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79-t1~E~3484 EXPANDABLE NdORTGAGE
<br />ASSIGNMENT OF RENTS Loan Nc. ___
<br />KNOW ALL MEN BY TNESE PRESENTS: That Wendell N. Blake and Carol K. Blake, Husband and Wife,
<br />(hereinafter called the Mortgagors) in consideration of the sum of
<br />Thirty-eight Thousand Five Hundred and No/100---------------------Dollars (388 ,500.00 )
<br />loaned fo Mortgagors, do herebyy grant, bargain, soil and convey unto COMMERCIAL FEDERAL SAVINGS AND LDAN ASSOCIATION of Omaha,
<br />Nebraska, (hereinafter called "Commerc!al"), its successors and assigns, the following described real estate, situated in the County of,
<br />Hall State of Nebraska, to-wd:
<br />Lot Eighteen (18) in Western Heights Second Subdivision, Hall County, Nebraska;
<br />TO HAVE AND TO HOLD THE SAME, with the appurtenances thereunto belonging. unto Commercial, its successors and -assigns, forever.
<br />Said htdrtgagers hereby covenant with said Commercial, its successors and assigns: that Mortgagors are lawfully seized of said premises, that
<br />they are free from encumbrances, and that they will forever warrant and defend the title to said premises against the lawful claims of alt persons
<br />whomsoever.
<br />Provided. nevertheless, these presents are upon the following conditions:
<br />That whereas the said Mortgagors as members of Commercial have this date executed a note evidencing such loan and agreeing to repay said
<br />sum of money, with interest, in payments as set forth in said note and have agreed to abide bS' the terms of said note and Charter and By-Laws of
<br />Commercial.
<br />That whereas this mortgage shall secure any additional advances. with !nterest. which may, at the option pf Commercial, be made by Com-
<br />mercial !o the undersigned !dortgagors or their successors in title for any poreose. at any bme before thz release and cancellation of this mortgage,
<br />but PROVIDED. HOWEVER, at no time shall the aggregate pnntipal amount secured by this mortgage, being the amount due at any time on said
<br />original note and any additional advances made, exceed an amount equal to Iii, percent df [he amount of 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 shall be considered as limiting
<br />the amount that shall be secured hereby when advanced to protect the setunfy or in accordance with covenants contained in the mortgage.
<br />Now, if the said Mortgagors shall pay or cause to be raid the said sums nt money when duo, as set form it! said note, and an. nn,nr Hate ter
<br />additional advances made until smd debt is fulty paid with interest, then these presents shat! be void: otherwise, to t>A and remain in full force and
<br />effiect; but if default should be made:
<br />;a; In any of the payments due an said note. and any other note for additional advances made. as therein agreed to be made fur three months. dr
<br />ibi to keeping the !mprevements on said premises insured against loss 6y reason of fare, lightning, and other hazards included m extended
<br />coverage insurance in 2n amount net less than the unpaid balance of said ~:.drtgage loan. in a company dr tdmpames accepfa6ie to Com-
<br />merciah the original of such policy or patinas to de held ~`r Commercial. and with a mortgage clause attached to said policy or policies.
<br />in favor of Commercial: dr
<br />ic? in the payment of tuxes and assessments levied upon said premises. or on this mtrtgag?. Mere may are de;mquent: or
<br />,,+tl; If Grere is any change in the ownership df the real estate r!ortgagetl harem. by safe. ether outr,ght s by !and contratf. or by assignment of
<br />znv interest thereon or otherwise:
<br />that, in any of the above set-forth events. 'he whsle indebtedness hereby secured shall, at t;+e optron of vmmert:a!.:m:aedrateiy become due and
<br />payata;e without further neUCe, and the amount due under sale note and any other note for additional advances made shall, ire;-, fie date of the exerase
<br />d# rid option, hear interest at N:e maximum legal :ate per annum. and this mortgage may Chen be foreclosed .'te satisfy the amount due on said rote. and
<br />any other note for additional advances, together w: G`. zll sems paid by Commercial far insurance. taxes, assessments and abs"act extenven charges.
<br />with interest thereon from the dale df payment at the ^axi~.u,^ legal rate.
