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<br />83 tl';3 "l8.'" <br />'" _ t,ptll tl ~ <br /> <br />MORTGAGE <br /> <br />r <br /> <br />t W Jean M~ Ita <br />I, Rodg~r '-. Wi11iams~ 6erahm J. William, " hereby give COMMERCIAL FEDERAL <br />SAViNGS AJIID LOAN ASSOCIATION (Commercial) a mort.gage on the following property: <br />lot 8, Block 3, Country Club Addition, Grand Island, Hal1 County, Nebraska <br /> <br />If more than one person signs this mortgage, the word "III means "we". <br /> <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, !f that note is ever changed <br />or replaced by a new note, it wi!! still be secured by this mortgage. <br /> <br />I promise the following things: <br /> <br />i. <br /> <br />All payments on any note or other debt secured by this mortgage will be paid <br />when due. <br />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 mortgageplu$ <br />any other mortg.ages listed in paragraph 6. The insurance company must be <br />satisfact.cry to Commercial, and Commercia! wi!! be a named insured on the <br />policy. <br />AUtaX.E,S and assessments on the property ',,,ill be paid before they become <br />delinquent. <br />No waste will be committed on the property, and it will be kept in good repair. <br />The property will not be SOld (including by land contract), leased, and no <br />interest in it will be assigned in any way. <br />I ;::;;.wn the.. Pr'. oper.. t. Y. . free and '(Iear Qf any other . mortgages or encumbrances <br />except: 1st MOrtgage at EqlJital::nelhd loing and Loan <br />No other mortgage or lien on the property will ever" be allowed to be .in default <br />or be foreclosed. <br /> <br />2. <br /> <br />3. <br /> <br /> <br />4. <br />5. <br /> <br />6. <br /> <br />~ <br />l. <br /> <br />If any of these promises are not kept, then Commelf"cial can declare all of the debt <br />immed.iately due and payable without advance notice The interest r"ate wiU increase to <br />lSLOO% 01' any rate allowable law at that time, and this mortgage can be <br />foreclosed. If debt is acceler'ated, then i also ilny rent or other income from <br />the property to C()mmel'dal. <br /> <br /> <br />Ce.l"tain atrlOunts can be paid Commercial and .:lOded to the debt secured by this <br />mortg.age. They are any taxes or insurance have agreed to pay but fail to, any <br />attorney fees. Of' court expenses Commercia! pays if it is made a party to any legal action <br />brought by someone else the j::woper-ty, and any attorney fees or court <br />expenses Which the law Commercial has to to court against me to coHect <br />the debt or fore.<:;lose thJ 5 mortgage. if an';! of these , then theaddi tional <br />de!:>t wHl l'lCCI"ue intef'Jf;;st at the same rate as 1:h6 rest of the debt and must be paid <br />imrnedi ate! y " <br /> <br />If this property is ever condelimed ondel" the power of eminent domain or any similar <br />method of taking property for pubik l~sef any proceeds of the taking will be paid to <br />Comme.rci..l up to the fuil amount of the debt secured, <br /> <br />KA <br /> <br />) <br />) <br /> <br />55, <br /> <br /> <br />On this 21 day of <br />for said ~CQUflty f personally came <br />identical pers(~n or per-So,ns whose name <br />thev., hE' or ~>tIe severaliy acknowledged <br />b..ethelr v:olunt.cwy act and deed. <br /> <br /> <br />before me, a notary p!..Iolic in <br />Sera 1 yn J jHid ~s kn~w to be <br />as are affixed to the above mortgage, <br />the said instrument and the execution thereof <br /> <br />WITNESS my hand and notarial sea! the Clay iilnd year 'ast above 'written. <br /> <br />rJ;._nl..r_-~....... <br />IICMNIlD 'iAN.m. <br />~~"" .. ..... :U. '* <br /> <br />My o:I,mmi$SH";ln <br /> <br /> <br /> <br />