|
<br />..-......
<br />
<br />84-
<br />
<br />OO""~;'='9
<br />u'" ". .
<br />
<br />MORTGAGE
<br />
<br />I, Helen S. Benzel , hereby give COMMERCIAL FEDERAL
<br />SA V I NGS AND LOAN ASSOC I AT I ON (Commercial) a mortgage on the following property:
<br />
<br />r
<br />
<br />Legal Description: Lot Thirty-Four(34), Block Six(6), Unit One(l)
<br />Continental Gardens Addition, An Addition to the
<br />City of Grand Island, Hall County, 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. 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.onthe
<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 />3. All taxes and assessments on the property will be paid before they become
<br />delinquent.
<br />4, No waste will be committed on the property, and it will be kept in good repair;
<br />5. The property will not be sold (including by land contract), leased, and.nQ
<br />~nt~rest in it wi!! b~ assigned in any ",h':' ,. ~
<br />6. I own the property free and cl.. ,:'f any otLClr mortgages or encumbrances'
<br />except: First Federal SaviMs ail<.. Loan of Lincoln
<br />7, No other mortgage or lien on the property will ever be allowed to be in defauU'
<br />or be foreclosed,
<br />
<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 willincrease<to:-.
<br />19.00% or any greater rate allowable by law at that time, and this mortgage can>beAc
<br />foreclosed. If the debt is accelerated, then I also assian any rent or otherincomeofrom
<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 legalactiOl'l
<br />brought by someone else concerning the property, and any attorney fees or cCl\.Irt
<br />expenses which the law might allow if Commercial has to go to cO\,lrt against me tocoU!!iCl
<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 sil'f\Har
<br />method of taking property for public use, any proceeds of the taking wBI be paid to.
<br />Commercial up to the full amount of the debt secured,
<br />} ;7
<br />
<br />~ LJ0JJ ~
<br />
<br />9129/84
<br />1""\_"_
<br />IJd\.G
<br />
<br />STATE OF NEBRASKA
<br />COUNTY OF Hall
<br />
<br />ss,
<br />
<br />On this 29th day of September, 19---8L, before me, a notary public in
<br />and for said county, personally came He 1 en S. Benzel, to me know to be
<br />the id~t;ltical 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
<br />
<br />the day and.-!e.ar}jst
<br />""'7-:;;.LJ.>--t'.~
<br />i;h..(.;~..
<br />
<br />abo);e written,
<br />/1. Lr--:r'
<br />! ,'/"il'1 ..'
<br />l.',;, :/ FJ.{
<br />, /' h' .f... Jet. '(
<br />~/' l~-
<br />Notal'Y Public
<br />
<br />March 30. 1985
<br />
<br />(./
<br />
<br />My commission expires
<br />
<br />... ~&nP A Mattt\
<br />I. (~A.'~~u,al~.' "'-"
<br />~ Mll.-.t"".....lIO.lft&
<br />
<br />CL-2:
<br />H:t:;\' 4 '~12
<br />
|