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<br />MORTGAGE ~G'.~'l?t. ,~t~;~'`
<br />I Douglas D. Axford and Cloetha C. Axfoxvl hereby give- COMMERCIAL FEDERAi_
<br />SAVINGS AND LOAN ASSOCIATION ;Commercial) ~a mortgage on the foiiawing_pr•operty:
<br />Lot Twent}r-Four (2a), in '{idden Lakes Subdivision Number Two (2), being a part of the
<br />a'E 1/a NE 1/r+ and apart of the N 1/2 NE 1/4 SE 1/4 of Section Thirteen (13), Township
<br />Eleven (ll), North, Range Pine (9), West of the 6th P,M., in Hall County, Neflraska.
<br />if more than one person signs this mortgage, the .vord "!L" means "we":
<br />This mortgage secures a loan made by Commercial. A' note dated the same date as
<br />this mortgage contains the terms fcr repayment of 'chat Icon. If thaw noteis ever".changed
<br />or replaced by a new note, it will sti(i txe secured by this mortgagee
<br />r promise the rollowing things:
<br />7. A;t payments an any :note or nther• debt secured by this mortgage will- be paid
<br />when due.
<br />2. An insurance policy `dr fire :and extended rov~rage will be ~.ept in ford on 'he
<br />property in an amount at least equal to the deters sec:: red by this mortgage plus
<br />any other ,rcr*:;~ages 'fisted in paragraph a. The insurance ccmpany must be
<br />satisfactory to Commertrai, and Gommerdiaf wilt he named insured on the
<br />policy.
<br />3. All taxes ar~d assessments an the. property will be paid before they become
<br />delir.quert.
<br />4. No waste brill be committed on thepraperty, and i' ~v~il ae i:ept ~n good repair.
<br />5. The property wi~l itob be said ;inctuding - by ' land contract), leased,. and no
<br />interest in it wi!i be assigned in any .way.
<br />6. nwn the troperty free and dear: of any other mortgages or encumbrances
<br />except: Co~reial Federal Savinss'6 Loan Association
<br />7. No other mortgage or lien on tCte property'wrli wee oe a:'owec+ to be fn default
<br />or be foreclosed .
<br />If any of these promises are not ~epC, then Commercial can aeclare alt o` the c+ebt
<br />immediately due and payable without advance notice. The interest rate .vill ncrease .o
<br />t9.ro~ or any greater rate ailowabJe b•y "aw a: !not time, and tl•~is mcrtgage car• be
<br />foreclosed. if the debt is accelerated, then also assign any rent or- other inccme from
<br />the property to Comrnereiai,
<br />Certain amounts can be paid py Commercial and added to the debt secured icy this
<br />mortgage. They are an•y [axes or irsurance have agreed to pay uut rat! to, any
<br />attorney fees or court expenses Commercia: pays ~;f i? ;s made a party Co any tecai act~,on
<br />brou4ht by someone ease cancerr,irg the property, and any artor;~ey fees cr court
<br />expenses which the taw might allow if Ccrrr-,erciai has to go to court against me to collect
<br />the debt or foreclose `his mcrtgage. (f arry of these things happen, then the additional
<br />deb' wilt accrue interest ~_ the soma mate as the rest of the debt r7nc must be paid
<br />immediate I y .
<br />If this property is ever coo?demned under the power cf e.rr,iner`t dcinain or any similar
<br />method of taking property for public use, any proceeds cf the raking e•,ill be paid to
<br />Cnrtsmerciaf up to the full amount of the debt secured.
<br />,~' i~-
<br />C-~.__~t.~ ."1- .. -
<br />j," ,,pngin3 D» Axfprd
<br />_ August 2J, 1582 ``_
<br />t7ate Cloeftra C. Ax.for;i
<br />STAVE fl~r= NEBRASitiF i
<br />Ct7,lilTl' OF t[Ai,I, ss
<br />Clr;rthis 3;1tis day of August ~9 8?_. berere m•e' ~~t -~~ ~7'"r_
<br />and Far said. amour*.y personariy came i7auElas v Ax.'ord and Ioetha C. C''a-~'~ '`" ., b'
<br />t,`n9 boan`zcal oers,7r. .,. ~•erscns •~^r.sa ,~ar,~e i~ cr ^a:r•es •~re ~ff:~ed tc ~t,r .u:: _ .,:iag~'
<br />andttt~y, !',,a or• sft~~severaii}~ a~:~nowlc'dyed ~t;e ,aid 'nstr~rnNnt anu *~e a~ c~*i~, ~re~s~`
<br />to ~tla Lh@=+: v~aia^tary act as;>v ~~eed.
<br />~titii T ^$f;SS my :and and ratar,a sea: _re da', as.c -sae -as =,bnve .~_.,.
<br />~1{~ t~ 1
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