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79- ~J(j$4~~j EXPANDABLE MORTGAGE 821383-3
<br />ASSIGNMENT OF RENTS Loan Na.
<br />!(NOW ALL MEN BY THESE PRESENTS: That Steven R. Rose and Cloette S. Rose, Husband and Wife,
<br />(tte einafter called the Mortgagors) in consid ti f thlt sum of
<br />Twenty-nine Thousand Two Hundred Fifty and No/IGtS-----------------Dollars ($Z~,~a.0e0 ;
<br />loaned to Mortgagors, do hereb-y~ grant, bargain, sell and convey unto COMMERCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION of Dmaha,
<br />Nebraska, (hereinafter called "Commercial"), its successors and assigns, the following described real estate, situated in the County of,
<br />Ha11 State of Nebraska, to-wit:
<br />Lot Fight (8) in Block Thirty-eight (38) in Russel Wheeler's Addition to the City of
<br />Grand Island, Ha11 County, Nebraska;
<br />TO HAVE AND TO HOLD THE SAME. with the appurtenances thereunto belonging. unto Commercial. Its successors antl assigns, forever.
<br />Said h?ertgagors hereby covenant with said Commercial, Its successors and asslgos, that 6".artgagors are Iar.~fu!ly seized of said premises. L~at
<br />they are free from encumbrances. and that they will forever warrant and de'end the title to said premises against the lawful claims of all persons
<br />whomsoever.
<br />Provided, nevertheless, these presents are upon the following cpntl!tions:
<br />That wherezs the said AtOrtgagors as members of Cpmmercla! have this date executed a note ewdencmg such lean antl agreeing to repay satd
<br />sum of money. with interest, in payments as set Earth in said r,ete and have agreed to abide by the terms of said note antl Charier and By-Laws of
<br />Commercial.
<br />That wheteas this mortgage shall s?cure any atlGltional advances. with !merest. wh!ch may, at the option pf Commercial. be made 6y Com-
<br />mercial to the undersigned tdorigagors or their successors m title for any purpose at any hme b?fore the release and cancellation of this mortgage,
<br />but PROVIDED. HOWEVER, at no time shall the aggregate pnnclpal amount secured by Lils mortgage. being the amount Gue at any t!me on said
<br />original note and any additlpnal advances made. exceed an amount ?qua! to 1 iv cercent of the antpunt of the original note, but .n ne event shall
<br />said note exceed the maximum amount perm)#ted by law, and PROVIDED, HOWEVER. L7af ncNmg herein contained shall be considered as iimiting
<br />the amount that shall x secured h?;eby when atlranc?d to prted the secun:}• or In accordance with covenants contained in the mortgage.
<br />Now, if the said Mortgagors shat; pay ar cause to tae gold Lhe sold su^s :! -cneu when due. as set forth ~n sa:d note, and any other note fpr
<br />additlonai advances made until said debt is fuI?y paid with interest. Then these mesgnts shall be void: otherxlse, to be antl remain In lull force and
<br />effect; lwt if default should Lv2 made:
<br />lal In any of Lie payments due on said npte, and anv other nc~t2 far ?dd!t•ona! ad vane?s made, as therein agreed to b? made for three r:onths. dr
<br />ibt to keeping the improvements nn said premises insured ago nst less ~. reason of fire. hghhing, and ether hazards inciudetl m extended
<br />coverage !nsurance m an a^eunt net less that, the unpaid balance of said mpagaae ipan m a company pr companies atteptabi? to Com-
<br />mercial. l`„g anginal pf sack policy er pehcies ip be herd w t,om-eraa'. and w!th a mortgage clause attached to said pp11Cy or pnhcres.
<br />in favor of Com^;grclai: pr
<br />le the paymem of tares and assessments !evrec open szic rrec;ses. o. en ilia mortgage. bet-are they are delinquent. o.
