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79--~U345~ ExPAl°.TDAFiLE MORTGAGE 49422-9
<br />ASSIGNMENT OF RENTS Loar, No. ___________
<br />KNOW ALL MEN BY THESE PRESENTS: That Michael R. Gloor and Janet C. Gloor, husband and c7ife
<br />(hereinafter called the Mortgagors) in consideration of the sum of
<br />Twenty-Five Thousand Nine Hundred and NOf100--------------------- pollens{g--25,900.00--}
<br />loaned to Mortgagors, do hereby grant, bargain, sell and convey unto COMMERCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION of Omaha.
<br />Nebraska, (hereinafter tatted "Commercial"), its successcrs and assigns. the following described real estate, situated in the County of,
<br />Hall State of Nebraska, to-wit:
<br />Lot Twenty-Seven (27) Capital Heights Seventh Subdivision,
<br />Hall County, NEbrasf:a
<br />TO HAVE AND TO HOLD THE SAME, with the appurtenances thereunto belpnging, un(o Commercial. its successors and assigns, forever.
<br />Said Mortgagors hereby covenant with solo Commercial. its successcrs znd assigns. that Mortgagors are lawfully seized of said premises, that
<br />they are free from epcumtrrances, and thzt they vial forever ,varranf and defend the title to said premises against the lawful claims pf all persons
<br />whomsoever.
<br />Provided, nevertheless, these presents are upon the following conditions:
<br />That whereas the said h!ortgagors as members of Commercial have this date executed a nele evidencing such loan and agreeing to repay said
<br />sum of money, with interest, m payments as set forth in said note and have ageed to abide by the terms of said note and Charter and By-Laws of
<br />Commercial.
<br />Tnat whereas this mortgage shalt secure any additional advances, with interest, which ioay. at the option of Commercial. be made by Cem
<br />menial to the undersigned Mortgagors or their successcrs in title for any purpose, at any time before the release and cancellation of this mortgage.
<br />~t PROVIDED, HOWEVER, at no time shall the aggregate pnncipal amount secured 6y this mortgage, being the amount due of any time on said
<br />original note and any additional advances made. exceed an ampuni equal tp ! ID percent of the amount cf the original note, but in no event shall
<br />said note exceed the maximum amount permitted by taw, and PROVIDED. HOWEVER, that nothing herein. contained shat! be considered as limiting
<br />the amount that shall be secured hereby when advanced to protect 'he security pr in accordance with covenants contained in the mortgage.
<br />Now, if the said Mortgagors shall pay or cause to he paid the said sums of money when due. as set forth in said note, and any other note for
<br />additional advances made until said debt is fully paid with interest. then these presents shall he vac: ntherwise, to be and remain. !n fu!! fence and
<br />effect; hilt if default should be made:
<br />tai In any of the payments due or, said note. and any ether note for adGitiona! advances made. as therein agreed to be made for three months. pr
<br />fb! In keeping the improvements on said orem,ises insured agau~si loss by reason of fire, lightning. and other hands included in extended
<br />coverage insurance in an amount not less Than the unpaid balance of said mortgage loan, m a company or companies acceptable to Com-
<br />mercial, the original of such policy or p-0iicies to be he'd by Commercial. and with a mortgage clause attached to said policy or policies.
<br />in favor of Commercial; or
<br />icl In the payment of taxes and assessments levied upon said premises, or on this mortgage. before they are delinquent: or
<br />.dl If there is any change in ?he ewners!;ip of the real estate mortgaged herein, by sale, either outright er by land contract pr by 25signment pf
<br />any interest thereon or otherwise:
<br />then. in arty of the above set-forth events, the whole indebtedness hereby secured shat!, at the option of Commeraal, immediately became due and
<br />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
<br />of said option, bear interest ai the maximum legal rate per annum. and this mortgage may then be foreclosed ! sobsry the ameant due on said note, and
<br />any other note for additional advances. together with alt sums paid by Commercial for insurance. taxes. assessments znd abstract extension charges,
<br />with interest thereon from the date pf payment at the .^aximum legal rate.
<br />PROVIDED that {n no event ether before cr after default, shall the interest doe under said note and this mortgage and any other note for ad-
<br />d,t:o,naiadvances made exceed the maximum lawful interest ratz.
