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<br />79~. ~47 EXg'ANDADLE MOR,r$'GAGE Loan No.~~~Sz=a-_._
<br />UU4 ASSIGNMENT OF RENTS
<br />KNDW ALL MEN BY THESE PRESENTS: That David G. Karr and Chn_ryl G. Karr husbapd and wife
<br />(here~naKer called the N~ortgagors) ro consideration of the sum of
<br />Fort -One Thousand One Hundred Fifty and N0/100-------------------0ollars(5--41 150.00--;
<br />loaned ~o Mortgagors, do hereby grant, bargain, sell and convey unto COMMERCIAL FEDERAL SAVINGS AND LOAN ASSDCIA~ION of Omaha,
<br />Nebraska, (hereinafter called "Commercial"), its successors and assigns, the following described real estate. situated in the County of,
<br />HAli State df Nebraska, to-wit:
<br />Lot Nine (9) and the Southerly Fifty Feet (50') of Lot
<br />Ten (10}, Harb S•sbdivision, in the village of Cairo,
<br />Hall Cotrnty, Nebraska
<br />T^u HAVE AND TD HOL`J THE SAME. with the appure,~ancos thereunto b•longmg. ante Cnmmerc+zl as successors and assigns, forever.
<br />Said Mortgagors hereby covenant with sa+d Cnmmercia!, its successors and assigns. that 67ortgagors are lawfully seized or said premises, that
<br />thou zre free from em:mnbrances, and that they will forever warrant and defend the tiJe to said premises against the lawful claims of all persons
<br />YNr~Saevef.
<br />Provided, nevertheless, these presents are aeon the following conditions:
<br />That whereas the said MAr(gagnrs zs members of Cemmerr;(al have thu date executed a note evidencing such :.oan and agreeing to repay said
<br />sum of money, with interest. in payments as set forth in said note and have agreed to abide by the terms of said note and Charter and By~Laws of
<br />Cn^vnercia#.
<br />That whereas this mortgage shall secure any additional advances. with interest. which may, at the optior, of Commercial, lx made by Com-
<br />mercial to the undersigned Mortgagors or their successors in title for any purpose- at any time before the release and canceilahnn of this mortgage.
<br />6r,i PRDVIGE0. HOWEVER, at no t!ma shall the aggregate principal 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 ll0 percent ai the amount of the original note, but in no event steal!
<br />said note exceed the maximum amount permitted by law. and PROVIDEG. HOWEVER. that nothing herein contained shall be considered as limiting
<br />tiro amount that shell be secured hereby when zdvanced to protect the securty or in accordance with covenants contained +n the mortgage.
<br />New, if the said Narfgagars shat! pay or cause to be paid the said sums of money when due. as set iorttr in said note, and any other note for
<br />additional advances made anti; said debt is fully paid with interest. then these presents shall be veld: otherwise, to be and remain m full force and
<br />effect; but if default should be made:
<br />!;a? In any of the payments due nn card note, and ary other note for additional advances made, as therein agreed to be made for three months, ar
<br />i§~ in keeping the !mpmvements on said prarises insured against lass by reason of fire, lightning, and ether hazards included in extended
<br />coverage insurance ,n an amount not less than the unpaid bzlance of said mortgage loan. in a company or companies acceptable to Com
<br />eternal dye nrigtna! cf sr'ch potty or puLdes to tx held try Gnmmercial. and witty a mortgage clause attached to said policy or policies,
<br />in fever of Cor,€mer'7a;: nr
<br />,., to the ppment of taxes and assessme'~ts towed tipan said premises, er an ih+s mortgage. 6efere they are delinquent: nr
<br />.,d', !t the*e ,s any change m ine ownership o` the tea: estate r!ortgagzd herein. by sale, either outright ar try land contract. or 6y assignment of
<br />any ;nterest tirereon m other»+se:
<br />then- in any of the above set~fni"ot events. the n^ele mdebteCness hereby secured shall, at Lhe option of Cammercial, immediately become due and
<br />payab#e wsthout turL'tes aabce. and the a:*+auo: due under said rote and any other note for additional advances made shalt, from bye date of the exercise
<br />nt sartl apti~t-bean interest at the max+mum toga! rate per annum. and fits mortgage may then be (oreclascC to satisfy the amount due nn said note, and
<br />env ether note for ~diironai advances, together w+th alt sums card q' Commernal for insurance. taxes. assessments and abstract extension charges,
<br />with rnierest iherea~r tram the date of payment a*. the maxims..:. legal rate.
