Laserfiche WebLink
t <br />~~ <br />I~ David H. Botm and/or Julia A. nahai hsraby give C424~E,CIAF• pEDENIS. <br />gAp~g ~pD yp~ ASS~IAZIOH (Coaa+erciai) a mortgagt an the fallowing property: <br />(sae back aide? <br />FI_._~}~5II45 <br />if morn than one peraan signs this mortgages, the word "I"` mesas "ve." <br />'Ybia mortgage aaeurea~a loan made by Coatercisa. A. note-dated the same date as <br />this aortgage contains the terms for repaymaat of Chat loan. If that note is ever <br />chsngsd or replaced by a new note, it will still be secured by this mortgage. <br />Z prasise the following things: <br />1. Ail payaanta on any note or other debt secured by this mortgage will <br />be paid whm dun. <br />2. Aa insurance policy for fire and eateadad coverage will be kept is <br />farce on the property in as amount at Ieast equal to the debts secured <br />by this mortgage plus any other mortgagee listed in paragraph b. The <br />inaarnnee company must be satisfactory to Commercial, and Commercial <br />will be a r.am~2d iaa::rsd an the pallcy. <br />3. All taaea and aaaaaemaata on the property will be paid before they <br />became delinquent. <br />4. Na waste will be committed oa the property, and it will be kept in good <br />repair. <br />5. The property will not be sold (including by land contract), leased, and <br />no interest is it will be assigned in any way. <br />6. I own the property free and clear of nay other mortgagee or encumbrances <br />except Commercial Federal Savings ~ Lean Association <br />7. Aa other mortgage or lies on the property will ever be allowed to be in <br />default or ba foreclosed. <br />If any of these promises are net kept, then Commercial can declare all of the <br />debt immediately due and payable without advance notice. The interest rate will <br />increase to I9.OOZ, and this mortgage can be foreclosed. If the debt is acceler- <br />ated, thaw I also assign any rent or other income from the property to Commercial. <br />Certain assaunts can be paid by Commercial and added to the debt assured by <br />this ~rtgaga. lacy era any taaas ar insurance I have agreed to pay but fail to, <br />any attaYtYey €aaa ar court aspeasee Commerclsl pays if it is made a party to any <br />legal action brought by someone else concerning the property, and any attoniey fees <br />or court sxpamea which the law might allow if Commercial has to go to court against <br />mm to collect the dsbt or foreclose this mortgage. If any of these things happen, <br />than the additional debt will accrue interest at the same rate as the rest of the <br />debt and must be paid immediately. <br />If Chia propazty is ever condemned under the power of eminent domain or any simi- <br />lar aiathad of t:king property for public use, aay proceeds of the taking will be <br />paid to Cosnarcial up to the full amount of the debt sectfPed~ ,~ <br />/s/ ~t~ r <br />David /Rohm <br />November 18. 1981 !s/ i ~' 'L~t. ~•`'7'U';>~-z-' <br />Data Julia A. Bohm <br />Qf` NEES11R1CA ) sa. ,y <br />!' OP' HAi.L ) <br />pn thin 18th- day of November , 19 81 , bsfore me, a notary public in <br />amd foc said county, Paraonallp coma David H Bohm and J„tt~ a_ ~~, <br />is adI knoarn to ba the identical parson or persona whose name is or names are affixed <br />tv the above mort;a;e. and they, hs oz aha severallq aekaowledgad the said instru- <br />aant a~ eha esacution thaseeof to ba their voluntary act and dead. <br />~d-aaCrial anal the day and year last above trritten. <br />RI11+M*~ hna a u~r+u+w <br />RMS~1~d~}.f1 e~.alYklllCElt <br />4 ~t.N,ef ox ^nrel rwf ~ _ ~ ~.L~ ~ `'[ ~5 ~ <br />Notary Public <br />5-118 <br />