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f K~NCI`R~ALL lA~~EN w3'y THEaE PR~ESIE#PT,vs~:'ft ~D~vid E, IINu~,ndit ~~1u~d L,yr~snellw. r' IPtund , Hiaasdoand aaor7 wrifa f h~ a:~tae, arm :z ;Ko^5a~.,r.r ;n cans;desaLan :~€ rte. s.m of Thirty-Five Thousand Nine Hundred and Nt3/100--'-----------------uaiasstS-_35 900.0 -- ) loaned to Morr.$agors. do her~j grant, bargain. se€t and cerrvey ussto CO#lgtEl?CtAL FEucP,AL SA`yt€iGS AND LEAN ASSOCi~TiON of ~maaa. Nebraska. (hereinafter called "Cammernai"), its successors and assigns. the foliwwrng described real estate, situated rn the County o#, Hall State c€ Nebraska, to-wit: Lot_Fourteen (34} in Hawthorne Place, an Addition to the City of &rand Island, Ha22 County, Hebrastca TO HAVE AND TO HDLD THE SAPAE, with the appurtarznces thereunto tk!o^ging. ;m t C~nmercia!. ;ts succes<ors and assigns, forerer. Said Mortgagors hereby covenant with said Commercial. its successors znG assigns. that P1;rtgagors are iawfulry seized of sort premises, that they are free from encumbrances, and that they will forever warrant and defenG the title to sat, premases against the lawiui claims of a!i persons whomsoever. Provided, nevertheless, these presents are u~en the fallowing cond~huns: That whereas the said Mortgagors as memhess of Commercial have this date executed a rote evidencing such loan and agreeing to repay said sum of money, with interest, in payments as set tenth in said note and have agreed to abide ty the terms of said not? and Charter and By-Laws of Commercial. That whereas this mortgage shat) secure any atldrtirmai advances, xith interest, which may. ai the option of Commercial, be made by Com- mercial to the undersigned Mortgigms or Their successors in bite for any purpose. at any time before the release and cancellation of this mor#gage, but PROVIDED. HOWEVER, at no fine shalt the aggregate prncipal amcunt secured try this mortgage. being the amount due at any time on said original note and any additional advances made, exceed an amount equal to IID percent of the amount of the original note, but in no event shall said note exceed the maximum amount permitted by law, and PROVIDED. HOWEVER, that nothing herein contained shall 6e considered as limiting the anrount that shall be secured hereby when advanced to protect the security or m accordance with covenants contained in the mortgage. Now, if the said Mortgagors shat! pay or cause to be paid the said sums of money when due, as set forth in said note, and any other note for additional advances made until said debt is fully paid with interest, then these presents shall be void: otherwise. to be and remain in full force and effect; but if default should be made: (a) In any of the payments due on said note, and any other note far additonai advances made, as merein agreed to tae made for three months, or ?bi In keeping the improvements on said premises insured against loss by reason of fire, ligfrtning, and other hazards included in extended coverage insurance in an amount not less than the unpaid balance of said mortgage loan, in a company ar companies acceptable to Com- mercial. the original of such policy or policies to be held b/ Commercial, and with a mortgage clause attached to said policy or policies, in favor of Commercial; or (cj In the payment of taxes and assessments levied upon said premises, or on this mortgage, before they are delinquent; or (d) if there is any change in the ownership of the real estate mortgaged herein, by sale, either outright or try land contract, or try assignment of any interest thereon or otherwise; - then, in any of the above set-forth events, the whole indebtedness hereby secured shat!, at the option. of Commercial, immediately become due and payable without further notice, and the amount due under said note and any other note for additional advances made shall, from the date of the exercise of said option, bear interest at the maximum legal rate per annum, and this mortgage may then he foreclosed to satisfy the amount due on said note, and any other note for additional advances, together with aH sums paid by Commercial for insurance, taxes, assessments and abstract extension charges, with interest thereon from the date of payment at the maximum legal rate. PROVIDED that in no event, either before or after default, shall the interest due under said note and this mortgage and any other note for ad- dkional advances made exceed the maximum lawful interest rate. PROVIDED, further, that in the event that default occurs in the making cf the payments due on said note, and on env other note ar additional advances, as therein agreed to be made, or in keeping the premises insured, as above provided, ar iF default b2 made in the payment of the taxes or assessments levied upon the premises above described or upon this mortgage, before they are by law delinquent, Gommercia( shalt be enhtted to the immediate possession of the premises above-described, together with all rents; proceeds and issues arising cut of the premises, and .may in its discretion use the rents so far as it deems necessary for the purpose of making repairs upon the premises and for the payment of insurance premiums, taxes and assessments upon such premises, and for necessary expenses incurred in renting said promises and wflecting rent therefrom, and to apply same on said note and any notes evidencing future advances hereunder until the indebtedness secu€ed is fully paid: and for such purposes, the undersigned does hereby sell, assign, set over and transfer unto Commercial alt of said rents, proceeds and incomes including any tend contract payment -due martgag2 owners or any other incomes of any type whatsoever from said property to be applied an the notes above-described; brit said Canmercial shall in no case be liable for the failure to procure tenants, to collect rents. or to prosecute actions to recover possession of said premises. The Mortgagors Further appoint Commercial of Omaha, Nebraska, their attorney in fact, giving said attorney power irrevocahty, either on its awn name or Mortgagors' names to take aH necessary steps for proceedings in court or otherwise, to cause said premises to be vacated, to collect rentals or other incomes due, and when vacant, to relet the same, to make all reasonable repairs and pay taxes out of said rents, profits, contract payments or incomes and to do all such things either by its own officers or bJ other parties duly authorized and appointed 6y it. as its agent for said purpose, and 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 attorney may seem best, with full power of substitution- The Mortgagors hereby agree that if Commercial either voluntarily or involuntarily becomes or is made a party to any suitor proceeding relating to the hereinbefore described real estate, or to this mortgage or said note or rotes, other than a foreclosure instituted hY Commercial, Mortgagors will reimburse Commercial for all reasonable casts incurred by Commercial in said suitor proceeding. The Mortgagors further agree that if the hereinbefore described real estate or any part thereof be condemned under the power of eminent domain, or is otherwise acquired for a public use, the damages awarded, the proceeds for the taking, and for the consideration for such acquisition to the extent of the full amount of the remaining unpaid inde~ted- ness secured by this mortgage, be, and hhey hereby are, assigned to Commercial and shall be paid forthwith to Commercial to be applied on account of the last mahrring instat_ -Impnts of such indebtedness Dated this :30 ~K day of , 19 ~. IN THE PRESENCE OF: (~ ~ ~ t~, - STATE OF NEDRASKA ~.~ ,.~=yam David E. Mundt 4'~ G.r_~-~~ ~t ?7~-fi'r' L elle K, Mundt COtfNTY OF Hall ss. the above named 38 ~ day of ~~_ , 19 ~ before me, a notary public in and (or said County, personally came David E, Mundt and Lynnelle K. Mundt, husband and wife to me welt known to be the identical person ar persons whose name is or names are affixed to the above mortgage as granter or grantors and they. he or she, severally acknowledge the said instmment and the exec onr l~bliddhe~lyA~yract and deed. AgNOlD D. WED6£RG WITNESS my hand and Notarial Sect this day and year tact a ~e4w"w- ExR ~ »• r f - ~- / r ,~,t P... My commission expires on the ~ ~ day of AC..CeT•,e-e. _ , 19 ~ NNN t; ,0