<br />rtll if ~e?e !s ary change m the ownersvp ei the real estate -rlgaged herein. by sale. either ppi;ieht e: by !and cenhact. -ar by ass+gnment of
<br />aav .nteres"t thereon pr pth?nvls?:
<br />tier, m any pf She above set-forth evc,'tts_ ine whose lnpebtgdr,ess ^ere;n• secured shall. at the option o`: Ccmmercia!, l,n.m;?mateiv becere due and
<br />payable wl~a,,t furGier not;ce. and the amount due ;;odor said not? and any ocher note for add;hcna+ advances made shall. fro. the cote of rhg exercise
<br />of said option. b?ar Interest at the max mum ?egal rate per znnum. and ibis mortgage may then b? for2clased L satisfy *.he amount ue on said note. and
<br />asy drier nett for addibenal advances, t~^_g?m?r w!th asl sums paid by Cemm?total for insurance. taws. assass^lenfs and abst;att ext°~ns+on charges,
<br />with !nt2rest flier?a. from the date of payment at the maximum legal late.
<br />PROVIDED :hat !o no ever, t. ether Mare or eft2t detaulL shall the mleresi due ;;.de' save note and ihs mortgage and any other note for ad-
<br />d!t!ona' advances -a;>e exceed t}tg max!ru^, rawful ,merest sate.
<br />PROVIDED. Earth?r L`a:!n [n? event that d?toss+t x ors In he !nak!ng of the payments - . -. -- - .. on an} ether note for add!ba?a;
<br />a~ivaslces. as to=;?!n ogre?d *,o b? mad?. c. n n??p! ;g tit? prom sea Insured. as above p-ov:eetl -o- `f ^=fa;:if ro i-.. n the paym?nt ai the fazes
<br />pr assessm~ is ier;ed ~„cn *h? pre-lses a~e~ ursCriYo _. ~ tti's m:-t;ase. t>rt„g ;het _ , !a'r; ^. nyJe-, i,,,.-me:pal sha!f be entl[letl
<br />f^ i~rg -mTed at? RpSS255 Jn Cfi 21? ~'?:"!5?S 2r',C s2-p?SCr: pro. ;,g?the' wl';7 a" ;2n.S. ~r~.Cg?:,G Z.r Ic_::Pj ar~5"'= ?:it ~{ ~;? a. ei^15°$. anv T..ay
<br />1^ rtS dl$c`eilar L'Se in2 [2:!t5 SC 'a' a5 It de?'IS ncCeSSarY 1C' '-'te pLrpi,Se _: ^-a'-.1 ,p ~_pa l!S - :; Ch_ ~-iE. JSfS am rDr Lhe _.aymr':tl it nSil2nC?
<br />prgn'!!1:^5 ;7X2S and 3SS SS-.'er:tS CpCn SJLn P;em-SeS a'td tp- n2~gSSa'y ?ip2n52S Incv ?a ~'. ;got?5 ~-1 n,er cap ant _i:. f ir,erwrr~^ ~?d
<br />t.: .ply ~ .. _ ._. _ .p ^at= a..,. a-nv ,.,,t:,s 2v.d~..-.g . ,.. .:a.._„s ^. e~.,,.de. ,. .,ce,;'._.~ _s~ x..,.. ,a-d. ,.1 v ._r s~.h Purposes.
<br />r^e uneetsrgn ^ d?_s hereby ca i. ass ~!_ set _vg _nd -r_rsf?s W?t~ Coy, a ~._: a.~ , sa ~ a^,s , ,~a.es = .. n ~:.=5 lntivd~ng any IanG cpn,ract
<br />payments d.g mp;tgas owners cr any :_tn2' ~ncom?s _~f any type w•hatsazv?r tram sal...:,.perty t be ...;.:ge ,~: *z notes at~re descslbgd but said
<br />Camne!aarsha : ~r, no Lase be iiab:e inr the folio ? , o"urg tenants. to c;,~kct rents , t~ , s?~„t, zit-ens ecover possession of Bald premis?s.
