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<br />84,-'
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<br />00264'
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<br />MORTGAGE
<br />
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<br />
<br />!, Larry G, Link & Marcia Link hereby give COMMERCIAL FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property:
<br />
<br />Lot 5 Ravenwood Subdivision S 1/2 of SE 1/4 Section 13 Township 11 Range
<br />9 Hall County Nebraska,
<br />
<br />I f 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 1 it witt still be secured by this mortgage.
<br />
<br />I promise the follo....ing 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 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 />policy.
<br />3. All taxes and assessments on the property will be paid before they become
<br />delinquent.
<br />4, No waste wil! be committed on the property, and it will be kept in gQQd repair.
<br />S, The property wil! 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:
<br />7, No other mortgage
<br />or De foreclosed,
<br />
<br />
<br />
<br />If any of these promises are not kept, then Commercial can deciare all of the debt
<br />immediately due and payable without advance notice. The interest ratewillincM!ll.!I:-.to.:'
<br />19,00% or any greater rate allowable by law at that time, and this mortgag.ecanbe
<br />foreclosed. If the debt is accelerated, then I also assign any rent or oth.r income, from.
<br />the property to Commercial,
<br />
<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 faU to, any
<br />attorney fees or court e>:penses Commercial pays if It is made a party to any leg.lactiol'l
<br />brought by someone else concerning the property, and any attorney fees Or COI.Il't
<br />expenses whiCh the law might allow if Commercial has to go to court against me to coHee'!:.
<br />the debt or foreclose this mortgage. If any of these things happer>, then the ad,dltlemal
<br />debt will accrue interEt$t at the same ralil as the rest of the debt and must be paid
<br />immediately.
<br />
<br />If this prop;trty is ever condemned under the power of eminent .dOlllain or any slmO." .
<br />method of taking property for public use, any proc.eeds of the tllking wftl be. paid to
<br />Commercial up to the full amount of the debt .s. ecured, . '0. .' I 'n ..'.
<br />
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<br />m'l r. it tv
<br />Date
<br />STATE F NEBRASKA
<br />COUNTY OF HALL
<br />
<br />S5,
<br />
<br />On this 8th day of Mav. . 19~, before me, a notary public in
<br />and for said county, personally came Larrv G. Link & Mf1rcia LLnlto me know tobe
<br />the identical perS;!)n or persons whose name 1$ or nam.-s are a fixed to the above mortgage,
<br />and they, he or she severally acknowledged the said instrument and the execution thereof
<br />to be their. voluntary act and d.ed,
<br />
<br />L
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<br />WITN~SS my h,md and notarial seal the day and year last above written,
<br />
<br />.L llOiMtl VAN 1Y1
<br />OIICw.NOrAlY'~<>I~,
<br />......,... ... Mjo(;-..........:n,lt..
<br />My <::omm.iUlon expires ~ ;;:J i I ! i#f.(
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<br />, . :;...'~oJ:t Public
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