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<br /> 7,7_ �►(��� 25 F��P�� �.��z.F Ma��rG� �E:
<br /> � ASSIGNMENT OF RENTS L.a,n Nc�.__..__c133o'4-6
<br /> ----. ._.--.__.
<br /> KNQWALLMENBY?NE5EPRESENTS:Thai Bill f. Verplank and i:athy P.. Verp'an�;, hu5band arid +nife
<br /> (hereinaflcr cailed ihe Morigagors)in consideration ot ihe sum of
<br /> ThSrty--Four Thousand Two Hundred and nnJ100----------------------- Doilarsis 34,20Q.nn___�
<br /> � loaned to Mortgagors, do hereby grant, bargain, sell and convey unto COMMf.HC1AL FEDERAL SAVINGS AP1p IAAN ASSOCIATION o6(Imaha.
<br /> Nebraska, (hereinafier called 'Gommercia!"), iis successors and assigns. the toliowing described ;eai es(ate; siYuated in the County of,
<br /> Nd17 State of Nebraska,to�wit:
<br /> �asterly Seventy-Seven Feet (E77') of Lots Ttyo Hundreci Thirty-Three (233)
<br /> and Two Nundred ?'hirty-Four (234) in ldest LaHm, in tY�e City of. Grand Island,
<br /> Hall County, Nebras�.a.
<br /> TO HAVE AP�D TO H�LD THF. SAhRE, witfi the appurtznar,ces thereunto belonging, unto Commerc�al, iis successorsandzssi�ns, fcrever.
<br /> Said Mmlgagas hereoy coven��n! w�th said Ccrrmercizl, its sutcessors and assigns, fhat Mortgagors are IawPully seized o� suid pre;nises,thal
<br /> they are free from encumbrances, and ,hzf tney w�ll (orever �h•anant a.^.tl de(en�i the tille to sai�i premises againsl the Iawfut claims ef ali ueisons
<br /> wnomsoever.
<br /> ?rovided, new^.rfheless, these presents are 000n t6e in%Ima-in�cerd;f�cns:
<br /> That whereas thi: said hlort�agors os members of Camriiercici have this date execu(ed a noic�eviden�ing such ioan ard agreeinp fn repay said
<br /> sum oi money, with inte;est, in paymen:s as set !orth in said note antl have agreed lo abide by ihe lerms of sa�d not=_and Chartei antl By Laws ct
<br /> C�mmerciaL
<br /> Tnat whereas this mcrtsage shal! ser.ure any atlAitional a�ivances, HiL': interes(, which may, at the qption of Cornr�ercia!,oe made by Com
<br /> me�cial io the unders�gned Mnrtgagors ur their successors in t�tle foi any purpose,a?any time Cefore the reiease antl car:cellaiion of this morigage,
<br /> buf PROVIDED,H(7WEVE�, ai nc timc shaii the aggregate prccipal �mouni sewred by this martgage,being ihe amount due afany tsme on said
<br /> original nole ard a y additional advances made,exceetl an a.reunt equal to 110 perr.erl of the amounl ot Phe original r�o(e,bui in re evenl shaii
<br /> ' said nofe er�eEd tl�maximum amouni permifed Gy f�w, and PR�VICED,fiOWEVER,that nothing herein contained shall bc corsidered as limi(ing
<br /> ; the amnunt lha! snaN be ser,uieG he�eby when advanced lo protec� the secwity ur iri accordar.ce�vith covenar.ts confained in lhe mertgage.
<br /> New, ;( the sa�d Morlgagor� shall pay or causc- to be oaid tfie said sums of money e�hen due,as set(orth in saitl nr,ie,and any olher n�te for
<br /> i zdd�fionai advarces maAe un:il saiC debt is tuliy pa;d with inleiesi, fhen tnese piesents shali he void;otherNise,�c be and.remain in fuil force and
<br /> effect;6ut it tlefault shou!tl he made:
<br /> ,a; In a,^,y of ihe pay�re�t� G�e on ;aid noie, and ar,v otnzi noie ior additional�idvances matle,a�therein agreed to be rt�ade foi three mon!hs,or
<br /> (b) In keeping (he improvemenls on saiA prermses Insured agalnsi loss by !eason o� fire, lighlring, and other haza;ds include�in exfentled
<br /> coverage insurance in ar. amcunt net less thar. the unpaid �alance o` sald mor�gage loan, in a c�mpany or companies acceptahle io Cum-
<br /> mercial, the original o( such policy or policies to ba held hy Commercizl, a�d with a mortgage claus�:aitached to saitl noliey or policies,
<br /> in favor ot Commercial;or
<br /> (c) Ir,the payment of faMes and assessments levied uE��on said preinises,or on fhis niortgage, befoie they�r�de�linqi�ent;or � �
<br /> � (d) If fhere is any charige in the o;vnersFii� of �he rea! esfate i?iorigaged hereir., by saie,either oefrlgn!ci b;� lar,d contra•�;, or tiy a;si�nmen',of
<br /> �
<br /> any in!erest thereon o�otnerwfse;
<br /> then, in any ef the above set iortFi evenfs, ttie vuhu�e ir.aebfedness hereby secured ;hall, al the cptian of Comme;cial, immetliately become due 2nd
<br /> payaGle without furthe�notice,and the amount due under said note and any other note lor additionai advances made shall, trom the ddte of the exercise
<br /> of said option, bear interesi at;he maximum legal rate per annum,antl this mortgage may then be Poreclosed to satisfy fhe amouni due on saitl noie,and
<br /> any other note for additional ativances, together with all sums paid by Commercial 1or insurance, taxes,assessmenls and abstract extension charges,
<br /> with interest thereon fiom fhe date of payment ai tne maximum legal rate.
