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<br />84 ~ 003511
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<br />MORTGAGE
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<br />I, Garv M. Burris & Sandra S, Burris , hereby give COMMERCIAL FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property:
<br />
<br />Lot 4 Block I Morris AddiUon 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,
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<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.orrthe
<br />property in an amount at least equal to the debts secured by this m?rtgage.pll!s
<br />any other mortgages listed in paragraph 6. The insurance, company mu~~ IJ~,"
<br />satisfactory to Commercial, and Commercial will be' a named insured" Rl)'.'.the.:
<br />policy,
<br />All taxes and assessments on the property will be paid before they, beC!?l)le,:
<br />delinquent,
<br />No waste will be committed on the propertYI and it will be kept--'in 9~oc;i"r~-~~:~-~rb':::~'; .-
<br />The property will not be sold r....,cJudir)g by land-- contract}; leas,6c:f:; aJ1cf::'-no~~; -;,;:~L;-~~W~~
<br />interest in it will be assigned ir ,1.'( way, , ,,' "N:,
<br />I own the property free and dear of any other mortgages orerrcu"1.bCilf,l
<br />except: Commercial Federal Savings & Loan ',' , ",: .:'"
<br />No other mortgC!::le or lien on the property will ever be allowed:tobedn'de(
<br />or be foreclosed,
<br />
<br />
<br />2,
<br />
<br />3,
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<br />4,
<br />5,
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<br />6.
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<br />7,
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<br />i"_",,_,
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<br />If any of these promises are not kept, then Commercial candeclareallofthectf~P:i:'.
<br />immediately due and payable without advance notice, The interest rate willincrease."t9':
<br />19,00% or any greater rate allowable by law at that time, and this mortQage:~Elo"'Be:
<br />foreclosed, If the debt is accelerated, then I also assign any rent or other incoO'le.-frO!TV',
<br />the property to Commercial. ' ..,.
<br />
<br />__~-J>
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<br />Certain amounts can be paid by Commercial and added to thedebi:secu!"edl:)y',t:..
<br />mortgage, They are any taxes or insurance I have agreed to paybutfail>to; .
<br />attorney fees or court expenses Commercial pays if it is made a party to anylega'/aq
<br />brought by someone else concerning the property, and any attorney fees",or:coiJ;t,.
<br />expenses which the law might allow if Comrne('cial has to go,' to. cour.t',ag~Jri$j;jrie_~..;.to;:,:,c*iJr~t;t.,-
<br />the debt or foreclose this mortgage, If any of these things happen,then th.e.a(:iqi;ticlnaJ.".
<br />debt will accrue interest at the same rate as the rest of the debt andl'(\ushbe.<pai<;lf::
<br />immediately,
<br />
<br />If this property is ever condemned under the power of eminent domain or.any.'simi/:a.r.:'
<br />method of taking property for public use, any proceeds of, the taking wiJI be.paJptb>
<br />Commercial up to the full amount of the debt secured,
<br />
<br />6/25/84
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<br />
<br />Date
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<br />STATE OF NEBRASKA
<br />COUNTY OF HALL
<br />
<br />ss,
<br />
<br />On this 25th day of ,June , '19--8.1..., before me, a notary public In
<br />and for said county, personally cameGarv M, Burri,:;,,," SancJra S ntti'rF[l!il know to be
<br />the identical person or persons whose name is or names are affixed to the abov~ mortgag.e,
<br />and they, he or she severally acknowledged the said instrument and the execution thereof
<br />to be their voluntary act and deed.
<br />
<br />L
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<br />WITNESS my hand and notarial seal the day and yea.' last above written.
<br />
<br />.L.. . R10IARO VAN.. ZYL
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<br />My commission expires
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