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<br />84 -- 003749
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<br />MORTGAGE
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<br />l,Roger E, Sorensen and Janet A, Sorensen hereby give COMMERCIAL FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property:
<br />
<br />Lot 53, Alda Village, Argo 4th Subdivision, Hall County, NE
<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 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 />All taxes and assessment 3 on the property will be paid before they become
<br />delinquent.
<br />No waste will be committed on th;? property, and it will be kept in good repair.
<br />The property will not be sold ".:,cluding by land contract), leased, and no.
<br />interest in it will be assigned in any way,
<br />I own the oropert1F free1 md, clear & aDY ~ther mortgages or encumbrances
<br />except: C6rrn'erClal edera VlngS & an 1St 10rtgage
<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 />],
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<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, I f 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 />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 />
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<br />
<br />STATE OF NEBRASKA
<br />COUNTY OF
<br />
<br />ss,
<br />
<br />On this 12th day of July , 1984 ,before me, a notary public in
<br />and for said county, personally came Roaer E, Sore;;sen& Janet A, Sor;el1Senne know to be
<br />the identical person or persons whose name is or names are affixed 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 deed,
<br />
<br />L
<br />
<br />WITNESS my hand and notarial seal the
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<br />day and year last above written,
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<br />,.?~ 1o'tary Public
<br />
<br />~ RICHARD VAN ZYL
<br />_ GlNERAlNOTARY~~lat.oINebr,
<br />.. My Comm.b.p.J.l'l. 2l. 19"
<br />
<br />commission expires t-Y^"'" :J/) J /;/.<'
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<br />My
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