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~iORTG~G~ O~ ~ ~~ ~~ f~ L ,~ +~ F.... `~ Jack D. Scot t. Cher, L L. Scott _ Hereby. give GQr4~SERCIe1I: F*?DER G7 SAVIfiGS a=YD ~OA,\ ASSdCI:1TION ;Commercial} a mortgage nn the following proaerrv: Lot 'Phree (3? Block Four (4) :•ioodbine Add3t3on co the city-o_` Grand Island, Hsll County, NebrasE~a and its complement Fractional Lot Three (3j Block I`4;en*_v Eive (25) Baker's Adcitian co the city of nand Island, $a12 Count;°, iVebraska°! If more than :one person signs this mortgage, the word "I" means "we." .This mortgage secures- a loan made '~q Commercial.. A note dated the same date as this mortgage contains-the terms £or repayment of that loan. If=that note is ever changed or replaced bq a nev note, it will still be secured by'this mortgage. I promise the fallowing things: 1. P.11 papmestts on aaq note ar other debt secured by, this mortgage will be paid when dur 2. Aa insurance policy for fire and extended coverage will be kept, in fa8ce an the property is an amount at least equal tc the-debts secured bv:this mortgage plus any other mortgages listed in paragraph 6. The insurance campaaq must 3e satisfactazq to Commercial, and Commercial will be anamed-insured an the policy. 3. All tries sad assessments oa:che property will be paid before they became dtlinquent. y. No caste will be committed on-.the propertq,-and it will be kept ir. kaod repair. 5. 'Fhe pmpaztq '.gill not be sold (including by'land contract), lefised, and no interest is it vill'`be assigned in any uay. 6. I own tht property free'and clear of any other mortgages or encumbrances ezcept C:ommtrcial Federal Savings S Laan r+ssociation 7. Yo other mortgage or lien oa the property will ever be allowed to be in default or be foreclosed. If any of these ptomises are not kept, then ^ammercial can declare all of the debt imoedSately Sue sad payable without advance notice. i'he interest rate will increase to 19.t7aX, and this mortgage;ean 2~e foreclosed. iC the debt is r~cceler- ated, then I alga assign any seat or other income from the property to Commercial. Certain aaovaca can be paid by Coms~ercial and added ca the debt secured by thin rwrtgsge. They are any taxes or insurance I have agreed to pay but fail to, any attorney fees or court expea~es Commercial days if it is malt a•party to any legal action brought 6y someone else canceraing the property, sad any aCtarney fees JT court expenses ultichthe:law eight allow +_f Comeezcialhascogoto court-:..against me to collect the de~c oz foretlase this mortgage. Zf any of these things happen, then the additional debt uill:accrus interest at the same rate as the rest of .the debt and must be paid iaaediatelg If thin property is tver condemned under the power of eminent domain or any simi- Lar 3etnod of ta'rcing prapertq far public use, anq-.proceeds of the ta;cing grill 'oe paid co %as~ercial up to the 'vll amount of tht,debt secured. fr'r Jacjc~ D. Scott . ,.~ ~ .,~. Date Cheryl ?.. Sewn SSASt OF :iffi iItA ,` CGUNTY ~£ 7 ss-. Qa t3iis_? day of 1lav , l9 ~, fbv•e~fore me, a rritary public in ~K fvi '3 ~av .~... `... ^y~:°ti=.^--fl iS£ m,e.~! nU,:. rS :: Y: e~e~t}' ~... S~li(~,YY~ {.(~FfY!".... to me knave to tra .the idanti.ra1 person or persons ::hose name-is or nacres art aftixed to the above mortgage sad theq, ne or she seceral;.y acknowledged the 'said Lnstru~ ment and. the executioc thertof to be their ~oiuncar-: acr and deed. «T7'~Esfi :ay hand and nLtnrial =tea: the day and _3sr last above vriften. i~It aOF~-•lr ~f f ;r,, GR9L i1wIMA>• `~~ ~ C~a bin, ar a ~ , w,~ _~xm's~~~t`^. a_ _ ., 'Intar•r ?ublic f