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79- UC~3424
<br />EXPANDABLE MORTGAGE 49418-0
<br />ASSIGNMENT OF RENTS Loar. No.
<br />KNOW ALL MEN 8Y THESE PRESENTS: Thai Kenneth R. Spiehs and Barbara J. Spiehs, Husband and iiife,
<br />thereinafter calisd the h~ortgagors) in consideration of the sum of
<br />Thirty-six Thousand Seven Hundred and No/100----------------------pollars(536 ,700.00 }
<br />loaned to Mortgagors, do herebyy grant, bargain, sell and convey unto COMMERCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION of Omaha,
<br />Nebraska: {hereinafter called "Commercral"), its successors and assrgns, the following described real estate. situated in the County of,
<br />Ha11 Stato of riehraska. to-wit:
<br />tot Thirty (30) in Sass Second Subdivision located in Section Fourteen (14), Township
<br />Elevea (11) North, Range Nine (9) West of the 6th P.H., in Hall County, Nebraska,
<br />according to the recorded plat thereof.
<br />TO HAVE AND TO HOLD THE SAME.. with the appurtenances ihereunta t>zlongin;, unto Comm?rr~al. its successors and assigns, forever.
<br />Said fdcrtgagcrs hereby covenant win, said C,ommeru_==!. its successors anal ass!gns, that M1".ortgagors are lawfully seized of said premises, that
<br />they are free #rum encumbrances, and fix? they writ fxever warrant and defend the title to said premises against the lawful claims of al! persons
<br />whomsoever.
<br />Provided, nevertheless. these presents are upon the fu!icwiag canditrons:
<br />Thai whereas tt:2 said Mortgagars as members of CammerL+.al have this date executed a note 2videnLing such !oar: and agreeing to repay said
<br />sum of money. with interest, in payments as set forth .r, said note and have agreed ?o abide by the t2rn~s L' said note antl Charter and By-Laws of
<br />Commercial.
<br />That whereas this mortgage shat! secure any aadr?ia,a! advances, with interest which gray. at roe aptiun of CucTercial, be made by Cum-
<br />rerciaf to the undersigned Rtnrtgagers ar thew successors ;n t!tte for any purpas2. ai any t!me beto:2 the r?:ease and cancellation of this mortgage.
<br />~;t PROVIDED. HOWEVER. at ne time shat! dIe aggregate prnnda! amount secure, Dr tlus morisaag2. being the ameun[ due aE any time un sard
<br />L~igirzl Hie and any addiLOnz! advances mate, exceed an ?^a:nt 2Guai :- '?S ^'rL2n! of ±he a,:.ount of tha or!g.na1 note. taut in rd event shall
<br />rata not? ?XCeed Gi? maxnma~m amount perm!tted '-'y raw- and PROb'lOE0. HOWEVER ifiat naL~ing herein contained sha!I be considered as limiting
<br />ttre ar;uunt that shall be secured hereby when adtand2<7 to prn12L2 the s2LC,~ty or m accordance with Covenants contained m the mortgage.
<br />No»_ if the laic txa,'ica~rs shawl par cr cause to t>z „a!,d Me said suds of ; they wh?n due, as set forts !n said Hate. and any othe[ note fur
<br />a'kib~'>ai aa,ances r..ade until said debt ~s fully pa;d will interest. Hen these presents shall be vciu`: uth2rh~ise, to be and remain in full torte and
<br />ef'ect ^.>ttt rf defani; ahoultl be madz:
<br />a= !n any a tn? payments due ~i sard nsie, and any nLh2r note fir atlort!Cnal advances made, as Herein agreed fa he made far three months. or
<br />;h; In keeping t?e ir:pro~"ame^ts on said prem;ses ~nsured ae3,^st i•ass by ~easan cf i„e- +;fitn!ng. and erher hazards incluoetl in eXl~ded
<br />carera~ ,ns>;rae=_e !n an a;^ns:nt Hat less than the unpa!e h:!a,`:ce a? sa!a r-.Cart~g? id3n- in a dempany ur cam.pames acdepiable tc Cam-
<br />., Lai, Me dnamai Lt sac,`, p !CV or p;loci?s t7 x he,a ` vomm.eri~a', and w~€h z mortgage clause attached ?d said ^a!idy or ;~alicies.
