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<br />I
<br />
<br />MORTGAGE
<br />
<br />84 - 002732
<br />
<br />I, James R. and Deborah K. Mever ,hereby give COMMERCIAL FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property:
<br />
<br />r- Legal Description: Lot Fifteen(15), of Abrahamson's Subdivision of
<br />Block Forty-Two(42), of Charles Wasmer's Second
<br />Addition to the City of Grand Island, Hall County,
<br />Nebraska.
<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 />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 />[';"operty 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 />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 c.roperty, free and clear of any other mortgages or encumbrances
<br />except: Commerclal Federal Savings and Loan
<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 faU to, any
<br />attorney fees or court expenses Commercial pays if it is made a party to any legalact!on
<br />brought by someone else concerning the property, and any attorney fees or cOM"t
<br />expenses 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 />5/17/84
<br />
<br />Qate
<br />
<br />STATE OF NEBRASKA
<br />COUNTY OF Hall
<br />
<br />On this 17th day of May , 19--.JiL, before me, a notary public in
<br />and for S;lid county, personally cameJ~rne'" R. and Deborah K Me~r~e know ,to, be
<br />the identical person or persons whose name is or names are affixed to theacove mortgag."
<br />and tney, he or she severally acknowledged the said instrument and the execution thereof
<br />to be their voluntary act and deed,
<br />
<br />-I. /1 /I
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<br />)I" )lhChQA. ~0~
<br />
<br />ss.
<br />
<br />L
<br />
<br />WITNESS my hand and notarial
<br />
<br />seal the day and y'!tr last a~ovl" ,written.
<br />
<br />-rr--~L'; ! ~/~~ ,~
<br />! I/:w~i '1 /'" '!71,{/J:f,('
<br />1 I; - , Notary Public
<br />If'lR5 V
<br />J,:fllll\OlHV Q, MlIo,"1
<br />GlNPAl. NOlAn -..-....
<br />..' : My <.--. fA", 100,-30. 1913
<br />
<br />CL-27
<br />R!;"V 4/82
<br />
<br />My commisSion expires MaT'('h :10
<br />
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