Laserfiche WebLink
<br />8~--~i)Q4972 MORTGAGE <br />l~ rA ~ hereby give COMMERCIAL FEDERAL <br />SAVINGS A D LOAN ASSOCIA ION (Commercial} a mortgage on the following property: <br />Lot Eignt (is) in dock one (1% Jenkinson subdivision, "ball 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 for repayment of that loan. If that note is ever changed <br />or replaced by a new note, 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 />2. 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 on 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 !and contract), leased, and no <br />interest in it will 6e assigned in any way. <br />6. I own the property free and clear of any other mortgages or encumbrances <br />except: "~iortaaae to Gonrlercial Federal Saving ~ Loan iiocument ~7G-Cd=4?;9 <br />7. No other mortgage or lien on the property will ever be allowed to be in default <br />or be foreclosed. <br />If any of these promises are not kept, then Commercial can declare all of the debt <br />immediately .due and payable without advance notice. The interest rate will increase to <br />19.00$ or any greater rata 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 fail 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, ar.y proceeds of the taking will be paid to <br />Commercial up to the full amount of the debt secured. <br />~~ ,~ ; <br />~~, ~~ = `er'r' :, ~,,r~ - <br />~ ~ <br />/% r `~! <br />Date / <br />STATE OF NEBRASKA } ss. <br />COUNTY OF ~,q j~ ) <br />On this ~~ day of j''%„L~, 19 ~~? ~, before me,,.~ otary public in <br />and for -said county, personally came Larry E. l+"lllt'am5 i+ i~tarv JeannlnO~""ro'1r~t~~s know to be <br />the identical person or persons whose name is or names are affixed to the above mortgage, <br />and they, he or she severally acknowledged the said instrument and the execution thereof <br />to be their voluntary act and deed-. <br />WITNESS my hand and notarial seal Lhe day and year last above written. <br />.~ <br />ItlldNt K:i1ANp ~ ~ .:;-.~_>!'* a4%'~J ~ J,., ~,.af"~ _ <br />A+r Coauu t~,ya2 ttpa -'~~ tiotdry Public <br />~1y commissson expire ~~~, ~, rydy _ <br />.,4,.` .i'~A <br />