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ASSIGNMEt1T 0;` k~Etd7S Loan No. 5,U~5.7-~;--._._...
<br />KNOW ALL MI:N by Th1I:SE PRESENTS: That Steven E. Hain and Brrenda L. Horn, husband and w3„te
<br />(herelnafier called the Mortgagors} in cansideratian at the sum ai
<br />Twent Six Thousand and NO/100------------- -- ------------- --Doilars(5--26 000<00--)
<br />loaned t~Mortgagors, do hereby grant, bargain. sell and convey unto COMMERCIAL FEDERAL SAVINGS AND LOAN ASSOCIA'~ION of Omaha,
<br />Nebraska, (hereinafter called "Commercial"}, its successars and assigns, the toltowing described real estate, situated in the County of,
<br />HaSI State of Nebraska, to-wit:
<br />SEE EXHIBIT "A"
<br />TO HAVE AND TO NOLD THE SAME, with the aRPurtenances thereunto belonging, unto Commercial. its success-ors and assigns, forever.
<br />Said f+iortgagors hereby covenant with said Commercial, its successors and assigns. that h9ortgagors are lawfully seized of said premises, that
<br />they are free from encumhrances, and that they will (ore~rer warrant and defend the title fo saki premises against the lawful claims of all persons
<br />whomsoever.
<br />Pmvidetl, nevertheless, these presents are upon the fellowmg conditions:
<br />TTat whereas the said Mortgagors as members of Commercizl have this date executed a note evidencing such loan and agreeing to repay said
<br />sum of money, with interest, in payments as set Porch in said note and have agreed to abide by the terms of said note and Charter and Bylaws of
<br />Commercial.
<br />That whereas this mortgage shall secure any additional advances. with interest, which may, at the option of Commercial, be made by Com-
<br />mercial to the unders~gnetl Mortgagors or their successors m title for any purpose, at any time uefore the release and cancellation of this mortgage.
<br />bul PROVIDED, HOWEVER, at no time shall the aggregate principal amount secured by this mortgage, being the amount doe at any time on said
<br />orig~nat note and any additional advances made, exceed an arnaunt equal to IIO percent of the amount of the original note, but in na event shall
<br />said date exceed the maximum amount permitted by law, and PROVIDED. HO'NEVER, that nothing herein contained shall be considered as iimihng
<br />the arnaunt the( shall he secured hereby when advanced to protest the security or in accordance with covenants contained in dte marta~-
<br />Now, ~t the said Mortgagors shall pay or cause to bu paid the said sums of money when due, as set torrir m said note, and any ether note for
<br />add+hanal advances a~atle unh! said debt is lolly paid with interest. then these presents shall 6e void: otherxise, to be and remain in foil force and
<br />effect; but d octal r should be made:
<br />a) in any a. lime ayments due on said note, and any other note for atldiUanal advances made, as :herein agreed to be made for dries months, or
<br />ib' in ke ping the improvements on said pre!nises insured against loss by reason of fire, hghtn~ng, and other hazards rnciuded in extended
<br />coverage ~r.surance .n an amount not less than the unpaid balance of lard mortgage loan, in a company ar companies acceptable to Com-
<br />merc~zl- the original of such policy or pohcles to be held by Commercial, and with a mortgage clause attached to said policy or policies.
<br />in tawr of ~om'rrercial; or
<br />tcj .a the payment of taxes and assessments levied open said prem!ses, or on this mortgage, before they are delinquent; or
<br />(d} If there is any change in the ownership of the real estate mortgaged herein, by sate, either outright or try land contract. or 6y assignment of
<br />any interest thereon or o':herwise;
<br />then, in any of the above sehforth events, the whole indebtedness hereby secured shall, at the option df Ganmernal, immediately became due and
<br />payable wic!out further notice, and the arnaunt dos under said Hate and any other note far atld:bana! advances made shalt, tram fire dais at ore exercise
<br />of said optwn, bear interest at the maximum legal rate per annum, and this mortgage may then be foreclosed to satisfy the amount due an said Hate, and
<br />any other note for additional advances, together with all sums paid by Commercial for insurance, fazes, assessments and abstract ezlensipn charges.
<br />with interest dtereon from the date of payment at dte maximum legal rate.
<br />PROMO€D that in no event, either before ar after detault, shat! the +merest due under said note and dns mattga~ and arty ether nWe for ~-
<br />d!iiona! advances made exceed the maximum lawful interest rate.