<br />PROVIDED that ir, nc event. ether befese cr afte, default. shalt the interest due under said ntte aoa this ^cr;gage and any ;her note for ad-
<br />dit,dnal advances :•nade exceed the ^!ax!mu,- !aw~~+ ;n!erzst rasa
<br />PROVIDED. f±irthet. 4:at :c ire event that tl .ui ,c;urs m the ma.:ng ~` 'te ravTe•^'.s o~_ o >a ~ _ a'.' ~>n ar} ~ ,r n-.e =cr ae6,tianal
<br />adFantes as Terror: a;,ezd to be -,._~ ;r r <eec•ng the ;remises .nsured ~ as above wre.,ded ~ , ire n ?e .ayment cf the taxes
<br />or assess^e^fs ;evit~7 a t^e prr' seS abtre desc,bec .is -•tgage bera•? :tic ;~ _n _ ,- -,, snag 6eenbtled
<br />r u e ^~+ia+e o ssess,dn c` the p T,ses z5 vR <s :eed. .5 .her w.ih a ! ran cPeds a ~ a s g ire m:s c nt may
<br />ir, .is d:sir_..2 ase ae rcr!s st !,.r as i; deer^s ,ec__sa,y or drz fx.r~se _i ~-a. ng ~,a ,s .Y .. ,-s 5,,:..~ .. e „~r~zl of . suraece
<br />pr2rr;rurs. taxes and assess.. e^ts u?or such premises. and tai necessary expenses intu~-N n reef! g > -- e e:* ses a,.d ;:~-et.,r ran+, theretrdm- and
<br />to apply sa-re ,;, sa,d rote ono any notes evitlanc~ng future advances neieume• :rot. "'re nae_tad,.ac_ ce_,;.e. s .. _.,..~r ssch r rroses,
<br />the undersigied Goes Hereby se: ass,gn. set over and transfe nfn Comme't,a! ai; „! sa,d r_ tts _eets a ~ ^:es V. `utlrng env :and contract
<br />payments +xse mdrt~ge ow;ers dr any other incomes v'f any type whatsoever frDm said oreper~y to be a^,pi:er e^ ~e notes atrve desn!hea; hrt said
<br />f;ommescia'. shat: ~n ^; :ase ~ i,,abie for Te fa,iure to precu:e tenants. to riieci rents r .{ prosecute actions ^~ recover possession of said premises.
<br />The Tsioriga~rs iu-;h=_r ap:>"„int Commercial of Omaha. Nebraska, that attp=nq- ,~ fat'. ~viag said attsmey vroer ,trot-_tabry. z~mer do i!s own
<br />name of Mc-rigzgers' nasaes tc take alt ;eec°ssary stops for proceedin¢s !r. tdurt or ot?>?rwse to cause sa,d atomises to Se vacated td teliect rentals
<br />dr other intones a~~~e. aoa w!te:~ vacant to relet the same_ to mane all reasonable repass ono pay L'.xas pu! of sold rent>. orefits. contract payments or
<br />incomes and tt 6e a! suc.^. things either b its own officers cr by other ethos e:,!y a.,"rc;;zed and appo,nted by !t. as its agen'. for sat, purpose. and
<br />y Charge or ply a reasen2b>e !x fx sub servitzs al! of the aCov~e to be done at such tames ;ed ;n sorb manner ar.e on such terms 3s td theta said
<br />aft^}ey'i3y Se~'.+R.si.B!it' .: ~,?Rf. _r5:1`.3hfi,ti~.-
<br />T';e ~ 'mss e* <t, '.a ~ t it-r v - r a v rv nta:;y ce a^zs cr s aaz a ;a .j t_ any s~.t o ;. ?teedrng reiatrng
<br />tc d,e here:c'ef- a es ~^ _a es th s ~~ge >a too nn es ~:n is - a `oro i » e ~sb ~ ed b Cori-ercia: !lortgagdrs will
<br />r. rwrse u.T.-_._,z- .s a ~ easm~a... ,_,> mt„ ~` 'vy Ca .eta: ~, sa,~ sr°. ~,r pr~eed ag ~ id, :~osors ftrthar agree that f the neremxfore
<br />destrbed tea, est_=t=_ -r env par'. rtsereei tx to^.Ger!rzd under the ;,dw>_; of emir=.ent demzin ar is otherwise acquiree fo .. y~b!ic use. the darages
<br />awarded. the ;,rxe s`d .e L=k,:ng and for the . ansi~ratian fnr such act., sit.rxn tp re extent cf ;he `ui; a^,o..nt cf :he remaining unpaid wdehted-
<br />ness setu,~ by th,s sorgage. be and they herzb} era. assigned ib G,mmerca! aoa she!: ~ paid fatthw;i;, ! Cat^.rrert:a' tc he aGplied on account df
<br />th° Iasi ^:a:,r 6 Ste".^-~'S - ~ Sum. ,i.~c3t2dis" ry
<br />Daiedthts ;,aycf-__;i~~~.;i t5~.
<br />IN THE PRESENCE OF: l" , i (- r _~~~-.
<br />iiendell N. Blake
<br />STATE OF hE8R9SKf1
<br />C0;1hTY OF ~~,/ ~~s.
<br />On this ~ r day of ~_
<br />The aTmve-named
<br />Aendell N. Blake and Carol K.
<br />Carol K. Blake ~
<br />r
<br />/_
<br />1~~__ , before me, a notary public m and for said County. personally came
<br />Blake, Husband and Wife,
<br />to m? weU kn~vn to be the identical person dr persons ~sose one is or names are affixed to the above mmteaee as grantor or grantors and they, he
<br />or she, severally acknowledge the said instrument atuf the execution thereat, to be their voluntary act ~ deed.
<br />C a m,v n~ a1 ~e i th' A ~.~~~a~ ~ / i{~/ 1~ ~`li,
<br />W.T';E.~S my ban., N.. Brio a ,as..ay and yvc -- ¢ ~' n `-rr~~ {
<br />pr "mac,-. ~,t r<~~IJL"``' ,~,~_,__,
<br />-, 'Notary Public
<br />My commission expires on the ~' day of =_a'Y~~ _ , 19~ ~ . M.yp
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