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<br /> 78— U01018 EXPANDABLE MORTGAGE �oanNo� 818911-3
<br /> ASSIGNMENT OF RENTS
<br /> KNOW ALL MEN BY THESE PRESENTS:7hat Jitm�y l. Meyer dnd Jlan M. MeJ�C►', husband and wife
<br /> he er cailed the Mortgagors)in consid ti �f the sum oi
<br /> Twenty–Eight Thousand Three Hundred Fifty and �o��---------- ooilars(S ��+�0•v�---�i - �
<br /> u ( loaned to Mortgagors,do hereby grant, bargain,seli and convey unto CQMMERCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION of Omaha, �'
<br /> t Nebraska, (hereinafter cailed "Commercial"), ils successors and assigns, the following described reai estate, sifuated in the County of, � ?
<br /> Hall }c �ni t r�•Sto�°��#b�S�a..;n�ntt � t� r^nt�R��ro;:r:, zf, b^,;•,az 1?� hn�f �r 3a,::7 s �-
<br /> � . � �?ng? s��`1 �t'�`f(4t! b �fi .5`�?Fi'1�3i' •,i•Ly(? eb�pr E �ti 1Y *3f?� � ..'n.9't -. ?c"!F��#
<br /> . . ��Slfdtl��b'i� :ef ( . ? rEM^:)�'J�b'!`•?!3 "!��`f034��,�r ��.:,4 . �.i' n,rt ��tie� •.;���
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<br /> � � � � 30 :�e�rzivfi�ni�"�' vj;�ur�3 9d3 ��a � sn� tn nn�a7v��-:c:��? z'•v�7rfr.'i '�r ._ [:<<�!��_
<br /> � � i.r i� 9?.PRFQ kr f� f�.li4ct'!lYYl' ��€ f1tT;?✓.ir° ;IJ? + . .'}'!!3i'Y6U:-�. f?:..,.s��.:Ur.? �.,ri< .
<br /> � ( .f0..� 1. ili ��3 :alf�. V�t�"fa1�'9�,: •71T i91(. ^1GtT ^ '311Ei4:t L' � ' n•a at I�R[*TR . .
<br /> TO J{ .�� D„ A � a e q �on �or�m,g�yia its,�u yes and assigns,forever.
<br /> ,±�Y 9,��.�P !#4l-F.''T�rS "_4�-��' 44§�q'��' �Ri��'��"�,�•J�'��'�'�°�:, �+ § �s
<br /> S�ip�Mor �hecet�;eypenAnt� ,i�-sar��o�g q�a1�.�,��e��s�p QJass,i ��ha�y Mor(� �s�e.i�wirfly,{�q�cf said premises,that
<br /> the re �, b �y � � Y,W I�or@v@r_, air'al an��l��iy�d�t�ie'�ifle'.Qo s�1A' f�i�€§�i�sl V1e1�4/fU1 claims of all persons
<br /> � �(� �f'E!!9' �4� � �i .t�. h � W , r a r n . n�o, o , ,c
<br /> wham�tTever. a. �,� t �s_titi 7 #iiJ .tt.�, tr,,r,;: o _, r, ;� .
<br /> 9�. t�? }� rs ir tr± r^r
<br /> Pro�idC�,���e��e�,��'t7e�t��re���S�a�e,Spon�j�ie fqlfoi�ing�on�ii���s� , .
<br /> �} t1� . � r, � 1F1.1 !'e 92 �+!:`9tt� .1-c:7T� c,'a
<br /> 7hp4eyqerpas tl�e_s�a}d I�qtigagors?qy mg(q�e(s Qftrqyuer,4q�1 haye, �s,d�te�e�: a=r�qt�.gvidr, . rch I��ad,agreeing to repay said
<br /> �
<br /> sum oF money, with inferesl,in payments as set fo�ti,tq.,S�i4,no�e aqd�jv�eFag{@ec� ,d�id��by,tfie�terms�yd q`gfe ap�Q��ij�rter and By-Laws of
<br /> Commercial. ' �
<br /> That wherea�,this ma�tgage shait secure any additional advances, with interest, which may,at the option of Commercial,be made by Com•
<br /> � mercial to the undersigd�A141Brtgagbfs 6fspQ(�3uotessGt�YtEtNfe"f6}atry`(AirpbSe;3Canyrfkg�e?befotelth��Eeaseartd cancellation ot this mortgage,
<br /> ' but PROVIDED,HOWEVER,at no time shall the aggregate principal amount secured by tbis morlgage,being the amount due at any time on said
<br /> original note and any additional advances made,exceed an amount equal to 110 percent of the amount of the originai note, but in no event shall
<br /> said note exceed the maximum amount permitted by law,and PROVIDED,HOWEVER, ihat nothing herein contained shall be consideted as limiting
<br /> ' � the amount that shall be secured hereby when advanced to protect Ihe security or in accordance with covenants contained in the mortgage.
