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~s-~;~~;~`,~~~ ~XDA?~I~ABLE ~30RTGA~GE
<br />ASSiGHAIENT t7F RENTS ! r:. `c. _ o~i+`v`1-' --
<br />KNO'N ALL MEN &Y THESE PRESENTS: That Jeffrey R. Carey and nobbi Ann ^arey, ::usband and xife
<br />thereinafter coiled the #ortgagcrs; in cansideratian of the sum at
<br />Forty-Seven T'nousazxd Six Hundred andHuiiOu----------------------~,;,;prsfc__u7 gn0_nn__)
<br />Eaaned 3o Mortgagors, do herstr{{ grant bargain. sett and convey unto GOMMERGiAE FEOERAt SAViN6S AND LOAN ASSOCiA~tON of Omahz.
<br />Nebraska, (hereinarter caned "Cammeraai"j, its successors znd as:,igns. the following described real estate, situated in the County ef,
<br />Hall Slate of Nabrzska, ta-xd:
<br />Lot Seven (7) Subdivision of Lot Hine (9) of Nindoiph`s Subdivision
<br />of part of the NE1/4 of the NN1/u and the tiNl/4HE1/4 of Section
<br />i4, Townshop ll North, Range 9 Nest of the 5th P.M., EXCEPTING the
<br />East Ten (10) Feet thereof
<br />70 ,iAVE ANO TO HOLD THE SAA7E. with the appurtenznces thereunto tv?!ddo rig. unto Commercial, it_ successors and assigns, forever.
<br />Sala PAar[gagors hereby covenant with said Gom.^•.erc~a!. ;{s successors and assi~s, thzi Mortgagors are lawfully seized of Bard premrses, that
<br />they are free from encumbrances, and that they wit! forever warrant znd defend thz tine to said premises against the lawful claims of all persons
<br />whnmcrnYer-
<br />Provided, nevertheless, these presents ar=upon the following canditia-rs:
<br />That whereas the said Mortgagors 2s members of Commercial have this date executed z ncte evidencing such loan and agreeing td 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 U'y-Laws of
<br />Co.mercial.
<br />Thai whereas this mortgage shall secure any addtional advances, with interest, •,vhich may, at the option of Commercial, be made by Cam-
<br />merciai to the undersigned Mortgagors or their successors in title for any purpose, of any time before the release and cancei(atidn of this modgage.
<br />but t'KUVIUtU, tiUYiGYEK. ai no Time 5a - ' ag;regat[ ;.., ^'! ~~^+ ~~ ,rep by rots m~rtgaga heinn the amount doe at any time en said
<br />original note and any additional advances made exceed an amount edual to Ilil percent of the amount of ths original note, but in no evcet shaA
<br />said note exceed the maximum amount permitted by law. and PROVIDE6. H07fEVER, that nothing herein contained shalt 6e considered as Iimibng
<br />the amawt that shall be secured hereby when advanced to protect the securih/ o: in accordance with covenants captained in the mortgage.
<br />Now, if the said Mortgagors shall pay or cause to tx' paid the said sums of money when due, as set forth in said rote, and any other note for
<br />additia~ai advances made unfit said debt is fully paid with interest, then these presents shall be void; otherxise, to be and remain in foil force and
<br />effect; but if default should be made:
<br />(a) In any of the payments due on said note. and any other note fcr additional advances made, as therein agreed to 6e made for three months, or
<br />(b) in keeping the improvements on said premises insured against loss by reason of fire, lightning, and other hazards included in extended
<br />coverage insurance is an amount not less than the unpaid balance of said mortgage loan, in a company or criaanies acceptable to Com~
<br />mercial, Bw original of such policy or pobcies tc be held by Commercial, and with a mortgage clause attached td =aid policy or {mticies.
<br />in favor df Commercial: cr
<br />(c; In the pay~~,ent of taxes and assessments touted upon said premises. or on this mortgage, before they are delinquent; or
<br />~d !i there Is any change in the ownership of the real estate mortgaged hereto, by sale, either outright or by land contract, or by assignment of
<br />any interest thereon or otherwise;
<br />L;en, m any of the above seFforth events, [he whole indebtedness hereby secured shall, at the option of Commercial, immediately become due and
<br />=vab!e ~withnst hirfher nptiee, and the amount due under said note and any other note for additional advances made shall, tram the date of the exercise
<br />ef~said opban, bear interest at the maximum legal rate per annum, and this rsartgage may then be iorectased in satisfy the amount due rn, said coca, and
<br />any other pate for additional advances, together with all sums paid by Commercial for insurance, taxes, assessments and abstract extension charges,
<br />with interest thereon from the date of payment at the maximum legal rate.
