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']~~- ~$;,~~„3~-8 EXPANBABLE 14iIC9B,TGAGE ASSIfaNMENT OF RENTS Laan No. _ 5045D-1 __ KNOW ALL MEN BY THESE PRESENTS: Tfrat flay Terr. ill and Lillian R. Terrill, husband and title (hereinafter called the Mortgagors) in aansidaralion of the sum df Fifteen Thousand and NCt/144---------________________________________Dollars (5--15 040.00--) loaned to Mortgages, do herebyy grant, bargain, sell and convey unto COMMERCIAL FEDERAL SAVINGS AND LOAN ASSOCIATION of Omaha, Nebraska, (hereinafter called "Commeraal"), its successors and assrgns, the following described real estate, situated in the County of, Hall State of Nebraska, to-wit: Lot Five {5} in Block Eight i;8) in Hann's Third Additicn to the City of Grand Island, Hall County, Nebraska TO HRVE AND TO HOLD THE SAME, with the appurtenances thereunto belonging, unto Commercial, Its successors and assigns, forever. Said Mortgagors hereby covenant with said Commercial, its successors and assigns, that Mortgagors are lawfully seized of said premises, that they are free from encumbrances, and that Pney will forever warrant and defend the title to said premises against the lawful claims of all persons whomsoever. Provided, nevertheless. these presents are upon ?he fallowing conditions: That whereas the said Mortgagors as members of Commercial have this date executed a note evidencing such loan and agreeing ?o repay said 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 Bylaws of Commercial. That whereas this mortgage shall secure any additional advances, with interest, which may, at the option of Commeraal, be made by Com- mercial to the undersigned Mortgagors or their successors in title for any purpose, at any time before the release and cancellation of this mortgage, huf PROVIDED. HOWEVER. a? no hme shall the aggregate principal amount secured by this mortgage, being the amount due at any time ai said original note and any additmnal advances made, exceed an amount equal to 110 percent of the amount of the original note. but m ;x. went shall said note exceed the maximum amount permitted by law, and PROVIDED, HOWEVER. that nothing herein contained shall be considered as luniting the amount that shall tx secured hereby when advanced to protect the security or in accordance with revenants contained in die ^~rtgaga. Now, if the said Mortgagors shall pay ar cause to be paid d?e said sums of money when due, as set forth in said note, and any other note far additicsral advances made until said debt is fully paid with interest, then these presents shall be void; otherwise, to be and remain in full force and effect; fNrt if de!-aulf should be made: ia) in any of the payments due on said note, and any other note for additional advances made, as therein agreed ?o ire made for three months, or ib) in keeping the improvements on said premises insured against ions by reason of fire, lightning, 2nd omer hazards included in extended coverage insurance in an amount not less than the unpaid balance of said mortgage loan, in a company or companies acceptable to Com- mercial, the original of such policy or policies to tie held by Commercial, and with a mortgage clause attached to said policy or policies, In favor ai Commercial; or {a; !n the payment of taxes and assessments leveed upon said premises, or on this mortgage, before they are delinquent; or !d) If Uiere is any change in the ownership of the real estate mortgaged herein, by sale, either outright or by land contract, or by assignment of any interest thereon or otherwise; . then, in any of the above sehforth events, the whole Indebtedness hereby secured shall, at the ophon of Commercial, immed?at9iy become due and payable without further notice, and the amount due under said note and any other note for additional advances made shah. from the date of the 9xarafs9 of said option, bear interest at the maximum legit rate per annum, and this mortgage may then be foreclosed to satisfy the amount due on said note, and any other note for additional advances, togeH?er with all sums paid 6y Commercial for insurance, taxes, assessments and abstract extenson charges, with interest thereon from d?e date of payment at the maximum legal rate. PROVIDED that in no event, either before or after default, shall the interest due under said note and this mortgage and any other Hate far ad- tl~+tenvi e,iu1nrne mne}n u aaA the ma Yimnm lawf111 InrPrPit rTtP ,. - V DED, rurfn9r, that fn the c've?li Inai detau:i ettur5 IP Ga Tlaiifng of [hr payments due nn idea note, 8nd 9n dny Cher nnL2 ter addit?r~5a'- udl3IlCe', as these+.. ~~.