<br /> '; Now, if the said Mortgagors shall pay or cause to be paid the said sums of money when due,as set forth in said note,and any other note for
<br /> additional advances made unlii said debt is fully paid with interest,then these presents shali be void;othernise,to be and remain in full force and
<br /> effect:bul ii defauit should be made:
<br /> "� (a) In any of the payments due on said note,and any other note For additional advances made,as therein agreed to be made for three months,or
<br /> (b) In keeping the improvements on said premises insured against loss by reason of fire, lightning, and other hazards included in extended
<br /> coverage insurance in an amount not less than the unpaid balance of said mortgage loan, in a company or companies acceptahle to Com• � ,�';
<br /> mercial, the original of such policy or policies to be held by Commercial, and with a mortgage clause atfached to said palicy or policies,
<br /> ; in favor of Commetcial;or
<br /> i (c) In the payment of taxes and assessments Ievied upon said premises,or on this mortgage,before ihey are delinquent;or
<br /> (d) If there is any change in the ownership oF the real estate mortgaged herein, by sale, either outright or by land contract,or by assignment of
<br /> any interest thereon or otherwise;
<br /> then, in arry of the above set-forth events, the whole indebtedness hereby secured shall,at the option of Commercial,immediately become due and
<br /> ' payable without further notice,and the amount due under said note and any other note for additional advances made shall,from ihe date of the exercise
<br /> ''- of said option,bear interest at the maximum legal rate per annum,and this mortgage may then be foreclosed to satisfy ihe amount due on said note;and
<br /> ' � any other note tor additional advances,together with all sums paid by Commercial for insurance,taxes,assessments and a6stract extension charges,
<br /> wifh interest thereon from the date of payment at the maximum legal rate. ,
<br /> } PROVIDED that in no event, either before or after defaull, shall the interest due under said note and this mortgage and any other note for atl-
<br /> ,-� ditional advances made exceed the maximum lawtul interest rate.
<br /> PROVIDED,further,that in the event that default occurs in the making of the payments due on said note,and on any olher note(or additional
<br /> i advances, as therein agreed to be made, or in keeping the premises insured, as above provided,or if default be made in the payment of the Wxes
<br /> or assessments tevied upon the premises above described or upon this mortgage, before they are by law delinquent,Commercial shall be entitled
<br /> to the immediate possession of the premises a6ove-described, together with ail r�ts, pmceeds and issues arising out of the premises,and may
<br /> in its discretion use the rents so far as it deems necessary for the purpose of making repai rs upon Me premises and for the payment of insurance
<br /> ` premiums,taxes and assessments upon such premises,and for necessary expenses incurred in renting said premises and collecting rent therefrom,and
<br /> = to apply same on said note and any notes evidencing fuNre advances hereunder until the indebtedness secured is tuliy paid;and for such purposes,
<br /> the undersigned does hereby sell,assign, set over and transfer unto Commercial all of said rents,proceeds and incomes inciuding any land contract
<br /> payments due mortgage owners or any other incomes of any type whatsoever from said properry to 6e applied on the notes above•described;but said
<br /> Commereial shall in no case be 1ia61e for the failure to procure tenants,to collect rents,or to prosecute acGons to recover possession of said premisea
<br /> The Mortgagors further appoint Commerciai of Omaha, Nebraska,their attorney in fact,giving said attorney power irrevocaGly,either on its own
<br /> ` naioe or Mortgagors'names io take all necessary steps for proceedings in court or otherwise, to cause said premises to be vacated,to collect rentals
<br /> ; or other incomes due,and when vacant,to relet the same, to make al�reasonable repairs and pay taxes out of said rents,profits, contract payments or
<br /> incomes and to do all such things eithei by its own officers or by other parties duly authorized and appointed by it,as its agent for said purpose,and
<br /> 1 to charge or pay a reasonable fee for such services,all of the above to be done at such times and in such manner and on such terms as to their said
<br /> '; attorney may seem best,with full power of substiNtion.
<br /> � The Mortgagors hereby agree ihat il Commercial either voluntarily or involuntarily becomes or is made a party to any suit or praeeding relating
<br /> � to the hereinbefore described real estate,or to this mortgage or said note or notes,other than a toreclosure instituted by Commercial,Mortgagors will
<br /> reimDurse Commercial for all reasonable costs incurred by Commercial in said suit or proceeding_The Mortgagors further agree that if the hereinCetore
<br /> : � described real esUte or any part thereof be condemned under the power of eminent domain, or is otherwise acquired for a public use, the aamages
<br /> awarded, fhe proceeds fo�tfie taking,and for the consideration for such acquisition to the extent of the full amount of the remaining unpaid indebted-
<br /> , � ness seared by this martgage,be,and they hereby are,assigned to Commercial and shatl be paid forthwith to Commercial to be applied on account of
<br /> the last maturing installments of such indebtedness.
<br /> } oated tnis 23�d day or February ,ly 78 .
<br /> , � IN R ENCE aF: l��� Ji . Meye
<br /> ''� ` � �
<br /> � � � � �„+.
<br /> "� � Jean . Meyer _- :
<br /> � { �STATE UF NEBRASKA HAROLD C:RIC!lTER n �
<br /> *f • � ss.$ENE�iAI MOTARY "� ,: �.
<br /> r 4 COUNTY OF Nal l r "
<br /> �C� . S7ATE`OF NEBRASKA
<br /> F;�
<br /> ;3 On this 23�"d , 29�8—,6e(ore ine,a notary public in and tar said County,personally came �;x 7
<br /> �. the above•named "�
<br /> Jianpr. 1. Meyer and Jean M. Meyer, husband and wife A �'.;�
<br /> 4;�r to me;well knowo W 6e the identical person or persons whose name is or names are aftixed to the a6ove mortgage as granior or grantors and Uiey,he
<br />; � or she,.severaTly.acknowledge the said instrument and the execution thereof,to be their voluntary act and deed.
<br /> t ` Wi7NESS my hand and Notarial Seal thls day and year last abovc written. ���c��
<br /> , j" . . . . . �� � � �
<br /> Notary Public
<br /> Mycommission expires on the 29th day ot September . 19Z�L. M�50
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