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^:?ORTGAGE ~r~- SjU`}43Z~ I, Ronald D. Breckner & Debra K. Breckner hereby give COMMERCIAL FEDERAL SAYINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: Lot 1 Block 2 in Lambert's Second Addition to the City of Grand Island, Hall County, Nebraska. If more than one person signs this mortgage, the word "I" means "we". This mortgage secures a loan made by Commercial. A note dated the same date as this mortgage contains the terms for repayment of that loan. if that note is ever changed or replaced by a new note, it will still be secured by this mortgage. I promise the following things: 1. All payments on any note or other debt secured by this mortgage will be paid when due. 2. An insurance policy for fire and extended coverage will be kept in force an the property in an amount at least equal to the debts secured by this mortgage plus any other mortgages listed in paragraph 6. The insurance company must be satisfactory to Commercial, and Commercial will be a named insured on the policy. 3. AH taxes and assessments on the property will be paid before they became delinquent. 4. No waste will be committed on the property. and it will be kept in goad repair. 5. The property will not be sold {including by land contract), ieasad, and no interest in it will be assigned in any way. 6. I own the property free and clear of any other mortgages or encumbrances except: Commercial Federal Savin4s & Loan Association 7. No other mortgage or lien on the property will ever be allowed to be ~n default or be foreclosed. If any of these promises are not kepi, then Commercial :an declare aU of the debt immediately due and payable without advance notice. The interest rate will increase to 19.40$ or any greaser rate allowable by law at that time, and this mortgage can be foreclosed. If the debt fs accelerated, then f also assign any rent or other income from the property to Commercial. Certain amounts can be paid by Commercial and added to the debt secured by this mortgage. They are any taxes or insurance I have agreed to pay but fait to, any attorney fees ar court expenses Commercial pays iF it is made a party to any legal action brought by someone else concerning Lhe property, and any attorney fees or court expenses which the law might allow if Commercial has to go to court against me to collect the debt or foreclose this mor*_gage. if ary of these things happen, then the additional debt will accrue interest at the same rate as the rest of the debt and must be paid immediately . If this property is ever condemned under the power of eminent domain or any similar method of taking property far public use, any proceeds of the taking will be paid to Commercial up to the full amount of the debt secured. .,.~ yy'" -- ---.~ Oats STATE OF NEBRASKA ~ 55. Ct'JUNTY OF liAlt ! Can this 7th day of Dctober 19 82 before me, a otary public =n asld far Said county, personally came gpn~trl n R.-nrl~nor awn ~h.-~ e 3r~~`~ know to be tj]! kdenLt`cal Cf$f5an ar perSan5 wllaSe *`!ame iS ar nameaS are of fixed to t- J::v~ .`f:`v'rt+page, atsd they, he or she severalty acknowledged the said instrument and the a:~ecution thereof to be their voluntary act and deed. WtTNE55 my ,hand and notarial s4eai the daY and year +ast above written. 1MiGNA01Yy~~„ ~` ' ' yM slrr ee, ~Ma rRl6 NM "~ ' ~/` i:e.t =~lfbii~: My l~arhr{+is;ion expires ~_ ,,"% f_~~'~. ~AL_µv .~~' y •~`.'..