brought by someone else concerning the property, and any attorney fees or court expenses which the law might allow if Commercial has to go to court against me to collect the debt or foreclose this mortgi!lge. If any of these things happen, then the additional debt will accrue interest at the same rate as the rest of the debt and must be paid immeQiately, If this property is ever condemned under the power of eminent domain or any similar method of taking property for publiC use, any proceeds of the taking will be paid to Commercial up to the full amount of the debt secur~ ~' .,.......~ (. \ ~--=~t'.._~ :"-' ,- /-:;:..~"'\- ~-"-~"'-:) ~ '( -,-, ". _. . '----- ~ . .:Z~"~...,' '..' ~/ / : ,€ I ~ , ? ___ F < ,., ',-- /' t,o_ -~._] "'-'l- ) -1):-"2'.-'/....A , f f "'-. ' /~' i -",,".Jf~' s ~ dO -8:3 .... Date ~IA:'fI; qf.Nj;BRASKA qO~NIY; Of HAIL ) ) ss. Ofl't/'{l,s ~ d"y of May , 19~. before me, a notary public in c<~iqC4UtttY,perSl;l~lIy call1~tanleyW. Linnertz &. Nancy K. Ll~ know to be ~~tP!r$\)l1. or p~l'"SOns whose name is. or names are affixed to the above mortgage, /(,h".of'~e seVerally acKnowledged. the said instrument and the execution thereof thltir v~un$i:y ai::tand deed. seal the day and y~r last 4(/ /i above written. 19JY ~ /// ,~ry Public CL-27 REV 4/82