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79 UEs17l~y EXPANDABLE MOR'T'GAGE
<br />~t ASSIGNMENT OF RENTS Loan No. 47420-7
<br />KNOW A1L MEN BY THESE PRESENTS: That Cathyrn A. Kota, a single person
<br />(hereinafter called the Mortgagors) in consideration of the sum of
<br />NINETEEN THOUSAND AND NO/100-------------------------------------Dollars (S 19 000.00 )
<br />loaned to Mortgagors, do hereby grant, bargain, sell and convey unto COMMERCIAL FEDERAL SAVINGS AND LORN ASSOCIATION cf Omaha,
<br />Nebraska, (hereinafter felted "Commercial"), its successors and ass!gns, the following descnbed real estate, situated in the County oi,
<br />HALL Stafe of Nebraska, to-wit:
<br />Lot Twenty (203 in Wolfe's Subdivision, in the City of Grand Island, Hall County,
<br />Nebraska;
<br />TO HAVE AND TO HGLD THE SAME. with the appurtenances thereunto belonging. unto Commercial, its successors and assigns, forever.
<br />Said Mortgagors hereby covenant with said Commercial, its successors and assigns, that Mortgagors are lawfu!!y seized of said premises, that
<br />they are free Fom encumbrances. and that they will forever warrant and defend the title td said premises against the lawful claims of all persons
<br />whomsoever.
<br />Provided. nev~erthaless, these presents are upon tho following contlibons:
<br />That whereas the said hk:rtgagors as members of Commercial have this date executed a Hate evidendng such loan and agreeing to repay said
<br />sum of money, mth interest, in payments as set forth in said note and have agreed to abide try the terms of said note and Charter and Bytaws of
<br />Commercial.
<br />That whereas this mortgage shall secure any additional advances. with roterest. which ray, at the option of Cemmercia!. be made by Com-
<br />merciat is the undersigned Mortgagors or their successors in tif!e for any purpose, at any time before the release and cancellation of this mortgage,
<br />but PROVIDED. HOWEVER. ai no time shall the aggregate principal amount secured by this mortgage, being the amount due at any hme on said
<br />dtigrnaf Holz and any additional advances made. exceed an amount equal to 110 percent of the amount of the original nose, thrt in no event shall
<br />said Hate exceed the maximum amo~:nt permitted by Eaw. and PROVIDED, HOWEVER, that nothing herein coniarneC shalt be tansidered as limiting
<br />the amount that stet! be secured hereby when advanced to protect the seturity or in accordance wilt, covenants contained in the mortgage.
<br />Now. if the sa+d hbrtga~rs shalt ~y or tease ?a ce paid the said su^s cf money when due, as set forth in said note. and any other note for
<br />attdrirmai advances made unfit said debt iS fuify paid wia"t interest, rnMl ?hose ptegenis shah be void: i~inerKisz. i:a be and remain in Sufi fette ana'
<br />effect: Ott if default should be made:
<br />ra? In any of the payments due on said rsote. and any other note for addrt~cnat advances made. as therein agreed tc be made for three months, or
<br />b? to keeping the improvements an said premises insured against lass by reason of fire, I!ghfiing. and other hazards included in extended
<br />ca>,erage insurance in ar: a,F:cunt not less than the unpaid batance of said mortgage !own, in a ta:.pany ar companies acceptable to Can-
<br />merciat, the original of such ~iicy ar pottties to 4e he!d dy Commeroa!, and with a mortgage cfaese aDached iL said policy or policies,
<br />in taw; of Con+merciat; Dr
<br />c? th the paymartof lazes and assessments touted upon said prrnises, or do this mortgage. before they are delirque~nt: ar
<br />rdt 3t then is arty cttange in the o«rarsh~p of $tc rat estate -urtycged heroin. Dy sa+<. e„"er auir+ght a. by land canitact, or a1r ass+gnment of
<br />env interest thereon or otherwise:
<br />thee, m airy of ttte shove set-forth events, the whole mdeDtedness hereby secured shall. at the coban of Commerc+a!. i:nmediatety became due and
<br />payable wtthaut fi;rther notice, and the amount dire under said nDte and airy other note far add!t~enat aAvantes made snot!. from the date cf the exercise
<br />a# said apti~r_ bear interest at ftte mazimum. !ego; ;ate per annum. and this mortgage !*ay then be foreclosed to satisfy the amount due un said note, and
<br />arty elites Hate fur additional advances; together with al! sums paid !ty Cetnmercia! for insurance. Lazes, assessments and abstract extenswn charges,
<br />with interest thereon #ram the date df payment a: the maxtmur: legal rate.
<br />PROVIDED that in ra event. either before ar after default, shat! tt+e interest due under sa+d note and th+s marfgage and any Dther note for ad-
<br />dlbanaf advances anode exceed the rxaxtmum ;awful interest rate.