<br />PROVIDED that +n no event, either before ar after default, shall the interest due under said note and this mortgage and any other note for atl-
<br />ditix;a! advances mad9 exceed the maximum lawful interest rate.
<br />PROM^uEO, further, blot in the event that default occurs in Cie ,raking of the payments due on said note, and 6ti any o&'rer note Eor additiCrra:
<br />advances, as therein agreed to be made or in keeping the premises insured, as aMve provided, or if default be made is the payment of Lhe razes
<br />ar aSGeCSrrlent5 levied open Ble ~Pmi(ec ahdVe dPCeri Yv_td nt ~~nnn ihic mdtfpaga, h„efnrw they ara_ Mr law stall.^.q;<e.^.t. ~"~+'-,~.Ter[ia1 ~~.alt rm a;;ti.tyt
<br />to the immediate possession of the premises above-described together with all rents, proceeds and issues arising out of the premises, and may
<br />in its discretion use the rents so far as ii deems necessary for the purpose of making repairs upon the premises and far the paymentaf insurance
<br />premiums, taxes and assessments upon such premises. and for necessary expenses incurred in renting said premises and collecting rent therefrom, and
<br />to apply same en said note and any notes evidrsncidg future advances hereunder uNil the indebtedness secured is fully Daid; and far such p,rrposes,
<br />the undersigned does hereby sell, assign, set over and transfer unto Commercial ail of said rents, proceeds and incomes including any rand contract
<br />payments due mortgage owners or any aLher incomes of any type whatsoever from said property io lm applied on the notes above-described; but said
<br />Commercial shall in ro case be liable for the failure to procure tenants. to collect rents, or to prosecute actions to recover possession of said premrses.
<br />The Mortgagors further appoint Commercial of Cmaha, Nebraska, their ;homey in fact, giving said attorney ppwer irrevocabiv. eiBrer on its own
<br />name dr Mortgagors names to take all necessary steps far proceedings in court or otherwise, to cause said premises to be vacated, to collect rentals
<br />ar d - a. and when ~ ~ to re!et the same, to make all reasonable repairs and pay taxes out of said rents, profits, contract payments ar
<br />incomes ~aad~to dduail such things either by its own officers or by other paries duly authorized and appointed by ik. as its agent for said purpose, and
<br />to charge or pay a reasonable fee for such services, all of the above is nu Oase at s;ch Gme_< and in such manner and on such terms as to their said
<br />attorney may seem best, with full power of subsbtu6an.
<br />The Mortgagors heretry agree that if Commercial erther voluntarily ur mvo!untzniy becomes or ~s made a Forty to any sod or proceeding rotating
<br />'- "- `^~-~°"°`°•^ ^°°^^bea ;eel estate or to tnis mnrteaae or said note or notes. other ttran a foreclosure insbtuted to Commermal, Aortgagors will
<br />reimburse Commercial for all reasonable costs insured 6v Commercial :n said sin! or pro[eed{ng. The Mortgagor_< further agree Brat !f ore he:einbeiare
<br />d°s;ri5ed sea! estate dr 2ny part thereof he condemned under the power of eminen! domain, or is otherxise acquired for a p'~b!ic us=. the da^ages
<br />awarded, the proceeds far the taking, and for the eoasidera lion for such acquisihrm to the extent of the full amount or me remaining m~peid urdebted~
<br />cress severed by this mortgage, be, and they hereby are, assigned to Commercal and shat! 6e paid forthwith to Commesaaf to be applied on account of
<br />the last maWring insLy}nents of such indeb~dnes ~ `
<br />noted this ~ D ~ day of li 19 ~.
<br />Jd-SNF PRFSFNP.F t3F . i IL '`•tr-- 1
<br />S'iRTE OF NEBF.ASKA
<br />J f rR.r y i, '
<br />$obbi Ann Carey
<br />COUNTY OF ss
<br />Hall
<br />On this ~g~day of ~ ____- , 19 Z~ before me, a notary public in and far said County, personally came
<br />the above-nama~' -
<br />Jeffrey R. Carey and Bobbi Ana Carey, husband and wife
<br />to me well known to be the identipl person ar persons whose name is ar names are affixed k fha atwve mortgage as granter er grantors and they, he
<br />or she, aevesaiiy nCtusa~ied;c u c uo.v ,a,.,,-„~,., d^^ !h^_ ?°.o[_,t.[T tharanf to M their v~h!ntarv a.[t and deed.
<br />. ..r..~.e. ~ 1~1fiR•~dNlhf. / /f
<br />sSiTNESS my t:a.^.d and No+.arial Sa.,al this day tad year tast~+e> .,._~$ ;G^~~2~ . ~/ )f ;
<br />p 7~G/ /[~Nlote'y Public
<br />My commission expires on me_L2_~ day df l9 ? ! h? 5^
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