-~;! ?~ '~~ ?de, n _ >:.": ,t+a ,,,:rt.s_3 .n..~,.,: as "~ Urov'ded- of o Je`a:slt ,adE : ;";~ ._ ? ~~ ~a9° evs or assessments levied upon the -rer;,ses a e described or upon this mu?t,age, •before they are by taw daiiaquant. Came e a :na.:•~~ 951'rtt9d ie the immediate possession ni the prelrnses (above described, together with all rents, proceeds and issues arising oat of the premises; and lady in ifs dtssretian use the re„ ,..,., -- rt ;~e,~s n>?cassary for the p?irppse at makrrrg rapatrs u;~n the pr€r~iises ahd far d;c- ~y,a~t at ifi~~zf' premiums, taxes and assessments~~pon such premises, and ir_,I n24assary expenses Incurred In rant?rig sa!d prerns9s and c^i!9cting rent tharefrn:"?. and fC apply Saint Un sold Hate and any notes eVi derlcing IUtu r; adYanP,eS hereunder until the IfldebtedneSS SeCU(ed IS tlllly paid; and `Or SUCK pUfpdSeS, ~e ut;dars1fi''ned ~ ,.P.*a~ ._ .. _ t ~.. ,~, a.... uitto ttY ,,,,E ~la_ ,,,n, X11 =~ ; ~` .~ s - - - _~ ..4{ - -U? a d In6V £] -I ---J- ~ i1;f tat.sw -Jrr r$i;t paymenLt ZyyFl nll~tgagf nyj 1 -_ ~?y . tf1P( .1 ~.: P~ I~t -..,f ( rtP wt?atsoev~. frerna yard prcperiy ? i,°c aypli~d ui} t+ht' ~ru,tu ~~i. ~HgrJer4c•~d ~F Said CommerClai 5nall in nU ca,R t.<•~:!a'J-2 tC: the taliur2 to pracu:/a tenants, to co!Ifi.f refits, or to prosecute achuns tC raiaver possesslt~.n of said preen; 595. Th9 Mortgagors further appoint Gammerelttl of Omaha, Nebraska, their attorney in fact, g?wng said atturn9y power irrevocably. 9lthar en lis ~n name or Mortgagors' names to take all necessary steps for proeeadulgs in court or otherwise, to cause said premisos to be vacatotl, lG coUe-ct ien(als or other ?ncom9s due, and when vacant to :elet the same, to make all r9asanable repairs and pay taxes out of Bald rents. profits, contract payments or mcom9s and to do all such #R:ngS either by Its own othcers or by other parhes duly autlionzed and appointed 6y It. as ifs agent for said purpose. and to charge or r?ay a r9~s'onabse tae f~ s;~ch s9rv?ees all of Lhe aG!;ve to be done at such times and in such ~nanper ar~u; on soh terns as to t}i9?r seta attorney may seen! b25t w!fh fait jawer of suhsbiubon. ~e rtga~rs hesaby agree dot t Co. -er- ,=. 9~(her velar?linty or u?velruitarrly becanes or Is fnado a ;arty to ar u t 1 p veeedrng r9iatrng to the h9r9rnt>efare d°sulbed red estate- er to this mortgage w said not9 or Hates, other than a foreclosure Institute tri C~.a Ile ~ i ',lastgagais will rermturse Gpmm9rcial tot a!! reasc>nahia costs incurred by Commercial in said soli or prne9eding. Tha Mortgagors luriher agree ;h ; .! the h9reutt;efare 6e5arlbed real estate or env Cart thereof be condemned under the power of eminent domain, ores otherwis9 acquired for a pshl~+ ,~:e !hc damages awart~d, the proceeds for the taking aid for the ecnsitlerahw tar such acquisiflon to the 9xtent of the full amocnt of the ra'na~evnm ,;+aa1J intlebted~ eels 3i•iu;iaf try dais €^urtg~'N. tr9. aF:d ihi-y herafiy are. assrgned to Commercial ar;d shall h9 pa~4 torc?wifh to Commercial to ~ app'~ud en dctount of lfle' list fi,ahlfin'yw In3ta~~ ~1 Jn[II !!IUCIl[C[IIIL'SS. __ , y r __ meted thr5 _~..-~.__._._ _._.. da u. __.. 19 7 ~ ~j --~- -- ' -j , t?e THE r32r$fN%F OF' ~ :)!r~~=-~--~,~'-c '~ is ,rte ~ ~ ka '~ ~i 5 5 - ~ ---~.~.___...__~ r ! ~ ..may ~~ y-•+c~- ----- ~'; ~~{-G ~_..~ --_v,_-._. _.__._ ,a,-__-_,_._. Lillian R. Terrill STATE OF NEBRASKA ---------------------- ----- --- - - - -- COUNTY OP ss. Hali On this ~_~,__.___ day of __!~'=` __..... , 19 ~ before me, a rotary public .n and for said County, personally came the above•named Ray Terrill aid Lillian R. Terrill., husband and wsfe to me well known to t>r the identical person or persons whose name is et names are altixod to the above mortgage as grantrr or grantors and they, he or she, severally acknowledge the said instrument and the execution th9reof, to ba their voluntary act and deed g1~1A8?f . ~ d Ph4~. WITNESS my hand and Notarial Seat this day and year ias~bov9~ ~• WFdf~ti(3 ~ ~ ~ ~~ `~4. ., Notarv Public Pity commission expires nn Ihe_ ~ ~ ____-__dny of _. ~,..~~~,,,~°~__ - In !f r.^ ~~.