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__ __ _ , <br />MORTGAGE 82""' V V 4 ! a7~ <br />1, Melvin E. Leth b Narilm J. Leth hereby give COMMERCIAL FEDERAL <br />SAVINGS AND LOAN ASSOCIATION (Commercial) ~a mortgage on the Following property: <br />(' Lot One (1) of Bernard Voss First Subdivision, a subdivision of part of Lot thse (I) <br />i of Voss Subdivision of Section Eleven (11) in Township Eleven (11} North, Range Nine <br />(9), West of the 6th P. N., Nall County, Nebraska. <br />If more than one person signs this mortgage, the word "I" means "we". <br />This mortgage secures a loan made by Commercial. A note dated the same date as <br />this mortgage contains the terms far repayment of that loan. if that note is ever changed <br />or replaced by a new nose, it will still be secured by this mortgage. <br />I promise the following things: <br />1. All payments on any note or other debt secured by this mortgage will be paid <br />when due. <br />Z. An insurance policy for fire and extended coverage will be kept in force on the <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 cn 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 no <br />interest in it will be assigned in any way. <br />6. I own the property free and clear of any other mortgages or encumbrances <br />except: _ Commercial Federal SavinRS a; Loan <br />7. No other mortgage or lien on the property will ever be aliawed to be in default <br />or be foreclosed. <br />If any of these promises are not kept, then Commercial can declare ail of the debt <br />immediately due and payable without advance notice. The interest rate will increase to <br />19.00$ or any greater rate allowable by law at that time, and this mortgage can be <br />foreclosed. If the debt is accelerated, then I also assign any rent or other income from <br />the property to Commercial. <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 fait to, any <br />attorney fees or court expenses Commercial pays if it is made a party to any legal action <br />brought by someone else concerning the property, and any attorney fees or court <br />expenses which the law might allow if Commercial has to go to court against me to collect <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 />If this property is ever condemned under the power of eminent domain or any similar <br />method of taking property for public use, any proceeds of the taking will be paid to <br />Commercial up to the full amount of the debt secured. <br />November 3, 1982 <br />Date <br />STATE OF NEBRASKA ) <br />CfiUNTY OF HALL ) ss. <br />r. G <br />~yyf Lt <br />On this 3rd day of November 19 82 before me, a notary public in <br />and fpr said county, personally came LSelvir} F,. Lath ~ xa_rt jva ~.. I~tr,• to me know to be <br />the- ieietrticai person or persons whose name is or names are affixed to the above mortgage, <br />a~tc#`they;- he or she severally acknowledged the said instrument and the execution thereon <br />to be their voluntary act and deed. <br />WITNESS my hind and ncitarial seal the day and year last above t,• •~~r~. <br />i1t~Itb.MAI11t+lM~ ~f R~IaA .--" <br />1IAl/ ilPi. - ; <br />Mr O,~~w 4 JM~ iL tM~ ~:~~.~~ ~ ~ 1.;1u ~ x <br />Notary Public <br />My commission exp;res tea:. <br />,~.r ~~:: ~.,.___ <br />~~--27 <br />