<br />Fri1`v`iC:EG. further. Thar io ttie event that aetavkt ~~_t:urS in dte mak~irg pr the payinoiit'a one' Cut laid nat2_ and jai airy ether Hale for addifianat
<br />~.~ ? - } es -:: - _ - t., h~.~. ry A ~! :n ~a f _' h~;~ Rte. t~'[3 ~: _,.es. ~ 3~~.,.._ - -Agar'., _ f .f~sr3, i= F~ ~.~a t~,~• : 4'r~~ t pf ~ ~3"s
<br />r; assess;r~ents IeviCdv i~r` the premises above descnhed at upa: L'us ~^ortgage, before they are ~ aw'~as±€:quent, C~smercral shalt be eatitted
<br />to the immprliafe passessinn of me pteinises abave~descntrod, together with ail rents, proceeds and issues aris+ng out at tiro premises. and may
<br />i.- .t~ Misr eu, a . g th .en!s ~ •+r as it dees~ ndcessa y :ter the ~rpase ~t .; ax-rig repai!=>t~n ore Fl~is~s and o t^? Fay' ant oT ir.SUrBn€e
<br />P @~?.ilina. tangs oriel a5se- r;ent~ b~QR sncn giemis>'s" and r$i neces;a`y ex~ise5 :Hoar=C9 i.^• [entin¢ Sa[d ne~rr'ft•s ;~!~ C~'teCtrnif rent ~1~!@tr~r!- and
<br />,utur~ ]tv3.:_ds hdrdunddr un, . did ,add`-,~~dss a2_• .~i s ~ .:' a:a: Vii" ;or 'such ~ .mss,
<br />is appry s~:. ant n_.ds dvsd~:cong' y p - p,,rpff-
<br />- - _. ,. _ . - - - ~rz tns-;~mec - - - rz2 as rz~i[a€i
<br />' - _~ -~.~_. __._ .-_ -~ .-{. -_'- ~~xr ~iru .r~~- ~ E_ '_`~' - 3i ni s=~A rtx.--- _ -
<br />~armerts doe .- t a~A +n r .:.nv Doter inCamdS 'f any rvoe w?fatsfldve t a:rr sa d a aperty > he teed nn tt~ Hates ~ e-desert lit s.~itl
<br />Cpmmertidr slla ~. in n.} [a5E na --tbi:~ rof die failure tit procuie tenants; to cvliect tent3, of to prtiSeGU ie aCt'an5 to reCOYer poSS25510n of Said premises.
<br />The Mortgagors t~.ttther appoint Conmercial of pmaha, Nebraska, their attorney in fact. g~vurg card attorney Rowse irre~taoly< erttrer ~ its awr.
<br />name ar Mortgagors' names to take al4 necessary steps for proceedings ui court or otherwise. to cause card premises to two vacated, to cvtlect rentals
<br />or other incair:rs due, and when vacant, to islet the same. to make all reasonable repairs and pay fazes out of said rents. prahts. contract payments er
<br />incanres and to da all such tqurgs trtlter by its own atficers or by ether parties duty authorized and appointed bj it as its agent far said tx:~se
<br />to charge or pay a reasonable foe far such services. all df the above to be done at such tunes and in such manner and oil soon terms as to their said
<br />aUorney m.ry seem best, xith foil pexer of subst+tution.
<br />The Mortgagors hereby ogles yret if Gtxnmerc!al ¢i die! vnlurltarify m ~nvoluntauly bntonres ar is made a party to any xurto: c,~>rded,n~ ietating
<br />h the hgrerntcefur: descrirrd feat es~te. Ur kr this mortgage dr mid Held or nobs, tithe. than a torgc;asuie snshtut~ by C~'eicia= ?Ac=igas r±tr
<br />re!mburse ivunrrrri+al far ail reaaarab(e coats !ncuned bk Commercial in said lint m proceettutg. The Mmtgagrots further ayrt'+? the: ,i tt>. =id~eirrbefae
<br />dr<Str: iX'd teal P5(titf or auy fxlrt there6l Ge condCmngd under the Rowel df uq[u neat (bmd!n, of rs oihetwiSP acquired for a abr.. ,; -.e mr da:*ages
<br />awarund, bie proceeds P3! ttie Wkmg, and for the cansiderahon for such acgwsihm to the extent of the toll am;~nt of thr r~±ta,ning i,r=.paitl m~C+kd~
<br />Hess se._:ureit try oils mortgage. be, and dtey hereby are. assigned to Cninmotc~al and shall be paid 4,rbrrw;th rn r,:_„mdre,a! a ~ aY+ai~e+e ~ri lts+~E*t::f
<br />pre last rnr+tiarin install n arts ut guch inddbtddnrSSs
<br />~j
<br />Cta&ti offs _ da'1 Ui ~'._..-a_ ~~ __ , 19 ~ 11 ii
<br />-,•,
<br />IN THE PRE5ENCF/~tF' <"~`~ ~' _ r ~,
<br />~. ~ ~
<br />_..---_"
<br />-- - ~ - - -_~ Brenda L. t3cxrn '
<br />STATE OF NEBRASKA
<br />ss. ____.._ _....,. __ ._...__._,.
<br />COUNTY OF __-_-- ----...__.--_-_
<br />ball
<br />On this .~ ...- ~,. -__.., day of ,..~s_~ ___ , t9 ~. before me, a notary pubtrc in and for card County. persona Hy Catne
<br />the above named
<br />Stovers E, tiara and Brenda L. Horn, hua2rand arnd Nlfe
<br />to me well known to hp the rdenflcai person or {Krrsans whale Hama ~s or names are afhzad !o die atx.we mortgage as grantor or grantors and the:-. he
<br />~rr~ ue the ' id inSttument and they-KeSUtinn ~rerei~f, t9 bP tt!?tr v01:~ritary aft and daei±,
<br />'~TN€"r~~Caeat Se his ~y and year last a6~v£ wr:ttun.
<br />sAan:i
<br />~ l~ - - _. _
<br />Narary Ps~hhc
<br />My commissmn expires on a __~__~~_._._ daY of _.r~a~Al~ - _. 13 ~~ . M ark
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