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<br />MORTGAGE
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<br />84-003845
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<br />I, Melvin E, Leth and Marilvn.J jpth , hereby give COMMERCIAL FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property:
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<br />Lot One ~l) of,Bernard Voss,First Subdivision, a subdivision of Part of Lot One (1)
<br />~f Voss ~ubdlvlslon of Sectlon Eleven (11) in Township Eleven (11) North, Range Nine
<br />\9) West of the 6th P.M, Hall County Nebraska
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<br />If more than one person signs this mortgage, the word "I" means "we",
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<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.
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<br />I promise the following things:
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<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 thiSlTlQrtgagl1!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 />J, All taxes and assessments on th~ propert, will be paid before they
<br />delinquent.
<br />4, No waste will be committed on the property, and it will be kept in good
<br />5, The property will not be sold (including by land contract), leased,
<br />interest in it wiil be assigned in any way,
<br />6, ! own the property free and clear of any other mortgages or encumbrances
<br />except: 1st Mortgage Commercial Federal Savin!;ls " I f1~n
<br />7, No other mortgage or lien on the property will ever be allowed to be in rl'tfault
<br />or be foreclosed.
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<br />I f any' of these promises are not kept, then Commercial can declare ail of the debt.
<br />immediately due and payable without advance notice. The interest rate will increase to
<br />19.00% Or any greater ('ate aliowab:e by law at that time, and this mor':'jage- can be
<br />foreclosed. ,f the debt is accelerated, then I also assign any rent or other income from
<br />the property to CommerCIal.
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<br />Certain amounts can be P,lIO by Commercial ano added to the debt secured by -this
<br />mortgage, They ar-e 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 iegal action
<br />orought by someone else concerning the property, and any attorney fees or co.urt
<br />expenses which the 'aw m,ght allow if Commercial has to go to court against me to collect
<br />the debt or foreClose th,s 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 />jmmediatel~:, .
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<br />If this propel'ty !s ever condemned under the power of eminent domain or any similar
<br />methoo of taking propertv for publ ic use, any proceeds of the taking will be paid to
<br />Commercial up to the rull amount of the debt secured,
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<br />STATE OF' NEBRASKA
<br />COUNTY OF
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<br />On this 14th day of ,Julv 19 84 . before me. a notary public in
<br />and for said county. personally came~\elvin F !plh" 11~ri1yn ,1 j"th, to me know to be
<br />the iaentical person or persons whose name is or names are affixed to the above mortgage,
<br />and they. he or she severally acknowledged the said instrufnent and the execution thereof
<br />to be their voluntary act and deed,
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<br />WI TN ESS my hand and notar~ial seal the day' and 'ye-ar last above ....,citten,
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<br />~ IIC/V,ID VA" lYl
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<br />My commlss,on ~)(,pjres,_..~~~....____"
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