<br />PRDVtDED. turffier, that in the event that default atc~rs in the ~aking of the payments due an said n'>. and on any other Hole !r additional
<br />advance=_. as therein agreed is be made. or in keeping +he p-remises insured, as above urnvid~ cr : defauti ~ made in the payment of fie fazes
<br />x assessment levied upon the premises a~ve desuihed r upon this mortgage. befo?a Lttev are ~ law de.nqueni CD~-+Teraat shat! be entltletl
<br />to the i;Amediate passessimt Df tha prar.ises a6eve-destr.hed. to~tiner with a': rents. proceeds and Issues ar,s~n; out of the pre>nlses. and may
<br />sn rG d7siret!on use dte tents so far as rt deems necessary fat the ~rrpase of :.ak;ng?e;eir ;:pan the preen:g=: ;nd far the payrnen! cf tnsurance
<br />prets;t.~us, farces attd assesstents upat sudr er~ises, and 'tor nt~essan expenses :ntured in renting tai, premises ?mod collect+ng rent therefrom, a;ad
<br />u app?y s~ rr; said Hate aM airy notes ev+de;tt:ng future advances here;:nder ;: 'the rndeDte~:ess secured .s tut!y paid: and for sect; putpVses.
<br />lice amdetsi~d does ftere~ soil, assign, set aver antt transfer onto C,~::tnercia! a!I of said rents. proceeds anrd ~^cores secluding any 6artd carttrati
<br />payments due taargage owners Dr ~:y ^_Sltter inter, es df any ly„m wftatsxver tier.. sa+d ptoxrty to De applied on L*e notes above deer+bea; but said
<br />C;bnmercia!shaif in n0 age be stable fDr ~ tail6te >Li pioture tenantg. td Coiiep ?ei'iig, ar to RrdgeNL£ aCt!anS L^, recavet paSSPSSran pf geld prem7ses,
<br />The i~irtgagcrs further appDint C~amerc~ai of Dmaha. Nebraska, ±he~r attamey sn fart. g=v,ng said attorney mower ~rewcaDiy. eiNEt ors its own
<br />name ar Yartgagars' ttames to iak=_ a!I netessa=y steps ion prxeed~ngs ;n Court ar Ditterwise. td cause said premises to be vacated, tt reelect contact
<br />ar etiter incomes tie, arrd wftatr vacant. to reset the sane to matte ai! reasonable reeairs and pay lazes out ai toad rents, profits. contract payments or
<br />itttomCS and to do a!i soot lh,ngs .either by its own ;Mite€s at L3 other part.es duty aamotized and appointed by ~t. as +ts agent tar talc pu;pase, and
<br />is taarge ar pay a reasortabie flit fa xseh ecru>ces ail cf the atr_w to br. done at such timeg and ~n such tanner and n wth terms as to tftpir sa,d
<br />aitomey may sewn best. wide hit pewit of sui;st±4. ti a^,.
<br />TT+e 1~rlgagras hereby agree brat ~f Cammertiai 8ilhe" va :xitar,iy of ~nvc?untanty ryecases or ~s made a patty iD any suitor proteedsng reiahng
<br />to tit? feTeiax~e d~sttr~ tea: ~M~. - .< Ln s nr-:rtgrge .v s?sd r ~ a: n.,ic*s, o*er *an a ;reclasur ngn W t?d try Gt;;,^erc:;!. "~.::rtgagors wit!
<br />tratmDttasr= Crnmtertfat for ail season;ble tasts~rntu?ten by Cammerciat in sa{d suss ar prdteeii~ng-7he A4ortgagers irth~2r ay e? that .f d:c here:nbefore
<br />deStrtt?E!t seat ~*ate Dt atry yet-: ttte-eaf ~ tGrrtS~R'S~~i tdlde? the' power Df e°'!sn~l dd?',a~n. ~=r !g Ot eSwISP alga+r'-^ I6? 3 puDl:[ ;SQ. k'£ ua~'ag25
<br />arcarded. the <ROteeds far fire f3ksn5 ~ v far lire tartstlktat;on toe suits atquigriidn to the extent of me soil a-~aunf of the :errainsng uneaad mdebted-
<br />nP55 SetU-R"~ ~ ts~'fi5 rR~ttokt~, bE. 3nt ~y hereby ale. agg!gne:i to Cammercta! and Sha!•. rte pa!d 7ard!w!L'! ,d C.omn:ect~ai tC bf applied ur 3tta6nl of
<br />tim asst mabrrtag +ttstalimtF]s ;,f sod: Irtdebit~ss.
<br />I7atrd fibs y'~ 7 •'..J~ day of lLaa~ch :91'x_ . r
<br />W ~ , kCE DFt l jr~, ,~ ._ _ t r
<br />3 ~ ------
<br />~~ --'r~~~~n-f1 Cathyrn'A. Kota
<br />STATE OFtff'~?A~[A
<br />tt'~fTY Of kiAI.I. ss
<br />flit t#rs ~ day of _ March 19 ~ .before ore, a notary public ~n and far said CDUntY. persona!!y came
<br />Cathyra A, ltuta, a stogie person
<br />~ se rteft iridpn th fie the itiar5caf pastat ar perstats whose nazne is >x names are alfrzed Lo die aDave mortgage as grcntor o' granite anc they. he
<br />sr sfre. st;vetatty at#nwrtedge ~ said instrumdtt acrd ilte ezecu#ion thereof, tD De their wluntary act and deed.
<br />YfiTNE~ r°Y hand and Notarial Seal ft+rs t#ay and year last above wri ~ ~ °} "~ 1 '
<br />-ah t~tmissirat expires rut Ehe ~ 7 day of 'x- 19 ~~ 'p 30
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