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79-~'.~~~~;~ EXPANDABLE iL~Q~RTtGAGE
<br />A55lGNliENT OF RENTS Loan tio..__. 4C447 =~----
<br />KNO'N ktL "dEN 6Y THESE PRESENTS: That Bernhard 0. Voigtlaender and Irene Voigtlaender, husband and w'i:Ee
<br />thereinafter called the Mortgagors} in donsideratian of tfie sum of
<br />Toept 0ne Thau an and Of 100-----------------------------------~otlars(S___221 00 00-}
<br />loaned tdyMortgagors, do~tere~y grant, ~argam, self and convey unto COMMERCIAL FEDERAL SAVINGS AND LOAN ASSOCfAthJN of bmaha,
<br />Nebraska, (hereinafter called "Commercial"}, its successors and assigns, the following described real estate, situated in the County of,
<br />Hall State of Nebraska, to-wit:
<br />Lot Eleven (11), in Block Five (5), in BogEs and Hill's
<br />Addition to the City of Grand Island, Hall County, Nebraska,
<br />TO HAVE HND TO HOLD THE SAME, with the appurtenances (hereunto belangrng, unto Commercrai, its successors and assigns, forever.
<br />Said Mortgagors hereby covenan? wrth card Cpmmercral, its su; censors and assigns, that fztortgagors are lawfully seized df said premises, that
<br />they are free from encumbrances; and that they will forever warrant and defend the title to said premrses against the lawful claims of all persons
<br />whomsoever.
<br />Provided, nevertheless; those presents are upon the following contlitrans:
<br />That whereas the said Mortgagors as members of Commercial have tlns date executed a note evidencing such loan and agreeing to repay said
<br />sum cf money, with interest, in payments as sat forth in sa+d note and have agreed to abide Irv the terms of said .rote 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 Gom-
<br />mercial to the undersigned Mortgagors or thou successors m title far any purpose, at any bme before the release and cancellation of this mortgage,
<br />but PROVIDED. HOWEVER, at no tune shall the aggregate pnncipal amount secured 6y this mortgage, being the amount duo at any bme an said
<br />original note and any additional advances made, exceed an amount equal to t10 percent of the amount of the original note, 6trt m no event shaft
<br />said note exceed the maximum amount permitted by law, and PROVIDEO, HOWEVER, that nothing herein contained shaii be considered as limiting
<br />the amount That shall be secwed hereby when advanced to protect the secuniy or in accordance with eevenants contained in the ~nartgage.
<br />Now, rf the said Mortgagors shall pay or cause to be paid the card sums of money when due. as set forth m said note, and any other acre for
<br />additional advancos made until sard debt is fully paid witlt interest, then these presents shaii be void; otherwise, to he and remain in full force and
<br />effect; but if default should be made:
<br />(a) ht any pf the payments due on said note. and any other note for addr?ioaai advances made, as therein agreed to be made for three months, or
<br />fbi In keeping the improvements an sard premises insured against lass 6y reason of trio, figtrtmng. and other hazards included in extended
<br />coverage insurance in an amount not less than the unpaid balance of sard mortgage loan, rn a company or companies acceptable to Com-
<br />menial, the original of such policy or pohcres to be held 6y Gommercial, and with a mortgage clause attached to said policy or policies,
<br />ir. favor of Commercial: ar
<br />c) to the payment at taxes and assessments loured upon said premises, ar on this mortgage, before they are detrnpuent; or
<br />(d) If than is any change m the ownership of the real estate mortgaged hereto, by sate, epther outright or by land contract, or by assignment of
<br />any interest thereon or otherwise;
<br />then- in any of Ute above set-forth events, the wha:e indebtedness hereby secured shaii, at the option pf Catrmereial, immedtalely become thre and
<br />payable without further notice, and the amdunt duo under sard note and any other note for additional advancos made shall, fra~Tr dra date a} the exercise
<br />of said option, hear interest at the maximum legal rate per annum, and this mortgage may then tie foreclosed to satisfy the amount due ar said Hate, and
<br />any other note fur additional advances, together with alt sums paid try Gommercia( for insurance. taxes. assessments and a9stract exterrsron .ftarges,
<br />with rnterast thereon from the date of payment at the maximum legal rate.
<br />PROVIDED that in no event, either ttefare or otter datautt she!! the interest due under sard Hate and this mortgage arW any other Hate taz ad
<br />ditinnal advances made exceed the maximum lawful interest rate.
<br />PP,01.'fDEO further, httat ra the a",mti that dofaatt ~L~.vrs rn the ,nak,n, of tho payrtrents dr:e orr said note. and on any ctirrcr note fur adEfctiotrat
<br />~dtr~nces, as Ih~ren ag[ew1 to tin rn~rla- r~r •n ken -. ~ th - ~- ~? n~ v ,>}~ ~ . d@#~`", ~ m ,~ ~~~-tt >± ~~ ~~~~
<br />er assessments Iev+od upon the premrses above '+escrrbed arYuu~~ti s ^artgaga, t7eforerdtey are by law detfnquent, C~mereraf strati be ~rbtkd
<br />to "re immediate passossian of the premrses aEx3ve desaitted, together w,ift alt ants, proceeds and issues arising out of the premrses, and may
<br />rri its a, a4r~tii. nail the ri<nc`s ~ nr at ii de~r_s nNCe35a.Y r ?i? ~t~,'-"S~ ni ma.-i?!~ tpp~;rS ;1,~^- t" `?'.§~3 ~C ~ .,'~2 ;,~"r:;~~t v 'a39;:a=1F2
<br />,ri2~r .u~5, wxc3 ar u a53e33fiiiil is itNrz a4sn p,an 5cs, aid i~ 7cca~3ary >sp~ns~ rn [red in r4nt ng ~k~^prw _--;~@5 ~tTri ~-xrtac :anf trresg~r:~, ~~!