<br />PRDViDED. further, that ir. the event that default occurs m the making pf fie payments due on said note. and on any other note for additional
<br />advances as therein agreed to be made. cr in keeping me premises insured, as above provided, er if default tre T e ~n the payment of the taxes
<br />er assessments towed upon the premises above described o: upon this ,mortgage, before they are by taw deimeuent~ Commercial shall be entitled
<br />.c the !mmediats possess;on of the premises above described. together with a!I rents. proceeds and ;sloes arising out of the premises, and may
<br />m ds 6rscre±ien use the rents so far as it deems necessary ter ?he purpose of making repairs open the premises and for the payment pf insurance
<br />prera,ums. taxes and assessments upon such premises. and for necessa°v expenses incurred :n renting said premises and collecting rant therefrom,, and
<br />to apply lam= o-~ said note and any notes evidencing future advances hreunder unbi i;`te indebtedness secured is fully paid: and for such purposes.
<br />the undersigned does hereby lei:, assign.. sat ever and transfer unto Cdnmerc;al at[ of said rents. prpreeds and ir,cpm.es including any land contract
<br />payments due mortgage owners ar any ether incomes pf any type whatsoever ?non: said prrperty to be applied cn the cotes above-described: but said
<br />Gann?razishaii .n np case be Gable ter the failure t; procure tenants. td coieci rents, or to prosecute actens to recover possession of said premises.
<br />The Mortgagors further aptraira Conmercizi pf Omaha. Nebraska. their atfprney ~n tact. giving said attorney power urevocabty, either on lis own
<br />n2nre or iWrtgagors' names to lake a;i necessary steps for pro:eedings .n tour; ar etherw:se to cause said pre^ises lr 3z vacated. fo collect rentals
<br />or other incomes due, and when vacant. tp relet the same to make al! reasonable ~epa~rs 2nd pay taxes out of sa,d rents. pref~ts, contract payments ar
<br />mumes ern, to do a!! such things either by i?s own pricers _. by ether parries duly aeGhorrzed and appointed 6y d. as its agent for said purpose, and
<br />to ;barge or pay a reasonable fee for such services. alt of ibe atr,ve t.:e done at such braes and .n sup;, : anner and pn Bach terms as io their said
<br />attorney may seer best, with full power of subsbtubpn.
<br />The t,#urtsagors hereby agree that rf erne! e n un a nv- ura. y ~ .;' ,r is made a [arty td any sent or prpceeding relating
<br />ip Lhe herembefpre described rest estate th~s ? s ,- s ~:-e : ~.- es. ,h[~ tr -., e ~[s-~re .ns- toted by C„r'merc al, Mortgagors will
<br />reimburse Crxt;merc;2i for alt reasonable c,sts i~_u^ep .n e,:.mer ~, . s~ d x; ? r r,vord ng. Tn- Me t,og~~s further agree that if the hereinbefore
<br />d'escri~d real estate m any pa•f Lhe;epf he condr:-i ed nde h, ,,owe .,r >nt oo*, .n. s cthe w se a qu~rud'a a public use. Lye da:^.ages
<br />awarded, the proceeds for the 3aking and ter the com.,,e a.. v,- -c ,u~ . alto's t cn .e the ex ten; ~f the oll ~• punt ;f t"e remaining unpaid indebted-
<br />ness secured try this mortgage. be, and they hereby are- assagree to Cocm~erc:a', and shaJ• be paid forthwith Id Com.meraal tz be applied on aaount of
<br />ffie last mathrina r Ilments of such Ind btsdness.
<br />Dated this __ day of 9 -~
<br />iN PRESENCE OF: "
<br />v
<br />STATE fl F N EtsRASKA
<br />COUNTY OF HalJ~ ss.
<br />On this -.-.°~~~~ =(___ day o __
<br />the above-named
<br />Michael R. G rand Janet C.
<br />Michael R. Gloor
<br />net C. Gloor
<br />19~, before ,ne, a notary public m and ter lard CounCy, personally came
<br />Gloor, husband and wife
<br />th me well known to be the identical perspn or persons whose name is or names are atfrxed to the above mortgage as grantor or grantors and they, he
<br />or she, severally acknowledge the said instntment and the execution ;hereof, to be their voluntary act and deed.
<br />- - - -- - _ ' . _ _ .- -- - - - i~iEeELtt~i..47-~rtisbr.- -~~~- /
<br />WITNESS my hand and Notarial Seal this day and y Ias1,t9/i8ppifSenfM~8ERC3
<br />Siena. ow~~"~//sr3.~ .:i3
<br />My commission expires on fhe_~~ __day oi-~~~',~~~~y".-+t.--- 19~~ Notary Public -- -
<br />Su
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