<br />rn ta;vr of CammerLial: a.
<br />,. +n dIe payment of razes and ass2ssm?,,nts i2vred up„r sa!d ; -,ses. o en ?~s -^crtra;e.+zrer= they are cef!nGuent or
<br />?t `here is any *_hange m the uwn2rsh:p ct the r2ai 2s'ate -_atgaged ;:?r?sp trr sale ?:they a.asi~: or by !and r nlraLt. or by assigr:ment of
<br />any :nter2;t dr2reun ur a'~?rw,s?;
<br />*~zi . <-; any et the aM;v2 set-torvi events ? x'7uie !ndebt2,'.ne>s neretry secured sha::, a? t^? cnL~:n . C,^mm2r. a' m!r2d at2iy beLOn2 due and
<br />payable n;th=o_r turner not;ce, and tlIe amount"a_:e :,nez: sa:"u wale and any ;,the' note *ur add~t Ana! _...znces "adr sh..:i. `. t^e date 71 the eXmt,se
<br />pi said a;tiun. Dear ;r,iereSt at sie max;mun =.ega1 rate ;xr asnusr~. ant: tits mortgage may h;zrr tx; 'c?L~ps:'o h sattstp ,!? ac punt due ai said note, and
<br />any u"Ier ~rQ for addhanai advanc?s. togetr?r w°!In a:! saga pa!G by Commerua± ter !r!scianC2 tares- ass?ss,~:2nts and abstr-aci eXtensien charges.
<br />wrth interest flier?an fram ;ate date of ~yment at ne mex~'.r;:dm !2ga'. •a;e
<br />PROVIDED ti:at !n as event. a!m?; be'or2 :r at'2~ a?'ast. s':a', the !ntz est sue ~ntl2r >a.--~ a:,te and :., - . ;gage and any uae; Here for ~-
<br />d!hmlar adva.,ces r>ad2 exceed L,? ^.cx,rnu^ 'awful me:?si rate
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<br />past ..,.... _ :rrs ...,?;-;~ ;t sum :sdeb€edr:2ss.
<br />Oat t^,y-`-[ 1z5T ~ of June ._ _?9
<br />tN TH: ~REyENCE GF: ~ ~jf,~ - J~ `-''~`~ ~ ~` -",, ---
<br />.ff,~ Kenneth R. Spiehs
<br />_ r ~.
<br />Barbara J• Spied
<br />STATE OF klE3RASKA
<br />ss.
<br />u~tittTi itF WILL _________-.._-__ _
<br />{M his /51r ~ of __y,;,,a _~ , i5 ~9 before ine. a no'ary pubiir. ,nand for sa;o County, p?rsonaiiy came
<br />ills ~vt-aaveed
<br />Kanaeth R. Spiehs and Barbara J. Spiehs, Husband and kTife,
<br />~@t me melt Brawn to be the identical person or {ret'srms whose rams is ur names are arfix?d to tike ahoy? mortgage as grantor or grantors aria they. he
<br />ar Stia, severalty acknowledge the card inst;urneut acrd the execufion ;fi?rent, to be their v,!untary act and deed.
<br />0l~ge.~r /!` /~ A
<br />tTNEI~i i'dtis day and year fast abave wnttea. ~'/ ~
<br />MM Crrw. 6q, M. X ~1 `"~~~J'.s?'~ i'tls ,,r'-c,.~i-~r.Q.,
<br />c~ s~ /,{ Nraarr "~5r!
<br />My cc~nmiss:un expires wI dI? -~~ day at _~~~11.5~__-- i4 _/L . ";± 5,,
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