<br />J appry .53.ra do ;aid 1 r.. attd any nylon evrderc:ng IGEaYS 'va.. ¢s htxt~?,r? un`r' Ltte indacte`i„n r-v - d - -
<br />ass °.xc,i..w rs ...y w ~r S3rCit pui'tnyT$5,
<br />b.a
<br />~r~i ~ ham- !- a~ _ ~t ~ - °°° - - t§ ~: ~z~a .~, _ _a
<br />yu
<br />payments cue moil a awnera er ar other rnCne'CS of acy h_6 whets ~~+ rr_,! + ~ "- r ~ ~~~
<br />~g Y _ - Sa~:..,r~tt= t3 h-. ~1~~+ n +ha n_:t€ ~_--
<br />C~~rciat>ha ~ i« „c ,.asa be tr„bte fur the fai3urc tQ prtlcure t°RartEs'. to inflect rents. ar to prosecute achats to ratever passessron nt said ~omr3es.
<br />the ~rrtgagors lurther appoint Cammercral of Omaha, Nebraska. itrerr attorney rn tact, grnng sard attorney power rrre,roeab?y. either on +ts own
<br />name or Martgagars' names to take alt necessary steps for proceedings rn court or ptherwrse. to cause sard premrses to De vacated, to eaitact:arttris
<br />or ether incomes due, and when vacant, to retet the lama, to make alt reasonable repairs and pay tares out of sard :eats; profits contract Dayments or
<br />incomes arKt to do ;ii such ttrings either try its awn officers ar by other parties duty autharrzed and appatnted by rt, as its agent for sard prtrpase, and
<br />to charge or pay a reasonable fee tar loch se:vrces aft ct the afwve td he done at such betas and m such manner and cn such terms as to their sard
<br />attdmey may seem best: with talc power of subsbaiban
<br />Tho Mortgagors hereby ague that rt Carnmercrat 2tther vuidntanly yr r,v~hlr Lfrry betames ar rs m a party to any surf a~ proceeanprefahng
<br />N Bte hetetn~h;re dasCtrbad real estate, or to this rnattgagc ur ,aid natr. c ru ;. other than a furacinsura rnsHtutad of ~,amererc,ai Martgagdrs wttl
<br />raimhtrsa Cammernal tw atf reasonable costs incurred ~" Com cereal m sard su + or praceadutg- The Mortgagors further a>uea dtat,f rho herernlaEfore
<br />de6errt~ real c3G7te ar anY W1rt Ptereot be condtrtnrre~i under the power ci e[!!ineut da~rain, or rs atharwise aequued fog a putts=°~ ;,s; !,".e da?eages
<br />awa!dad, the ptucea,4s ta' the taking, and fdr the cwtsrderahan !ar such aegwsihat to the extent of the tali amour! of the remaining srnp,ud rntlebled
<br />'nBas Sfituted bf tilts mortgage. Ile. alto they hereby are- asSr~gred to Cnmmetrrat and shall nP [,+ard ferLi,win; to Ceamtrer€.a~ iu ~ a~~;ir?ri :.n aceauet a!
<br />rho last ma9rtrn ins Imettts of such +ndebtndrras, -y ~
<br />t7ated R1tS . ~'~_ _~ stay of ." ~! 19 _ ~ I ,~ ~,
<br />~'-. ~ ,
<br />iN THE PRESENCt:Ot=: t trr.ti'{~rt{~ ~t"b~$''s*r.-~s~i
<br />~
<br />~ Lierntaard o. voix¢tlaender
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<br />_e.~..._....._..»....~._....-+--~.._.~._ ._v.-_. _,e- .. P...~r_,<._.» Ir~.ne YQl~tla
<br />STATE OF NEBRASKA
<br />35. _,~ _._ _ _-__.._.. _... _,... ...-...._ . , .. __ . _.______.._
<br />COUNTY OF Hal_1,,..,~C... ,,/`~
<br />On this __.____._ day of _ !9 !~,~ lactate roe, a notary pubLc rn and for sard Cdunty, persanaHy Game
<br />the atwve=nomad ~ u. `
<br />Bernhard 0. Yraa.$tlaendar and Irene Voigtlaender, husband one wife
<br />fq me well known to he tlta identical person or per3ars whose name es or names a[a affixed to the ahdve mortgage as grantor or grantks and they. fie
<br />or she, saveraily acknowledge the said inshumant ate ttto ~+~t~t!~tt_~!l1~~?!ntaty act :and deed.
<br />41ttvCit.4 #1. MR3~RG
<br />WITNESS my !rand and Notarial mat this ray and yoar t ~)1xta?mnr. ~'~' tt, tone _ f f j
<br />fiottry Pubirc
<br />My cmdmissron nxpires on the __,..~? .-_--_-- day of _.. ~~ _._ _ _. i~ ~ ~ M till
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