<br /> PROVIDED lhai in no event, either before or atter default, shali the in(erest due under said note and this mortgage and any oiher note for ad-
<br /> difionai ativances matle e�;ceetl the maximum lawful interest raie.
<br /> PROVIDED, furthei,thal in the event that default occurs in the making of the payments due on said note,and on any other no�e foi addilional
<br /> advances, as therein agreed to be made, or in keeping the premises insured, as a6ove proviGed,or if Cefawt be made in tiie payment oi the taxes
<br /> or assessinents levied upon lhe premises above described or upon this inortg2ge, betore ihey are by law delinquent, Commerciat shall be eniitled
<br /> to the immetliate possession o( the premises above describetl, together with all rents, proceeds and issues arising ou(of the premises,and may
<br /> in its tliscretion use lhe rents so far as if deerns necessary ior th� purpose oi making'repairs upon the premises antl fpr tne payment o(insurance
<br /> premiums,taxes and assessmenis upon such piemises,and lor necessary ezpenses incurred in renting said premises antl collecting ren�thereirom,antl
<br /> te appty same on said note and any notes evidencing fu(ure ativances he�euntler unfil fhe indebtedness ser.uredis iully paid;antl iorsuch purposes,
<br /> the undeisigned does hereby seli, assign, set over antl lransier unto Commercial all 01 said ren�s.proceeds and incoines inc�uaing any land conlraci
<br /> payments due merlgage oKners or any olher incomes of any type whaisoever from said property to be applied on the notes above-cescribed; but said
<br /> Cornmercial shali in no case be liabie fo�the fai lure io proare lcriants, to colleci rents,or to prosecute acfions(o iecover possession ol said premises.
<br /> The Morigagors (urlher appoin! Commercial ol Omahe, Nebraska, iheir aftorney in fact, giving said attomey power ir�ev�cably, ei(hei on its own
<br /> name or Mortgagors' names to take all necessary steps for proceedin�s in coiirt or oihenvise, io ca��se said premises to be vacatec, fe collec;ienlais
<br /> or otFcr incomes due,and wnen vacant, to relei,he,ame, �o make ali teasonabie�epairs 2nd pay faxes oui of saitl rents,p;oirts,coniract paymenfs or
<br /> incumes and to do all such things ei�her by its own officers ar by other parties duiy authcrized and appcinted by il,as ifs agent for saitl puipose,and
<br /> to charge or pay a reasonable fee for such services, all of the above in be done at such times and in such mannei and on such lern;s 2s to fheir said
<br /> aftomey may seem 6est,wi[h fuli power oi substiiution.
<br /> The Morigagors hereby agree that it Commercial either vcluntarily o� involuntzrily becomes or is matle o party !o any surt or proceeding relafing
<br /> to the hereinbetore described real estaie, or to this mortgage or said note or noles, other than a toreclosure inslifufed by Comrneicial. Mortgagors will
<br /> reimburse Commercial for all reasonable costs incurred by Commerciai in said suii or proceeAing. The Morigagors further agree ihal ii fhe heieinbelore
<br /> described real estate or any pait thereof be condemned under the powei oi emineni domain, o�is otherwise acquiretl for a public use,the damages
<br /> awaided, the proceeds tor the laking, antl tor the consideration foi such acquisi(ion ta lhe extent ef ine full amount of fhe rem-aining uripaid ind�•nied-
<br /> ness seared 6y this mortgage, be,and ihey hereby e�e,assigned to Commercial anc shall be pa�d torthwith f� Commercial to be applied on accet,nf o!
<br /> the last mawring inslaifinenis oi such inAehtedness.
<br /> , Datedtt�is____2_0_th..--___dayo(_._._.._OctOber 19 77
<br /> , __.
<br /> IN TH PRESENCE OF: ______ ' F`;������ / ��
<br /> . >�=G_:-_i._L.��._,�i:'i_t_v.1_'`�-----------.._
<br /> l /�! ����,« _�,�J Bi 11 �Verpl ank ,,/�
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<br /> �� , v� ��� ��,;- - „- r*,-,.
<br /> y ��-P- -- � __�-�—___ _._._.___.__ �i' ,
<br /> f'ath R„Ver 7ank � � .
<br /> STATE OF NEBRASKA
<br /> COUNTY OF Ha11 ss. � ; ,
<br /> On this_ _20th __.____Aav ol OCtOG2i^__._ , 19�� beforc;n�, a r;t2;v Gu ,�. �
<br /> fhe abcve-named . , ` , �w"'�Vf�i�RE�1V`�C'L'dUTMA1V �
<br /> Qill E. Verplank and I:athy R. V'erplank, husband an � GEhERAt NOTqRr
<br /> to me well known l0 6e the itlenticai person or peisons whose name is m namas are a(fix?d fe ine zbrve .c �AiE OF �{BRq,�q
<br /> o� she,severalty acknoH�ledge the said instrument and ihe execu(ion theraof, to he tnei�volunta�y act and �.�_���'°�'��'�'�`�4��1;T981�'
<br /> WITNESS my hand and Notarial Seal this day a�nyd ear last above written. ,� � �
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