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<br />84 - 004117
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<br />MORTGAGE
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<br />I, Russell D, Evans and Kathleen S. E~aJW.ereby give COMMERCIAL FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property:
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<br />Lot Fourteen (14), Hawthorne Place, Grand Island, Hall County, NE
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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 thismoM:ga9l;l,'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 111 be paid before they become
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<br />UelIIJYUC'ft"'.
<br />4, No waste will be committed on the r.,,"'perty, and it will be kept in good repair.
<br />5. The property will 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: 1st Mortgage Conunercial Federal Savings & Loan
<br />J. No other mortgage or lien on the property will ever be allowed to be in default
<br />or be foreclosed,
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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, If the debt is accelerated, then 1 also assign any rent or other Income from
<br />the property to Commercial,
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<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 somoone 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,
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<br />If this property is ever condemned under the power of eminent domain or any similar
<br />method of taking propel"ty for public use, any proceeds of the taking will be paid to
<br />Commercial up to the fu!i amount of the debt secured,
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<br />STATE OF NEBRASKA
<br />COUNTY OF
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<br />ss,
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<br />On this 27th day of July , 19~, before me, a notary pubiic in
<br />and for said county, personally camllRll<:Q,l1!1 !I. KMhlppn <; Fit,,", , to me know to be
<br />t'" IdenUat! berson or persons whose name is or names are affixed to the above mortgage,
<br />and they, he or she sel/erally acknowledged the said instrument and the execution thereof
<br />to be their voluntary act and deed,
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<br />WITNESS my h.lOd and notarial seal the day and year' last above written,
<br />
<br />.L lJCHAIto VAN IYl
<br />CiiNEl.AJ,.N01A.'f>St.....~NDr
<br />. . ""C-',I.!\I' 1>. ll,1901
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<br />My commiSSIon expires ~>, t' ;, h
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<br />Notar~' -p'~blic
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