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<br />I <br /> <br />MORTGAGE <br /> <br />83-()06023 <br /> <br />I,Verlyn R. Volker and Barbara D. Volk~rhereby give COMMERCIAL FEDERAL <br />SAVINGS AND LOAN ASSOCIATION (Commercia!) a mortgage on the following property: <br />- Lot Seventeen (17) Bishop Heights Second Subdivision, Hall County, <br />Nebraska. <br /> <br />If more than one person signs this mortgage, the word "I" means "we". <br /> <br />This mortgagj! secures a loan made by Commercial. A note dated the same. date as <br />this mortgage contains the terms for repaymc;'ltc,f 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 following 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 />property in an amount at least equal to the debts secured by this mortgage. 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 />polley. <br />All taxes and assessments on the property will 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 own the propl!rty free. aDd cl~..r ,?f 0 aoy other mortgages or encumbrances <br />except: ComnlerelaI Federal SaVln{;;S I'< j,oan <br /> <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 />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 />Certain amounts can be paid by Commercial and added to the debt secured by this <br />mortgage. They are any taxes or insurance I 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 />exptmses 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 proceeds of the taking will be paid to <br />Commercial up to the full amount of the debt secured. <br /> <br />/1-.;1-03 <br />Date <br />STAT!; OF NEBRASKA <br />C;OUNTV OF HALL <br /> <br />./ <br />" ) /1.'7 lyt~~'L = /(/':"(>- <br />./ M/ <br />"4.~ ,;I ,. ,/~--- <br />j;/ / <br /> <br />ss. <br /> <br />On this 2nd day of November ,19 83 , before me, a notary public in <br />and for said county, personally cameVerlyn R. Vol'k'e':r and Barbar,a tB .me'otI.da8r to be <br />the idet)tlcal parson or person.. whose name is or names are affixed to the above mortgage, <br />Jmd they, ~. or she severally acknowledged the said instrument and the execution thereof <br />to be their voluntary act and deed. <br /> <br />WITNESS my hand and notarial seal the day and year last above written. <br /> <br /> <br />/"l <br />L-LJJ <br /> <br />i ___ <br />{,F/~ ~. _? ,(? <br />ufJ;tary <br /> <br />Public <br /> <br />C1....27 <br />r<EV 4./82 <br />