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<br />-....."..~ <br /> <br />83-e04323 <br /> <br />MORTGAGE <br /> <br />I Thanas Francis Burks hereby give COMMERCIAL FEDERAL <br />SAVINGS AND LOAN ASSOCIATION (Commercial)' a mortgage on. the follbwingpropeJ!t't: <br />__ lot 10, Bernhard Voss 1st Subdivision, Part of Lot 1, Voss Subdivision; SWt~~()n11; <br />Tdwi:Iship 11, North Range. 9 West of 6.P.M., City of Grand Island, Hall County;Ne~ <br /> <br /> <br />If more than one person signs this mortgage, the word "Ill means "well. <br /> <br />This mortgage secures a loan made by Commercial. A notedatEid the same date as <br />this mortgage contains the terms for repayment of that loan. If that note is eve!" chang~. <br />or replaced by a new note, it will still be secured by this mortgage, <br /> <br />I promise the following things: <br /> <br />1. All payments on any note or other debt secured by this mortgage wHl be paid <br />when due. <br />2. 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 mortgage plus <br />any other mortgages iisted in paragraph 6. The insurance company must be <br />satisfactory to Commercial, and Commercial will be a named insured on the <br />policy. <br />3. All taxes and assessments on the property will be paid before they become <br />deli nquent . <br />4. No waste will be committed on the property, and it will be kept in good repair. <br />5. The property will not be sold (including by land contract), leased, and no <br />interest in it will be assigned in any way. <br />6. I own the property free and clear of any other mortgages or encumbrances <br />except: 1st ~fortgage-OYerland /{ational Bank <br />7. No other mortgage or lien on the property will ever be allowed to be in default <br />or be foreclosed. <br /> <br />I f 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 />Certain amounts can be paid by Commercial and added to the debt secured by this <br />mortgage. They are any taxes or insurance ; have agreed to pay but fail to, any <br />attorney fees or court expenses Commercial pays if it is made a party to any legal action <br />brought by someone else concerning the property, and any attorney fees or court <br />expenseli which the law might allow if Commercial has to go to court against me to collect <br />the debt or foreclose this mortgage. if any of these things happen, then the additional <br />debt will accrue interest at the same rate as the rest of the debt and must be paid <br />immediately. <br /> <br />If this property is ever condemned under the power of eminent domain or any similar <br />method of taking property for public use, any proce~gs of the taking will be paid to <br />Commercial up to the full amount of the debtisecure<h. -'-, <br /> <br />-r <br /> <br /> <br />~-~ ~....~ t--~~" <br /> <br />8-b' 3.3 <br /> <br />Date <br /> <br />STATE OF NE8RASKA <br />~OUNTY OF <br /> <br />On this 8 day of Aug 19 83 , before me, a notary public in <br />arid. fOcr, 5.i.d COUl"Ity, i>ersonally came UlUllti>:j FranC1'S!'llIi'ks , to me know to be <br />t~. ld~ticat person or persons whose name is or names are affixed to the above mortgage. <br />~, tt!eV, he or she severallY acknowledged the said instrument and the execution thereof <br />4li~tl'\eir volun~ty act and deed. <br /> <br />ss. <br /> <br />I <br /> <br />WJ"tNESS my hand and not.rial <br /> <br />:~<ii~iIliiiit;,~~..i';""';";"" <br />. ........~TAT~ <br />~~. bit Jon n 111114 <br />~iS5ion expires /2: .."I, I 7'6'''/ <br />,/' ... <br /> <br />seal the day and year last above written. <br /> <br />./f <br />/:_-". _,OJ _r i <br />~J;o.~! (/a..... 1~.J2' <br />J;':rINotary Public <br /> <br />h\y <br /> <br />CL-27 <br />!?E\! 4/82 <br />