<br />Fn? tlortga~rs forth?r apppini Comr2rna; of Omaha, Neprasra. their aitome} In +act gl>rng Sate attorney [ae?- r;?wrcab+v either an +ts a>nn
<br />name cr Nk;.ne,a~rs' aarz; to taK? ar. r.eoessan stags for ;;st?2a~r:gs ;n court : atnera~se t_ .apse sa~tl p;~~hses tc be ~.acat?~ co:iec'. =a,~ls
<br />_ athP; ,aCD;n?s due. and when vaunt to rent the same to maze all reasL~nab~~g regalia and paq tax?s ~a_, r sae !grts ;;zflts cr!Iteci pay'-'Ris ar
<br />.n n.?= ar :c oo a_~ suph ;r;ngs 2!Lh?r by Is own rf,C=rs o by otter pa-t!es Quit a.:~~,1_.c ..^a ,,..,'~. .-_ -^, '.: 3s '.s ~gen; r.' sa:a ;u~.ose. and
<br />~'t8'g2 3 ;.ay 3 t2aSOCab~? ?e°. rpt S~C'I Sgr V:.,g~. a': J': bi_ abGNg tp ~° don? at S_ h .''-;?S 37;_ ~__. a . _ a-C .-,^ S~c7 .-. 'S aS tC ti2cr Sd+?
<br />attorn?y rcay seer D?st. wltn f;,r,' ppwe: ,,^f subst.'~rar.
<br />?w ~ s ~' ?-rc- as.OE ilia .. _: 3 .*rer !' .~ t ~ a' '-, ,1 'r .. 5 _ ~ rs,^. 1. -.gg~ ~S •221n P,
<br />:-. ~? h_ e.rbe-o:. ~esc. ".rx~d ;2,: ?sate „ ?' s ~. t~
<br />"ax sa.d - e ~ '! 5 ._'1 ^y ';1 b.rS n:.:;
<br />- S .. C - J1J I~:C i M' _~~. Sa S F,', ~..r ag? t ? '..t?f ''2
<br />d~'SC..p?C r°3 - tar n~. Lai' i'` a_f -r2 ~_ne_ r__ J'td :. .:..N? . 2 ."' ~_. ~ - p..
<br />3watdgd. L*? prC'_?edi ta' :n? ,,,x ng 3nd 'pi $+e '_p'! ';i9'ar.,, iC S[ . aLq.. .. ? _ ._ . _ _ _ ..- _ _ - 5.S
<br />Y ~r ~ ~ 2 1?d-
<br />'t°SS S?C4r2L ~f ~'iS ':^gage. ~ a.l„ i'tey r; 2?y are aSS!gl_'~, -C :i ^.C'gr_ e. ,~ C 5;!a titg ,... _ x:. ... ~ _ ._ w -,~
<br />LR? lai - i3 5._`IC' rS b` 5:: ~! ~'! 2 ~?eSS_ - .- ___ _-.. _
<br />Dad tnas day c Juae _,g 79 _ _,
<br />tN THE R ESENCE Of:
<br />
<br />Sftfe~ven R. Rose
<br />-is--~r.~'---fi~ _~ '-Y-~'_- -
<br />Cloette S. Rose
<br />SLATE Dr= HEBRAS}(A
<br />CC3i3Ni`Y DF HALL ~ ----__-----___-__._._...
<br />D° this ~~ day of June T~_ . t57~_ , b?fore roe, a notary public ;n and for sa;d County, personally came
<br />the above-rt~±ed
<br />Steven R. Rose and Cloette S. Rose, Husband and Rife,
<br />b ~ well Imve'rr td be ore r4Entical #rer5pn or persons whps2 name is er nomes are affixed to the above mortgage as granta! or gral;:r,rs ana they. he
<br />dt she, ~vve=aHy acknpwiedge the said instrumanf aria the execu5on thereof, to be their voluntary act and deed.
<br />iyfTkESS Ty hand and Rloarial Sea! itis doy and year last oho wr'd'L ~"`~•~da~b'. /J ~~ /
<br />OLD D, WEDBffiG / ~~{/ G.L/,~j/
<br />/.Comm. f3~.0a- r~. ra7lQ~~-- -Notary Punilc
<br />Myrommiss!on?xplresonth2 f/ ---..-day of-,paL~°r-V~tB•~le-- t4~~ M'~0
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