<br />PRDVtDEO that in no event, erther before ar aft,:: Cafau!=. shat! the interest due under said note and Ynis mortgage and any other note for ad-
<br />ditiaaa! advarccs made e.ceetl the mazimnm !awfi^f interest rate.
<br />PROVfDEC. further- that.n the event brat d?fault xcurs :n fi=_ ,,eking of the payments due on said note. and on arty other note for adtlitiona!
<br />adv3l; res. as therein agreed to be made. nr m steeping me ren;+ses +nsurt~, as abes~ provided, a if default be sraCe ,.^, the payment ~_+f th& fixes
<br />or assessments i=vied open the premises above desdribed ;r upon "~ i; mortgage, before they zre ht law delinquent. Cammerial shall be entilted
<br />to the immediate possession of the premises shave-descntxd. together witty a!I rents. proceeds and issues arising nut of the premises, and :ay
<br />sn its discrebnn use tiro rents so tar as it deems necessary for fie purpose of raking repair> upon the premises and far the pymeai of ipsurance
<br />premiums, taxes and assessments upon such atomises. and for necessary expenses rncurra,^ ir, renting said premises and collecting rent therefrom, and
<br />to apply same an said rote and any notes ev+dercing ~ture advances hereunder unfit e indebfea~ess secured- is fully paid: and icy such pmrpases,
<br />the undersigned does hereby soli, assign, sat over and transfer ante Cnmmercia! ail of said rents. proceeds and incomes including miy IanC contract
<br />payments th!e .mortgage owners or any oGrer incomes cf any type nmatsoever tram said property th be applyed on the notes abovz-descrbed; but said
<br />G~mmercla!shaifn no rase ire fiahie far the failure to oroi.ure tenants. to coNed rents, ar to prosecute actions to recover possession of said premises.
<br />The Mottgagdrs further appoint Co<'nmercial of Omaha. Nebraska. their attorney .n tacl, giv+ng saiC attorney power +rrevncabty, either on its own
<br />name or Mortgagors' names to take alt necessary steps for proceedings in court ar otherwise. to cause sa.d premises to 6e vacated. to collect rentals
<br />or offier in~rrces due, and whet, vacant, to relet fie same. torake a!i reasonable repairs and pay fazes nut of sa+d rents. profits, ccntratt payments or
<br />inpmes amd to do all wch things either by its own officers or )"; other parties duly authorized one appointed by rt, as its agen` for said p<rroose, and
<br />to ctrarge nr pay a reasonable fee for such services, all of the aon.~e to r,a Cone at such limes artl in such manner and an such term; as to their said
<br />attorney raray seem best, with full power of substitution.
<br />The Mortgagors heratry agree that if C^me;cis! either vo!untar,ry ar ~nvatuntariiy becomes or is ;,ado a party to any suit ar proceeding relating
<br />to fire trereinbefae described real esth2e. cr to fits mortgage nr said nail nr notes, oL,er than a fcreclnsure instituted hY Commercyai, Mar[gagors will
<br />reimburse Cmnmercial for all reasonable costs incurred hi Cezmercia m szid suit ar proceeding. The Mertgzgcrs further agree that it the hereinbetore
<br />descrilyed real esffite or any pct thereat be condemned under the power nt er^inent domain, or is otherwise acquired for a public use, fie Camages
<br />awarded, the proceeds for the liking. and for the caysyderaLOn for such acquis+tioe to the extent of the foil amocnt of the remaining unpaid +ndehted-
<br />ness secured bjr this mortgage. be, acrd they hereby are, ass+gnad to Commercial and shall be pia forthwith to Commercial to be app}ied en account of
<br />fire fast yaabrring insLNmenis of yxh indebtedness.
<br />Dated this 3~i day of ~d~UE 19 ~ . /~
<br />I f _: ~, ti
<br />fM THE PRESENCE O
<br />pavid G.
<br />~'i-i
<br />Cheryl G. Karr
<br />STA~BRASKA
<br />COtlNTV OF N~ 7 5 ~y
<br />On this ~~ day of ~-_.-_ , t9 LL . trefore me. a notary public in and for said County, personally came
<br />the 2bove-named
<br />David G. Karr and Cheryl G. l,arr, husband and wife
<br />W me weN known to be the idenbral person or persons whose name is m names are affixed to the above mortgage as grantor or grantors and they, he
<br />or she, severally anknnwi~ge the said instnsuent and the exz<:utinn thereat, to be their voiur.tary act and deed.
<br />I~M~rl this day and year last above written. ~y~//~~~
<br />fMIICIr~iR 4. Aai~. ii. rya /U
<br />My wmmission expires on the ~" ' ~ day of dColJST__ . 19 -III . M~50
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