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<br />84-
<br />
<br />006262
<br />
<br />MORTGAGE
<br />
<br />r
<br />
<br />I, Ronald D. Breckner J hereby give COMMERCIAL FEDERAL
<br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property:
<br />
<br />Lot 1 Block 2, Lambert's 2nd Addition, City of Grand ISland, Hall County, NE
<br />
<br />I f more than one person signs thi s mortgage J the' word "I" means "we".
<br />
<br />This mortgage secures a lean made by Commercial. A note dated the
<br />this mortgage contains the- terms for repayment of that loan. If -that. hote :is ever
<br />or replaced by a new note, it will still be secured by this mortgage.
<br />
<br />I promise the following things:
<br />
<br />
<br />1.
<br />
<br />All payments on any note or other debt secured by thismortgag~'willb8'plilidj
<br />when due. .... . .. ...... ..' .','
<br />An insurance policy for fire and extended coverage will bekep~..inforc.e:"'9ry;.'t:I1~':.
<br />property in an amount at least equal to the debtssecuredbytl'1i~~?l:1:Q;ll.~~,'pI9~t
<br />any other mortgages listed in paragraph 6. The insurancecOIl'lj!laI'lY"!l1.~I>t...b~";;
<br />satisfactory to Commercial, and Commercial will be a named'insur"ea... on"'tl'1!!"..
<br />policy, . .......
<br />All taxes and assessments on the ,.':;)erty will b~paid' befOrl!.theyb~Q!rt~.2f.'
<br />
<br />~~Ii:~~:~\Vill be committed on the property, and it will beke~ting~d~~~~i!k,,>' ;
<br />The property will not be- so~d (including by land contr_act}t. lea,~et1_i::..,:~:a~~:f~~L;~~t?~;;~,;';}:~~r:'\:__~
<br />interest in it will be assigned in any way. . . . ...>...V....X
<br />I own the1.croDer.tty free and. c.leard of 1 aoy ,other&.. mort.gag~s....: or.:....e. nctl.... m...bl';a..."....EU. :,.....i..... it ,.
<br />except: St "'lor .gage \-ommerClal te era :,aV1ngs Loan .' ". .'. ...".....
<br />
<br />No other mortgage or lien on the property will ever be. allowedtobein(jef~~f;t,f
<br />or be foreclosed.
<br />
<br />
<br />2,
<br />
<br />3,
<br />
<br />4.
<br />5.
<br />
<br />6.
<br />
<br />7.
<br />
<br />If any of these promises are not kept, then. Commercial can decJareall ofth~de,b.~. ",
<br />immediately due and payable without 'advance notice. The interest ratewiH.incr~Cl~e.:t9'.:,,,..?\U
<br />19.00% or any greater rate allowable by law at .that time, and thismortg~g~'0Canbl\f{:'<
<br />foreclosed. If the debt is accelerated, then I also assign any rent or otheril1coRleFrfro!ll";;:
<br />the property to Commercial, .
<br />
<br />Certain amounts can be paid by Commercial and added to the debt securedby.thi$:\
<br />mortgage. They are any taxes or insurance I have agreed to pay but failtQi'<lt:}.y;.
<br />attorney fees or court expenses Commercial pays if it is made a party tQ anyl~~I:ac::.til)p.,
<br />brought by someone else concerning the property, and any attQrney fees Or cOl;.\r1;"
<br />expenses which the law might allow if Commercial has to go to cOl;.\rt agalnstmeto.:c9f~~t"
<br />the debt or foreclose this mortgage. If any of these things happen, then the.ad.ditil)l"lilt
<br />debt will accrue interest at the same rate as the rest of the debt and mustbe.palct<
<br />immediately, .
<br />
<br />
<br />If this property is ever condemned under the power of eminent domain or any simililf'
<br />method of taking property for public use, any proceeds of the taking will be paielta
<br />Commercial up to the full amount of the debt secured.
<br />
<br />I /. /
<br />1/ /} 'J I ,;. /./'
<br />( ! if u/ () ~.
<br />Date
<br />
<br />~./~~
<br />c'" "/;:~ ':.. ,~
<br />(
<br />
<br />STATE OF NEB~ASKA
<br />COUNTY OF L1+"jj?
<br />
<br />ss.
<br />
<br />~j r-
<br />On this 0' u day of ~9
<br />and for said county, personally came jJ.
<br />the identical person or persons whose name is or names are affixed
<br />and they, he or she severally acknowledged the said instrument and
<br />to ~ their voluntary act and deed.
<br />
<br />
<br />before me, a notary pUblic in
<br />, to me know to be
<br />the above mortg~ge,
<br />the eXecution thereof
<br />
<br />"-~--r:;f'; :~/
<br />c, "_, t ,i,
<br />. '.1 o(
<br />
<br />above wr.itten,
<br />/,>llJ 'Z{ /
<br />" ',- i::/h>{~,!-,.{ .../
<br />Notary Public
<br />
<br />WITNESS my hand and notarial seal the day and year last
<br />
<br />My comm.nion eXPires~/l;;l<('J
<br />
<br />"
<br />.,
<br />
<br />-,~J
<br />
<br />Clr-27
<br />REV 4/82
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