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r MORTGAGE 83- 002564 I, Joseph A. Codr and Pearl M. Codr , hereby give COMMERCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: Lot Twenty (20) in Hidden Lakes Subdivision Number Two, being a part of the Southeast Quarter of the Northeast Quarter (SE 1/4 NE 1/4) and a part of the North Half of the Northeast Quarter of the Southeast Quarter (N 1/2 NE 1/4 SE 1/4) of Section 13, Township 11 North, Range 9 West of the 6th P.M., in Hall County, Nebraska. If more than one person signs this mortgage, the word" I" means "we". This mortg;:tged 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 changed or replaced by a new note, it will still be secured by this mortgage. I promise the following things: 1. All payments on any nOl:e 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 on the property in an amount at least ey~al to the debts secured by this mortgage plus 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 repair. 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: Commercial Federal SavinQs & 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 Commer'cial and added to the debt secured by this mortgage. They are any taxes or insurance ! have agreed to pay but fail to, any attorney fees or court expenses Commercial pays if it ;s 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 Qr foreclose this mortgage. 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 immediately. 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 s~red. ~.~~~d/ ~j) 1 7) ,/ ;I:Pa.A jI ~ m _LA:'-C-~1.- ~~/&/YR~ , . Date $.j;ATE OF NEBRASKA ~UNTY OF HALL ss. On this 26th day of ADrl1 , 19~1 before me, a notary public in ~d for said coufl~Y, personally came JO$l!Dh A. Codr and Pearl M. Cow to me know to be tl1e identical person or persons whose name is or names are affixed to the above mOI'tgage, ~nd they, he or she severally acknowledged the said Instrument and the execution thereof to be theIr vohmtary act and deed. WITNESS my hand and notarial seal the day and yeal' last above written. _Il...-_....... ~~zYi; ..,.~..". at. t.., My commission e.xpire.5 ~.,.. .~/ ldi/ -;- -/ __ (:::::J:~otary Public ,.-'+'t- ,,~ "-","-,-,.;, , Pi.::':; 4~ 'R2