Laserfiche WebLink
<br />MORTGAGE <br /> <br />83-u03464 <br /> <br /> <br />hereby give COMMERCIAL FEDERAL <br />a mortgage on the following property: <br /> <br /> <br />1 in Roush 2nd Subdivision, Hall County, Nebraska <br /> <br /> <br />one person signs this. mortgage, the word "I" means "we". <br /> <br />This mortgage. SeCures a loan made by Cornmercial. A note dated the same qate. as <br />this mortgage contains the terms for repayment of that loan. If that note is ever changed <br />or replaced by a neW note, it will still be secured by this mortgage. <br /> <br />I promise the foHoWing things: <br /> <br />1. <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 />propl!~rty in an amount at least equal to the debts secured by this mo,'tgage. plus <br />any ,other mortgages listed in paragraph 6. The insurance company must be <br />satisfactory to Commercial, and Commercial will be a named insured on the <br />policy. <br />All taxes and assessments on the property will be paid before they become <br />del i nquent. <br />No w,al,ta 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 />interE~st in it wilt be assigned in any way. <br />lawn the property free and ciear of any other mortgages or encumbrances <br />except.: Corrmercial Fpdprill S?tving<: i1nrl I ()?tl'1 A<:<:Or1<<tiOI'l <br />No other mortgage or lien on the property wil! ever be allowed to be in default <br />or be foreclosed. <br /> <br />2. <br /> <br />3. <br /> <br />4. <br />5. <br /> <br />6. <br /> <br />7. <br /> <br />If any of these promises are not kept, then Commercial can declare all of the debt <br />immediately dUE~ and payable without advance notice. The interest rate will increase to <br />19.00% or any greater rate allowable by law at that time, and this mortgage can be <br />foreclosed. If the debt is accelerated, then I also assign any rent or other income from <br />the property to Commercial. <br /> <br />Cel'tain amOlunt~; can be paid by Commercial and added to the debt secured by this <br />mortgage. Th~~y are any taxes or insurance i have agreed to pay but fail to, any <br />att.orney fees or court expenses Commercial pays if it is made a pa.rty to any legal action <br />brought by s<;tmeone else concerning the property, and any attorney fees or court <br />expenses which the law might allow if Commercial has to go to court against me to collect <br />the debt or fOIr'EK:lose this mortgage. If any of these things happen, then the additional <br />debt will aCCrLIE! interest at the same rate as the I'est of the debt and must be paid <br />immediatel y. <br /> <br />If this pr()perty is ever condemned under the power of eminent domain or any similar <br />method of takin!g property for public use, any proceeds of the taking will be paid to <br />Commercial up to the full amount of the debt secured. <br /> <br /> <br />June 24, 1983 <br />Date <br /> <br /> <br /> <br />) <br />) <br /> <br />55. <br />