|
<br />I
<br />
<br />i::f= Ii / --,
<br />
<br />84 __005001
<br />
<br />MORTGAGE
<br />
<br />r
<br />
<br />I, Jack D. 1> Cheryl L. Scott , hereby give COMMERCIAL FEDERAL
<br />SAVINGS &~D LOAN ASSOCIATION (Commercial) a mortgage on the following property:
<br />
<br />2015 West 1st St.. Grand Island. Nebraska; A/K/A Lot 3. Block 4,
<br />Woodbine Addition 'to the City of Grand Island, Nebrask~ and it's
<br />Complement; Fractional Lot 3, Block 25, Raker's Addition to the
<br />City of Grand Is 1 and, Ha 11 County, Nebraska.
<br />
<br />If more than one person signs this mortgage, the word "I" means "we."
<br />
<br />This ~ortgege se~ures 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
<br />changed 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 no~e or other debt secured by this ~ort~age will
<br />be paid when due.
<br />An insurance policy for fire and extended coverage w1Ll be kept in
<br />force on the property in an amount at least equal to the debts secured
<br />by this mortgage ?lus any other mortgages listed in paragraph 6. The
<br />insurance company ~t be satisfactorv to Commercial, and Commercial
<br />will be a named insured 0n the policy.
<br />All taxes ana assessments on the property will be paid before they
<br />
<br />3.
<br />
<br />baccrma dcliuq~e~t~
<br />
<br />~. No waste will :,e commit,ted on the pro?~1'
<br />
<br />,nd it wiJ.:, be kept in good
<br />
<br />repair.
<br />~ The prDperty Nill not be sold (including by land contract)~ leased, and
<br />no interest in It will be assigned in any way.
<br />(,. r 0wn the propert~-' free and clear of .:In)~ other mortgages or ~ncumbrances
<br />except C!JMMERC I i\l FfDER/\L
<br />
<br />~o Jther mortgage or lien 0n the property will ever be allowed to be in
<br />default Dr be foreclosed.
<br />
<br />~~ any of these ~rQmises are not kept, then Commercial can declare all of the
<br />debt immediately due and ?ayable ~ithout 4dvance notice. The incerest rate will
<br />ir:.crease to 19.00:, and this more gage .::an be fDreclosed. If the debt is acceler-
<br />dteO. t~en I also assign any rent or other lnc~me from the property co Commercial.
<br />
<br />Certain amQunts 2~n be paid by Cvmmercial and ddded to the debt secured by
<br />this ~ortgage, :~ey are any taxes or insurance 1 have agreed to pay but failto,
<br />any attorney fees Jr court expenses Commercial pays if ~t is made a-party to any
<br />legal action brought ~y someone else concerning the property. and any attorney fees
<br />or ~ourt ~xpenses ~hich :he law might al10w 1.f Commercial has to go co court against
<br />~e to collect the debt _1r f0reclose this mortgage, If any of these things happen,
<br />then the additional debt will accrue interest at the same rate as the rest of the
<br />jebt and must be paid iomediately.
<br />
<br />I: this property ~s ~ver cundemned under the power of eminent domain or any simi-
<br />lar method of taking property for public use, any proceeds of the taking will be
<br />paid to COl!Jlllerdal '-Ip to the full iiI:lount ofthe,;'bt se~ured'/}IJ .d
<br />
<br />X hlC~1';&' cb::-~ ( .,
<br />IF /
<br />
<br />'+-12-84
<br />!:late
<br />
<br />/_l'
<br />
<br />,-.::-
<br />
<br />~/7 /1'
<br />
<br />i",} (
<br />/""
<br />
<br />STArE OF ~EB~~~\
<br />
<br />SS.
<br />
<br />cotJ"NT'{ OF Hi)! 1
<br />
<br />On this ~ day .;,,1i '~p p r , :'9~~ befDre J1e, J ~10tary public It'!.
<br />
<br />and for _S~!S..~t;.Y,. ::>"r~onallY, came I iI ~ i IJ. ~ b. rl~ r . I l ~ "J,J .'
<br />t.tt;~_~~~;$.O,be ~e iaeucica.;.. person 0r t'ltarSQns w O$e name '""~ :-tam~s .:ire dtfixec.
<br />'rl't!\lrtb_9"~';:qQ"l:gai'" an<i t!'lev. he c'l' ",he deverall" ackno"ledgec the said instl'u-
<br />~nto'~,~ ~;;u~i()f\ thlll'"ot ,,) be their 'Joluntarv .lct ,md deed,
<br />~ -aL"oq _.~ '4_ ..,,'
<br />~W!'l'Nf~~~n<i and notarlal ""a1 the day d"a "'eal' last abc'\'", ''''r itt~n,
<br />
<br />'lv -,;~t:;J:nl.v.$..l..;jn {'-Jo:1.n :"f~"S
<br />
<br />
|