|
<br />I
<br />
<br />MORTGAGE 84 - 002461
<br />
<br />I,Richard D, Bennefeld ~. Kathryn L, Be~n'htf~C\,. give COMMERCIAL FEDERAL
<br />SAVINGS AND lOAN ASSOCIATION (Commercial) a mortgage on the following property:
<br />
<br />Lot Eight (8), of O'Neill Subdivision to the Citv of Grand Island, Hall
<br />County, Nebraska. ~
<br />
<br />r
<br />
<br />If more than one person signs this mortgage, the word "I" 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, If that note is ever changed
<br />or replaced by a new note, it will still be secured by this mortgage.
<br />
<br />promise the following things:
<br />
<br />1 . All payments on any note or other debt secured by this mortgage will be paid
<br />when due,
<br />2, An insurance policy for fire and extended coverage will be kept in force on the
<br />property ;n an amount at least equal to the debts secured by this mortg;age.pIUs
<br />any other mortgages listed in paragraph 6. The insurance camp;any mu$tbe
<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 />delinquent,
<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: E(Juitab'lt:> Bolli ldinp" R, T{'}.~n J.QQ[,\I'~
<br />7. No other mortgage or lien on the property will ev",r be allowed to be in default
<br />or be foreclosed,
<br />
<br />I f any of these promises are not kept, then Commerc.ial can declare all of the dflbt
<br />immediately due and payable without advance notice, The interest rate will incre<lseto
<br />19,00\ or any greater rate allowable by law at that time, and this mortgage.;an be
<br />foreclosed, If the debt is accEuerated, then I also assign any rent or other income from
<br />the property to Commercial,
<br />
<br />Certain amounts can be pa,d by Commercial and added to the debt secured by' thi;s
<br />mortgage, They are any taxes or insurance 1 have agreed to pay but fan to, any
<br />attorney fees or court expenses Commercial pays if it is made a party to any Itlgalaction
<br />brought by someone 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 caHect
<br />the debt or foreclose this mortgage. If any of these things happen, then the additional
<br />debt will accru~ <nterest 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 tne full amount of the debt secured,
<br />
<br />
<br />~f./~nt>"j{:'''~~7 tfl'q,~ /'
<br />" / '-K .....,/( -'" /' /;7
<br />'Y"T;">' ;" /, ,'" p..",-,. ,',:,'if~ -'
<br />.. ,,/ ',/ ~' ,,'?
<br />
<br />STATE OF NEBRASKA
<br />COUNTY OF HALL
<br />
<br />ss,
<br />
<br />On th,s 28th day of Ap,.i I . 19--i4--' before me, a notary publiC in
<br />and for sale:! county, personally camflRiphq_<j '\ llil I If'f f' t ~ lIle ~Qg.,:,!~liP~.p,
<br />the identical person or persons whose name is o~ name~R:r: a ixe '\:~ ab'lSvtf'ilt~
<br />.nd they f he Of' she ~c'v.r'.H'y oCKii-unitadgiJd the sCiid Instrument and the exacution th&r.wf
<br />to be their voluntary act and deed.
<br />
<br />l
<br />
<br />WITNESS my hand and notarial seal the day and year
<br />
<br />/;~r/~i<'
<br />
<br />last above written.
<br />,} /
<br />".',J..Ji.-c.
<br />Ii', tflti"
<br />, 'N~tary Public
<br />
<br />My c_'5sion exp.,..1I { {!:,b t, " ),.,
<br />
<br />,J. rNOtMT (l MlUm
<br />~M011oo.1-"'-
<br />.... O\y{_,h"._ ~.-
<br />
<br />CL-27
<br />R!:."V 4/82
<br />
|