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$2"'t}G`J' 164 MORTGAGE <br />8~ ~~ ~' <br />I, ~~lna .T Idrerv and Debra L Daerv hereby give COMMERCIAL FEDERAL <br />SAVINGS AND LOAN ASSOCIATION (Commercial) a mortgage on the following property: <br />SEE ATTACHED <br />If more than one person signs this mortgage, the word "I" means "we", <br />This mortgage secures a loan made by Commercial. A note dated the same date as <br />this mortgage contains the terms for repayment of that loan. If that note is ever changed <br />or replaced by a new note, it will stilt be secured by this mortgage. <br />I promise the following things: <br />1. All payments on any note or other debt secured by this mortgage will be paid <br />when due. <br />2. An insurance policy for fire and extended coverage will be kept in force on the <br />property in an amount at lease equal to the debts secured by this mortgage plus <br />any other mortgages listed in paragraph 6. The insurance company must be <br />satisfactory to Commercial, and Commercial will be a named insured on the <br />policy. <br />3. All taxes and assessments on the property will- be paid before they became <br />delinquent. <br />4. No waste will be committed- on the property, and it will be kept in good repair. <br />5. The property will not be sold (including by land contract), leased, and no <br />interest in it will be assigned in any :vay. <br />6. I own the property free and clear of any other mortgages or encumbrances <br />except: First i4nrtaaag Flret Federal Lincoln Savinrrs and Loan <br />r. No other mortgage or lien on the property will ever be allowed to be in default <br />or be foreclosed. <br />If any of these promises are not kep[, then Commercial can declare all of the debt <br />immediately due and payable without advance notice. The interest rate will increase to <br />19.00$ or any greater 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 fail to, any <br />attorney fees or court expenses Commercia! 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 tfie 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 aver 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 />f rF` --.. <br />~ ~ tyate <br />STATE OF NEEsRASKA ~ <br />COUNTY OF ~ ss_ <br />. ~i~ . c <br />Debra L fiery <br />On this 24 day of Hovesber 19 82 , before me, a notary public in <br />and for said county, personally came Douglas J and. 11Cbra L hleerr to me know eo be <br />lire identical person or persons whose name is or names are affixed to the above mertgage, <br />and they, he ar she severally acknowledged the said instrument and the execution thereat <br />to be their voluntary act and deed. <br />WITNESS my hand and notarial seal the day and year last above written. <br />>tU4w~ ~i..M.it. tilp ~~.~.cat ~ !'~ ~l " ~ r,~,~-~~'-_ <br />Notary +'ubiic <br />My ccmfmi .lion expires .~~~ _ ~ i i:,+ Af <br />_,_.~ <br />